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Alright, with all the questions floating around from the PR, I say we definitely need a conference call to clarify all of this.
Haha yeah, I'm sure I won't be complaining once I've taken my money to the bank.
Gotta love it when the daily chart looks like it's climbing a set of stairs. Lets keep it up!
Correct me if I'm wrong here, but when you convert preferred shares to common shares, those common shares count as INCOME (as far as taxes are concerned) right? I'm all about making money but it looks like my taxes are going to be very complicated next year...
Hmm, that's interesting. I'm guessing that this means that you must hold $250,000 worth of common stock to be issued any preferred shares then correct?
Hmm, I wonder how they're going to go about issuing these preferred shares? Lets say that hypothetically I'm holding 1 million shares of common stock, does that mean that I would receive 10 shares of series D preferred? Or does it go by the mkt value of my current hypothetical holdings which is only worth ~$9000? Someone explain this to me, my brain isn't working this morning.. I think I need more coffee >_<
I think we will see news next week (or possibly even today). Hold on to your shares and add if you can -- we're setting up for a nice run here. When the PR's start coming in they won't stop. We'll soon have a marketing campaign pushing Level 5's beverage products, when that happens MINE will really take off.
I've got my shares, other smart investors are loading up at these levels. I think we're going to see news either around mid-week or sometime next week and when we do this is going to run. Looking forward to the weeks and months ahead, this is going to be huge.
MINE - their subsidiary, "Level 5 beverages" is in the final stages of product development of 4 new 'healthy' vitamin/energy shots. Once product development is complete then the next step will be getting the manufacturing and distribution all lined up -- this should be a quick and easy process since we have Power Brands and all of their industry contacts at our disposal. After that we will see a heavy marketing campaign and finally, product launch. There's going to be a nice little run with news of the product development reaching completion but it won't be anything compared to the run we're going to see once the marketing campaign really gets kicked off. This is a great opportunity to get in on the ground floor at these prices before things really start taking off. The pennies are coming people, make sure to get your shares before this goes above .002, I know I've got MINE.
Nice close today!! These .001X's are drying up, we might see the .002X's by Friday yet!
If you want to get in down here you've only got a few more days to do it; if we don't break the .002 mark by this Friday then I'm sure we will sometime next week and once we do we won't see these prices again IMO.
We had to fill that opening gap and now we're back at .0013, time to move up!
My average is still under .003. I've seen CDFT go from the .001's to .027 already and I have no doubt that they can do it again. Of course, it's always easier to be optimistic when you look at your portfolio and see that you're still 200% in the green, I feel for you guys who bought in high but as for myself, I'm not too worried right now.
"...the wild ride is actually right around the corner not months away."
Yes, that's what I meant as well; I think we'll see a run start within the next two weeks that will continue for several months. Once the marketing campaign kicks in for Level 5 I think we're all going to be suprised by how fast/far MINE will run.
Unless we get some unexpected good news this month I'm thinking we'll see this trade horizontally in a PPS channel of .008-.0125 with low volume until May. Once we get close to the share retirement date then I think we'll see some solid upwards movement at that time. Loading up on anything under .009 is a smart investment in my opinion. This is definitely not a day trader's or flipper's stock; this is one to hold LONG all the way to the bank.
The V-twins are off the ask for the 2nd day in a row this week. Other MM's are quietly accumulating at these levels. Big news is coming soon and the folks over at Power Brands are hard at work finalizing formulas, coming up with labels/artwork, creating a branding/marketing strategy, and lining up a means of production and distribution for Level 5's products. I'm calling it right now -- THIS IS THE CALM BEFORE THE STORM!
Get your tickets now before this train leaves the station; we're gonna have a wild ride over the next couple of months!
Cost to build the RMS Titanic = ~$7,500,000
Estimated value of the artifacts that have been salvaged to date (which represent only a small portion of the total amount available as most are still at the bottom of the ocean) = >$100,000,000
good bid support at .0012, I'd like to see this in the .002's by the end of the week.
MINE looking to breakout today, up 30% already this morning, L2 is VERY thin all the way to penny land.
We're averaging over 1.25M trades and +.0001 PPS increase every 10 mins so far this morning. With the V twins off the ask this thing is ready to fly!!
