Forming an opinion
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There are alot of requirements in order to do a successful R/M.
http://www.gopublic.com/requirements-to-close-public-shell-reverse-merger.html
The answer to your question is both.
It was .06 on Nov. 1st, last Monday at 11am, and in the .006 range that same time Friday, the 5th.
That's the 100 billion dollar question. Anyone's answer is purely speculation, which is what these bottom plays are all about.
Not too bad a day for a Friday and considering what some people bought in at a couple days ago, I'm sure more than a few took profits. ;)
Thank you Smit. I can say being a Mod does come with a certain amount of responsibilty, but I tend to remain neutral, if not even slightly neg. biased. I'm sure there are people out there in www-land who have made this there first trade and really haven't looked at their risk/cost basis and I don't want to be held accountable by my self or them if they lose money. At the same time I realize alot of people have bought this over the last few days and don't want them to miss out on profits because of something I write on here.
Bottom line: Everyone is responsible for their own buying and selling. You make the final descision, it's your money.
GLTA
Money and honesty don't mix well.
I did, you can be sure that type of upfront info doesn't sit well with some, but I surely appreciate it.
It's all good Smit, that's why these boards exist. We share info and try to learn from each other. :)
Very good explanation for the short counts, turns out you are "savvy" after all. I believe that may be the most accurate post I've read on iHub in the last week...maybe month.
I don't think anyone has. I don't think the CEO is a real chatty kind of fella. Doesn't like to reply to emails either, apparently.
Maybe he's just trying to build up some suspense....
Amazing to see MJ sold in select areas now a days. Would love to be able to walk in a store and buy some primo. I guess I am getting old. Like to see things changing more, I don't understand why people can buy alcohol and tobacco in every store in the USA and just MJ in a few states.
Go CBIS!
There's a phone number and email address in writing for anyone who really wants it: 604-781-9935 and cbhampton3@shaw.ca
If it does, I'll be a buyer...and if I lose money I'm gonna blame you "Shorty".
LOL, it'll happen, give it time.
Actually that might not be as bad. At least they would have a real Investor Relations instead of the CEO as IR. And they might even throw in a magic PR to help stir the pot. That's what a "Normal" pinkie would do.....
Maybe the CEO and his secretary are in rehab and aren't availiable to use the telephony.
State of A/S is unlimited, and they don't even care if you operate or live in the U.S.A.
" Freedom
You can operate your Corporation and live anywhere in the world and you do not have to be a US citizen to incorporate in Wyoming. But, in order to give substance to your operation, you should know about our Office Service Contract and learn how use of this inexpensive option will give "presence" to your remote corporate operations. And, if you are not a US Citizen, we have a whole section for you to read here. "
http://wyomingcompany.com/
The numbers do matter. Had they been 250 million, this wouldn't be such a clusterfudge.
That's odd, because in your post you aren't even replying to anyone's question....I'm not even sure anyone cares what state they operate from.
But yes, it is in fact Wyoming.
Next
The day they give options on Pink Sheet stocks will be the best day of my whole life. LMAO
And you're as bad as the CEO, those decimal points mean alot at these levels....
I guess you mean .001, not .01
10x difference between the two.
Yeah we're doing options on Pinkies now, lol.
What broker?
Lol, the most you can lose is 99.9999999999999999999% If I could lose 900% playing stocks, I wouldn't play them.
I think they may be missing a few brain cells. They don't even know the difference between 50 billion and 100 billion.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37134
"The total number of shares this corporation is authorized to issue is 100,000,000,000 (fifty billion), allocated as follows among these classes and series of stock"
Do you see the date on it? It says Sept. 1st. 9 days later this was filed:
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37134
I don't think the prefered shares are even an issue. They are only 2% of the A/S. The commons are 98 billion per TA and company filing with the SEC.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37134
That A/S of 8,333,333 is history. All the following was posted on Sunday. Pretending it's not true doesn't make it go away.
"In April 2009 the company split its common stock forward 5:1, bringing the company’s issued and outstanding common stock to a total of 175,000,000 In August 2010 the company did a reverse split of 1:30, reducing the company’s issued and outstanding common stock to 8,333,333."
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=37043
Which brings us the the lawyers statement. His report was done for Sept. 1st when the 250,000,000 A/S would be correct....until the amendment.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37134
The most disturbing part of the amendment to increase the A/S is this, The total number of shares this corporation is authorized to issue is 100,000,000,000 ( fifty billion ). Either they have a hard time with numbers or just don't care. Because I don't care what country you're from 100 billion isn't 50 billion. That's just weird and irritates me.
Bottom line is Pinksheets was wrong...it wasn't 50 billion A/S, it looks like the A/S is twice that. Sorry guys.
I guess one could argue that the O/S is still an unknown, but without a PR giving a damn good reason for such a big increase in the A/S(such as restricted shares for aquistion?) who in their right mind would hold this for more than a daytrade?
