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One of the key components of Goldberg's "reorganization" was a 1:500 reverse split. Seems he took up old managements bad habits of issuing huge reverse splits.
After two 1:500 reverse splits, MEXP still sits in triple zeros.
In the Goldberg interview that MEXP paid for, he also said the boat was MOMENTS away from setting sail to dive for treasure. That was on Feb 9 and quite a few moments have passed since then.
And they are STILL not diving. Something about past due dockage fees not being paid.
6 million at .0003.
Wonder who that could be.
Hope someone here got some at that price.
Mañana
You mean when MEXP hires some paid promoters and issues a fluff PR?
That kind of run up?
Then the fall back as the company dilutes?
Yes, glad you noticed.. Did you also notice the multitude of F's, or did you dismiss those?
In All fairness, perhaps read my entire post.
The people I see getting away with "stuff" is the company. Like Gagging the TA, and doing REVERSE SPLITS at a rate of 1:500. Now that's "stuff".
Hiring PAID promoters who are doing a very poor job of moving this thing.
Issuing false statements regarding their diving activities or LACK thereof.
That's the "stuff" shareholders should be concerned about.
Must be why MEXP is issuing these fluffy PR's with no follow up and no interest. The stock price is wallowing at bottom, can't move if it's life depended on it.
Meanwhile MEXP has paid for PR's, PAID PROMOTERS, PAID interviews, PAID conference calls, and...
Has issued misstatements in EACH ONE,
BUT they still can't move it. And they try so HARD in order to....
keep shareholders in the dark AND...
DILUTE THEM SOME MORE.
Welcome bob...just a comment regarding the float figure you posted. It was released in a quarterly as of December 31, 2011.
On March 2, 2012 MEXP issued a gag order on their TA.
On March 13, MEXP logged onto otcmarkets and posted the float from their December quarterly.
On April 12, the company raised the AS by 60%, enabled by 2 of the 3 principals (Scaglione & Goldberg) voting their convertible preferred shares (300,000,000 each) to increase the authorized.
Last but not least, MEXP has traded over 400,000,000 shares in the last 10 trading days with no change to the pps and obvious signs of dilution.
Just observations.
Today's dumping certainly did not raise that grade.
In response to your other question, I don't know the price of AWS, they didn't share enough details to know for certain. My guess is an exchange of stock, but just a guess. As they said in the PR, sales figures and revenue would be forthcoming.
With each PR, MEXP has lower highs and lower lows. Look at the chart, it confirms my point. All the while seeing increased MEXP volume. I call that DILUTION. Meanwhile they raised the AS by 60% and post a float of 282 million. I believe I mentioned the TA is gagged.
Villa Isabel PR, high was .0018
AWS PR, high was .0011
Yesterday's PR, high was .0006
The .0025 was hit on February 9 with the infamous Mark Goldberg Paid interview. However, MEXP closed that day at .001.
They need to figure out where the boat is and find the divers they said they hired back in February. Then get back to what they supposedly do....dive.
0004 x 0005
Successful traders focus on the STOCK they are trading.
In this case, MEXP.
There don't seem to be any viable publicly traded pink sheet underwater treasure salvage companies. Mainly there are those who don't care if they ever find an artifact, they would rather sell shares.
Most of these pinks are languishing in triple 0 land. Just like MEXP.
0004 x 0005 currently
26 million traded today, over 400,000,000 traded in the last TEN days.
But we're to believe the float is 282 million.
The Goldberg paid interview was a bust and full of inconsistencies (pc way to put it) F
The Villa PR B+
The paid Scaglione Conference Call F
The paid promotion F
The AWS PR B
Today's PR (generated no interest) F
Company follow though F
Company follow up F
Company transparency F
They are "continuing to pursue their exploration opportunities"? Didn't CEO Goldberg say on February 9 that the boats were moments from leaving to dive and hunt for treasure? Didn't Scaglione state on March 2 that they were hiring divers so they could set sail straight away?
Why aren't they diving? They say they have a boat, they say they have divers. What's the holdup?
Can they change? Perhaps. The question is do they want to change? Or do they simply wish to sell shares?
Some Talk, Some Do.
MEXP, SO FAR, has been all talk.
That was quite the follow up too. lol...
"Marine Exploration also continues to pursue its exploration opportunities in and around the Dominican Republic and has moved into the second phase of due diligence with regard to its Letter of Intent with the Isabel Villas Golf, Country Club and Marina"
I don't know about you, but I ALWAYS do my DD PRIOR to making an offer. The VILLA PR was issued in February and they are just now entering phase 2? I know of billion dollar mergers that move faster than that.
