Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
may 15th was when they were due. Kinda like this one august 15th. If they post something in the next few days i would be surprise but im banking on them to do the same. They seem to not care for shareholders in my opinion. Just the money we are financing them.
Just dont expect them to file normally or on time. The last time they filed it was well over due so dont be surprised if they file late again.
I also need to know why they didn't file or showed they filed for 600 million more share without notifying the investors. I do believe they are supposed to do that. If they did without the knowledge of the investors then isn't that illegal to do?
I would like to see an updated share structure just to see if anything has changed.
No you have to consider that these people are like a middleman type of company and the only products they really do carry is Medical MJ. A middleman takes orders from companies and buys the product from a direct dealer and resales it at maybe 5% or 10% more to the company that needs it. More or less they are a wholesale company that just drop ships. So 5 million of sales at 5% or 10% profit is not a whole bunch. Think about it they only have 5 employees and no inventory.
I think if they get there financials audited with no issues then the credibility will be there and some major players would step into this stock.
Here is a good article i happen to see this morning
http://news.yahoo.com/marijuanas-march-toward-mainstream-confounds-feds-123441112.html
I dont know but you know they have since may 17th the OS was 356m and now its 382m. According if the TA agent was correct and the person that posted that was correct. Thats 26m more shares added . The A/S is 400m and 200m KCN has in restricted shares which some of that might be slowly coming out as well since its been close to 6 months. Thats why i want an updated share structure on this again so that i can see where this is going. I think its going to stay here for a while cause it seems to not want to fall below .0055.
Yea it sucks but if it shows in the fins then there is no way this thing can stay this low. Unless they plan to dilute which we can stay at this level.
Thats pretty much where the volume came from so im sure its someone getting out.
I believe there is still dilution involved in this thats why. Thats why i asked for anyone to get a current share structure.
This stock has burned alot of people but i think if the fins show a bigger increase in revs then people who have stayed and added will get rewarded. Thats if there isnt any dilution or someone keeping it down. Can someone check the share structure again from a TA
They post news last week just ihub failure to pst it since they are negotiating contracts with accesswire. If they would have done an extension until negotiations was over then it would have posted. Failure goes to ihub because this hurt other stocks as well.
If the shipments are true and the revenue comes in as stated then we will see this go up. For now we are waiting for fins. Hopefully they are on time.
This goes with the car thing so that you know what GTG is or was.
About Mekonza Corp. (Mekonza-corp.com)
Headquartered in Southern California since 2006, Global Trading Group (GTG) started out as a luxury/exotic car exporter and eventually branched out into seafood importing which came about Mekonza Seafood. The variety of seafood products we offer has allowed us to be an innovator in product development. The diversity of our products allows us to be the next force-to-be-reckon-with in the seafood industry. Mekonza has grown from a small one-man operation to one of the West Coast's most innovative and well-equipped seafood importing and processing companies. With outstanding customer service as our secret sauce and key ingredient, we're on our way to be the industry's leader committed to achieve the highest possible standards in quality, service to our clients, suppliers and investors.
Looks like another slow day. If we can get to the .007 or .008 range this week without anyone trying to keep the stock low then it might have a chance to get close to pennies again. All we need is buyers.
What should have happened is have an extension of the contract while negotiating the new contract. Thats something they should have done so that service was not down. Also they should let people know that through email so we dont have to find out why later on. Like anything companies need to do things better.
This is on google finance all the time and its an evaluation of certain stocks and really shouldn't be considered. I have seen those before and I wouldn't go by them at all. What you need to go by is press releases and very high regarded sites that have full blown articles of the company. Just letting you know.
News is everywhere but IHUB haha thats funny. Looks like IHUB needs to get more sources so that they don't hurt stocks when news come out lol. Lots of people rely on them to post news up and they failed on this one today.
I kinda figured since ihub didnt show news and that really no one else knows about this company that we would be stuck at these levels still today. I like the revs this company posted last quarter and i cant wait to see the next fins. Like some investors this stock is very cheap but i also see why this stock is this cheap because i have watched this stock for a long time. In may 17 outstanding shares was 356,918,840 and just yesterday confirmed to be 382,918,840. Thats 26 million shares in a month period. Also i am thinking the OS might hit close to the 400 million shares, which adds 17 million more shares. Which is the max the company can have out. Now what those shares do to the float i dont know but Thats why i am thinking this is been so low and we have seen such big blocks being bought over the past week. This is being diluted over time to keep the price at this level which if you look has been bouncing between .0055 and .007 for over the last month. We need to keep an eye on the Share structure from the TA to confirm this because once those shares are out and no more can be pushed out, then this thing can finally move north without issues. Im betting on this to happen close to the next fins.
