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For sure. I’ve been here for like two years already lol. Rode through the RS and everything. So time to “capitalize” that loss. I do still think there’s an outside chance this takes off in the future, but not before year end. I’ll watch the news and follow the company and get back in if I feel like something I’d in the works.
Man that number has really jumped. The only thing keeping me around was low O/S (which it is still pretty low for a penny) but the dilution right now is real and I think it’s time I take the tax loss and reevaluate in January. I still like the products and company but it is being woefully mismanaged.
Probably just pumping ahead of an R/S...I wouldn’t expect anything less from this company. It’ll be good if you’re flipping though. Just be sure not to get caught on the backside.
Lol great
What’s the news?
We got some big volume today...and that tanked the stock. Seems like there’s some share dumping going on and probably will be more as MFST needs cash. Bummer that this is going to dilute the share structure.
The optimist in me says gearing up for a deal, but the realist in me says they need money.
Dilute, R/S, repeat. We will see if any more sales come along soon to stop the bleeding...
So they sold two of the three they had in inventory? Oh boy...
Hey, at least this is a positive. Hopefully it’s not just clearing out inventory stock because we need some larger scale transactions to make this profitable.
I mean...I wouldn’t say particularly “well detailed”. There were no timelines given or any agreement details. How many lasers will be bought for distribution? How will MFST handle logistics of large orders? What is the projected revenue from these agreements? Etc, etc, etc.
There was a marked, large uptick in trading volume 6 days ago that disappeared today all without a marked uptick in price. The best thing this stock had going for it was a super low float for an OTC. If the uptick in volume doesn’t turn over shares enough to drive some price action then, in my opinion, it doesn’t look great until a definitive agreement is signed and FULL details are released. Words such as “near”, “almost complete”, “finalizing” can’t appear if they want to move the stock.
Wow, I hadn’t checked in a bit, but yeah. Super abnormal high volume. And unfortunately that hasn’t translated to price action as much. That was the last thing this stick had going for it, so it’s a little disappointing to see that. Guess we’ll see what the next few days bring.
I’m not sure I would say it’s total fluff, but I would agree with you that, at this point in time, there is no material impact to the bottom line.
There needs to be clearance to sell in these countries first (now, that process should be relatively easy considering its carrying an FDA approval). I think once that clearance occurs we’ll be in a more concrete position to begin thinking about actual logistics, i.e.- production, distribution, pricing, etc.
I don’t think this will move the needle on stock price, but if they get clearance in these countries then 2 of the 3 main obstacles to sales (distribution and regulatory approval) will be taken care of. After that the third obstacle, production, becomes top priority. No point in moving to production until approvals are in place though, so at this point it’s still speculative.
I wish that number would stop climbing. Still low relative to other OTC stocks, but then again we did a R/S to get here...
Just needing some material news from these updates instead of fluff. One can hope.
Almost 5,000,000 now. Still low, but it’s definitely increasing.
Be sure not get buyers and sellers confused. If it were buyers, we’d see an appreciation in stock price. It’s true that for every sell there’s a buyer, but it’s also true that for every buy there’s a seller. Gotta watch that bid/ask spread. Currently looks like selling is the influential factor right now, not buying. Only an opinion of course.
Couldn’t agree more. All we need is volume now.
Unfortunately, at this point, only the company making some revenue (either through laser or CBD sales) or a well orchestrated pump will bring the volume. One is impossible since there are no products to sell, and the other would be stock manipulation and highly illegal.
At the moment, there is no reason for the OTC to jump on this one, except for low share count. But any positive news and this has the potential to really move. I just hope that news comes before the share count grows to big. I’ll be watching closely for any announcements.
Should clarify: it’s good in its current iteration
Of course the dumping of shares will eventually offset this, but I think if you are just now getting into it you bet there’s a pump before it’s entirely diluted. The caveat being that there’s so many shares to dump that a pump is killed immediately by any selling going on.
