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this is the official notification to SEC that mirage is becoming an Alternative Reporter (NON-SEC) reporter. Next would be quarterly filings with OTC Markets that will bring us up to date and allow trading. Woo-hoo.
Picked up 15K at .14 this morning. Seems awfully cheap at this point.
the CEO has really enriched herself with regards to ownership. Taken from the 10-K:
https://www.otcmarkets.com/filing/html?id=15724893&guid=yeU-kFKzGmxPB3h
Doing the math, thats 50 Mill shares of common shares (of which 10 Mill has been converted already)
"Each share of Series E Preferred Stock has a 10-to-1 voting preference where everyone share of Series E Preferred Stock is equivalent in votes to ten shares of Common Stock, resulting in the equivalent of 50,000,000 voting shares of common stock. When combined with the voting rights of current common and preferred shareholders, the Series E Preferred shareholder(s) has a 21.2% vote on all company matters on a fully diluted basis."
But then theres these anti-dilutive Series F Preferreds that will just bury us"
"Represents 10,000 shares of our Series F Preferred Stock owned directly by Shannon Masjedi. Each share of Series F Preferred Stock is convertible into 0.1% of the issued and outstanding stock at the time of conversion and has voting rights equivalent to the conversion rights for a total of 31,619,142 common stock voting share equivalents representing 71.6% of the voting power on fully diluted basis."
It means that as of right now at 235 Mill shares, IF she were to convert now (it gets worse as time goes on), she'd have 235 Mill * .001 * 10000 = 2.35B + 50 Mill (Series E) = 2.4 Bill shares, then 2.4 Bill / 2.4 Bill + 235 Mill (current) = meaning she'll own ~ 91% of the company, wow, our shares will be practically worthless. Should we be concerned? Maybe that is why the company is being valued as such. I need to rethink some things here.
so i know these have certainly already been posted, but for review:
https://www.facebook.com/watch/?v=467955734266261
https://www.proactiveinvestors.com/companies/news/981203/pacific-ventures-group-grows-full-year-2021-top-line-growth-by-39-to-a-record-42m-981203.html
So I have to say, I just love what they are doing. Heck, a small homeowner can get the same quality meats as the restaurants, BUT, we have to be able to cook like them to reap the benefits, maybe not as easy.
Anyway, I continue to see this as undervalued down at 1.3 cents, and I look forward to what the company has to say.
thanks for your reply and I understand what you are saying and am willing to take the risk at this price and even more at lower prices, and I am willing to wait it out, lets see by end of year where they are at.
Continuing to buy, I guess I'll end up with around half a million shares by the time I am done, possibly more, and at decent prices near what appears to be a bottom, though while nobody ever knows an exact bottom in advance, we are looking at a market cap of 8 million with who knows how many resources (yeah I know, "who knows").
Providing an update on trading of CENN. After purchasing my first shares at the beginning of the year at ~4 bucks, Im now holding 7800 shares lifetime avg $1.27/share (including writing options profits). Its not great but I'll take it. Look the good thing is that most of the downside SHOULD be wrung out by now, but of course we never know that especially if there's a long recession. I'll keep writing the $2.50 calls against part of my position and trading spikes to lower my cost, but I am betting that CENN will remain a viable company and at $1.60/share it's a reasonable entry point, though it certainly can go lower.
Listen that language is practically boilerplate as is the case for most penny stocks. To call it a scam, ok, what evidence do you have, do you know if management is literally enriching themselves either directly or through family. Have you hired a Private Investigator or otherwise to see if they are living the high life? I highly doubt it, most people would not go to such ends, but it can be done.
Anyway could this all end up in smoke, sure it could. I for one would like to see how the oil initiatives pan out, along with their disinfectants and other products. These things take time, a few years maybe hasn't been enough, I'm fine with that. But if there is any more incompetence involving the management including CEO, then I agree that that needs addressing and sooner than later and hopefully those investors here that are in the know or have the right relationships can raise the concerns appropriately, personally I'll stay out of it unless I see evidence of something outlandish.
At a penny a share, I'll take the risk as a buyer. At 2 cents probably not but I would be holding for higher prices.
I disagree with you on penny stocks, actually all stocks altogether. Look at IPSI as a great example of a recent stock that went up 8x from the bottom, if you had looked at the chart as some did, you would say the exact same thing that you are saying. Charts mean nothing with these pennies, except if you want to trade them there is some value, personally I look at a penny getting oversold to buy and overbought to sell, and I determine overbought and oversold by eyeballing the chart including price range and timeframes, and partially my avg cost but I try and avoid doing too much of that since the market doesnt care about my cost and neither should I, that's it.
