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Let's also not forget about the incredibly low float of just 151,944,660 shares! I'm liking this company more and more every day.
Is this company generating a profit? I bought some this morning but I don't want to play this long term if the fundmaentals of the company are shabby.
Yes, this is a high risk, high reward stock with the potential for a massive payout, but the stock needs to be able to trade first. Do you have any knowledge as to why it is trading at .00001 instead of .0001? Because in TD Ameritrade it is currently showing a 90% loss, and I bought all my shares at .0001.
This company has been suspended from trading for so long that when it trades again, and we get that initial volume spike, it could be big, considering how many people (myself included) who will want to buy shares.
This stock will likely increase sharply to the upside, as unsuspecting buyers of the stock come pouring in on some press release or announcement. Then the insiders will sell their shares and make a hefty profit, while nearly everyone else loses their money.
That is why the key is to short sell this once it comes crashing down from a major pump because $ANAS is a worthless company with ZERO fundamental value.
Someone needs to pump this to .0007-.0008 and beyond.
I'm not so concerned with the fundamentals. Sure that sounds crazy, but most of these OTCBB securities run when positive news is released, and I believe it is just a matter of time before that happens.
Gotcha. What's most frustrating for me is this DTC chill. If anything does happen it will not matter because no one will be able to enter/exit their positions.
Who is the joker?
Thanks for posting this Vulcan. It's very encouraging to hear that progress is being made. Now we just need to get rid of this DTC chill!
Thanks DVA - we are definitely in the same boat. I also think patience is the key with this one.
About the outstanding shares... currently there are 1,976,025,753. What we must keep in mind, though, is that probably a billion shares or more are being sold at .0001, leaving less than a billion shares for the run ahead.
That's why if you get in now you can take a large position before anyone else, and when something happpens (rather it be a PR or some other announcement), you'll have an andvantage over others, who at that point will just be starting to take their positions.
And I have a feeling that when this gets out from the .0001-.0002 range, it will run hard, given the low share count with this stock.
I understand that the company's fundamentals are not good, but this is not the NASDAQ/NYSE....
Sometimes penny stocks run for no apparent reason ... you'll just wake up one morning and your trading account might show a 500% gain or more.
So while I agree with you that the fundamentals are pretty shabby, thousands of companies on the OTCBB have weak fundamentals... and yet they have brought stellar returns for their shareholders... in many cases through pump & dump, but nonetheless they still run. I mentioned in my other post that ANAS ran from where MNVN is now to .0139 without a reverse split. I'm not saying this company will see the same returns, but I still have a feeling that something good will come out of this.
That is strictly your opinion....
1 billion shares at .0001 is a meager $100,000 in trading volume. ($100,000/.0001 = 1,000,000,000 shares)
That will be eaten up rather quickly, especially if we see any good news/PRs.
Alright everyone, let's look on the bright side... even if this stock doesn't move, what have you got to lose? You bought at nothing, you lose nothing.... besides a small commission. And if it does move, CHA-CHING! 15,000,000 shares and growing my position. You guys can speculate all you want about how terrible the company is, but the reality is that if this moves even from .0002 to .0003 we all just doubled or tripled our investment. Look at ANAS... it went from .0001 all the way to .0139 WITHOUT a reverse split. If you were smart enough to take profits, you would have made a fortune! And nobody is forcing you to stay here. But for those patient enough to wait, you might just hit the jackpot!
Don't forget DVA, faith is the key.
Worst case scenario this goes to .0005 and we all make a small profit. Best case scenario this goes higher than Boomerang and makes some of us millionaires.
I believe it will go above a penny as well. They've done it once before and they can do it again.
Yes I understand the FACT that there was a reverse split that took place and brought this stock to .15, but even so it does not explain the FACT that afterwards the stock climbed to $1.20, giving the investor a return of 700%.
I understand the FACT that Boomerang is priced above .80, and I also understand the FACT that Dennis owns 47 million in Common Stock that he can use at anytime.
So yes, I understand the FACTS, and I also understand the FACT that anything could happen with this stock.
GLTU.
You don't post facts!
$34 million is a TON of money for any company, and Dennis is literally sitting on a pot of gold. Let's also not forget what will happen once the buyout goes through:
"Upon successfully implementing the closing process Mondial would join with MRGB3 via a “merger acquisition and reorganization process” that would effectively spin off Boomerang and subsidiary operations"
So Mondial and Boomerang will essentially be the same company (obviously different ticker) along with the new company which will just help to increase shareholder value. And let's not forget about the Boomerang investors in Canada and Germany that will take an interest in this stock once the ball gets rolling.
