The NYSE currently lists MFI in "BC" status (below continued listing standards). They are no worse off than they have been since Oct. of 2002, so I wonder who or what is keeping them listed on the NYSE. One must consider some kind of "back room" dealing?

The CNBC "StockScouter" rating for MFI stock has fluctuated between #1 and #4 out of a possible 10 during this period. I would suggest that they need to "adjust" their rating formula.

Leasecomm/MFI shares have been in a steady decline since they peaked at $17 in May of 2001, mainly due to their customer (victims) realizations that they had been scammed and then stopping their payments, not to mention that numerous lawsuits and several government investigations had commenced by then.

LC/MFI's problems reached a huge milestone in Sept. 2002 when they ran out of funding for originating new loans and they made the announcement in early Oct. 2002.

A few days later, when they fired 90 employees and replaced their CEO, the share prices really took a tumble.

Read the Boston Herald account by Cosmo Macero;

The first week of March, 2003 they closed down their prestige offices in Waltham and those who weren't fired moved to the converted warehouse office in Woburn, Ma.

The share prices continued to drop, and when they dropped below $1 they were warned by the NYSE that they would be de-listed.

Although the plan was never made public, they supposedly submitted their plan to bring the stock into compliance with NYSE on April 1st, 2003.

The stock continued to drop, reaching a low of $.37 in mid April.

Now, the obvious games begin, the "pumping and dumping" manipulations by the "day traders".

Watch the daily charts on Yahoo. Almost every $.10 to $.15 drop is almost immediately followed by a nearly identical pump, creating a sawtooth pattern. No apparent explanation! Who's playing games?

To this day, for the past 19 months, they have been unsuccessful in securing funding for new business.

Everyone's waiting for the other shoe to drop in the government investigations, not to mention the huge class action lawsuits that are steadily progressing

If you're thinking of investing in this company, you should see what you're getting into first.

check out;

Criminal Methods (modus operandi)

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Smartmoney be sure to click on the "insider" tab and note that insiders have been steadily dumping for the past 2 years.

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