Alive and Kicking
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Too funny...going to close in the redrum
"livin in a van down by the river"
Charts Mean nothing in Penny Land when company has no real assets other then a printing press......and few bucks to pay a team of pumping shills.....
Re-Read posts. "IMO Deal or Deals are done"
See if it sounds as ridiculous to you as it does to me......
If they announce done deals this goes up as it will be the first milestone hit this management has achieved. A lot of people waiting for that very news.
So this fact being incredibly obvious why would MDCN be diluting now if deals are done. Wouldn't they wait and dilute into a run.
IMO these deals have fallen through, if there ever was any, and given the last 10k filed last year 48 million dollars was not enough cabbage to line a white collar criminal's pockets. They want all of your money and will do anything to get to it....except maybe sexual favours........
wait unless you like being on the receiving end.....lol
And here in lies one of the problems with our Markets............
Fox Raids Henhouse: SEC Charges Compliance Director With Fraud
Posted By NAPA Net Staff On May 29, 2015 (9:06 am) In Managing a Practice, News, Regulatory Compliance
In what was described as a case of the “fox guarding the henhouse,” the SEC has announced fraud charges against a man who allegedly abused his position as compliance director to cover up an investment scheme.
The SEC’s Enforcement Division alleges that William Quigley was involved in a scheme to solicit investors to buy stock in well-known companies or supposed start-ups on the verge of going public, but the securities were never actually purchased for them. Instead, once investors wired their funds to bank and brokerage accounts that Quigley set up and controlled, the money was quickly wired to a bank account in the Philippines or withdrawn in small increments from ATM machines in the vicinity of Quigley’s home and office.
Quigley allegedly worked in concert with two brothers who live in the Philippines and handled the solicitation aspects of the scheme while he funneled investor money out of the accounts to his brothers and himself.
The SEC alleges that Quigley opened three brokerage accounts to misappropriate investor funds, including a secret account at his then-employer Trident Partners Ltd. Although it was Quigley’s job as compliance director to open and properly route all incoming mail as well as to monitor all wires and report any suspicious transfers, the SEC said he abused his position to keep Trident Partners from learning about the secret account and its corresponding wires, and he stole commission checks to Trident Partners and deposited them in outside accounts he used in the scheme.
“We allege a classic situation of the fox guarding the henhouse as William Quigley subverted his position of trust as compliance director and stole money from investors and his own firm,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.
The matter will be scheduled for a public hearing before an administrative law judge for proceedings to adjudicate the Enforcement Division’s allegations and determine what, if any, remedial actions are appropriate.
Article taken from NAPA Net - http://www.napa-net.org
URL to article: http://www.napa-net.org/news/managing-a-practice/fox-raids-henhouse-sec-charges-compliance-director-with-fraud/
Don't these fucking idiots realize that an ounce of Pot will bring in more money then dumping a million shares of their garbage paper....
They all read from the same business plan manual.
It's fucking incredible.
What we need some MDCN results....We closed on AZ would be a start....
Not so much BCIT as it is the relentless efforts of Carlton Huxley....
Very anxious to see if they produce results......
Doc, I think the answer is clear.....
IMO all penny stocks are the same,
Extremely risky, never pan out to be anything more then an ATM machine for the issuer.......
Bingo, last year they had 47 million to invest in purchases......
Are they using that money now?
Where did it go?
Why do they need to dilute through convertibles.?
you just described about every penny stock....
been investing in options for a while now but never held thru an R/S. fortunately it was only a 165 dollar mistake.
won't make it again that is for sure...
Bought Puts day before split $5 strike... Scottrade still has not adjusted my position for the split in terms of strike price.
So for a 1:5 R/S should have my out strike at $25 .......not so
for reverse splits they just adjust the amount of shares per contract and leave the strike the same.....wow my ass hurts......
Wake up, they have no real revs, raped their market cap, Reverse splits and they are not going to stop until they have all of your money.
Business ethics and morality is thrown out the window......
Remember O'bammy's first term when he was giving a speech about the state of the economy...the Market tanked 750 points during his speech.....that's what we need.
Need a catalyst to turn this puppy around.....
It is doing what it is designed to do.....decay......
I remember I was in it when Russia invaded Crimea.....
