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I can think of a few possibilities:
- Maybe Jimmy's friends got a few bucks together and bribed/contributed money to George Pataki's presidential campaign in exchange for a pardon on his first day.
- The Cubs are in the playoffs putting us that much closer to the end times.
- Maybe Oprah bought a 10% stake in CyberKey along with her Weight Watchers stake.
Or maybe the some market maker traded one share at .001 to see if they could get a rise out of someone.
This shell should be absolute poison. Hard to believe anyone would want it. Now if each share came with Jimmy's picture on it or Finger's picture (remember the mascot?), that would be a completely different story.
Maybe you can get a piece of one of the ten $5,000 palm trees he had planted at his house. Shipping may be additional.
Now at $1 asked, 80 cents bid. Thank you Tom and the clown attorney who helped make this possible.
I knew about IVFH when they were considerably smaller than they are today. I liked the B2B model.
Half the business is now B2C as a result of the FD acquisition. It is a difficult transition to make but one that must be made if FD is to be successful.
There are other businesses out there that look really good, but they are always missing something. Sometimes it's cash, sometimes it's a completed product. All too often, it is competent marketing. I recently invested in a tech company run by an engineer. Huge mistake. He spent all the cash he had developing a product leaving $1.35 for marketing. Not like he had a clue how to market anything anyway.
Management quality is so important, especially in small businesses. Few companies are fortunate enough to find the right executive with the right skills when they are needed. Sam did a great job bringing this company back from near death at the hands of prior management. People with his contacts and abilities don't come along every day. He made IVFH a viable company before the debt overwhelmed it.
Never left. I just went silent for a while.
One can cut costs just so much. At what point do you hurt production quality, product development, customer acquisition and retention? FD has been aggressively cutting costs for more than two years. They have made substantial progress. But like everything else, there are diminishing returns in cost cutting. And cost cutting has nothing to do with growth.
The key to success is customer acquisition. Volume, not price, is the critical factor. Price is very hard to increase. Maybe you have noticed that the company runs sales at times. Price cutting can be an effective marketing tool. Unless, of course, one has to cut prices with great frequency to maintain volume or cash flows.
If the answer you are getting is more cost cutting, then maybe you need to press a little harder for answers.
And after more than a year the plan is what?
Nothing crazy about it. Whatever problems they have in China, you can be sure they are worse than reported. Commodity prices are all taking major hits with more likely. As soon as the dividend goes, the institutional investors will hit the exit. Most know and are getting out now.
$1.30 may be optimistic. This is not a slam on the company or its management. They are simply in the wrong industry at the wrong time.
$1.30 bound. And that's if gold holds 1,000.
You want to grab that falling knife with both hands and really load up the truck. I prefer to wait. I'll miss the bottom, where ever it is. But I do believe it is not close. 1080 will fall, then 1,000 and then we'll see. No capitulation selling, no bottom.
So far the decline in gold has been steady but orderly. Wonder when the capitulation phase starts.
That's the point. No one cares. Not the SEC, not FINRA, not the FBI and not the Florida AG. I wrote to them all and will begin further actions in the near future.
Between that dirtbag lawyer at SRFF and a management team intent on profiting at shareholders expense, the whole lot of them should be put on trial.
Curious to see if PFO Global acquires the ENRG patents from Mohit. Anyone have a clue?
A correction in the market is long overdue. Tech companies, private and public, are valued much too highly. Personally, I'm not interested in companies without earnings or the prospects of earnings. I like things I can understand. That's part of my interest in AUY. Mining is a relatively simple business. It's all a matter of understanding where you are in the cycle. Of course, the stock cycle tends to be 6 to 12 months ahead of the earnings cycle. That's what makes it interesting.
If the market tanks, I doubt it will be severe or long. There just isn't anywhere else to put money. Commodities are dead for the next 12-18 months. Bonds are toxic. Europe is improving but could slide back. China fudges numbers so much as to make our own government look almost honest. In the end, where else do you put trillions in money looking for return? The US markets are the only game in town. Has been for the last 5 years. Will be for the next 2 to 3 years at least.
Enjoy your position. When you are 50% underwater, let me know how much you are still enjoying it. Still not enough gold bug blood running in the streets. This sell off has a ways to go.
It went too high on the upside and it will overshoot on the downside. The continuing crash in copper isn't helping AUY either.
Have it your way. Normal investors just don't have the word 'fiat' in their vocabulary. Then again, this is a gold stock.
I know several gold nuts who have been calling for the end of the world as gold has fallen $500 an ounce on them. Love these one directional investors. Refusing to change with circumstances.
I knew enough to avoid this at $3 and I won't touch it at $2
The word 'fiat' is the clue. So you are a gold nut. The world is coming to an end, we all need to repent and lay in our survival supplies.
Sorry, I'm not buying this nonsense. People still have faith in the dollar, at least until the next election. Gold will again have its day, but it won't be soon.
Interesting. So the Dow is up 142,000 points, interest rates are rising rapidly, oil is plunging. Only stocks and precious metals are rising.
