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It is tough to make any gains.......
When the company sells stock in a steady stream to pay salaries. Moreover... the $126K convertibles become payable in three weeks @ 10% APR. The redemption period also opens in April. Based upon the criteria.....they are redeemable @ 30% of the market value of the 5 lowest closing prices over the last 20 trading days,,,,by my calcs that is roughly 50-60M shares.... but I am not a mathematician. But I don't think I need to be.... I trust a 70% discount to market is all anyone needs to know.
They do not control a majority share position.
The previous administration saw to that.
Without a restructuring, retail collectively holds the keys here....... this is odd for a pink.... Vic and his group have not awarded themselves heaps of shares... they have sold the AS for cash and paid themselves as they have proceeded. If the mysterious holder of the verts executes....they can only hold 4.99% at any given time.... no majority there!
Most pinks award a majority position to the officers.... they could not do that here cuz Rox and Armondo distributed far more than 50% before Vic arrived.....ordinarily that gives them the ability to call the shots (they also don't include AGM requirements in the bylaws
You all really need to read the filings. (all of them)
So I have another question......
If MPIX issued a convertible debenture contingent upon share price.... they don't get to issue new shares to cover the conversion..... they have to release shares from the unissued AS. What if the conversion ratio exceeds that number? Is that even legal? It is not "potentially limitless"..... it is simply conceivably limitless!
This is why convertible debt is so dangerous to stocks..... it is an invitation to the holders of the vert's to short the stock.... since they can short sell against the note and convert later to cover at a lower share price!
Do you think she will come to the promised shareholder meeting and vote her share block?
I am certain that, as things stand, the hangout Board swings enough votes (in aggregate) to nominate/elect/depose or prevent the election of a board member. Shareholders should have a serious discussion about putting forth an advocate..... it would surely bolster the PPS to have a genuinely "independent" candidate.....Pink? Bounty? Tuna? Grey? Ken?....who wants to visit Florida regularly?
If they conduct a vote they will have to do proxies.... it will not be necessary for everyone to attend. Retail clearly holds a majority of the OS voting shares..... the candidates can be discussed here and you should be able to mail your votes in! Shareholders can write in their candidate(s) via proxy!!!!!
So when will they file the next financials?
The form 10 submission last month was for restated past two years and the first 9 months of 2013...... it is now March 2014.
Where are the audited 2013's including the 4th quarter? This 10K should be audited as well.
http://www.otcmarkets.com/research/service-provider/American%20Capital%20Ventures?id=2668&b=n&filterOn=2
Here is what they report to otc for clients.....BTW..... that is an amazing find from 1998
If you have money invested here you really need to read the filing! I mean really read it....carefully.
Victor (to his credit) has done a good job. The Form 10 tells you all you need to know.... and the story is all about share structure, obligations, subsequent events, and convertible notes. This company has done an admirable job of attempting to make sense of the total mess it inherited. You don't even have to wait for the next filing!
I could lay the facts out for you all.... but I am sick and tired of being labeled "lying filth" for simply pointing out the truth!
It is all there for the world to see....GLTYA
Do you think you could call them and ask them about this????
So if they are now a "SEC reporting company".... the audited 10K Annual 2013 report is due tomorrow....that would be interesting!
I am confused....
On xxxxx xx, xxxx, we adopted a Code of Ethics that applies to our principal executive officer (Page 24)
We had 1,114,836,084 shares of Common Stock outstanding and 237,103,022 common stock to be issued as of February 12, 2014 305,531,909 of these shares are “restricted (Page 26)
As of February 11, 2013 there were 1,114,836,084 shares of Common Stock outstanding, 237,103,022 common stock to be issued and approximately 484 stockholders of record. (Page 27)
So does this mean they will file an 8K today?
Financials in one week!
So is it safe to expect them to be audited?
I think that management has conceded that most of those shares are long gone........with the exception of RW.... who has a 5M monthly cap.
For the life of me I don't understand why folks post they way they do. FWIW I think Vic is gonna have sumptin to say shortly.... financials are due out and the burn rate has to be at least another 115M shares for the quarter (that was the average before the two new guys were announced).... at that rate (even if you actually believe the company share count)... they are share broke in @ June. So "IF" you think that they have some blockbuster product secretly hidden away... they can't fund it's development and marketing without a share restructuring. It's that simple.
Shareholders need to insist on a Annual Meeting (required by the company bylaws but summarily ignored by past and present management). The majority of shares are resident in the float... the company is violating its own tenants if they fail to conduct a vote for BOD nominees !!! Shareholders have a right to be frustrated....for all the talk of turning a new leaf..... the new boss is the same as the old boss.... and we won't get fooled again!
I am glad SOME body made SOME money.
I don't spend much time with this.... but in a few minutes I turned up SOME thing folks might find interesting.
So the new MPIX "SOME" eco-system is going to be using the Paymeon platform. That's great (rolling out in Q-1 right after the audited financials)....lets look at the new partner.....PAYM formerly MMAX (reverse merger giving the remaining shares to the new partner before the name change)last year rose its AS from 195M to 1B.... then did a 1:69 R/S.
