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I'm talking about the Outstanding Shares which, per the OTC is at
4,584,705,385 shares.
http://www.otcmarkets.com/stock/MTVX/profile
I'm not talking about the Authorized shares -- which in my scenario becomes 5bil shares.
They can buy back 400 to 500mil shares @ let's say .008 or .01. . . that's $3.2 to $5 mil. A decent amount, but "do-able" when this Company starts gaining traction. THEN a reverse split of let's say 4/1; add the retirement of 1bil+ of shares and you have around 625mil O/S!
Very plausible and not wasteful. I'm talking 1 to 2years out, not next week or next month.
IMO, I think a R/S will happen, but waaay down the line. First fins will be out, IR out of the picture, debt reduction, more contracts/deals, and being ON TIME with filings.
Then I think a share buyback and followed by an outright "retirement" of shares.
Then there will be talk of a R/S, of 3, 4, or 5/1 ... none of this 10,000/1 nonsense.
1year to 18mos out, IMO --- just in time for uplisting.
I agree, and it would also answer some questions --- and clear up perceptions for some. But, I don't think they'll come out today (hopefully I'm wrong) because the Shareholder Update was just 2days ago.
Hopefully next week.
Yup . . . It finally got "knocked down." It took a little over 1mil shares to knock down the 10k Ask.
Then another wall of 10k was put back up -- and I mean quick!
The CSTI wall is up and incorrigible ...
Exactly, and in a criminal case, the jury needs to be unanimous -- in civil trial, even 8-3 will do.
Nice post tick!
That's why I was thinking of money from the Cerner deal, which if some folks' calculations are correct, should be substantial - would only be a fraction of their profit.
Or if the lawsuit involving MonsterMoto goes well, again, a fraction of the settlement can "clean the books."
I agree with your premise, which is why I would not say for MTVX to divert money from revs and/or profits to clear out IR.
Just hypothesizing a possible "pay off" scenario.
Sorry for the late reply, got tied up in something. I say "half way there," because the calculation period requires $50,mil in cash volume, and we're around $27mil now (I thought we were $35-37ish million, but I was corrected) The chart that was posted in Post #88103 illustrates best (the column that concerns us is the "$ traded" column).
25mil being half of 50mil, so technically, just over half way there for the calculation period. So today, let's say on 50mill share volume, average price of .0015, the day's $ volume was $75,000.
I would love it if the debt could be settled sooner.
We just gotta hang in there...
No, but the calculation period for this deal is when Company has 50mil in $$ trade volume. Since this deal (April 21st I think), we're at 27mil-ish $$ volume -- half way there, and PPS went from .01 to .0015, and we're only half done!
I'm afraid what the remaining "half" has in store. It may be in MTVX's (and our) best interest to just pay IR off when they can afford it and get them out of trading (dumping) this stock.
Ahh crap! Well, thank you (and your wife), I don't know why I had 35million-ish in my head.
You're right, the $$volume early on was very good because of the higher PPS, and many more shares traded then too ... I bet it was the early numbers that I counted wrong (must've added an extra 10mil in there).
This looks awful, if I was MTVX -- if I received significant cash from the Cerner deal, I would attempt to illicit IR's cooperation in renegotiating to modify the deal, and outright pay them what's left that is owed. I don't know if that can even be done.
Thanks again.
I think before KAM (and I presume others as well) even considers buying back in, the fins would need to have come out, and the IR deal needs to be completed and they need to be completely out if the picture.
I respectfully disagree, I believe IR is more than half way through. This IR deal went into effect on 4/21, I think. Earlier, Zardiw posted a chart - thank you BTW - (Post #88103) of the daily volume and this chart also had the corresponding $$ volume.
Now, I didn't do a detailed check, but just by "eyeballing" it from April 21, I think we are more than halfway through by quite a bit.
Of course, until the Company comes out with a release giving us a "status" update of this deal, we're all just speculating.
Would be nice if they included this update in the "upcoming" fins. Was hoping it'd be out last Friday, but under the wise counsel of Arizzle, I'm no longer holding my breath.
