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only 24 million float
4.6 million in rev so far this year
market cap under 500k
yup, there were a lot of holidays that work is forbidden over the last 6 weeks. Noticed how we saw no PR or fillings on holidays that work was forbidden on.
Noah Davis (President & COO): went to college at Yeshiva University (a Jewish university) -
-Source: Linkedin
Steven Plumb (Chief Financial Officer): Volunteer at Houston Kashrut Association where he "Provides kosher supervision services in Southeast Texas"
-Source: Linkedin
Evan M Levine (Chairman & CEO): I'm assuming Jewish based on surname, but I can't find a solid source.
.....as an organization, they have contributed to Jewish organizations, such as:
"Initiated a philanthropic endeavor with Jewish Family Services (JFS) of Houston, Texas."
Source: https://www.benzinga.com/pressreleases/17/06/m9629617/probility-media-corp-reports-fourth-consecutive-quarter-of-revenue-grow
People got played and lost their shares.
I have not loss any faith here.
I expect the 10-Q will be released at any moment.
You all thought I was crazy when I said management is Jewish and most likely observing Jewish holidays
Monday and Tuesday was a Jewish holiday and work is forbidden on both of those days.
Today is the 1st day back to work.
is everyone getting their positions before the court hearing on Thursday?
I know i have :)
Looking good here!
People took some profits, its gonna go back up
Slap the Ask.....lets squeeze these shorters
HUGE catalyst on Thursday
O/S is less than 4 million
Lets Go!!!!
Here we gooooo
look at the bid!
Volume today was ONLY 180k. What will more volume do here?
What a great opportunity we all have. I’m going to try and grab more under $1.50 tomorrow.
We can see $5 + by the end of the week imo
The wall at $1.20 got crushed during the last few minutes today
2 more full days before the court hearing.
I can see this going over $5 soon
HAHAHAHAHAHAHA
dude, you just made yourself look bad. look at what you posted
"Note payable dated January 1, 2017 bearing interest at 8%, due September 30, 2017. The note is secured by the membership interest of Premier Purchasing and Marketing Alliance, LLC held by the Company. The note is in default; however no notice of default received at the date of filing. 50,000 50,000
Note payable dated January 1, 2017 bearing interest at 0.0%, due in three installments ending March 31, 2017. The note is in default; however no notice of default received at the date of filing. 50,000 50,000
Non-interest bearing note payable dated January 1, 2017, due on March 1, 2017. The note is secured by the membership interest of Premier Purchasing and Marketing Alliance, LLC held by the Company, which have a net book value of $210,388. The note is in default; however no notice of default received at the date of filing. 36,830 36,830"
I'm on a free account and have a post limit, so i am done arguing with you,
exactly, they are just throwing out what ifs to scare people
I got a few:
what if they closed the acquisition with Visyon
What if they increased their revenue
what if they are reducing their overhead and debt
what if they acquire more companies
what if they continue to grow
what if the PPS increases to over $1
WOW, up 57% and we still have 2 and a half trading days till the court hearing!
Its going to get insane! its already insane!!!!!!.......slap the ask people
so, are you saying that the company is in default? Because, if they are in default, then they can dilute at a low price.
so, please show me where it says that the company had defaulted.
I have a challenge for all.
For the people who claim dilution:
Show me in the last 10-Q where it says note conversion of
common stock that is under 14 cents.
For the people who are claiming R/S
Show me in the last filling where it says that the R/S will definitely happen and what date it will happen on.
People need to read before getting scared.
There is zero dilution going on here. This is all scared retail that sold.
Read the financials people!
This is looking great! We should be moving much higher in anticipation of the court hearing on Thursday.
damn, i wish i can watch this all day.....i'm at work and L2 is getting my heart pumping!
Damn, i had to slap the ask several times now....this is moving fast!
I’m surprised that the company has not released financials or a PR to counter the filling on Friday.
I’m still in, but a bit disappointed tbh
The float is very low and there is a lot of hype over the weekend, so it might get crazy today.
Once the court rules in favor of the company, the Nasdaq up-listing will resume.
Let’s go!
