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.
What amazes me though is that none of their scams were shut down as the court must have been provided with evidence that what people were saying is the truth. It just kills me that a Canadian court can quash my right to free speech as an American so that they can keep coning the public out of their hard earned money.
Where is the injunction baring them from lying, misleading, making false statements, and cheating the public out of their investments???
Hmmmm....I guess they can stiffle our freedom of speech....
http://www.m-i-n-a-m-a-r-g-r-o-u-p.net/support/index.php?_m=news&_a=viewnews&newsid=611
remove the dashes to go to site OR just read below
Oh...Oh...tell about the rabbits george...tell about the rabbits!!!
Then again in looking...
"Our GO800 revenue, which primarily consists of four months (start June 2010 for 1st billing), totals approximately $1.5 million. $1.3 million is deferred income for multi-year contracts and $200K is realized for the period."
As always... the voice of common sense and reason...and a very good question too.
Ok...thanks...nice to know. That certainly improves things a bit I would think lmao. Not alot as far as burn rate vs expences,assets and share structure but still workable provided revenue improves. Now a patent pertaining to the go800 service (not the cloud thingy) would IMO cinch this thing. Time will tell...Best of luck to all here.
Should they not be posting quarterly financials as well as year end financials?
I get it from reading the last financials that clearly stated "for the 9 months ending June 30 2010" http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=35350
and year end financials.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=41674
I only assumed that the next would be for the next 3 months of the year that stated year ending which is 3 months later. If I am wrong I apologize.
There are no quarterly financials that i see so I only assumed....
Now that is an honest summary of facts. No one takes happiness from seeing people lose their capital and putting them out of the game. Despite being able to afford it as as I have seen it posted more times than I care to admit "only invest what you can afford to lose". While it seems like sage advice...it puts them out of the game. Anyone that has ever taken a business course KNOWS that it is (((absolutely critical))) for a startup company to meet deadlines, goals, and stated objectives. The premise being that it is hard to come back from not doing that. But to miss ((((many))) is just about impossible. On the lighter side... not impossible. The audited financials that were promised would restore (some) faith even though they are later than the EOY. Not saying they would be great but it could restore some faith that GOIG does in fact have higher asperations of graduating from the pinks. That being said... I am a realist first. The convertable debentures compiled with the deferred earnings and ever bloated share structure (not to mention 2 million per quarter burn rate) coupled with the clear as mud business plan, PR's and typical pinky Minimoo/rhetoric/stringing does nothing to instill my personal confidence. As usual in typical Minimoo fashion and pinkdom...we must wait and hope... time will tell.
"the ones that post here are mostly negative" Because of the failure and lack of competence of the company. To make it sound like the people who have been bleeding to death in their investment accounts since inception and posting their dismay are somehow responsible for any decline in the share price is just not right. These folks for the most part are and have been the most solid and ardent supporters in the first degree. Their DD and active participation is unheard of in any other stock I have followed and goes above and beyond investors just supplying capital. To imply that folks here just should have just simply thrown MORE of their hard earned, sorely needed money (its a tough economy in case you haven't heard) at this to average down is cold and an affront to these exceptional investors and is insulting to ones intelligence. Pink sheets says that they have raised the A/S from 2.4 billion to 4.8 billion yet I have seen nothing on the Nevada S.O.S. site to corroborate that claim. Good thing they didn't average down because there may now be DOUBLE the shares out there to undercut their investments. To just show up with no facts and alot of supposition and conjecture and then to tell folks here they must just be uninformed and not in the know is cold.
Yea...lots of money lost to folks here...very sad...slimy and just plain wrong...
Surely the powers that be wouldn't let that happen...oh wait...apparently they didn't.
What? LOL...newbies...ya gotta love em. I did not claim to have emailed them and then refuse to back it up hiding behind some b.s. "privacy clause" as many who follow my rants know "I" would have posted those communications (emails) knowing I am not bound (public knowledge and insider info conflict and all that fancy stuff).
P.S. I own millions and millions..
LMAO ...what a crock and totally disproves in of itself any working relationship with twitter especially your J/V poo poo.
