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MNGG .0001 Debt and share buyback news!!!
Bring on the buyback!! One more week till November!
This is great news. Nice to be part of a company that the CEO follows through on his plans!!
Almost time to load up again. Waiting for 2`s, maybe even 1`s the way its trading. IMO
that would be bad
Lets make some money now. MNGG
Lol. you've been busy!! I will pee my pants laugh if they happen to drop a PR tomorrow.
That's not how "grandfathering" works.
A Grandfather Clause is a provision in which an old rule continues to apply to some existing situation while a new rule will apply to all future cases. Those exempt from the new rule are said to have Grandfather rights.
Hey all, Checking this one out. I went thru the 10q. To my understanding the company seems to have issued a ton of shares to pay off debt. Which is good and bad. It also states they are still issuing shares to AGS Capital as per the settlement agreement:
On August 28, 2014 the Company amended the settlement agreement with AGS Capital. Pursuant to the new agreement, both parties agree that all outstanding debts and claims have been fully paid under the Settlement Agreement described in Note 8, and that the Company will allow for AGS to make a net profit equal to $614,000 starting from the date of September 3, 2014 via the sale of free trading stock which shall be reserved for AGS. If the Company fails to take steps to ensure that AGS is allowed to make the net profit mentioned in this section, the Company shall be subject to a fee of $5,000 per day until it reserves a sufficient amount of free trading stock. The Company agrees to deliver the stock in tranches to ensure they do not beneficially own more than 4.99% of all outstanding common stock. AGS will agree to provide trade confirmations to the Company to evidence their net profit pursuant to this agreement.
614,000 /.0001 =6.14 BILLION
On July 1, 2014 the Company issued an aggregate of 5,878,710,676 shares of common stock to six separate parties as payment for services.
I can't seem to find to find an accurate SS anywhere but my best guess is the AS is around, or soon to be 12 billion.
This one looks to be in trouble. What's everyone hoping the PR will state that your waiting for? Also does anyone have an accurate SS?
Thanks!
Great DD! go MNGG!
I think he meant the ticker he mentioned. Another 8k yesterday for MNVN, yet another extension to that agreement.
wth??? lol. wonder what they are tryin to cook up
I've been holding 1's and 2's for awhile. Hoping to hear what the hell is going on with this. WAITING!!! lol
I should check mine. I'm with TD webbroker (Canada). I know I can sell. Thought about trying to get more 2's. Tough to do though until we get some kind of update.
Be looking forward to a R/S here. holy $hit 27.8 Bil OS/ 29 Bil AS.
Are you still unable to buy or sell?
That's funny shit!
LMFAO!
Good morning MNGG!! Lets see what happens today. 2's hitting maybe????
Glad to be in this one already. Let the buyback begin!!!
yes sir. Also huge increase in assets and liabilities.
Morning GEGP! Waiting.
I wish I could be there for that. Too long of a trip for me.
This will be a life changer!
I want MORE! I think my secret stash is gonna take a beating tomorrow!
Agreed!! GD$M ran to multi pennies just on rumors of gold. I can't wait to see where this goes with REAL gold! And a share buyback??? Float under 600 mil?? wow...
This has the makings for an EPIC run!
He won't be getting mine!!!
I've been busy. Will check it out tonight. Thanks!!
Go MNGG!!!!!!!!!
I've been busy. Will check it out tonight. Thanks!!
Go MNGG!!!!!!!!!
Back in action. Good to see.
Good morning MNGG.
Cool!
I thought that 5 acres was referring to the processing, not the mining?
Its a very small scale start up operation. That's why were down here in the gutter.
Ohhh man. Well maybe they'll build it a little lower and a little wider. Who knows. I don't really care. And yes berms and ramps are part of mining. But it adds NO cost. Its just part of the job.
Easily Bruce. Once they start making revenue without a doubt. Then they can buy more and bigger equipment and hire a blasting crew if necessary. Once they get the top gravy off they will probably want to look into that.
Lol. That's pretty funny. Teck Cominco Greenhills operations- Coal Mining. Syncrude Aurora Mine. Shell Albian Sands both Oilsands mining.
Well Sir, We'll just have agree to disagree. Its not that far of a stretch as far as I'm concern.
150,000 cubic meters = 100x100x15 High. so roughly 50' high
200' by 200' rough measure. I obviously don't use feet an acres very much. Meters and hectares.