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Contact all these other people that attended this event and let them know what kind of man Wang is and how he treated the shareholders who made possible the expansion of this company. Actually, if you take a little time to find out how to reach these people just post the information on this board and maybe other shareholders who look at this board might take some action.
https://translate.google.com/translate?hl=en&sl=zh-CN&u=http://www.cmp.org.cn/_d276427892.htm&prev=search
Hey Earnest, how come the scammers behind this stock have failed to come up with some kind of information that would keep them going on?
Very unusual that they cannot find something relevant that would be newsworthy to make shareholders believe that something big is going to happen! Maybe they all went to prison and there is no one left to provide any news--and by the way what happened to the CEO of this company whose picture and bio is included in the company reports.
Everyone involved seemed to have died..............maybe you should take a little time and dig some new information about the people behind this company--any news about any of them going to jail for some time or being fined by the stock exchange?
Hey LTO, it would be nice to have some of the former posters come back into this site and post some internet link to some relevant news about this company and specifically about Wang and Gong activities in China. A few months ago I contacted Billingsley to get some feedback and he mentioned some numbers that might indicate that this company has value but unfortunately there is nothing that he can do to help because there are no real avenues to go after Wang or the assets of this company--no filing has taken place in 3 years and "what happens in China stays in China".
I am sure that there must be some news about this company in the Kunming newspapers but unfortunately none of this board shareholders is Chinese and therefore no one has any relatives that could go and visit the headquarters of this company and make a report to those on this board who lost everything.
It seems almost like a bad dream that 2-3 years ago people used to post here with so much anticipation that things were going to get better and then Wang took the easy way out by leaving all the American shareholders with nothing because he knew that Chinese laws were on his side and it would have been almost impossible to go after him.
Hey bigcut, one thing that you are right on is the fact this stock is still trading. Evidently the SEC cannot follow every single sub-penny stock that has not filed a 10Q or 10K completed and certified by auditing firms.
By the way, can you provide on this board the name of the accounting firm and the legal firm that this company uses? Maybe you should contact them and find out first hand what is going on with MRES?, and post the result on this board--that would be the useful thing to do to help all shareholders of this stock.
Well bigcut, your comments on this board indicate that even though you have probably taken a big paper loss on this stock you are still alive in this stock and are under no obligation to take a definite loss until the company is delisted.
So what I am suggesting is that you try to make some big profits in other stocks this year and than you dump this one at the end of 2016 when the company finally gets delisted for failure to provide financials for more than one year! So try to put any new money on a "winner" this time so that you are fully covered to deduct the loss for this POS!
Of course, I am willing to provide some hope that those crooks from Canada are already planning the next move to prevent the SEC from taking any action by finally issuing a news release that this company might be soon purchased by some other company probably located in Spain or Russia and everyone will make big money. Hasn't that chain of events already happened to this company a few years ago..............??????????
Can either one of you call these phone numbers in Canada and Montenegro and ask for Pekovic, and find out what's up with this company.
Dr. Drasko Pekovic, Ph.D.
President of the Research Institute BioMedco
2550 Bates # 200,
Montreal, QC, Canada H3S 1A7
Tel.: + 514-340-9772
Mobile: + 514-812-2999
Maybe you might even try to contact the person below and find out if he is still working for this company as a Director?
Prof. Dr. Perko Vukotic,
Director of the Board of Directors,
University of Montenegro
Full time Professor, Faculty of Science
81000 Podgorica, George Washington bb, CG
Tel.: +382-20-264-551
Mobile: +382-69-450-686
Email: pvukotic@yahoo.com
You might even try this lady (see below) who is also a director of this company and member of the board. Maybe she will open up and tell you if the company offices in Montenegro are still open or if all operations have shut down!!!
Mrs. Mina Brajovic
Director of the WHO Regional Office
81000 Podgorica, Montenegro
Tel: + 382 67 210 033
Email: brm@euro.who.inc
Everybody these days speaks English if they are college educated in Europe, so you should have no problem getting some information.
Good luck!!