You don't happen to live in one of those states where pot is legal, do you?
The entire commodity bubble is about popping. Worldwide growth is slow but positive. Interest rates are about to rise. The dollar is strong and going to likely get stronger.
There is no reason to hold gold. It will follow oil and plunge. I think you will see gold below $1,000 and oil back in the low $40's by mid fall.
It will have to go through $1.30 on its way to 80 cents. This company cannot survive low commodity prices for very long. Too much leverage.
Good luck catching that falling knife. Not everything that goes down must come up.
When gold breaks $1,000 and copper hits $2.20/pound, then it will be time to buy. AUY should be about $1.30 by then. Commodity deflation can go one for several more months.
It's over boys and girls. Years of mismanagement and mistakes have culminated in one last disastrous effort to sell the company and the patents. Our attorney was unable to find anyone on planet earth willing to pay anything more than a bucket of warm spit for the patents that we paid millions to develop and support.
In one of the hottest sectors in all of tech, wearable technology, they were able to find no one, absolutely no one willing to pay more than $30K for a ten+ year option that someone will violate an Energy Telecom patent. Incompetence? Possibly. Pay off to the fellow who came in to become the temporary CEO overseeing this extremely disappointing sale? Also possible. Is there a third alternative? Worthless patents? Doubtful. More like incompetent marketing.
Any way you run the numbers, the shareholders got hosed. Send the attorney a letter and let him know how happy you are.
No need to apologize. Maybe you haven't seen this movie before. I have. The stock gets killed. The CEO did it.
Maybe this one has a twist. You never know. Maybe someone else kills the stock. Either way, great drama, lousy investment.
Good luck to you.
Laugh all you want. I have seen companies commit to more shares than they have authorized many times. Apparently it is not fraud because it happens all the time. It is usually done with options.
So tell me, how are they paying these guys? Are these guys like Peace Corp volunteers or the Mother Teressa's of down and out pinky tech companies? Think they work for tips? Or maybe, you just don't know but should assume that there are many more shoes to fall.
After all the screw ups, why do you continue to assume that this has a happy ending? You must be new to penny stock investing. Optimism is usually fatal in these markets.
You are taking about a company that obviously neither tested their service before launching it nor watched their only video before releasing it. Would it surprise you if they failed to file an increase in shares?
So you seem to know, what are they paying these two high powered people they brought in to save this company with? Think they are working for $15/hr. plus a generous 3% match 401K plan? Or do you think Ken basically turned over a huge chunk of the company to salvage something in this disaster?
I don't care what Nevada says. Common sense tells me that either these two new people are absolute clowns or they have a deal that is going to mean significant dilution. I'm guessing they aren't clowns and they expect to get paid, well, if they can salvage this company.
Sad to say, but yes, I think a genuine effort was made. I think these people are in so far over their pay grades that they are completely incapable of running a business. The technology is the easy part and they have screwed it up. Their initial marketing efforts were nothing short of disastrous. Why would there be expectations that it all suddenly turns around and catches fire?
This company is everything that start-up tech penny stocks represent. The only surprise has been how the management has been so much worse than even the typical penny. Launching a product that was untested with a video that would have embarrassed a high school AV squad for its mistakes and amateurish feel tells you everything you need to know about the potential for success.
I am so glad I bailed days after the launch.
I think 250 million is wildly optimistic. If you assume the two new guys are worth $300K each, at .003 per share, that's 100 million each. If they are any good, make that 250 million each.
But it doesn't matter. To conduct a proper marketing campaign, this company will begin approaching 100 billion outstanding, maybe more. That assumes they live that long. Bad news begets more bad news. No news is bad news. This company is in a wirld of hurt. No organization goes from complete screw ups to masters of their domain. It just doesn't happen. It won't happen here either.
Connex - welcome to the dark side. This was a disaster waiting to happen the second that app failed.
There is a stock market saying that 'bad news begets more bad news.' It holds doubly true for penny stocks. MBHC hit .002 today. .0019 is hours away.
For those thinking they know the market cap of this POS, either the two guys they recently hired are complete clowns or they had to pay them a boatload of shares. They have no money to pay, so they had to pay with shares - your shares. Would not shock me if the outstanding shares are 3 to 5 times what most people think it is. Maybe more.
I appreciate your point of view, but honestly, there are far better places to speculate. You have to believe that .003 is in the cards, at least over the next 30-45 days. I just don't understand the willingness to accept a 30% haircut.
There are companies out there that need one thing to go right to explode upwards. This one needs a series of things. And I just can't get past those preferred shares that tell you that your ownership means nothing to management.
If you are still interested in this company knowing all this, then all I can say is 'good luck'. It looks like a pointless financial suicide mission to me. The game is rigged and your chances of winning with MBHC are much poorer than they should be.
Baussman, let me credit you for laying out the facts so clearly. You got everything right until you came to the conclusion. Those are all reasons to assume that this will fail just as so many others have failed.