All of that said, no way if you told me in January that this would be trading where it is that I would have believed it, in fact I was betting on an increase, not a halving. But I adapt and overcome, and per my trading rules I increased my purchases as it fell, and I am fine with that.
And while I believe the company is on the right track, I also am placing a hold on any further buying at this price, or at least minimal buying like a couple hundred K shares in the low .005s where it has established some support.
This cannot go on forever, the company needs to complete deals, and if they dont then I would request large salaries be lowered until they do, b/c we dont have forever to make things happen as money will eventually run out.
Im approaching 900K shares with a lifetime avg of .0155, not bad, but as I have said before, if this were to go to zero then avg means nothing at that point. Not that I am concerned about that at all, but at the same time I am tired of the dilution, I'd like it to stop at this point, we're giving shares away at way too cheap of a price and its not healthy.
Agree and I am amazed to continue to hear inklings about this being some kind of scam, that Ward is out for himself and will leave investors in the lurch. Nothing would be further from the truth. IF he could or would do anything remotely like that, not only would he have no friends and family left, he wouldnt be able to sleep at night, that alone could kill anyone.
No, this is all about Mexico, it always has been and always will be. Mirage is the company conduit and Ward is the human conduit. Could someone else be the conduit instead of Ward, sure it's possible, would they do a better or worse job, who knows, but certainly they'd be stronger in some areas and weaker in other areas that's for sure. We have what we have fighting for us and I am satisfied. Mexico will likely use every trick in the book to stall and get the most out of these endeavors for themselves, and whether they really care about their own people is questionable, so be it we dont control any of this, we're just pawns, but in the end, both sides should prevail in their own right. In the meantime we wait patiently.
Lots of laughs, theres someone on the internet that has been pumping that for months saying retail owns the float, go buy options in April May June July, all would have gone out worthless, my goodness, is that not the case for half the stocks out there, unbelievable how much $ people have lost listening to that crap. And now the OS count will balloon as soon as they pass this next proxy vote to increase it in a week or so from now,
No, the best thing to do, just own the stock, buy as much as you feel comfortable at these prices, write options against your position if opportunities present themselves, and enjoy the ride, up I hope. Even writing the $1 puts is great, problem is margin requirement is 100% so you tie up money, and maybe use profits from doing that to buy some options for a small gamble, but at a buck a share, the stock is virtually an option in and of itself.
8-K issued by WaterNow to replace the CEO:
https://www.otcmarkets.com/filing/html?id=15945567&guid=v5U-knnQ9H_sB3h
No idea what that means for investors or the products for that matter
that's my understanding yes, my guess would be when news gets released, since we have had plenty of time for them to be done and we have the money to pay for them, I can make no other conclusion.
Last week's visit was a success from what I understand. Everything is a process, many steps required, more than any of us have any idea about. But anything announced by the Mexican government related to Mirage should be a positive even with all the negativity that has amassed over the last year with the stock. Lets see how these next couple weeks go.
TV Personality Mario Lopez Signs Exclusive Endorsement Agreement with IPSI
https://www.otcmarkets.com/stock/IPSI/news/TV-Personality-Mario-Lopez-Signs-Exclusive-Endorsement-Agreement-with-Fintech-Company-Innovative-Payment-Solutions-IncOT?id=364273
CARMEL BY THE SEA, Calif., July 11, 2022 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTCQB:IPSI) (“IPSI” or the “Company”), a fintech provider of digital payment solutions to both business owners and consumers, announced today that it has signed an exclusive endorsement agreement with TV personality Mario Lopez (“Access Hollywood,” “Saved By The Bell”) to increase awareness regarding IPSI’s products.
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
TV Personality Mario Lopez Signs Exclusive Endorsement Agreement with Fintech Company Innovative Payment Solutions, Inc. (OTCQB:IPSI): Media Snippet
Mr. Lopez will work as IPSI’s spokesperson to highlight the challenges faced by the unbanked and underserved communities in the United States and Latin America emphasizing how IPSI’s products can help address these challenges. IPSI is focused on developing and providing mobile application e-wallets that enable customers to deposit cash, convert it into a digital form, and remit the funds to Mexico and other countries in a secure, efficient, and cost-effective manner. IPSI’s flagship e-wallet IPSIPay™, is fully operational and with the addition of Mr. Lopez, is ready for commercial launch. IPSI expects that Mr. Lopez’s significant sphere of influence will be a key aspect of the IPSIPay™ launch strategy.
