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There are a good number of us who have been in this stock for several years. The last management group was a bunch of crooks and took advantage of the shareholders. There are hundreds of millions of shares purchased between .0001 and .01 and most of us old shareholders assumed the price would never move up.
The other day, I happened to look at my online account that holds my MPIX shares and was surprised to see the big jump in value. I then came over to this board to see what was happening. I have not sold any shares to recoup my losses but I am sure you will see a lot of selling as the share price tries to move up towards a penny. There will be a fair amount of resistance as old shareholders simply will not believe the new management will be any better and will want to take any profit they can and move on to other stocks.
In my earlier post today, I wrote that we would need to see trading in the hundreds of millions to have a chance to move towards a penny or higher if the new management truly has plans for MPIX. If they do, then today's trading is healthy and we need to see a lot more of it to get these old shares into the hands of new shareholders. Just my humble thoughts.
Volume will tell the story as we wait for news. If we see a hundred million or more shares traded a day, the share price will follow. Several hundred million in a day, the penny plus level can be hit.
I personally would be surprised if they mentioned share structure now. My guess is that they will wait to see the profit potential of this mine so they can determine the amount of capital they will need for additional permits and mines going forward.
If the mine is very profitable and management wants to get a better handle on reducing outstanding shares, the reverse split ratio will not have to be as great as less new shares would have to be created after the reverse split to raise capital.
If the mine is profitable, share price will rise nicely on a percentage basis before any potential r/s will happen. Those investing/speculating now will do very well. Let's just hope there is a lot of coal to be mined.
I agree.
The only thing I want management to concentrate on is to determine how much coal there is and then to begin mining. All the rest (social media and their website) are secondary. Revenues will drive the share price. The company planed on using July to test and then begin mining. Let's see what they report to all of us in two weeks?
At that time they can increase the number of employees and update their website and start promoting the company with real information.
I agree.
The only things that matter in regards to FCGD being a real coal mining company or not are;
Do they indeed have a permit to mine
Is there a significant amount of coal on the property
Can they mine it at a profit
Will the mining generate enough revenue to purchase additional permits and fund future mining
Is the information shared by the company so far true and accurate
The above will tell us if the company is truly under new management or if this is another scheme to dilute shares and fund management's pockets. If it is new management and the above questions are answered in a positive way, then present shareholders may be rewarded nicely.
For those who are coming to this thread to say the company is a sham have a perfect legitimate reason to feel that way. From reading the company's history, it has been a sham. For those speculating their money now, we will enjoy great profits or like those in the past, lose some money if they pulled another one over us.
Yes, but may start with an initial order of 50M.
I do not know the poster who said he might put in an order for 50m? He may have been kidding, not had a chance to do it yet, or changed his mind?
I agree 100% but honestly that is the case with most penny stocks. You have to hope their story is so good that speculators come in or better yet, you get lucky and a honest concern has come in to take over the shell.
It shows 43 million but we do not know if the market makers have other large orders (or their own orders)ahead of the 50m order and want to get those orders filled. Better safe than sorry in placing an all or none. If your order does not go off, you can always decrease your amount.
You are absolutely correct that the .0002s will be harder to unwind unless there is a definitive update from the company that mining has begun, their forecasts are correct, and they anticipate additional permits soon.
As you know, penny stocks move mostly on psychology. The story can push a penny stock up hundreds and thousands of percent. Once people start jumping in, those already in start pushing back their ask price as they are hoping for a huge pay day instead of taking a small profit. For a short period of time, even on a stock with this many shares outstanding, the price moves up crazily as speculators hold on for the highest price.
The trick is to not get to greedy when you are in a stock that is going through a feeding frenzy.
He would be silly not to have an all or none. Plus, he can report here if his order went off.
Yes-even small orders I placed over the past few days took a little while to fill. If and I note if, they have started mining, some big buy orders will come in and the .0001s will be finally gone.
The fact that the ask has gone up to .0002 a few times in the past two days may mean we are close. A 50M order going off quickly at.0001 may mean there are a lot more .0001s to go through.
Curious to see how quickly your order will take to get filled at .0001?
If there is revenue and profits, you will not care about whether or not there is a reverse split. Once profits are made known, the present share price can easily move to .01 or greater simply due to new investors piling in. Initially, the amount of profits is less important as people will see that management has taken a shell and turned it into a real company. If that is the case, you will hear of more permits and new projects which may add to the share price.
If management is smart, they will need to do a RS after they become profitable. In the mining business, it is difficult to raise cash through normal lending. A RS will give management a chance to authorize new shares so they can raise money for the new projects. By then, all present shareholders who have an average cost per share close to .0001 will be very well off.
A RS, only when the company is profitable, will show investors the management is serious and the company is no longer a shell.
With that said, a RS before revenues come in would have to be done purely as a last resort to raise future money for additional permits. One of the last updates noted that capital was secured for the present project. If that is truly the case and mining has begun or about to begin, I feel comfortable in risking the money that I have already speculated with.
Would love for someone, who lives nearby, to visit the site. I would but live way too far away.
