Subject of 4 reverse stock splits of their common stock over the last 4 years, the penny stock of Mission Mining Company (MISM) is on the hunt for some money as it attempts to uplist itself off the pinksheets and onto the OTCBB. Having reportedly begun the process roughly one month ago by hiring Matthew McMurdo, Esq. to assist in the drafting of the Form S-1, MISM stock hasn’t seen the performance one would have expected, dropping from 0.25 in mid May, 0.13 in early June, and closing at the LOD on Friday. While the future entails the Company leasing, mining, and operating the El Dorado Mine from Colten Metals LLC, the share price seems to be mining its own hole after gaping +0.015 to 0.06 at today’s open.
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MISM Stock Quote
Market Cap: 2.51M
Last: 0.063 ▲ +0.018 (+40.00%)
Dollar Volume: $20,811
Issued and Outstanding: 39,986,974
14-Day Rel Strength:
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To help the hype machine behind Mission Mining, the Company announced today that instead of filing a registration statement on Form S-1, with the intent of selling registered shares of the Company’s common stock, it was decided that it would be in the best interest of the Company’s shareholders if Mission Mining voluntarily made itself subject to full reporting under the Securities Exchange Act of 1934, as amended, without the dilutive effect inherent in a registered securities offering. What a concept considering that filing an S-1 would cost close to $100,000 which Mission surely does not have.
According to the March 31, 2013 unaudited Q filing listed on OTCMarkets, Mission had just $43 in the bank, $79 less than what they had at the start of the year. for obvious reasons, no mining activity has commenced on their supposed $400 million mining claims Mission is carrying on their books.
Barristas Coffee (BCCI) came out with some similar statements about uplisting their stock and hiring attorneys and auditors nearly 18 months ago. Like MISM stock will be in 18 months, BCCI stock is still on the pink sheets.
Having done its job in setting up a website which is addressed to encourage investment and nothing less, Mission Mining has as good a chance of mining for gold, silver, platinum, other rare earth elements or even recyclable plastics as Xumanii has in broadcasting the next “We Are The World” tribute to save the migrating birds which are being forced to warmer climates due to the melting of the polar ice caps.
About MISM Stock
Mission Mining Company is a development stage company focused on the acquisition and development of significant U.S. gold, silver, platinum group metals, and rare earths mining properties and placing them into full production.
Last 5 Trading Sessions:
MISM stock is avoidable for all intents and purposes for those in the penny stock trading industry. With the lack of volume and appeal to investors from a productive point of view, the gains on MISM stock are about as good as you can expect. Too bad you didn’t own shares at the close on Friday.
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