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Been trading since 1999
That by definition is millions
I strongly disagree. Of that near 3/4 billion OS size, how many shares are actively traded and in the hands of people?
Consider that the average monthly trade volume is less than 5 million, it would seems extremely likely that the majority of those shares are not traded or have yet to be traded.
It would take 50-100K US dollars to get this company to start an uptick pattern. This could happen, but may take months or years as people eat away at the available shares.
A decent OS size for me is under 250M for a pink sheet company.
Anything higher scares me.
Even worse
Agree! Beat me by a minute.
Seriously? I would bet this goes lower and I still wouldn't buy!
It is very hard to bust out of trips. The historicals show a cannon ball drop from a penny to virtually nothing.
Best bet is for a P&D, but this ship is sinking fast with a bloated share structure.
Share structure is restricted and gagged. Estimated outstanding is 1/4 billion shares.
Float is unknown.
ETEK current market share is 25K
Still millions needed for uptick and L2s change with volume and activity.
If this starts to get momentum someone might sit on the ask
with 50 million shares. Of course it might also fly high.
Is the general consensus that this was a P&D with no verifiable news, update or release from the company?
No change in share structure or filings?
I played CWRN years ago and it did the same thing then fizzled out. Same with BITCF.
Low floaters are always hot lol... Well when they rumble back to life
What was the volume on Friday? Any idea or estimate?
This is essentially a No Bid stock with No Volume.
Millions needed for an uptick!
I am now on a mission to provide the SEC with enough information to put their eyes on this stock and have it suspended.
There is more than enough fraudulent activity to do so and this is essentially an offshore company trading securities on the US market. Because of that, there is a much higher risk for fraud, abuse, and laundering with less chance of retribution for those involved due to their remote location, non-US government and policy.
The most likely action that will ever be taken is a suspension and trade halt. Nobody is going to go after these guys in the USVI and inside the USVI they could care less!
I sent a few messages his way [Ken Sobel] to various social media accounts and an email account. Ill post my results if he responds.
MMHC is the 4th reincarnation of this despicable scam.
I wondered that too. The real Mr Ken Sorbel has the ability and the right to send out a PR defending himself against MMHCs claims. He should do this at the very least.
Reminds me of that Pinksheet company, SAEI, which stated they were a precious metals and mining company backed by a prominent Russian Billionaire. Sure, this may actually carry for a bit but eventually the wind will blow the news his way and sure enough, the man himself fired back and next thing you know the SEC suspended and halted all trading for SAEI.
No difference here except Ken isn't a billionaire. If there's a formal response from Ken, I'm sure the SEC would like to see it and launch and investigation as to whether to suspend this pos MMHC.
Perhaps someone can get Ken to contact the SEC.
He denied being an officer. Not being President!
On the same note, is a VP an officer?
:)
He didn't deny being President.
Looks like it just moved out of No bid a couple weeks ago. Needs millions of shares at the ask to uptick.
Yep that's all u can buy can't sell this pos for a profit. Expect No bid
Wouldn't own this stock even if I was given free shares.
What was the volume here on Friday?
Helium 3 FTW! That would send this stock to the moon, right?
Yes. MMHC is now an illegal operation, a company operating illegally with millions of unregistered shares. These unregistered shares are just that, phantom ghost shares that are not reported, further devaluing this junk.
These unregistered shares were issued for settlement purposes and of course will be or are being dumped right in front of us.
In my opinion, it is a last ditch effort to squeeze blood out of an onion.
No bottom in sight. May not ever be one. For many stocks in this position there is generally one thing you can count on. Well perhaps two. First, the dreaded No Bid. Guessing we'll see this around August? The only benefit financially we will ever see from this stock is a write off.
Perhaps I'll become interested again when they decide to shop this dead horse around for a buyer. I can see potential in a company takeover, which would likely be a reverse merger
Pretty low compared to other pinkers these days.
I don't think anyone would even attempt to average down at these levels. It may have made sense around .0025 or somewhere back then. Now it's just scary. I don't see a bottom, and corporate doesn't keep us informed. They just increase the structure and dump shares to stay alive.
Going to probably be a No Bid stock soon, imo.
You're a funny guy wad!
You couldn't even ditch 100 million lol.
From the horse
Nobody is selling this low. It is the company. They've continually increased the structure and dumped accordingly.
Historical sinker
I would not buy this stock. See prior CEOs and current CEO. Scam scam scam.
Now unregistered shares are floating about. Going to no bid.
Then buy!
Perhaps now they have the funds to update their licensing and business status.
Not bad for an expired company!
Still nearly a sell away from hitting the 52.1 week low again.
Worst pinky ever!
Is this rock bottom or are we going back to the teens?
Hmmm.. I might try to buy another million or so next week
Sounds like a downward spiral. Might hit teens