Let the new management focus on running the business. If they do start to mine and turn a profit, all will be happy. Yes, updates are great but things do not happen over night and there is probably nothing new they can disclose. The company made it clear that an update will come at the end of this month regarding the mining progress.
I hope we will see a big volume day.
I agree, it would be great if someone in the area can take a look to see if any activity is taking place. I continue to add more shares but may purchase a significant number if I new things were truly happening.
Me too.
Just added some more.
Picked some more up yesterday.
With most of these penny stocks, the companies have little to no cash on hand. Dilution is the only thing that keeps the doors open. Either a company comes up with a story simply to get speculators to give up their hard earned money so the company principal's get their ongoing paychecks or they really have more than a story and the company begins to earn revenue. There is a herd mentality with pennies. If a company does have a good story with revenues speculators will jump on board no matter how many outstanding shares there are.
We all roll the dice and do our best to guess which ones have the best story and then take your profit as soon as you can. You can always keep a few shares but the reality is that in the long run, the outstanding number of shares do matter and even the successful penny stock will have a deep hole to dig out of and will give up much of it share price appreciation.
In the case of FCGD, give it a few more weeks to see if it is a fake story or one with revenues behind it.
If they truly begin mining and make a profit, then it will not matter if there is a reverse split or not. The share price will move up and you will make some money. If they are not profitable, then your bet on FCGD will not pay off but isn't that true of all stocks.
There is a psychological play on penny stocks. It great news comes out and it can be substantiated, the share price tends to move quickly and the share price goes much higher than what the stock is worth. The trick is not to get too greedy and take your profit.
FCGD on today's hot stock board.
With billions of shares in the float, it will take a lot more buying to see the share price move. Although 114 million shares have been purchased this morning, in dollar terms, you are only looking at $11,000 being invested/speculated so far today.
300 million and higher share purchases per day will begin to move the share price to .0002 and higher. As someone wrote earlier, there are not a lot of people watching this stock and more importantly investing/speculating. I opened a position the other day purely on speculation that the company will be taking coal out of the ground.
There appears to be enough coal and a decent profit margin to move the share price to the penny plus range even with the huge float. If it becomes apparent that the company truly has begun mining, you will see a lot of new buyers coming in and some adding to their position.
Opened a position today in FCGD. Right at 12 million shares. You never know and at .0001 it is a small risk.
The live webcast was always meant to be free. MPIX revenues come from the event organizer/advertisers (number of views).
If you now go to: http://www.springawakeningfestival.com - you will see mindpix's live stream window at the top of the site.
Also: http://www.irocke.com/watch/playlist/00000018880/00000000016
Live video link to the Spring Awakening Music Festival:
Maybe Victor's meeting at NFL Media went well today.
It would make sense that the shares retired to the company's treasury will be used for the preferred shares and then be used by management and the IR company to sell to investors. That many shares converted to preferred (at the rate noted in a past press release) will generate several million dollars.
This is much needed cash to fund the number of projects management has been pursuing.
In my opinion, this is a much better way to do things as it reduces the total number of shares outstanding instead of diluting the share price even more by creating more common shares to raise capital The preferred shareholders will receive a dividend, should the company be profitable, but their shares are not included in the earnings per share. If the company is profitable, the share price is going to be much higher than what it is now.
I am sure we will see more releases as management has been busy meeting with potential investors. Things may not happen overnight but we are definitely moving in the right direction.
Believe what you want to. I was not an investor during Rox's time but I do know that is a different management with a different direction and time will show us a different outcome.
If you still do not believe this Victor Siegel is the President and CEO of MPIX, simply compare the MPIX press release announcing Victor's hiring to the Victor Siegel linkedIn page you noted. You will see it is the same person when you look at his work history.
Guess you have not scrolled down and looked at his posts. Scroll down to July 6th and you will see Victor and other MPIX staff.
That is MPIX's Victor Siegel's page. You would have to ask him personally why he has not updated his MPIX connection on his facebook page. He has been very open about attending investor meetings and his trips to Las Vegas.
Believe what you want to believe. Since only he and the rest of the MPIX team knows how the investor meetings are going, we will need to wait for new updates. I am pleased to see that he and the rest of the team have are working hard when it comes to securing key investors which will ultimately provide the necessary capital the company needs for the projects they will be rolling out.
Here is his facebook page. In a number of his previous posts, he writes about meetings that he and Saul have had, investor meetings, and other MPIX events.
https://www.facebook.com/victor.siegel.5?fref=browse_search
I received some private messages saying they do not see the Dick Wingate posts. The picture and posts are there. Simply scroll down and you will see them.
No, visit Victor's facebook page and you will see a picture of them together and then a post from Wingate saying he enjoyed catching up.
By the way, Victor spent much of yesterday attending investor meetings. Hopefully, the meetings will pay off.
I see that Victor met with Dick Wingate the other day. I hope the meeting was for pleasure and MPIX business. Google Dick to learn about Dick Wingate.
You can follow Victor's travels on his facebook page.
Nice to see Victor traveling this week to different cities on behalf of MPIX.