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The market will let us know whether it is fluff or not. If we sell endless .0001s before the bid comes back then we know they are just printing shares to sell the other 10B o/s. If we open @ .0001/.0002 and the 1s go fast and we start selling 2s THAT will be a good sign.
Keep in mind 10b .0001s is a LOT of volume.
Wish someone would buy my 0002s. I've had them up for awhile. I hope we don't have 10B more 0001s to sell
Luckily I have averaged down enough that I can get out @ .0002 and only lose a little bit. Have had my order in to sell @ .0002 for 2 weeks now. If it hits .0003 I could honestly care less. I just want out and hopefully I can "sell the news" next week.
Good luck to everyone on this board, we are going to need it and if you are seriously "Long". Please sit back and take a realistic look and approach to what this company has done with your money so far. If you go back and read through my posts I have not bashed this stock at all. I have looked at it objectively and there is no real investment here.
You want proof? What did the CEO of this company say "It is about supply and demand". Ok, so with that out in the open let's analyze what has happened here. BIG volume over the course of 2-3 weeks, we're talking HUGE numbers, millions even a few BILLION days and where did the PPS go? It went absolutely NOWHERE. We tapped .0002s among the midst of all that maybe two or three times at the most. That's not even mentioning the fact that the A/S has been increased THREE times since August.
With that kind of volume, if the O/S wasn't in the A/S the PPS would of went up because demand would of outweighed the supply. It didn't, therefore you have your proof.
The reality is, the company sold all of the A/S but STILL didn't have enough money so they increased it again.
BMIC and VNDM back on the sale I see. They got 10b fresh shares to start selling. 300m in volume is the last thing I wanted to see.
I'll believe it when I see it. A solid month of grapevine speculation is enough for me to shake my head at even more.
Ding Ding Ding, says so right on his website. We know MMEG is probably paying for the cheapest plan but here is his job with MMEG:
He tweeted it on Nov 2nd, so this week is "next" week.... jeez
No news today, but at least their ploy didn't work. Remember it was "great news from MMEG next Tuesday" expecting people to believe and buy more shares. There is no news here, and the fact that it's been lied about for a month now is a telling sign. This company is trying every dirty tactic in the game to milk this for all it is worth at .0001.
You want to know the best thing you can do? Sit on your hands and keep your money in your wallet. They won't do anything at all as long as shares are selling. Lets try to keep volume under 5 million today. A week of selling absolutely no shares at no bid and I promise you it will garner a response/tweet from the company.
Tom just has MMEG in his tweets, no mention of news tomorrow. Surely we aren't going to get faked out again on this news...
Glad to see the low volume, should motivate the company to do something to generate interest. If tomorrow is fluff we are looking well into 2018 before a bid again.
You know what, I just realized that reading and posting on this iHub message board is actually supporting this company in a round about way. I'm done, if you can't see it for yourself by all means believe in it. Sit here and defend them and maybe a group of suckers will believe you and buy up hundreds of thousands of dollars worth of shares and I can sell them mine. Tell everyone how great of a job Kurt has done and how he's taken your money and turned it into thousands upon thousands of profits. Please do, sell my shares for me. I refuse to come back here.
You can't seriously be happy about this increase. It makes absolutely no sense at all to sit here and back a company that has literally turned your dollars into pennies. You guys have to be working for MMEG because if you honestly trust and like this CEO and his associates you need to take a step back and look at this objectively. He is stealing your money and continues to do so, this is the OTC not nasdaq. There is no long term future in these companies. Their all trash, they don't even have a physcial address.
THINK ABOUT IT, you have thousands and thousands of dollars invested into something that doesn't even have a physical location. ITS A SHELL COMPANY PRINTING AND SPENDING YOUR MONEY.
lmao this board is comical, I don't even care about the news anymore. No news can save this at this point. The O/S is at least 15B now and this will be at no bid with all of the other vert capital plays. This was just the nail in the coffin.
Remember when you guys were laughing about how we were drinking coffee at VNDM? I think you guys are drinking coffee at MMEG headquarters. YOu can't spin this. At least my losses aren't too out of control, I can't image what all of you longs with 25-50+ million shares are looking at losing.
"It is easier to fool someone, than convince them that they have been fooled" <--------------- THIS IS THE MMEG QUOTE
welp, we're done folks. Shows over. Soon as I avg down they do this, c-ya guys end of December. I'll dump for tax write off.
Expect no bid tomorrow and probably well into 2018.
Finally averaged down where I can get out with minimum losses now. Let's hope news is good for all of us.
Picked me up some .0001s today, almost 5m actually. Hope the news is HOT
I mean, it's all unaudited so really all we can do is go by what's in the filings. Which clearly states November 5th, I'm not sure what your argument is or the basis of it besides maybe it's not what you want to believe?
this is crazy, why would they put NOVEMBER 5th in the filing if that wasn't the day it was due?
(f) Due 5 months from Closing: Two Hundred and Twenty Seven Thousand Five Hundred ($227,500) Dollars on November 5th, 2017
yeah we should trust what tom says... did you see his website/business/LLC?
https://www.tenassociatesllc.com/programs/
Full Service Broker/Fund Call Center
Social Media
Locating Financing
THINK ABOUT HOW HE LOCATES FINANCING LOLOL
The initial closing of the transaction took place on May 15, 2017 with the execution of the Stock Purchase Agreement and was finally consummated on August 11, 2017.
THINK ABOUT IT
So hot 95m shares dumped @ .0001 and a whopping 2.3m were bought @ .0002. Looking at the tale of the tape, someone dumped their position today. Better hope it wasn't one of the "whales" or the bid will disappear again.