Quote:
--------------------------------------------------------------------------------
GoIP Global, Inc. (PINKSHEETS: GOIG) announced today that its premier service, GO800, continues with intense preparations to launch a monumental new platform with Twitter in late January. As discussed in the recent 30-minute teleconference with CEO Ike Sutton, and first mentioned in the November 29th PR, all Twitter users will have 90 days to register their Twitter name on GO800's platform as a Voice Keyword. Twitter users registering during these 90 days will have first rights to their Twitter name and 100 free monthly minutes.
First rights??? I already HAVE my twitter name and doubt there is any and if's or but's about that. Implying that after 90 days someone else can use/get my twitter name and use it on the go800 whatever because I did not claim it just proves it has nothing to do with twitter other than being a tweeter.
Here is some-more numbers .
Let's say Goig has phenomenal growth this year of say 100% quarter over quarter and the burn rate stays the same. Q1: $196,000 x 2 = $392,000 in revenues. $2 million debt + $2 million = 4 mill in debt. Q2: $392,000 x 2 = $784,000 in revenue. $4 million debt + $2 million debt = $6 million debt. Q4: $784,000 x 2 = $1,468,000 in revenues. $6 million debt plus $2 million debt = $8 million debt.
You can see where this is going right?
How is that for perspective?
More info and statistics...
Texting Statistics: Did you know?
(Statistics provided by the Canadian Wireless Telecommunications
Association)
- In September 2009, Canadians sent approximately 100 million text
messages per day.
- In total, Canadians sent 3 billion text messages in September 2009.
- For the first nine months of the year, a total of 24.7 billion text
messages were sent (from January 2009 to September 2009).
- This is up significantly from the previous year, when a total of 20.8
billion text messages were sent in 2008.
- Text message volumes have been doubling every year since text
messaging was introduced in 2002.
Let's look at the U.S. Market (it's even broken down into age demographics)
The typical U.S. mobile subscriber sends and receives more SMS text messages than telephone calls, according to research released Monday by Nielsen Mobile.
During the second quarter of 2008, a typical U.S. mobile subscriber placed or received 204 phone calls each month. In comparison, the average mobile customer sent or received 357 text messages per month — a 450% increase over the number of text messages circulated monthly during the same period in 2006.
Time Period Average Number of
Monthly Calls* Average Number of
Monthly Text Messages*
Qtr 1, 2006 198 65
Qtr 2, 2006 216 79
Qtr 3, 2006 221 85
Qtr 4, 2006 213 108
Qtr 1, 2007 208 129
Qtr 2, 2007 228 172
Qtr 3, 2007 226 193
Qtr 4, 2007 213 218
Qtr 1, 2008 207 288
Qtr 2, 2008 204 357
Source: The Nielsen Company (January 1, 2006 to June 30, 2008)
*Note: Data includes U.S. wireless subscribers only.
U.S. teens (ages 13 to 17) had the highest levels of text messaging in Q2 2008, sending and receiving an average of 1,742 text messages per month. In comparison, teens took part in an average of 231 mobile phone calls per month, during the same time period.
Age Group Average Number of
Monthly Calls* Average Number of
Monthly Text Messages*
All Subscribers 204 357
Ages 12 & Under 137 428
Ages 13-17 231 1,742
Ages 18-24 265 790
Ages 25-34 239 331
Ages 35-44 223 236
Ages 45-54 193 128
Ages 55-64 145 38
Ages 65+ 99 14
Source: The Nielsen Company (January 1, 2006 to June 30, 2008)
*Note: Data includes U.S. wireless subscribers only.
My point is...despite all of this ...GOIG lost over 2 million for the quarter and showed $196,000 in revenue. That just about says it all.
Read...
(g) RESERVATION OF STOCK ISSUABLE UPON CONVERSION. The Corporation shall at all times
reserve and keep available out of its authorized but unissued shares of common stock, solely for the
purpose of effecting the conversion of the shares of the Series A Preferred, such number of its shares of
common stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of
the Series A Preferred; and if at any time the number of authorized but unissued shares of common stock
shall not be sufficient to effect the conversion of all then outstanding shares of the Series A Preferred, the
Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase
its authorized but unissued shares of common stock to such number of shares as shall be sufficient for such
purpose, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval
of any necessary amendment to this Certificate.