I also think i hub is slow in picking up news on this stock. The reports for fins was out a day before it posted it as news.
Its also in other places as well. Its odd that ihub hasnt picked it up. Although i think ihub has a few sources that it generally allows as news so that could be why. Its great news,if true, but could be a chance for some to get cheap shares before everyone gets there eyes on it.
Here is the link where i found the article. I had to look at google finance to find this.
http://www.4-traders.com/news/Latteno-s-Wholly-Owned-Subsidiary-Mekonza-Corp-Receives-66-Containers-Purchase-Order-from-Cadovimex--17033394/
Great news but needs to be publicize more because the only place I saw this on was google finance. Needs to be posted on other sources as well to get a better following. More eyes means a bigger gap with 900,000 in shorts as well. Plus it is not showing as news on ihub yet. Once that happens then we can expect to see people take an interest.
Well there has been a small change because we did have 356,918,840 in may 17 and now we have 382,918,840 in the issue and outstanding. Which means 26 million shares has been added since then. Probably why we have been seeing days of accumulation and nothing to show for it. Im sure once theses shares run out though this thing will move up again but that explains where the shares might be coming from.
Looks like .006 is the mark for anyone going to any shares. Seems like there is someone selling there shares around that mark.
I dont think its going to get lower. I have seen this with this stock before. It went through a slow time and then 2 or three days high volume then it gets back in the .007 ranges sits and repeats back down to .0055. Once it hits .0055 it doesnt sit long and goes back to the .006 to .007 range. It has to be something. I can see someone just dumping there shares but not that much in a two day period. Specially when the stock is slow and nothing is causing it to crash.
This cant be shorters since the short report only had 60,000 shares of short volume. The volume we are getting is odd because we have had really low volume for several days and then bang two days of high volume. Im thinking either dilution or some kinda news is on its way and insiders are loading. Can anyone get a a hold of a someone to verify the share structure just incase.
Need a share structure update to see if that's what it is but I don't think it is since if it was dilution it would have gone down below .005 and not have a green day. Also not much action in the days before so if low volume happens the next few days then just someone got shares and someone got out.
Short report says 60,000 shares shorted so over 6 million shares was accumulation. Someone got some shares today :).
Yea maybe but there have been some big blocks on the bid for a while and never got hit until today. Im sure there might be some news coming, but whoever loaded up got a lot of shares. Once i see the short report on this i can get a better picture.
There has been some big blocks being sold. Something has to be up because low volume the past few days and then this day we have a jump in volume for no reason.
I think in august is the next fins. I think it wont get any lower than .006, but who knows depends on if we get any PR or not. Other than that i just looked at the L2 and someone got a lot of shares.
That's good to know. I'm like you I'm in till I see the next fins
Yea and might be a good thing. I think if they stay silent then we will stay here with a few ups and downs. Might just have to wait till next quarter report to get the big jump if they report a something great.
Needs some PR this week or we will be sitting in this range for a while
I would rather see more blogs, post, and links about this (In a good way), than sit here and not see anyone doing anything. Friday there was nothing and someone posted a blog from seeking alpha and it jumped green cause of it. Did the blog or article mean anything "NO" but as long as people see that other people are looking and holding this then they might do the same. I call it insurance on the potential this has. Also not every investor reads this board. It has to show up in other areas as well to get eyes on it.
Here is the link i found
http://finance.yahoo.com/news/otcbbjournal-issuing-four-micro-cap-123000753.html
He has been on here before and says things that are not really true. There is no way that the stock can have a billion shares added without the company authorizing them and us not knowing about it. The most this company can have is 400 million. The only issue i see with this stock is the 200 million restricted shares kcn has. They got them on jan. 24th according to report so 6 month to a yr depending on the agreement those shares will come available to be sold. Although im sure that this thing will have one last big run before those shares hit market. It has a shot to be a great stock to hold if the reports like the last one keep coming. Only time will tell. The next report if on time will have everything that we need to know about the MJ market they bought. Also with seeking alpha saying good stuff then it might have a shot.