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Certain things need to be done and taken care of through FINRA application. FINRA has been nothing short of slow for things like this too. It is part of company roadmap.
“- Initiate Name and Ticker Symbol change when possible”
LOL gaps….. low volume trading. MONI solid action last couple weeks.
IPOs have been fairly ineffective of late. Reasons to acquire public vehicle…... Much cheaper and much quicker to acquire an OTC vehicle. Hmmmmmmm interesting possibilities for what $MONI is doing here:
1) Much faster and guarantee of being listed vs an IPO
2) Market for IPO is awful right now
3) Going public generally allows for higher share price & ultimately higher overall valuations.
4) Greater access to capital markets and financing options.
5)Public companies generally trade at much higher multiples than a private co.
6) Public company has greater liquidity giving access to institutional and general retail which drives pps.
7) Gives more options and access to complete acquisitions.
Got multiple potential revenue generating companies trying to come under a pubco…. and quickly. Could just mean very BIG things brewing with their business that they need to get listed asap!
Morning Gregg!
“What happened to Frank2?”
Who cares pps on nice upward trend……
“Simple math: “
$MONI shares have equaled $$$$$$ all the way from .004 on up. Still think we are #undervalued.
Very simple Math!
New 52 week highs before deal announcement??? Now that would be epic!
Proof is in the Pudding 100%
Can’t wait to see the deal closed so we can see just what is what….. my guess we are still #wayundervalued
Run to $1 would be more epic imo…,
Slow Steady March. Steam is building on this train ride north ;)
Great info, thank you sir!
“I think this is worth reiterating... Frank Ottaviani, the CEO of MONI, was part of two stocks behind the scenes that ran from the .000s and .00s levels to over .90+ per share with both stocks having much higher share structures than what exists here with MONI. I think Frank has an idea for what big is. MONI is next in the que in my opinion.”
Your #’s seem conservative which is alright. But yes, price after we see what’s what. Proof always in the pudding ;) Eitherway #WayUndervalued imo
Lol good thing there is more to valuating an airline than that market cap BS
“MONI, as you already know, has been trading fantastic !!!”
Haven’t seen anything yet imo….. Generally, Mega deals = Mega runners in the OTC
How is that math?
Appropriate imo….
So thanks for confirming. Most likely trading at a very nice value here still. Plenty of room to run higher then by that assessment ;) $MONI $$$$$$$$$$
$MONI Strong Steady Solid :)
MONI holding strong while we wait on closing…. Everything else is just otc fun n games until company announces the deal completion.
8bit has doubled its distribution to stores here in the last few weeks. If anyone is actually paying attention…..
Hmmmmm starting the week off with a little buying
Man I watch this and gets me so excited for the possibilities here with $MDCE. Come on Marshall, bring us some good news already!!!
$ECGI crazy low floater!
Outstanding Shares
37,872,829
05/31/2023
Restricted
29,694,987
05/31/2023
Unrestricted
8,177,842
05/31/2023
Held at DTC
7,838,287
05/31/2023
Those processing #’s are huge!
Lol that’s what I figured you meant ;)
Yea very exciting to see deal closed and how it all comes together!
MONI ready for the new week!! Let’s see some new highs :)
Yep best get positions straight. Wouldnt want to have to cover here ;)
Friday beer money needed I guess. Dumb
LMAO I heard it was only happening after the pps was over $1 so they can uplist to NASDAQ ;)
Slow, steady accumulation
Hahaha, agree that would be HUGE
Nice strong close here here today. MONI looking stronger :)
MONI starting to flex a bit. Breakout move shaping up here nicely :)
That’s crazy, can’t imagine it sits here in the Pennie’s much longer….
Yep just 8 hours a day we are looking at $450 million a year?!?!????
$ECGI WOWZA “Based on an outdoor spot cannabis price quoted by CannabisBenchMarks.com's May 26, 2023, report of $496 per pound, the equipment can process up to $248,000 of material per hour.”
Huge numbers:
$248,000x8 hr work day = $1,984,000 a day assuming only running an 8 hour shift.
$1,984,000x5 day work seek = $9,920,000 a week.
I wouldn’t expect they would be processing continuously at the moment but I mean …. do the math. This could be a huge revenue machine!!!
$ECGI crazy low floater!