(f) RESERVATION OF STOCK ISSUABLE UPON CONVERSION. The Corporation shall at all times
reserve and keep available out of its authorized but unissued shares of common stock, solely for the
purpose of effecting the conversion of the shares of the Series B Preferred, such number of its shares of
common stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of
the Series B Preferred; and if at any time the number of authorized but unissued shares of common stock
shall not be sufficient to effect the conversion of all then outstanding shares of the Series B Preferred, the
Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase
its authorized but unissued shares of common stock to such number of shares as shall be sufficient for such
purpose, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval
of any necessary amendment to this Certificate
(g) RESERVATION OF STOCK ISSUABLE UPON CONVERSION. The Corporation shall at all times
reserve and keep available out of its authorized but unissued shares of common stock, solely for the
purpose of effecting the conversion of the shares of the Series C Preferred, such number of its shares of
common stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of
the Series C Preferred; and if at any time the number of authorized but unissued shares of common stock
shall not be sufficient to effect the conversion of all then outstanding shares of the Series C Preferred, the
Corporation will take such corporate action as may, in the opinion of its counsel, be necessary to increase
its authorized but unissued shares of common stock to such number of shares as shall be sufficient for such
purpose, including, without limitation, engaging in best efforts to obtain the requisite stockholder approval
of any necessary amendment to this Certificate.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=29634
They have 1.98 billion outstanding and must raise the authorized just to be in compliance of their articls of incorporation of keeping in reserve enough common stock in order to accomodate the possible conversion of their preferred AND (AND) cover the Addon exchange deal. So what....6 months from now we go to what....9.88 billion??? What...no big deal there either?
Of course....I believe that they have 2.4 billion shares to dump to keep the lights on and pay checks coming in on for the next few quarters.
What...you mean the part where it says that if there happens to be a restructuring that their shares will not be affected? That part?
Class A: preferreds
(e) REORGANIZATIONS. If at any time or from time to time after the date of this Certificate, there is a
capital reorganization of the common stock (reverse split, forward split, etc.), as a part of such capital
reorganization, provision shall be made so that the holders of the Series A Preferred shall thereafter be
entitled to receive upon conversion of the Series A Preferred the same number of shares of common stock
to which that holder would have been entitled prior to such capital reorganization. In essence, the number
of Series A Preferred Stock authorized, issued and outstanding, and the number of shares of common stock
into which such Series A Preferred is convertible, shall not be affected by any such capital reorganization.
Class B: preferreds
(d) ADJUSTMENTS FOR RECLASSIFICATION AND REORGANIZATION. MERGERS,
CONSOLIDATIONS or SALES OF ASSETS. If the common stock issuable upon conversion of the Series
B Preferred shall be changed into the same or different number of shares of any other class or classes of
stock, whether by capital reorganization. reclassification or otherwise, the conversion rate shall.
concurrently with the effectiveness of such reoraanization or reclassification. be proportionately adjusted so
that the Series B Preferred shall be convertible into, in lieu of the number of shares of common stock which
the holders would otherwise have been entitled to receive, a number of shares of such other class or classes
of stock equivalent to the number of shares of common stock that would have been subject to receipt by the
holders upon conversion of the Series B Preferred immediately before that change.
Class C: preferred
(e) REORGANIZATIONS. If at any time or from time to time after the date of this Certificate, there is a
capital reorganization of the common stock (reverse split, forward split. etc.). as a part of such capital
reorganization, provision shall be made so that the holders of the Series C Preferred shall thereafter be
entitled to receive upon conversion of the Series C Preferred the same number of shares of common stock
to which that holder would have been entitled prior to such capital reorganization. In essence, the number
of Series C Preferred Stock authorized, issued and outstanding, and the number of shares of common stock
into which such Series C Preferred is convertible, shall not be affected by any such capital reorganization.
(f) NO IMPAIRMENT. The Corporation will not, by amendment of its Certificate of Incorporation or
through any reorganization. transfer of assets, consolidation, merger, dissolution, issue or sale of securities
or any other voluntary action. avoid or seek to avoid the observance or performance of any of the terms to
7
be observed or performed hereunder by the Corporation, but will at all times in good faith assist in the
carrying out all the provisions of this Certificate and in the taking of all such action as may be necessary or
appropriate in order to protect the conversion rights of the holders of the Series C Preferred against
impairment
Again...all pipe dreams and a heck of allot of speculation and could be's or what if's. We have no money for advertising nor do we have shares to dilute without raising the A/S again to dilute AGAIN. Throwing things at the wall to see what sticks is not a business plan. I will say it again...without a patent all of this is moot.
