That bitchy old man who smells funny, talks to himself, and generally has a shitty disposition? Yup, that sounds like me.
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I delivered pizza in Ann Arbor. I was working on my masters, and I worked with other drivers who were undergrads at U of Michigan. One cat had his law degree and was studying for the bar. Real stupid group there. You are the kind who think employment determines socioeconomic class, and those perple are just, well, ignorant at best and idiots at worst.
21.00 price target on a company that loses billions a year is too high.
I am liking what I am seeing...
More selling than buying happened today, yet the price remains relatively unchanged in the mid 4's, the bid has actually increased, and we look to have some level II stability at the current price. Four is a big resistance point, and $MYMX broke it for two days solid (crossing fingers a little here), with NO NEWS. Buys are being made in the mid-4's - not huge buys, but ones constitant with typically-sized purchases - which certainly is optimistic in my view. And for a stock that has trouble breaking 100k volume in a day (and can be exceptionally volatile even on the meagerest of individual trades), $MYMX has traded over 100k for the past two days (and done so with relative price stability about 25% above the usual mid-3's).
As with any stock, it could all change tomorrow...or before I post this (EDIT - Which, indeed, it slightly did...likely briefly). However, I believe this week's movement is exceptionally positive. Have been in $MYMX for about two years and been watching it for four, accumulate whenever the ask drops below the mid 3's, and could walk with a small profit on some of my shares now. BUT...something feels thematic about this current movement. This is the highest price we have reached since the end of April and the NIH funding announcement. Nevertheless, I am not going anywhere because, IMHO based on my DD and my gut, his company is worthy of my patience and will reward my trust.
Hang tough, everyone. Good things are happening with this company and we have not misplaced our faith. I honestly believe the next positive announcement - whatever that news happens to be - could push us over a dime. It is not as big a reach as it may seem.
GO MYMX, GO!!!
Very informative. Thanks.
Ya...that's easy for you to say...
That's right, be tough and strong!
Why stop at 50 million though? Show 'em how tough and angry you are at these games they play.
100 million...500 million...you show 'em. Really be a man and just buy the whole company! Show everyone the size of your balls!
Any pr sends the stock to at least .06. One thing I love about MYMX - they only pr like twice a year, which makes each one have relatively heavy effect.
...Just like 5 did yesterday, and 6 did Tuesday, and 7 Monday...
Interesting. Thanks.
And what is the "game", exactly? Seriously, please explain to me how this constant dribble is a game...
As someone who was in $CYTR years ago and has followed it ever since - mainly out of morbid curiosity - likely a good call IMO. SK is a scam (can't believe he is still milking off this sh*t show), $CYTR is a scam, you name it. IMHO, of course.
I feel the pain of all longs.
Hmm...so the simple answer is LOTS
Thanks much. Useful source.
Does anyone know the dilution potential here? I am unaware on how to locate the info I am looking for...how many shares are allowed to be issued in the incorporation paperwork? IP would tell us that, right? Is there an easier way of obtaining this info?
Newish at this. I welcome not only a meal (the info), but if someone would care to learn me how to fish (learn me how to get the data...or at least point me in the right direction)) I am happy to do the work on my own & that would help me more in the long run.
Also, just to throw this out there, I have heard that a few Ring Video Doorbell owners have begun to run into issues of privacy infringement...people who have the service are being taken to court by their neighbors over the camera taking video of the neighbors yard. Has anyone heard anything about this, or has this issue been addressed vis-a-vis $DRNG?
Thanks. Have a good weekend, everyone.
$DRNG - What a nifty idea
Totally dumped $CMGO this morning at .0078. Not what I could have received yesterday when I should have (and almost) folded altogether, but all I lost was my trading cost. A cheap lesson, I suppose. Good luck to a couple of you.
The real question is, "who isn't?"
Company may or may not be receiving full 2.75 million.
Regardless, company only gets to keep approx 1,842,500. Rest, per agreement, per Glen, goes to attorney et al.
Great! Let's see how your predictive skill bear out!
We will check back with you end of next week...when we are at .07-.10. If your prediction is correct, or even close, I will be singing your praises, defending you against any and all naysayers.
If, however, you are not even close to being even a little close, well, we will ask you if you can tell us why.
That's fair, yes? Self-accountability?
L2 is looking strong as a rock at the .009 level...
I agree.
Ok, so let me try and get this correct...I am a social science major, not business. Had all of 8 weeks of accounting (before I dropped) and a business law course. Anything you could ever think you may want to know about politics, I could likely answer. Business, not so much.
