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Glad to see you're a mod here.
IMO, today's news "shook the tree" a bit and did a little housecleaning. When the Neurofuse PR comes out saying that the acquisition is done - that [hopefully] should propel us through that .0025 - .0027 wall.
When the quarterly reports come out later in the year (and early next), I believe it will show growing revs/profits (again, hopefully) -- then it's off to the races.
Re: today's deal:
thank you
Whoa!! Catching up on the board and trading action. What a stiff wall in the .0024-.0025 area. Over 60mil in volume .. more shares going to steady hands.
Hmm, think I'll dabble on a few shares for the war chest.
And your hunch was correct. Going to get some shut-eye, and dream of the Q4 and the '18 Q1.
Foxtrader putting out the news of the next acquisition of BlackFox ---man, the stars ARE lining up!
Oh c'mon!! got home late tonight (I work flex hrs - sometimes early, mostly late), and before I was gonna turn in I checked some emails and went online for any momentous news (pun intended). I saw this on the wire and was going to post it here, thinking I would be first --- but you beat me to it, at this hour! You're too good.
Can't wait to read this board when I get up ... Marxbys and Watchful eye are gonna let the "Babys" fly today.
Thanks Foxy ... I would just refer new investors to your post
#29934, fortunately it has been "stickied" -- and for current investors translating the 10-k Annual report, to just read your post #31855.
Yeah, it's a sub-penny stock investment and we know the inherent risk involved. But, those two posts (thanks again btw) really paints the picture and puts it all together.
Time [and patience] will tell. Enjoy the weekend.
Investing in a penny stock certainly runs the risk of getting involved with a scam. Especially if it's a sub-penny!
I have been lucky to not invest in some scams (though their story sounded interesting, of course) - however, I have been unlucky in investing in others.
In my experience [though not vast] I have noticed with the ones I've come across, they all shared a common denominator: they were not Current, or they ceased being Current, with the OTC. They either showed a YIELD or STOP sign, or Skull & Crossbones all together. And they certainly would NOT be spending $$$ on a 10-K Annual Report and Audit!
*Disclaimer: not all the companies that show a yield or stop sign make it a scam, the good ones "turn-it-around" .. but tread cautiously. Skull & Crossbones? Well, Fugetaboutit*
As with many pennies, MMEG is dealing with trying to grow, Revs and debt issues, dilution, etc. There are several different ways to go about this and MMEG has chosen the acquisition route; and they've kept shareholders in the loop the whole step of the way ... no "going dark" here. IF the pieces being acquired "mesh" well together and the puzzle is completed --- well then, revs, profits, debt issues are solved (and possibly some shares could be bought & retired!) and this becomes a $$winner$$ [oh yeah I forgot] ... Baby!! ... a true "diamond in the rough" so to speak (especially at this PPS level!).
If the pieces don't synergize properly, or debt becomes too overwhelming, then the attempt and company fails. Hence, "high-risk investment." But that does not make it a SCAM!
Fingers still crossed on one hand, while tightly holding my shares (way more than I logically should have bought) on the other. GLTA!!
Exactly! Well put and "sticky" worthy. As you and watchful eye have said, it's the synergy that the different aspects (trains) of MMEG will have with each other that is important - as one compliments the other, so to speak.
I knew my concern with this audit, before it came out, would be the revs. That being said, we are only in the beginning of Q2 AND [as stated in the report] there are more acquisitions to come.
If their acquisition "cocktail" works -- then the revs will fix themselves. A lot of work still to do, but this Annual Report only reinforces what has been stressed here ad nauseam ... this is a long term investment.
The upcoming 10-Q quarterly reports (and 8-ks) this year will continue to paint the picture and fill us in; and I completely agree when Marxbys says that next year's Annual Report is the one that [hopefully] gets us to happy town.
No doubt, many investors do not like being Longs, and only some have the stomach and/or patience for it. No judgment or criticism intended. My only regret is all my powder was spent in the .00225 to .0025 range - I should've saved some for now, as I think more of those who do not want to be Long will leave and re-visit MMEG later. We are definitely in the "bargain" price point for new investors, or for those who want to average down IMO.
Whichever the case, GLTA and hang in there everybody!
I hope news hits this week at least. Didn't mind the delay because no news has been keeping MMEG low -- and I've been scooping up shares. But now I'm tapped out and out of powder.
Hopefully the march North begins soon.
Finally got a chance to check in ... just as expected w/o news.
hang in there --- hmm, I like these prices. gobble
Hope you all had a great weekend -- had to get up waaay too early today (on the west coast) and gotta run out. Will be checking in around market closing time.
Big couple of weeks coming up. Hopefully news will come out this week about the close of the Neurofuse acquisition ... and next week will hopefully give us the 10-k Annual Report.
The MMs are going to play whatever games they like to play, but for the average retail investor, don't panic and sell like the silly [retail] people did on Friday. You've held on this long, and news is coming(!)-- including information regarding the financial health and upcoming plans for MMEG.
Base your decisions on information and not frustration -- and ignore the red herrings that are gonna to be tossed in -- in (IMO) the hope of inducing some panic/frustration selling, while they pick-up the cheaper shares.
Thanks Eye ====
the 'Baby' will be added during the Vegas trip while I'm having my: one Bourbon, one Scotch, & one Beer
Yup, stronger and less trembling hands.
I completely agree -- was able to grab 5mil shares, and average down a bit.
Accumulation time for the investor who sees the whole picture.
Excellent post! I am sympathetic to people investing and holding, and are frustrated when a PPS can't seem to break through certain plateaus.
But, we hear the story unfolding here regarding acquisitions, and as you pointed out, there's more to come!