The what if's are great sure. But let's shift it to say hot dogs, just for an example...
Just because the market may be lucrative..I'm not going to go all in on a hot dog franchise because of it. I want to see positive earnings and a sustainable business plan that meets it's goals. P.S. do i get a sticky for my awesome DD? sheesh.
I would say it is speculators looking to get in on the dead cat bounce. Also ...some getting in in-case Ike actually comes through with those audited financials (you know...the ones he stated we would have by EOY?) as that may cause a bit of a spike also. The fundamentals have not changed here...crappy advertising (no money), a burn rate 10x earnings (no money), a new business with their own products to try and launch but guess what...yep (no money) and total failure bringing the product to market in the U.S. and Canada. And biggest of all...NO PATENT. Hmmm...where is the money going to come from?
Why get down on me for pointing out the obvious? I don't run the company. Yes, many start-ups do lose money and it is to be expected. However, most companies plan for that and have all their ducks in a row before hand. The obvious HERE is:
1: They want to double the A/S to dilute more. If we are at lets say .0016 and you double the shares available to the market...common sense would tell you (if nothing changes) about where the price may be in the future would it not?
2: The company is losing over 2 million per quarter which is 10x earnings. Also.. going over the financials I see defered income, convertable debentures (also known as toxic financing) and they bought into something (addon exchange) that will need funds to get off the ground also...funds we obviously do not have.
3: The awarenes/advertising campaign is non existant. A single ad in the WSJ is so lame I have no words.
4: There is no patent. It is no great wonder why they are having trouble getting the big boys to come to the table? Until that little tidbit is obtained I doubt the big boys will want to play.
5: 35% of addon was purchased for 100,000,000 shares which at that time we were trading at .0055 so $550,000. For what? What are their earnings and burn rate? Couldn't that money have been better spent on advertising the product or is it just me?
I have not even mentioned the lucrative consulting fees being paid to the old management. FOR WHAT? Are we here due to their awesome cunsulting prowess? If yes, they need to give whatever they got back as they obviously are not qualified.
Ah...but there is the rub...you SOLD some and only went long AFTER securing profits and only went long with freebies.
How about some more factoids folks?
Registrant:
addonx.com, Secret Registration Customer ID 80759 addonx.com@secretregistration.com
Secret Registration
c/o addonx.com
816 Elm Street
Box 606
Manchester, NH 03101
US
Domain name: ADDONX.COM
Administrative Contact, Technical Contact:
addonx.com, Secret Registration Customer ID 80759 addonx.com@secretregistration.com
Secret Registration
c/o addonx.com
816 Elm Street
Box 606
Manchester, NH 03101
US
+1.6037124016
Registration Service Provider:
(DynDNS) Dynamic Network Services, Inc. support@dyndns.com
Login to your account at http://www.dyndns.com/+domains/ to manage
nameservers and contacts for your domain name.
Record last updated on 27-Mar-2010 00:56:49 UTC.
Record expires on 15-Mar-2011.
Record created on 15-Mar-2010.
This domain is delegated to DynDNS.com Custom DNS:
NS2.MYDYNDNS.ORG
NS1.MYDYNDNS.ORG
100% uptime since 2001! ** Learn more here: http://www.dyn.com/ **
Domain status: ok
Registry Status: ok
http://who.godaddy.com/WhoIs.aspx?domain=addonx.com&isc=ALEXADOM
A tad more D/D
http://www.alexa.com/siteinfo/addonx.com#trafficstats
So...what is the burn rate for addon? We KNOW what the burn rate is for GOIG and we certainly cant afford that (10x earnings). It was announced that they were to launch a new product soon...if the awareness/advertising campaign is anything like go800 well what do you think the outcome will resemble???
?
LOL, sorry bud...I just happened to attach it to your thread as I did not want to appear like I was attacking anyone in particular. Like you even had to ask...but no...not directed toward you...(of all people).