Its true the structure is good now. It’s just unfortunate it took a 1:1000 R/S that the company had explicitly said would not happen to get there. It wiped out investments from longer term investors. Share structure is great, but losses from when the laser was announced are +99% at this point. I think that’s what most people here are mad about. If you’re just buying in now, it’s an excellent opportunity to wait for a pump. If you’ve been here a while, you’re not a happy camper. Also, this is probably not a name to “invest” in. Look to buy low and flip when the pump eventually comes.
*crickets*
It’s just a bad attempt at a pump. If you have shares from last year you may as well just write it off as a tax loss or hold on to them just to see what happens. This isn’t going anywhere anytime soon. The dilution and toxic lending is just going to continue. I don’t think the CBD news got as much of a pump as they were hoping for so there will probably need to be some more toxic loans here soon. MFST is pretty squarely in the death spiral now.
Nah, just that they are reporting with limited resources. They actually reported on MMEX in 2018 when it looked plausible they would be building a refinery. The picture they used in this years article was just a photo they had on hand of Hurd, the subject of the article. Doesn’t once mention MMEX or Hanks (except for the picture caption which they didn’t even bother to update lol). It’s just a small town newspaper doing their best with limited resources.
Ah. Y’all are both referring to two different articles...either way, the article from this year literally has nothing to do with Hanks or MMEX. It was just the only picture they had on file for Hurd.
The article is from March 2018....
Yes, please describe what the product that they are going to sell is? How will they make revenue from this partnership? For a company that can’t even sell an FDA approved device, what’s to sell us on this new venture? Where’s the revenue going to come from?
New article, but it’s the same news from last month of MMEX joining TSPA. So nothing really “new” here. Just clarifying in case anyone gets confused. Happy new year!
That’s a bummer. It’ll be hard to get some momentum going if they keep dumping into it.
Lol, you can’t take this as anything but sarcasm. The loss of the “D” just shows the ticker symbol as a “new” stock essentially. So you’ll see an equal amount lost on MMEXD as you do on MMEX. There was t a wild gain or wild loss yesterday. Just more of the same...
Recent news. It was said “new” easements were filed. Already aware of the ones from March. Just hadn’t hear about the new ones, except for here. Thanks!
Can you post any links/proof of this? Where did you get this news from? Would be decent if true.
Why wait for them to *maybe, possibly* release something? If you have some news on a meeting with the town of Fort Stockton I would love to see it! Is it a secret?
Can you link that article?
Their contract probably only went through November and their “work” culminated with the attempted pump of the CBD branch and Dr Gupta.
I missed it then. Thanks!
Also, still waiting on that 8k that was promised...
Why is this so overlooked? Bruce knowingly hired a decertified CPA to run the accounts. Then gets fined by the SEC. That’s at least a little bit shady. Is there a way to see if he paid the fine in full yet? According to the schedule the last payment due to the SEC was on 9/20/2018.
Agreed. Doubt any of the deals he signs are exclusives. He’s like the Herbalife of CBD.
Positive in a very hopeful context. Looking forward to the 8-k so we can see the details and find out if this is value additive or not.
The “D” doesn’t have anything to do with financing. It’s just there to denote the stock went through a recent reverse split and will go away whether MMEX is at $1 or $0.00001. I don’t believe it has any bearing on a company to announce financing.
Good info! The Dr Gupta who is the “expert” in this latest pump attempt is NOT the same as the one on CNN. Don’t get confused or duped here! Shares still being dumped and not a hint of revenue...not a good sign at the moment.
That “news” only has it up $0.01. I guess the mix of the market saying “...eh” and dumping new shares isn’t a real good way to improve the share price.
Lol, that’s the game. Try to pump and then dump into the pump. No amount of news will ever move this stock because of this precise issue. There’s no way that’s just coincidental...they haven’t announced any sort of sales or projected revenue from this new “division”. It’ll end up being just like the blockchain and pharmacy “divisions”. What a total scam.
Excuse me for sounding ignorant, but why is that? Just doesn’t seem like that’s a valid reason for a company to not approve financing. The “D” being removed is a predetermined event that will happen regardless of any outside factors (other than another R/S of course). That just doesn’t make a lot of sense to me, but I could be missing something...