No follow up on the DECEMBER 2011 LOI, not even a phase 2 mention.
Do I even need to mention the word "diving"? You know, the thing that led some to buy this stock.
lol, most likely!
I haven't tried since Ullman isn't a MEXP officer and AWS is a subsidiary. Someone sent me some info on his son; he works for Dad and has posted here hawking his product. It would be in poor taste to post it here though.
Which case? MEXP has 2 court cases that I know of, and then Scaglione has his own court case to contend with.
Capted, if I'm not mistaken the someone who made the posts was you. Are you saying you didn't do your homework? As for who owes the divers, I'm sure many are aware that the party who says the JV owes The divers, is MEXP themself. That's why the case has NOT been dropped and is being defended by counsel as defined in the last quarterly: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=74708
Here's a few links to help clarify:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72382418
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72232461
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72232665
I understand our own Michael Scaglione was in court recently, something about him being named in a lawsuit? He's the same Scaglione who ignored questions during the cc about the preferred shares. Then he and CEO Goldberg voted that same preferred stock at a 10:1 ratio (giving those 2 principals 300,000,000 preferred shares each), all in order to vote in the 60% increase to the AS. Imo, the staged company "conference call" with secretary/treasurer/spokeman/attorney Scaglione is worse than no news at all for credibility.
So your question, ed, was "Why is a company owned by MEXP's attorney, called Alahmbra Billing MEXP $100,000 ??" Last I heard I don't believe Alahambra has anything to do with salvage work, diver's or boats.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72233813
Do share.
I'd love to see those AWS figures as well, Lord H. MEXP tends to leave out part of the puzzle much of the time - the finalization of the LOI's, the TA issues, etc. However if we saw some solid audited financials determining a positive financial reflection on MEXP's bottom line, it would be most helpful to all of us.
So I think we agree :)
Enjoy your evening!
And there you have it :)
377,000,000 shares traded in last 9 days. MEXP is Still wallowing at .0005
Still being asked to believe a 282 million float as well. lol
Appears Goldberg and Scaglione are up to their same old tricks...Lining their pockets, business as usual. At least that's what I gather from this post.
MEXP volume in last 9 days = approximately 377,000,000 shares traded.
Nine days ago, MEXP closed at .0005.
Today MEXP closed at .0005.
377,000,000 shares traded, No change in the pps.
Yet we're expected to believe MEXP has only a 282 million share Float.
Sorry, my ability for logical reasoning gets in the way.
In their most recent quarterly, MEXP stated:
"As of the most recent fiscal quarter ended March 31, 2011 there were:
Shares Authorized: 1,000,000,000 common. 100,000,000 preferred
Shares Outstanding: 422,127,644. 90,000,000 preferred
Public Float: 282,728,351 as of December 31, 2011
See how MEXP differentiates the dates by modification? So were those numbers good on March 31, 2011 OR December 31, 2011?
As most are aware, 2 of the 3 principals (secretary Scaglione and ceo Goldberg), voted their preferred stock at a 10:1 ratio, making those 2 principals have 300,000,000 preferred shares each, all in order to vote in the 60% increase to the authorized.
.
You must have misread or misunderstood, please try again.
I see. Well then considering your love of reverses and that you consider them normal, MEXP should work out well for you!
Actually almost everyone including myself thought a PR would come out at some point since it was leaked by the company. In fact, it was hinted for weeks the PR was coming THAT SPECIFIC WEEK. lol
I'm sure it won't be long before we hear the rumor of bigger better news coming. The problem? MEXP doesn't follow up, never has. We still have 2 LOI's with no follow up. Are we willing to chalk those PR's up as the "company misspeaks", again and again?
How sexy is it to reverse split the shareholders, 1:500... TWICE?
The numbers posted on otcmarkets may be the sexiest thing in the universe to some, but official?
No.
There's nothing official about the numbers on the otcmarkets.com site. The company posted the share structure numbers, and OTCMarkets confirmed it was MEXP who logged in to post those numbers.
MEXP posts what it wants people to believe...and the dilution continues.
Anyone know what happened to the TWO LOI's the company PR'd? Any word of those 2 LOI promises, dating back to 2011? Anyone?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75206324
I'll step forward...
NO, I don't believe them. All I believe is that MEXP posted those numbers on the OTCMarkets site on March 13, from their December 31, 2011 quarterly because those are the numbers they WISH traders to believe.