As much as I loathed Bush 43, I am open minded enough to see that BO has also been a failed presidency. Mr. Bland is no different. He has done so little correctly that you have to question the objectivity of anyone who would support what he has done. To come to the conclusion that a string of ineptitude, under funding, no legit 'adult' in the board room, proven marketing incompetence and badly implemented technology yields success is simply wrong.
Mr. Bland may be marching to the beat of his own drummer, but there is absolutely no indication that his direction will prove any more successful than those who stayed in the beaten path. This is purely a leap of faith that makes betting on the longest shot at every race at Belmont look like a winning strategy.
There is nothing more entertaining on a stock chat board than the comments that it's not a loss until you sell. Nope. It's a loss. However, as we saw with this POS, the opposite holds for gains. It's not a gain until you sell. 1.2 cents one day, .6 cents the next. .4 cents two weeks later and on its way down.
All blame, every bit of it falls at the feet of the CEO. You really have to wonder what he does all day. He has no private equity firm to answer to. He isn't running a marketing campaign. That needed to be done months ago if they tried to launch 3 weeks ago. Then again, we saw no effort to market the launch so maybe this is a new kind of company - one that doesn't believe in marketing. Yeah, I like that. A consumer services company that believes in a no marketing policy. That could be newsworthy all by itself.
Either this CEO is a dope or he is an absolute genius. I have my opinion.
Baussman, when it comes to being objective, there are two sides to this issue. There are the bashers and then there are the delusional. One looks at the situation as it is. The failed attempt to launch an app that never worked and was never tested. Videos with a guest host who didn't know the name of the company that signs his check. Can't blame the Indians for that fiasco. Then there is the lack of communications for several weeks followed by a press release simply stating that everything we have done to date has been a failure and we have to redo all our technology.
On the delusional side we have those that believe averaging down on penny stocks is a quality idea. We have those who feel that as long as the CEO hasn't hung himself in the bathroom yet there is still a chance. Some believe that a pump and dump is going to hold the window open long enough for them to get out even. And still others who think that a company with barely two nickels to rub together and so completely lacking in technical skills is going to suddenly become a marketing juggernaut over night.
Sorry pal. The bashers win this one going away. You are a huge longshot to make a penny in this if you stay the course.
Building an app is the easy part. Marketing it is the hard part. Someday, if they don't run out of money first, they'll issue something that works.
And then what? How do they differentiate themselves from the 20 or so other competitors? How do they draw attention to themselves? Hint: They can't run the Leonard Marshall clip on an endless loop.
Nope - not seeing this work out. A team that can't do the easy stuff certainly doesn't bode well for the tough part yet to come.
I'm out. No reason to ride this down to .003. The people running this company are clearly in way over their heads. They can't get the technical part working and they can't or won't communicate with shareholders.
These are the easy parts of this business. The marketing is far harder. MBHC's complete inability to communicate with shareholders bodes very poorly for any ability to market that they may have. They will fail. All the signs point that way and to hope for any other outcome is misplaces optimism.
There is a difference between a quality stock moving up and down and this POS. Penny stocks have this nasty habit of going down, then going down some more, which leads to a larger decline and then they sit at .0001 for the next 10 years. There is absolutely no reason for optimism for a POS like this with arrogant management who believes shareholders got what they paid for and that's all they will get from management.
These clowns not only can't run a company. They obviously have no idea how to handle a public company. I can't wait for the next pump. The selling into that one will far surpass the volume in the last week's disaster.
And if I was the Pope, I'd have a zillion Twitter followers. But I'm not and the people who run this POS on track to be the subject of penny stock ridicule for the next ten years. You have to admit that even by penny stock standards, this was a disaster. And here we are, almost a week later, and not a word from the company. Pictures of them celebrating a failed launch from the bar, but that has been the extent of it. De-Freakin-Plorable.
And if it trades at .0006 that's a 90% decline. So what? I can do math. What does that have to do with a management team that proves their incompetence on a daily basis? Where's the PR explaining the disastrous product launch? Still haven't seen the PR announcing the product launch? Where did they announce it? Never hit the major newswires. Never saw it on TDameritrade. Absolute clowns.
Utter nonsense. These people are supposed to be professionals. They are supposed to get it right. The mistakes are supposed to be the exceptions. These clowns have nothing but screw ups from technical to managerial. Just what have they done right?
This is beyond a clusterf..k. This is a spectacular clusterf..k with oak leave clusters.
When you see a company do as much wrong as this one has, why wuld anyone think that they will ever get things running right? Apps don't work, no communications, poorly produced interviews,... It's a clown show. This is a pure disaster. Frankly, this management team should win some sort of award for their incompetence. It's staggering.
The time has come to recognize that this company is run by people who would look up to amateurs. They follow up a disastrous launch with silence. They issue shares that insures complete voting control. They offer an interview that features poor audio and video quality as their premier product.
It's one screw up after the next. This one is going down hard. These guys may be well meaning but completely unprepared for their market. How long before they announce that they need more money and the serious dilution begins?