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I'm not whining. I'm also not giving people false hope, but fine I will back off. Sell my shares for me, I'm done here. Pump it up bro
MMEG has double the A/S TGGI has. They also got rid of their debt, MMEG still has a ton of notes which are due in November.
I can respect that, well said. Good luck to you and any other longs invested here and holding. I have shares and will hold my unrealized losses, no need to sell right now at a loss. Stranger things have happened.
Personally, I'm out the first chance I get. I have 0 faith in this company, the CEO or "Vert Capital" backing it. All you have to do is take a look at SPCL and PKGM to see how they manage their clients.
I think word is out and it will be very difficult for MMEG/Vert to sell shares at this point.
I have learned a lot in a short amount of time following this stock so at least I can walk away with that.
After the A/S increase to 15B, do you still have hope? Honestly? I would love to hear your insight.
Looks like anything Adam Levin/Vert is a terrible play. Lesson learned, we basically paid the 70m for High Times MAGAZINE. What demographic reads magazines anymore? The internet basically killed paper print.
L2 looks ugly. No tweet from our IR guy (Tom Nelson) this morning either, looks like these are some heavy bags.
I feel bad for anyone that had serious money in this, honestly.
He won't be selling anymore shares via twitter anymore, that's for sure. Whether he filed it with the SEC or not, people know.
And how much did the PPS move? Does that not seem strange, all of those shares and the stock didn't move up a single tick. Does that mean it will take 3 billion in share volume for this to hit .0003?
700,000,000 shares @ .0002 on the ask is $140,000. This company is teetering on the edge of bankrupt. What makes you think they can even buy the 0002s out, much less a "run"?
They have increased the A/S by ANOTHER 5B, that means the 5b A/S they just got 3 weeks ago is already cooked and accounted for. Which ALSO means they increased the O/S by 5 billion shares.
Estimated O/S: 7.9B
That means the float is 7.9b, this isn't moving easy. There are A LOT of shares in circulation.
I used to have hope for a pump and dump, but I think a lot of people have been burnt on this stock. Their not coming back for more.
Wonder if the A/S increase is what Tom Nelson was tweeting about? Maybe MMEG decided not to let shareholders know.
I honestly don't care about technical indicators in the OTC market.
It is not out of date, the A/S is now 15 BILLION. That a long with the fact that we are at no bid either spells R/S or it will sit at no bid for awhile.
It IS up to date, it's even listed ABOVE the increase to 10B
https://imgur.com/xpGkTcb
it's a .gov website man... the information is accurate. This is definitely not what we wanted to see, but to try to play it off as incorrect is just... incorrect.
Wow, good find! Not what I wanted to see at all but at least it sheds some light on the last few weeks. Basically these big volume days have literally been printing money for the company. I know that's a term for "bashers" but if you think about it, they're literally creating money out of thin air while devaluing current share holders shares.
Yeah and 1s being sold delays a run exponentially because now anyone that bought @ .0001 is going to stack the ask @ .0002 to make 100%. I can't blame them, I would do the exact same.
Hence the ask is now @ 700m
10m, 72m, 50m, 28m, 90m - All @ .0001 - Probably note conversions, which will add to the O/S.
Edit: another 50m block sale @.0001 just went off
That or it could be shareholders with a lot of shares taking a 50% loss and exiting their position.
Big blocks still moving @ .0001. Looks like dilution is far from over, we will probably be in this 0001-0002 channel for another week at minimum. Really needs news from the company about the dilution being over or something better than a mere fluff PR.
Only 45m left on the bid @.0001
I'm expecting more Form Ts this afternoon.
A lot of eyes on this stock tomorrow. If .0002s are broke through it may breakout BIG
We think it's around 6.6b right now. If we spent the last 2 weeks converting 311,000$ of notes. There are also another $180,000 in notes that will mature/start converting in November.
Ok so lets get rid of speculation and talk facts for a little bit. We are currently trading in the .0001 - .0002 channel. According to the latest SEC filings more notes are coming. We are slowly running out of time so this needs to move north soon or we will be here even longer soaking up the extra 5B in shares from the A/S.
Assuming these last few weeks have been spent paying off the $311,000, we still have more to mature coming soon.
Total $ amount due in 3 months: $181,000
Share cost converted @ .0001 : 1,810,000,000
I'm not going anywhere, I will pass these shares down to my grandkids if need be. I'm just waiting on a pump to dump like everyone else here.
Who's going to buy all these 2s, they need to hurry up and get to buying! Thought there was a whale team coming in to move this up, where yall at?