Over 1M in volume in under 10 mins of trading, great bid support, ask is being slapped HARD. It looks like things are about to start taking off now. GET YOUR TICKETS PEOPLE, THE TRAIN IS ABOUT TO LEAVE THE STATION!!!!
That's about what I'm expecting this time around too. Easy money to be made here.
Added more funds to my acct over the weekend, looking to pick up another million shares or so for this ride; I just couldn't resist at these low levels. I'm expecting to see a very nice PPS increase by the end of the month.
Wow, I haven't even looked at OWW for a couple months or so, this thing's rocking right now! Wish I'd bought back in mid-Feb before this run started. Looks like OWW broke through the resistance at 5.99 that it hit back on March 14 & 15 today. Not sure how much more room this thing has before it runs out of steam and a downtrend begins so I'd be a little wary of buying in at these levels but honestly it could go either way at this point. I'm going to wait a while and see if we have another dip before I consider buying back in here.
I'm expecting a nice run starting towards the end of this month and continuing (with peaks and dips along the way of course) into May. I'll probably sell my shares and try to take some nice profits at that point (going on vacation in May and will need some money). If we have a major dip after the first run then I'll probably buy in again because I think this will have an even bigger run once product actually starts hitting store shelves and we get some idea of what the revenue will be like for Level 5. Good luck to everyone holding MINE, I hope we all make money on this.
This board is so full of drama nowadays that I don't even know why I come back here... I bought in under .002 so my account is still showing green on CDFT by a pretty wide margin. I think I'm just going to leave the CDFT board altogether until the next 10-Q comes out.
I'm not sure exactly when MINE will begin to take off but I believe they definitely will at some point in the next few months. I was on the fence about just dumping my shares and getting out of my position here, especially when I first started reading the 10-q and saw the amount of dilution that was occurring due to their convertible debt.... until I read about them wiping out $150k worth of their convertible debt in exchange for a ~30% stake in Level 5.
Companies that offer services or financing in exchange for convertible notes aren't usually in the habit of tying themselves and their profits to their debtors but that's exactly what they've done in this case. What people need to understand here is that these three companies each 'invested' $50,000 in Level 5 itself. They own part of the subsidiary now, not common shares that they could just dump on the open market to recover all or part of the money that's owed to them. They're expecting to make more than $50,000 from their share of Level 5's profits; if Level 5 is a failure then they have lost ALL of that money. That shows a level of confidence in MINE & Level 5 that is rarely seen between a debt-financing company and a company whose stock is trading at sub-penny levels on the OTC market. For these companies to take an illiquid stake in Level 5 shows that something BIG is going on behind the scenes here because otherwise they would've just taken their convertible shares and cashed out.
All that being said -- never fall in love with any stock, especially here in penny/sub-penny land. Never buy or sell a stock based on what others are saying about it. Do your own independent DD and analyze/question everything until you're satisfied with your own assessment and can draw your own conclusions. As for myself, I'm going to stick around for a while longer to see where this thing goes. With the product development currently underway and a marketing strategy being developed as we speak I personally feel that it would be foolish to not see this thing through to the end.
I know it won't have any short term effect on the stock but the company needs some steady revenue sources ASAP if it hopes to start paying off these convertible notes before they come due. I know that's why they're being so aggressive about getting Level 5 off the ground but they still have quite a ways to go before any of their beverages actually start hitting store shelves. As long as they have a good marketing campaign then Level 5 will take off eventually and they probably won't have any financial worries at that point but until then...
One interesting development that I noted in the 10-q is that the company signed over ~30% of its ownership in Level 5 Beverages in return for forgiveness of $150,000 worth of its convertible notes. 3 different companies that MINE owed $50,000 in convertible debt to agreed to accept a 9.9% stake each in Level 5 instead of taking their convertible shares. This tells me that 3 DIFFERENT debt-financing companies all believe that Level 5 is/will be worth more than $500,000 (since ~10% = $50,000 now) in the near future.
One company wouldn't have meant much, but since three companies have agreed to forgive $50,000 worth of debt in exchange for ownership of only a fraction of Level 5 then they must see something good there as well.
