Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You're on point but I didn't realize that Marks post was fact... thought it was something of an educated guess vs. the final outcome.
Hard to keep up w/ everything. When the SSPT stock business was straightened up I thought it was relaunching as MBC or something like that.
for all the fits and starts, where are we today?
Marksmbc... always great to hear from a pro and others in know. Interesting opinions and observations... thanks for sharing!
Excellent post... you and $treet are right on it, thank you!
$street... excellent post! To the point + a link to substantiate it. Perfect! Thank you.
Pheweee... the one is being accused of being negative for asking questions (maybe he's not so good at it), the other is being defensive for anyone raising them. Let's be clear, no one bought into the promises of My Big Coin because they were anything less than optimistic. If anyone is suffering from depression they should stay away from any investment. We invest because we're optimists! To the SSPT shareholders who've apparently been "drafted" into the program... well, hang on for the ride, it's been fun so far.
You disagree about bad/stupid questions, arguing that they basically stem out of ignorance? Raised any kids lately? The purpose of any question is to be informed. Exception, if it's coming from the press, then it's to make a speech covering as a question. However I don't think Are We There Yet was being that clever. Just answer investor questions and spare everyone the lecture about research. If the information was readily available, it wouldn't be a bone of contention would it. You spend a lot of energy lecturing about "fact gathering" when you're clearly just about as clueless is as clueless gets on the subject. Did you at least get your GED?
If I google IBM I get a million hits; if I google(since its been a topic)ATIG I get quite a few hits; If I google SSPT (another topic) I get quite a few hits; If I google My Big Coin about 16... that would be the two for Corporate (MBC + the Exchange), 3 Twitter, 2 YouTube, 2 TruTop, 1 each for LinkedIn,Facebook, Crunchbase, Marketwire, Yahoo, Ihub, Bloomberg and Raging Bull. All hits generally achieved with the one pr. The IPO announcement dates back over a year as do most mentions via these links exception the recent developments w/ the SSPT merger, this the only new news and that was March. If you're an insider as apparently Profiteer is, you have much much more.
Share it, put it here via verifiable links and you'll have instant credibility. Easier still, suggest to MBC that they post all of the great news on their site... it's what all businesses do when they have exciting developments. Until such time, Profiteer remains the single most voluminous source of "extensive research." The single egg in the basket. Way too much bullying about "extensive research"... fair enough if it were voluminous and readily available but that's hardly the case.
There are some 44+ Cryto Coin Exchanges in the marketplace and the top 20 I contacted have not heard of MBC. But I'll give you an out on that one... there are thousands of coins out there. But most trade like the stock market for instance, if IBM is trading for $98 per share; you put in a sell order at $100; it goes to $105 your shares sell automatically for (and only) $100 per share. If you go to the MBC site (where the MC is posted) it's advertised as worth $389.86 per coin; go to the MBC exchange site and $410 is the going value; look to whose selling and the asking prices range from $195 to $994 per coin which, if the MBC Exchange site is like either stocks, precious metals (gold), commodities (lumber)or the currency markets (Dollars, Euros) all of those standing orders at/below $410, of which there are 5, should not be showing as active on the MBC Exchange Board. They should've disappeared when they sold... but apparently, they haven't sold.
Here's a link to one active Crypto Exchange, check it out:
https://www.ccedk.com/
You decide. I know some folks that have thrown up some low ball offers on the MBC Exchange and they did not trade. Makes no sense... who passes up an opportunity to make 100% on their money? You can say everyone's investment is worth $410 per coin but if they can't cash it in for that then its just so much printed paper. You may have bought BUT you have not sold any MBC. You may as well be honest about that.
This appears on the MBC (credit card)site:
"Start Using MBC Now:No paperwork, No approval process! You can register for your account and begin using MBC in minutes!"
And it's simply not true. Neither the Coin or the Card are functioning currency today. Period, end of story. Also there is nothing on that site that ties the MBC Card to MBC going public. So whose supposed to know that? You, of all people?
"Process Gambling" ... I'm trying but I don't recall that part and parcel to investing in MBC meant I was tying my fortunes to Gambling or for that matter, pot.
SSPT may have no bearing on MBC to you but just tell that to any of the jilted SSPT investors; scroll back on this site and read their comments... doesn't come off as a particularly savory organization which then, if you're marrying SSPT to parties related to what appears to be an equally debatable proposition (former ATIG management), no flags for you? I know about reverse mergers so let's not bury it in complex propositions... garbage in, garbage out. Process that one.
