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I'd be disappointed if we didn't see at least a 5.3/5.4 close.
I totally agree rella. Stericycle has only 11% of the market and is currently $86/share. This type of market is wide open for a company like MCLN. I'm completely puzzled as to why this company is still a sub-penny stock. Simply doesn't make sense. The only negative I see is the 3.5B shares, other than that I see a very strong business foundation plus huge potential for growth.
noquit, I agree, but don't you find it kinda suspicious he would even mention it?
noquit, look at his last 8-K. That was a quote I posted.
playfully, I realize these are Christian games, therefore no violence and teaches religion, that's a good thing. The bottom line is everyone, including the company, wants the company to be successful to benefit investors and the company. I simply think Veve overdone this, it sounded more like a sermon IMO. What was the purpose? It really didn't provide any new worthwhile information. Lets just drop this, and get on with trading. glta
"Today, based upon our most recent survey, nearly 80% of our investors favor a reverse-split. We will revisit this in the future."
It's interesting that Veve said most did not want a r/s, so he added an additional 5b shares. Now all of a sudden 80% are in favor of a r/s. So now we have 5b shares looming, plus a possible r/s at some point. I also don't understand why he's mixing religion into investing. I personnally do not like that tactic. My opinion only.
Scrappy1, come on, you really don't believe that, do you?
no problem crapholder, it's only the shenanigans of the MM's, shorters, bashers, naysayers and flippers. Not to worry, we will prevail.
"But seriously, if we do use the full 5B additional shares to raise $10 million in cash, what should our market-cap be? In other words, if we had 10B issued and outstanding tomorrow, with $10 million in cash in the bank, do you really believe our market-cap would be below $9 million?" IMO absolutely. It's called dilution. Since when does increasing the O/S by 5B additional shares not affect the PPS and Market Cap? Am I missing something here?
Veve also stated he wants to own 10% of the company and will ask the board to allow him to buy enough shares at a large discounted rate. Again, IMO how does that benefit the investor?
IMO a r/s if handled properly can be a good thing. To r/s simply to allow for further dilution is not good for the investor.
Another problem I have is he's blaming the MMs for lowering the PPS. I am not so sure that's 100% of the problem.
In any case, the above is my the concern. Maybe I misread what he was saying.
Thanks newtostocks, maybe that's what he was referring too.
right after Tromo posted the email he shortly posted another saying that he hope he did the right thing because Veve told him not to tell anyone. Go back a day or so and check it out.
Here's something to think about: Tromo1 received an email from the CEO Veve with more comments about news coming. What's really strange is why would he tell a complete strange "not to tell anybody". Why did he want Tromo1 to think it was inside information knowing he would tell fellow investors. I think, IMO, he was attempting to add creditbility to the email while continuing to make investors think news was just around the corner. Such a ploy would keep investors from selling while continuing to wait for news. Why does Veve contine playing games with his investors? Any comments or opinions, or Am I just paranoid.
eron, maybe he's sending his emails and promises from the Cayman Islands while sipping on a drink and enjoying life. :)
I fully agree with you noquit. I can't add to your comments as I've been out of this position for quite awhile now, simply have it on my watchlist.
Nov 30, 2010
OTC Markets News Service
PINK OTC MARKETS ANNOUNCES SHAREHOLDER APPROVAL OF NAME CHANGE TO “OTC MARKETS GROUP INC.”
NEW YORK, NY – November 30, 2010 – Pink OTC Markets Inc. (OTCQX: PINK) announced today that its shareholders voted to change the Company’s name to “OTC Markets Group Inc.” The Company’s Board of Directors previously approved the name change and called for today’s shareholder vote.
“The name OTC Markets Group reflects our position as the leader in the U.S. OTC marketplace. Today, we are the operator of the largest interdealer quotation system where broker-dealers display quotes in almost 10,000 OTC equity securities,” said R. Cromwell Coulson, President and Chief Executive Officer. “The quality of the companies quoted on our platform has evolved significantly since the days when our only offering was the ‘Pink Sheets®.’ We now offer OTC traded companies a choice of three different tiers for which they can qualify based on the level of information they provide to investors. Our quality-controlled OTCQX® market tier and our OTCQB™ market tier for U.S. registered and reporting issuers continue their rapid expansion, further establishing our status as the leading destination for broker-dealers, investors and issuers in the OTC market.”
