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OK man you taught me a lesson
Good it will get some on eyes on RITE
We're honestly probably never going to know, it's not even clear who currently owns the company. The Website is slapped together and the Twitter acct is mostly likely fake so the consensus is, that it's a Pump and Dump but the company may also mine BitCoin
The process of using networks of CPUs to confirm/verify blocks of BitCoin transactions and being rewarded with fractional payments of BitCoin is called "mining"
The amount of electricity used to mine BitCoin worldwide daily exceeds that used by a small country . It's not hard, you only need $5-10,000 worth of equipment but it's a huge power drain.
Nigeria is a huge area for BitCoin mining for some reason so MNGG "may" basically just be a shell company and Sammy Adigun and the rest of the "staff " of MNGG could be in a warehouse in Nigeria mining BitCoin.
On Ebay you can buy "mining contracts " in other words you pay a mining company a set amount of money and you receive an Hour of mining activity sent directly to your BitCoin Wallet. Likely might be what MNGG currently does or did? We really can't be certain. Not like sketchy Nigerian BitCoin mining operations answer phone calls or email.
.04 would be absolutely phenomenal
It appears this company may actually plan to actually pull metal out of the ground, and this stock may eventually go into the Dollars
If Guy releases filings in April and news about this supposed contract to mine Tungsten , etc this will go to a Dime , maybe even higher
People need to know that this company actually functions and is part of this Rare Earth thing and RITE will explode as people start sucking this up and the FOMO boys jump on
Had a little push there right before Closing, like someone bought a huge block but then sank back down because others or even that buyer Dumped.
These people or the lone Whale who keeps dumping at .0009 keeps Fing this up
I hold 500k shares of dead REDG stock I really don't gaf about the comics
It's Alive!!!
We have movement
We're honestly not even sure they mine any BitCoin though
If I had Tens of Thousands in this my pockets would be a little nervous but honestly if it kicks up into the Green tomorrow I'm gonna dump it and go into something else.....I have like 20 Penny stocks in my portfolio "percolating", I'm starting to thing MNGG is going to maybe pump again then go back to .0001 land
What in the hell are you talking about ?
We're locked in this 9:30a to 4p "Trading Day" because that's just how it's been forever on Wall Street.
However, Cryptocurrency Exchanges operate 24/7/365 and prices of Crypto fluctuate 24 Hours a day due to Global trading. Maybe someday we'll see 24 Hour Stock Market trading.
I'm in it to the end , I just added another 100,000 shares on Friday during Power Hour. I know I'm a small fish, I can't buy Millions of shares...…..but My gut tells me something is simmering beneath all of this. If there's a COVID treatment using Patents secured by MCET, and COVID isn't going to be over , probably ever....and this La Jolla company is holding on to their massive % of shares. I feel this company is far from dead.
All it will take is an article or a whisper about a Govt Contract or a 4th Vaccine using an MCET patent, or anything, and this will probably add numbers to the left of the decimal.
Here's what we know, I'll attempt to summarize everything here...……MNGG is apparently owned by a Nigerian business mogul named Sonny Adigun. It was allegedly a BitCoin mining play.
There was Twitter action and a cheesy website that were proven to be fake. It was a Nigerian owned shell company used as a Pump and Dump , with it's little baby run to .003 or whatever it was.
My feeling is, either that pump was a test run and it's gonna go again but bigger given the fact that the stock has stayed pretty stable despite market wide dips and volume has been there, daily. It MAY pump again.
Or it may be a dead carcass of a company and eventually get Delisted as the SEC is headhunting these dead shell companies and Pump and Dumps after the whole Wall Street Bets thing.
Slight rumor of MNGG being acquired by a Chinese company?? We don't know. SEC have rated MNGG as "Dark/Defunct" .
I'm $300 deep, I really don't care, I have chump change in this so I'm just along for the entertainment, really.
Yeah this went to .000 at 3:55.....wtf....it's now a No Bid , hopefully this comes back to life
They are fake , however I'm not sure where this new info that the Nigerian mogul Sammy Adigun sold the company to a Chinese conglomerate came from.....
We don't even know what this company does. Do they actually mine or is it a shell company that does BitCoin money laundering
It's a Nigerian Scam P&D , but I think we just saw the "practice pump" 2 weeks ago. They're not gonna make a fake Twitter acct and slap together a web site to make $50,000. They're gonna pump it and move a couple decimals then bounce
Wait for it to get pumped again
The Next pump will be the Big One
Nigerian scammers don't waste their time for a 300% pump , they want this thing at a Dime
You guys are buying more?
I got 500k shares of this Nigerian pump and dump scammer stock , I'm just holding it
It's fake. It's a Nigerian scam. However I'm willing to bet that the next pump will be the real deal and this thing will double Bag.
This last pump was trifling, barely worth the effort of a fake website and Twitter Acct
Me too....granted I didn't have a lot into it but I saw my Total Value go to like $1200 a few weeks back and I held .....then watched it slowly shit the bed
All this will take is some kind of news on a Govt Contract or an announcement from Guy Peckham that there's Something going on with this company and it's gonna Double Bag.
It may be a "Sock Drawer" stock, maybe load up on the cheap if it dips as people Panic Dump to cut losses or chase other stuff and months down the road it will pop
This was only one of two in my Penny Portfolio that finished Green today......MNGG showed some life around Noon
Looks like this company still exists to be worth a mention in an article from last week
Sammy Adigun is a Nigerian business Mogul
So this is a dead shell company.....hoping for a decent pump next week, I don't have enough in this stock to get all worked up.
I should have dumped when it was up 60% but now I just wanna see where this goes just for entertainment
Do we even know if this company actually explores or mines anything though?
Last known address is occupied by a different business
Would love to hear from the CEO
Honestly we don't even know if this company actually mines anything but Biden signed the Rare Earth minerals initiative today if that even matters
We had a pulse today, at least
https://www.mapquest.com/us/florida/mining-global-inc-373484337
MapQuest shows a current location, its 8pm ET but phone # just rings continuously, no voicemail or directory
Mining Global Inc
224 Datura St Ste 1015
p:561 570-4301
WEST PALM BEACH, FL 33401-5638 United States
Current Info?
I'm a few bucks in the green , I'm dumping this POS tonorrow before I lose anything. I should have dumped 4 days ago but I believed in this shit heap going higher
Sock Drawer Stock......maybe some news months down the road will perk this one up. It's happened before....I had stocks come to life after months of no movement
Doesn't look like it...