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Considering the fact the same folks were 1000% wrong on the filing why on earth would anyone pay attention their opinion, why should I? The 8k was right there in plain sight so obviously someone has probably done ZERO research
Corporate Update
The Company recently filed Form 8a-12G with the United States Securities and Exchange Commission effectively changing the status of the company from a voluntary reporting company to a fully reporting company. “This action is fundamental to our commitment of full transparency for our investors. By subjecting the company to a self-imposed requirement to fully report under SEC guidelines, we ensure confidence with our shareholders and investors and bring the Company greater visibility and credibility before global financial markets,” stated CFO Mike Hawkins.
mCig, Inc. Provides Shareholder Update on Corporate Developments https://finance.yahoo.com/news/mcig-inc-provides-shareholder-corporate-100000599.html
8K FILED ABOUT A YEAR AGO AND ABOUT 3 10Ks FILED IN BETWEEN
https://www.otcmarkets.com/filing/html?id=12338842&guid=rlMZUHVJ3H2xS8h
You sound so frustrated chill out and stop telling tales. Not good for you or any of us for that matter
How exactly does a r/s address this? Reducing the number of shares doesn’t equate to devaluation. Reducing the # of shares will increase the pps. Ibeto shares are restricted for a reason. As much as shareholders have to gain by that shareholders also have a lot at stake if his simply able to sell his shares into the market which he won’t. His goal is to reclaim the #1 position in cement manufacturing which was unfairly taken from him
The company is already valued at several multiples so news and revenue have simple been building to support current valuation. It’s for the long term investor not short
Yea tends to happen with most stocks on Friday
Or one hell of a coincidence!
Yep definitely some games being played. I’m holding till the end regardless of anything anyone is doing or saying. Would be stupid to bail now imo
Yep that’s usually what they do
Lol ??
I would say after all the great news out today, go time is now! $izea
Absolutely why people I selling now if beyond me! Someone’s loss is another person’s gain as they say and Imma be the gainer!
Agreed. They’re definitely going to have to do something to recover from the dumping that just took place
Well said! Still holding strong, it’ll bounce back 1000%
Great analysis cheers for that
You maybe just right it’s the end of the month
Now I’m clear on where you’re coming from and we are pretty much saying the same thing. You’re looking at it from an EPS standpoint while I’m approaching it from total sale value standpoint. Interesting perspective cheers for that
Well you’ve basically justified my argument. I said debt is about $60m and you said $65m big difference right. But the assets are actually valued higher than I thought so please explain to me how a pps of $0.20 which would value the company at about $25m would be acceptable?
My point is debt holders would not have forced this strategy to lose money. They know the value of the company better than we do combined. At the very least company value should be at $70m based on your post which puts pps above $0.60 with little left for shareholders. I’m sure the board wouldn’t have rejected all previous offers to simply turnaround and sell just to share net proceeds of $5m (based on your numbers) imo
All this short data does is tell us that mms will be aggressively putting pressure on lowering the pps. In reverse we know the have to cover and the median pps for today is about $0.025 which will mostly be the new resistance level. We just gotta be above $0.03 for squeeze to kick in and then up up we go! $BIOAQ
Net Assets (property and equipment) is listed at about $50m in last filled 10k. A PPS of on the high end of what you’re saying ($0.2) values the company at $25m. The debt is about $60m (not even including pwc cost) so you really think the creditors stopped a company generating $20m in revenues to shut down and sell for half the money they’re owed? Sounds like you must have really thought out your analysis (n)
Net Assets (property and equipment) is listed at about $50m in last filled 10k. A PPS of on the high end of what you’re saying ($0.2) values the company at $25m. The debt is about $60m (not even including pwc cost) so you really think the creditors stopped a company generating $20m in revenues to shut down and sell for half the money they’re owed? Sounds like you must have really thought out your analysis (n)
4 realz! More like begging for cheapies season lol
There is zero truth to that. I dare you to actually post the direct link of such an evaluation? You’ve just posted a link to $BIOAQ profile page lol.
PWC gave a valuation of over $1. The serious BIOAQ please beware of #fakenews posters and it appears we got 1 here! Smh
Nice moves, good for you! I’m always for people making money rather than losing. It makes for a better environment when people make money they tend to be nicer vs when they lose.
We cannot win them all, that’s why it’s called investing. Hopefully we both win when all is said and done! Sounds like you’re doing that so guess it’s my turn. Hope you’ll be rooting for me :P
Glad to hear that buddy but I’m sure you could have been doing better riding this train lol ;)
I’m thinking $4 - $6. Personally the pps isn’t the most important thing imo. I think the fins from Galaxy and KLIK are actually more important because that will ultimately determine if the pps goes up or holds after the r/s. I believe those fins have the same timeline as the r/s so we will find out in very soon! #fingerscrossed
Yep you saw that correctly not a typo, 1000% gains today WITHOUT NO R/S
How are things looking for you today?
This for your input but again if you believe the company is undervalued and they have the fins to back that up then the opposite would happen. If the released fins showing that Galaxy revs are in the 10s of millions for 2017 and 20s of millions projected for 2018/19 then the PPS won’t fall it will do exact opposite, go up.
Yes the common thing for otc stocks after r/s is pps crash but that’s because the valuation doesn’t hold up afterwards but with $FLCR, Galaxy have the fins to back it up imo and if you think otherwise then invest accordingly.
You’re too focused on share count rather than value. You can have 100 shares @ $10 pps and value is still the same as 100,000 at $0.01
Thats that same thing, net worth it value same meaning. My point is after r/s the value of your shares is more likely to go up than down because the company is trying to value itself higher not lower.
If your holdings it worth $1k before r/s I expect it to be worth at least that and more likely more since the market cap of the company will more likely increase than decrease based on the pricing of the shares after r/s.
I get what you’re saying on normal circumstances but when the company believes that is market cap should be closer to $10m than were it currently is then it’s not a stretch to think they’re going to be pricing the shares to better reflect the value after all the mergers and acquisition
We are talking about $ value you so unless $FLCR is planning on devaluing the value of the company then sure there’s a big potential of coming out worse after r/s. But clearly the company is trying to better reflect its value based on it $25m 2018/19 rev guidance from its mergers and acquisition.
If the current value of your holding is say $10k after r/s I believe the value will still remain at least $10k or more not less. The number of shares will decrease but I expect the company to price the pps at a price that doesn’t decrease its current value (market cap). Company is definitely looking to increase value not decrease based on their press releases.
Usually means sold out which means product is selling $$$
That’s awesome you know when they launched?
Yea indeed $hwal finally showing some life!
Unfortunately all you proved is that he worked for these companies doesn’t prove much else but that. If he had a record of scams SEC wouldn’t approve to serve on boards of public companies, they do that all the time.
That’s only true for dummies who got in late lol. For those that believed and got it months ago are sitting on millions of shares at $0.002 pps ;)
Oh and btw it’s only 350-1!
Things definitely looking up for her and about time!
Can’t argue with that great sign and glad I stayed patient! $NNRX
Whoever just put up the 0.029 bid is the dummy of the year. They can get the award now no need to wait lol
Goodluck with trying to convince people on that. You’re obviously new to the stock and appear to be completely misinformed. Put your beliefs into practice and go short the stock then lol