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GAMZ registration revoked:
https://www.sec.gov/litigation/admin/2019/34-85416.pdf
GAMZ SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81578.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81578-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-81577.pdf
Where is this from?
Company has released announcement of the following:
Gamzio Mobile Inc. (GAMZ) has signed letter of intent with large Chinese development company for 50 Percent Stake in Company.
Gamzio will receive a one time payment of $7,500,000.
All key employees will stay and have been given option to purchase additional shares.
HOLY SHIT CANT BELIEVE THIS
Lets go a different route, needs a sexy story, needs life into this company, keep the game in a subsidiary and move into the new business strategy, MJ.
I just got this in a newsletter http://gamzio.com
and apparently there is a research report out on it http://www.l5research.com/research/initiationgamzcoverage/
Marine Drive Mobile Corp., MDMC changed to Gamzio Mobile Inc., GAMZ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/14/2013&mkt_ctg=NON-OTCBB
Right after the RS, I called that number and left him a message. In 2 hours, he called me back. He is not a finance person, he can tell you about their products. But, that was 4 weeks ago.
Just my personal opinions.
I called and got a recording of a guy that does not say his name. The basic answering machine message, "Can't answer the phone right now just leave you name and number and I will get back to you."
Try the phone number from their profile in yahoo. I called that number 4 weeks ago, and they answered. Let me know if that works.
Still no website up. Is this company dead in the water?
Something is going on, I think the new CEO is just a bs. Just my opinion. Lets see what happens. GL.
Yes I saw that drop. Why would anybody sell at this point. I am sure most people are lucky if they have $500 worth of stock left. The amount of stock I still own is worth about $300. So if I lose this too. I will look at it like I took the family out for dinner. I still have faith in this stock. I just hope the new CEO can turn this company around like the CEO turned yahoo around. I did a little research on the Domain name and both Marinedrive.com and marinedrivemobile.com are under Colin Macdonald. They don't expire until May 4, 2015. I put a bid in to see if the domain names are for sale. This will tell me if they are planning on staying in business.
Did you notice that the ask drop to ·25 from 5?
I hope that is a sign we will be moving up. I guess let's see what happens today.
The website is still down and that is a bad sign. Even if they were redesigning the website most if not all companies have one page stating that the web site is under construction.
At least something today. Interesting.
This was a clear disaster. IMO anything promoted by Preffered Penny Stocks is an absolute scam or headed in that direction (PWE*, PBC*, etc.). Sorry to all that got boiled alive. Hopefully some good can come out of it for you in another penny.
I really don't know. But my take on it, is they haven't really done anything after the golf program. I thought they were going to move forward with opening a new office in New York. That never happened. Since then nothing. They do seem to file correctly and at least they didn't dilute the stock like other penny stocks I have and currently own. To me it sucked that they did a reverse split. Less shares now and stock price dropped a lot. My value is only a few hundred dollars now. I wish they would give out a PR telling the share holders something. Even if it is only we are still in business. Right now we just have to sit here and wonder. That is how I see it.
Me too, i am done with these s@#%&. Between this one and other one, i am down almost 12k. For this one, i felt like scammed. Do you think some company from India, or some people from india bought them out? I actually called their office after the rs, some one answered, and said they are still in business. One really interesting thing is, they have filled proper filling so far, i think. What do you guys think.
These are my opinions.
If I can ever get out of this and my other failed penny stock which I feel your pain because between the two I am down 28k. I will retire from playing the penny market. I guess lesson learned...
Yea i had poured over $20k stupid as all hell right before it took its big dip....so now for measly hundreds its not worth selling its worth totally waiting it out i believe the "D" shoul be down in another 15 or so days i think its up for a standard 30 days.
I agree. It is not looking good. No website and I even tried to call but only get voice mail for Barry Forward. I guess since I have held this stock this long, might as well wait and see what happens. I can only lose a few hundred more.. Do you know when the "D" is going to be removed from the stock symbol? I just hope we don't ever see the letter "B" added to the end of the stock symbol.
Damn this is really annoying im still hoping for the best here bc i have invested a lot in this company i really hope its not some shell because they were really doing some good things in 2011-2012.
Is the website for Marine Drive Mobile Corp down? I haven't been able to get to it.
that definitely leads us to some uncertainty.....
I copied this from Yahoo Finance;
"Change in Directors or Principal Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Resignation of Officer
Effective September 12, 2013, Colin MacDonald resigned as President and Chief Executive Officer of the Company.
(c) Appointment of Officer
Effective September 12, 2013, the Board of Directors of the Company (the "Board") appointed Monika Sagar as Chief Executive Officer of the Company to fill the vacancy created by the resignation of Mr. MacDonald.