Hey bigcut is there some new, secret, unpublished, inside information that you have received from Montenegro or from Canada that can open up our understanding of what is going on with this "so called company"? Another big question--what makes you think that in Montenegro there is even a room that operates as the company offices? Have you ever made a telephone call to a number that is registered in Montenegro and which answers to this company? Remember that at onetime this company had offices in Russia, and was also going to be sold to some big Spanish company.
Of course, the good news is that sooner or later the Canadian scammers are going to come up with some new idea to make money by issuing some phony news release that will make this stock go up over 100% and will make some present buyers happy that they took a chance by putting their money on the winning horse! You will probably be rewarded if you continue to buy at the present triple zero price!
So Earnest, we have MRES that has not filed with the SEC since 2013 and it is still traded, whereas FCPG simply failed to comply with the extension of time provided by the SEC and was suspended. Of course, I know that the removal of FCPG from pennyland trading was really due because they failed to pay the marketmakers and the transfer agents and that spells disaster for any penny stock.
So, MRES can continue trading for ever without the SEC bothering about it as long as the fraudsters can pay the fees that keep the company listed. I imagine the people in Canada are not bothered right now because sooner or later they will come up with some spectacular news and they know that this stock will move up again.
http://www.sec.gov/Archives/edgar/data/1432254/999999999715010454/9999999997-15-010454-index.htm
Hey Earnest, no more short answers from you. Just do some research and tell me why MRES which does not file any SEC quarterly reports has never received any SEC warnings and it's still operating. I had a stock (FCPG) which was delisted by the SEC just because they were delaying issuing revised 10Qs and 10K. How come there is no record of any SEC warning to MRES on record.
Please provide some informative answer or ask one of your old buddies who was well versed in these matters to tell us why this company is simply continuing to exist unmolested by the SEC!
Hey pack, I am glad to see you back here just getting involved in whatever conversation might pop up on this board.
I have to tell you about another board--MRES-which involves a stock that has been manipulated for many years by scammers from Canada. The stock has been known by many different names, and you cannot imagine how many phony news releases have been issued over the years. If you look at the SEC filings for this company you will be wondering why the SEC has never suspended it or made demands about providing certified 10Qs or 10Ks on a timely basis.
I believe that when Wang was getting disgusted by SEC demands for refiling of certain quarterly reports, he was never properly advised that maybe there was a cheaper way to remain listed by simply providing limited information the way most of the penny stocks do in order to survive and stay listed.
I cannot understand why people like Doug and Greg did not take the easy way out of keeping this company going by selecting cheaper auditors and cheaper attorneys to handle the paperwork needed by the SEC. I imagine they wanted to do the right thing and never thought of an "underhand" way of pleasing the SEC to keep this stock going. I am sure Wang would never have dropped everyone off if he had not reached the point where what he owed attorneys and CPAs exceeded what he had in assets, and of course his Chinese advisors told him that it was better to leave everyone in limbo because there was no way for shareholders to go after him in Chinese courts!
Just take a look at MRES to see how that company has managed to fool the SEC and has remained alive with lies and gimmicks and has recycled its stock many times with the same MRES symbol but under different names.
Hey Earnest, remember that just because this company is a scam that does not means that you cannot make money!!!
Unfortunately, the price per share right now has gone down so much that even all the shares outstanding are not worth much. The relevant question to ask right now is what those Canadian schemers are up to? Sooner or later they will formulate something new to bring to the attention of shareholders and I am sure that some people who have never followed this company will fall into a trap and put good money in this stock. Selling one million shares at one cent is still worth ten thousand dollars to the Canadians--easy money in the pocket of the big scammers up in Canada.
I bet that all the operations of this company in Montenegro take place in one small room or in a shared basement that caters to different small companies. That building that you see shown as the headquarters of this company is just a graphic design that does not exist except on paper. The top man of this company and his wife live in Canada and they just do some other kind of normal medical work to make a real living and just follow instructions from the original scammers when some relevant action takes place.