I do NOT believe those numbers were accurate in March, 2012.
ALL I believe is that MEXP diluted shareholders by 60% when they RAISED the AS to 1,600,000,000, just THREE WEEKS AGO. That was accomplished by Goldberg and Scaglione using their CONVERTIBLE PREFERRED SHARES - 300,000,000 EACH.
MEXP HAS TRADED OVER A BILLION SHARES SINCE THE LAST PAID PROMOTION.
IMO, this company has discovered it is MUCH easier TO SELL SHARES, than to EVER attempt to build a viable business.
That was generated by MEXP
You see, I don't believe a word MEXP says. After the CEO stated they were moments away from going out to find treasure, EVEN AS THE BOAT was still docked awaiting bail of $50k in past due fees.
Or the GAGGED TA
Or the PAST 2 LOI's that were NEVER finalized. Haven't heard a word about those. But now we have the greatest thing since sliced bread, a DEHUMIDIFIER!
What about the past fluff PR's?? Just forget the company gagged the TA just as they issued a PR, then hired a paid promoter to fluff it up?
THE TRUST IS GONE.
I do know something about previewing to the US government, and getting your foot in the door so to speak isn't difficult. Selling to them is a considerably more strenuous process. Bottom line, they have yet to even preview their product, much less sell them.
This product IS a dehumidifier and is NOT a new concept.
As for your comment regarding being "smart" to outsource jobs to China, I could NOT disagree more.
Wow
PREVIEW being the key word.
Are you aware of how many companies are PREVIEWED by the United States government?
One dd question: Are these DEHUMIDIFIERS made in the U.S.A?
Because Ullman's gadgets have typically been manufactured in China.
In fact, he was CEO of China Direct Trading; he outsourced manufacturing positions to Chinese companies.
Sure, It's in the stickies at the top of the page; the Mark Goldberg interview.
He incorrectly stated he's been CEO for 1 1/2 years. That they were MOMENTS away from sending our BOATS out again to start recovery, That MEXP was 60-90 days from being cash flow positive. This was all stated early February 2012.
Here's what is concerning, Goldberg does not have professional training or technical credentials in the marine exploration, development and operation of salvage vessels or in the collection and sales of salvaged artifacts. That fact is stated in a filing.
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=7209093-103537-107836&SessionID=1MlaHC9nzzMfA77
That plus the fact that on December 31, 2011 Goldberg swore the float was 282 million. MEXP's secretary/treasurer issued an opinion letter regarding that figure. His company, MEXP, posted that same figure on OTCMarkets on March 13, 2012. However, in this PAID interview, Goldberg states the float is under 100 million.
Inconsistencies, and a lot of them. Then the "inconsistencies" ( and that's phrasing it nicely) continued to the PR'd Scaglione "conference call".
NOT incorrect at all, moe. Plus I never said "find it yourself", you JUST now asked.
In fact I'm willing to help out this time. Here's the help you're looking for AND the disclaimer.
A little DD helps when trading these deregistered pink sheet stocks.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72665980
STOCKHOUSE DISCLAIMER:
http://www.stockhousegroup.com/?page_id=84
Fwiw, the OTC website you think is "official"? It is NOT. It's what the company submitted THEMSELF.
Did I mention the TA IS GAGGED? Now there's your OFFICIAL SOURCE and MEXP has ordered them to NOT report the share structure, since the last PAID PROMOTION.
You're welcome.
Youve asked for that link before, but here it is again
...IF I had to guess in light of THE INCREASED AS, and the fact that OVER ONE BILLION SHARES HAVE TRADED since the last PAID PROMOTION, I would bet its even higher still.
http://finance.yahoo.com/q/ks?s=MEXP.PK+Key+Statistics
MEXP LOVES that OLD figure being posted.
OVER 1 BILLION SHARES traded since the LAST PAID PROMOTION WHEN MEXP GAGGED THEIR TA
Why would anyone call the company and expect to get accurate and honest information? These are the people who told shareholders they were MOMENTS from the boats going out to find treasure. IN FEBRUARY.
Meanwhile the boat was STILL IN in dock with PAST DUE dockage fees mounting.
Boardmarks are DOWN to 137 today
When a company sneaks in a AS increase behind its investors back and stops communicating with its "bread & butter" investors, you know there is something fundamentally wrong.
That is how MEXP does business.
MEXP loves newbies to believe that old float figure! lol
... it makes it so much easier for them to sell shares.
That's why these pink sheet companies GAG their TA.
Let's face it, selling shares is what MEXP does best.