Yeah, I guess so
I hope people exit tomorrow so I can get more shares at these prices, but I can tell that will probably not happen
This is a no brainer.
There are 3 notes that are active. Each has the below conversation price:
Note 1: 45 cents
Note 2: 17.5 cents
Note 3: 14 cents
With the current OS, future notes converting (when the pps is above 14 cents) and preferred shares; there simply is not enough shares left to use towards future acquisitions.
So, the company had no choice to increase the AS
This will allow for more acquisitions imo
Acquisitions = growth = $$$$$
Great work and info. This court hearing is a huge catalyst.
It is an absolute shame that this has happened; but a blessing for investors that gets to accumulate at these ridiculously low prices.
Read the last 10Q and you will see that notes will convert to common shares at an execution price of .14 and .17 cents.
The current share structure would not support the conversation, therefore they needed to increase the AS.
So, is the company expecting the price to go above 14 cents soon?
Maybe a major catalyst, such as the Visyon acquisition and Georgia Broadcasting deal would get them there?
This was going to nasdaq before the issue in India. Once the court rules in favor of the company, the Nasdaq process will resume.
I can’t wait until this week.
The anticipated court hearing on Thursday is going to make accumulating cheap shares very difficult
It’s disgusting what those people did. I hope they rot in jail for a very long time
I hope I can still get more under 80 cents tbh.
I like my current position, but I would really love more. The court case is Thursday, so the pps could get crazy soon with the low float.
The price should return to previous levels very soon.
The closing price on 8/22: $5.85
Then after hours on 8/22, the following PR was released:
https://www.otcmarkets.com/stock/MOMT/news/MoneyOnMobile-Announces-Termination-of-Rights-Offering?id=201730
People panic and sold, thus dropping the pps
Now there will be a major court hearing being held on October 4th (this Thursday)
Info on the court case:
Company PR: https://www.accesswire.com/511992/Open-Letter-to-Friends-and-Shareholders-of-MoneyOnMobile-MOMT
Video Explaining the PR:
Fraud Allegations At MoneyOnMobile; More details by @ShantanuBTVI pic.twitter.com/TJr7z7cGiy
— BTVI Live (@BTVI) September 4, 2018
Perhaps this has something to do with the “Certificate of Designation” that was filed on 9/18?
https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Mp2SRQWuvvO6skyWzI2olw%253d%253d&CorpName=PROBILITY+MEDIA+CORPORATION
“Certificate of Designation” is a document that states changes to preferred shares
It was smart for them to release this after hours on a Friday. Knee jerk reaction would have scared people into selling for big loses.
Now people can actually read, process it and come to the conclusion that it is no big deal.
Now that is out of the way, we should get the financials next week.
Wow, you guys already have a reaction. All doom and gloom lol.
On first glance:
The increase in AS is to prevent a hostile takeover. This is a very common practice.
The R/S is increased to align with the increased AS.
Simply put, a 1 for 20 split made sense with the AS possibly maxing out at 500 million. However, it does not really help if the AS is maxed at 5 billion. Therefore it was increased accordingly.
Just like it says in the fins, the RS is at the board discretion. It is not 100 percent, but it is there in case they need it.
The float or OS has not changed.
Knee jerk reactions are normal, but please don’t come across like the OS will be max and the RS will definitely occur.
The ask is very thin. Only 38k in volume and up 42%
Low float + Catalyst (court hearing next week) = $$$$$$$$$
Your questions have been answered already, but you keep on bringing them up again.
Pump and dump a company that is undervalued? Come on man.
I’m done talking with you. I am on a free account and can only post 25 times in a day. I not wasting them on you.
Just slap the ask if you want shares instead of scaring people
Huh? I must have not received that memo lol.
Some questions for you:
1) Why do companies go public?
2) Are they using the capital they are raising in a strategic way to grow the company (i.e., acquisitions, advertising/marketing, etc.?)
3) Is the company experiencing growth?
4) Are their revenues increasing every quarter?
5) Are they in a sector that has massive growth potential (example, Lynda.com is in the same education / training sector and they were purchased by LinkedIn for $1.5 billion)
If you honestly answer those questions, then you will know why we are all so excited about this company and how it is massively undervalued right now.