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At first I thought the news was merely confirmation of the sale of the shell which we all knew with 99% certainty was a done deal. But after reading the new again on yahoo
http://finance.yahoo.com/news/mina-mar-group-mmg-lead-183000340.html
Infinex Ventures, Inc. - SOLD - INFX
MONARC CORPORATION - SOLD - MONA
Resolve Staffing, Inc. - SOLD - RSFF
SENSOR SYSTEM SOLUTN - SOLD - SSYO
PTS Inc - SOLD - PTSH
THIRD MILLENNIUM IND - SOLD - TMLL
GLOBAL GENERAL TECH - SOLD - GLGT
Mergers Completed and all records updated on the above lot
It is interesting that Mina-Mar would go out of their way to state that the mergers were complete if they weren't. And we already know that MONA has been sold and changed to FLXP so there is obviously truth to back up this news.
I try to temper expectations, but I guess we are just waiting on FINRA and everything is a done deal. If that is the case I am willing to wait as long as needed for the golden news. Good luck to everyone, this may be the start of something big. silver big
It is all about doing your own DD and not being swayed by the trash on ihub. Flippers are ok but i don't like the attitude they have as i feel they are a self fulfilling prophecy.
If everyone flips stocks then yes, they are not good for long term holds becuase everyone is being a sheep and following the heard. Just like TA, TA is good but all it does it make people act therefore confirming what they saw. If no one cared if it fell through the 13SMA then it would not matter
These companies have been sold and deal closed. Well at least this is more confirmation that Turbine has bought the GLGT shell. It is a done deal, at this point it is just up to FINRA to approve
Beat me to it, thanks. Of course they don't trade under those names, they bought a shell to go public and whats one of the first things done, name change. I just don't get it do people really think we are that stupid
Yup, which is why i laugh when people say you can't hold long on the OTC. Sure flippings is quick profits, but with proper DD you can make so good money holding long.
No long may be 1 month, 6months, a year or multiple years all depends on which stock and what you are looking for. But please don't tell me that one cannot make money going long on a penny stock
The only problem with this thought, is that if everyone does it you compound the problem and create even more volatility. If everyone sells it crashes even harder and will be that much harder to build it back up. The more people hold for the long term the more the gains will hold.
Volatility is created by flippers. You can flip and make money here and there true, but i will hold till Q1'15 for favorable tax treatment and i think i will do ok
Very true, with the low volume they will only be able to do this for so long with limited shares available. As long as everyone holds tight they will have to move it north to increase liquidity
This is more an ecig/ejuice company than MJ. In the future might become more MJ but currently most of their money is in the ecig business. They are more of a target of a big tobacco buyout than anything
NITE has the wall of 490k on the ask at .0035 and have been the one selling into the bid. after NITE is ATDF with 399k at .0039
they are also on the bid for 180k at .0031
People stated this was promoted by multiple promoters so do not be surprised by the pullback. they sold and moved on
I think NITE is just doing their thing, trying to get as many shares as possible
If you also are as good as you claim you would not need to pay for twitter followers you would be able to have your own site like all the other big timers. If you are a millionaire why hang out with the peasants
you show your true colors, just a pumped up blowhard who think he is making it rain. You are nobody and if you claim to make a 100k a week then you have no business on ihub and that would put you in the 1% and those is the 1% do not waste time on ihub as they are better than that.
Well by doing so I've already made my annual salary for the year so to each their own. And yes annual gains, like what were your gains since 1/1/14? Todays gains mean nothing if they are lost tomorrow, it is all about what you have made for the year.
I am pushing on 6 figures, so you can say that your way is better but just because you have an inflated self ego does not make it so.
You only publicize your gains and never your losses, and flipping for pennies each day is no better or worse than holding for bigger gains. All about annual gains, daily gains/losses mean nothing, its what you did for the year.
Don't worry about pika he's busy pumping ntek and other flavor of the day twitter pumps to his paid for followers. Nothing but a front loading flipper.
