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Wow, blast from the past. Good to see you still here. Many of us have been waiting a long time for what is going to start soon. Not much longer now.
Sorry to interrupt all the caps lock and exclamation points. But could someone please put aside the defensive responses and explain to me why/how this is such amazing news? I'm a shareholder and am honestly asking. They're a gaming company now?
It's mining. There are going to be issues starting up. But, yeah, we're going to turn that corner and the people who stayed patient will be rewarded soon enough.
Going to need to buy through this big wall of shares first.
Posts from people here every day this week saying it would go up every day. They were wrong about that. It dropped 50%. That's a fact. No point being made beyond that. Couldn't care less how anyone spins that or if anyone takes it personally. Just facts, not negativity.
What is the argument? Yes, it ran. Yes, it pulled back. And yes you were wrong every day this week. All are correct.
"It's ready to move back up now."
(3rd straight day of saying that as it has proceeded to drop 50%)
Going to depend on what is coming out of the ground. It hit 24 cents on the hope of what is actually about to happen here (gold coming out of the ground and the start of profits). Then keep in mind the plan is to have the other property producing gold in 2018. So I'm just talking near future. Within a year, I'm expecting a significantly higher PPS than .24.
One of the most annoying things on Ihub is when there are opposite opinions going at it and then when someone turns out to be right...the other side disappears. Since very few others are saying it, I will. You guys that called this going to zero were totally right.
I made money flipping RVUE but loaded up huge in the last 2 weeks thinking this would be the play of the year. Painful lesson learned. Should have never given a penny stock credit for being something different or special.
Crazy it has been doing this almost completely under the radar. Getting a little attention now so if it can blow through a nickel, it's going to hit a dime in a hurry.
Untrue. It will not close above 70 cents today. One day...
My prediction:
Load up in the next week or two. It's about to happen and you're not going to see any prices this low at Halloween, Thanksgiving, Christmas, or any other major holiday going forward. I'll be referring to this post in the near future.
Added today. This one is due for a pop soon.
Correct.
Saying "no other companies do this" was wildly inaccurate.
Anyone who has spent any amount of time on the OTC knows that countless companies have done much, MUCH worse. Dilution isn't ideal but there's a reason this company is a penny stock and not worth hundreds of dollars per share. Companies at this position in their lifespan aren't made of money. But that doesn't mean they're all crooked or inept. The killer is actually toxic debt.
As far as dilution goes, it's going to be just fine if there's an end to it. Claiming the current situation is going to continue forever into the future means that you are somehow able to know the future. And if that's the case, there's no reason to waste time writing on message boards.
In summary:
-No, dilution is not ideal.
-Yes, there needs to be an end to it at some point.
-Toxic debt is a killer.
-Don't listen to anyone who claims to know the future.
If you're being sarcastic (which I think you are) then this board isn't smart enough to understand that. The short-term question is where is the buying? One of the regulars here posted here that he'd buy a million shares if it ever reached a nickel again. Still waiting.
Very thin. A few more buys at the ask to hit a penny.
Thanks for sharing. I feel the same way as far as your final point. Easy for people to fall into message board drama, much harder to be patient.
I did get a stronger sense that there is no secret/negative giant shoe waiting to drop as some have suggested and that it’s a matter of “when” rather than “if” regarding longterm, profitable gold at Santa Elena. We should know pretty soon now.
Fundamentals typically involve making money. Because of the unique time in this company's history (being on the verge of doing that), the missed dates had a big impact.
Everyone who knows PT can vouch for his honesty, but he's anything but slick. The man is just not a natural salesman and investors (many of whom are ultra-emotional) sometimes require that.
So, yeah, overly optimistic dates being missed didn't help. He should have been more general about that, rather than giving specific timelines. And his personality type probably hasn't been much of a help as far as calming nerves. Finally, of course, the low volume and extremely thin trading didn't help. A couple of overaggressive traders certainly helped walk this down in the last 6 months.
Personally, I've had a handful of winners this year where the price kept going lower on low volume, people freaked out, and I was able to profit nicely from an upward march. But those were trades. For me, this is a different investment...one that I'm holding. At some point, gold is coming out of the ground. I know you don't like to hear excuses about mining, but this is how it often goes when a company tries to get rolling in this business. Delays are extremely common at this particular part of the timeline.
And I actually like that PT isn't saying much right now. I prefer when they're working hard and, when he has something to say, that he's correct with the dates given.
Whether some people are freaking out or not, many of us here believe in this company. We believe gold is coming out of the ground. I think that is the catalyst to get this stock price heading north again. I know what it took to get to this point and I'm not going to be one of the panicky, emotional types that get loud at times like this. I believe this company is going to do very well and we'll be seeing the rewards of that soon enough.
