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.
Hey Erin, so I read the email chain. I'm happy they were able to clear things up and refund you. As you stated, sounds like in the next 2-3 months they will be launching their product. It seems they are taking the time to ensure the product is really ready for action and I anticipate it will be well received. I have been following the 'Hot Copper' board since October which has been useful. I know you follow it too. I was reading the posts over the last few days and the board in general was very upbeat regarding all the irons MGC has in the fire. There was a fella that chimed in with some knowledge of a possible Malta deal in the near future. Who knows if it's true or not, but he seemed very knowledgeable. I will try to find some DD to back up this claim. If true, it would be huge.
Bostonerin has done a fantastic job dressing up the board with DD. I agree that this stock could hit 0.50 or more by EOY, and if the VC deal goes through as expected, who knows?. Could hit >1.00 easily especially with other projects likely paying off big over the next several months.
Yeah, come to mention it, I think you did say mid year in an earlier post. It's such a huge deal that once that shoe drops, the dam bursts! My email is rushmann@aol.com
I wish the VC deal would go through already. That in itself would bring in new investors by the bushel. It does concern me that this hasn't been finalized by now, although with the other projects going full steam, I think we will be okay even without it.
Here's hoping that this summer brings with it the chance to take time off and ride all day long! Sounds like a helluva plan to me!!! Go MGC
Once the rev's become locked, this puppy should be at least $1.00. Aurora does have significanly less of an OS, but I think we can beat them on the top line within a relatively short time frame. If we can keep further dilution in check, this stock will be the golden calf.
Yeah, no doubt. We are definitely under the radar. We didn't even have an ihub message board until Nov 2017 when I made one. And thanks to your help, once word really starts getting out, folks will have a decent board to go to. I think Oct-Dec will be very hot for the MJ market, much like 2014 and 2016. 2018 should be the year MJ really goes mainstream and with that big dollars will follow. By then, MGC will have many things in place.
Absolutely Erin! This stock will not stay at this pps for long. There is too much in the positive column going on for it to linger. Congrats on your holdings. My account is still settling, so I have to wait till Monday to load more.
Yeah, I read the PR earlier tonight. It's good to see that production has started. Next fins will be interesting but will take a few more quarters to get alot of the deals in the books. I will be picking up some more shares tonorrow. Hopefully the pps stays put.
Toxic debt=sad Shareholders
There is some good news. If a stock like HEM# can trade at 0.02 with no revenues or earnings and 5 billion + OS, I suppose we can at least do that well.
You may want to recheck who you are responding to. I think you were looking to respond to hearmeout. As for my last post, based on the new debt coming our way, the OS will have to climb much higher and the AS will have to be raised to accomodate the OS. Do I know if we will have an OS of 2 billion by 2019, no, but I'm betting it won't be that far off. The only thing that will save this stock is if the toxic debt stops completely after this and revenues soar.
Because this time next year that's what we likely be up to and Ballas at some point will have to raise the AS to accomodate the increase in shares.
Definitely! It's not just about a higher pps, but being on the ground floor as this AMFE story continues. I imagine walking into a S&L in Boston one day thinking to myself how lucky I am to be an early investor in this great company. And then there's seeing the AMFE ticker scrolling across the CNBC screen. That image is pleasing to me to say the least!
Overall I agree with the points you laid out, however, toxic debt is the usual killer with these pink companies despite revenue growth. It often comes down to management and proper execution. Just look at GE. Hardly a pink stock, but you wouldn't know that based upon the issues they are going through. Management is key with these companies. If Ballas is legit, we might end up ok, even with the debt. If not, we're screwed. The problem is by the time it becomes clear, it's often times too late. That's where transparency comes into play, but Ballas is not known for that.
The toxic debt is what kept this <0.03 for 2017 and with this new round of toxic debt, I have a hard time believing 2018 will see a new high with the pps due to the downward pressure the debt will have on the stock. Another concern going forward is the AS. We know the current AS is at 900 million. We also know with the last round of debt, the shares needed to clear that debt would exceed the AS with Ballas either raising the AS or paying the remaining debt in cash. With this new round of toxic debt, the AS almost certainly would have to be raised significantly unless Ballas has an ace up his sleeve...which I doubt. Thoughts??
Usually the death blow for these burgeoning MJ companies is the toxic debt, often regardless of the money being made. We don't have the full picture of this new debt coming aboard, but it does look toxic as hell.
Yeah, big surprise. I think we are being played and until we get some transparency out of Ballas, I'm certainly not spending another dime on this stock. The question is, do I cash out and put the proceeds into my main play. At least the CEO there is ultra SH friendly and no toxic debt to worry about. Such a shame.
