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Lost my total investment after the split. This was by far the biggest scam I’ve ever seen!! These activities should be illegal......
Well, at $0.0474 price, divide by 5,500 (reverse split ratio) to get the pre-split share price of 0.0000085.
And MLCG will continue to dilute this bloated pig into the ground......that's why they left the share authorization at 15.5 billion shares when they did the 1:5,500 reverse split.
Maybe the CEO will put out another press release claiming "record sales" and then put out financials that show absolutely $0 sales, and hope investors and regulators don't catch him.
My 1.5 mil turned to 260 shares i cant sell it because i would to pay the bank fee
Yea most of us are here with 1 or 2 shares due to a reverse split not to long ago - This will be a trip stock before long. First though I would not mind some buyers really quick at 6.95 a share so I can get out of mine lol
MLCG - pretty much worthless company
No revenue, no sales, almost no real assets.
Just $4 left in its coffers.
and over $3.7 million in liabilities....ouch.
Did they dump all those vehicles, too?
Thought someone would by this yesterday - Maybe today :)
Just looks like poop on my watchlist lol
same here. sweep it under the rug, move on.
I got 1 share of this and until it reaches 6.95 - I would pay more in commissions to sell it lol :)
Yus beware !!! You’ll never make a cent buying MLCG.
Beware of scammer sites like that. MLCG has no money, no revenue/sales, no actual operating business as can be seen from financials.
You may also see that there can even be manipulative painting of the tape on close with a tiny number of shares to make it look like there is buying interest. There is none.
ML Capital Group Stock Forecast: up to $1123.070! - MLCG Stock Price ...
https://walletinvestor.com › stock-forecast
Can someone explain this to me
ML Capital Group Stock Forecast: up to $1123.070! - MLCG Stock Price ...
https://walletinvestor.com › stock-forecast
How many reverse splits allowed by otc is acceptable
For me to get rid of this just the commission inam in the hole
another reverse split coming, as MLCG continues to dilute the equivalent of 100 billion pre-split shares and dilutes current investors into the ground.
They did a 1:5,500 reverse split, but kept the share authorization at 15 billion shares.
It looks like MLCG is fully aware of and plans to dilute continue to dilute investors into the ground. Run away fast from this no-revenue, no sales, flat broke company.
MLCG continued tanking post-split on dilution concerns
just divide current share price by 5,555 to see what the PPS would be pre-split.
Trading around $0.00002 on a pre-reverse split adjusted basis. No revenue, no business operating....oh my!
Okay MLCGD we need to get to over $7 to pay for the commission of the one share I have lol
lol - I thought I sold this off - Got one share today somehow lol
Did CEO lie in 2017 fluff press release - oh my!
Did he pocket the cash himself or just not report it? If not, then where did the revenue from their "sold-out" tour go? LOL
MLCG is pretty much flat broke, and has been diluting as fast as they can, but not many buyers at these high prices. Many retail investors couldn't even sell until their brokerage houses completed the reverse split and release the new shares for trading.
Looks like MLCG will continue to dilute investors into the ground, since they kept share authorization at 15 billion shares.
They have no cash and no sales/revenue, despite claiming they would have "record" revenues. Check their financials. They had $0 sales/revenue.
Check out the excerpt from the 2017 annual report, which showed $0 in revenue/sales.
Revenues: 2017
Product sales - (none)
Costs of goods sold -
Gross Profit -
Yet, MLCG indicated it has "record" sales - apparently that was completely false. Who siphoned all the cash from the company?
Except:
MIAMI, March 7, 2017 /PRNewswire/ --
ML Capital Group, Inc. (USOTC: MLCG) today announced that the Company has sold out its first ever luxury cannabis tour scheduled around the upcoming Denver 420 Cannabis event. In January this year, together with Spanish Peaks ScrumpDelicacies and Puration, Inc. (USOTC: PURA) as co-sponsors, MLCG announced its official sponsorship of the Denver 420 Fest 2017 (http://www.denver420fest.com/ and its first luxury cannabis tour in Colorado in conjunction with the event. As of today, that luxury tour is sold out. The sellout tour adds to MLCG's record 2017 sales track record. MLCG recently published a management presentation detailing a preliminary $1 million 2017 forecast based on its historical $400,000 in existing non-cannabis luxury tour annuals sales in combination with the recent introduction of its new cannabis tourism
Or the opposite depending on what direction they may take. You know the game..
Then another reverse split could be in the works. With no revenue and basically no cash left, it could happen.
Hope to see a low trip zero price in the late Fall.....
0.0602 share price - tsnking
If one divides that by the reverse split ratio 5,500, the pre-split price equivalent is 0.0000184.
