ANOTHER NAIL IN THE COFFIN-
'DE-LISTING"MRNA $.25 cents 6-Mar-2009
News release
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of listing.
Item 3.01.
Previous nails in the coffin
*Merck breakup
*P&G breakup
*Most share sold in 2007 by insiders before announcement of P&g break up
*Growing Concern Letter of Continuance issued by their accountants
*Chief Financial officer resigns
*Stock price goes from $20.00 to $.25 cents
*Two offerings of stock issuance's within 24 months
*Company borrowed $5 million dollars
*Debt Increasing
*Burn rate increasing
*De-Listing announced
*Investors,Financial Institutions, suffer heavy losses last two years
Final note: After all this to date, including
restructuring, they still pay rent for their main facility(headquarters) for what purpose?
We have learned much these past 6 months about Wall street, the SEC, Fanny-Freddy Mae,
Bernie Madoff, Citi bank, Ge, Auto makers, scams, swindles, Stimulus packages, Pork spending, as the Dow shows no confidence with new lows,and unemployment heading to double digits, but one thing remains with abundance.
GREED! If its cheap, and provides for some quick action, a gamble to strike it rich, than there will always be investors who can not resist!
Forget about Strong Balance Sheets, Fundamentals, or Statistics.
In the case of MRNA, forget about the pipeline,
but to the company, their Investors proved to be their best pipeline!
PROOF-26 YEARS OF EXISTENCE AND NO ACCOMPLISHMENTS TO DATE!
$0.1597 (10/24/08)