Monika Sagar has been a director, Chief Financial Officer and Secretary of the Company since inception in January 2007. After obtaining a B. A., Political Science, (1996) from Punjab University Ms. Sagar worked in a variety of administrative positions. For the past five years Ms. Sagar has held administrative and loan officer positions. From 2001 to 2002 she served as an Assistant Loan Officer with HSBC Bank. From 2002 to 2004 Ms. Sagar was a fulltime student obtaining her M.A. in Political Science from Punjab University in 2004. From her graduation in May 2004 to the present, Ms. Sagar has been employed by Standard Chartered Bank as a Customer Care Executive, supervising the processing of personal loans for real and personal property. Since 2004 Ms. Sagar is also continuing her education on a part time basis, working on an MBA degree. From the Company's inception in January 2007 to August 2011, Ms. Sagar also served as the Company's Chief Financial Officer, Chief Accounting Officer and Treasurer.
Other than as described above, Ms. Sagar has not previously held any position with the Company and there is no arrangement or understanding between Ms. Sagar and any other person(s) pursuant to which she was selected as on officer of the Company. Ms. Sagar has no family relationships with any director or executive officer of the Company, or persons nominated or chosen by the Company to become directors or executive officers. There have been no transactions, since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which the Company was or is to be a participant and the amount involved exceeds the lesser of $120,000 or one percent of the average of the Company's total assets at year-end for the last three completed fiscal years, and in which Ms. Sagar had or will have a direct or indirect material interest. There is no material plan, contract or arrangement (whether or not written) to which Ms. Sagar is a party or in which she participates that is entered into or material amendment in connection with our appointment of Ms. Sagar, or any grant or award to Ms. Sagar or modification thereto, under any such plan, contract or arrangement in connection with our appointment of Ms. Sagar."
Seriously, are you kidding me. Just my F@#$%^& luck. This company is a F@#$%^& scam and I can kiss my money goodbye. Wow, I seriously thought they had potential, just to turn out be another scam.
These are my opinions.
I see the have a new CEO/President.
I wouldn't worry, with the reverse split when the outstanding shares were nowhere near the authorized they have obviously got some big restructuring going on
Is this company still in business? I have tried to get to Marine Drive Mobile Corp website with no luck.
yeah its just some folks bailing after the reverse split, reverse splits can be very uncertain times because you have no idea what the company's intentions are. MDMC's lack of dilution in the past makes me think intentions are going to be good here but who knows for sure.
Its because of the reverse split and the first bod was around .12 to get where we needed before the split is around $1 which should and will happen i believe on Thursday the ask was around $5.15
Haven't checked this stock in a while. Any clue why the big drop?
To be back where we were we need it to be .70 x 1.00 .. hopefully trades properly soon or at least once the "D" gets removed in 30 days. We'll see. have definitely seen a few reverse splits that actually have worked out for the better and increased the price substantially relative to the pre-r/s price, lets hope MDMC delivers. It is not a dilution machine by any means like a lot of companies that reverse split and dilute back down to zero and repeat so chance of success here is decent
It needs maybe a day or 2 to adjust
What exactly is going on here, no volume and N/A?
Thanks, but i am not as optimistic as you are, i doubt i will see any penny back, if lucky may be $30. Yes, interesting, i called them this morning, i seriously thought they are just a scam, somenone actually answered the phone. Not really sure why had to reduce the os to 658k? Do you seriously think $5? Are they developing anything new?
I believe we will see the stock in the dollar range. That will basically keep you at your $900 but i feel there is something going on behind closed doors. No dead company goes through a reverse split for no reason the work it takes is to much of a process if you are not legit. In many of their last documents they keep stating that many institutional investors can not invest in the company unless they are at minimum of $5/share. The restructuring of the shares is to increase the pps for the company from the Newley issued shares. This week or next week we should see how things will play out and turn out. At this point its best to hold your shares because as i said this is very interesting maneuver by MDMCD i truly believe they have been working in something and it must be big to go through all this.
Hi, i have a question for you. I bought this stock and holding for over a year now, and managed to ave down to ·03 and til yesteday i had 30k stocks. I knew about the rs and i didnt received any paperwork for the vote, but they already have 52%, so who cares. Up till feb, there were some activities in their website, for last 6 months nothing. Well, i am a f@#%&*& idiot: for buying this and holding, you seems know more than i do. Any thoughts what might happen, or i am outnof my $900? Thanks in advance.
