MDM medical monitors limited

1st comes placement then .....

  1. 1,117 Posts.
    Pump and dump.

    Possible imminant pump and dump. Last year MDM did a placement at 5c and not long after was the superlative announcement of the deal with Gallery investments where heaps of BP pones were about to be purchased and also a payment of $960,000. 30 million shares were traded and the stock opened at 7.2c but surprisingly finished at 6.2c( placement takers at 5c dumping).

    Then there was a pump and dump which took the stock up to 10c and then MDM announced placement at 6.2c (placement takers again selling after the pump).

    Going on past history and placement takers having no intention of holding the stock MDM have probably given assurances of the recent 4c placement takers that they will be able to sell at a tidy profit very shortly. This is how MDM are able to get placements completed as normally no sane person(s) would commit $850,000 or $500,000 to a stock with MDM's past performances where they never seem to deliver to the deadlines that they announce to market.

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Currently unlisted public company.

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