LOL at the 100,000 share buy @ .0002 at 2:59
A wopping $20 paint job.
I couldn't agree more about the employee stock plan. I think that would cement a positive movement even more if this wasn't an OTC stock. If you take a look at the notes in the 10Q they have a LOT of money due first of November (500k to Blackfox CEO and another 160k or so to an LLC lender). This is what bothers me the most. That and the fact there have been a lot of 0001s sold so those people are going to turn right around and sell at .0002 (hence the 800m+ ask @ .0002).
Future/New investors are going to see that this company has at bare minimum 10B o/s and turn away. If they look any further and see the measly 156k in revenue tied in with the huge amount of debt the company is carrying they are going to run even faster. This next news article better have something substantial to it because if it is fluff we are looking well into 2018 before this moves past .0001/.0002 with buying pressure.
I don't think you realize what it takes to move something with a 10B+ O/S. This share structure is extremely bloated.
Noone want's to read this because it's factual. Most are just here to sell @ .0002 for 100% profit and don't care about the debt. They want to dump their shares off on someone else and move a long (I know that's what I want but I'm not constantly preaching this stock as the holy grail all day either - so by all means sell my shares for me please).
3 weeks so far with "Pending" news, guess they don't want to release fluff while their still selling .0001s by the millions daily. With a 10B O/S we would need multiple 1+ BILLION volume days to move this even to 0003/0004
As long as shares are being bought by the hundreds of millions there is no reason to waste the money to release news. You guys just play right into their hands by supporting them. Now the "whale team" has came in and propped a bid up for you guys to get excited about (sound familiar? Berkshire Agent did the same exact thing). Once they realize you cant force a move on a 15 BILLION size share structure they will dump their ones at bid at the cost of fees and move on as well.
This piggy is fat and won't move easily. Usually you either play share structure or news/financials - this company has neither. News will come once shares stop selling.
Where is the news that was promised last week and again promised the beginning of this week (you know, their scheme to sell more shares). If they had anything good to report it would already be on the wire.
As far as I'm concerned, nothing has changed here. Berkshire put his prop bid on the 1s and realized this pig is too fat to move and he moved on.
Holding my excitement for a little less .0002s - we still have to move through all of the 1s that went to retail. Don't be confused, people are not going to turn away from a 100% profit because of the business plan and "long term" strategy put in place by the CEO.
833,000,000 x .0002 = $166,200 which is more than the note due in November. This company still has $675,000 due by end of November and the O/S is at minimum 10B so nothing is going to happen fast even if there is buying pressure @ .0002.
Someone going to paint this green/.0002 EOD for us all? Hit it with a 911 for good measure :D
Why have they not sent share info to TDA yet?
I very well could be wrong, like I said - just a theory. Could be EOD dilution.
Early morning there is usually very little volume. I don't see anyone in any chats I'm in or on twitter discussing MMEG and it's almost a laughing stock/MEME status at this point. Yet day after day millions of shares are bought up.
IMO, the MMs are generating volume to make it look like there is interest and then they cross trade the shares back to one another. Surely the same ol' people on this board aren't buying up 100m+ shares of this on a day to day basis. This is the only place people actually talk about MMEG, it's a joke anywhere else.
53m in a form T EOD, roughly half of the volume traded here today. I still think this is MM's cross trading then giving the shares back EOD to create volume for the ticker to try to generate interest.
When is their next 10Q due, does anyone know?
News will come Friday if at all, they want to sell as many shares as they can before they release the fluff. If they had any good news at all it would of already been released. Their probably going over how they can say what's already been known again to sell shares.
The only problem is, people are catching on to their game. The more shares they sell with these tactics - the more we should expect the same.
Fox - you are a great IR person, I hope you are getting paid because this company sure doesn't give you much to work with to make your job easy.
Ok so let me get this straight, the company increases the O/S by 5 BILLION shares and you guys are coming to the conclusion that the market makers somehow don't have enough shares? The MMs are definitely not the bad guys here, their just simply doing their job. There is clearly no shortage of shares here or we wouldn't be at .0001.
I called my broker and told them I wanted to short MMEG and asked how many shares they could give me to short.
He immediately asked how long I had been trading and if I wanted their free course. He said I can't short a stock that is at .0001 and I could hear him snickering to his peers in the background.
I told him I already knew the answer. just wanted to maksure.
Can we stop with the short talk and be realistic
Consider this, noone is shorting a stock at .0001 right? It makes absolutely no sense. Think of it this way: What is a short? It is a share sold, that is eventually "covered" (bought back at a lower price). OK, now think about what dilution is. Dilution is taking a share from the O/S and "Selling" it, however that "sold" share is never bought back hence the enormous "Short" number.
The data you are looking at is in fact DILUTION. The shares are being sold and never covered. That's why MMEG is at the top, it has been DILUTING.
there is an unknown amount of .0001s on the ask (everytime it gets bought down, the MMs add more - this has been going on for 15 trading days in a row). When there actually was a bid/ask of .0001/.0002 there were roughly 1.5B shares @ .0002 on the ask ($300,000).
Use this information to your advantage and you can thank me later.
MMs gaming that ask again I see. Discipline thank you for taking one for the team to see if the ask was real/fake. It's not looking good because these 0001s just keep getting sold day after day. I really do believe the MMs are trading amongst themselves to generate volume and possible interest for new investors and then squaring up EOD via Form Ts. I can't see how this could be naked shorting because the MMs would be taking a huge amount of risk @ .0001
If you look, the Form Ts EOD are close in size to the overall volume of the day supporting my theory. Their just baiting new people to buy in, by creating the illusion of volume. The market makers are paid to game these sub pennies so you are definitely not going to beat them at their game.