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Didn't notice that, thanks Marx. Hmmm maybe ... hopefully.
We haven't heard things for awhile re: their plans; and they were pretty good about keeping us posted on things. I agree, news coming, but I'd prefer very soon (like this week) because I think that would get us out of the trips.
That's 2days in a row of that 911 trade ... it may be signal amongst the MMs, but I don't know what it means. I used to think it meant news coming, but that hasn't happened.
And trading certainly has an appetite for .0006s. Picked up some on the Ask, then twice I placed orders for .0006s as Bid support, and both times they were filled fast.
The way it's trading today, it appears as if it's "coiled" and primed for [good meaningful] news -- and any substantial buying pressure will move this North a few ticks (since the BMIC & VNDM "wall" seems to not be playing today) ... just my impression.
Volume has been up that past several trading sessions, especially with those EOD t-trades. Monday was 130mil share volume followed-up by yesterday's momentous 200mil share volume day -- and it did not have the big EOD t-trades because they were settled during the day, did you all see those big trades?!
Good accumulation by some, great entry point for new investors, but what interests me are the new deep-pocket investors gobbling big chunks of shares.
With all this attention, this week would be optimum timing to announce the completed acquisition of Neurofuse, and the status of the Blackfox deal.
Speculation of another social networking was brought up before, and that just adds to what MMEG hopes to achieve via acquisitions.
But, when all is said & done, they're going to be busy building out this this machine -- because the survival if MMEG is going to depend on good revs/profits, which I believe they can accomplish. And they're going to need that $$$ to address the SS which has developed. When THAT happens ... put your tray tables up and fasten your seatbelts.
Fingers-crossed.
Thanks Marxbys ... yeah, hopefully they stay on the Bid, BMIC & VNDM don't need more playmates.
Great volume today, actually -- so was yesterday. Was surprised there weren't any t-trades, but I guess the big share buys/sells blocs were earlier in the trading session as opposed to towards the "end of the day.
Hoping we get some news soon(!), now that there appears to be more "eye"s here
I know what VNDM & BMIC's roles are here -- but not familiar with CFGN. What's their "M.O.?"
I couldn't resist with that last mil to "even out" the volume. I saw that 911 trade too. Hope news comes out this week.
Also, an update on the notes situation (who's done and out, who's still in and much along they are, etc.) would be nice too.
Hang in there everybody & GLTA!
Wow! Now that's volume! More shares out of the hands of the diluters.. the t-trades should be interesting.
The last two days of trading saw alot of volume. Both the selling & buying were impressive. In addition to the diluters, I believe some "retail" also sold --- maybe some who felt they waited long enough, or others who suffered a loss, left, and may come back when things change.
The buying was also noteworthy. In the past I felt it was just current shareholders (longs, mediums, and short-termers) accumulating with a smattering of new investors. But the last 2days, yesterday especially, felt like new investors (some with deep pockets) jumped in. I know some of us grabbed some yesterday too, but the buying pressure chased BMIC and VNDM twice off their perch. VNDM didn't return in the last hour -- of course BMIC did when the buying slowed.
With that kind of volume, I thought there might have been some news after hours. Oh well, maybe something soon . . . something substantive and "meaty."
I agree with Wreckingballer, a lot of loading has been going on the past two trading days --- this week may be have a tell tale sign.
Hey Spec, while watching the Ask, keep an eye on BMIC & VNDM. As long as they're there with their "walls," -- you're gonna see a lot of "nice ones."
When they're showing 4mil - they could "hiding" another 10mil behind them -- maybe 20mil -- maybe 30mil. Until they finally unload what they're holding, and this begins trading organically, there are going to be frustrating days ahead.
To save one's consumption of Maloxx or Mylanta, it is best to adopt patience and hope [when all is said & done] the damage to the PPS is not beyond repair.
Today's news was just a little update. But, as Marxbys has said, in this 3rd quarter, we may see more PRs and updates with more substantial "meat" to it.
Still holding with fingers-crossed.
These next two quarters in the remainder of the year will be very interesting...
Very true, and if my guesstimations are correct, us longs here are holding 300million-ish shares. When this dilution is done, that should provide some stability in the PPS' movement when this begins trading "normally" ... without this heavy selling pressure.
But, a lot of shares were bought in the trips --- be prepared for profit taking (nothing wrong with that) along the way.
GLTA
Very appropriate --- all but 3 trades were buys today.
Yes, it has been a tough month for shareholders. We knew dilution was coming, but I didn't think we'd get below .001.