That's reassuring when I go check out pocketgames that you are comparing MMEG to, and it's been at no bid since mid-June. Is this what happens with your baby vert plays? Maybe you are a part of vert
Edit: Just checked, yep you have 700+ posts on PKG* and it's a no bidder for 3 months... very reassuring
My guess AND hope is they cancelled the horrible 3m loan earlier this week and are finishing converting the rest of the notes ($311,000 worth according to last 10Q). MAYBE once the notes are converted they will pump it again and we can see the PPS go up enough to get out.
This seems like a long shot considering what the float will be now after the conversion. It will take a lot to move it.
I'm chalking up MMEG as a learning experience, the price of a college course. I'm not in too deep but I bought before the additional 5b A/S were added and averaged down enough to maybe get out even if it runs a small ammount? So yeah I'm not getting paid to bash or promote, just giving my opinion on the day to day.
Hard to spin no bid as a positive, amazed people are still trying. If they don't do a R/S and pump it one more time for a small run those of us that aren't long can maybe get out with a few scratches and move on to something else.
Hard to believe a social media site will prosper long term in Germany when even Instagram only owns about 1% of their users and facebook dominating the rest of the pie.
If you roughly add the form T trades that came EOD over the last few weeks, we think it's close to 6.6b. Really no true way to tell because the company isn't responding to emails requesting O/S and the TA is gagged.
“It's easier to fool people than to convince them that they have been fooled.” - Mark Twain
I'm sure our belated news will be information about the the R/S
Total sell volume for today (570,000,000 not counting EOD Form T trade) @ .0001 is only $57,000.
https://ih.advfn.com/stock-market/USOTC/momentous-entertainment-group-MMEG/trades
Best screenshot in the house
If the notes are done, that is amazing news. I hope you guys are right.
I just think it's funny the CEO came out and gave a supply and demand analogy about his own stock while it's sitting literally at the bottom of the bottom market... the balls on this guy.
He's selling shares converting notes not giving af at all while basically mocking his current shareholders.
Don't believe me? That's fine, but I've watched L2 on this ticker for 3 weeks now. I've watched the slow decline of the PPS allll the way from the day the A/S was increased to 10b down to 0004. Then alllll the way back down to where we are now.
If you want my honest opinion, I think the game the MMs have been playing is putting fake bids on the ask (let me explain). The ask would only show 3-10m @ .0002s - those would clear, ask would hit 0003 for about an hour. They would drop it back down, put 3-10m back @ 2s and those would sell.
They were gaming the ask to get people to "slap" it because it was the only times share would sell. When they put 100+m on the ask @ 2 noone bought. Thin the ask back down, sell some 2s and then add more 2s. Rinse and repeat all last week while we were excitedly watching expecting PPS to go up but it never did.
This week, ask slapping has almost halted because there's been 200+m on the ask - game over.
I started to put in an order for 0001s this morning. So glad I didn't.
If that's correct, our O/S count should be at or around: 6,649,355,295
Can't wait for the next filing to see the exact numbers. If we could get confirmation that there will be no R/S that would help big league.
Last 10Q:
Common stock: $0.001 par value; 5,000,000,000 shares authorized; 1,128,433,976 and 520,921,319 shares issued and outstanding
Billion, not million :(
Just after the quick run up to the .001 - .0012 range.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=12240633-3693-3958&type=sect&TabIndex=2&companyid=929950&ppu=%252fdefault.aspx%253fcik%253d1602381
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
MEG amended its Articles of Incorporation to increase its authorized shares of common stock to 9,950,000,000 shares from 4,950,000,000 shares.
Do we have any official announcement from management that a R/S is not happening?
With the sequence of events, the O/S has to be climbing.
1.) Increased A/S to 10,000,000,000
2.) Started converting notes (I'm assuming this happens through EOD Form T
trades)
3.) PPS brought down from .001 -> .0001 from dilution/conversion of notes
I wish they would release the O/S. With all of the notes converting within this channel, it is probably astronomical by now. If the O/S is big, it will take longer to move the PPS.
Does anyone have a running count of shares sold via Form T trades? That will probably give us a close estimate of the current O/S.
Dude... just stop. There is no shortage of shares, one glance at that 700m ask on the L2 answers that.
Like Kurt said, it's a game of supply and demand. Seeing as how we are literally at the bottom of any and all form of a market, there is no demand at all for a piece of his wonderful company he's built here.
Big ol' heavy bag's for the winter.
Guess there goes the MM covering shorts narrative. 1s been going to retail the whole time. Probably why the ask is stacked at almost a billion now. Flippers go'n flip
WOW almost 1b shares dumped by lunch... wtf is going on here. This can't be good, how can people spin this as a positive?
If things are REALLY looking good for the future the PPS would reflect that... Stocks usually go up when things look good and down when things look bad.