That you got in at $20 is fantastic but you're blowing smoke if you think you're worth $410... not today anyway, just tell that to the investor that's been pitching 50 MBC for $195 on the exchange... for several weeks now. Still there, as I type... better go run and pull it down!
Are We There also questioned the number of Facebook likes for MBC. In the research department that was an easy one, googled and received several hits w/ this trick, by Mohammed no less, among the first hits:
http://www.dailymotion.com/video/x234ee8_how-can-we-get-fake-followers-of-facebook-simple-trick-must-watch_fun
Apparently you can have as many followers as you care to create!
Profiteer, when you dictate to your friend Chicadee, who strategically joined Sept. 1st to go after Are We There, tone it down a notch or two... ok? Really don't need to read her shrill posts punctuated w/ your talking points... geesh!
I'm going to skip past your conclusion to Are We There because it simply made no sense at all... no matter how hard I chew on it. But it'd be nice to hear from some fresh faces here in the investors lobby. Offer up your questions; if you're bullied, I'll do my best to defend you. If you have information, bring it on! Information is King! But don't slam anyone for asking "fair & balanced" questions... even if you do know all the answers.
Last... only positing questions here against an investment that's taking a while to pan out. The patience is still there but let's not take it for granted and remember, SSPT shareholders are way past me... in several of their posts (this site, last year) contacting the SEC or FINRA may have been more than just idle suggestions.
Not sure whose confused... I'm not. My points were simple: try and understand each other; keep it upbeat; and Profiteers been one helluva source of information. If you missed that then you're too pissed off to participate in a discussion. While I like all of Profiteers posts and value his knowledge, is his word something akin to "the word of god?" Chicatee, per your post, because Profiteer says it, like "the profit" we're supposed to defer to his info, lock stock and barrel. Why, you sound like his parrot! Are you married to him? I've never seen such defensiveness. And, since I'm in the business of "research" I've never seen the word so abused and bandied about as I've seen it here. Confidential IPO or not. If some investors are becoming worried about their investments logic would dictate that perhaps sensitivity, vs. lashing out, might prove more productive. Lashing out is an old bullying tactic used to put people off. Let's keep it upbeat. I'm going to run w/ what Profiteers saying... its upbeat and throws no stones.
Whoa-whoa-whoa fellow investors... let's keep it friendly and upbeat. Does Are We There Yet appear to lean negative or is he just asking tough questions? A PR alone does not guarantee anything other than its content, typically written by the firm or its agency releasing it. Depending on their skill set, any number of wires (media) pick it up. 1 pr to 20 wires does not equate to 20 prs which, with the internet may propagate into the 100's meaning the 1 pr "can be found all over the place" but that doesn't change the singularity of the original message. Most outlets, say Yahoo Finance, tag a disclaimer at the end of each of these lest they be held responsible for its content. Profiteer has been a fantastic source of information, far more so than the management of MBC. Are We There wants an HR number which, in all my years of investing, might be the last office I'd ever call but what the hell...if he likes to call HR departments, at this point perhaps any number would please him. If you're invested in MBC you can't eat the pr's and you can't eat a MasterCard... if you've even received it... an honest show of hands on that last one please. Confidential IPO's are an interesting animal and you can google the hell out of that subject. Here's a WSJ article "How long should they be kept secret"
http://blogs.wsj.com/cfo/2015/07/28/how-long-should-confidential-ipos-be-secret/
It's all interesting business but let's discuss vs. disparage the contributors here. I'd say that so far Profiteer has my nomination to lead MBC's "Investor Relations Dept." if/when they establish one... he's been very good, fair and apparently well informed.
Profiteer... what a superb and informative reply! Thank you!
oh, ok, your post must've been cut off as it said simply "read these" but I guess you meant to say you'd read them before. Well, no doubt, dig deep enough and you can find anything so keeping it in perspective is always important. Unfortunately the lengthy timetables with MBC and/or the missed targets start to fuel things for investors and that's true of/with any investment.
Profit, sorry... your post says "Read these" but there don't seem to be any links to anything. Give it a retry my friend.
