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Float = 129,016 post-reverse split freely tradable shares (distributed amongst ~528 stuck-holders), according to the last quarterly filed on Dec. 13, 2012 for the period ending Sept. 30, 2012, with a "working capital deficit" of greater than $15 million that remains unresolved.
They also touted some BS "operating plan" to sell a "suite of email, voicemail and other services" and a "commercially viable social networking system" starting with "the military". ROFL
They still mention "utilizing the 25,000,000 user base it acquired as part of the BB2 acquisition in 2011 to market these and other related services". LOL
This shit is DEAD. RIP
12:30 PDT: NITE 0.19 (7,500) x $12.00 (200)
Helluva spread, huh? AHAHAHAHAHAHAHAHA!!!
"He's got all the answers"?!!? Uh huh, I bet he does.
Manocchio helped kill Titan Global Entertainment, Inc. with a 1 for 1000 reverse split, pay date of 05/30/2008, when the symbol changed to SIGO (www.otcmarkets.com/stock/SIGO/company-info) and they subsequently diluted the crap out of it and Manocchio flew the coop.
That's all the DD I need to know as far as getting involved in anything with Manocchio. No thanks; he's on my permanent shit list. MXMI is his 2nd one (that we know of) with a nice share structure that Manocchio has had a hand in killing by reverse split (and the dilution that's sure to come). I also wouldn't be surprised if Grady's still involved. Scumbags of a feather, you know...they all need to hang out in jail together.
GLTY
MXMID: will be subpenny again in no time at all. What a POS and what a bunch of crooks.
$1.00+/share?!!? LOL You clowns are dreaming. Look at what's happened to every other bloated pink piggy post-RS. I'm taking my tax loss every time I see a bid, which won't be for very long, and which I will whack the hell out of just to sell as much as possible before this goes bidless again.
Nope, the numbers don't add up again. Grady probably doesn't even own a calculator - totally ridiculous! Also, www.maxmediamxmi.com is down yet again, which is no surprise. I didn't bother to check the other sites.
The most recent MXMI filing is BS, much like all the other crap issued by this company. The "financials" numbers are the same but the dates have changed, and I use "financials" loosely given the inconsistent garbage Grady and crew have filed in the past.
I completely agree with pitts77 on all counts, particularly that it's unlikely that another pump effort will be successful. MXMI has a permanently tarnished reputation.
Remember that there's also a sh*tload of restricted shares that can come off restriction and be dumped at any time (~350,000,000 if memory serves me well; anyone can call the ungagged TA to verify this). Why else would they file at this time if the company's essentially been dead for so long as is clearly indicated by the numbers in the filing? Answer: P&D is coming soon.
Remember, this is PINK, so anything goes, especially false and/or misleading information put out by the "company" to dupe the public into "investing" based on their latest garbage. Anyone who see a PINK "company" as anything other than a trading vehicle needs to have their head examined. Again, I use "company" loosely because "company" infers that there's an actual "business". MXMI's "business" has some websites - most of which work on-and-off, depending on whether or not hosting bills get paid on time, and not much more - certain not anything that could potentially generate revenue, much less PROFIT.
All just my opinion. Good Luck.
Awwww...an old softie...how sweet. Relax, she's taken refuge in shakerzzzzzzzzzzzzzz loving pumping
Agreed. Total skank, but not worth torching your toes.
For a good laugh read this: investorshub.advfn.com/boards/read_msg.aspx?message_id=30728834
Uplist? LOL More like DElist!
I'm in agreement with you about the garbage they filed. Any idiot with a calculator could see those numbers they filed & re-filed time and again were BS.
I haven't seen the supposed PSG emailer, but just from doing an all board search for MXMI posts it was pretty obvious that this was an IHUB pump by a few folks - the same ones who are mysteriously gone now. Same thing as the last time this major POS "moved".
Thanks for leaving the CE post as a sticky note. It just might prevent others from becoming bagholders in this garbage. I'm all for that! :)
GLTY
Just got downgraded from yesterday. Like I replied to someone else, there's gotta be a pump-n-dump campaign somewhere. This doesn't just magically wake up for no reason after being in dark SEC reporting & PR status for nearly a year.
I hope it moves, though, so some stuckholders can get out! It's gonna take a 5 bagger from here for me to get the rest of my shares out at a small loss.
GO MXMI!!! lol
Crook/stupid - same $hit IMO. The fact remains that Grady took people's $$ and mismanaged the company then repeatedly filed phoney baloney financials that never added up. It's been on "dark" status at otcmarkets.com for over a year and went from Stop Sign yesterday to Caveat Emptor (Skull & Crossbones) today, which it deserves.
