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Adam Levin isn't listed anywhere on any of the filings. Kurt this, Kurt that... do you read the filings? Do you see who's name is signed on every public document? KURT. Don't try to act like there is some kind of secret investor named adam levin.
Thing is, Adam already swooped in and made his money off the FAILURE purchase that was POOLWORKS. He got his shares, converted them and BOUNCED.
Yeah, the longs retired alright. Retired the money they initially invested... This is an outright scam and Kurt should be taken to court by shareholders.
Hey at .03 per share that's only 700 MILLION shares to sell. Well I guess that leaves 150m to dilute some more.
Check out that fluffy news post. Once again this company fails to deliver for shareholders. They put out this fluff piece and the market reacts with nothing but sell orders. Down 40% already.
So a company with less than 200k in YEARLY revenue (and that doesn't even begin to cover operating costs) is going to buy a gaming company for 21 MILLION dollars. Anyone with half a brain can see that they're going to borrow money from toxic lenders and allow those lenders to convert their payments out of the stock at a premium (in which your dimes will turn to pennies as a shareholder).
It's amazing that this company is allowed to operate like this. I should start my own company and start buying shitty companies with very little risk to my own financial standing. I should just let the shareholders bear all the risk. They're simply throwing noodles at a wall hoping something sticks.
Anyone advocating this stock, it's CEO and it's associates should feel like absolute shit. Their tactics are plainly obvious.
I have no money tied up into this horrible company anymore, just trying to do some community service and open the eyes to any possible future investor with this company. Save your money and look for other avenues to make money in the stock world.
I know, trying to tell these guys this is not a stock to make money on. I bet we see 50% drops come Monday. People have always SOLD mmeg news, not buy it. Expecting fluff.
So glad I got out of this horrible company. The CEO is a dimwit. My early dump @ 05 is looking like an absolute BARGAIN. Wish I could of dumped more shares on the bid to run this garbage into the ground.
I know my previous reply could be seen as an opinion, so I figured I would post a few facts for anyone that could be truly interested in all this "volume" watchful speaks of...
Filing: https://seekingalpha.com/filing/3773644 (Form 10-Q for quarterly period ending September 30, 2017)
Pages: 15-20
All that volume.... all that conversion of debt. Yeah, I don't think it was some "super secret investor". I think it was the company literally turning our dollars to dimes. Nice try fooling everyone though. Take your lies and betrayal to another board because your blasphemy is no good here.
You only show up when things are horrible for a company and noone is buying shares (coincidence maybe?). Usually after you show up, stocks tank 50-60% more on top of how bad they were before and then you disappear into the night whispering baby aloud.
You know very well that adam levine bailed after literally destroying the CEO of MMEG (Kurt) in the poolworks business deal. They took their money and laughed all the way to the bank after converting their shares.
You mention "billions of shares of volume", yeah that was when MMEG was selling a pipe dream and piling on BILLIONS of shares to the A/S (and coincidentally the O/S) to convert to lenders. It's all the filings "baby" go look at the conversion and you will see the billions of shares sold (converted).
Nice try lying to the board though, you show up and say nothing and make empty promises. Fool me once, shame on me - fool me twice... well you know the rest.
uhh it's down 90% post R/S. You do realize when a stock goes DOWN people are selling and when it goes UP people are buying. Hence, the stock is falling very hard on it's face because people are SELLING (90% down).
Keep up the mental gymnastics, maybe someday you will make sense.
https://ih.advfn.com/stock-market/USOTC/momentous-entertainment-group-MMEGD/trades
facts. more like noone is buying.
The A/S is 850,000,000 per the NVOS site. You guys have NO CLUE what the O/S is because the TA is gagged. If it's 4m then you can bet the house it's going UP big time because these clowns have notes to convert. They've shown they have no problem adding shares (which they won't have to now with 850m to dish out at will) to basically print money and devalue what you currently hold. That is a fact.
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Hl5NakkHa2WAYIQE7gyj2A%253d%253d&CorpName=MOMENTOUS+ENTERTAINMENT+GROUP+INC
New Stock Value: Par Value Shares: 850,000,000 Value: $ 0.0001
Notice how there's no volume? Can't dilute if noone want's to buy stock in your horrible company. Hard to sell shares when the trading community is fully aware of the scam that you are running.
I'm loving it, I hope they never sell another share. This CEO and his associates don't deserve a PENNY of ANY hard working american.
The fact that it's post R/S only means the people that bought @ .0001 also lost 90%. Company is still the same, with the same horrible CEO and the same mountain of debt waiting to dilute into shares.