Has anyone emailed or called Ballas for an explaination of this latest debt bomb that was dropped on us? He sure isn't itching to come to us to explain.
I'll say this much. When the market finally wakes up and smells the AMFE coffee, it's all over. May not happen for a while, even with the A/U, but it will happen, and like dam with a few leaks in it, it's just a matter of time before it completely lets loose. Roger and Co are busting their butts day in and day out.
Yeah, hopefully you don't end up having to choose cashing out the rest of UBQU for sake of making sure you can survive day to day. Options are everything in life. Just glad you're still here. The board wouldn't be the same without you!
Yeah, it was a kick in the gut Champ and I now set my expectation much lower, but still holding my shares at least through 2018. Ugh, not what any of us wanted, but it makes sense why Ballas didn"t do a SH update following the fins. What could he say? "Revenue is barely up from last quarter, and by the way I took on a whole boatload of toxic debt to boot." Ballas will sink back into dark mode for a while until he thinks the Longs have all sold and unsuspecting newbies buy in to be the next bagholders. Such a shame.
The amount of deals MGC has going on is pretty staggering. If they all pan out, heck, if most pan out, this will be an amazing story to watch...and profit from big time!! Thanks again for the help! The site looks great!!
Yeah, no doubt. If they can execute on the deals soon, all bets are off and the pps can soar. The low volume tells me not too many are invovled yet with this ticker, but that can change very quickly. Fantastic job on the site!!! It's exactly what I was looking for and really helps tell the newbies (and we LONGS) the MGC story. Thank you very much for your efforts!!!
Welcome aboard!!! Yeah, I think we float around this level for a while, but the next few months should bring some juice to get this stock going strong.
That's great news Erin!! The tech aspect is not my strongest point. I'm an ER provider so the medical aspect is much more my expertise. Thanks for your help. I'm sure more folks will come in time. Having a nice looking ihub site will be very useful to newbies looking for info.
It's not an issue of being calm or not, it's simply an issue of toxic debt being a huge burden on this stock. My expectations are set low for this year with a possible significant bump up in the fall. Anything else is a gift. I'm recommending the products to my patients on a daily basis because the products are good and costs reasonable. Others on this board are doing similiarly. Now if we can get Ballas on board, I think we will be just fine. A PR following the recent fins showing some insight would have been nice.
Definitely an area he doesn't do well is keeping SH up to date. The concern going forward is what catalyst will actually help the stock, because it's pretty clear the market could care less about the improving revenue. I hate to say it, but 2018 may end up being another busted year. We might get lucky and go up with a broad based MJ pump, but seeing 0.10 seems about as likely as seeing 1.00 this year. That damn toxic debt...kills even otherwise great companies.
Great Erin!!! Thanks for the help. My laptop needs replacing so trying to do anything via phone is difficut...at least for me!
Yeah, fantastic! Every little bit helps so folks can see the big picture on this ticker. Thank you!!
There is a become moderator button. After some info gathering, Ihub blesses you with being a moderator. I think the 3 of us would be a good, positive team. The VC deal is huge. Once we get that inked executed, we will move nicely.
Yeah, definitely under the radar. I think once some of the deals are banked, then we head up significantly.
Wow, that's fantastic! I don't have anywhere near that as I'm fully vested in another play, but adding as I go. This may very well be a huge sleeper stock in the making. You should consider coming aboard as a moderator. The site could use some dressing up and you seem just right for the job!
Now with the launch of their nutraceutical division, there is yet another reason to like this company/stock.
Gotcha, all the same though. Seems the products work well. Now if Ballas would work for his SH as well as the products work for it's customers, we'd be all set!
That's fantastic! I'm really happy these products have worked well for you. As an ER provider and also run an Urgent Care Clinic, I have been recommending HLT for months now mainly for chronic pain syndromes. Spread the word!!
Yeah, I know but I suppose there is always hope when the company is real and making money.
Yeah, I never liked that line by Ballas about selling your shares if you're not happy with the company. First off, many of us can't just sell without incurring a loss because of the crappy action of the pps the last year. How about Ballas start becoming more transparent and take SH frustrations a little more seriously. He has likely done well for himself. I would say the SH deserve a bit more attention from mgt.
Not often we get a nice write up. Let's get this stickied!!
Just read the tweets! Very excited is a monumental understatement!! Congrats to Roger and Co for getting through the audit and putting up with all the flack from many of us. Those Longs who remained steadfast and undeterred throughout the last 7 months deserve a standing ovation. Those of us that held our positions but showed our frustrations still deserve a huge round of applause. Although the real party doesn't start until it's official on the OTC, we can certainly start planning it!!!