From an email that I received months ago from Doug Billingsley when everyone was still hoping and believing that Wang would cooperate, it became clear that Wang was not paying anyone and was slowly distancing himself away from those who were helping him. I mentioned in one of my posts that neither Doug nor the attorneys had been paid and that Wang was simply distancing himself away from everyone who was willing to advise him properly. I don't remember if even the transfer agents had not been paid. And of course, although it had not been mentioned, I must assume that Wang stopped dealing with the auditors and failed to pay even them.
One thing that has always been in my mind is that if the auditors were never paid, I am sure they never returned to Wang any material related to the financials on which they were working. Therefore, it would be interesting if a large shareholder wants to pursue any action against Wang it would be a great idea to contact the Marcum people and see if they are willing to provide some financial data to determine if this company has any assets. Even if there are assets the problem with this company is that the Chinese government will not allow any legal action against Wang to start because the requirements to bring Wang to court are so complicated that nobody is willing to spend good money for an outcome that is stacked up against the American outsiders.
As I mentioned in my previous posting the real losers are those who used funds from their IRA account to buy shares. Those shareholders who bought shares from a regular brokerage account are still able to make up any loss sustained on FCPG in 2015 by using any profits generated in other stocks for 2015 to offset the losses. And, if they still have carryover losses, they can use them in future years whenever they make a profit in future investments. Only IRA and 401K holders got really burned with the loss that cannot be carried over and mixed with other normal outside stock investments.
Hey LTO, it looks like since this company collapsed nobody is even attempting to post a message on this board! They all took their losses in their income taxes this year to offset any gains that they made and they have no further interest in what this company is doing in China--and if ever it will return to OTC exchange.
The bad part is that if the loss was taken from your IRA account it is a real loss that can only be accounted against the overall balance that you have in IRA account. You can't carry over the loss into future gains that you might make when you trade outside the IRA account. A loss into an IRA account basically means that you have less money that you can pull out in the future when you reach a certain age and start withdrawing. Can you imagine someone having $100,000 into an IRA account and hoping that FCPG would have increased that amount threefold, and instead it decreased the balance to a mere $10,000. All that money lost and you cannot offset that loss against anything. And if you reach the age when you must withdraw funds from the IRA as a pension, and you spread the balance over 10 years you end up receiving a pension of $100 a month....AND IN THE MEANTIME SOB WANG IS LAUGHING EVERY DAY THINKING OF HOW HE OUTWITTED THE STUPID AMERICAN SHAREHOLDERS AND EVERYONE ELSE.
This is the first time that I feel so angry toward one individual--Wang--who has done so much damage to me(and others) and is still able to get away with this crime and is immune from the law.
Hey LTO, it looks like since this company collapsed nobody is even attempting to post a message on this board! They all took their losses in their income taxes this year to offset any gains that they made and they have no further interest in what this company is doing in China--and if ever it will return to OTC exchange.
The bad part is that if the loss was taken from your IRA account it is a real loss that can only be accounted against the overall balance that you have in IRA account. You can't carry over the loss into future gains that you might make when you trade outside the IRA account. A loss into an IRA account basically means that you have less money that you can pull out in the future when you reach a certain age and start withdrawing. Can you imagine someone having $100,000 into an IRA account and hoping that FCPG would have increased that amount threefold, and instead it decreased the balance to a mere $10,000. All that money lost and you cannot offset that loss against anything. And if you reach the age when you must withdraw funds from the IRA as a pension, and you spread the balance over 10 years you end up receiving a pension of $100 a month....AND IN THE MEANTIME SOB WANG IS LAUGHING EVERY DAY THINKING OF HOW HE OUTWITTED THE STUPID AMERICAN SHAREHOLDERS AND EVERYONE ELSE.
This is the first that I feel so angry toward one individual--Wang--who has done so much damage to me(and others) and is still able to get away with this crime and is immune from the law.
What happened to all the posters of this board who had something to say last year?
Any idea what ALL OUTSTANDING SHARES OF THIS STOCK ARE WORTH?
Three zero and a nine......
0.0009
Is anyone who holds shares of this stock alive...other than me!!!!!
$1.45
In the last three months things have happened and this company has had a difficult time in expanding sales and income. Of course, the Chinese yuan has also taken a beating.