I swallowed the MXMI koolaid once before and am not gonna do it again.
Thanks for the advice about doing my homework, but I'm not interested, plus I never let too much DD ruin a good trade. Do YOUR homework and I'm sure you'll find a pump-n-dump behind this somewhere. It didn't just move out of thin air.
GLTY - over & out
Agreed. This has always moved easily.
Don't fall in love w/it though; the CEO is a crook & the company is a huge POS.
Lotsa bagholders around the .025-03 area.
MXMI Max Media Group S/S update from 2/7/12
Authorized 750,000,000
Outstanding 386,611,770
Restricted 335,005,505
Float 51,606,265
Check older posts on this board for more info.
Good flipper when it moves.
Web sites are back up, albeit with the same old crap on them. Maybe another pump/promo campaign is coming to dump some more "restricted" shares?!? I suppose time will tell.
That's too much DD for me and I never let DD ruin a good trade. I still say NEOM is for flipping like any other OTC/Pink with momo - period, but GLTY.
And there are 20+ different scanning programs to read them (I've tried them all and have used QuickMark for 2+ years). NEOM has nothing novel to offer. NEOM is a flipping stock, nothing more, nothing less. Going "LONG" on NEOM is a no-win proposition; you're better off giving your $$$ away to charity.
Addendum: If you see YA involved (toxic financing), more reason to not even think about going "LONG".
NEOM only good for flipping. eom
It doesn't interest me to read any more filings because I never allow too much DD to ruin a good trade. I'll flip on the hype and perception of a "good 10K", thank you very much.
Thanks for the unsolicited advice. GLTY anyway!
And hundreds of MILLIONS in DEBT with practically zilch in the bank.
"At December 31, 2011, we have an accumulated deficit of $245.2 million. We also have a working capital deficit of $75.9 million, of which $56.9 million is related to our financing instruments, including $31.4 million related to the fair value of warrants and those debentures that are recorded as hybrid financial instruments, and $25.5 million related to the amortized cost carrying value of certain of our debentures and the fair value of the associated derivative liabilities."
Never mind $30K in the bank and a puny $745,000 (49%) increase in revenue. What's important is the fact that there is not only ZERO PROFIT, but there is tons of DEBT and more TOXIC FINANCING (YA) looming on the horizon.
"For the years ended December 31, 2011 and 2010, we incurred operating losses of $5.3 million and $6.2 million, respectively. Net cash used by operations during the years ended December 31, 2011 and 2010 was $4.5 million and $5.7 million, respectively. At December 31, 2011, we have an accumulated deficit of $245.2 million. We also have a working capital deficit of $75.9 million, of which $56.9 million is related to our financing instruments, including $31.4 million related to the fair value of warrants and those debentures that are recorded as hybrid financial instruments, and $25.5 million related to the amortized cost carrying value of certain of our debentures and the fair value of the associated derivative liabilities. Our working capital deficit includes a continuing purchase price guarantee obligation of $4.5 million associated with an acquisition of a business in 2006, which we subsequently sold in 2007.
The items discussed above raise substantial doubts about our ability to continue as a going concern.
We currently do not have sufficient cash, or commitments for financing to sustain our operations for the next twelve months.
We will require additional financing in order to execute our operating plan and continue as a going concern. Our management’s plan is to secure adequate funding to bridge the commercialization of our patent licensing and barcode ecosystem businesses. We cannot predict whether this additional financing will be in the form of equity, debt, or another form and we may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all. In the event that these financing sources do not materialize, or that we are unsuccessful in increasing our revenues and profits, we may be unable to implement our current plans for expansion, repay our debt obligations as they become due or respond to competitive pressures, any of which circumstances would have a material adverse effect on our business, prospects, financial condition and results of operations.
Should YA Global choose not to provide us with continued capital financing, as they have in the past, or if we do not find alternative sources of financing to fund our operations or if we are unable to generate significant product revenues, we may not have sufficient funds to sustain our current operations through the next 12 months. Our debenture obligations to YA Global currently mature on July 29, 2012.
I'd forgotten about that $MXMI video. It would be funny if it wasn't for the fact that Mr. Grady & friends created a bunch of bagholders that will eventually lose everything they ever put into this POS.
~350 million "restricted" shares (~1/2 the OS) on a dark company waiting to be dumped IF this garbage ever gets any volume again, which I doubt it ever will. My guess it will eventually just get delisted due to inactivity. It sucks ass big time even as a dead shell.
