In a news item yesterday, I linked to an SEC filing from “Makism 3D Corp.” (MDDD) and noted that the company ”appears to be entering the 3D printing space“.
I gave no personal opinion on the company and their SEC filing other than the following:
“At this point there is very little information available for me to make an informed investment decision regarding Makism 3D Corp. (MDDD). This is an acquisition of a development stage company with no meaningful sales reported to date. Makism 3D Corp. is thinly traded and unknown.”
“Disclaimer: Due to the many unknowns about the company at present, I recommend investors seek advice from an investment professional prior to making any investment in Makism 3D Coproration. See sidebar for full disclaimer.”
In their SEC their filing from 11/4/2013, MDDD stated: “At the closing of the Exchange Transaction, we will have 59,210,000 shares of common stock issued and outstanding”.
Already at $5.00/share at the moment, MDDD has a market capitalization of nearly $300 million for a company that has no revenues reported to date.
12/16/2013: Trading in Makism 3D Corp. (MDDD) halted by SEC for alleged promotional campaign (“pump and dump”)
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Gary Anderson……..Follow me on Twitter: @3DPrintingStock