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$MCTC filed final 10Q to become current after hours Friday.
Should be an interesting week!
10Q filed after close Friday.
By all reports, this should be the last 10Q necessary to become current. Could be an interesting week.
MCTC SEC Filings
Fully agree. Still holding here because I'm still curious as to WHY they've suddenly been in a rush to complete all these filings.
This is not a grey. This is OTC Pink no information (easily proven with a quick trip to the OTC site). Caveat Emptor still in place. Stop spreading false information.
OTC Pink MCTC
Off like a rocket on our 0 volume today!... er... wait... :) Still a waiting game. Hopefully they get fully current soon!
Haven't seen Bux post in a while. Although I usually thought his evaluations were a little too optimistic for my tastes, his DD was generally well thought out. It'd be nice to see what he thinks as an update.
Agreed! I've only got about $500 here, if it goes away it certainly isn't much of a percentage point in my portfolio. On the other hand, if this hits $1 out of the blue I'm a happy camper!
Of course it's a shell. Why the sudden and relatively costly (for a business with 0 potential revenue) push to bring it current? That's the interesting thing here.
I think we've been pretty relaxed. That said, if you like giving your money to someone who promises they'll do great things with it but refuses to let you know what's actually happening with it & can't give you a timeline of when they can/will let you know, then...
I can do really great things with your money if you just give it to me. Believe me!
Yes and no. I'm still here, still think the company has something to offer in the long run. That said, I haven't loaded in quite some time, and won't until they release financials.
This thing hits a buck I think we'll all be smiling!
Why bother with the hassle of alternate reporting when they can just not report at all & keep the stop sign? They don't seem to be overly concerned about it.
Sorry, my inner snark got loose for a minute...
3 10Q's on the same day! Definitely indicating a strong desire to get current quickly. Now we can all speculate on the "why"...
Ask yourself why a company wouldn't want to be transparent. One of two possible scenarios: 1) they can't be transparent for some reason (legal, non-disclosure, etc), or 2) they don't want to for some reason. Option 1 is bearable for a while by investors but not the greatest. Option 2 sucks for investors.
SR has implied on twitter that it's not the company, but the new auditor who is tied up & that the Q is out of his hands... for the first few months after changing auditors I could buy this. The longer we go without a Q the more I think they've either got a SERIOUS mess that auditor is trying to piece together (bad for investors) or that $OMVS doesn't want to be transparent (bad for investors).
Long story short, $OMVS needs to get its sh!t together soon.
The filing certainly shows a strong effort to get current. Question is why? What's to gain from changing CEO's & accounting firms & going current now?
And there's the potential lotto ticket.
The bull in me asks "why buy a shell company to have it sit there & do nothing?"
The bear in me says "to steal your money stupid."
So who knows?
Until the Q's are released $OMVS isn't moving anywhere substantially. I expect we'll continue to see it ebb & flow between about .06-.09.
Big jump on low volume today, tells me this could skyrocket with the slightest news.
You know what the good thing about a Q is? It would answer this question & tell us how many bots have been deployed.
Maybe they are. He messaged me on twitter back in late October or early November saying they'd be released that week, so I'm not holding my breath.
I hope they come but no, I don't anticipate any for some time.
Bingo! My exact thoughts!
The WAY overdue Q wouldn't show any of this cash. I'm doubtful that the next Q after it would either, considering they've only distributed what, 4 bots so far?
Again, I've been long on this for some time, and I think the company has good things coming in 2018. I'm just saying that October's Q & the next one are likely to show some nasty numbers.
Nice EOD spike in volume (& accompanying price jump) Fri. Today should be interesting!
That would be nice, but logistically it's impossible. What will they have used to pay off ALL notes without increasing the OS?
I think most people are expecting the same as you from the late Q - share structure update & notes information.
Why we think it won't be pretty is we think the company is delaying the Q because they know the share structure & toxic notes are going to both be bad news. With no revenue at that time, how could they not be?
I'm still fond of $OMVS & still have my shares here, but I'm not loading more or advising anyone else to buy until they're current.
I predict we won't see any.
I'd be surprised if we saw any news before mid-Jan, but it's possible. At this point I'd expect the news to be rather vague guidelines of the company heading into cyber currency. I'd wager they are hoping to be bought out as a shell.
You know I usually agree with you, and what you say does make sense.
You know what would prove these logical assumptions? A freaking way overdue financial report...
Until the company is current I don't advise new investors to take a long position here.
Website was updated again.
Still not much info (shows the Dec PR now), still not very fancy (done with wordpress), & the bitcoin info that was on there has been removed, but it does show someone is actively updating it.
Not a bad day for heading into the holidays. The company has made some good moves recently, looking for another PR sometime in January with updates hopefully. In the meantime there's a low float & good chance to pick up some low pps shares of what looks to be a cyber currency company.
Big volume at open, downswing came on next to nothing. I'm betting this spikes again today & ends in the green.
I think we all knew $.5 was unreachable today on this volume. Still, if the price pattern holds from prior spikes we could hit in the $.4 range with the next one. I do think L2 is repeatedly thin enough here that $MCTC could skyrocket again at any point with just a little volume. If the company was being truthful in the last PR (about giving us more updates) the next PR could cause a huge spike.
In the meantime I've been happy that we've been holding gains pretty well. Higher highs, higher lows.
I'm thinking we'll continue with relatively light volume & no Q or PR through the holidays. I agree with the thoughts on twitter that the overdue Q will be pretty bad, but the next one is likely to show revenue, so they might be holding them to release simultaneously (or close to each other). In that way they soften the blow a bit.
Light volume so far today, but holding steady on pps. Both of the major gain days have come on sudden spikes of volume. We might get one more before the Christmas break or might go quietly into the holidays, hard to say.
I've never seen a grey split before. Could be interesting to watch at least.
Anyone think the split will still happen while we're in the greys?
You guys are making my day effing busy.
This has been previously discussed. The website is registered through a company designed to keep the owner's information private. If you called that company, I have no doubt they informed you their company isn't MCTC.
Please remember to only post MCTC relevant comments here.
Personal attacks or irrelevant posts about other stocks will be removed. Thank you!
Sincerely,
A mod who is really tired of removing every other #&!&%$ post.