I could go on and on, but I think we can both agree this opportunity is too good to pass up.
Good luck!
It really doesn't matter rather this company is a fraud. The way things are going now this could run on news alone.
Sure they might be pumping Boomerang on purpose, but it seems to be working, and if they decide to pump Mondial the same way we could see a run very fast.
I'm not gonna sit here and tell you this is gonna run as high as Boomerang, because that probably won't happen. But I'm still optimistic at least until the news comes out and probably afterwards considering what happens regarding the buyout.
Also, here is food for thought: Dennis owns 47 million shares of Boomerang. That's a lot of money he's bringing to the table considering Boomerang's current share price. Just another reason I believe Mondial could surprise us all.
I bought at .0012 and I understand the frustrations of many people who have invested thousands. There's really nothing to do but wait and see what these scam artists pull next. I wouldn't completely rule a run out of the picture though; they could pump this higher and then dump at a much higher price instead of dumping at the current price.
Beside the fact that they completely lied, sooner or later there's gonna be a juicy PR that will attract new investors, who will be completely unaware of the fact that this company is a fraud.
Ignorance can be the most powerful tool on the OTCBB. I hate to say it, but the people running this company are expert scam artists and know how to lure investors. They attracted me, and they will attract hundreds, if not thousands of new investors as well.
So to my point, it's been up to a penny before, and it could happen again. There will always be investors who are new to this stock who won't do their due dilligence. And I hate to say it, but that is our greatest asset.
I might give him a call as well. I've already emailed Mondial and Boomerang but with no response.
I don't understand why everyone is being so negative. Sure this company is a fraud, but this is the OTCBB. Anything can happen. I'm holding out until I can get a return on my investment. I just don't see the point in bashing this stock when the 52 week high stands at .01.
MNVN is not a shell. One of the 8k's regarding the buyout clearly states "the transfer of shares must happen simultaneously so that MNVN will never become a shell company".
I hope you're right! A run to .06 or higher on this stock would be incredible. I believe it can happen looking at the 52 week high but at this point it's all a waiting game.
All the best,
Drew
Hey DVA,
You mentioned yesterday that you saw a stock go down to .00001 just before a buyout and then the stock increased? Could you explain that more in detail please?
Thanks,
Drew
I don't think it's an error, it happened to my account as well. I use optionsxpress and for this to happen is very strange considering that stocks do not trade below .0001. The buyout could have begun and they are just transferring all the MNVN shares to the other company or vise versa.
One thing I've noticed about this stock is that there is consistent volume. Many of these OTC stocks barely get traded (especially the .0001's) but the fact that we see at least a few million shares traded on a daily basis shows there is good interest in this company.
If nobody believed in the company then nobody would be buying. But Boomerang stock is reaching all-time highs and even if we only hit a penny on MNVN that is still a gain of 10,000%.
We must remember that Boomerang and Mondial Ventures are owned by the same team. With one stock hitting all times highs and the other still at nothing, I don't see how it's possible to stay like this for long. Either Boomerang comes crashing down or Boomerang investors come to MNVN realziing how undervalued it is.
And with MNVN as a significant player in the buyout, all that Boomerang traffic from Canada and Germany would surely bring investors. All we need now is the buyout PR.
This is a no-brainer. Anyone who doesn't buy at these lows will be shooting themselves in the foot later.
If MNVN has 47,000,000 in Boomerang common stock then good... their share price has been going up lately.
Now just imagine if MNVN sells even a couple million of those shares and brings that cash back to the company. Jackpot.
We just saw 2's a couple weeks ago, I wouldn't be so sure.
You have one company breaking record highs while the other company is stuck in trips, with the same owner and management for both companies. Things will change for the better soon IMO. $MNVN$
I seriously doubt Dennis is in a conspiracy against the shareholders. And even if his PR's are total BS, they seem to be working - Boomerangs stock price has jumped from .25 to .60 within a matter of months.
Please explain to me as well why Mondial Ventures is a scam.
I'm just a bit curious as to why you think this company is a fraud.
I'm just a bit curious as to why you think this company is a fraud.
Dennis is the majority owner of both Mondial and Boomerang. Are you saying this whole deal
is a fraud?