The Open, Transparent, and Connected Marketplace
OTC Markets Group Inc. operates the world's largest electronic interdealer quotation system for broker-dealers to trade unlisted securities. We organize the OTC marketplace into three tiers based on the level of disclosure companies choose to provide to investors: OTCQX, OTCQB and OTC Pink.
noquit, you're right, LFBG is the middle tier, QTCQB, a full reporting company. The MM's devised this new 3 tier system under the QTC.PK trading system. The QTCQX is the first tier, those companies under the QX are full reporting with other reporting responsibilities as well. These companies are close to moving to the large exchanges. Then you have the lower tier, pink slips. Non reporting responsibilities. Believe this is why brokers and others are sometimes referring to LFBG as a QTC.PK stock. We have always associated QTC.PK with pink slip trading stocks, that's no longer the case. MM's claim this 3 -tier system is easier to manage than the QTCBB system, which is gradually being phased out.
noquit, it really is kinda confusing. I believe it is the new 3 tier QTC.PK and the BB will eventually be phase out. I'm sure most here have read the definitions of QTCQX, QTCQB and pink slips. LFBG is not a pink slip stock but falls under one of the QTC.PK tiers.
That's easy enron, 2 sells, 1 buy
varok, showing here 16x17. Are your quotes in realtime?
It's not. Your quote program is messed up. bid is 0.0016, ask 0.0017
keep in mind those 5 Billion shares are still there waiting to be sold at some point.
Gawd, gets better all the time.
yep, and for the past 3 months emails have stated news is forthcoming, but then again so is Christmas.
agree. The Q&A was indeed impressive that reflected continued growth. The 52-week high is 0.0235, but it's a much better company than it was then, I do realize there was some dilution leading up to the current PPS. Taking a look at the big picture there is simply no way, in my opinion, MCLN will remain a sub-penny company much longer. I would expect, at this point, investor speculation to gradually drive the stock price up. A gradual PPS increase is much better compared to a bull run followed by the inevitable sell off. Increases in their profit/revs will certainly benefit the company, but a strong buesiness foundation is also extremely important for future growth and profitability.
looking to close at 56/57
don't know noquit. I'm just wondering who dumped all those shares yesterday at 0.0021?
There were over 600 companies shifted from QTCBB to the new 3-tier program. I haven't seen other companies complaining. Why is shift only affecting LFBG?
BBD, your point is well taken. Guess the board would be very quiet if all that was reported was substantiated current information. I really have no idea how this will unfold. I simply pay attention to, what I consider, red flags.
And your comments that "VMGI is going to be fine, nothing has changed, all project are still in the works and on the table". Ummm, how is it you know more than the entire VMGI investor world? This stock is a pink slip, therefore, it's taking full advantage that no reporting restrictions apply for such stocks. No updates, no nothing. Wouldn't you say that's a large red flag?.
WK, I agree with your reasons, I don't know why they haven't. One poster here was referring to lack of participation with board comments/opinions. My point was they should not be forced to post their opinions or comments unless they feel it's necessary.
Always thought the moderator and assistants were to monitor the message board. Don't we have enough people here pumping the stock with no basis except for repeating old news over and over again. MCLN certainly has very good potential, but let the the moderator and assistant do their job.
noquit, maybe they called the delist the move from BB to QB. Delist may have been a poor choice of words.
OTC Markets Group Inc. operates the world's largest electronic interdealer quotation system for broker-dealers to trade unlisted securities. We organize the OTC marketplace into three tiers based on the level of disclosure companies choose to provide to investors: OTCQX, OTCQB and OTC Pink.
noquit, If I recall correctly QTCBB is being phased out. The 3-tier QTCQX, QTCQB and pink slips will be replacing it. I read the article a few months back.
"A/S means nothing"? ummm. What happens when the o/s exceed the A/S? Nothing? You're right I did mean o/s.
Apparently since April 2010 the OTCBB is being abolished giving way to a 3-tier system; OTCQX, QTCQB and pink slips. Close to 2-weeks ago over 600 QTCBB stocks moved to the new system. The QTC web page will give a break down for each category. I would expect MCLN to follow as the QTCBB is quickly becoming just a memory.
I do think the company may eventually do a r/s to bring the pps up to a respectable level. At that point the company may opt to use the proceeds from the r/s to buy down the a/s thereby adding value to the company. IF he does decide on a r/s I feel confident the timimg will be right and would have a positive impact. Again, only my opinion as the CEO may decide against any r/s.
Believe "momo" = momentum