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I have a question and perhaps someone here can answer it. According to the recently filed 8-K filed on June 23, 2011, MPIX has agreed to pay $40 million in their securities to acquire eMax Media.
Now, MPIX has a total market cap of $367,700 as of 8-4-11. You can go to any financial website to check this fact. Given the fact that MPIX's total market cap is only $367,700, what makes you think the MPIX securities they are using for the transaction are actually worth $40 million? Now lets assume for my next question that the securities are indeed worth $40 million dollars.
Why would MPIX pay $40 million in securities to buy eMax Media Inc. when the total market capitalization of EMAX Holdings Corporation as of the close on 8-4-11 is valued at $3.67 million?
How does it make sense to pay $40 million in securities to buy just one of EMAX Holding Corporations assets, when they could buyout the entire company for $3.67 million?
I think it's funny you guys comparing EMax to the next Walmart or Berkshire Hathaway. But I won't stop you from dreaming.
137 posts so far today on the EMAX board. Thats got to be close to a record number of posts in a single day.
That is impossible to say. But I do believe that all KNOWN news is always priced in.
No I was actually referring to the November 16th PR in which Roxana Weber states, and I quote, "The company is preparing their dividends mailings and you can find all the information regarding these dividends at the corporate website." So actually, Roxana was CEO in November and I was wondering why nobody received those dividends as promised. And then even earlier on the November 10th PR release, Roxana states and I quote, "We have also filed with Pink Sheets to Uplist our Tier rating. However, we have been told by Pink Sheets that we will maintain a yield sign until we file our annual filings and audits with the SEC, which we are currently underway with completing." Well, OTC markets still has EMAX rated with a yield sign and there still has been no uplisting by OTCmarkets because these filing requirements never were completed. It can only leave one wondering.
Why weren't previous promised divi's never paid? What was the reason those divi's never materialized? Anybody know what happened?
Shareholders should be upset that EMAX uses shareholder equity to the tune of $125,000 dollars worth of shares to pump the stock. Incredible really. If the company is such a great investment, why do they need to waste shareholder capital? Good grief. In my opinion, all known news is always priced in.
Jerseyfish, I'm quite aware that EMAX is not required to file financial results. However, if you, I, or any other shareholder was the CEO of a company and you had good or great financial results, you would want everyone on the planet to know about it, especially your shareholders. If you're financial results weren't good, you wouldn't want anyone to know.
As an investor, if the financial results were solid, wouldn't you want the financials released? Do you like more visibility or less visibility? How do you do any D&D without financial results?
Quite the opposite. If you read my posts, JerLegg was the one who asserted the company was intentionally holding back the financial reports. I asserted that they are not holding back the financials for the reasons JerLegg suggested. I suggest you re-read my posts because it was JerLegg who asserted the company was intentionally omitting the financial results.
No, Jerlegg is asserting that the company isn't release the financials because the financials are so incredibly good, the stock would run up too fast if released, thereby making the shares much more expensive for the company to buy back. So essentially he's suggesting that the company is manipulating the price of the stock by not releasing the financials. I think the OTCMarkets, the SEC's Enforcement Division, as well as all shareholders wouldn't appreciate that if in fact that were the case. Now if you're someone who is really long the stock, I have a feeling you'd be pretty upset if someone was holding back any appreciation in your shares. It's my opinion, there is another reason EMAX doesn't want to provide visibility in regards to they're financial's. But withholding this information to manipulate the stock price is not the case.
I see JerLegg. So you're suggesting that the company is intentionally not releasing the financial's because if they did release the financials the stock would take off, thus making the shares much more expensive for the company to buy back? Are you serious? I would think that if the company were holding back the financial's for the reason you're asserting, every shareholder in the stock would be just a little upset. Think about what your suggesting. It makes zero sense.
I understand everyone here on the EMXC board is bullish. But ask yourself this question, how is it the company can release one PR after another in regards to stock buybacks, merger agreements, current progress announcements and updates, office openings, etc. etc., but hasn't released any quarterly financial reports? IMO, all these PR's are great but what really matters are the company's actual financial results. In all seriousness, where is the meat on the bone?