Buying stock in this company is like buying a 2 liter of mountain dew, drinking half of it then pouring a gallon of water into it. That other half of mt dew isn't going to taste very well.
Yes, 100% free and experienced. I have had my run with this company (I bought last August, didn't sell the day they added 10 billion shares because I thought it might rebound. It did NOT rebound and they continued piling on shares to the O/S [15 billion more, for a total of 25 billion] to sell for more money until the volume dried up completely). I basically held until I couldn't sell, the R/S provided me a way to FINALLY get these shares out of my portfolio and I couldn't be happier.
You can imagine what 25 billion shares added by the company did to the value of the current shares. Hence the companies need for an R/S.
DO NOT INVEST IN THIS TRASH
As predicted, down 90+% since the R/S. Wow, my early dump into the bid @ .05 is looking like a GREAT sale now. This company is only interested in taking investors money and using it for their own personal wealth. They haven't done anything in a full calendar year to improve investor relations and they just rang EVERY investors neck with a 2500:1 R/S.
News doesn't pump this and it might as well be AIDS on twitter (The main avenue for pumping pennies these days) so it's going nowhere but down. They took a lot of peoples money and I'm only posting this so future investors can see it and save themselves a lot of time and headache.
The CEO was 0 for 7 with his "Acquisitions" in 2017. All of them fell through (Because the owner of the companies saw the shares were worthless to convert), the deals that did go through the CEO got HANDLED because none of them are providing any substantial revenue.
STAY AWAY, LOOK FOR ANOTHER AVENUE TO MAKE MONEY ON PENNY STOCKS
I'm considering this community service, I have $0 dollars invested now but I don't want anyone else to be scammed by these FRAUDS (Who hide behind a christian veil might I add, which makes it WORSE)
Making my sale @ .05 look like an absolute steal! This company and it's associates, mainly the CEO Kurt the failure is going to do absolutely nothing for shareholders. If you're new around here, don't bother. This company is tied to vert capital which only brings companies down. A bunch of losers running the same scam over and over.
This will be sub penny by end of next week. MMEG is probably "slapping the ask" to try to keep it afloat but everyone want's out.
I love the fact that the CEO owned 52% of the companies shares because that means he's lost now over 80% of that money he had after his wee little RS.
I encourage anyone new reading this board to please look at this companies financials before you invest a dime of your money. This group of associates and their clown CEO is absolutely useless. I sold my shares first thing this morning @ .05 (Watch over the next week how a nickel looks like the top of a moountain) so I have 0 skin in the game but if I can save someone else even just a dollar of their money then the time to post this is worth every penny.
DO NOT GIVE THEM YOUR MONEY, THEIR CROOKS.
THEY WILL TAKE YOUR MONEY AND USE IT TO TRY TO SELL CD's OF GOSPEL MUSIC FOR $10 (Let that sink in)
Dumped my shares, goodbye and good riddance
Suzanne McCain if you are reading this board, you better abandon ship now because it's going down harder than the titanic. There's only a small percentage of traders that trade OTC and they use twitter as their primary tool of communication. You have seen first hand from the responses what the trading community thinks of this company and it's CEO.
It went down 80% an the people who are mad because the company screwed them deep via an R/S haven't even had a chance to dump their shares. Today will be a complete massacre and I will be smiling the whole time knowing Kurt owned 52% of the shares. He can watch his dollars turn to dimes now and I personally, will enjoy every second.
Big news coming Monday, hahaha that's hilarious. I will be dumping everything I got at opening bell today. Only a fool would stick around until then. These idiot associates have no clue what they are doing and still haven't learned from past mistakes. The RS ruined investor relations and the people who trade OTC are well aware of how much a scumbag the CEO is.
Get what you can, while you can. I'm not saying this could never run, I'm just saying IF it does it will be sub penny.
I can't believe this company has the balls to even mention the word NASDAQ/NYSE the DAY OF doing a 2500:1 R/S in the OTC. That is some big cahunas right there. If you're still drinking the kool-aid at this point, you are way to far lost to even be considered brought back.
I can't wait for this company and it's shitty CEO to be way behind me in the dusk. I'm selling at the bid first chance I get just to dump the share price even lower. Bigger tax write off for me.
well use your head, how can there be volume without trades?
37,000 in volume and current price sitting at .04. That means I've already lost 84% of what I had left. What a joke this company has turned out to be. I hope NOONE invests in this steaming turd. Remember when people on this board were claiming the "market makers" were going to "get burnt", HAHAHAHA yeah right. I'm looking at my skin now an it's ALL BURNT UP, the only people that got took were the people who put money in this. They drained it 90% and now after the RS we have 84% of what was left of that 10% lost.