So where is the revenue? You can throw numbers and factoids out there till kingdom come. History and financials carry a bit more weight. That HISTORY shows it didnt get off the ground in America and has as of yet proven to catch on in British Columbia. The marketing has been abysmal if not non-existant to say the least. Furthermore, without a patent it's a non game and just like any other Minimoo play nothing but pure B.S. based on nothing but speculation. Sure there will always be those that will make money. BUT... as in all Minimoo plays folks...(((REMEMBER)))...longs have always lost!!!
Trying to keep my mouth shut here but just can not resist. (I may have had a few). Ive been looking at all the new faces and seen a heck of alot of gushing (pumping) of goig. My question is... are any of you actually doing DD??? Did people not read the (unaudited) financials? Did they not at least even go to pink sheets and see that GOIG (((claims))) the authorized has been doubled. (Only the company can input that info. by the way.) However...that info. has not been filed with the Nevada Secretary of State yet. Did people not read the financials that said $196,000 in revenue for the quarter and a net loss of $2,623,000 for the quarter? Did anyone not bother to look at the charts or read shareholder sentiment on the board here during the constant free fall due to the massive dilution? whats with the cheering squad? are there any people here without blinders on besides yo yo? WOW!!!
Not to mention that all these numbers are from 3 months ago. Also...pink sheets says that the authorised was raised to 4.8 billion from 2.4 billion (only the company can change that info on pink sheets)despite failing to file/register that info with the Nevada secretary of state. Wonder how that works for Ross Miller?
You should rely on more than what is filed on pink sheets and told by the company as your information is not researched very well and is out dated. According to Nevada Secretary of State the authorized is 6 BILLION!!! For what???? No news and a past history of nothing but bulldooky from dividends to assets. They used to at least give folks something believable to get exited about. Three or four years later without a damn thing they said coming true (((and a reverse split))) and here we are... 6 BILLION A/S and nothing but B.S assets.
Furthermore...no financials posted since 2009 according to pink sheets.
http://www.otcmarkets.com/stock/MONA/financials
On top of that... the company is in default according to Nevada secretary of state.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=KwdNSKq0QriVtOAyXETZQA%253d%253d&nt7=0
C'mon guy...try to at least be honest for investors information sake instead of just a cheerleader for the (ahem) company.
"12/19/10: A/S 4.8B; O/S 2,249,217,652; Float 1,905,169,007"
Whoa...where did you get that info from??? Nevada SOS says the A/S is still at 2.4 billion...
Financial Information
No Par Share Count: 0 Capital Amount: $ 2,410,000.00
Par Share Count: 2,400,000,000.00 Par Share Value: $ 0.001
Par Share Count: 10,000,000.00 Par Share Value: $ 0.001
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=3jThqORgUECd85DDTFExQw%253d%253d&nt7=0
Nice post and you are not alone in your assumptions. IMO the dual listing helps minimoo short on the german exchange (KNOWING that the stock will be diluted to death) and making cash both on the pump AND the dump. Not rocket science when it looked the same way on another of those I was in. Also...the recent rise in price IMO was not so much an attempt to dump but was instead a feeble attempt to make it look like they were making an effort to shake any shorts by triggering their stop loss limits. However...again IMO...any shorts there may have been ...already covered BEFORE (almost like they knew aye) the last dead cat bounce. That being said...unlike other minimoo stocks... the A/S and O/S is not ginormously bloated (comparably) and still (with the right managing) workable as far as saving it from collapsing beyong saving. A filing raising the A/S to more than it is now however would be the tell as to where this will end up IMO. Hope for a lot of folks goig does not follow the MMMG trend.
What about the 2400 stores and 3 distribution centers. Not to mention Shenzen bread or the non-dilutable dividends.
Ah Breezin...ever the optimist...
Cell Phone Subscribers in the U.S. 2008 262,700,000
Cell Phone Subscribers in Canada. At the end of June 2010, Canadian wireless phone subscribers numbered 23.4 million. Canadians send 154 million text messages per day.
While all the statistics are nice and sure give the impression of vast potential that is all mmmg stocks ever do...pump the vast potential and never ever deliver. Their business is selling shares and they could seem to care less about the business itself or shareholders.
And there in lies the rub...get in BEFORE they run...now why didn't I think of that...
A minimoo employee perhaps? The tickers you just mentioned seem to have all made the same trend as goig as far as the steady decline in share price. So how praytell does one make money when the stock trends nothing but down?