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When an RS is done without a commensurate reduction in the AS, then it is facilitating increased dilution. PPS will only get worse.
From the 14-C AMRR filed last month they are going to: "increase the total number of authorized capital stock from Seventy Million to Two Hundred Twenty Million shares, consisting of Two Hundred Million (200,000,000) shares of Common Stock and Twenty Million (20,000,000) shares of Preferred Stock." Also to "authorize the Board to effect a reverse stock split of the issued and outstanding shares of Common Stock."
https://www.otcmarkets.com/filing/html?id=16218187&guid=HlG-kWlPRumSKVh
Ugh, ugh
Ugh. Ok. I’ll play.
What is you valid reasoning for think this will go sub penny?
When I said this was going sub $3, what happened? When I said this was going sub $2, what happened? When I said this was going sub $1, what happened? Get ready now for sub- penny. Just a matter of time.
Stupid question..really...as if it's true? As if somebody believes it or world answer it?
Sub penny? Just like they have zero revenues?
For now, sure. But again, fundamentally there is a $4 million market cap with $50+ million in revenues.
I continue to love the setup.
We aren’t talking about a penny pump Chinese stock here, that was OBVIOUSLY a pump and dump.
American made here baby!
This still should be ok..bomo cruded the bed today
Well that’s thing. Fundamentally there is still monster upside.
And that is what the game is about.
Great Post.
If I get .30 on a 700k floater with $60 million in annual revenues, and contracts with Google, AT&T, the Atlanta Braves and so on…
I will gladly take my chances.
Holy Smokes, that is for sure Buy and Hold.
And with the fundamentals it will only go down so far.
Just keep an eye on the fundamentals. That is what matters at the end.
Yes. The current float is only that.
Bomo filed for reverse too..its at 0001 now
Oh please… Learning how to trade is one thing. Second, guessing the a PPS drop on almost every ticker? Come on man.
Follow the leader…
That doesn't matter and here's why: They filed a pre-14C today, which is why it's down over 40%, to "increase the total number of authorized capital stock from Seventy Million (70,000,000) to Two Hundred Twenty Million (220,000,000) shares, consisting of Two Hundred Million (200,000,000) shares of Common Stock and Twenty Million (20,000,000) shares of Preferred Stock." Also to "authorize the Board to effect a reverse stock split of the issued and outstanding shares of Common Stock." Dilution machine on the way.
https://www.otcmarkets.com/filing/html?id=16218187&guid=HlG-kWlPRumSKVh
700k IS the float?
If I get .30 on a 700k floater with $60 million in annual revenues, and contracts with Google, AT&T, the Atlanta Braves and so on…
I will gladly take my chances.
Meh, would be a sick add though. Already have bids placed down there. as long as they continue to build the company… with the annual revenue currently tripling the market cap.
Upside continues to be there.
Ya know instead betting on a Chinese known pump and dump.
Risk vs reward is always a thing to keep in mind.
.38 is a nice support level. Who knows if it will hold though? They may need a bigger RS for an uplisting.
Downtrend continues. PPS drops under $1 three trading days in a row.
I know, right. Ihub has completely fallen off the cliff
AMRR in a downtrend, not a dip.
Look at the chart.
Ugh, AS being raised by 400%
Hmmm, I am sure there are smaller ones. Though, do those tickers have the revenues and board backing them?
This was the best share structure in all of the OTC?
It’s not a retail killing RS. There’s a difference…
1000-1 vs 2-1 very different
Not smart trading, maybe you can them back.
@ 1.20 you will still be ok
PPS dipped under $1 two trading days in a row now.
Shares sold for .88 last Friday
Gtsm continues to short this thing….
That is for the uplist…. Nice try though.
Ok here is the latest:
-New company name- MBG Holding Inc
-RS could be as small as 2-1 or as large as 10-1, and no later then 10/31/2023 for IPO
-AS raise to 200 million (Common shares)
-company did not make their first loan payment. They are renegotiating the deal.
No one reads anymore….
Great earnings and uplist by 10 months. I imagine it will be in Q1. The ceo wants to be on a real exchange
I agree. She obviously didn’t read the 8k/a
It is illegal to make false claims like that but obviously hardly gets enforced
I really hate message boards
That’s why I stay off most times.
There is always the DA
Look at the revenues here!
But the deal fell through. Goodness. What a DA
Exactly and $37 million fir the year so far. I can’t wait until we get off the otc dump
10Q is out
Yeah the deal fell through says the DA…
That’s why they are showing 13mm rev
Where did you read that? Please provide a link. Thanks
Wow. They amended the purchase agreement!
$100 done!
No more preferred shares!!
Bring it studly
Thanks long face
How is that inflation deflation stagflation going for you
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