The only major news to be announced today was that what you thought you had, is now even less. I know some people on this board held THOUSANDS of dollars of this, I feel sorry for you. I only put in what I could afford to lose luckily and it looks like I'm going to lose it fast. This will be back in trips in no time and that's considering if people even buy it for the BID.
It would take a monstrous idiot to give or invest in MMEG.
Already down .07, how pathetic. Noone is going to buy this garbage anymore
This is also assuming shares will sell. I honestly don't believe we will see a spike in volume just because they're doing a r/s. We will still be lucky to sell unless management is buying shares.
This company has a horrible reputation within the trading community and they've only further damaged it with the RS. 400k+ shares will be up for grabs tomorrow with very little buying interest. Expecting 0-low volume days.
Thank you for that.
When is the R/S? I don't see an effective date on NVSOS
The only way these penny stocks move is through pumpers pumping. One of their main avenues for pumping a stock is twitter. Just one glance at this companies current twitter and twitter replies will tell you that this is going straight DOWN after the R/S. That's an opinion and honestly I think a pretty good one.
Now for a simple fact? The fact is, there's 1 BILLION shares on the ask right now with no bid. That is FACT - that means a LOT of people want out. This is going to R/S with 400,000 shares being up for sale right from the open. Now considering the SUPPLY will be huge, the DEMAND I'm assuming will be very low. You can use your imagination and past experiences to determine what that will do to the price.
The word good and long don't go with this stock. Avoid at all costs, the CEO is a washed up has been piece of dog shit that got worked over in business deals. I hope this piece of shit company goes bankruptcy. I can't see anyone ever investing in this trash again. I hope volume stays at 0.
Everybody wants OUT. That means after a 2500:1 R/S, close to 400,000 shares will be up for sale @ .25. Their not going to sell $100,000 worth of shares after a R/S. They can't even sell 100$ worth of shares daily, this whole ordeal is laughable.
That's the big question of the hour. Who in their right mind is going to buy what's being sold? How will a R/S change the volume? If people are not going to buy @ .0001 they're definitely not buying @ .25.
This company has proved over the course of a year and 7 business deals they have NO clue what they're doing. It would take a pretty big village idiot to buy this at .25.
If kurt already owns 5b of the 10b shares, they should just buy another couple billion and retire them. This forum is the only place of discussion for this trash company. We see how far the twitter discussion goes. Any serious investor outside of buying shares will look at this board and do some due diligence and see that CURRENT shareholders have literally been taken to the cleaners and lied to. Their not going to give Kurt a dime. Nowhere to go but down @ .25. If he came out and said no R/S and did a share buyback he might improve investor relations.
What is the source for the RS being approved/going into effect? I checked the NVSOS page and there is still not an effective date for the RS listed. Please share the link.
March 12th will be 90 days from the supposed filing with FINRA. Hopefully they wont approve it. With all their twitter posts looking for other avenues of funding I would guess that they're anticipating FINRA to reject it. Why else would they be looking for other ways to fund. If they knew the dilution machine was going to start back up we'd get the "supply and demand" speech again.
Just looking back at the fact that he had the balls to give us the whole supply and demand spill makes my blood boil.
I like to imagine the look on the new hires faces when they see those replies. I'm sure they're thinking "OMG wtf did I get myself into?". Look at the guy on the left shaking hands in their post, he doesn't look optimistic at all about the future.
Needs the CEO to get off his ass and say something about the damn R/S. How can he expect investors to pony up money when they could easily lose 90% instantly after buying in. Investor relations are done for and the blame falls completely on HIM.
Put up some more of your own money and buy back some shares KURT, your failed business deals are to blame for this mess. Don't punish the people who put faith in your plan, take the blame and buy these shares yourself. A R/S is NOT going to lure anyone else in and neither is a shitty gaming company or some looney hemp oil.
Where is all the loading? See the thing with this piece of shit is, it has ZERO volume so we know when you're full of shit talking about loading up. 0 volume on the day shows your confidence.
There's plenty of shares on the ask so by all means help yourself. Close to 800m there. When I see another 100-200m volume day, I'll believe "something is coming". Until then, you're merely blowing smoke to cover mirrors.
Load up about 700 million shares, bring your checkbook. We need to empty that ask.
Yeah something's coming alright... That's almost as funny as Kurt selling CDs for $10.