Company still has plenty of millions in cash and other secure deposits, and I am sure they will continue to repurchase shares in the future to reduce the outstanding number of shares.
What is going to happen in China next if Trump wins the presidential election?
Talk to all viewers again very soon!
I have not posted on this board in a long time...since this stock has already reached the .0002 level, I would like to find from someone if there are presently any stocks trading with 4 zeroes in front (e.g. .00001) which would imply that this stock could also reach that level! Are there such companies that trade at that ridiculous level and are still allowed to trade under SEC rules???
There are still people selling this stock at a big loss so that they can buy some other penny stock!
Very strange that everyone connected with this company has nothing to report from the Institute of Biomedical Research in Podgorica.
BioMedco was founded in 1989 in Montreal by both Dr Drasko D. Pekovic and his spouse Silvia Pekovic, accountant, as a private biomedical research center.
I wonder if these two people who live in Canada really have set foot back in Pogdorica?
All those fanatics who seemed to know so much about this company have disappeared from this board!
Is there at least one poster that has anything good to say about this company? Is this the dead zone......
I have just posted some messages on another board--MRES.
I wish that whoever owned this stock and who used to post during the "good old days" is not dead, because that would be the only reason not to post from time to time.
Of course, we all know that as long as the people behind MRES can fool the SEC there will never be any reason for the stock to be delisted as it happened to FCPG. In order to be listed you don't even have to file 10Qs or 10Ks, or even have and auditing firm behind you. However, you must pay the people that trade your stock like market makers, and you must also pay the transfer agents. And of course, even having a cheap lawyer will be sufficient. However, a criminal like Wang simply stopped paying everyone and he absconded behind CROOKED CHINESE LAWS that make it very hard to go after Wang in a legal way in China. Maybe some of you should contact Donald Trump and inform him of what happened to this company so that he might realize how the Chinese legal system treats shareholders who own shares of stock traded in the USA but which was created in China.
I am waiting to hear from shareholders who can still post a message without making silly prejudicial statements.
Earnest, if you read my posting carefully you will realize that this triple zero means a lot to those who want to buy this stock--maybe that is something I should do!!!!!
Think for a moment what I said earlier that this company will never be delisted...that being the case if I were you who has plenty of money, I would be buying all the shares available at the TRIPLE ZERO LEVEL AND DOUBLE MY MONEY WHEN THE STOCK MOVES BACK TO DOUBLE ZERO!!! Who cares if the press release that they will eventually publish is just another ploy, the fact remains that this stock will go on being traded forever and there is money to be made for those who know how to play the game.
I wish some of the other posters would come back alive and post some relevant remarks, unless they are all gone and sold all their shares to claim a loss for 2015!!!!! Remember that penny stock trading should not be viewed as a serious way of managing your money--you simply try your best to pick the winning horse!!!
Well Earnest, the triple zeroes are finally here today--but nothing is completely lost!!!! There is no need to sell any shares that you own in a hurry right now since you cannot claim any 2016 losses until next year. EVERYONE SHOULD HOLD ON TO THEIR SHARES AND WAIT UNTIL THE CANADIANS DECIDE TO ISSUE A NEWS RELEASE--WHICH IN MY OPINION WILL BE POSITIVE. I am sure that this company will continue to exist for a very long time inasmuch as the SEC has never issued any warning that it would remove this company from trading if it failed to file 10Ks or 10Qs--that is very strange, and I believe that for some reason the SEC has failed to keep up with these delinquent filers.....
Look how it punished FCPG which had been filing regular 10Qs and 10Ks until it became so expensive to pay certified auditors that they stopped paying everyone, including legal firm and eventually last year the SEC removed the company from further trading. Now look at this POS that is still hanging around all these years because it is properly manipulated to continue existing simply by changing name and providing quarterly reports that have not been audited and which are not filed on a 10Q with the SEC.
This company and all its shareholders that were posting on this board seem to have died, or sold all their shares and took losses so that they can offset those losses on the big profits they have made on Alibaba--sorry Apple!!!