If nothing else, what happened here is a good reminder not to put more than you can afford to lose into ANY stock and to set TIGHT stop losses and stick to them no matter how compelling a story might be or how promising the returns might be inflated by the pumpers. You can put lipstick on a pig but it's still a pig! <OINK!>
It's better to pay broker commissions by dumping your losers at a small loss than to hold and HOPE forever, as so many pumpers encourage folks to do on message boards, only to end up losing everything you put into a stock...and NEVER, EVER "invest" in penny stocks. Trade 'em; don't marry 'em!
I have no grudge against "Teffy" (or whatever he's calling himself these days) because I genuinely think he got duped and took a financial hit too. He does seem a bit overzealous at times (he contributed a lot to the "DD" on this board and apparently bought the story hook, line & sinker), but then again so many pump their stocks to death with so much less information on here. I recall some folks on Yahoo stock message boards being merciless to him cuz they can get away with it there - no Moderators or Admins.
Thanks again for posting this video link; it was good for another chuckle! :)
GLTYA
I don't expect anyone to accept what I state and I'm not offended (and am actually pleased) that you are skeptical; you should be aware of the multitude of intentions of everyone who posts on message boards. It's your money you're playing with on any kind of stock so I suggest trying your best not to risk more than you can afford to lose.
BTW, I never claimed to have worked with the "CEO" of $NEOM. In fact, I don't even know who that person is/might currently be. What I stated was that I previously COLLABORATED with Patrick Soon-Shiong on other ventures in the early 1990s with Specialty Laboratories, Inc. in Santa Monica, CA, and again a few years ago with Abraxis Biosciences in West L.A. prior to the sale to Celgene, hence I feel I have a bit of insight on how he manages his holdings and develops his businesses. I hereby state that I have no inside knowledge of $NEOM, Patrick Soon-Shiong, M.D., or $NEOM's or Patrick's interest(s) in any intellectual properties or their potential applications.
For the time being, I'm done with $NEOM and am only replying to you as a courtesy.
Good Luck to you with NEOM and any other stocks you dabble with in the future.
It is a very difficult subject because message boards are where so much damage is done to folks trying to make a living or at least a few extra bucks. I hate seeing that happen and there are "regular" perpetrators who try to suck people into scams.
I cannot say with 100% certain that this is a scam. I sincerely hope for most who are in this stock that there's a nice outcome for the company and traders/investors make some money on it.
Best of luck to you. To reiterate, there are many insincere people who post on message boards with their own personal interests in mind. Many of them count on gaining a "following" only to rip off those who follow their posts. There's too much of this going here on the $NEOM board.
GLTY
CONGRATS! to you on compiling the best post I've read on this board.
Patrick doesn't give a $hit about $NEOM; in fact he doesn't really care about the patents (my humble opinion, of course). Check the dates on the patents; most of the relevant ones to the current $NEOM pump were issued in 2008.
NOTE: Millions of $$$ to Patrick is peanuts that is a pittance of a tax write-off for a person with revenues/profits/assets in the BILLIONS.
I worked as an indirect collaborator with Patrick in the early 1990s on an artificial pancreas project in collaboration with Specialty Labs, Inc. (now Quest Diagnostics, Inc. [NASDAQ: DGX]). When he wants something because he sees intrinsic and/or altruistic value in it, he BUYS it. If it's unavailable for immediate purchase, he will in-license the technology until he can leverage the acquisition of that which he seeks, which in this case is a possible interest in the technology.
I also worked with Abraxis in the development stages of Abraxane. Most reading this board are aware that Abraxis was sold to Celgene for ~$2.9 Billion. Patrick's a very astute businessman, but I'm going out on a very solid limb and publicly stating that $NEOM is NOT the primary interest here. If anything, it is the Intellectual Property and its applications.
'Nuff said. Trade this POS; do not fall in love with it; don't think it's an "investment" of a lifetime; don't heed the words of the pumper boys & gals. Just TRADE the POS, making sure you set loss limits if you're "long" and stick by them.
I made a bit of nice change here and will never make a disparaging remark about Patrick. His kids go to school with my friends' kids and from the few times I dealt with him in the 90's he's a nice guy. Just take everything you read for what it's worth when it comes to OTC & stinky pinky stocks...99% of them are garbage irrespective of who's involved.
GLTYA!
TDA is self-clearing; doesn't use Penson. TDA only restricts online BUYS of $NEOM, not SELLS at this point.
I re-read my post and I realize I come across as a nay-sayer, but there really isn't anything positive to say about the future of $MXMI.
I admit I'm a bagholder in this as well as several others over the years. It happens when you have multiple accounts and take time off. I happened to buy into this one last May then took off for a 1-1/2 month camping trip with very little Internet access and quite honestly also forgot about it. What I have left in it is so high that I'm just going to wait for it to be delisted and have my broker remove it from the account to list as a loss on Schedule D some year.
