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MILE MARKER INTL INC Message Board

  • johnfox188 johnfox188 Sep 7, 2012 7:11 PM Flag

    share price has gone from 1 cent a share to 6 cents a share

    in the last 8 trading days..something is up..this stock seldom trades two days in a row, now it traded 8 days in a row with a 600% sp increase..what the heck is going on?

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    • Looks like someone who held option shares, or shares given for working for them that had a minimum fixed price, dumped them when they coudl leagally. Created a price spike that a bunch of other people jumped on to try and get their money back.

      • 3 Replies to michelj_e
      • I should have been more clear - if one exercises an option to buy from the company's treasury it won't show up in t&s (will it?). Do you mean to say that someone sold on the open market as soon as possible ... and it caused a spike UP?! That wobbles the mind ....

      • I should have been more clear - if one exercises an option to buy from the company's treasury it won't show up in t&s (will it?). Do you mean to say that someone sold on the open market as soon as possible ... and it caused a spike UP?! That wobbles the mind ....

      • michelj_e, would you mind enlightening me? I must admit I've never heard of such a thing: "... shares given for working ... minimum fixed price ... created a price spike ...." A minimum fixed price? If one exercises an option to buy at an agreed price, well below the current market value, it won't show in time & sales data, will it? Why would such a sale at a fixed minimum, well above the market value ("spike"), show in the time & sales? Thanks in advance for your answer.

    • As a result of my latest purchase on Aug 29, I appear to own 2% of the float. Nothing like averaging (WAY) down. Now sell this POS up, you talkers at investorshub. Got my sell orders in and waiting for you to climb the ladder to get them. (Or go down with the ship.) [Damn, I can't tell whether I've posted this message 6 times or none at all! Thanks for the change, yahoo!!]

      • 1 Reply to tracisfine
      • I recieved shares when the company I was working for went public. They had a fixed minimum price that I could sell them at when they were vested. When I could sell them they would sell at market or the fixed price, which ever was higher. Usualy vesting is 5 years but they can be held longer. Since price was .01 if theri fixed price was .06 then that is what they would be sold as. I assume the company bought them. But since the company bought them back it was not an interenal transaction. Maybe option was the wrong term to use. Anyway that is where the sudden price jump came from. If someone was trying to by them in a normal transaction they would bid the m,arket price, not higher. I hold about 2% as well of the company. Just waiting to see what happens. My biggest worries is current management and how they are handling company assets and business plan. I have not recieved a yearly report in awhile.