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Wow, who is buying? Ask is .20???
KK and MGM management are laughing at stories like these. They are never going to deal with the bondholders as they are the enemies now. They benefit the most from a BK restructuring.
Wow, that is ballsy. Anyday now they could release news that they have CC financing in place and the stock could soar.
I think we break $10 if remaining CC financing gets locked up b/w all 3 parties (MGM, DW, lendors).
I hope we make $10 by Friday close! I bought some 7.5 April Calls for a few hundred last week.
Good luck to you on those investments.
I have similar investments via 2011 calls on C, BAC, GE, MGM.
Thats why people need to stop pumping (as well as bashing) on these message boards. They do it b/c these penny stocks are so illiquid and a major sell/buy can have a huge effect on the share price. I would bet that the volume we've seen recently has only been a handful of shareholders.
The same for that 200MA would be superb! ;)
Nice. I spent a few hundred yesterday on April calls. They have to announce something by 13th, so the risk is worth the reward.
TT does have a point IF in fact NWOL does own these assets. As they haven't updated anything in over a year, most of us don't believe it. Maly has probably put these assets in the private entity.
There aren't any shorts. Mgmt has destroyed the stock price causing zero demand for shares. Zero demand + oversupply of shares = Crashing PPS.
This PR cracked me up. What's next: "SSTP ships fusion reactors to D.R. Unlimited supply of energy to meet D.R. needs."???
LOL
Go to TripAdvisor and look up the Hotel Los Monteros in Marbella, Spain. The first review is very interesting as it states the guest witnessed Russians all over the place back in January.
I hate analysts and Cramer.
Notice Cramer didn't say it was a buy. These people are always trying to limit their exposure. If it goes up, he can say he thought it would b/c he unlocked them from jail. If it goes down, he can say he never said to buy.
Also look at the S&P analyst for MGM. This so-called CFA keeps reiterating a SELL position based on numbers. Its such a joke.
It's the shorts. There is such a huge short interest on MGM hoping for a BK, that this stock is riduculously low. Consider KK has over 50% of the shares and institutions own a majority of the rest, there is hardly any float.
I think the release of the short interests back down to 10% would have a huge uplift to the stock. I can see foresee $20 in 6 months. Even though the stock was at $50 less than a year ago, that is going to take some work in the earnings department to reobtain that level.
There are enough investors lining up at the door to replace Dubai World that this is going to $10+. Lendors allowing new partner = Lendors allowing modifications to loan covenants for CC, LLC & MGM.
2008 was a crappy year, BUT...
they wrote off over 1 billion in goodwill for the Mandalay Bay acquisition. You will see positive earnings in Q1 with operating revenues and the TI sale.
I'm new to this board, but I've been lurking for a couple of weeks. I've bought 2011 7.5 calls the past few weeks. MGM has too many jobs to lose to go BK.
MGM will eventually overcome LVS. LVS just doesn't have the assets and earnings to trade higher than MGM if MGM gets its financing settled.
Add the fact CC will be the newest property which will draw people away from other casinos (MGM and LVS included). However, those visitors to CC would cause a net gain to MGM and net loss to LVS overall.
I'd go if Moffitt was making an appearance....
Any ideas on how they got the cash for that deal? I assume you are thinking they got it from Sinopec?
I wonder who is buying the other shares today. The PPS increase shows the O/S hasn't changed much, if at all.
Good luck on LVS. I'm in big with MGM.
Yes TT, but there has been no updates on the websites, PRs released, or updates to Florida SOS.
I haven't sold, but I've put this in the "worthless" category. Unless Maly has some huge deal still with Sinopec (which there is only a .00000000001% chance its still alive), or something else up his sleeve, we've been had by a Russian just like those Russian Hackers creating the Aprils fool virus to steal bank accounts.
I imagine the receptionist just isn't a very bright person and doesn't know the difference between "employee" and "independent contract" or "temp."
MM to MM transaction I suppose.
Yeah, amazing we have a bid of .0002 (though I doubt you can sell at it). As we all have said, the float isn't that big so any bit of news could cause major movement.
You will probably get a response along the lines: "I no speak-a english."
Question is, if this were to go againt all odds and go to $2, would you still not invest in pinks? ;)
Lol. That would be hilarious. I bet some idiot would then put in a .31 limit sell.
No offense taken. If they would just come up with ANY business plan, there could be a chance for a solid uptick. For a pink sheet there really isn't much of an O/S and I'm sure people here are stuck with tens of millions of shares (I'm in that boat).
I'm to the point its already pretty much a complete loss, that I might as well hold. It's not as if my 401k has performed well in the last 5 months.......
How strong is that ask of .04?
Thanks. If this were 99% of the scam pink sheet stocks, we would be in the 10s of billions already. I still am baffled what Sam would be doing with what little money he did get from issuing shares. I'm hoping it was more for services or he was selling blocks to certain investors, but that is unlikely.
Funny how TexasTom has stopped posting and we have drifted down to .02!
Not in the Dominican Republic.....
Well at least you get to see what a joke this company is:
Consulting agreements galore!!!!!!!!
Prove it. And with something other than hearsay and "supposed" personal experience.
lol. At this point, I don't know why anyone would sell their shares. They want to take their significant other to Mickey D's on Vday after the trade is settled and the commission is factored in?!?
Still no update on Sunbiz.org.
We probably won't see another Florida filing until their annual report.
Nice find. I have to say that company has no hope. It is one thing to have a good idea / concept, it is another for it to be a viable business. Ethanol was a flash in the pan the last 5 years and has proven to not be the answer to our energy needs. It will still play a large part in our lives but you won't see cars running on 100% ethanol.
As for Butterfield working at this company, it shows he isn't doing anything for GRCO. He's just a guy they can release PRs about to show how great the company is. He is more of a "board of directors" type employee who just shows up 2x a year and collects a check.
Hahah. The only thing she probably knows about SPRL is that it is the only company that has shareholders call for share counts (B/c legitimate companies file financials and have business plans!!).