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Yeah, I'm cool with performance shares too. I work for a private ER group so when we do well as a group, everyone benefits and we get personal bonuses for what's called RVU's. ADHD'ers like you and I clean up shop. No one in the group can match my energy!! Pretty funny about renting a plane. I'm digging the humor!!
The products are good, I'll give them that. I recommend them to my patients on a daily basis. It's management that concerns me.
The three amigo's might have to be renamed the amigo family.
I've been to Hawaii twice but that's as far west as I've been so far. A little down under action may be just the ticket. This announcement just added another huge layer to MGC. What's not to like at this point. I'm always on the lookout for red flags. Other than the management greatly increasing their salaries, I don't know of any other glaring issues, and the salaries aren't that big of an issue.
Great job posting it! I have to say, MGC seems to firing on all cylinders and in time we three amigos are going to be very happy campers for getting into this stock early!!
You're rise to MGC stardom continues!!!
I'm a realist, and I think this is fanrastic news. If our Aussie friends don't see the positive angle here, I would say they are spending too much time with the koala bears!!!
News out!!! We got the Malta contract!! CR for 5 million paid at 0.07 for 71 million shares. No toxic debt!!! Very good news here!! I'm pretty excited, can't you tell.
His silence is definitely a problem. I'm not expecting a detailed SH update with the next fins. After all, we didn't get it with the last fins. He knows he has to address the new debt, but the thought of owning up to SH keeps him safely in his cave. For someone who had a career in advertisement, I am not impressed one bit.
I got the notificatiob email from MGC at 734p on the 8th which is a typical time for me to get email notifications so I expect in the next hour or so we should hear.
The only thing that will get this stock going is an audit/uplist IMO. We might get back to the ATH, but I firmly believe we will not see 0.10 or beyond until this company is shown to be legitimate. Seeing that Ballas has not spoken of an A/U, it's safe to assume it ain't happening for who knows how long, if ever. Even if he announced it today, it would be an 8 to 12 month endevour. The next fins report will fall flat, just like the previous several reports. I'm predicting 1.3 million in rev's +/- a million. Let's see who comes closest. Bets???
I'm guessing tonight or tomorrow morning we'll hear. I hope this annoucement has lots of meat...or in the case of any vegatarians, lots of broccoli!!
I guess we'll have to wait till Wed to hear the news if it's Malta and/or a jv with one of the big boys. Just hoping the CR isn't going to be hurtful to SH. hotcopper is hit or miss some days. It will be great to have the US folks really get involved in MGC. Just a matter of time!
I noticed the board in general was more negative than it has been recently. Not really sure why with possible very good news coming. I read the post. It was totally fine and made sense. Aussies...what are you going to do??? I'll begin my investigation tomorrow AM. Go get 'em tiger!!!
I saw your post on hotcopper...good job. I will begin my search tonight for Brett's email. I have next couple of days off so I'll have some time to snoop.
Excellent!! USA meet MGC!
Keep on trucking Erin!! At this rate, you may just buy up the OS!!!
Sounds great Erin! I'll be on the lookout for the announcement. Hopefully today sometime. Buy buy buy!!!
Very interesting as I couldn't in the past. Nice job though!!
No, not an error. It's because of the trading halt. It will correct back when the halt ends and regular trading resumes.
I guess the question of the day is if we can reasonably expect the audit completion within the next couple of days as the adjustments are very minor and was almost done Friday, or we have to wait to at least this coming Friday as Rodger and the auditors meet up weekly. Thoughts?
A JV would be better IMO as I want MGC to stay independant, so if this ends up being the case, very cool It'll be a bit hard trying to see patients and continually checking for news! I need more shares!!!
I believe it's both as I tried trading in the past during a halt and couldn't. Yeah, I think if one of the big boys caught wind of MGC's pipeline, then maybe they are coming for us, however, that probably isn't likely...at least yet.
My guess it is regarding Malta, which would be pretty huge as it's a whole other ball of wax that MGC will be involved with in addition to their other irons in the fire. Capital raises always give me the willey's as they often come with terrible terms for SH, but fantastic for the convertible debt holders. I don't mind some dilution if the terms are good for SH and the use of capital is very beneficial to the company overall. Tomorrow could be a pretty good day. MGC news and hopefully audit completion with AM##. Fingers crossed!!
Well, you have a great coach and an open invite once you become more comfortable with the whole penny stock thing. For now, you can be a moderator in training. Great way to start is trying to find any useful DD that might help current and new investors and just simply being supportive of the stock on the board, but if there are concerns, please voice your opinions. I for one would like to hear them and I'm sure Erin would to!!
So, I've been with MGC long enough to go through several of these halts pending news that last a few days. The annoucements are usually pretty good, but normally not blockbusters. However, every announcement is different and you never know, especially with alot of expected news due. So, we'll wait and see. I am worried a bit about the capital raise because that normally means one thing...dilution and possibly the toxic debt type that I absolutely hate. But, again we will have to see when it comes out. At 1.1 billion shares already, we really can't afford much more without putting significant downward pressure on the pps. I don't want to be a downer, but I want to keep it as realistic as possible to help manage expectations. That said, I am excited to hear the news. If it's great, fantastic and if it's just good, I'll take it. Now we wait team for the news to drop!
