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Go up to the top and put the cursor over the Hot! icon. You'll see a "pull-down" list. The top of that list is Breakout Boards. Click on it and you'll see the top 50.
The float is stabilizing. There are 624,921,012shares in the float now. The "buying" the last few sessions appears to be "Longs" accumulating, and of course some new investors.
I've always said that us longs had about 25% of the float locked-up ... but now, I can comfortably "guesstimate" that we have about 1/3 of the float locked up!
Nice buying going on ----
Yup, at least VNDM got knocked off their .0013 perch, and I picked up another 2mil shares in the process.
Well Kroooo, you just summed this all up in a nutshell. These acquisitions and debt re-negotiating were basically done with the issuance of new shares; which we as investors, who believe in this story and potential, are paying off.
Sure, this dilution increases the OS and can have a negative impact on the PPS (just look at what VNDM is currently doing).
But, if things work out by generating rising revenue quarter-over-quarter, then that will be reflected in a PPS which will finally leave the sub-pennyland to pennyland and multiple penniesland .... and still cheap enough for the company to possibly buyback & retire some shares as both a "thank you" to shareholders and in improving the SS. And when that happens --- the trip to Hangover Island will be upon us faster than we think!
Oh yes, I remember Facebook attempting to buy Poolworks ... obviously back in Poolworks' better days, I think the offer was $180mil. Like MMEG CEO said, Poolworks is a distressed company now, hence the cheap purchase price.
If MMEG is successful and builds them out again, along with Chimera, Neurofuse, Blackfox, and possibly another networking company.... man $1 - $2 a share???!! That's scary good!
Exactly, and when all these acquisitions are complete and synergize with each other - are built out and [hopefully] grow (along with market share and Revs/Profits!), and SS is trimmed a bit with share buyback & retirement; it's not far fetched to imagine a big dog (Google, Microsoft, Facebook) coming in and buying MMEG outright --- perhaps a "bidding war?"
Still, a lot has to be done and a high risk element exists, and I do not want to get ahead of myself --- this is going to take time.
This will be an interesting year.
Geez Louise - just like yesterday, VNDM is like the Rock of Gibraltar.
You're right -- aside from the 75,000shares sold/bought at .0012; and the roughly 400,000shares bought from different MMs; roughly 6.3mill shares came from VNDM's "10,000!"
My guess is a note [or notes] has converted.
Well, I tapped out -- grabbed another 2mil at these prices though .... and finally averaged down to .002.
Waiting on news now.
A lot of Ask slapping going on --- think I'll jump in and grab some.
yes they are, and quite a good amount too...
We should be getting news this month regarding the completion of the Neurofuse acquisition (which was announced to be done before the end of Q2), and hopefully an update on the Blackfox deal.
Don't know if it will happen this month, but I can't wait for the news of the build out of Poolworks when they start adding new languages to the network.
They're working on putting together a lot of pieces.
This is the most recent update with the OTC:
https://www.otcmarkets.com/stock/MMEG/profile
As BigTime said, amongst us "Longs," I guess-timate we're holding over a quarter of the float.
I hope so . . . Not waiting til next year -- that's why I've added to my position and have been buying my millions of shares this past month!
Been averaging down in the meantime.
GLTA!
Welcome aboard. Lots of things happening here and more to come. Reading Foxtrader's summary of these happenings is a good start, since she ties them together very well.
Many of these acquisitions and deals have been financed through issuance of shares (dilution). Which not only affected the SS but, naturally the PPS.
When all is said and done, MMEG will either reward its investors handsomely, or the weight of the extra shares will prove to be too much. Obviously, I'm betting on the former.
This is no short term play, so welcome to the ranks of the longs ... just have the Mylanta handy - some days you're gonna need it.
Yes she was ...
Same here. The 10-Q was not surprising and was pretty much what we expected. Not enough of a "wow" factor to drive in many new investors ... but that news will be coming during the course of the year and reinforced by the 10Qs (especially Q4 and '18 Q1).
For now, it's picking up a few shares here and a few there -- and hopefully our faith & patience will be rewarded.
100% agree. The Q1 will only show some of the picture. During Q2, they'll have the full Chimera & Poolworks numbers . . . not to mention they'll be building those vehicles out as time goes on. AND they should close the Neurofuse & BlackFox deal in Q2 --- whose numbers we won't fully get a idea until the Q3.
Lots of things to look forward to.
You're correct BigTime. If a company files a late notification for the 10-K (Annual report) - they have a 15ay deadline. If the late notification is for the quarterly 10-q, they have 5days.
I always used to get those mixed up. Should be tomorrow.
Hoping a PR update will follow on its heels.
NITE 1,443,604 - .0013
CDEL 1,000,000 - .0013
CSTI 842,000 - .0012
My guess is Friday at the earliest, or next week.
I believe next week we'll get the 10-Q1. Holding steadfast here and looking forward to the Q4 and '18 Q1!
Well, I certainly knew there were going to be rough choppy waters on the way to Hangover Island when shares & notes were being used to purchase these various companies.
A long here has to have a sturdy stomach. Eventually the acquisitions will be complete, and the different businesses will be developed and built out to work with each other.
Hopefully, this translates into $$Revs&Profits$$ ... only time will tell.
Until then, me and my shares have our Dramamine and life preservers, waiting for calmer & profitable waters, where we land on the beach stocked with booze.
