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Whoa nelly! Glad I didn't hold this PO! I haven't checked this in about a year so the sharp fall from the $8 area to here is surprising. I knew the executives were greedy pigs, but they are even greedier than I thought!
I'm glad I went elsewhere. WOW!!
I took a polite exit and sold, I only lost transaction fees.
Sadly, I think we all know what is next. They will do a massive R/S and raise the A/S exponentially. In turn they will dilute hand over fist causing the PPS to drop way below current levels.
Looking at the new CEO's history was enough for me. His recent claim to fame is running a penny stock newsletter, and before that a scammy failed beverage company. There is probably no intention here to restart production, just sell shares.
This is all I have found so far.
https://www.hkcompany.org/co.php?id=2039304
So they exist, but that's not saying much and certainly not proof that this is real funding. A big red flag is the fact web searches mainly only turn up this news and the fact a company by that name is registered in Hong Kong for almost 2 years. That's it.
I'm leery of this company, but doing some DD here.
MLFB Announces Letter of Intent for $120 Million in Equity and Credit Line Financing
http://www.mlfbmedia.com/mlfb-announces-letter-of-intent-for-120-million-in-equity-and-credit-line-financing/
$20 Million in Equity and $100 Million Line of Credit Offered to Fund MLFB’s 2016 and 2017 Seasons
LAKEWOOD RANCH, FL / ACCESSWIRE / February 17, 2016 / Major League Football, Inc. (MLFB) (“MLFB”, the “League” or the “Company”), a new, professional spring-football league scheduled to kick off in 2016, today announced receipt of a Letter of Intent from Asian Global Capital, Ltd to enter into a funding agreement with MLFB to provide MLFB with operating capital.
The funding agreement is expected to include a $20 million equity purchase of MLFB common stock, a $100,000,000 line of credit, and a right of first refusal to purchase a future MLFB franchise in Orlando, Florida, should one become available. Based on MLFB’s current business model, it has outlined future plans to sell off turnkey franchises to prospective franchise owners from its current, single-entity, league-ownership structure in its first two years of operations. Franchise sales of the League’s teams are scheduled to open to public bidding in 2018. The funding is subject to the negotiation and execution of definitive agreements reflecting the provisions of the Letter of Intent, including customary representations, warranties and covenants of the parties and other terms and conditions appropriate to transactions of this nature. The final terms of the funding agreement have not yet been determined.
“We have not slowed down our efforts to finance our league and enable 2016 spring football play for the 100’s of athletes drafted last week, their coaches, trainers, and the 1000’s of jobs we plan to enable in the cities in which we are fortunate to be hosted,” said Wes Chandler, President of Major League Football. “The speed at which we received this replacement financing offer, and the work of Ty Williams of Level 5 Global Corporation, who connected us to AGIT was exemplary.”
Washington, D.C.-based Level 5 Global Corporation provided advisory services to Major League Football to evaluate and qualify investment firms and funds to finance Major League Football. Mr. Ty Williams, Level 5 Global’s CEO added, “The short-term void left after MLFB disengaged from its previous firm was the opportunity we and our clients were eager and ready to assume. We believe in MLFB’s vision and are impressed with the organization they have in place. We feel that Asian Global Capital, Ltd. provides an excellent fit as MLFB’s financier. Asian Global Capital, Ltd is a recognized international investment firm with which we have been doing business with for some time. In a series of MLFB conference calls hosted by Level 5 Global, Asian Global Capital, Ltd quickly recognized the investment opportunity and the growth MLFB can provide to it.”
About Major League Football
Major League Football Inc. is a publicly traded, professional spring football league. MLFB is dedicated to creating an innovative, accessible, and fan-owned game, which is scheduled to kick off in 2016. MLFB’s strategically placed spring / summer season will fill a critical need for outdoor football at that time of the year when sports content is in high demand. The league’s teams will focus on emerging markets in select US cities in order to grow the overall popularity of the sport.
For additional information on MLFB’s nationally accessible ticket database and our sponsorship opportunities, call 855-MLF-BTIX (855-653-2849) to sign-up for your tickets now.
For more information about Major League Football, please visit our new website athttp://www.MLFBmedia.com
Safe Harbor
The information posted in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, such as statements about our plans, objectives, expectations, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “estimate,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “we believe,” “we intend,” “may,” “should,” “will,” “could” and similar expressions denoting uncertainty or an action that may, will or is expected to occur in the future. These statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performances or achievements expressed or implied by the forward-looking statements. You should not place undue reliance on these forward-looking statements. Factors that that are known to us that could cause a different result than projected by the forward-looking statement, include, but are not limited to; lack of available funding; general economic and business conditions; competition from third parties; intellectual property rights of third parties; regulatory constraints; failure to market and sell team franchises; failure to establish viable marketing campaigns such as televised programming, radio broadcasting, internet websites, and other mediums; those events and factors described by us in Item 1.A “Risk Factors” contained within our latest Annual Report on Form 10-K filed with the SEC; other risks to which our Company is subject; and other factors beyond the Company’s control. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
COMPANY
Michael Queen
EVP of Finance
Major League Football
6230 University Parkway
#301 – Lakewood Ranch
Florida, 34240
774.213.1995 ext.1007
m.queen@mlfb.com
INVESTORS
John Mattio
VP of Communications and Investor Relations
Major League Football
6230 University Parkway
#301 – Lakewood Ranch
Florida, 34240
774.213.1995 ext.1013
j.mattio@mlfb.com
MEDIA
Nick Athan – Vice President Media Relations
Major League Football, Inc.