Now the interesting stuff will begin and i believe good stuff
MDMC one for 100 reverse split:
http://www.otcbb.com/asp/dailylist_detail.asp?d=09/10/2013&mkt_ctg=NON-OTCBB
Good day today i believe some this week is when the reverse is supposed to happen. As stated previously there is something interesting brewing here because no scam or dead joke penny stock would go through this entire long process unless there was a silver-lining. In their past few reports they consistently talk about getting the new shares valued at a minimum of $5 in order for big companies in the market to be able to purchase shares of MDMC. I believe they will be coming out with some big news when the shares get restructured thats will make the company very attractive and promising to larger investment companies.
this is very true and also the fact that they don't seem to dilute one bit, clearly the reverse split is for other reasons.. ask @ .01 now
I agree. I see this a a good indicator that the company is still viable.
They are taking big steps and risks if they were a scam or not doing something important they would not be taking all these steps
I think everything is going to workout i feel to take this step to increase the market value by reducing the number of shares to stay on the market is good bc it shows the company has something they value and it could pay off
So what do you think of this reverse stock split?
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Market Value | $22,549,800 | a/o Mar 22, 2012 |
Shares Outstanding | 38,220,000 | a/o Jan 05, 2012 |
Float | Not Available | |
Authorized Shares | 250,000,000 | a/o Dec 31, 2009 |
https://www.facebook.com/MarineDriveMobile
May 30, 2012
For Immediate Release
Marine Drive Mobile Corp. (MDMC)
Marine Drive Mobile Updates on its Evolving Technology and Business Development Progress
San Francisco, CA -Marine Drive Mobile Corp. (OTCBB: MDMC) ("Marine Drive Mobile" or the "Company") is pleased to update shareholders on the corporate milestones that have been attained, the technology improvements that have been and will be implemented and the Company's on going business and growth strategies.
As the Company previously announced it has a JV with TapIn solutions and the Company has been engaged and developing TapIn's initial customer base into our system. At the same time, the Company has been re-calibrating its technology for the enterprise level, switching the entire platform to the .net framework. The Company is anticipating by the first half of June to have the first initial soft launch of the TapIn integration completed and the .net conversion finalized.
In the next six months the company is working on providing additional tools to the merchants to expand their reach to a whole new marketplace. Soon merchants will be able to offer SMS/MMS text and multimedia offers and deals to the public. Along this same timeline the Company is also anticipating that it will have an API (application programing interface) platform established to work congruently with existing email marketing platforms like Constant Contact. This will allow merchants and advertisers alike to keep their existing email clients and utilize the Company's tools to seamlessly offer deals and coupons to their customers.
The Company will be implementing various marketing strategies as well to help shape and grow its online asset to become a leader in offering deals to golf enthusiasts. Golf merchants and now distributors utilizing the eteeoff.com platform, have the ability to offer national campaigns in which local and rural entities never had. This introduces a whole new customer base to each merchant and continues to build eteeoff's standing in the golf arena. The Company has also started to receive positive feedback from the public, and recently discovered an independent article written by DailyDealMedia.com.
Colin MacDonald, CEO and President of Marine Drive Mobile stated,"I am very excited with our current progress and encouraged with the positive reactions that we are receiving from the industry and public. Our team has gone above and beyond my expectations and as a result our company is strategically moving forward in a pace that is not recognized in todays marketplace." Colin continued, "We are continually evolving our technology and constantly finding ways for making the online coupon space and our loyalty program even better for all merchants concerned. Our technology has a wide reach and we are anticipating a very favorable result from our efforts with our latest joint venture. Our sights have never been higher as we expand our company and do our utmost to deliver shareholder value."
ABOUT MDMC
Marine Drive Mobile Corp. (MDMC) is the brainchild of Colin MacDonald, our president and founder, and grew out of his vision to create a service that would become a disruptive force in the online coupon space.
Our mission is to transform the online coupon space by giving businesses a totally free online advertising platform that makes creating and promoting daily deals as simple as sending an email.
eTeeoff, our flagship product, was successfully launched to introduce golf industry businesses to a zero-cost advertising platform, enabling them to create their own daily deals with the ease of sending an email.
Marine Drive Mobile's revenue model is built on transactions, not percentages of sales. Since we charge consumers a small transaction fee for each deal, the merchant pays NOTHING. Using this system, the merchant is able to collect and keep ALL the money from the purchase when the coupon is redeemed.
The beauty of this model is that it inherently fosters a win-win situation. Consumers are able to secure excellent deals with little cost passed onto the merchants (since they collect the FULL face value of the sale and not a share of revenue). This in turn enables merchants to offer bigger and better deals without sacrificing their profits.
For these reasons, and due to the transactional-based model our technology is built on, we're confident we can take this growing industry in a thoroughly new and exciting direction.
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