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Observing a company's growth before it gains widespread recognition is always fascinating and rewarding.
Interesting bid stack this morning.
For the first time in a LONG time, L2 has multiple MM on the bid this morning at 42. One morning without any notice we will wake up and see this one run given the share count and the number of holders that understand what they have.
Hold those golden nuggets.
I wouldn't put too much hope in this sales office.
https://www.google.com/maps/@-26.3982524,153.091649,3a,75y,198.94h,90t/data=!3m7!1e1!3m5!1sQbVOABSwGcuf0Avh0pLgJQ!2e0!6shttps:%2F%2Fstreetviewpixels-pa.googleapis.com%2Fv1%2Fthumbnail%3Fpanoid%3DQbVOABSwGcuf0Avh0pLgJQ%26cb_client%3Dsearch.gws-prod.gps%26w%3D86%26h%3D86%26yaw%3D198.94437%26pitch%3D0%26thumbfov%3D100!7i16384!8i8192?coh=205409&entry=ttu
Based on the address you provided, it appears to be a retail strip mall at roughly 800 SF.
I've watched this type of claims with other CEOs when their shareholders get pissed and express their disappointment after the CEO has destroyed the value.
Why does it not surprise me that the kid sits in chat room as opposed to working to gain shareholder value?
My interest level just climbed here.
So! Is this what happens when you have daily PRs against a company running out of shares to sell and a OS at 7B?
From $0.02 to $0.005 at lighting speed!
Only in the land of OTC, good luck traders, you're going to need it here.
Not like I didn't see the writing on the wall, right CJ, LMAO
Thanks! Just keeping it real.
Really, anyone who had charted this stock would know several stockholders had a VERY nice ride from September 2020 into 2021. Not sure why you believe anyone here is part of a Ponzi scheme.
Back in 2018 MGON was trading at half its current price point. At the time of the post, you selected it was trading at a penny and soon ran up to over $0.12.
NOW, had you taken the time to read your favorite poster, you would have noted that he and several others took our profits and have since either reentered the stock or have added to our holdings after the company updated its financials and has acquired a number of different product lines.
Really!
Had you taken the time to review our posts, you would find there is no "boiler room" here with endless pumping. In fact, you will find the opposite with informed and educated investors who have an understanding how to read financials and how to identify the risk of OTC stocks.
There is no Ponzi Scheme here. After all, given my prior work with the FBI in taking down two other Ponzi schemes, I have a better idea of how to identify them.
I've seen this more than I care too in the land of OTC.
Actual link.
https://www.bigtoken.com/bigtoken-triples-lead-gen-in-college-residential-market-at-virginia-tech/
It's an interesting read. I see a number of different plays on how they rolled this out. Only a matter of time.
I'll bet there is an IT guy this morning looking for a new job.
https://www.zerohedge.com/markets/market-breaks-multiple-nyse-trading-halts-see-berkshire-wipe-out-100-its-market-cap
Funny how this keeps happening. Is the end near???
Tech Good JOB!
Locked and loaded my friend.
LAMO
Agreed!
The timing of the $10M offering versus the pricing is interesting.
Shareholders should note that JJ came on board with the company March 1st as the COO to aid the company with this offering. Now without the 2nd quarter reports and considering the company hasn't been selling stock to cover its operating cost for the past year. It is noteworthy that Megola hires JJ as they are ramping up the prior licensing agreements.
Again, unless JJ is working for free or is tied to a performance agreement with the offering, it would now appear that the company hired JJ based on the fact that they are generating revenues. After all, they both know that they can't expect to raise $10M at a price point that the market can't support based on the performance to date.
This offering has "venture capital" written all over it. Which if you review the past life of JJ, in raising funds, you find that is the area he has experience with.
Given the current capital conditions in the market and with what is currently unfolding with the capital markets, my gut says they must be sitting on something worthwhile.
What is also REFRESHING and not discussed here is the fact we haven't seen the company selling shares to cover it's daily operating costs, CEO salaries or paying FAMILY members to keep the doors open. Something that is commonplace in the OTC markets.
Links please!
There may be more to this offering than meets the eye.
Page 32
Based on the COO/CFO (Joshua Johnston age 49) 3/1/24-present Bio it would appear he has a deeper understanding of raising capital than we normally see with an OTC stock.
It should be noted that JJ graduated from U. Washington has only been on board since 3/1/24 and came from Halosource which is tied to clean water technology, and was headquartered in Seattle WA before being acquired by Strix Corporation.
During his tenure at HaloSource, Inc. Joshua held multiple roles including Director of Finance and VP of Operations at the innovative water technology company with three business units; Drinking Water, Recreational Water and Environmental Water. It was during his tenure here that Joshua was instrumental in complex capital market transactions including fund-raising efforts and M&A of $125 million in multiple rounds of financing comprised of $30M in private Series A, B, C, D and convertible debt, $15M Pre-IPO, and a $80M Initial Public Offering (IPO) in 2010.