6230 University Parkway
#301 – Lakewood Ranch
Florida, 34240
774-213-1995 Ext.1009
n.athan@MLFB.com
SOURCE: Major League Football, Inc.
We can only speculate. They are in "show us" mode right now. We are out of the basement (barely *we have a bid), but waiting for more info.
Did you guys catch the new site?
http://www.dnabrandsinc.com/
Not much, but it is something.
Domain Name: DNABRANDSINC.COM
Registrar: GODADDY.COM, LLC
Sponsoring Registrar IANA ID: 146
Whois Server: whois.godaddy.com
Referral URL: http://www.godaddy.com
Name Server: NS6473.HOSTGATOR.COM
Name Server: NS6474.HOSTGATOR.COM
Status: ok https://www.icann.org/epp#OK
Updated Date: 09-feb-2016
Creation Date: 07-feb-2016
Expiration Date: 07-feb-2021
I just drove by the new headquarters this morning.
My suspicions from looking at Google Maps was confirmed. There is no headquarters, only a UPS store they have a mailbox in. Technically this is allowed since it is a PMB (Private Mail Box) and not a PO Box, but it is terrible business.
This is an improvement over the fraudulent listing showing the vacant warehouse, but only marginally. I'm not buying anymore until we hear something solid from the company.
OMG there is a bid.
Unlimited basement ask gives pause. I wonder if Mel just paid a pumping newsletter to offload unlimited shares.
Corporate office location updated on OTC Markets!
This is big news to me! I've been beating the drum that they were committing FRAUD by continuing to include the old location as current! The old location was vacant. Now I get to check out this new location! If it is legit office, they may be rebooting.
Google Maps says it could be a UPS Store. Mel may just be using it as a PMB (Private Mail Box) service. I'll have to head over there to see if there is an office here, or just a PMB.
Either way, a PMB is better than outright fraud listing a long vacant office.
That block that just went through, nice. We'll see if it leads anywhere today.
Newbie? Remember this as solid advice is very rare.
99% or more of sub-penny stocks are outright scams, and about 90% of them aren't even good about hiding the fact they are scams.
Even DNAX here. They had a good product on the shelves, albeit limited availability for most of it's history. It even had high profile advertising for a while. That said, whether Mel was ever completely on the up and up is up for debate. This company has certainly engaged in outright fraudulent behavior at times. The Coke announcement was nothing more than a pump and dump scam, plain and simple. I suspect even the current lawsuit is a sham to simply avert attention, which will be revoked or settled before ever reaching a real trial.
I hold a few million here from 0001, but it is throwaway money. It is doubtful anything ever happens here.
Mel sucks, here's why I stick around.
I've seen similar basement 0.0001 stocks with similar share structure run over $0.01 based on hype of a possible lawsuit settlement alone. If the lawsuit continues, at some point we should get such hype that at the very least will move us well above the basement.
If that happens, or Mel grows a spine and does SOMETHING with the company, we move. Right now I am more hoping on lawsuit hype, those are some bad-ass pumps.
Sorry, this *IS* their office. I don't know why people like you lie through your teeth.
MORE PICTURES - DNA office still vacant!
Recently some posters here have called me a liar about the listed DNA office being vacated and even claiming I could go visit during specific hours. They went as far as to feign outrage that I point out their corporate information in filings is fraudulent. As a reminder, here is the "updated and current" corporate information.
http://www.otcmarkets.com/stock/DNAX/profile
Company Updated Profile
Contact Info
544 NW 77th Street
Boca Raton, FL 33487
Here it is on Google Maps.
https://goo.gl/maps/4CdTy57uoHJ2
And here are pictures I took a couple hours ago.
Sorry guys, but this is the reality. I have a few million shares myself, but that doesn't change the harsh reality. I do not appreciate the fraudulent information with OTC Markets. I'm sure Mel reads this board, so I will give Mel a week to update the info or give us an honest update, good or bad. If he doesn't, i am reporting the company to OTC Markets and the SEC for providing fraudulent information.
How can it be open when the only thing left are cobwebs? I doubt Mel sits on the floor in an empty office.
I posted pictures here months ago showing that the office was vacated. There was a 30 yard dumpster in the back full of all the furniture.
I suggest you guys get a clue and face reality. I am local and pass by the place a couple times a week.
That office is vacated. OTC Markets information is fraudulent.
We're pretty screwed here. Mel isn't doing crap, he's clearly moved on. Our only hope is that the shell gets sold to another company.
That's their van from about 5 years or so ago. That van was parked (probably broken down) behind the warehouse for the last year or so. It hadn't been used in a long time, was rusty and had cobwebs all over it. I took pictures about a year ago.
