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Pardon my laziness, but have they said what the intended split will be?
Volatile, yes. Bad news? Maybe, maybe not. $MCTC went from .04 down to .016 between the 13th & 14th. The 15th it hit .09 (225% of the 13th's high). If it continues the pattern tomorrow's high could be .2 (225% of Friday's high).
Again, anything that shoots up this much this quickly is prone to huge swings in either direction. Could hit sub penny today or tomorrow, could be in the teens. We'll just have to wait & see.
Yeah $MCTC has a tendency to swing rather drastically, part of the package when you've gone up over 1000% in a week. Decent volume so far today though, so that's a plus. L2's still pretty thin, so spikes in volume (like we had 12/12 and 12/15) can send this rocketing.
Someone through CSTI is pretty confident of an upswing & just put 100k up on L2 at $.097. Aside from that there's not many walls out there.
L2 is mighty thin this morning. A little volume & $MCTC could be off to the races.
The good news is the 10.6 mil shares bought between about .05-.07 on Friday aren't going to be flipping unless we hit at least .1 I'd think.
I'm a fan of jalapeno kettle chips myself. If this Q drops I may just get a bag!
All I want for Christmas is an overdue Q....
Good morning all, here's hoping for another step up today!
Damn I take the fam to a waterpark midday Friday & $MCTC jumps again. I should go on mini vacations more often I guess. Next week should be interesting, especially if another PR comes.
LOL! Maybe he's working on getting them both current...
McHenry is listed as the CEO in the most recent 8k.
Fluff PR. Disappointed there's still no Q.
It appears the domain is owned by Domains by Proxy LLC (the phone number listed on whois is also Domains' contact #). Domains by Proxy is in business for selling domain names that remain private when searched via whois. It's not unbelievable to presume MCTC purchased the new site through them.
Domains by Proxy
Reverse Phone lookup - more info about Gary McHenry.
I did a reverse phone lookup of the IR number on the PR & it brought up Digital Utilities Ventures, a 26 year telecommunications business where Gary McHenry is also CEO. Interesting.
Buzzfile - Digital Utilites Ventures
I agree the website looks like junk, but I presume the site is tied to the company. I doubt MicroChannel is putting out a PR with someone else's website listed.
The buzz is because the company just announced their intent to come current with filings & to give future updates about "the direction the company is headed." At the same time they updated their website to the bitcoin background, etc. The presumption is they're trying to get current to get into crypto currency.
Are you hoping this will hit $4, or did you think .04 meant $4?
A little volume & $MCTC flies. I honestly didn't expect it to hold yesterday's gains today, so to see it hit .04 again is encouraging.
Tell that gorilla there's an extra banana in it if he predicts we hit $1. ;)
Hell if this jumps to .1 I'm building a shrine to your gorilla!
$MCTC up over 1000% yesterday on bitcoin news & potential to go current. Trending up again today.
$MCTC up over 1000% yesterday, continuing to climb today.
The magic of mentioning "bitcoin"...
Holding yesterday's outstanding gains much better than I expected. Some volume & this flies again IMO. $MCTC
NEWS
Microchannel Technologies (OTC PINK: MCTC) Announces Gary McHenry as New CEO
FORT LAUDERDALE, FL / ACCESSWIRE / December 12, 2017 / Microchannel Technologies (OTC PINK: MCTC) is pleased to announce Gary McHenry as the new CEO, and Boyle CPA, LLC ("Boyle"), of Bayville, New Jersey, as the new independent registered public accounting firm. It is the stated intention of the company to proceed with the necessary steps to bring Microchannel Technologies fully current with its filings and bring news of its progress and other changes to shareholders.
In the coming weeks, investors can look forward to updates on MCTC additional filings, updated status information, as well as news about the new direction the company is headed.
Forward-Looking Statements
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Visit our website at http://mctc.co/.
For more information, contact Investor Relations:
info@mctc.co
954-551-7701
SOURCE: Microchannel Technologies
© Copyright © 2017 Accesswire. All rights reserved.
Since there's no mod to sticky the news I'm re-posting it.
It'll be interesting to see what the volume ends up as today. Yesterday even though news broke in the morning volume didn't spike until noon.
That's as good of a reason as why it went up yesterday I suppose. Go silverback gorilla!
I'm thinking some stop losses got tripped today. Be interesting to see if it bounces back or fades into oblivion.
Well, at some point the case actually gets tried, despite all best efforts to drag it out indefinitely. If it's likely a judge will rule against Apple, it's in their best interest to settle for less than the judge will likely rule sometime prior to that happening.