Indeed, it seems we now have a COO whose background is well-suited for understanding capital raising strategies. I'd wager a steak dinner that the figure of $0.025 wasn't just conjured up by JJ! It's amazing what one can discover by taking the time to review the company's filings.
I believe it's necessary to examine the offering closely if one wishes to understand the expected outcomes before attempting to raise $10M at a valuation five times higher than the current private placement before passing judgement.
After reviewing Jake's bio and seeing how he had problems getting through high school I'm guessing the kid is about to get schooled.
I'm guessing that he believes he could take advantage of the shareholders here after his settlement on his other court case.
Welcome to the school of hard knocks!
You be the judge.
Great question!
I would normally tend to agree with, but I hold personal knowledge about two of their former product lines and knew day one, they would likely fail. Which at some point, management also knew they had to change direction and dump them.
As I posted earlier, I didn't like their "products" when I first looked at them a few years ago. What first caught my attention was the OS count and the makeup of the team at that time and the fact that they spent years cleaning up the financials. The last OTC that I played over updating financials pulled me a seven-figure profit. When you see an OTC spending over $60K in legal and accounting, it means they normally have a bigger game plan than the "little" people understand. Now add in the new product line and you more than have my attention.
If you carefully consider the information provided by various posters and links, it's clear that no one is artificially inflating this stock. The long-term investors here are fully aware of the risks and the absence of guarantees regarding FDA approvals, securing contracts, or avoiding stock dilution. Nevertheless, based on the actions I've observed from management over the last three years, I will say I like the odds.
As far as not adding up, it wouldn't if you don't take the time to review the facts and do your OWN research.
Let me take this one!
LOL, that's what happens when you post after Miller Time!
Based on what I reviewed this morning, he was fired shortly after taking the position.
Based on his website and his Bio I would be more worried about Tilton having hired him in the first place. At this point, my gut says there is a reason for NSAV taking a beat down.
Correct!
Meet the young kid that screwed over the shareholders.
https://www.musicbusinessworldwide.com/pro-music-rights-founder-jake-p-noch-named-ceo-of-publicly-traded-net-savings-link/
The hits just keep coming. This guy has an interesting past.
https://www.digitalmusicnews.com/2021/01/14/spotify-pro-music-rights-settlement-talks/
In order to understand this stock, one has to understand the history here.
When I entered into this stock, I was indifferent to the product line due to my deep understanding of the items being sold. However, I appreciated the OS, the team, and the absence of any pump-and-dump schemes.
Over the years, I've come to understand that a company must continue to perform well for an investment to be worthwhile. An example here is how management cleaned up their financials, recognizing prior management DID NOT have complete records in this instance.
NOW they need to step up and start landing POs if we are going to see a ROI.
That would require one to actually take the time to get off their a$$.
WOW 1:500,000 RS
I've seen some scams in my 40+ years of investing, but this one takes home the award.
Just when you think you seen it all, this low life screws all the common shareholders with one RS that only had one purpose.
Enjoy your weekend as we remember those who sacrificed their lives for this great country.
Spending time with family is FAR more meaningful than sitting in a chat room.
Not all, but good point!
LOL
Given the lack of support today after last week's fall from grace would tend to support that my opinion would have merit.
This would explain the IQ level of the posts.
Really sad to watch.
What's the old saying?
Scam or No Scam, that is a real question here.
Given the facts versus the PRs does beg the question.
It's always entertaining to see who the real investors are in these chat rooms as opposed to the ones that are clueless. Asking sound questions is always better than following blind faith.
Doing the math.
Although Sterling figures are accurate, this company's press releases seem inconsistent as observed by KAM. Currently, this Over-The-Counter stock appears more akin to a Pump and Dump scheme rather than one with a genuine outcome.
Doing a stock valuation is easy, finding an OTC that isn't making false forecast is an art that is often lost in these chat rooms.
Not so sure if it was management or the beating the industry has been taken.
Watched some good companies go down over the past few years.
The sad part is, I believe it's going to get worse before it gets better.
Not necessarily.
Monetizing stocks means converting them into sources of revenue. This can be done by taking out a loan with the stocks as collateral. Monetization is a way of unlocking the economic value of an asset. In the banking sector, monetize may be used to mean the process of turning an asset into legal tender.
Without the updated financials we are simply guessing. To the best of my knowledge, they have limited opportunities if they are trying to raise capital against stock that doesn't have updated financials. I have a lack of knowledge when it comes to a publicly traded company and its financing options when it comes to using its stock.
Once the merger is complete with SRAX we might get a LITTLE insight on BigT. However, I'm not holding my breath.
You could be right!