Know what you own-- this month the 10-k Annual Report comes out and should answer many questions for shareholders AND for potential investors who are watching and waiting on the sidelines before "pulling the trigger."
But this Annual Report will only tell half the story ... recent acquisitions' revenues won't be reflected in the report. And there's more to come. Imagine what story is going to unfold in the Q3 & Q4 and the next Annual Report.
MMEG's best days are still yet to come! Of course, IMHO.
Hopefully Neurofuse news comes out on Friday -- and that would be perfect ... Apr 7 is National Beer Day
Man, wasn't planning on getting more shares, but I have a feeling that a month or two from now, I'll be kicking myself for not grabbing more at these levels.
Ah, what the hell --- that ask needs slapping anyway --- fortune favors the bold and all that.
As soon as the acquisition of Neurofuse is official and done, I'm gonna pick me up a couple of bottles.
I have a feeling when this starts to move and more people become aware of this sleeper -- I'm going to need help focusing on other aspects of my life. Hopefully, after a year or two, one of them won't be my job!
We're just going to have to demonstrate momentous patience.
Yes it will --- Q3, Q4 will be our time. Smart accumulation time is now.
This whole talk of Pink or not Pink is just "white noise." Yes, MMEG is showing as Pink on Etrade & the OTC. All this means is:
Done... Picked up my last batch; now sitting on 30mil shares --- and anxiously waiting for the Q3-Q4 financials.
I don't like to be "long" on pennies, but from what I see, MMEG is an exception.
IMO, the Q1 report will begin to paint the picture, and we'll [hopefully] start to see some good movement, PPS-wise.
I hope to be pleasantly surprised at the end of the year - and grateful for getting in at these prices.
QLTA!
Momentous Receives Coverage from Incubator Stock Review:
MMEG has been busy with deals and acquisitions; hence the 8-ks.
But, I believe, it won't be until the 10-Qs come out and the "quarterlys" begin to translate what the 8-ks mean (revs, debt, profit, etc) -- that the PPS should really begin to move upward & onward, and plow through resistance when it rears its head.
Picked up more shares on Mon & Tues than I had originally planned at a .0024pps average .... which, imho is a VERY good price.
Time will tell
GLTA!
Smart move & GL .... I'm hoping news comes out at end of the week (being self serving here), buying more on Monday - and more funds become available on Wed. Hope these "cheapies" last just a little while longer.
IMO, in a year, this ticker has the potential of being a zip code changer!
Holy Cow!! Saw MTVX on the BB with over 100mil shares traded and then saw more than that were traded yesterday!
No PR or filing, and did some digging hoping to read new CEO [no such luck].
This bagholder is certainly hoping for something good to start happening.
Found this ticker a little while ago, and really like what I've read about them. Seems that they're positioning themselves for growth with these acquisitions. And they're Current with the OTC (refreshing to see in pennyland).
Enjoyed reading fox's post (#29934) - thanks btw.
Finally got in today and picked up a little over 5mil shares, imho at a good price. Hoping to grab 5mil more on Monday.
GLTA!
There has been profit taking here -- as it has been all along the MJ sector. Some of these retail investors are going to rotate back into the sector before the election, or after [if the measure in Calif. passes, which it's projected to].
Many MJ companies' SS have their O/S at 1,2 or more billions of shares ... and are already trading at a PPS of .10 - .22.
Investors are seeing VAPE trading at .0275(!), with just under 500mill O/S. I think the trading here will be very interesting the next couple of months. If Prop 64 passes, it takes effect Jan '17, the following is estimated: [From a fortune.com article in late October]
Yup ... and again, good movement up on the PPS coupled with good volume. IMHO, it appears many are selling to cash in some profits (probably the same that were loading below .0025).
But it seems many are loading and/or accumulating now, at these levels! That's a bullish sign!
GLTUA!!
Big day indeed! IMO .02 is in the crosshairs this week [maybe even Wed]. We just have to expect some will be selling to lock in profits. But, with attention and interest in VAPE right now, buyers should be able to absorb it.
GLTA!!
Man -- nice movement up with good volume!
Christ! I should've accumulated the "cheapies" at .0015-.0018. Who knows, when the Calif law takes effect in Jan, and Company comes out with news re: debt, numbers re: Onyx, backed by an 8-k, 10-q, and current with the OTC --- maybe these levels will be considered the "cheapies."
On the "Breakout Board" again. With the MJ market the way it is, and the buying volume and attention VAPE has gotten these last few weeks - I'm with stockzoom, now would be a great time for a meaty PR from the Company. An 8-k and 10-q wouldn't hurt either. Would be great if VAPE became current with the OTC before the election.
IHMO, possibly in anticipation of next month's measure to legalize MJ in California (which polls currently show a 60% chance of passing). Whatever $$$ numbers came out in Washington or Colorado, are gonna pale when it begins in California.
If I knew then what I know now - as soon as I discovered this company I woulda "Run For My Life!"
I really wish VAPE would update us with an 8-k and release Q2 quarterly report - which is now late and they haven't even released a notification it will be released late.
As a result, they're delinquent with the OTC and have a Yield sign.
http://www.otcmarkets.com/stock/VAPE/quote
I think with all this volume lately, notes have been converted - just don't how many shares. Obviously, those shares are being "dumped," but on the flip-side ... people are scooping them up.
All IMHO of course.
Christ, this was the line that killed me:
Or maybe if you guys read slowly and carefully, you will see what I "didn't get" was not the state of the company per the 10-q, BUT the reaction of the CEO in an interview prior to its release when questioned about revs.
In case you missed: https://audioboom.com/boos/4558173-uptick-network-interview-with-ceo-justin-braune-with-vape-holdings-inc
... and judge for yourself.