I never bought into the story, but I liked the share structure for flips and daytrades as long as there was volume. I haven't done my taxes yet so I'm unsure if I ended up plus or minus, overall, but if I made a slight gain from $MXMI flips it wasn't much.
I post my experience here only so that others who might be tempted will read and know to stay away from this stock or play it with caution as ONLY a TRADE (NOT an "investment"), that is, only if any volume ever returns to it so that it can be played again. I don't understand why folks like "robinbanks", who seems sincere enough, would want to continue putting $$$ into this. It's quite pointless, in my humble opinion.
Best of luck to you. :)
0.000s coming soon to an $MXMI near you!
Why anyone would buy more here is beyond my comprehension.
-NO business
-NO revenues
-NO profits
-NO liquidity
-NO filings current
-Massive dilution looming on the horizon
-Did I miss anything?
There's not even a half-baked story to pump on message boards. Game nearly over here; $MXMI is flat-lined - call the undertaker.
see post 8659 for an estimate from mid-October
the issued and outstanding increased by ~191 million since early September, and this being a dark stinkie pinkie, "restricted" shares mean absolutely nothing - I think they've been slowly getting dumped into the free-trading float, which based on cumulative volume alone I'd guess-timate to be maybe around 100 million by now.
If the updated share structure data from October 2011 that "robinbanks" stated in post #8569 is accurate, the old SS sticky note from Sept. 2nd needs to be updated. See http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68193471
An increase of ~191 million issued & outstanding is significant dilution.
It's clear that Mr. Grady & crew have realized that it's easier to issue themselves and/or others shares to sell at any price (albeit slowly) than to work on building a legitimate business.
Good Luck to us all who are stuck in this POS. I intend to whack a bid by year's end and take a capital loss on this festering turd.
$KMAG: needs Whack Repellant -eom-
$KMAG "runs fast"?; more like "swirls fast" - down the toilet...pfft...more dilution
$FOGC: You can't chart this garbage! Level 2 tells the story. -em-
In my previous experience, when you get stuck with a delisted stock, since you cannot trade out of it, the only option is to call your broker to have them remove it from your account and provide you with documentation so you can claim it as a capital loss on your taxes.
Several years ago I forgot about a delisted POS (TRKB.PK) and a POS that did a RS under my radar - both were rotting away in an account. My broker eventually removed them after a couple of years and I was unable to claim them as losses on Schedule D, so it's probably best to call your broker to find out your options sooner rather than later.
If for some reason you want to contact Stan Yakatan (I don't know why anyone would want to do so), his email address is syakatan@aol.com and phone numbers are 786-229-9795 (cell #) and 310-374-0808 (office #).
GLTY
09:31 GLIF Grant Life Sciences, Inc. Common Stock 9/21/2011 100 12(j) Registration Revoked by SEC **
It's officially over now.
Hi Mikey,
Greetings! I hope you & yours are doing well. I'm fine, healthy, happy & actually considering retirement in the not-too-distant future, but have been saying that for some time now! My trading for the past few years has largely been limited to managing a fidelity acct but I still have a funded TDA acct I use to fart around with for occasional day trades & swings whenever I'm in one spot for any length of time. I'm still traveling quite a bit so day trading is a challenge, to say the least. No penny plays for me for quite a while - I see I haven't missed much other than the same ole same ole - and more of it at a glance! No thanks; I'll pass!
Speaking of the penny market, I found this video put out in an email today by www.pumpsanddumps.com pretty amusing...it covers all the "nuances" (aka "BS") in penny stock message board posts & emails:
I gave the pumpers a bit of fuel for their imaginations (see previous mssg) but I don't personally pump, and this garbage needs more than a good pump, IMO.
I'm also a stuckholder in this POS thanks to an untimely absence from babysitting it during the last major dump.
GLTY
I wonder if William Alena is still Advising MXMI in their Branding, Marketing & Internet Advertising strategies, and if so what the possible implications are for MXMI? (http://www.maxmediamxmi.com/content/management).
Mr. Alena is also VP of Marketing at myYearbook (http://www.myyearbook.com/bios.php#william_alena), which was just acquired by Quepasa Corp (http://finance.yahoo.com/career-work/article/113170/millennials-make-millions-wsj). Quepasa and myYearbook say their combined revenue for the past 12 months was $33.6 million.
For those obsessed with DD, can you find a connection that might help MXMI regain some seriously lacking liquidity?
GLTYA
Cruzin Cooler>>haul ur SMWF bag with u & keep ur koolaid cool ;)