Mr. Lopez commented, “I have many relatives that live in both the US and Mexico. I am very familiar with the issues that come with simply wanting to send money home to family members but having to pay ridiculously high fees in order to do so. I grew up right on the border in Chula Vista (San Diego) and my parents, who immigrated from Mexico, raised me in the US which afforded me every opportunity to accomplish all of the successes that I’ve been so blessed to have achieved in my life. I want to do my part in giving that same opportunity to others. I’m excited about this partnership with IPSI and am very proud to be closely associated with a company that I believe can make a real difference in many people’s lives, especially those who are often underserved in the simple task of taking care of their hard-earned money.”
William Corbett, IPSI’s Chairman and Chief Executive Officer, added, "We are honored to partner with Mario Lopez as a spokesperson for our innovative digital payment solutions. Having parents that immigrated from Mexico while also having achieved amazing success in the U.S. and around the world as an actor and television host, Mario is well positioned to understand the needs of the underserved Hispanic and migrant community and the benefit that IPSI’s solutions can provide. Mario and IPSI are committed to inclusion and the humanitarian efforts of providing solutions that bring instantaneous cross-border payments by individuals and companies alike. IPSI’s robust technology platform that functions like a bank in the palm of your hand, enables digital transactions that are convenient, cost effective, fast, and secure, bringing opportunity to a growing community. Our customers, many of which are unbanked, are able to acquire a VISA debit card as well as four additional companion cards for family members. We look forward to a long and productive relationship with Mario.”
About Mario Lopez
Mario Lopez (born in San Diego, CA) is an American actor, producer, best-selling author, and two-time Emmy award winning television host of the entertainment news series, ACCESS HOLLYWOOD. He also hosts the nationally syndicated IHeart radio show, ON WITH MARIO LOPEZ. He is currently leading the search for a new generation Menudo band. Lopez, over his 40-year career in entertainment, has appeared in numerous television series, films, as well as a leading role on Broadway’s A CHORUS LINE, where he met his wife, Courtney. Lopez has been an active ambassador for the BOYS AND GIRLS CLUB for more than two decades and, for the last 5 years, has hosted his annual charity golf tournament that benefits PROVIDENCE ST. JOSEPH HOSPITAL in Burbank, where his children were born. He currently lives in Los Angeles with his wife, 3 children, and their 2 dogs.
About Innovative Payment Solutions, Inc.
Innovative Payment Solutions, Inc. is a cutting-edge provider of digital payment solutions for consumers and service providers, focusing on the needs of the unbanked and underbanked. Through its IPSIPay™ app and Beyond Wallet offerings, IPSI facilitates instantaneous cross-border remittances by companies and individuals, using its robust technology platform to enable digital transactions that are convenient, cost effective, fast, and secure. IPSIPay™, app users are able to acquire VISA debit cards, as well as obtain a bank account at a major U.S. institution, enabling them to execute financial transactions through the Company’s large, worldwide merchant network.
To learn more about Innovative Payment Solutions, Inc., please visit www.ipsipay.com.
The stock has been harder to trade for small profits but I do use it as my piggy bank to raise cash on small upswings and buying back when it falls, but you need to be careful as it could rally at any time and never come back, but in this market that's hard to do. So my plan is to continue accumulating overall as cash allows. Currently sitting at 3.5 mill shares and would only add aggressively if it approaches a penny again. I just love what they are doing, its just that theres too many shares outstanding and too much debt, making it a long term play primarily and short term for trading only, though if it were to rally to say three cents I'd definitely take advantage of that on the way up.
BTTR continues to be a great trade in the 2 - 3 dollar range, I just need to use larger quantities. Right now its a fantastic buy. The insiders have continued to buy, albeit not at great prices for them, probably have restrictions in place as well.
good to know, though at least for the insiders converting I dont care, I'll be long gone by the time they do any selling, But yea I guess this is another company that may not have been run very well, that's why you need to trade these types of opportunities. At this point riding half a million shares for free plus previous profits so not complaining here.