That's less than 20% of the price it was trading at prior to the reverse split.
and dilution may be ramping up because of all the toxic notes. Unfortunately not many buyers at these high prices.
They still have 15 billion shares authorized, so they will likely dilute the equivalent of a few hundred billion more shares on a pre-slit basis.
Hope to see it go down to very low trips in the Fall....
MLCG tanking post-split
just divide current share price by 5,555 to see what the PPS would be pre-split.
Trading around $0.00003 on a pre-reverse split adjusted basis. No revenue, no business operating....oh my!
I sold this one before the split but I did get caught in the SPO*D and they charged me $38.
Strange though because I actually have 2 accounts (one moved over from ST) that had shares in them and they only charged me for the split on one, the other had no charge.
TDA has never charged me a penny for a R/S. Just went through one today with SPOMD and no charge. Is this a first for you or have you been charged for other splits as well?
I was charged 38 as well. That's some bs.
The profits went " Up in SMOKE " when they made it to Colorado....so I think !
Wtf me too what is going on a company does a reverse split and i get burned on it and i have to pay 38.00 wtf
Did CEO lie in 2017 fluff press release - oh my!
Did he pocket the cash himself? If not, then where did the revenue from their "sold-out" tour go? LOL
MLCG is pretty much flat broke, and has been diluting as fast as they can, but not many buyers at these high prices. Many retail investors can't even sell until their brokerage houses complete the reverse split and release the new shares for trading.
Looks like MLCG will continue to dilute investors into the ground.
They have no cash and no sales/revenue, despite claiming they would have "record" revenues. Check their financials. They had $0 sales/revenue.
Check out the excerpt from the 2017 annual report, which showed $0 in revenue/sales.
Revenues: 2017
Product sales - (none)
Costs of goods sold -
Gross Profit -
Yet, MLCG indicated it has "record" sales - apparently that was completely false. Who siphoned all the cash from the company?
Except:
MIAMI, March 7, 2017 /PRNewswire/ --
ML Capital Group, Inc. (USOTC: MLCG) today announced that the Company has sold out its first ever luxury cannabis tour scheduled around the upcoming Denver 420 Cannabis event. In January this year, together with Spanish Peaks ScrumpDelicacies and Puration, Inc. (USOTC: PURA) as co-sponsors, MLCG announced its official sponsorship of the Denver 420 Fest 2017 (http://www.denver420fest.com/ and its first luxury cannabis tour in Colorado in conjunction with the event. As of today, that luxury tour is sold out. The sellout tour adds to MLCG's record 2017 sales track record. MLCG recently published a management presentation detailing a preliminary $1 million 2017 forecast based on its historical $400,000 in existing non-cannabis luxury tour annuals sales in combination with the recent introduction of its new cannabis tourism
Looks like all the retail are selling and that’s a good thing. Cleaning house is a good thing. Bacon is a good
Not sure. Best guess is their last-reported outstanding shares (7,097,941,082 as of March 31, 2018) divided by 5,555 (split ratio), giving 1,277,757 shares out, with 15 billion shares authorized.
There may be a lot more than that, though. MLCG has been diluting billions and billions of shares, but apparently they have tons more convertibles left to dilute, with $0 sales/revenue and no apparent operating business (despite the lies from the CEO claiming "record" sales projected).
Unfortunately for many investors;they may not be able to trade for a few days to a week, trapping them while others are dumping ahead of the majority being able to trade the R/S shares again.
What is the share structure after r/s?
I have been charged a $38.00 fee imposed by MLCGD for the stock split. I was told by TD Ameritrade that the fee is the same for all shareholders whether they have a few shares or a lot of shares. Anyone else find this out yet?
Glad I got out with my 180 shares at .25 Not the best situation.
Almost all dumping today, and the bid is dropping fast.
Might not take long to go right back to trip 0's, especially with all the toxic death spiral financing in play.
Doesn't help that the CEO was hyping "record" sales, but later admits they has $0 sales.
I was lucky and got out of mine for .25 taking a 50%ish loss but at least I am out
1 for 5,555 reverse split
Dilution nightmare. Note that MLCG kept the share authorization at 15 billion shares, so they could dilute this down to $0.0001 again.
Dump-fest, except almost no buying interest at these high prices.
Nice Jump today to .55 :) - On another note now only in 180 shares from 1 milly. Is anyone making a new board for the new symbol mlcgd.
MLCG: effective July 20,2018 a one for 5,555 reverse split:
http://otce.finra.org/DLSymbolNameChanges
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“This partnership between MLCG, PURA and Spanish Peaks is a sound strategy for every participant, and an opportunity for the shareholders of every participant to take part in the history making and money making transition from an illegal marijuana market to a legal one.”
