Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It was obvious someone wanted shares at end of the day! Who tries to buy a big block less than five minutes before markets closes?
Two to three months from June is sept/oct but if this rumor was true I am sure it was delayed by going pink current. So we should be in the range of that rumor.
If it is one of these companies, they had months to complete the merger details, paperwork and press release(PR). There is no way they have spent months of time to just complete the requirements for pink current. If they do have a merger we should see it any day!
Now that we are pink current they should put our rumored merger news if they have it.
I have found other OTC shells that do not have the Unsolicited Quotes Only warning...
CAMG, AHFD, GGRN, UPOW, PGID, NRPI
I found another like MCIC that has the warning NXMR
Maybe it just takes time for it to be removed?
Now that this is pink current, they need to put our rumored merger news!
They really need to step up and prove to the shareholders they have something/anything at this point. It has been years with no real business.
We know this is a shell ripe for a merger, they have to announce one!
Let us hope the rumors of merger are true and it happens soon or this stock will fall in Price as many investors sell stock for tax purposes during late December.
Weird the warning is back....
https://www.otcmarkets.com/stock/MCIC/overview
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Trading Restriction, Unsolicited Quote limnitation is gone...
https://www.otcmarkets.com/stock/MCIC/overview
Now that this is pink current, there is no excuse to not get rumored merger announced, if this goes on for weeks the momentum will again be lost! Also we know that people sell for tax purposes near year end!
So, now is the time for them to step up and get something completed and announced!
We have multiple items with PPS rising...
-Long drag from initial filing for pink current (Months)
-Loss of Momentum
-Loss of Market Makers
-Pink current on Friday which is typically a low trading day for this stock
-General market struggles due to new Variant of Virus
-Lack of news or updates from company
and I agree we need rumored merger news to be released for this stock to break and hold above a penny.
2021 529,707,619 shares traded so far this year (93.4% of the float)
2020 104,291,876
2019 51,904,744
2018 82,305,766
2017 106,273,486
2016 139,355,100
2015 76,982,183
2014 161,467,904
Float is 567,091,274
Restricted is 745,295,330
OS is 1,312,387,031
Note 1) There is a discrepancy with the float: OTC has it as 567,091,701 and Disclosure filed on 09/30/21 has 557,091,274.
2) Finally Pink Current
I agree now we need a business of some type brought in and then the price should rise.
I think they lost a lot of momentum by waiting so long to get to pink current, if they had accomplished this back in October we could have easily been over a penny.
Status just changed from "Pink limited" to "Pink current"
https://www.otcmarkets.com/stock/MCIC/overview
I post it every Friday...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166918545
Looks like someone is buying good-sized blocks in anticipation of Pink Current!
Since this is our "corrected" filings, I believe it will be less than two weeks. However, at the latest, it will be "pink Current" by December 8th!
2021 522,742,577 shares traded so far this year (92.2% of the float)
2020 104,291,876
2019 51,904,744
2018 82,305,766
2017 106,273,486
2016 139,355,100
2015 76,982,183
2014 161,467,904
Float is 567,091,274
Restricted is 745,295,330
OS is 1,312,387,031
Note 1) There is a discrepancy with the float: OTC has it as 567,091,701 and Disclosure filed on 09/30/21 has 557,091,274.
2) Very low volume this week (243,714)
3) Filings and new Attorney letter was posted, so we should be pink current in less than two(2) Weeks
I agree should be faster, since the analyst that reviewed the filing should have provided specific items that needed to be fixed.
But, Two weeks at the longest, my guess is sometime next week.
We know that it should be less than two weeks for "Pink Current".
They most likely figured that into the mix!
Attorney Letter Posted...
https://www.otcmarkets.com/stock/MCIC/disclosure
Good overview of Amended SEC Rule 15c2-11 and how it Affects Investors..
Hopefully, they can get the rest of the filings in order and get the attorney letter posted this week! Then we should be pink current within two weeks of Attorney letter being posted.
Hopefully we see the rest of the correct filings and the attorney letter this week. Once the attorney letter is posted it is usually less that two weeks for pink current.
I would say whoever is responsible for quality control is doing a poor job. If a few of us can look at the filings and discover issues in a few minutes they have not done a good review of all the documents. In addition, the information should be accurate across the quarters, annuals, and other filed documents.
And the 2020 disclosure as it does not match the 1st qtr data.
Looks like cleanup of filings in progress, additional items posted to otcmarkets!
2021 522,498,863 shares traded so far this year (92%.1 of the float)
2020 104,291,876
2019 51,904,744
2018 82,305,766
2017 106,273,486
2016 139,355,100
2015 76,982,183
2014 161,467,904
Float is 567,091,274
Restricted is 745,295,330
OS is 1,312,387,031
Note: Very low volume this week (227,736)
Due to new rules, and no Market Makers:
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
It is just amazing to me, we traded a significant amount of stock this year and the price finally got off the bottom only to fall apart by their mismanagement of the "pink current" and loss of the market makers due to the new rules.
This looks like it will be very hard to recover from. Once you have weeks of low/no volume and a large spread between the bid and ask, very few investors will take a chance. While many other OTC companies have become pink current and have an orderly market via Market Makers.
They need to step up, get an update to shareholders or get the regulation items fixed, Of course, I have been saying this since the attorney letter was posted for two(2) weeks (average time for the company to become Pink current), and now it over five weeks and next week starts the holiday season with Thanksgiving.
This does not look good for the big shareholders that finally hoped after a decade they had the ability to bring some type of business into the long-term shell and produce some revenue that would lead to a higher price per share.
I figured in April we would figure if this was boom or BUST in 2021, and yet it looks like we still do not have any answers and won't know for a least a few more months.
I figure that after thanksgiving it is tough to get anything done until 2021 as most people are focused on the holidays and other items during December!
Looks like this stock is about to be Knocked Out (KOed) by simple new SEC regulation and having some type of business (Hope, Dreams, and future potential is not a business).
The volume has gone to almost zero, the company and its officers have not provided an update and do not seem to have any interest in keeping the few shareholders left informed.
Is this a total loss? Any Thoughts for the members here?
Another day of "pink limited Information" and no Market makers...
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
We have heard close, soon and next week since April..
They need to get something, Anything done!
A shell is defined as a company with no revenue or business, as of the most recent filing this is a shell.
This is shell until the next quarter is filed showing revenue or a merger is reported.
As of the most recent filing Ben (acting officer) has signed that this is a shell in the most recent disclosure of 10/28!
If you compare the three recent qtrly filing -vs- the previous three they are exactly the same.
Five weeks since the Attorney letter was posted, amazing this company can not get "Pink current" like many. many other companies in the last few months.
They need to focus, get this completed (PINK CURRRENT) and get a 'real' revenue-producing business into this 'shell'
If that is true, why have they not updated the letter quickly? It has been over two weeks since that update. Again they can not complete simple compliance paperwork!
Tomorrow is five(5) weeks since they filed the Attorney Letter!
It is amazing they can not get 'simple' paperwork complete and approved!
Many, many other companies have completed this action with more approved every day!
We have been close since April, now it’s time to get pink current and announce rumored merger!
They have to put soon,close, and next week behind us!
Hopefully, they get the reporting straightened out this week and we go "Pink current" before Thanksgiving!