Made a ton.....we need something to happen to send longs running for the hills
more bag holders made here every day.
Apparently the SEC gets bunched panties when some PR firm gets a fake PR regarding a takeover sending AVON to ATH release into the Edgar system but it is OK to get fake certificates into the DTC.
They seem to look the other way with that one.
Scottrade platform shows ZERO volume.
This market is insane.......
Fundamentals of this company are horrible by choice. This board handled the PPS pop to $$$ land and the 52 million dollar injection like my 10 year old does with his allowance........Gone....and nothing to show for it....
At this time last year they had the resources to buy property and invest/merge/acquire other companies without this toxic financing they have going on now.
IMO convertibles = dilution.....
This board is either severely lacking in business sense or a group of clever thieves......you decide....ignore the shills and touts that are all over MDCN.
If you have the stomach or the cash in your account.....
write ITM Calls against them 3 months from expiration.....
Guarranteed money maker.
No worries,
UVXY takes a catalyst to move...
Today disappointing retail sales report
Tomorrow Jobless Claims, Balance Sheet and more.
We should move up after hours or near close.....JMHO
You mean worst then the last penny POS you bought.
They are all the same, in the business of selling paper.
Same MO time and time again.
If EVERY investor experienced this and learned a lesson then these white collar criminal thieves and their band of paid shills would have to revert to an honest living if they know what that is.
If it is the in-expense of the investment then learn how to trade options. You can control a $50 PPS underlying for a few hundred bucks.
Looking at the daily chart of GDM, GLD, and GDX, all canldes are green and at the top of the Bollie which is inside the Keltner suggesting a squueze. Each time the 4 month daily GDM, GLD and GDX green candle hit this point a reversal happened. I just loaded up....
Do what you want but this is my reasoning.
reloaded at 9:60
I thought 11 would have been a good exit strategy. I came close at 10.82 premarket. Jumped back in on a gut feeling for a much smaller position at $10.42. Hoping as I stated in my last post of a correction. Weazle is right tho as 50 MA have a ways to go then head further south towards 100 MA before confirmation.
A Gut feeling is never a good investment strategy which is why I took a much much smaller position. Have to see what happens by Friday.
GLTA.....
Took profits this morning pre-market.
Back in at 10.40 for another ride I hope. IMO this is the start of a correction.....one can hope.
That's my point....Selective DD here...
Wishful thinking investment styles....
57 Million....
Even the lawyers got screwed.
Consulting fees far exceeded legal fees.
How can something that a has no revenues be "Under Valued"?
If this reasoning is true then the fund raising car wash I went to Saturday must be worth trillions...
R/S is necessary with UVXY...Due to the continued moves in the futures markets. Growth is expected and this causes a decay in the inverse UVXY at an accelerated rate as it is a x3 inverse.
W/O an annual R/S this would be a penny ETF........lol
splits actually have the a good effect with this so it is not "bad news"
Each ETF has a built in decay so holding any of them long is a losing investment.
I will usually buy after hours and hold till next day or longer but only for a few days at a time..
MDCN should have a ton of cash....but they don't just read the last 10Q.
Raw and Del...
Do you ever look at VIX ETF's?
This is my investment style as well.
I watch 3 ETFs religiously.
NUGT, JDST and UVXY.....
I may buy options or underlying only. Sometimes I hedge as well with covered calls or puts.......I do have some TWTR calls tho.
Who needs a screener anyways....too risky.
Do we close this high today????
I bought June calls and am feeling pretty good right now....
tob999.... Not saying there isn't money to be made here....
But call it what it is......it's an ATM for item number 4.....
Whether you are short or long or like me sitting on the sidelines just be careful.
Just doing my part to quell all the shillery around here.
4 reasons not to load the boat
1) PPS is under the .05 and they just had an R/S. In pennyland known as toxic
2) 8K describing TWTN Branding revs of a million....Where in any business is it beneficial to spend 47 million to gain a million in Revs
3) MMJ grow facility has been in the works in one place or another for just about a year and this BOD has been unable or unwilling to complete a deal.
4)BOD is impressive...they seem to be a lot smarter then most people on this board.
I think what investors here are expecting is a small correction in the markets.
The sell in May and go away did not work last year as I bought June puts and made out very well. This year the timing is right for a small correction......IMO of course...