That just shows you how much the company cares....that is in the actual filing that everyone seems to want to ignore for the last few days.
They did....lol, there just were'nt any real buyers. Look at the chart a month out...
I'm not sure why everyone doesn't believe if the A/S figures are correct. The T/A's figure are confirmed by this filing:
A/S : 100 billion comprising :
MIDEX GOLD CORP.
ARTICLE II.
The total number of shares this corporation is authorized to issue is 100,000,000,000 ( fifty billion ) , allocated as follows among these classes and series of stock:
Common Stock Class, par value $0.00000001 per share – 99,880,000,000 shares authorized ;
Preferred Stock Class, Series A, par value $0.00000001 per share –10,000,000 shares authorized.
Preferred Stock Class, Series B, par value $0.000001 per share – 90,000,000 shares authorized.
Preferred Stock Class, Series C, par value $0.00000001 per share –20,000,000 shares authorized.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37134
That was from EOD yesterday, I would assume that's it's growing by the hour.
It's not that bad yet, the TA said the tradeable float yesterday was 400+ million. Maybe add a 100 million to that today.
It's still tradeable, but don't bet the farm, lol.
The TA can answer that also. Someone received a reply from the TA earlier and I suspect these are really yesterdays figures since they don't update until after 4:00pm.
From the TA:
AUTHORIZED SHARES
ISLAND STOCK TRANSFER Page 1
Effective: 11/09/2010
ISSUE: MIDEX GOLD CORP. (597396308) (MXGD)
Shares Authorized: 99,880,000,000
Stated Outstanding: 0 -------
LESS: Shares Outstanding: ( 32,405,833,931)
Shares RESERVED: ( 0)
--------------------
Shares available to issue: 67,474,166,069
Free Trading Shares: 401,667,264
Cert Outstanding: 32,405,833,931
Book Outstanding: 0
Thank you.
Best Regards,
Oksana Savchenko
Associate of Operations
I s l a n d S t o c k T r a n s f e r
Full Service Transfer Agency
100 Second Avenue South, Suite 705S, Saint Petersburg, FL, 33701
Office phone: 727-289-0010 ext. 266 | Fax: 727-483-5436
Email: oksana@islandstocktransfer.com
web: http://www.islandstocktransfer.com
I tried to contact them several times. I guess people on iHub aren't the only ones who ignore me.
Besides it was in the filing all along for everyone to see and that I refered to in my post.
Good grief........
I don't understand why anyone who read this over the weekend did not sell when they had the chance on Monday. Anyone who bought on Friday at less than .003 could have averaged in Monday morning and sold with a profit on the bounce.
I also don't appreciate those who accused me of trying to start a panic. I received two thank you's....
Next time when someone tries to give you a subtle hint, you might want to look a little closer and see who's really on your side.
I've sent a couple emails to the old IR and the CEO on Friday and Saturday, in one of the filings it said he was the new IR, however he hasn't responded.
Phone: 604-781-2393
E-mail: morganmagella@yahoo.ca
The person responsible for our investor relations is our CEO, Morgan Magella, who may be reached through our contact information directly above.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37043
I know you were. When I looked at your link, it said out of stock online and in stock in my store in my city.
Says it's in stock at my local Walmart, I might have to buy one and be the first to put in a customer review on the Walmart site.
Not really. If the seller is done for now, and people decide to buy.
I would expect some people that bought Friday to sell first thing Monday morning and then a bounce, how much is anyone's guess.
Any news from the company Monday morning would help alot.
Another piece of the puzzle. I'm not going to try and deny this, it's a filing with a date of Sept. 10th. After looking a little closer at the previous filing I found where the other figures came from.
"In April 2009 the company split its common stock forward 5:1, bringing the company’s issued and outstanding common stock to a total of 175,000,000 In August 2010 the company did a reverse split of 1:30, reducing the company’s issued and outstanding common stock to 8,333,333."
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=37043
Which brings us the the lawyers statement. His report was done for Sept. 1st when the 250,000,000 A/S would be correct....until the amendment.
The most disturbing part of the amendment to increase the A/S is this, The total number of shares this corporation is authorized to issue is 100,000,000,000 ( fifty billion ). Either they have a hard time with numbers or just don't care. Because I don't care what country you're from 100 billion isn't 50 billion. That's just weird and irritates me.
Bottom line is Pinksheets was wrong...it wasn't 50 billion A/S, it looks like the A/S is twice that. Sorry guys.
I guess one could argue that the O/S is still an unknown, but without a PR giving a damn good reason for such a big increase in the A/S(such as restricted shares for aquistion?) who in their right mind would hold this for more than a daytrade?
I wish this amendment was a mistake, but you know the saying, "Shit in one hand and wish in the other, see which one fills up first."