Yes he is rehashing info we all know already, the claim of 50M shares leaved him suspect
Could happen tomorrow, next week, next month or next year. The company nor FINRA care about your personal investment timeline. With RM plays you need to be willing to loose it all for the chance at astronomical gains. So far we have concrete proof that Turbine Aviation is attempting a RM, whether it happens or not remains to be seen. But i have purchased my ticket just in case.
They are equally as misinformed, there is no timetable for a approval on a RM.
The number of days since the filing is irrelevant. Reverse mergers can take months and sometimes years. Until another amendment is filed with the Nevada SoS changing the directors and reverting the name the merger is still being worked on.
It is not a given but i am tired of people looking at the calendar counting the days when it does not matter one bit
looks like promoters sold out causing the fast crash.
Did not say that they were. Just that the 90 days is irrelevant until the RM is finalized. Once that is done, they have 90 days to complete an 8k
Because they are under no time limit to complete a RM, the time limit applies to the 8k filing that is required once the RM is approved. Why would someone prepare an 8k filing if the RM will fall through
over 3M on the ask, Not without significant buying pressure as not much on the bid
Does it really matter what it is. Could be host of things, Deferred tax asset, intangible hanging out waiting for finalization of purchase accounting or any number of other things
But who cares, what matters from the financials is:
$966k in revenues
$646k in Gross profit, margin of 67%
and would have been profitable if it were not for the acquisition
All this from a company that has been public for 3 months at the time and in operation for a little under a year.
At the end of the day the balance sheet is just a reflection of the income statement. the only difference being that the balance sheet is at the day in time and the income statement is for a period of time.
As will all other MM's and traders, Happy 4th everyone
Yea wish they would up their limit and bust through .004
Did my part for the week, slapped the ask cause i don't care about 10% i care about 1,000%.
Happy 4th everyone, if all can be patient and lock up the float we will be rewarded.
Did my part for the week, slapped the ask cause i don't care about 10% i care about 1,000%.
Happy 4th everyone, if all can be patient and lock up the float we will be rewarded.
FINRA must approve as they are a publicly traded entity
It doesnt matter, no impact on 8k filings with SEC, this is statement from NEvada SoS that has no impact on SEC/FINRA timetables. There are under no timetable to complete the meger. Once merger is finalized they will have 90 days to file 8k
They are not one in the same, That fileing is saying the name change documentation must be filed within 90 days after the certificate is filed. This has nothing to do with an 8k
Nevada SoS does not require 8k's or audited financials. That is a requirement of FINRA and SEC. The filing with Nevada has nothing to do with timeframes for FINRA and SEC
My understanding is that the 90 days is from the approval of the merger. Once the merger is approved you have 90 days to file 8k. To my knowledge the merger has not been confirmed so they are under no timetable to file.
Agreed at least Pika its upfront about his motives, others oink oink less so.
No worries, i just get the feeling that people bring it up often as a chance to bash. Apologies if you are a honest investor asking legitimate questions
This has been said numerous times. Vapor Group is a distributor and do not want to undercut their customers that websitre is not geared towards direct to consumer selling. If their prices were as low as the convience stores why would you ever buy from their stores.
I think this is very good news. All about perspective. Them having a presence in library's givees them a one up on DC/Marvel/Image books and will give them ability to charge more for advertising as they can state they have bigger sprawl then just your local comic shop. To me this is a no brainer, they should try and hook up with many stores, schools and other places that can stock a free comic book.
Once again the more eyeballs they can reach particularly outside of the core comic fans means their IP will get more recognition and they can charge more per ad. Can't you see Magika being sent to all schools and library;s and the impact that it might have on the popularity of a movie that could come out.
Your not selling till December yet are screaming .02s in July. Either your a very bad investor who doesn't even take their own advice or you loaded back up to flip and will be bashing on next red day
1B that is the A/S, market cap is based on O/S which for arguments sake lets says its 500M. At a $1 pps that would be $500M market cap, which is they make $25M a year thats only a revenue multiple of 20, not that far fetched.
Npt saying it will happen, but this SS as it stands it pretty good. this could be a reason that the company would not reverse split as they could do very well without it.
I use etrade pro l2 which has had some issues of late but pretty sure it is working properly today