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.
And it is my understanding the stock was trading in dollars when the OS was around 80 million so even with the minimum R/S with new management this company will have no problem trading in dollars and staying above the NASDAQ requirement.......
Soon there will be no reason to argue this.....You can't try to make people feel bad about a split they not only knew was coming but was counting on ...
Another reason the PPS will appreciate.....With the A/S raise voted down the company still does not have the power to take such actions again without another Shareholder Vote...
Any who thinks this R/S is bad is too caught up with the normal occurrences that happen in the OTC
Fact is no other company in the OTC can tout this kind of revenue right after the split to drive the price and bring a end to speculation.....
All we normally get is fluff news to keep it from tanking but this opportunity is of different caliber and should be looked on as such....
Good luck to all the longs and bye to everybody surpised by the enthusiasm....
Any who thinks this R/S is bad is too caught up with the normal occurrences that happen in the OTC
Fact is no other company in the OTC can tout this kind of revenue right after the split to drive the price and bring a end to speculation.....
All we normally get is fluff news to keep it from tanking but this opportunity is of different caliber and should be looked on as such....
Good luck to all the longs and bye to everybody surpised by the enthusiasm....
Now that the R/S is approved I believe it's PR time.......Get a better valuation before we start thinking about what the Ratio will inevitably be...
The way Dan is cleaning up th3 balance sheet I doubt most of that debt gets to print any of the shares they want.....
Has to tell you something.....people knew the R/S was approved and we still went up 30%....
Now you know I wasn't implying the R/S in itself was gonna be the news lol.
I expect a business related update and not only that but the activation of the pool shortly and I mean extremely shortly after the split or the weekend before the split...
Gonna sound odd but can't wait for the R/S to happen just to get rid of shorts.....
If they enact it immediately might line up nicely with Q4 Financials and propel the PPS.....
FINRA pushed the split back until the 16th and we are getting news following the split....
Nothing to really truly discuss until that time comes...
I think Dan himself is being undersold.... He literally has a track record of turning things around and managing bigger and more successful companies then ECIG...
If people don't see this as a true investment opportunity to ride this back to dollars even with the reverse split then I don't know what that they see
Wednesday will be a very interesting trading day for this stock.....
I think R/S will pass and A/S increase gets votes down.....
To be honest I expected a bigger drop before the vote...
Seems to be more people on the fence just waiting for this vote business to be done with......
We will be in dollars within a year and that I believe...
We're getting to a point where it's gonna be nobody left but longs....
All shorts and people who wanted to ride this stock just before the vote are gonna be gone...
We will see a actual PR and within weeks the Q4 Financials...... The point most of us have been waiting for is almost here..
GLTA to all longs and for everyone else I hope you had fun while it lasted...
Your saying that more shares will be dumped then there is even room for....The first I've ever heard someone mention trillion in regards to shares.....Literally impossible....
Please revise your argument...
25 trillion? Where are you getting these numbers........
Lets not flood this board with misinformation again .....Please......
The reverse was already approved by FINRA.....
Check FINRA'S website....If I was home I would provide the link to it myself ....Slated for the 16th
This has already been attempted and they already mentioned they weren't allowed to release that information without MELY'S consent
Im also in at 5 cents and i sold 20% of my position at 10 cents.....
So i sticked to fundamentals ...Always Take Profits but i was regretting selling that 20% when we were at 19 cents of course.....So its like a battle with Greed and Rationality
JIG is up....Next week the Correction begins....
Did i leave money on the table of course....
Thinking in hindsight......
But this could easily been in the mid .20's by now and i wasnt about to risk my long position on that ....Playing the price action is something i normally do aswell but here im not willing to leave anything to chance on my long position....
Its gonna bring me great comfort when this reverse actually happens and the servers come online so we can discuss something real here ...
Very Well Said and the reason i am not phased by this dip.....Im not looking to sell at this time/price anyways and im not interested in scalping my position and playing my odds with that....