For companies like VPLM, it may be worth settling if they can't afford to continue a legal battle for another year, two, 10, whatever. Also, there's never a guarantee - a Judge COULD rule against them. Settlement may be less than what they COULD get, but it's a guaranteed payment.
So that's why companies settle. I'd guess settlement offers continually go back & forth during the entire litigation process until both companies find something they're willing to agree on.
Well, let's say 40% (random amount) of Apple's $56.2 billion 4th quarter revenues in 2017 can be tied to this patent infringement. If it's proven in court, VPLM will get what, 1.25% of that? So roughly $702 Million?
Apple isn't spending $702 Million per quarter on attorneys just for this case. $702 Million a quarter is a hella lotta profit to just hand over. Spending even $100 Million a quarter on attorneys to fight & drag the court process out indefinitely means Apple gets to keep spending/investing/profit sharing $602 Million per quarter that they otherwise wouldn't get to. Realistically Apple probably isn't spending anywhere near $100 Mil per quarter on attorneys & definitely not just for Attorneys tied to this specific case.
VPLM, on the other hand, keeps having to pay out of pocket for major attorney fees without having this revenue to rely on. Chances are eventually they settle for less than what Apple actually owes them because to keep fighting isn't financially possible.
It behooves Apple to do this over & over with any small company tech they can find, because they know they have the resources to legally steal the tech at a cheap cost in the long run, and in the meantime they're benefiting from it while it's tied up in the courts.
Pretty light volume this morning. Hopefully it picks up a bit.
seems shady to me.
You bring up a lot of good points.
I've been wrong a ton of times, if I'm wrong again it won't surprise me. I called the pps steadily declining for the past couple weeks (correct) but had mispredicted the bottom (I thought 4, it bottomed around 5 - assuming it's not going to turn down the next couple days).
If/when the Q drops, dilution starts. Investors will also be aware of how much more convertible debt was accumulated since the merger. IMO this makes for a pps plunge.
I also predict between $.50 - $1 by the end of next year. Maybe I'm wrong & it's $34.00, or still only in the $.10 range. Maybe I'm right.
Wonka was a perverted genius. We should all envy him.
It's long been Apple's MO to steal other people's tech without paying for it, then send it to endless litigation if they get sued later. Remember the GUI from the Macintosh? Thank you Xerox (funny that they got mad at Bill Gates later for stealing it from them)... They practically lifted iOS10 wholesale from Samsung, MP4 was certainly not their original design, etc. They're going back & forth with Qualcomm over 5 patents currently.
Long story short, it's cheaper for Apple to make huge profits now & maybe have to pay a little more later than to pay a set percentage to be legal now. They know this, & we're getting lucky because of it.
If the Q ever drops expect more red. In the meantime, who knows? I thought this would bottom at 4 but it looks like we've turned back up.
This is not the 10-Q you're looking for... (waves hand stupidly)
Looking at L2 there's less than $10k keeping this from flying to 15
Solid volume today & good news. Expecting a steady climb.
Took a starter position here.
I disagree. That graphic limits the number of potential traders, as many platforms won't allow stop sign trades. Also, it's another blow to shaky investor confidence. Less volume, more selling = lower pps.
As to "we all know" - do we? What proof do we have that $OMVS will release any fins within the next 12 months? A new auditor? Hasn't caused this severly overdue Q to happen. SR's word? He's said multiple times now it was expected in October, then November... still no Q.
Here's what we know:
1. The company has not released any financials since the merger and is severely overdue in doing so.
2. The company has not made any public mention that they are focusing on releasing financials soon. In fact, when pressed SR has made comments such as "I'm focusing on sales/business/etc."
3. Without fins investors don't know if the company is intentionally screwing them.
Again - I believe in $OMVS / RAD. I think they're making good moves. This is just a very, very bad one & they need to fix it now.
Be prepared for a decent pps drop today.
$OMVS long. Been here for a while, I've promoted this as a good long-term investment (and still think it could be).
There's a stop sign for a reason. The company has not released any financials since the merger, and that's worrisome. Investors should be very apprehensive that the company hasn't released financials since the merger and appears to have no plan or desire to do so in the immediate future. Ignore tweets. I can tweet that I have the best hair in the world but it won't make my bald head grow any. The company is not being transparent about the lack of financials & SR does not appear to think they're a priority.
I'm not selling yet, but I don't advise anyone to buy or load until $OMVS gets it's house in order.