We've gone from ~260M to ~450M shares outstanding just in the last two months... Hopefully the dilution is over for a little while.
Also from the 10-q --
"On February 4, 2013, the Company entered into a Securities Purchase Agreement and Convertible Promissory Note between the Company and Asher Enterprises for $42,500."
Looks like they're still not done with the toxic financing from Asher; hopefully Level 5 will take off soon and provide them with enough revenue that they don't have to resort to convertible notes and debt financing to keep the company running.
With all the PR that will be coming out soon I expect the PPS will have a pretty good run but it looks like they've still got a long way to go before they turn this thing into a profitable business with a dependable source of revenue.
I'm not sure if it would be worth it.. It has additional listing requirements along with application and annual fees.
http://www.otcqx.com/qx/otcqx/requirements
Being on the OTCQB means that the company is current in their reporting with a US regulator which already puts it leaps and bounds ahead of companies trading on the pink sheets. People who trade penny stocks know this whereas most traditional investors (those who never stray from their big board stocks) generally look at ANY stock trading on the OTC markets like it's a 'stinky pinky'. This is why the CEO of Citadel wants to get listed on the NYSE -- because being listed on one of the larger exchanges makes the company seem much more 'legitimate' to the average investor, something an uplisting to the -QX board wouldn't accomplish.
Glad to see things picking back up here. Lots of volume and the PPS moves upward with very little buying pressure. Can't wait to see what happens here when the CEO's common shares start getting retired.
Just added some more and bumped us back up to .002, the next few weeks/months should be very profitable for everyone here imo! It will take some time to get the final product to market but they're making great progress.
Paid advertising just creates volume in the short term. Volume and PPS would surge for a couple of days and then pull back again. I'd rather see them spend money advertising their credit card processing services to pull in some more clients, something that would actually bring revenue to the company instead of just temporarily inflating the share price. Dollar for dollar I think that would be a better place to spend money on advertising in the long term. The CEO has stated that he isn't interested in making short term daytraders and flippers happy, he's interested in bringing value to long term investors by actually adding real revenue and income producing assets to the company. I don't think we'll see any paid pumps for this company as it wouldn't actually accomplish their stated goals. I agree that we need more exposure here, and a paid advertisement would have that effect, but it would attract the wrong kind of investors -- namely day traders who would buy into the stock, hold for a day or two, and then sell all their shares off effectively killing the momentum that brought them to the stock in the first place. This stock will get plenty attention on its own merit.. it will just take time.
That would be great, then while we still have momentum going start retiring DeRoos' common shares to push us even higher.
Not today. I'm actually hoping for another week or two of silence on the PR front before we start getting some serious good news. That's not going to be a popular opinion here, I know, but that will definitely shake the shares from weak hands while stronger hands will be there to catch them all. The more shares that find their way into strong hands now, the higher the next leg up will be.
As with anything concerning the stock market, no one can say for sure. Personally, I think we've pretty much evened out for now and I don't expect to see sub-penny prices again before the next leg up. We will move up again on news, it's only a matter of when we will get that news -- it could be anytime between today and a couple of months from now.
Britannia's BOD are now Micron's BOD. You can find their names and bios on Britannia's website -- http://www.britanniamining.co.uk/ Britannia is a private company and doesn't have any public filings out there so I have no idea how much (if any) capital, equipment, debt, etc. that they have right now. As soon as the merger process is officially completed then we'll start getting quarterlies and other audited statements that will give us a better idea of what's going on with this company.
Also, the company/CEO has made good on every promise that they've made so far so I have no doubt that the shares will be retired. We know that at the absolulte latest, they will be retired by the next 10Q but they can retire them at any point between now and then.
So you think that the CEO retiring 70% of his common shares (about 115 million shares or so) will have no impact on the PPS? The share price will still fall through the floor and all of us will be stuck as bagholders?
Funny, I got my "Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting" with a link to the voting instructions delivered straight to my inbox on Jan 11 from Etrade.
The value is that shareholders will then hold shares of an actual company instead of just a worthless, debt-ridden shell (which is what MSVS was before the merger). Whether or not anyone who holds MSVS shares at this PPS level will see them appreciate in value at all remains to be seen, but the chances are much higher than they were before the reverse merger.