Isn't there one single poster who can provide some update--yeah, some statement like " I sent an email to the CEO of this company on his yahoo email address, and he responded with the following message....." or, "I called the accounting firm that audits this company books and I got this answer...". Or even better, " I made a phone call to Canada, spoke with_____ and got this answer".
Come on you big shareholders, open up and speak up.
Drasko D. Pekovic, Microbiologist and Immunologist, Ph.D.
Chairman of the Board
President, Institure of Biomedical research
Podgorica, Montenegro
Email:d.pekovic@yahoo.ca
The above information appears on this board on the main page. Has anyone from this board ever sent an email to Pecovic to get some answers?
Is there anyone on this board, other than Earnest, who is still following this stock and is holding any shares?
The market is booming an this POS is has just been forgotten. Could it be that the people behind this stock have no stomach to tell you any bad news!!! I am sure this would be the best time to manipulate this stock upward if only they could issue some positive information.
Today I was using Google street map view from above to scroll along the entire length of Dalmatinska (Avennue or Blvd) which is the location of this company headquarters but I could not identify anything that would help locate their BIG headquarters.
Of course, Mr. Pekovich has a yahoo email address from Canada which I imagine is where he spends his time trying to figure out what to do next.
Any comments????
Well LTO, I remember that in one of Wang biographies it mentioned that when he was young he was connected politically and I must assume that he must have decided to resolve his financial situation with the American shareholders by going back to his roots. I remember Doug mentioning many months ago that Wang was following the advice of local Chinese advisors and slowly began to feel disgusted with the American business system/SEC regulations and stopped communicating with Doug, Tse and the rest and I imagine he felt confident that he could get away with his criminal actions against the shareholders. His new buddies in Kunming must be telling him to stick with them and nobody can touch him simply because nobody is going to spend good US dollars to initiate legal action on behalf of the shareholders, knowing that the courts in China are not as efficient as a US court when it comes to corporate and shareholders actions against a Chinese located company.
I also have a strange feeling that most of the unit holders of many years ago most have sold all their shares a long time ago probably when the stock went down, or at the latest when it was selling at about 15-20 cents. All of them took their losses and offset them against any big profit they made on Facebook, Google,Apple, etc...LOL....
Hey Earnest, this board has become so boring.............
I wonder why all those active posters of six months ago have not made any effort to investigate what is happening in Montenegro!
How come the big CEO who owns so many shares has nothing to tell us about any financial progress that this company has made during all these months. He could have asked Germany for assistance by telling Angela Merkel that he was willing to accept many Syrian refugees inside his big headquarters in exchange for a couple of million Euros....according to the picture shown on this board, the company headquarters can accommodate about 100 Syrians.
Earnest, I think you personally should make an effort to contact the big man in Montenegro and suggest my idea or something similar...I am still sitting with my losses on this stock when I bought it at about 5 cents per share....
Well LTO, any message to Wang through Internet links at this time would be useless. Let me tell you that recently I sent a message to a former poster--dmg- and he responded to me as he has done in the past and he along with all of us on this board is in the same predicament. However, to answer your question about contacting Wang I am posting here a couple of lines from dmg's email concerning contacting Wang which will serve to affirm the fact that Wang has no intention of changing his mind on the course of action that he has taken. Here are dmg's words--
" I kick myself a hundred times over for not getting out after I sent a package to Wang outlining how I might help him out, how to better structure Fcpg, and get the financing required. Even had the damn thing translated in both Chinese and English. Never heard a word but I know it was delivered as I got a return receipt."
Here is a solid shareholder who has had experience in business and is willing to provide Wang with assistance and Wang receives the message and does absolutely nothing. Wang simply began abandoning all the people that had helped him (Doug Billingsley, Greg Tse, the attorney in California, the board of director man, the Marcum CEO, etc) and decided to on the criminal course of action that he took because he knew that under the Chinese legal system he had the upper hand.
Wang can do a lot of things with immunity but I believe that he can never sell this company and can never list it on any Chinese exchange because some Chinese records will show that he only owns 25% of the shares and the other 75% belong to other investors!
