My guess is the buying is still US-based and will continue until developments related to the strategic plan give MPO a momentum of its own. It doesnt matter what assumptions you apply, MPO is ascribed negative value for its assets. It has new management and a new plan is being formulated.There are clearly a few different permutations than may arise from this process, all of which it is reasonable to assume either short or long term, will result in some value being restored.
Its an exciting time for a turnaround
G'luck
MPO Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
