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Held this stock before and made some money on it.
Tempted to get in now in trips but nothing I see here as a catalyst to move this up except for court decision on a patent that could take many months...not sure what would make this move otherwise
The foward looking statement about "vast" improvement..to me is telling. This guy isn't known to make such bold predictions even when pressed
I'm in this until the end of the year at least...will make a determination to continue or not at that point. Hate to pay Uncle Sam tax that I don't have to on my gains holding on to super long shot like this cross-years. If by December we know nothing more on this and it's not trading..not sure there is any realistic chance at all it will come back
Yeah...it's insane. Just shows that there is some value to be had from the typical pumper CEO in the OTC (which we don't have). At least we know we have a real business with millions in revenue per year coming..can't say that about almost any other OTC ticker I can think of (BTW..let me know if you know of another...:->)
.01-.03 are my plans. Not thinking beyond that here. Need to see the green on the topline first
Finally some common sense here..welcomed
All I'm looking for is the $1 Million or so topline result for Q3. The rest will take care of itself...JMO
They are MFKRS for sure...but hey when this hits $.01+ in November/December, longs here will get the last laugh..JMO
Next run will happen some time before earnings are out for Q3. It will be driven by speculation that revenue /profits will get substantially better (like 1000% better) and folks will want in before the release in case it does as expected based on CEO comments. Patience bow and allow the MMs to trade back ad forth here until then (it is what it is)
Just my opinion of course
Worthless security write-off for year end looks like
I'm not focused on balance sheet anymore. We know it will continue to improve as debt is paid off and dilutive effects will be mitigated through sheer volume. Focused on what the CEO said about the P&L and ARIA revenues likely be on target for Q3..means 1000% increase in revenues...if that doesn't get us past 1/2 cent and near penny or better ...nothing will apparently
When $1M revenue reported for Q3..in November...should see another run up past that ...can imagine a confirmed $4M revenue company trading for under 6M Market cap
The problem we have here is one of exposure and visibility which would drive higher volumes. Not sure how that can be solved other than everyone here posting what we know and the recent news on other boards which most of us I;m sure already do
Trips...?? Surely you're joking. Corrections like the one we're going to are painful for longs but this is a real business unlike most of the OTC P&Ds out there...you must be on the wrong board
Seems like any daily volume under 200 million and the MMs own the PPS...volume is their mortal enemy. I think the last PR was quite strong so it's a matter of time to get more eyes on this and get the volume up again
Use the ignore button on the note troll
Zig is my buddy..you can trust him .:->
Glad to hear pink is still with us by now he must own 200 million shares
That and that we had increased from .0018 three trading days ago..looking forward to this just being a healthy consolidation with new higher bid support forming leading to new cycle of growth
I has visited that territory in the recent past..so quite possible
That PR last Friday was very strong for this CEO
He's not the kind that makes predictions..but he did if you read it through
He said that he EXPECTED BALANCE SHEET AND P&L TO IMPROVE FOR Q3 REPORTING. We know the impact of ARIA revenues are coming and this company has been multi-penny before when it had real operations in the treatment market. Not saying here we're heading to silver but copper is certainly possible
Never made any real money day trading...medium term holds are where it's at in the OTC..and knowing when to get out when the getting is good
Were were at 18 beginning last Friday..I think we may be due at some point here for a consolidation day before the next big push past 4s, 5s..this is a marathon for us longs..not a sprint
Dip and Rip?
Most of the incremental shares since 2.9BN a week ago.. are restricted
I know you want to flip this and need to bash to lower the price...so carry on
More than half of that was restricted...stop spinning
U mean .0036?
You know it..Getting ready for a little boat ride...
https://www.boattrader.com/boat/2018-sunseeker-predator-68-7974471/
Multi-Day runner here is likely (to continue) because the run is based on fundamentals of growing company getting its act together that had been undervalued for so long.
From what we know about this CEO is that he is very conservative in his messaging. So for him to say look for improved balance sheet and p&L for Q3 at the end of his PR...is actually very significant and should inspire confidence among those buying here for medium or long term returns
Thanks. so the business description (below) may explain why they have e-commerce companies as principals in their shareholder list
BUSINESS DESCRIPTION
Through its online platforms, MW (MEGH) provides Business to Business e-commerce solutions in whole sale Food and Agricultural Products.
They should be averaging down. You can't always time an entry into a hot stock right..but you can take advantage of dips and avg down to improve your position.
If trade volume continues to be high they won't be able to do so for long...won't have enough shares to scare people from bidding up
This list of shareholders includes many large holders with Chinese company origins...e-commerce, hotel management, etc.
Perhaps this is a vehicle for all those companies to acquire capital for their operations in the US? So it's a holding group for all those chinese companies..but can't find any of them when i do a google search
https://www.otcmarkets.com/otcapi/company/financial-report/292575/content
Don't they have to get current by tomorrow??
To be expected. Longs..We know what we own.
Prepare to write off as worthless security soon. I don't see this one coming back from the dead. Hope I'm wrong
Yes sireee boys and girls...we have a real business here. Rare indeed for an OTC selling for under 1/3 of a cent.
Relax..that's what people were saying @18/19
Leave boob alone..not a good day for him today