I am continuing to buy at these prices, this is a strong buy, maybe in retrospect it will be a screaming buy but Im not willing to call it that without further news of success with the oil program they have going on. But with this market cap I am happy to buy shares under a penny for the indefinite future. I hear a lot of talk about incompetancy of the management, maybe that is true I dont know, but hopefully people learn from their mistakes.
anything going on with these folks? I made buys in the .01 - .012 range which I consider to be pretty cheap after taking some profits back a little ways before that, not thinking it would revisit down here, but here we are again. Tell me that a company with all all these retail restaurants mostly post-covid is only worth like 8 million bucks, really? For now this continues to be a good buy at this price.
well here we are again, almost 300 weeks as Mirage Energy, this has been an important week for Ward in Mexico (as opposed to all the other weeks LOL), lets see if we can get things off the ground, I believe we already have long ago, but we need something worthy of a press release or 8-K and we have yet to get that.
Go AMLO, Go Rocío, Go David Alipi, Go Octavio, Go Manuel Bartlett, Go Lazaro, Go Rafael Marín, Go Salvador, Go Ken, Go paperclip staplers, Go <insert name here>
I now own 10% of the float. Look out above, when this spikes, and it will spike, my shares wont be there for the taking at the start, making the spike even greater. Love it, absolutely love it.
Look what they have, look at the market cap, it's literally nothing. This is an absolute steal at 3.5 cents and under. I would buy with 4 hands if it went under 3 cents. The amount of gold in the ground is huge, it'll take time to get it mined but we can wait. But man, this is the time to buy compared to the last year, that's for dead sure.
anyone know where all the volume is coming from? also I see that the OS count has increased beyond a billion shares, not happy about that at all. I am starting to think to myself that once we get a rally, I'm going to be selling some, I've had about enough, though I am willing to wait out at least to see what progress they have made.
this continues to be all pain and no gain. Avg post spike now .0236, this is the name of the game, avg down heavily at low prices, will continue to do so if it drops further.
if I have to bookmark one more article for this stock my favorites will implode. I have enough reading material on Mirage and Mexico to last months. when this is all done, I'll create a scrapbook for the ages.
nice pullback, for those that didnt get in early, this is your chance to buy. I took some profits and am doing some buying now.
right. personally I think its the isthmus oil lines project we are focusing on now, it's all part of the isthmus. we have put the plans in place for it starting at least a couple years ago. lets see if we cant make that one happen.
you almost wonder if all of the authors of these articles simply steal their source of info from eachother, and so maybe there is only one true source and maybe it is wrong, maybe it is right, who knows really. I tend to think this gas pipeline is not ours (though it could be) while others are sure that it is, it's truly amazing the mystery behind all of this.
My understanding is that things went well last week. Lets see if there is followthrough, that is always the challenge with Mirage.
what are you talking about nobody buying this? There literally HAS TO BE A BUYER FOR EVERY SELLER. And yes I am a buyer. IF I had more free cash, I'd buy in higher volume like a million shares at a clip and that could happen at any point, but for now, buying a couple hundred K per week is working for me. Management is doing their best to make these deals happen, they take time, it just doesnt happen overnight, but the right deal could happen sooner than later, it really doesnt matter, as long as they end up executing, as long as it doesnt take forever.
NT 10-Q just filed. We wait.
Lets hope that this weeks trip to Mexico results in some bacon. I am getting tired of just veggies.
all pain all gain. Up to 550K shares. I believe this is a steal at this price. It goes lower and I buy in even higher volume.
I've been secretly buying up the float, goal is 10% or 325K another 50K or so but I wont force it, let them come to me if they want. At the right time this will rally again.
thats another twist of a couple other articles this weekend that have the same source - AMLO's talks. Interesting in this article some contributors are putting the brakes on the feasibility of moving gas all the way to Salina Cruz and for it to be profitable which i find interesting and possibly realistic. CFE is in charge of that, and as mentioned we dont know who the private player(s) are, it's been kept a secret. Personally I am focusing on the refurbishing of the oil pipelines with Pemex that Mirage has contracted with as our Isthmus endeavor (Interoceanic Hydrocarbons Crossing System), and hope to see that come through.
Fantastic picked up 450K between Friday and today, absolutely fantastic. This is an absolute steal at these prices. With the right announcements at the right time, this will fly, I am very confident. Now at 7 mill shares with lifetime avg .0084, I can live with that.
It can be insiders with a delay of a couple days to file form 4, but if there is material information in the pipeline, then they cannot and surely will not be buying. My guess is that it's not but can be related parties, or there could be nothing, no way to know for sure.
nonetheless our time is coming, soon in my opinion.
the insiders would have to file a Form 4, no way they would get away without doing so. But people they know, vendors, whomever, could possibly know something, I have no idea. What I know is that it was so oversold it was pathetic. We are back to fair value, if there is such a thing in this market.