Profiteer, I suppose this is good news if folks holding MBC want to gamble and/or in fact gamble some more, never mind betting on marijuana business seems a risky proposition as well. Since you've frequently referenced Bitcoin in prior posts, I suppose the recent arrest of Bitcoins CEO should be of interest to you:
http://news.yahoo.com/bitcoin-ceos-arrest-leaves-trail-unanswered-questions-070415714.html
Equally interesting to me were the 200+ comments posted in regards to this article. But since you mention Randall Crater, who seems to keep a fairly low profile, here's a link no investor wants to see: http://randall-crater-scam.tumblr.com/
And, as with all things internet, one link seems to lead to another: http://www.scamadviser.com/check-website/mybigcoin.com
which, while it gives the MBC site a passing grade it does end with this cautionary sentence: "The website has been newly registered with a short life expectancy, which follows the pattern used by many fraudulent and fake selling websites. Please be vigilant and take extra care before providing any payment information."
Profiteer, this is all great news as it relates to crypto currencies and appreciate your sharing BUT how about sharing a crypto currency article/link that finally mentions MBC. I believe everyone appreciates the future of crypto. What we'd like to see is something reassuring us of the future of MBC. Now THAT would be exciting!
With all due respect to Profiteer who seems to have access to a trove of info many of us do not, MBC continues to be one of the best kept secrets on Wall Street if not the planet earth. Which, if you're as huge as the buzz on its Facebook page would indicate, why isn't everyone clamoring over it? In the math fundamentals page I'm not sure why the advertised value [per coin] is $389 and change on the MBC homepage whereas on the MBC Exchange it says $410... a hefty difference if you own a million shares at a penny a piece... the difference between poor and rich! Then the posted sales/purchases on the Exchange don't seem to make sense. How is it one purchase transaction appears as 1,500 MBC purchased for $410 each while over on the "for sale" side it appears someone's offering 50 MBC for only $195ea? Still an offer until its removed? Hmmmmmmmmm.... considering the row the Feds make over the "overlooked" nickles & dimes on Wall Street and the Banking industry, this is looking pretty casual.
Profiteer, than you must have access to a different internet than many of us because I've scoured the internet looking for "facts" about My Big Coin and, where "facts" are concerned, it seems to be one of the biggest mysteries in the marketplace. That's my conclusion after my own personal search and several analyst who do this for a living... even bringing it up in one of these bitcoin links you've so generously provided yields nothing. But its good to be optimistic :)
August 8th and the silence is deafening meanwhile other crypto currencies seem to be enjoying at least some exposure/discussion. Is this merger on the rocks? Any news? Hell, how bout just any gossip!
Profiter, thanks for the interesting links. Interestingly, MBC is not mentioned in any of them... or anywhere else for that matter. And Bitcoin looks to have some pretty healthy cash behind it!
Tried to buy SSPT? How about trying to buy MBC? And the "live chat" fellow never seems to be in.
Thanks for posting the interesting read Prof! I wonder what the projections are for the other crypto currencies in the marketplace and of course MBC. "Rising tides raise all ships?" And can't ignore the downside which they peg at zero as part of what appear to be unpredictable swings...as with any currency...just ask the Greeks!
Well so I'm late to the dance but how does one buy any of the MBC stock or coin, depending which exists? On the stock side that seems to be on hold til whatever gets completed (makes sense)but on the coin side none of the MBC features work ie can't buy; online support icon doesn't work; support page doesn't come up... so buying any coin seems a dead end. Has anyone tried to sell theirs and if so, how do you do it if the exchange isn't working... which from what I can tell, has been the case for at least the last week. Can you imagine your bank simply closing for a week? Maybe its not so bad I missed this dance :)
Hey, Profiteer & ABC I'll take your word for it. I'm just on the outside looking in on these kinds of investments, not an expert. Interesting to note that there's some kind of ATIG/MBC overlay. Whatever that is or is about apparently only the privileged are in the know. That said, from the outside looking in they do share the same addy in Las Vegas... is that a broker house? Guess I need to do some more research for if and when the investing doors open again and if I'm in the investing ring.
Profiteer... hats off to you for the optimism but where do you get your info? One can scour the internet and MBC seems to be THE markets best kept secret.
Prof, I'm an optimist but your August post re MBC doing an IPO has gotten a tad dusty don't ya think? Any "new" news on this one?
Optimistically speaking, they keep beefing up the resources which beats the alternative. Hope springs eternal? From zero is there any way to go but up? Some wonderful assets in this company now its time to activate them!