We are approaching 1 billion but don't have an exact OS count. No info has been provided regarding a reverse merger that I am aware of at this time. The products are very solid in quality and I believe are pharmaceutical grade...but don't quote me on that. The CEO needs to take a class on communication skills 101 and how to finance a company properly.
Back in those years, MGC was in it's infant stages with really no revenue producing products. 2017 was a milestone year in that future revenue producing products began coming out, but more importantly, set the stage for a much more robust 2018 and beyond. As you can see from the info provided on this board page, the fruits of the labor from those earlier years will begin paying off this year, and much more so over beyond 2018. MGC is still just warming up for primetime. The next 3-6 months should see deals and products out the door being marketed. Up till now, most have been undergoing quality control measures before release, and before that was R&D which is why I don't really pay attention to the fins 2017 and before. 2018 begins the real fins that need to be looked at. I believe MGC has a fantastic pipeline of products and deals are very close to being finalized. It's still an OTC stock so caution remains, but all signs point to this company doing really well in the near future. I have been in the medical field for 28 years and a medical provider for 17 of those years, and from a medical provider's perspective, I love what I see with MGC.
I'm not exactly sure, however, the company revenues streams are really only now getting ready to begin with products coming out this year. I'd be willing to bet 2018's revenues will vastly outperform 2017's. As I'm more concerned with future revenues and profits, 2017's for me does not represent an issue. Next few quarters will be very interesting!
Curious...was it the CBD or sugar, or both in the gummies that got you upset?
You're welcome! Happy for you to be aboard. I think there will be many things to chat about with MGC this year and beyond. Please feel free to chime im with any insight, opimions, or DD you may have regarding the company. Also, if you want to join Erin and I as moderators, that would be great!
New debt taken on by Ballas, but because he didn't provide an update to SH after the last fins, details are pretty thin. We are now in our second full year of UBQU making money, but have basically nothing for SH to cheer about as the pps has remained at or below the ATH. My sense is there is something very wrong here, but without and clarity from Ballas, it's anyone's guess what exactly is wrong. Tread carefully.
Sorry THEBEAV, I thought I was posting on another ticker. My bad. As far as MGC goes, I thimk we can get back to 0.11 fairly easy with a good PR or two. With all the shoes ready to drop, getting past our ATH shouldn't be difficult. By EOY, assuming the shoes have dropped that I expect, 0.50 to >1.00 is not out of the question. If the shoes drop AND the MJ market goes on another blitz run, then 1.50 and beyond is possible. Many things are cooking. We just need to get a few things out of the oven!
Although I agree with almost all of what you have been saying about the fundamentals, and personally will continue to hold without reservation, let's face it the A/U IS a huge deal and not just a piece of paper. The A/U is the key that opens the door to this company being legitimate in the eyes of new and more sofisticated investors and not just another pinky stock. AMFE has had a volume problem for as long as I have been here which is a year. It's clear to me, the investment community as a whole has looked over AMFE time and time again and passed right on by. The A/U places this company where it belongs...out of pink hell. The A/U is so much more than just a milestone, it's the key to the company accomplishing the feat of becoming a truly legitimate entity. The pps has been in a trading channel since August because only the A/U will change that. The market right now doesn't care about any of the fundamentals. To have the A/U go on this long now with the latest delay causes fear and anxiety that AMFE is just another crap pink stock with false promises. So, do I think the A/U is important? Yeah, I really do. Does it change my view of AMFE? Absolutely not, but I'm only one large investor. A week from now all of this A/U shouldn't matter...unless there is yet another delay. Don't kid yourself. Until the A/U is finalized, nothing else matters. Once done, we can then concentrate on all the fundamentals.
Realistically 0.02-0.03 is all one can hope for which is the previous high. What we don't know, thanks to the lack of transparancy on Ballas' part, is what the new debt/share structure is going to look like. This pps could stagnant around these ranges for months before any meaningful run.
That's hillarious!! Another 99k to go and you're all set! 2018 will be a wierd year for the market with 2017 being a blockbuster, it seems we need to cool off for a while. The MJ market is cooler than I would have expected, but I forsee it will get very heated with Canada going legal and into the fall/winter.
I'm guessing that with the very low volume the audit will likely be next week. If it were going to be today, volume from the inevitable insiders would have clued us in by now IMO. That's fine, next week it is.
All in all, it seems like the hotcopper board is net positive. Even a couple months ago, it was slanted negative. I think you're right that some previous Aussie Longs sold off...too soon Imo. Now that we US folks are talking notice, things will start getting spicy, especially with a new breed of Aussie investors. This stock is still very unknown, but that is the beauty of it. The early investors can the bigger bang for the buck. It will be interesting to see how many board members we have in 6 months. My guess is many more than now by a long shot.
The three amigos! Funny how we are sequentially aged. I don't mind being the youngest. After all, someone has to be!! I agree MGC could run to >1.00 if a few of the many things they have going fall into place. Cannepil's importance is very hard to dismiss on a grand scale. I'm quite confident there is a line forming to get this stuff. The three of us have front row seats to what I believe will be a great show!
Yeah, riding all over the place is very relaxing, almost like being at the beach. It sounds like your guardian angel did their job!! It's not often folks walk away from that kind of wreck. As far as the article goes, I think it's great and if you can stickey it on the board, that would be great!! Erin, you are fast becoming the MGC board superstar!!! Great DD hunting!!