Fingers-crossed.
About 2weeks ago, I knew the Float amount was wrong on the OTC website ... just by the way it traded and the number of investors here on this board alone, who own shares. Even the OS didn't match the amount stated in the Company's Annual Report - 450mil shares opposed to 671mil shares.
After my post [#32515] on 4/27, I emailed the transfer Agent (Action Stock Transfer Corp) to get an accurate figure and they replied:
"It is our policy not to release share structure information to shareholders. Please contact the Company."
So I emailed MMEG's IR re: the numbers showing on the OTC website (OS & float) and my referral by Action Transfer to them - the Company. Thankfully, the OTC website got updated and the float is what I expected, considering the 671mil OS. The dilution is a result of helping MMEG with it's recent (and ongoing!) acquisitions.
Again, I agree with Marxbys' comment in post #32479:
.0017 999,999 CSTI
.0017 1,079295 NITE
.0017 150,000 CDEL
.0026 10,000 CANT
.005 10,000 VNDM
Welcome aboard! Grabbed more shares today also... especially at these Wal-Mart prices.
Or by Summer. In the current Q2, the announcement that the Neurofuse acquisition is complete should be announced -- and I believe the BlackFox deal should be finalized right on its heels.
And there's speculation of another social networking platform that may be added to this combo in the future, if I understood correctly.
Not to mention of the release of the 10-Q1, and later in the Summer, the 10-Q2.
I'm personally waiting for the Q4 & 2018 Q1, and next year's Annual report!
Lots of things happening here.
People looking at short term results, short term PPS, etc ... are short-sighted.
As each day passes, that big "wall" is looking less & less ominous. It should be gone by Friday.
Thank you Marxbys, Congrats to you too. Actually, with the current PPS, congratulations will also be in order to new investors also.
MMEG has done quite a bit of work laying a foundation. And as we know from their LOIs and PRs, they're still at it.
But, when it's all said done and the different components interact and compliment each other (with increased subscriptions, market share, advertising, etc) --- the result will be reflected in the 10-Q Quarterlys. If the REVS numbers are going to be what we believe them to be [especially in Q3, Q4] ... well, I too will be drafting my retirement letter.
Well put and I completely agree.
Thanks Marx, I saw the number of shares on the 8-k, but no date when they convert, so I assumed it would take effect after the deal closed. I guess there's an automatic "waiting period" of about 6mnths?
When I hear back from the transfer re: the float I'll let you know. That 21mill number doesn't seem right. Especially after the amount of "sells" that went on the last 2days.
By my guesstimation, the Longs on this board alone own [and are holding!] over 100mill shares.
The OTC shows:
450million Authorized shares
1,373,000 Outstanding shares (what?), and
21,750,000 shares in the Float(I have more than twice that).
https://www.otcmarkets.com/stock/MMEG/profile
Just by looking at theses numbers we know they're off. In MMEG's
Annual Report it states there's 671,231,815 Outstanding shares.
I just wrote to MMEG's transfer agent for a more accurate figure (for the float) and will post when they respond.
It appears the shares issued for the Poolworks & Chimera deals have hit the market and are being sold (obviously). This will probably continue when the Neurofuse deal is done, and when an 8-k is put out re: the BlackFox deal - I bet it's being financed the same way. Tough and winding road ahead, but if the synergy between these companies works, and revs grow - then MMEG pulled it off (time will tell, but it will take time). The true heros ... US! The investors (new and old) who bought and absorbed these shares and fought through this hard "selling pressure" time.
I completely agree with Marxbys' comment in post #32479:
Yup, holding on to my shares and will be settling in my comfortable chair, with beer in hand, ready to go Long.
Whenever there was good buying pressure yesterday, it was met by just as heavy selling pressure. My guess is it's the retail folks who bought last month in the low .002s and teens who have realized MMEG is a long term Hold (which was later confirmed by the Incubator Stock Review on March 15) and they do not want to be longs. Any chance they saw to breakeven or turn a 30%-40% profit, they took it. And yesterday was their chance. They may come back later.
After all that's been going on here, and yesterday's news, we should easily be in the .003-.004 range. But hey, I'm not going to "poo poo" on yesterday's 28% gain!
When I have time tomorrow, going to sift through those 8-ks to see if any notes from the past deals may have converted.
Apparently, IMO, it won't be until the 10-Q quarterlys come out and the revs numbers are good (and each subsequent 10-q has improving numbers) that the PPS will push North, faster than a speeding bullet, more powerful than a locomotive, leaping over tall buildings (that was for BigTimeWinner), and going through walls!
Holding and looking forward to the Q4, 2018 Q1, and next year's Annual Report.
Thanks for your work Fox.. though I believe in diversification, I rotated out of some "pos" stocks (I was hoping for turnarounds there, oh well) and into here. Too may things happening here, too much potential.
You're right, this company is complex, new investors take heed, this is going to take some time -- if you plan on being a "flipper," you'll be pulling your hair out!
thanks again
Yes, we definitely appreciate it.
Thanks -- and my feelings exactly. MMEG now #10 on the BB board. MMEG should be getting a lot of looks [and second looks], and no doubt some DD is being done as we speak (er, uh, post).
Thankfully, a good start to that DD is here on this board, and for sure Foxy's updated synopsis.