I was a day off, but thought it would dip below .02 one more time. I'll be loading there too.
You'll be able to load even lower tomorrow morning.
A couple of MXSG "traders" apparently just fell off the turnip truck and really need to learn basic Level 2 understanding.
Lesson 1: Only morons try to sell 400,000 shares when the entire daily volume isn't even that high. If you build a selling wall, you cost yourself money.
I have mixed feelings about that last point. But glad you're happy there. Nothing is as bad as Ihub, that's for sure.
I believe it dips under .02 tomorrow early. But it does look close to ready.
Very interesting Level 2 the last hour of the day.
He must be new to the OTC. That was definitely not a terrible pullback for a run that big and fast.
Untrue.
Jeez.
Are you buying at these levels?
Do you understand that this is a penny stock, not Microsoft or Amazon? There aren't those kinds of numbers being traded. What you're saying ("he might make 2-3m if he sold right now") makes no mathematical sense. It is also incredibly untrue. Look at the volume here and then think about what it would do to sell that number of shares.
About to drop under .02
You are correct again, sir. Almost everything written here is untrue.
June?
Dave, everything you said is absolutely correct.
This isn't an awful level of dilution at all to get the company to the point that they're in production and making money. The real thing that kills companies of this type and size is toxic debt. This is a much, much better option. As you said, these are the types of things a company this size has to do to get to the next level. There's a reason it's a penny stock right now rather than Amazon or Microsoft.
That being said, anyone who knows how to read daily trading can see the effect VNDM has had here since late last year.
Those with more stock experience than a typical Ihub user are well aware that VNDM selling big numbers of shares 10,000 at a time can be retail...but it's typically showing dilution from within when it comes to penny stocks.
A novice can try to Google VNDM and come up with their own conclusions, but the above sentence is a fact.
So the point is this. PT is doing the right thing. Toxic debt is a killer. But he's also responsible for the recent price drop. The reason we could withstand it before is because we had more buying volume. If he continues to dilute (even at this rate), we're going to need more buying. What it still comes down to is that we need more buying volume. That could come right now from faith in PT or it could come later with gold, results, and money. We'll see which one it is.
Agree. That dilution combined with the low volume of buying equals a drop from 20 cents to 6.
Obviously a great week here. Looking for a penny on Monday.
We've seen it before. When this thing moves, it moves fast. Very strong day. Penny on the way.
Some big blocks of buying today for the first time in a while. Would be great to see that continue.
It's thin. This morning showed that yet again. When we get some volume (and once VNDM runs out) we're ready to go.
DJ-
Sorry to see you go, man. Obviously we have different opinions on this stock/company but you always struck me as an honest person. Wish you all the best with your other investments. Actually just saw a big block go up for sale on Friday and wondered if that was you.
Others-
Most investors (particularly in penny stocks) would benefit from more knowledge/understanding of their investments and how they work. Those who've watched the trading here since December (and know what they're seeing) have watched the huge impact of VNDM who has been selling every day in 10,000-share blocks. In slang terms, VNDM has "walked down" the stock price. It's important to understand how that works with a thinly traded stock like this...
Just seeing if a stock closes red or green is often pointless in penny stocks. It's extremely common for people to paint the close in either direction. Looking deeper here, you'll see that VNDM kept putting up more shares for sale than the trading could handle. As VNDM kept lowering the price, it was "walked down" from December levels to the current situation. I always talk about buying at market price and not selling into the bid. You might not like it but this is why. It's very important to support a thinly traded stock if you're a long.
That said, it's not like the company is in worse position than it was in December when this message board was in full-on party mode. You can't equate the state of the company with its stock price in penny stocks. The stock price for MXSG is extremely volatile and we've seen it move quickly in both directions because of how thinly traded it is. The huge majority of the longs here are holding their shares tightly. They aren't "traders." Personally, I'm one of those who is holding tight. Mexus will be making real money for the first time in its history. Every past jump was in anticipation of what is actually about to happen now. So we will be seeing new highs. It's a matter of when, not if. Just my opinion, of course. But my opinion is an educated one.
So who is VNDM?
You can't just quickly google it and get that answer. VNDM can be retail (a trader who bought millions of shares under a penny) or it can also be dilution. You may disagree with this but it's true. The only indication was one poster here saying they knew who it was. Either way, at some point VNDM will stop selling. We all know stock prices go up and down and the more experienced investors keep their emotions in check. The thing is...whenever we're ready to move this back up, we need to start buying.
Of course not.
Interesting.