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Yea, not really anymore. They r profitable with a 100+mil market cap, so this diamond has been uncovered. Now they need to chisel it out of the rock to see how big it is before they can cut and polish it ;)
To me polish is buyback/dividends and the cutting is done on NASDAQ. Right now the vein is uncovered and the diamond is staring back at us partially exposed. Itll take till we hit a buck or two before we get the whole thing out of the wall.
Oohh i like that analogy ;)
MYEC
MYEC is stuck like Groundhog Day almost. Methinks thats about to change.
Oh yea still glorious indeed
Gasp. Agreement. I need to go rethink my life. ;)
Just cuz we process that much doesnt mean its revenue...
Well congrats. You get to be the "woulda coulda" MYEC guy! We will celebrate you at our yearly shareholder get together.
MYEC
You know what a PE ratio is? $100 million revs gives us a monster PE ratio.
When we do $100 million in revenue im going to show you your own post along with the current share price at that time :)
MYEC
$1-$2mil a year? Are u trapped in the present? Do you not know what "forward looking" and forecasting is? Perhaps when Q1 drops youll have a better grasp of our current trajectory.
People arent investing in a $1-$2 million company.
I think it may be as high as the market cap will go until we get confirmation of our absurd upward trajectory. Technically at .04 our PE is like 60-120 depending on how u crunch the numbers.
Still, id expect buyers to start coming in leading up to the Q.
Bitcoin is a whole different thing. But the main reason its so popular is because of the wealthy libertarians who like the non regulated non taxed part of bitcoin. The irony is for it to suceed it WILL be taxed and regulated.
I suppose also right now Bitcoin Is a "invstment" vehicle for some too.
Either way, MYEC/ITNS have the best means of transferring money possible, so nothing but good things comingnhere. Lock and load! Er Load and Lock!
MYEC
This gun be huge,yet a speck of our business potential.
Well thats kind of what hes contesting, that just because you have huge sales or profits doesnt mean its asucessful model. Its succesful for some people certainly, but it seems the data show that the vast majority of people who involve themselves as distributors, the little guys, end up failing miserably. But the company, as far as i remember, wouldnt release the numbers that showed the breakdown of where all the revenues came from. They just cited some blanket stats that covered their behinds.
Theres a reason theres like 8 investigations going on into Herbalife right now. Itll be interesting to see if they find wrongdoing but do nothing or if it can be proven its a legit business model. Its going to make a splash either way, if Ackman covers or if Hlife goes under. If Ackman is right hell be a legend and a true activist investor the hard way. Hell be right in principle but put people out of work, even if they shouldnt have been there in the first place. But as for MYEC, a scam we are not and those who claim it also know it is not IMO. We are going to revisit the moon very soon.
MYEC
http://buzz.money.cnn.com/2014/05/02/ackman-herbalife-video/
Id look at the link within the article too. Its Apples and Oranges, the Herbalife short is one I just might agree with. It really is pretty much a Ponzi Scheme, and Ackman has said hed donate all the profits to charity.
You better tell her to put 5k of that in the "dont touch for a decade" pile. It could buy her a house lol.
Interesting, doesnt look like much of a hurdle to me. Lawmakers passed it and the governor just needs to sign it. Curious what they mean by cooperatives. And they mentioned getting away from cash only business too. I wonder if cooperative=MYEC+MjPay. LOL. They are "uninsured groups". They need Fed approval which is exactly who we use to approve transactions.
"pooling" could just be MYECs custodial account or whatever too. Definately curious. Maybe they were waiting for this to get done before launching Mj-Pay.
Yea, theres GOTTA be some people who shorted this last year and didnt cover, getting caught off guard by our jump. There could legitimately be a huge short position out there...or not. But I dont expect those who got caught shorting huge to be ethical while covering their asses. Jmo. But either way, the games will eventually cease and well permanently hold the high ground in more ways than one.
The Quickbooks Intuit signup likely has a whole bunch of transactions ripping through by now. They launched mid-March, so a decent growing amount of people have probably started using it.
MYEC
Existing Systems
ACH handles debit and credit transfers in the U.S. Its network moved $9.8 trillion during last year’s fourth quarter, according the NACHA, the electronic payments association. The system typically settles transactions within a business day, which is one reason why it can take days for money to transfer to an account. Bitcoin moves funds in minutes, while Ripple settles in seconds.
10 trillion in a QUARTER. We are certainly going to snag a chunk of that. I cant wait to see where that number is in five years ;)
Apparently your humor was too dry or subtle for some. I gotcha ;)
MYEC
Indeed. If that ends up working itself out that way, and the numbers end up proving significant, thats gold medal stuff at the shareholder party lol.
This GARBAGE is worth 10.00 in a couple years.
MYECs garbage is made of electronic money!!
Let him know most "bagholders" have thousand percent gains. And its just a matter of time for everyone else IMO. Lol.
MYEC
The unknown of it, the lack of transparency, is the issue. It looks very sketchy but theres no hard evidence to confirm just what is going on. One can speculate some manner of cooking the books is occuring, whether naked shorting and balancing of the books at the close or some variation, But its a big fat stinky gooey hairy question mark.
Ohhh yea
LOL total short attack EOD. Ttrades anyone?
Lol green all day then a bunch of random red to close it out. Typical games.
Vewy intwesting.
MYEC
Lol nice
Rumble rumble rumble
You dont fuck with team MYEC.
Steadier volume recently looks like.
I can only imagine. Im trying to hold off a bit longer cuz I know once I get it a huge chunk of my time is goingbye bye for the forseeable future.
MYEC
Amen. Word. Correct. Yes. Yup. Yep. Mhmm.
MYEC
I can throw a hundred bucks at the close to paint if u want to let er rip ;)
MYEC
Haha nice. U do that and ill go buy my PS4.
wow any volume increase and its on like donkey kong.
CEOZ WIFE SCAMZ CLOWNS FINANCIALLY ZZZZ
Bulls on Parade! We Rally round investors, with a pocketful of shares.
MYEC