Global travel is growing by leaps and bounds, and at the same time splintering into a seemingly endless number of extraordinary diverse market segments. In 2000, international travelers number about 600,000,000. In 2015, the number of global travelers reached 1.2 billion. Travel industry sales topped $2.1 TRILLION in 2015 and travel sales are expected to reach $2.5 TRILLION by 2020.
The massive, overall travel sector is segmenting into super specific sectors characterized by travel trends that include, for example, not just travel for women, but travel for women in India; not just mindfulness travel to include yoga and meditation sessions, but African safari, mindfulness travel. Millennials in the travel industry are likely to be called “Roamies” – co-living nomads traveling around the world while co-living within a consistent community that all travel together. One of the faster growing travel segments includes history hikes across the Middle East. Theme park vacations are continuing to become more and more popular in Asia. And the segmentation diversity goes on. Cannabis tourism is hardly a stretch.
A consistent, yet underserved theme that crosses every travel segment is that sub-segment of travelers looking for luxury treatment and accommodations whether on safari in Africa or on trek across the Middle East. ML Capital Group has zeroed in on the luxury sub-segment and already operates a luxury tour service in Hawaii. ML Capital Group has also recognized the expanding role of mobile technology within the travel industry and launched a dedicated initiative to build a mobile brand.
As a young, entrepreneurial company dependent on access to investment capital, it is simply practical to identify popular investment trends, and if possible, integrate popular trends, where appropriate, into the overall business strategy. The cannabis sector is certainly hot and not by accident, or misplaced enthusiasm. Face it, cannabis has been a multi-billion dollar business in the United States for decades. It just hasn’t been a legal business. By comparison, alcoholic beverage sales in the US before the end of Prohibition in 1933 were large and colorful enough to inspire Hollywood scripts that have yet to stop coming, and the growth of the legal alcoholic beverage sector continues to grow today over eighty years since legalization. There are, no doubt, fortunes to be made in becoming part of the transition from illegal marijuana commerce to legal.
Taking a page from the super-segmentation of the 2.1 trillion travel industry, let’s not underestimate the segmentation potential of the marijuana industry. It’s not all about smoking weed. In fact, smoking weed will probably be only a fraction of the overall cannabis sector. Cannabis infused cosmetics are already on shelves. “Edibles” as a category can’t begin to represent the vast diversity of cannabis infused products for human consumption that are already hitting the market. Let’s not overlook all those weed t-shirts or the high-end clothes actually made from cannabis fiber. Again, with the far-reaching subcategorization potential of both the travel industry and the cannabis industry, luxury cannabis tourism is hardly a stretch.
While you might agree that luxury cannabis tourism is a viable business opportunity, you might still be asking how does acquiring a cannabis infused beverage company contribute to MLCG entering the luxury cannabis tour business?
Consider the vineyard tours in Napa Valley or Tuscany; Picture the distillery tours in Scotland or the brewery tours in Bavaria. This should give an idea of the magnitude of the opportunity MLCG plans to build into Colorado’s $19 billion travel market with the help of Spanish Peaks ScrumpDelicacies and Puration.
As an industry, however, cannabis cultivation and production has a long way to go in regard to becoming a universally attractive tourist destination. Having evolved from clandestine grow room operations, today’s legal cannabis cultivation and production operations may be interesting, but probably not exotic or anywhere near a typical “luxury” destination.
Now is the perfect time for MLCG to get involved with Spanish Peaks and PURA. Earlier this year, PURA and Spanish Peaks entered into a $1 million collaboration agreement to produce a line of cannabis Infused beverages. In conjunction with the agreement, Spanish Peaks conducted a cannabis beverage naming contest and announced the contest winners on October 21, 2016:
Since the contest, Spanish Peaks has worked to establish brand name trademarks and to develop beverage formulations. With MLCG getting involved at this early stage, the Spanish Peaks and PURA production facilities can be designed with luxury tourism in mind. Consider the Napa Valley comparison one more time. Nearly 25% of Napa Valley wines - almost $1 billion in wine sales - are sold to customers directly at the vineyards. That’s selling wine to tourists.
This partnership between MLCG, PURA and Spanish Peaks is a sound strategy for every participant, and an opportunity for the shareholders of every participant to take part in the history making and money making transition from an illegal marijuana market to a legal one.
While the Luxury Cannabis Tours offering will start in Colorado, additional Cannabis Tour locations, to include destinations outside the United States, are already in the works. Stay tuned.
Market Value | $2,554,224 | a/o June 10, 2016 |
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Authorized Shares | 5,010,000,000 | a/o June 10, 2016 |
Outstanding Shares | 1,216,297,221 | a/o June 10, 2016 |
Float | 1,096,716,070 | a/o June 10, 2016 |
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