My feeling is that "criminal minded" Wang and Gong are operating the company strictly under the original Chinese name, and they are using local accountants to prepare their tax statements based on the sales and earnings of the last two years which were never filed in the USA using SEC standards. It has been speculated that Wang invested the funds obtained from the sale of the units in buying a portion of some type of warehouse(probably the one that appears on this link)but we don't know what has happened during the last year. I believe that Marcum auditors might still have the incomplete financials for the last two years and might have refused to return them to Wang because he failed to pay them for their service. That would be interesting to investigate on the part of someone who owns a million shares or more and is willing to pay Marcum a reasonable fee for them to provide any information that could be useful in going after Wang. If any of you can get in cotact with dmg maybe it would be good for him to get some of his former contacts to get in touch with Marcum and get some answers.
http://www.xytey.com/
I must assume that any reference to the company being listed in the USA has been eliminated from their tax reports, and probably no reference is made that the company is 75% owned by shareholders. My assumption is that Wang is not only a criminal in the eyes of all the shareholders who own FCPG, but he is probably lying to the "IRS type of government agency in China" by omitting any mention of the true ownership of this company.
I wish one of the big shareholders of this stock would hire someone in China to investigate what has really happened to this company in order to determine how successful it is and then notify Wang that if he doesn't do the right thing he will be reported to the Chinese equivalent of the IRS or even to the President of China himself for investigation--maybe he could be accused of giving China a bad reputation by the criminal behavior that he and his wife are pursuing "in plain daylight and with immunity". Sounds good!!
$1.96
Since my last posting this stock has gone back up again...it seems that this is one of the best steady Chinese stocks that is holding its price within a certain range and provides minimal profit if you buy the stock now and sell it hopefully if it reaches 20 cents above the present price. It seems to reach a high point in the 2.30 cents and than falls back down again.
Will it ever reach $2.50 and stay there, or go up beyond that price--NOBODY KNOWS THE ANSWER TO THAT!
Hey VHG, you seem to exhibit such destructive behavior for someone who uses such religious nickname. You realize that no matter what you say, all the posters who held shares of FCPG have lost their money--those who believed that Wang was a man of character, those who believed that he would follow the advise of those who wanted the best for this company, and just about everyone who had invested money in this stock. We were all wiped out.
Since you are not a shareholder you just like to rant all over this board to prove that you were right and everyone else was wrong. So you are a happy winner and we are all losers!
My advise to you and to anyone else who blabbers along with you would be to go into the internet and do some research and try to fid out what has really happened to this company in Kunming and dscover if this company is still in operation, how successfull their business is and what the shareholders can do to force Wang to relinquish the 75% majority of this company to the shareholders. Maybe you could even send a message to the President of China and tell him what a crooked man Wang turned out to be by keeping the company all to himself and probably even breaking Chinese international laws that provide remedy to shareholders in the USA.
Do something useful that can result in helping all shareholders by bringing this company back on the exchange.
Hey Earnest, what has happened to all those posters who seemed to have so much inside information on this company. Nobody is buying, nobody knows what is going on and nobody knows why the people from Canada and Montenegro are keeping such a low profile.
This company feels like the "dead zone"! I would be curious to know who the clients are that are buying products from this company? There must be a shareholder from this board who has accumulated one million shares or more and should be anxious to discover the truth!!!! Nobody has made any recent statements that they have communicated with anyone connected with this company and can confirm where that person is located...every cat and dog is now making selfies with their iPhone camera and it would be the real thing if the big shareholder would go to Montenegro and make a video of the company headquarters as depicted on this board main page. Also get a personal interview with the company chief honcho.
Hey Earnest, this stock has really taken a beating. The lower is goes the less trading takes place.
Very strange that a group of intelligent people in Montenegro would allow this stock to reach this level if they really had something positive to provide to the shareholders. With 400 million shares in the hands of management it looks really stupid for the scammers to act as if they don't know what is going on.
Of course, since we don't know what is happening in Canada to those who control this stock, and since no news releases have taken place we have no idea if the company is still in existence or not!!