It is gone now, probably sold to a company that buys dead vehicles for scrap metal. The warehouse is vacated too. The address listed on OTC Markets website is fraudulent.
Source? Or just pumping?
ATTENTION NUMBER6! McBill is no longer with WRIT!
http://writmediagroup.com/about/
His info has been scrubbed!
Mel=Hamburglar, running off into the sunset carrying bags with dollar signs on them.
When is the R/S coming? Anyone? TIA.
WRIT will probably continue PM'ing people offering to sell them blocks of shares below the the bid price.
That's really all he has to offer is shares. That's all they ever had to offer.
If there is a rebranding/merger, it is not at the same warehouse-office. The whole place was cleared out. The dumpster was full including office furniture.
I have a small position here, but things aren't rosy. I won't give one more penny to this guy until he shows me something. He claims to be going current, yet his listed corporate address is wrong. He either moved out or was evicted. I posted photos here that prove it.
Anyone interested in playing old Amiga games would likely be technical enough to install uae. If they aren't technical, Cloanto's Amiga forever install very easy and is relatively cheap.
For a specific phone version it takes a tiny bit of technical background, but who honestly wants or needs old desktop games on a phone? Besides, there is at least one open source project to do exactly what WRIT is proposing that will be free and released very soon.
WRIT has nothing but cold air. They never had hot air, only lukewarm air once upon a time. I can rattle off all of the major "amiga" sites with links and you would be amazed just how negative the reaction is. That $143 donated to Kickstarter? I doubt a single penny is from an actual interested user. It is probably starter seed money from bogus users by people connected to WRIT trying to show some interest to lure others in, but it isn't working.
The "amiga" name has been sullied so thoroughly and completely for so many years, there is no value left in the brand. I don't know how much involvement McBill has left in WRIT these days, but he pretty much single handedly killed any chance for the brand name more than a decade ago. Coleco, Odyssey and even Tandy brand names hold more value these days than "Amiga". When people hear the name "Amiga" in 2015 they think failure and/or scam.
Update on WRIT's Philip Kueber.
http://www.reuters.com/article/2015/09/24/usa-fraud-cynk-technology-idUSL1N11U17Y20150924
WRIT's Philip Kueber pleads guilty over penny stock fraud.
http://www.businessinsider.com/man-pleads-guilty-to-penny-stock-fraud-that-pushed-cynk-technology-to-6-billion-value-2015-9
The very same Philip Kueber
http://www.zoominfo.com/p/Phil-Kueber/1618528352
Same guy who gave you such classic pumps as this:
http://www.businesswire.com/news/home/20110310006960/en/Front-Row-Networks-Projects-35-Million-Revenue#.VgVs9MkeocA
All credit goes to number6 as the original source.
http://amigaworld.net/modules/newbb/viewtopic.php?topic_id=37892&forum=44&start=320&viewmode=flat&order=0#769194
https://en.wikipedia.org/wiki/UAE_%28emulator%29#Portability
UAE (emulator)
From Wikipedia, the free encyclopedia
UAE is a computer emulator which emulates the hardware of the Commodore Amiga range of computers. Released under the GNU General Public License, UAE is free software.
Portability
UAE has been ported to many host operating systems, including Linux, Mac OS, FreeBSD, DOS, Microsoft Windows, RISC OS, BeOS, Palm OS, Android, the Xbox console, the PSP and GP2X handhelds, iOS, the Wii and Dreamcast consoles, and even to AmigaOS, MorphOS and AROS.
And now ROMS.
Legal kickstart(think bios) ROMs may only be sourced under license from Cloanto:
http://www.amigaforever.com/
A partially compatible open source Kickstart ROM could be licensed here:
http://aros.sourceforge.net/
At last check, neither Cloanto nor the AROS team have been contacted about license of their Kickstart ROM.
Use your nose, this doesn't even come close to passing the smell test.
Number6 on Amigaworld is the real deal. His research is spectacular. He isn't an investor, he is just one of the best, if not the best, "Amiga" historians.
Writer's Group probably should have done research before targeting the brand name Amiga for self-serving shady pinksheet operations. The "Amiga" brand name has already long been associated with frauds, scams, incompetence, and outright buffoonery. Whatever ill gotten funds they have already milked from pink sheet marks unaware of "Amiga" history is all they will get. As expected, this Kickstart campaign is a lead balloon.
That isn't even getting into the fact that anyone with 2 brain cells to rub together can already play old Amiga games on their smart phone, and have been able to for a decade.
This is one of the most pathetic scams I have ever seen.
You need to improve your math capabilities, or need to get a better broker.
Bid sitting is over! Big ask slaps @0002!!!
They can't go current, their address is wrong.
Work through the 2s and see 5s or 6s this week!
Probably not necessary but thanks. I'm an "Amiga" historian and what this company has been doing over the last 2+ years is shockingly transparent.
Great, I will call the SEC today. Thanks.
Holy crap is Mel diluting today! 250M ask? MM accidently showed his hand.