I don't know how to posts charts on I-Hub.... so I trust you will all go over to the PAYM ticker and take a look at the chart over the past few months and see how that worked out for those folks.
Hey .....while you are at it...go over to the Paymeon.com website and see how well that technology giants website works (my anti-spam stuff went bonkers like a Nigerian Check site when I did)... but don't worry.... everything will be fine.... this is MPIX...everything is a 10 bagger here!
19K worldwide followers costs @ $14.95
My twitter account has been hacked and sold several times....it is simply part of the equation if you use their service.
That is totally bizarre.......
OK... so TORQ remains unconsummated..... yet he suddenly turns over a $1M in revs/sales for the first time in history making a whopping $41K net(which is $41 K more than you ever made before) AND YOU MAKE NO EFFORT TO EXPLAIN WHERE THE NEW REVENUE CAME FROM----HOW YOU MADE IT----OR IF IT IS REPLICABLE??????????
Absolutely NUTS!
It should downgrade today @ late filing!
What happened to the audited financials? What happened in Aspen, Messi in Chicago,the Chinese Casino & Electric Forest? When is the AGM (Suppose to be next week)? sigh~~~
All these twitter-pated MPIX traders remind me of the green apparitions in Ghostbusters right before Binkman opens the trap!
Narrow is the door! This one needs SOME help!
You are right mquattrini.... they did not conduct a meeting last year This a pivitol momment wherin Vic can distinguish the new managment teams credability in terms of integrity and legal compliance. A real AGM... with a real vote (incliding proxies) congruent with the corporate bylaws would demonstrate a meaningful departure from the past
Shareholders should be excited to meet with management and managment should be excited to lay out thier plans to long term investors. They can introduce the new talent that is hard at work developing the new entertainment eco-system. Surely it is well enoughed developed to let shareholders peek at the future of MPIX.
A vote on a slate of directors is a requirement under the bylaws. Garson's resignation should be addressed and a replacement should be nominated...again... I think it would be wholly appropriate to advance Big Tuna as a candidate.
The promised audited fiancials are now overdue....If this company is to rise up....it must act like a real company
Perhaps enough votes could be proxied to elect someone helpful to the BOD such as Big Tuna, FLEX, or Mr. Pink????? Pretty clear they cover travel expenses!
The 20th is a Monday this year
Section 2.1 ANNUAL MEETING. The annual meeting of the shareholders shall be held on the 20th day of January in each year, at the hour of 10:00 am, or at such other time on such other day as shall be fixed by the Board of Directors. The annual meeting of the shareholders shall be held at such time on such day as shall be fixed by the Board of Directors, for the purpose of electing directors and for the transaction of such other business as may come before the meeting. If the election of directors shall not be held on the day designated herein for any annual meeting of the shareholders, or at any adjournment thereof, the Board of Directors shall cause the election to be held at a special meeting of the shareholders as soon thereafter as may be convenient.
http://www.otcmarkets.com/financialReportViewer?symbol=MPIX&id=88223
They are probably waiting to deliver both the news and the audited financials at the January Annual Shareholder Meeting (required under the company bylaws)....Maybe they will have it in Florida this year....warm is nice!
As you no doubt realized.... the folks at FLOW were the same folks at NET2VU absent the dead owner. The court battle over "brand" has been underway for some time.
FWIW Net2VU bought codec rights from a Salt Lake City firm an,d before they dropped off the planet, were re-writing code to better service a lower bandwidth environment commonplace in developing countries. That technology disappeared along with JNAP in the barren halls of the JM building.
Makes no sense to me to fight over it and spend the legal fees unless it has value.
Any connection to McHenery is a huge stretch.... but JNAP was a legitimate part of the Caribbean Fiber Optic conversation at the time DUTV effected the merger. Moreover, the fickle nature of a Cuban link goes a considerable distance in explaining the stupid stealth nature of this critter if you choose to entertain the notion that it is possibly real.
I fully get the despondent attitude here concerning the tweets. Well deserved skepticism rightfully vented as frustration and bitterness......
But a single reinforcing PR would change the landscape in the blink of an eye!
BTW... I just bought my mega millions ticket! I like the entertainment value for both expenses!
We now return you to your regular programming.....
TCCC and the parties responsible for various cable projects (including ALBA-1) in the region have morphed every year since 2005. The Italians, Venezuelan and Cuban Governments ultimately financed that cable. JNAP held the original Jamaican government permits to land a trans-Caribbean cable...those rights obviously changed hands several times. TCCC seems to have moved on to other sovereign's including Panama and the Dominican Republics
VOIP in Cuba is currently not permitted under government sanctions. But in a country where telephony infrastructure is virtually non-existent.... cellular & voip will ultimately explode as it has in SE Asia.
ALBA-1 went live in February 2013 (you remember those days).... but there was no coordinated Cuban plan to roll it out or monetize it.......and the cable went dark again in the early summer.