By the way, some of you who have made statements about having been in contact with the CEO, this would be the time when you should take a quick trip to Canada or Montenegro and surprise the CEO at his office and get some real answers. Maybe you should even take some real pictures of the Montenegro headquarters and post the information here. To be realistic, going to Montenegro and find out what is going on is not much harder than going to Paris and check to see if the Eiffel tower is still there. Take a business vacation which you can deduct from any profit that you make this year on any stocks that you have sold!!!
So, who is going to Montenegro on a business vacation--hey Earnest, I think you should really be the one to go there and take a video of the company headquarters and all the business activities that take place. And, when you get back you can post everything on this Board and create a new page.
$1.75" So the present price per units of 6 shares is now 1.75 compared to the 1.59 when I last posted.
According to the latest Scheduled D filed by the company ....“The aggregate percentage of Shares reported owned by each person named herein is based upon 44,288,668 Shares outstanding (for those not familiar with this company each unit that trades on the NASDAQ is made up of 6 ordinary shares, so when you multiply the 44 million by 6 you get the total number of outstanding shares in China which total 265 million) as of October 2, 2015, which is the total number of Shares outstanding, based on 265,732,006 ordinary shares of the Issuer outstanding, as reported in the Issuer’s Form SC TO-I/A filing with the Securities and Exchange Commission on...
I realize that the price per share now has fallen since my posting of Jan. 13, 2014 when the PPS was quoted at $2.84 but I believe that as long as the company generates profits and continues to reduce the shares outstanding, one of these days this stock will go up again...this seems to be one of the rare solid Chinese companies that will survive, and based on the present PPS could make a 50% or more profit on each shares in the near future...quite a difference from that FCPG whose CEO turned out to be a deceitful POS who abandoned shareholders and kept the company all to himself (I am sure that one day Wang will get the punishment that he deserves for his deceptive behavior).
Maybe Drasko could do something to help these refugees by giving some of them a low paying job to do some work in the company premises and then issue a news release to show shareholders and would be buyers of this stock that this company is for real and actually in Montenegro. That would provide proof that people are really working at the company location. Show us the processing room for the products that they claim to be selling. Get rid of that computer generated picture of the company headquarters!
http://news.yahoo.com/montenegro-prepares-migrants-influx-143849101.html
Well Cheeky, I must admire you for putting your real feelings on this board so that everyone can now accept your postings with the same anticipation that you have that Pekovic will do the right thing concerning the financials. In the meantime, how this stock moves is just up to whatever posters want to believe. After all, those who make money are those who do not get to attached to any penny stock but simply buy low and sell high according to their temperament. If I had money to buy any stock right now, I would definitely take a stab at MRES at the present price and hold until it reaches .008-.009 and get out after doubling my money.
Well Cheeky, now that you have provided so much information that most of us probably did not know about, let me provide you with some of my comments. You have mentioned that you have visited some company office--are you referring to a Canadian office or did you go to Montenegro? Second, I must compliment the people behind MRES in having prepared 40-50 pages of financials and other related documents and made them public through
http://www.otcmarkets.com/stock/MRES/filings
however, that is not the way things are done with any credible public listed company--THE SEC FILINGS ARE WHAT SEPARATES TRUTH FROM FICTION.
Let me tell you that if the filing with otcmarkets was the way to do things the real way, then many other credible companies could do the same and save themselves expensive legal fees and auditors fees. Why do I tell this, it's simply because a recent stock that I had been holding was saturated with filings and re-filings that the SEC required which caused so much expenses to the company that eventually they pulled the rug from under the shareholders and after failing to file for two years were terminated by the SEC and the stock was delisted. If that company (FCPG) had wanted to take the path of MRES they would have been still around but they would have achieved the same credibility that MRES has right now.
Having said all that, if this company financials are legitimate they have had plenty of time since the SEC delisted MRES to provide audited 10Qs and 10Ks that should have been filed. Do you expect this stock to reach 7 cents when there are 7 cents stocks that have normal SEC filings and the companies involved have real audited financials?
Hey Earnest, I posted here a few days ago addressed to you (but not in response to you) but evidently that post never made it to this board. Would you look at that post and tell me why it was never posted?
