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Makesalotofcents, I really don't know if MCLN will be the exemption to the rule. I am impress with their business structure, it'll take time though. Also, I think at the moment the company is selling shares by the looks of the trading activity at 0.0049.
varok, can you actually visalize Troy posting his answers to the questions? I can't.
FYI Newbie2010, no penny arcade stock has NEVER made it to the big boards. "Long term" investors on such stocks are destined to lose money. I like MCLN as much as most, but I would never consider it a longterm investment.
In researching many of the penny arcade stocks MCLN is the class of the bunch. It appears to have built a strong foundation and a large sales force to assist in building onto that foundation. That's my feelings toward this stock, I'm not pumping as it doesn't matter to me if people hold or sell tommorow. I can't say what my reaction will be in the morning when I see the trading action. Hope all goes well. GLTA
Good point aureus. I do think though we'll see some panic selling tomorrow morning.
I think it may be just temporary before a click or two south. I just can't imagine what Troy will say to justify the downward spiral. If he tells the truth the stock could dip further. I believe he'll keep extending his reply to the questions hoping the pps will go up at some point. I'm sure he realizes there are quite a few angry investors right now.
Guess we'll have a sizeable gap down before market opens.
oops, sorry, wrong board
I guess now we just have to wonder how much of a gap down will we have before the market opens.
wow, what happen to LFBG's marketcap. 4.95M
You know, I'm not so sure Troy will be answering questions based on market activity today. How is he going to explain that?
uh oh, here comes the 0.001 sells.
Don't know Scrappy, just that questions had to be in by Tuesday.
Maybe they're waiting for Troy to respond to the questions.
What could be holding the bid price up? Has been 0.0011 for the past few days with millions of shares sold. Appears to be more than just investors selling at 0.0011.
At the expense of his investors iwantmoney. Investors are the ones who support the company, losing their confidence could create problems, and that appears to be what's happening at this point.
noquit, didn't Troy say in his last Q&A that he currently owns 2% but wants to increase it to 10% at a discounted stock price. Said he needs board approval before he can do this.
noquit, I did read the SEC reg re "Full Disclosure". My interpretation of the reg is Full Disclosure of financial facts. I didn't see anything regarding Full Disclosure of the funding company or individuals providing the funding. noquit, don't get me wrong, I'm not trying to prove you wrong, I simply do not want to see you back yourself into a corner. It's indeed possible I may have missed something in the regs.
noquit, and you're absolutely sure that IF the company actually received funding from a LLC in delaware who does not have to expose their identity by Delaware law, would also apply to funding a public company, and that public company could, by law, withhold that information? Troy did include all financial information regard the funding, except for giving the true identity of the LLC. Realize you have reseached the above, but was there anything about dealings with a LLC funding situation in the state of Delaware for public companies?
I don't know noquit. Appears to me the only thing substantiated is that Modessa does not exist. The rest of the findings appear to be circumstantial based on your opinions. I must admit though, based on what you have provided, there does appear to be some shady dealings going on, but dificult to prove in a court of law without having an indepth investigation by SEC or someone on that level of enforcement.
You have to do better than that if you going to pump this stock.
I agree iwantmoney, but there are others that actually sell Christian games.
yep, this is definitely not individual investors selling.
In fact I found quite afew Christian game companies by seaching on Google.
Even with that warning message I won't click on anything that is on the notice. By doing so could load the virus into your computer. Simply close the window.
Nope, not a bad idea at all. I just hope it can hold 6's into close.
Appears some have decided to take their profits.
Did I just see an 8M shares sell @ 0.0061?
With that said noquit, you think news is pending to drive stock up?
noquit, maybe the LLC is real but the name Modessa Enterprises is not registered, therefore would be difficult to find. My concern is if we couldn't find it how did Troy locate this LLC?
Villa, can't do that. At this point I really do not know how the LFBG trading will unfold. I'm watching but refrain from making negative or positive comments unless I can substantiate my comments.
Villa, check again, LFBG is not a pink, it is QTCQB.
Short Selling Data
Short Interest 4,866 (115.21%)
Mar 15, 2011
Significant Failures to Deliver Yes - Reg SHO
Nesorb, agree about averaging down at this point. Why try to catch a falling knife, wait till it hits the floor.
FYI:
MCLN no longer on the QTCBB exchange. That exchange has been phased out. There are now 3 tiers in the OTC: QTCQX, QTCQB and OTCPINK. MCLN falls under the QTCQB.
http://www.otcmarkets.com/stock/MCLN/quote
www.pinksheets.com will give a definition of earch tier.
Keep in mind there is absolutely nothing bad about this move.
If I read it correctly it takes only 2 members to establish a LLC in Delaware and is not necessary to be a resident in Delaware. Believe a founder could even be located overseas and still open a LLC in Delaware.
My point is Taki you know the probable consequences when investing in penny/sub-penny stocks. There will always be dilution and reverse splits. Investors lose money than begin questioning the competence of the CEO, then it goes downhill from that point. The problem is many investors have dreams of becoming rich overnight by buying thousands/millions of sub-penny company shares. Regardless of the company's product line it's still a sub-penny company with limited financial means. It's been documented many times the risks involved when investing in such companies, the odds of making a hefty profit is extremely rare, most will lose money over time.
Ok Taki, we get your point. You say 19 yrs of investing experience. Why do you repeat your mistakes over and over again if you know penny/sub-penny stock are very risky?
nesorb, definately the MM's. Certainly not dilution, investor sentiment etc.