The "cash flow" from the settlement is 2.75 million. That is the total sum of and that may or may not (we can't say for sure...a detailed payment agreement is not provided) flow through the company...Maybe touch someone's hands briefly.
The "revenue" to $CMGO, or the amount of the 2.75 million they touch that is actually theirs and does not already belong to someone else per previous agreement, is the approx 1.8 million number.
So, basically, they may or may not be receiving a check for approx 90K each month, signifying cash flow, but the actual revenue that is theirs to keep and use is approx 60K.
Do I have this correct? Is this what you are relating to me?
I did see that...not as it happened, but historically.
MODS - I am discussing $CMGO in particular further down...this is a relevant post.
Yep, I am familiar with the rapid fluctuations OTC stocks can experience. I am not here because I am looking to make my solid 2-3% returns each quarter.
Notice I used the term "fluctuations". I did that on purpose. Just as a stock can run up 1000's of a percent in a week, another stock can lose 1000's of percentage points in a week. I can't name the stocks because of Tos rules, but I still own one, hoping to get the 98% of my investment I lost back. I have ridden a few up as well.
In my brief time, I have found a few things true:
1) Many, many more OTC stocks are losers as opposed to winners,
2) The instances of 1000% gains in a week (or two) are uncommon. "Uncommon" was the most positive word I could think to use,
3) Even if a stock increases by that much, you need to buy it before it happens and sell it before it reverses (it often seems to). That's two weeks out of what...years? A decade?
4) Many to most OTC stocks, I have found in my experience, are either financial shell games or companies run by inept or dishonest frat boys who have zero social or stockholder concern and are just looking to make a quick buck for themselves and those in their socioeconomic subset,
5) If the game was easy, everyone playing would be rich. Maybe you all are rich from playing penny stocks, and I am just to dumb to realize it.
6) Lastly, every poster, on almost every single board, screams that either "THIS .0006 A SHARE STOCK IS GOING TO .25, MAYBE .50, NEXT WEEK!!! BUY NOW!!!" or more reasonably state "I can see the price of this stock quadrupling in a day or two". Almost exclusively, they are all wrong, have an agenda, whatever. That is a hard lesson for a new trader, maybe an unsophisticated trader, and I recall it happening to me, so it still upsets me every time I see someone talk out of their a** like that.
ABOUT $CMGO
You make a number of uncertain, unknowable, or overly-optimistic statements regarding $CMGO
1) You assume it is a good stock. Maybe so. Maybe not. It has both positive and negative aspects. However, I doubt it is the second coming of Jesus or shmp or whatever. The odds are not in its favor.
2) Just because a stock or a company is "good" does not necessarily mean it "will run", logically speaking. Some good companies run...as do some bad ones. Some absolutely horrible, worthless companies make gobs of money, some don't. Unless you are defining "good" as "any stock that makes large profits". That works logically...but can only be stated as true after the stock makes the money.
3) This is the argument you present to me:
1) $CMGO is a good stock.
2) Good stocks move faster than Squirrely is stating.
3) Here are examples of stocks that increased by 15,600% & 4,600%
4) Since $CMGO is a good stock, and these other stocks are good stocks, $CMGO should rise similarly to those other stocks.
Hey, I really, really, REALLY want you to be correct about the pricing and rapidity of the increase. Honestly, I do. But in the end, odds are you are being overly-optimistic.
If $CMGO is at .03 by the end of the summer, I will call my purchase successful, lucky, and with just a smidge of skill. I don't have 60-80 hours a week to devote to DD, and all the data on $CMGO is not being offered, so many of these calls, for me, rely on some DD, some experience, and a lot more gut feeling than is probably advisable.
Good luck to you, my friend.
Yep...it's in your own attachment...simple. Just got to read it all.
*The settlement was for 2.75 million dollars. It is to be paid out over 30 months and is fully guaranteed by the main defendants.
In order for the settlement to take place the Company’s primary legal team and a litigation support company agreed to take a significant discount from their $1.5 million that was owed to them. As a result, the Company will receive slightly less than 2 million net. When it came to the decision to settle many factors were consideredincluding the cost of further litigation."
Sure, that's simple. Simple like "I read the Cliff's Notes version and now know every financial detail". What you argue is what is contained in the first two sentences. The details, or "unsimple stuff", is described in the remainder of the paragraph.
What it appears, simply, is that because CMG basically couldn't or wouldn't afford the litigation up front, they cut a deal with their attorney...no up front payment. When case settles, lawyers get 33% and CMG gets 67%. CEO mentioned these exact percentages in one of the letters he sent to stockholders last week. I clearly remember the exact percentages.
The above language in the CMG statement is vague - purposely so, I would assume.
