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confusing............sales did not show up in the last filing for 2 quarter ..Yet there was a disclosure as to why CEO in February said MCIC should not be considered a Shell ...CEO said the company had E-commerce website, sales and inventory............
MCIC website back up but E-Store is still down...........
Looks like MCIC shut down their website ......................
www.multicorpinternationalinc.com
So did Ben Friedman make a mistake when he submitted this filing with the OTC on 02/06/2023......
1. Multicorp International Inc (MCIC) was previously a shell
company
2. The company (MCIC) is changing its status as a shell
company
3. The effective date for the change is January 1, 2023
4. The definition of a shell company by the SEC, is a company
that has no or nominal assets, and or, no or nominal
operations, and assets solely consisting of cash and cash
equivalents. The reason that (MCIC) believes that it is no
longer a shell company is because we have created an
online store and have made numerous purchases and sales
and carry inventory.
Benjamin Friedman
Pres/CEO
So the 2nd quarter reporting has come and gone....(No Revenue ) .......3rd quarter ends on Sept 30th......reporting deadline by Nov 15th....so most likely share holders have plenty of time to sit around and wait.................Looks like from the OTC market point of view...MCIC will have to show sales and revenue to take away the yield sign and shell risk.................
thought so..................I see no reason for it to change.....
Has the Market Cap changed recently ? Market Cap 1,574,864
You could always hope for an update to the 2nd q filing prior to the August 15th deadline
I'm never surprised with penny stocks.......I have made money on this one twice through the years...What does make me laugh and snicker is some who are negative and positive about this stock...as if they have special information...and they get all wound up ...sort of like yourself....there are thousands of penny stocks but you devote a lifetime to this one....anyone on this forum investors or not already have all public info about MCIC...what extra do you have to offer (0) ....and on the other side ...to the moon or Pluto can really get kind of old and stale
Disclosed on 02/06/2023 Supplemental Information - Supplemental Information
The reason that (MCIC) believes that it is no
longer a shell company is because we have created an
online store and have made numerous purchases and (sales) and carry inventory
Benjamin Friedman
Pres/CEO
Looks like Friedman lent MCIC money to buy some gloves hoping they could sell them and to create inventory....So they bought about $200,000 dollars worth of gloves and shoved them into the Derry Ave office..........
So NO revenue .......only Loans from Shareholders-Related Party $352,899.89 from...... Quarterly Report ending 06/30/2023....what happened to all the gloves........
Schwab acquired TD Ameritrade
Thanks.......4u2nv2
Import Key shows one delivery initiated in January 2023 completed delivery on March 9th 2023.....Do you think there was any more deliveries since that time......Import Key does not show any....
Very Nice.............4u2nv2
Thank You........4u2nv2
have you seen shipping information for May or June ?
so how many containers is 11,000 pounds of gloves ?
Wonder why the Press Release was only reported on OTC DISCLOSURE & NEWS SERVICE...can't find it anywhere else...like yahoo, google, bloomberg
Guess they took the day off yesterday....no one was working there.......
just reporting what my friend found out about the physical address of MCIC
Sounds like 5308 Derry Ave suit R is just an address mail drop for MCIC so the company can have an official address for their profile,, and Ben probably sub-leases it out........does all MCIC stuff from home.......
Had a friend who lives near MCIC office in Agoura Ca ..She took pictures of Front entrance and back loading area...........knocked on the door ...no one answered..she asked a business across from unit R in the rear if they ever see activity.....they said sometimes they see people going in the rear door marked Q..he said Q and R are really just one place like his.......He did say he has seen Mattress material move in and out at times...off of trucks...............Well thats all the info she could get.... pics on Flickr............ https://flic.kr/ps/42yV3w
Well 2nd Quarter filing due anytime on or before August 15th.................
The market will be open Monday July 3rd for only 3 1/2 hours and closed all day Tuesday for the celebration of Independence Day ..For all practical purposes the week of trading starts Wednesday July 5th..........very short week
Thought you were going to say..... "BROKEBACK MOUNTAIN"
"These 2 ‘Strong Buy’ Penny Stocks Could Soar to $25 (Or Higher)," Says Piper Sandler (Piper Sandler Companies is an American independent investment bank)
Now which 2 stocks are they.?...............could the mighty MCIC be one.......or not........
4u2nv2 ......Would you please delete your last post....It hurts my feelings....reminds me of the time I spent in the Gulag Labor Camp..............too many rules............
Listen to the words............very positive song.......
Swing Low
Looks, Feels and smells almost like Rock Bottom..........Holy Crap Batman.......
HaHa !!!
That is why I think AI had that wrong...everything you ask AI it seems to put it into story form...and yes it makes stuff up.........AI may only at this point be good at writing movie scripts...does not need to be true.........
Could be.....but I don't think this happened........(March 2023, MCIC acquired Green Tech Solutions)...or am I wrong......
This is what AI says about MCIC....................
MultiCorp International Inc. (MCIC) will show sales this year with surgical gloves. The company has recently entered the surgical glove market, and it is already generating some interest from potential customers.
MCIC's surgical gloves are made from a new type of material that is both strong and flexible. This material is also resistant to bacteria and viruses, making it ideal for use in healthcare settings.
The global surgical gloves market is expected to grow at a CAGR of 6.5% from 2022 to 2027. This growth is being driven by the increasing demand for surgical gloves in hospitals and clinics, as well as the growing popularity of minimally invasive surgery.
MCIC is well-positioned to capitalize on this growth. The company has a strong manufacturing facility and a team of experienced sales and marketing professionals.............In February 2023, MCIC announced a strategic partnership with Brahmarsk Corporation, a technology company that specializes in end-to-end information technology solutions. The partnership will allow MCIC to expand its offerings in the healthcare, technology, and eco-friendly solutions markets.
In March 2023, MCIC acquired Green Tech Solutions, a company that provides water management and agricultural solutions. The acquisition will allow MCIC to expand its offerings in the water management and agricultural markets.
MCIC has said that it is open to further mergers and acquisitions, but it has not announced any specific targets. The company is looking for businesses that can help it grow its core business or expand into new markets.
If MCIC does announce a merger this year, it is likely to be a small or mid-sized company that is complementary to MCIC's existing business.
Good to know....thank you
So Mr.Dylan Mulvaney could be the poster child for OTC Markets......oh no !! God save the King
Top US Ports 2023: Challenges persist, volumes dip
The long litany of headaches now includes ongoing labor negotiations on the West Coast that could quickly shift priorities of ports in the region
Does "Pink Limited Information" cause OTC to include the "Shell Risk" label