Your synopsis doesn't sound all that encouraging...
No, I almost forgot all about this one. I was interested in M101, which was going to merge here, however, I believe they went out of business, abandoned their projects and sold the shell, which then became XITO. I have not looked into it since, so I have no clue what this is, I just know it has a pretty fat share structure.
Are you involved with XITO?
Any hope for this one?
You still involved?
President Added: John Floropoulos
Replacing Shrikumar Vasant Mordekar
Secretary Added: John Floropoulos
Replacing Ronald Paul Cartey
Treasurer Added: John Floropoulos
Replacing Tham Soon Hua
Director Added: John Floropoulos
$XITO: 300k traded today......... now $0.04
Getting some attention now.
Someting in the works
I'm only aware of how to embed YouTube videos in iHub posts, not sure if it can be done with other type of videos, ie Facebook, Vimeo, etc.
Directions are here:
cool, how do you post videos so they show when the post opened?
This has got to be one of the thinnest 760M o/s tickers on the OTC market, doesn't take a lot to move it at all.
This has been a bit of a disappointment thus far but it's probably primarily because the official acquisition of Meridian 101 (private) has not occurred yet, so the company has not yet done any press on their OTC listing.
Anyone who followed the Malaysian TRON(TGRP) merger, will see similarities this this one and that one. TGRP also changed their name, symbol and business description on OTC Markets long before the company had actually merged into it.
They said the acquisition of M101 would occur within 6 months back in December, so we maybe getting close, once the deal is completed I think we'll see some more interest here.....hopefully.
Looks like M101 will be working together with Hasbro in a join venture, the hotel in the M101 Bukit Bintang building will be the worlds first 'Monopoly Mansion'.
You mean descent , just flip your chart upside down and magically it looks excellent.
Just tracking it to see what their plan is. I don't like those massive FS Plays at all. GL2U
Yeah, lots of shares went through at .04. Got some more myself.
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On December 22, 2017, M101 Corp., a Nevada corporation (“MOZO”) entered into a Heads Of Agreement with Meridian 101 Degree Sdn. Bhd., a corporation organized and existing under the laws of Malaysia (“Meridian101”) to explore and negotiate in relation to a proposed acquisition by MOZO, which may involve, but not limited to, the assets or equity interests of Meridian.
Meridian 101 is the beneficial owner of a freehold land located at Jalan Kamunting, 50300 KL and the developer of Meridian 101 Dang Wangi. The subject property is found in an area popularly referred to as “heritage row”. It is located within an established commercial area developed with high rise and medium rise residential, office building as well as shopping complexes.
Meridian 101 owns the assets, which are located within the Meridian 101 Dang Wangi project):
- Private car park office at ground floor;
- 12th floor for the office and lobby;
- Private function room on the 24th floor;
- Private AV room on the 24th floor;
- Private terrace on the roof top (25th floor; a 3-story glass house for sky bar is still under construction); and
- An automated/mechanical car park with 120 bays.
The parties expect to determine the terms of the acquisition and complete the transaction within the next six (6) months. The acquisition is subject to additional conditions, including completion of a satisfactory due diligence review of Meridian 101’s assets, operations and financial statements and approval by MOZO’s Board of Directors.
Dato Yap Tinga Hau and his wife, Datin Chan Heng Si, are officers and directors of MOZO and are members Meridian 101’s six-member Board of Directors. Dato Yap and Datin Chan are also the sole owners of Vertical Meridian Sdn Bhd, a Malaysian corporation, which owns a sixty-five percent (65%) stake in Meridian 101.
Wow, great news. Nice find!
100k bid at .13
I'm cautiously optimistic as well, I absolutely love the company, their projects and potential, I think there is more potential here then with any other ticker I'm currently watching.
However, I'm not a fan of the share structure at all, I think that big f/s could end up being a huge mistake. It should still be able to run to a degree, but will always be limited by that massive o/s IMO.
It's a shame because the shell itself had such a sweet o/s, they could have done a small 10:1 f/s and this would have been perfect.
Yeah I saw him as well so once he went to .149 I though I’d take them.
I may add if it drops lower but will be cautious for the moment.
Glad to see someone take out Eturd, he was bouncing around on the ask all day with that 7200, usually when you see that they eventually just whack.
Big bids are coming in at .14
Another good video here, sound isn't the greatest but it highlights one of the nice things about M101, that they can sell as they build. Unlike say an auto manufacturer, who has to build a car first, eat all the initial cost and then sell, M101 can sell in advance whilst construction is still going on.
Here they sold a $20M USD block of SOFO and/or residential apts in M101 Skywheel to ReMax in India last month.
Wonder if they requested that symbol or someone at FINRA was actually clever enough to come up with it....lol.
In any case, yeah I agree, bet we'll start seeing some updates pretty soon.
Nice, and you did some smart thinking yourself. Expect some updates after name change.
Interesting interview with the founders of M101 from back in 2015, when the company was still fairly new. They talk about their business plan and 5 year goals for the company. One of their goals was to get 'listed' as on a stock exchange, so this is something they have been thinking about for several years.