This is why, as stated in the above portion from your attachment, CMG "will receive slightly less than 2 million net".
The most you can possibly say is the portion of the settlement not included in the "slightly less than 2 million" will pass through the company's hands...briefly...on the way to its true owner.
If you are still standing pat with your "simple" answer, explain to me, and everyone else, what all those "extra words" in the remainder of the paragraph mean and how the equation "$2.75 million ÷ 30" equals the same dollar amount as "slightly less than $2 million ÷ 30"
I am sure it can be done, but I seriously question whether it can be done honestly.
I am not even going to get into the settlement funds already dispersed and how that plays into all this...mainly because the financials do not offer enough information to determine where those funds came from or how to account for them.
Interesting. Thanks.
Should really revise point 1) on the sticky.
See post #99592. $90K monthly payment on settlement is simply incorrect.
Or, if not and 90K is correct, I am open to being educated.
You are right...we could see .03 by Monday.
We also could see 5.00 by Monday
Or we could see another slight gain or loss day on Monday, or even a huge loss.
Question is, what is most likely.
I find a close around .008 to .0083 most likely.
But sure, I could live with quadrupling my investment in a day. I just find it is not the most common outcome for the majority of investors on any given day.
Maybe I am just a horrible investor and in reality most investors are quadrupling their investments every week.
If this is you, please make me your disciple. ??????
Ya, I could see that as a reasonable possibility as well. If it hits .01 next week, it appears it might take it a minute or two to be able to hold it...to both open and close a day above .01. Just my opinion based on the past 4-5 days movement.
Part, seems to me, is how CMG proceeds...how transparent they are and how above board they play it.
I own some $CMGO, so would love to see .03's. Not buying the top of the line new rims and tires for my Grand Am just yet, though.
Only a penny?
Awesome...thanks for sharing!
I will look for this on Monday between 8:00 am and 9:30 am.
You must have an extremely knowledgeable and reliable source to sound so certain and share such monumental information with the public! When this announcement occurs - remember people, we are looking for MAJOR NEWS between 8:00 am & 9:30 am on Monday morning - we will all know who to give credit to and who told us first!
In the event of no MAJOR NEWS, however, well...
Math v. Accounting...the $CMG Edition
One can calculate figures like this:
CMG Settlement = $2,750,000
Payment terms = 30 months
CMG receives monthly payment = $2,750,000 ÷ 30 = $91,667.00
Therefore, math equals "$90K guaranteed each month from the lawsuit!
Alternative calculation:
CMG Settlement = $2,750,000
Attorney fees per agreement (33%) = $907,500 (approx)
CMG portion of settlement (67%) = $1,842,500 (approx)
CMG portion of settlement already retained = $268,198
CMG settlement payment remaining = $1,574,302 (approx)
Payment terms = 30 months
CMG receives monthly payment = $1,574,302 ÷ 30 = $52,477.00
Company-provided accounting equals "$52K guaranteed each month from the lawsuit!
I am being nitpicky, I know. I mean, it is only a 42% monthly difference in this one minor area, but I guess if I were looking to these boards for truly accurate or semi-accurate information, I would be somewhat disappointed, especially as Ronin isn't the only person to tout the 90K number.
That's a lot of thoughtful information to lay on me. Will reread & reread & digest, but the general picture is clear from your viewpoint.
Many × many OTC scams...learning to see those through financials, behaviour, other indicators. I am young(ish) - 52, last I recall - so I set some $$ aside for the quick buck, some for the long draw.
All shares are executed & publicly traded for $CMGO (except for 5MM × 2 basically "series b" shares that remain "unexecuted", if that is the correct term. Their creation is allowed, but they remain, well, uncreated (I have a tm on this highly technological term).
Something just doesn't feel right about the whole scene. Doesn't mean one cannot make some quick money, but it does give one pause...even if the relationship is only a 1-2 week affair.
$MYMX was the first or second OTC I discovered & considered for the 10-15 year hold. $BIOC was the other. I still keep an eye on that, though I own none.
Looked to play fast & loose with $MYMX shares for a few days to cover $CMGO. I am aware of the Anergis situation, although not in as much depth as yourself. Fast & loose = Cross fingers & hope option isn't announced in that 2 day period. Likely would have been ok...Likely. But it is here nor there, as the necessity has come & gone.
My impression was Anergis is looking for more outside funding...seemingly to pull the trigger w/$MYMX.
Assumption - Mr. Kemper's truly & sincerely has shareholddr intedest in mind. That we are all in same "shares boat" supports that view. I assume you believe he is the "turn-around guy" he is sold as.
