MPWE - Our Next Super Sub Penny Bouncer

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This pick, like the rest of our picks, is a bottom play. If the company decides to dilute, one of its debtors feel they need to convert their debt, ect ect then we might not see a bounce. I feel that this stock has been under accumulation, even with the recent drop in share price. $.0004 is a great price to get in. The stock ran to $.0015 a little over a month ago from $.0006 on a small amount of volume. Once again volume will be the key. If we can get some volume there is no telling where this stock will go. The ask is thin and support is at $.0003 so we have no place to go but up!
This is one of our first stock picks that actually has up to date filings with the SEC. Feel free to check them out here this is their 10QSB filed on May 15th 2007 http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001377742-07-000014&Type=HTML
If the link does not work then PM me and if your nice I'll send you the document.
Here is some relevant information on the company:
We had cash on hand of $ 597,110 as of March 31, 2007
They erased over $1,000,000 of convertible debt from the last quarter
Gary F. Kimmons, President/CEO/CFO; Kathryn Kimmons, Secretary

Outstanding Shares: 212,867,688 as of 2007-05-08
Estimated Market Cap: 106,434 as of 2007-06-25 (based on Outstanding Shares as of 2007-05-08) Number of Shareholders of Record: 186 as of 2007-04-02
Address:2602 Yorktown PlaceHouston, TX 77024USA
Business Description:M Power Entertainment is creating an advanced lifestyle information/ entertainment portal (project name "Doorways") designed to offer an enhanced form of interactivity and support for today's visually-oriented web surfing community. Doorways will also serve as a central forum for New Media e-commerce B-to-C product marketing, customer support and distribution. We are acquiring successful technical and entertainment production companies who can assist us with Doorways development and will use it to create and sell entertainment content.

Please do your own DD. this is a risky play. The company states that is does not have the funds to continue as a going concern for the next 12 months. What does this mean? This is not a long term play. Do your DD and if you like this stock - Buy - Play the Run - and lock in profits. Don't fall in love with it.
It has popped the last two months. We think it pops again this could easily be a 100% - 200% gain. If it runs to $.0015 then it will be over 300% and rival our PMCL call.
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