It seems that moderators on this board are very close to MRES and are providing earnings information that no one else has unless they access this board. I am just curious to know if MRES that has not filed any 10Qs with the SEC is allowed to release quarterly data by providing information to only a few individuals.
I have never seen a message board where information for the quarter ending June 30 is provided here and no one else knows about it!!!
Earnest, I hope you are allowed to read this posting so that you can provide relevant answers, and please do not answer with only a short sentence that accuses the usual Canadian group but ignores to provide recent detailed updates that you might have.
1.59
That is the price per share today.
This company had so much cash in hand that from time to time it keeps buying shares by a tender offer.
Interesting that the company is paying a lot more than what the present closing PPS is !!!!
Maybe the CHINESE insiders ARE LIQUIDATING THEIR SHARES during these tender offers and pocketing the cash. This stock seems to go nowhere and it is sad that the cash that this company had has not been invested in expanding this company into a way that would generate greater sales and earnings instead of buying back shares right now.
LOOK BACK ABOUT 3 POSTINGS TO SEE ABOUT AN INVESTMENT COMPANY THAT HAS MILLIONS INVESTED IN ACTS AND IT DOES NOT EVEN GET A RESPONSE TO THEIR INQUIRY!!!!!
Also look at FCPG to discover how a Chinese CEO abandoned all shareholders, did not pay auditors, attorneys, advisors, etc and was able to get this stock suspended and delisted by the SEC...
This board has less then 10 active posters, therefore everything that is posted fails to reach anyone else who follows penny stocks based on Marketwire or similar Press Releases that are widespread. Based on this I can only assume that any trading that takes place in this stock is limited to company inside people who have an agenda to push this stock up with all kind internal news that might not be reliable. Remember that nothing has been filed by this company with the SEC since Neuro was booted out in March 2013. Nothing has ever been filed with the SEC by Neuro concerning the formation of a subsidiary in Montenegro that assumes the symbol MRES which was previously assigned to Neuro. According to the SEC Neuro does exist and presumably MRES does not exist as an SEC registered company since they have never filed any SEC document providing financials and detailed data of ownership, etc.
Now I would like one of you to look at some other traded penny stock in good standing and tell me if it trades the same way that this one does--no SEC filings, as a subsidiary, no attorneys, no accounting firm or auditors, and more data missing. Without SEC filings nothing that is made public by a penny stock should be believed...it could go up and make money for some people for a while but at the end it will collapse--of course, who cares as long as posters and traders make money!
Well Earnest, it's so much fun for me to do this kind of searching (which I did before when they had their office in Switzerland), hence I found the street view for a restaurant which is located just 5 numbers away (2543 Chemin Bates) and I am attaching the link for that so all the posters and you can have fun in locking in the place where the scammers are operating from...LOL.....
https://www.google.co.uk/maps/@45.5150704,-73.629684,3a,75y,219h,90t/data=!3m7!1e1!3m5!1s2H7FdKfYpMG8gnfa4x6HHw!2e0!6s%2F%2Fgeo0.ggpht.com%2Fcbk%3Fpanoid%3D2H7FdKfYpMG8gnfa4x6HHw%26output%3Dthumbnail%26cb_client%3Dsearch.TACTILE.gps%26thumb%3D2%26w%3D203%26h%3D100%26yaw%3D219.01192%26pitch%3D0!7i13312!8i6656!6m1!1e1?hl=en
Hey Earnest why don't you take a quick trip to Montreal to this address: 2550 Chemin Bates #200, Montréal, (where the Canadian office is located)and talk the big "wheeler-dealer" himself and find out once and for all what is going on. I have a Google image of what is to be found at that address. Maybe one of you Google world subscribers can get the actual front view of this building and post the link here for all to see.
https://www.google.co.uk/maps/place/2550+Chemin+Bates+%23200,+Montr%C3%A9al,+QC+H3S+1A9,+Canada/@45.5141904,-73.6309035,130m/data=!3m1!1e3!4m2!3m1!1s0x4cc919bcbf5a4913:0x36dbab81d69b99fb?hl=en