Question 1 - Anergis aside, do you put any stock in the NIH funding w/Texas? Buys us a lifeline for 5 years should all else go to shit, yes, and my understanding is Phase 1 HIV testing very positive.
Queston 2 - See any likelihood one of the big 4 or 5 pharmas nips $MYMX off early, buys whole company for what would amount to pennies on the dollar?
You are/were very gracious with your knowledge and time. Please know it is appreciated greatly.
There is no way on God's green Earth I would sell in the 2's. Well, maybe if I was starving...literally. Of course, I would let you know. I know how strongly you feel about $MYMX. Although I don't believe I have been holding as long as you, I have been with it for a couple years now, and plan to be in the future.
Until Dollarland or death!!
No, I sold end of last month just to trim a little profit off the top and bought back next day or two...At a discount. I was just seeking some short-term funds today, 'till early next week.
Having followed your posts for a while, I would be interested to know your thoughts on $CMGO. They have a board on ihub which has been quite active the past week. While I am no financial expert, the financials seem intriguing and the board buzz is almost uniformly positive. Currently at .008 or so, there is the usual ".01 on Monday, .03 by end of week" bullshit talk, and the stock has gone up 5%-8% a day or so with a 8% gap overnight.
The board is talking about "churning" and heavy shorts stalling the Longs as the main reason for failure to launch, but I just don't know enough to know what to make of that. Also, no audited 1st quarter financials or required paperwork has been filed yet...Just kind of "back of the envelope" type shit. Don't know.
If you have time over the weekend and are interested, if you check it out I would like to know your thoughts. If no, no worries at all. Could be worth your time, could not.
Thanks man. Have a good weekend.
Just realized I violated terms of service (discussing stock besides $MYMX. Oops. Started out ok ?? Cant send private messages. If you would rather get my private email, let me know.
Tripled up on shares today at .0075. Looking to do the same Monday at the same price...at least doesn't look to be a problem. $CMGO has potential down the road, once they put out solid, audited financials with some meat on the bones. Looks to be a competently managed company, as far as my limited knowledge goes (and Jesus, is it limited...), and if they can land one or two of those 1MM+ contracts they are in discussions on, that would make a nice splash.
Hope for solid & stable low-range .01's by end of June and perhaps .02-.03 by the end of the year, depending. A 300% overall gain, doubling my initial investment every two months or so. Beats what I was pulling with Apple!
All in my VHO, of course.
I am certainly no seasoned trader, so maybe I just don't know what I am talking about here, but perhaps if the CEO/company posted news somewhere other than ihub & company website, the word would get out more. There is nothing, zip, zero, zilch on my TD Ameritrade news feed. I assume the same of other platforms.
Or does company want to keep all this good news a secret from 99% of the trading public? Is that a strategy in this case? Try and keep the stock price down?
Someone please riddle me this...
$MYMX is priced at .0399. Volume is zero. There is one measly little 10,000 share ask priced at .033 on L2 (well below the current listed share price). Ask shares priced normally/rationally after that. The 10,000 @ .033 ask seems to also be keeping the bid price artificially low at .0259 (the bid price should be about what the ask price currently is, historically).
I wanted to sell today. However, I refuse to take a 35% haircut on my shares. I would buy the fucking 10,000 @ .033 just to get it out of the way, but I don't currently have the cash in my account.
Ask < SP = nonsensical...especially by almost 20%. Anyone have any insight?
Thank you kindly.
I ask because I am newish, I am learning, and I don't know how to mathematically or informationally determine the end data I am looking for yet...
Does anyone have any insights as to support/resistance numbers, both up & down? I have simply not learned how to run those numbers yet and I have the feeling that time is a somewhat limited commodity in this case.
Thanks for any insights.
Lol! I have a small nut as I am just starting out, but a couple weeks off would certainly be doable and in order.
Yes, you are correct, of course.
Got lost in my decimal points and zeros.
Agreed. Copany actually cares about shareholders.
I am new to this stock but one of the main reasons I am buying chunks in is the way this company views the role of the shareholders. They treat us like we matter and one can see that in their past & current actions. I feel comfortable here.
Nice .0006 gap up after close. Friday might show us a nice move. Over .002 not out of the realm of possibility...of course, neither is .0065. However, the positive vibes around this stock leads me to believe the former is more likely than the latter. GLA!
Still waiting to hear back from them...
Sent an email through their website last week regarding release date, who supplies drone, when I can get their system. Silence was the only reply. Doesn't instill much faith.
It's a great idea, and my wife had the exact same response I had when I first came across the company...its the video doorbell on steroids. Taylor - the "face" of the company - has a sales background, however, not a security background.
From what I can see, flip a coin - it is either a shit stock or will make some people rich.