InvestorsHub Logo
Followers 26
Posts 1180
Boards Moderated 0
Alias Born 03/08/2012

Re: TONY55 post# 34564

Wednesday, 06/21/2017 5:38:49 PM

Wednesday, June 21, 2017 5:38:49 PM

Post# of 61155
I agree with Marxbys. Revs/profits are the key. When the acquisitions of Neurofuse & Blackfox are complete (and possibly another social networking site) - then the company will build them out to synergize and compliment one another. And hopefully the revs will increase quarter over quarter.
When all is said and done, we may be looking at around 1.2bil OS. We've seen the past 2months what effect these diluted shares have, so we still have a rough road ahead.
The CEO has said on a couple of occasions of his intention to uplist to the NASDAQ. One of the standards for that is a Bid of at least $4 (there are some exceptions). Well you can see with this SS, it is unlikely MMEG can meet that requirement -- it would require a HUGE revenue stream.
A way to fix that is to improve the SS. One way is a R/S. The CEO has said in the past he will not entertain a Reverse Split because of its adverse impact. The other option (which I'm hoping for) is several phases of share buybacks and the retiring of those shares. In order to have the $$ do accomplish this, again, it all hinges on revs/profits.
If revs/profits are good [and improving quarter over quarter] AND they implement a share buyback & retiring those shares ... then as the Ford commercial says: "This Changes Everything!"

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.