I was way off on the 10-12mil shares short "guess." It came out to almost 24.5mil shares. Percentage wise, more that yesterday.
http://otcshortreport.com/index.php?index=MTVX&action=view#.U8mWIbkg_PQ
Still optimistic-ish, but frustrated.
Thanks. For now I'll call it optimism. Down the road, time will tell if my optimism was either lunacy --- or genius, haha.
I think you said you're still holding, so GLTY (and all of us) on this investment.
Great price true, but since this dipped below .002 [and since my powder is dry], I've been picking up shares with money I shouldn't be investing (gambling with), if you know what I mean.
But, I think when this ship gets "righted" and things turn around, I'm gonna kick myself for not grabbing what I could have.
GL to us all!!
Agreed
Nope, got 2 orders filled of 250k each @ .0016 today
(one on the Bid, the other on the Ask)
But, to tell you the truth . . . it's getting scary you know?
Hopefully, and NITE and CDEL aren't playing their games . . it appears the shares showing on L2 are true. Picked a few at .0016s, I shouldn't have, but they're so cheap now.
It's been shorted all week. I believe today will be no different ... we'll know how after hours. Don't think it'll be 30.4mil shares though, I'm guessing 10-12mil.
I hope not; the hands aren't what they used to be ...
I thought yesterday 30.4mil shares were shorted:
http://otcshortreport.com/index.php?index=MTVX&action=view#.U8l0qbkg_PQ
I know, I shouldn't ---- but, I am.
Fingers-crossed
I certainly hope the fins come out today "after hours."
Possibly, earlier I was thinking the 33mil shares IBC Funds received (per the 13G released this morning), were dumped today.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10098739
Yup. IMO, just as IR uses (I believe) BMAK and sometimes CDEL --- IBC Funds are dumping their 33mil shares via NITE. The volume would suggest that if one subtracts the 33mil from today's volume; we would have had a good trading day volume day -- instead of "ludicrous" volume day.
Possibly ... Lately FROZ/MTVX has showed a pattern of releasing big news on a Friday [usually post trading]. Maybe the FINS?
Again, good or bad --- just the mere release is a positive.
GLTY
It looks like NITE is taking BMAK's place today!!
A bunch of hits at his .0017s, and has no inkling to even raise it to .0018 ... what an obstacle.
I was able to grab 3mil more today, averaged down to .003 - - but with $$$ I had planned for something else.
Hopefully this pays off - fingers-crossed.
Hmm, thanks.
A lot of "13G's" involving IBC today alone:
APT is the fourth one down.
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001568262&action=getcompany
Am I reading this morning's 13G right?
Or, I'm just guessing here ... since IR recently has found itself embroiled in several lawsuits [and I surmise that they have a good case on some, and not so good on others], and it seems another one pops up every other week; IR needs cash now for legal fee$$.
IMO, they cannot sit and leisurely dump shares on mediocre (or below average) trading days. In MTVX's case, they won't trickle some shares during a 10mil to 18 trading volume day, with a 2mil to 6mil t-trade at the end.
The last couple of days there were big sells on the Bid, and a bunch of shares on the Ask (more than being shown on L2) with some [BMAK, CDEL, and sometimes NITE] who won't budge "up" into a little buying flurry. It appears they don't care about the PPS, rather, getting rid of as many shares in that trading day.
And then you mix in folks who are frustrated, and now we have a .002 PPS.
MTVX has a lot of potential, and like many of you, I'm hanging in there.
He is certainly not gonna let this go up. He never shows his "true" shares he has on the Ask. And today, we was joined by CDEL. However, I've noticed when BMAK and CDEL are playing, there's little to no T-trades post trading.
I believe JW meant 250k ...
BMAK, completely incorrigible at .0024. Showing 10000, really hiding millions. Would be nice to see what BMAK's true Ask is.
Is this an IR used broker? TIA
Yup. Hoping after FINS are released (hopefully sometime this week), MTVX can put out an FYI type of PR re: the IR deal, how "deep" they are into being paid back, do they anticipate "true up" shares to be [or not be] issued, etc.
Hopefully, but I think it'll be the same as the ticker change ... on Friday (before or after the bell, or even during trading day) for review and digestion over the weekend.
GLTA!
Informative post ... thanks