Outstanding Shares
37,872,829
05/31/2023
Restricted
29,694,987
05/31/2023
Unrestricted
8,177,842
05/31/2023
Held at DTC
7,838,287
05/31/2023
$ECGI “ECGI Closes Acquisition of East West Pharma Group Onboarding Experienced Team and High-Volume State-of-the-Art Extraction Equipment”
LOS ANGELES, June 1, 2023 /PRNewswire/ -- ECGI HOLDINGS INC. (OTC: ECGI) (ECGI or the Company), D/B/A Elite Cannabis Group Incorporated, a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, is pleased to announce the closing of the Company's acquisition of East West Pharma Group, Inc. ("EWPG"), a Wyoming corporation with specialized equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space.
This announcement is pursuant to the announcement of a Definitive Agreement in the Company's press release dated Feb. 16, 2023.
This acquisition includes specialized equipment: extraction equipment included in the acquisition was custom built to process very large volumes of industrial hemp (up to 500 pounds per hour) and distill crude material through a high-volume liquid to liquid (L2L) process designed to generate optimal refined product.
Based on an outdoor spot cannabis price quoted by CannabisBenchMarks.com's May 26, 2023, report of $496 per pound, the equipment can process up to $248,000 of material per hour.
The acquisition also includes key personnel: Dr. Zhihong Zhou, Ph.D., the dean of extraction of Yunnan University, School of Traditional Chinese Medicine (TCM). Yunnan University is considered the foremost research facility of TCM in China, and perhaps the top TCM facility in the world.
Stanley Zhang, an expert in cannabis extraction and processing, and Sam Lai, an engineer with a focus on liquid-to-liquid extraction of cannabis cannabinoids and manufacturing of finished goods, will also be joining ECGI as part of the acquisition deal.
"We couldn't be more excited to have this deal closed and in the books as we look ahead to an exciting summer," noted ECGI CEO, Danny Wong. "The cannabis market has been recovering, with spot prices up over 20% in the past four months, and we now have a top-tier in-house product team and the infrastructure needed to materially scale up production."
$ECGI “ECGI Closes Acquisition of East West Pharma Group Onboarding Experienced Team and High-Volume State-of-the-Art Extraction Equipment”
LOS ANGELES, June 1, 2023 /PRNewswire/ -- ECGI HOLDINGS INC. (OTC: ECGI) (ECGI or the Company), D/B/A Elite Cannabis Group Incorporated, a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, is pleased to announce the closing of the Company's acquisition of East West Pharma Group, Inc. ("EWPG"), a Wyoming corporation with specialized equipment and experienced personnel, including leaders in the cannabinoid extraction and product manufacturing space.
This announcement is pursuant to the announcement of a Definitive Agreement in the Company's press release dated Feb. 16, 2023.
This acquisition includes specialized equipment: extraction equipment included in the acquisition was custom built to process very large volumes of industrial hemp (up to 500 pounds per hour) and distill crude material through a high-volume liquid to liquid (L2L) process designed to generate optimal refined product.
Based on an outdoor spot cannabis price quoted by CannabisBenchMarks.com's May 26, 2023, report of $496 per pound, the equipment can process up to $248,000 of material per hour.
The acquisition also includes key personnel: Dr. Zhihong Zhou, Ph.D., the dean of extraction of Yunnan University, School of Traditional Chinese Medicine (TCM). Yunnan University is considered the foremost research facility of TCM in China, and perhaps the top TCM facility in the world.
Stanley Zhang, an expert in cannabis extraction and processing, and Sam Lai, an engineer with a focus on liquid-to-liquid extraction of cannabis cannabinoids and manufacturing of finished goods, will also be joining ECGI as part of the acquisition deal.
"We couldn't be more excited to have this deal closed and in the books as we look ahead to an exciting summer," noted ECGI CEO, Danny Wong. "The cannabis market has been recovering, with spot prices up over 20% in the past four months, and we now have a top-tier in-house product team and the infrastructure needed to materially scale up production."
https://www.otcmarkets.com/stock/ECGI/news?id=402968
Good Morning MONI!!! Some bullish signs for me:
Posting volume and chatter is up and trending far more positive than negative.
Low volume price action is holding this level nicely and looking ready for a breakout higher.
Multiple company acquisitions especially with sizable revenue is the kind of catalyst that can offer huge risk-reward return opportunities which is exactly why one trades OTC stocks at all.
Feels like we are one BIG update away from the company which could send this very BIGLY imo!
Hoping this could be the OTC gem the market has been waiting on since Sept 2021! #bringbacktheOTC