FWIW.... whoever holds the rights to Cuba's IP doorway is sitting on a HUGE potential revenue stream. Both data and telephony are woefully lacking. The embargo has worked because Castro's gov't enjoyed the isolation. But the cork can stay on the bottle for so long.
....and as long as I am posting.... feel free to look into an IPTV Barbados company called Net2Vu .... who shared offices with JNAP in Kingston @ 2011......by chance....everybody goes dark when the Cuban Gov't takes over funding the cable in 2011.
BTW...don't forget to get your Mega-Millions ticket today...it might have better odds than DUTV...or maybe not
You're right.......
There is a US embargo in place w/Cuba which extends to data services. There is also a similar restriction set applicable to Venezuela. that's why when ETASCA laid the ALBA 1 submarine fiber optic cable between the two... ALCATEL (a French concern) was the contractor. However, that same Fiber optic cable happens to tangent spur into Ocho Rios in Jamaica, where FO facilities once owned/operated/licensed by JNAP talk to the US Rain-Net. (A legitimate back door to the west) That transmission center is now operated by a holding company related to Vodophone (A UK based telecommunication's conglomerate).
Money always finds a way!
This is so wrong on so many levels--ALZH
Mr. Collins;
Thank you for taking the time to share your thoughts on PNCH. Investors would be well served by an answer to a few questions.
1. When your relationship to ICPLACES and SS ended....did you return the shares you had received?
2. Have you agreed to mediation?
3. Do you think the threat of a civil action is consistent with that pending mediation?
Thank you in advance!
I am sure a lot of good business deals are consummated in Aspen in December.
Personally I am looking forward to the Annual Shareholders meeting in January!
I could only find one of these companies scheduled to present actually PR'ing their attendance. Probably be an opportunity for MPIX to step up to the microphone!
The "Wall Street" conference IS a completely promotional event created by AVC for their clients. If you visit the website you will see they attempted to do this back in February 2013 and only two of their clients spent the money to attend (actually they issued convertible stock),,,, there is no indication the event ever happened. As for next months events.... MPIX is the only company to have announced participation at this point.
On a positive note..... I fully expect other PR's shortly....it will be part of the package. GLTA.... this will be your opportunity to escape!
Not really..... I Hub posters are dedicated to other pursuits---
ALBA-1 is controlled by two US embargoed sovereign nations. The Jamaica spur offers a backdoor high end USA connection as they connect thru authorized FO capacity in Ocho Rios.
ALBA 1 went live in January and dormant in June. At one point JNAP actually held the license rights to the landing..... but that trail is dark (rights went to the consortium and ultimately to CW communications which now supposedly operates the cable landing).
Cuba and Venezuela are sketchy places... and to say the least......very secretive (by necessity)
ALBA-1, JNAP, FLOW, LIME, NET2VU. RENESYS. LARRY PRESS, OCHO RIOS FIBER CENTRE, VODAPHONE, JM Building, 24 Trafalgar Road, KINGSTON, TCCC (http://www.trans-caribbeancable.com/)
Don't forget... this is the Q where they report the HUGE Messi PPV Rev's and Electric Forest Festival Rev's....oh and the Leher Media summer concert series.... Personally... I am expecting exciting updates on the China Big Screen project with Keith Merrill and the China Casino Deals! The new charity project is just the latest in a long line of exciting HUGE MEGA revenue generators..... Yep... this is the Q where the "new management" shows how they have it all put together
This company is now so truthful and transparent.... I am expecting a conference call this quarter (along with audited financials)
Please take note!
The most recent press release bears the contact information of Howard Gostfrand w/American Capital Ventures (a promotional company).
Investors should read that Press Release carefully.
Share restructuring is forthcoming!
Cohen has an interesting history....but he doesn't lend his name for free like Mr. Merrill apparently does. Pitt's.... I submit the convertible preferred discussed in the attorney letter have yet to be issued (it would have needed an 8K).... IMHO...the A/S returned by EMXC are spent (heck they were spent before the start of the reporting period if you read the "6 month statement")
R/S...then the issuance of the preferred to pay the new CSO for his contribution to the new "Entertainment Ecosystem"....Need money to make money
Looking forward to the HUGE-MEGA Messi revenues and contributions from Leher Media and Electric Forest.....MPIX has been busy busy busy during the last quarter..... updates on big screen China roll out too....WOOHOOO MPIX
the tweets themselves do not use his name...... After all this......If you think the tweeter has any real connection to the company... can you e-mail me the addy for your dope dealer...TIA
The tweets never refer to him directly....only an un-named CEO
So MNB I need your advice.....
I am thinking of sending $2600 USD to Nigeria..... $700 to buy the DUTV tweeter out of bondage and the rest to have her travel from Lagos to San Antonio to marry me. She is smokin hot (Her pic's suggest that she might be Hiedi Klums sis)and says that her time in Lagos has made her very worldly (if you catch my drift). She says that she love the person I am on the inside and can look past my multiple birth defects.
You seem skeptical for some reason... I was thinkin that if she marry s me I would have the inside DUTV poop....kinda a win-win for me.
do you have any opinion or speculation?