PPS targets in my opinion are completely meaningless with EMAX because nobody has any visibility on revenues or earnings. The fact that EMAX won't release any financial information, it's impossible to handicap a PPS. In my opinion the stock is moving up on hype and promises only. Without revenue or profit guidance, let alone any other financial information, it's all a big roll of the dice IMO. Hope is not an investment thesis.
It's my opinion that a MPIX valuation is impossible to quantify, given it's OTCmarket's caveat emptor status. And since EMAX hasn't filed any financials in so long, it's also impossible to do any rational analysis. We're only talking about a 2 million dollar market cap in EMAX so it doesn't require much to change momentum up or down. However, since there is really zero up to date financial information on EMAX, it's hard to understand why everyone is so bullish here, and I'm left wondering how it is anyone can have an opinion when there are no hard financial facts to do even the slightest D&D. I was hoping someone could convince me there is reason for the bullishness on a fundamental basis, but I do realize that's impossible given the lack of any current financial reports. I guess you'll just have to trust Roxy for all your decision making.
Why all the bullishness? I've been spending the last few days looking at this board and it seems the bulls outnumber the bears 100 to 1. I guess I'm wondering why so many of you are so bullish when Roxy didn't say a thing as promised on Friday regarding the dividends. I see zero evidence of profits or revenue updates at EMAX, SEC filings haven't been made for ages even though they've been promised for a long time now. MPIX is on the OTCmarkets caveat emptor list and their financials are a total mystery. My question for the bulls, why are you so bullish when promises aren't kept by management, and there are no financial filings for even the slightest amount of DD. What am I missing here? Any intelligent insight would be appreciated. Thank you.
Why is almost everyone here so bullish on EMAX? Even though tens of millions of dollars have been invested in this company, Roxanna Weber has never proven she can effectively execute anything. Here you have a company that has all these different businesses and yet she hasn't proven the ability to turn a profit, not short term or long term. Why do all of you posters have any faith in her ability now when she hasn't proven squat. Now all this talk about changing the share structure. Well guess what......these moves won't change any values one iota. In my opinion, this company has no real direction, no real focus, or the leadership to execute. Roxanna Weber certainly hasn't proven anything to date, and it amazes me that suddenly you think she will.
SPFM is trading at the same price as LGTT. IMO, both companies are worth $0.
If anyone is long this stock, or bought the stock based on promotional marketing hype, I highly suggest you read the company's most recent SEC Form 10-Q. You can believe anything you want in regards to statements from the company, or stock promoter hype, but if you actually read the SEC filing you'll find the company for the 3 months ending on April 30th, 2011.....had sales of $0, as well as accounts receivable of $0. The filing goes on to state that for the six months ended April 30th, 2011, they had a net loss of $577,320, a working capital deficit of $2,172,438, a stockholders deficit of $2,361,236, and an accumulated deficit of $3,520,562. Therefore, believe all the promotional hype you want from pumpers, but this company can't continue as an ongoing concern unless they can raise additional capital, or somehow generate positive cash flow from operations sometime soon. Because with sales of zero, it's impossible to comprehend anyone's bullishness.
Just don't want to see naive investors loose their shirt. I'm rarely wrong. Sometimes wrong but not very often. IMO, Viper is a shell of nothing, and going forward the SEC has finally caught on, and is looking very closely now at all RM's....especially Chinese RM's. If a Chinese firm wants to be a public firm in the US, you have to ask yourself why they can't or won't do it in a fully transparent and traditional way of going public. Doing an end around, isn't going to fly anymore. This is just my opinion of course. If you don't believe me, just Google Chinese reverse mergers in the news and read up. My intent isn't to "shake the tree" to obtain shares here. My only motivation is to warn potential new investors who don't know any better and instead follow the advice of boiler room promoters. If a Chinese firm is the real deal, the entity should have no problem doing a traditional IPO.
Chinese Reverse Mergers are dead. If you're buying VPRS on hopes of a RM, you're buying air.
MPIX has been added to the OTCmarkets Caveat Emptor list. I thought maybe you guys would want to know.
Reverse merger hype looks to me more like a classic pump and dump. Of course, this is just my opinion. But I've seen this movie a lot.