After the vote and after all this childish manipulation comes to a halt before the real threat of the reverse i believe thats when the real surge of the true investors will take hold of this stock .....
I'm not sure if it is going through today the whole process seems to be reverse and everything is working again I'm guessing they will do it the 16th and that is when we get news...
Na Na Na Na..
Na Na Na Na....
Hey Hey heyyyyy
Goodbyeeeee
That is the Common Writings found in almost all OTC Financial Filings.
Pretty much telling us what we already know but they have to lay it out properly in the filings. MELY isnt profitable yet and so are 90% of the OTC Market.....
Will there be more dilution? Yes of course and if people dont expect that they need to leave this exchange..It is the sole means for funding and very common...
The Dilution that occurred that got the stock back down to 0.0001 Could of possibly funded a very good step that the company is trying to take. I believe the R/S in conjunction with getting these servers online and mining will finally be the restart of the Mining Pool and the reward for that decision....
I will always remain objective and with that said if these servers are not operational by the time the split is in effect and all we get is more news of what is to come my faith will then be Spent...
GLTA
It isn't in affect......The new ticker symbol isnt even created or ready to trade
This is simply a misunderstanding with the stock outlets on the date that the split was originally supposed to take place.......
There will not be a PR until the new ticker symbol "MELYD" can be traded.....And im thinking that will actually be on the 16th....So Expect a Big PR Next Monday and we can finally see what they have up their sleeve...
That was the day MELY originally said it was going to happen then they posted something saying They were informed it was going to happen on the 16th instead
Looks like Either the Stock Outlets are jumping the gun and going by what the original date was supposed to be or FINRA themselves made a mistake informing MELY of a later date....
My account is not letting me trade MELY today either..... ...Says not a valid listing.....
So it is going through today?
FINRA needs to their act together.....
The stickies in this message boards are all over the place......lol
I actually love what the company is doing and there is no arguing that....
They have a great position to take control of the sides of the market they are getting into...That is not my argument and we are agreed on that....
But the structure cannot support a high PPS and they rely on dilution right now because it's a start up and That's 100% understandable.... But there must be room for that dilution and room for funding to continue and Erbb is running out of time on that front....
And That's what concerns me
E*ig was also 5 cents a couple of weeks ago while erbb has been on a decline all year......
Its only up 16% because it plummeted to below 0.0080 ..
Look I'm not here to bash I just hope the people here are being realistic in there approach because if a company like E*IG has to do a reverse split to reset there structure that is maxed out and they have millions in revenue what do you think Erbb will do when that time comes..
Are none of you guys worried about the share structure???
4.3b O/S and 4.75b A/S And I'm hearing valuations of $1.00??
ECI$ has a A/S of 300 million and is hovering at 16 cents with millions in revenue....
I'm not here to rain on the parade but if this structure issue is not addressed soon there will be no room for further notes to converts and Alot of investors who are unware how a structure must be maintained for funding will have a very rude reality check.....
Until there is a clear plan for this share structure I am out of this stock....
To be honest I'm only interested in seeing the action here after the vote....
What goes on before hand is just simple manipulation and I hope true longs don't get shaken out of there shares.....
Better yet if it's not only a Press Release but a actual restart of the pool including their own servers we will not fall but only rise....
The frustration everyone is showing here is warranted because deadlines have been missed but that does not mean they cannot turn it around by performing.....
The setup of the twitter account for technical questions should be a indicator that they are just about ready to fire up the pool....
GLTA
I'm guessing IHUB jumped the gun by changing the prefix....
My Stock account Still shows "MELY"
That is what it is looking like........ Could be wrong... But I've only see tickers wear the "D" a couple of days before the split
I wonder why this symbol was changed so early if the reverse was not to happen til the 16th?..
If so....Your right....Soon as my shares get split in my Account I expect to see a PR
Speculation? Have you even red the filings?