Well, all that aside .. I was able to average down to .0016. I am done accumulating and am sitting on a large position.
This time last month I planned on averaging down, however, I never would have thought I was going to reach .0016! In a year I'll know if this trip to the trips was a blessing or a curse ... I'm betting (hoping) for the former.
What a bunch of game playing going on... I placed my order, and only filled 1/3 of it and VNDM went to .0007 (which is fine) & BMIC left to hide. I filled the rest at .0007 --- and BMIC came back to .0006 with their "1million."
Good accumulation throughout the day -- think I'll take a nibble too. No better way to end the quarter with some averaging down.
Yup.. there have been some nice "buys" all week, but today has been the best during trading hours [so far]. The EOD trade(s) today should be interesting.
Ooops, I meant 3rd quarter -- getting tired... so ya'll in the morning
I think so too, I think in the 2nd quarter we'll see a turnaround. And you're right, I'm in Calif., and I work flex hours: sometimes late, sometimes early ... and I'm tired of it, hoping this works out and I can join atina in retirement city.
That's right Marxbys. In a sense it's a loan that is being paid by us, the investor/shareholder.
Once complete, this combination of companies, once developed to compliment (or as the CEO put it "synergize") each other under the MMEG umbrella - should produce meaningful revenue, improving quarter-over-quarter ... which is what we believe (and hope!) will happen.
It all depends on revenues, if we're in Q1, Q2 '18 and there's been no meaningful growth or revs, then with all these shares out in the market (a bit north of 1bil, IMO, when all is done) then we might as well put a "fork in it."
But, if $$ is generated at a substantial rate, market share growing, and improvement quarter-over-quarter. Then anything is possible when one has $$$! Re-negotiating with note/debt holders coming due next year (Like they re-negotiated terms & obligations early this year [I believe, or late last year?]) and paying them off.
And to improve the Company on paper (and as a thank you to shareholders who technically "financed" these deals) they can phase in some share buybacks and retiring those shares, making the SS more attractive.
As we know, it's all about potential revenue generated; which we won't fully grasp until Q4 (if we're lucky, maybe Q3). Hence, one has to be a long.
And that's not including the shares converted during regular trading hours. Especially with the walls that VNDM & BMIC have been putting up.... IMO you can also double (or maaaybe[?] even triple) that figure.
Regardless, the trading action here has been tough to stomach.
Truthfully, I don't know. Some years ago I invested with 2 pennies who were also diluting. After a couple of days, I pulled the plug and sold.
It was easy leaving those 2: they weren't current, though they always announced "paperwork was being processed," and acquisition rumors & partnerships were just that. Their dilution was to settle debt and the EOD t-trades were overwhelmingly mostly sells. If there were "buys," they were not noteworthy.
Here, they've always been current with they're filings (albeit sometimes late, not uncommon in the OTC), and their dilution was to acquire, which they did with Poolworks & Chimera. Now we have the Neurofuse & Blackfox deals coming up. Also, today's t-trade buys was considerable. I don't know what to make of it, and hope it is a good sign.
This dilution is considerable, and the only way I see MMEG working out is what we have been saying all along --- it's all going to hinge on revenues & profits.
This is a sub-penny OTC play, which means high risk, a gamble so to speak ... but, there is so much potential here. I just wish I hadn't spent so much in the .002s and teens and use that powder now. Coulda, woulda, shoulda and all that. If this does work, none of THAT second guessing is going matter --- they would have all been good purchase prices.
Fingers-crossed.
Yup, way more Buys than Sells all day... the EOD T-trades were Buys as opposed to Sells like before. Also, in the last 3hours of trading, the last 11 trades were all buys totaling 11.2mil shares.
It is painful, but slowly these shares are getting out of the hands of the diluters.
Millions -- and if the pattern holds true, probably around at .0005. Apparently many others are guessing that too, since there's about 26mil shares sitting on the Bid and waiting.
The only contact I had was a while back I emailed their IR re: the SS. At the time, it showed mid 400mil as the OS and about 1.3mil shares in the float, and the daily volume was bet 12mil to 22mil at the time.
Two days later the OS shares and the float on the OTC website were updated.
I think Marxbys is right, they may start putting out news, prs, etc., after the 30th - when the Q2 closes and Vert gets their 20% of diluted shares ... which, with what has been happening here the past 2months, will be quite a chunk.
There certainly have been a lot of EOD t-trades here the past few weeks. IMO, it appears that they want to get rid of their shares by the end of Q2. Today was by far the most we've seen --- I wonder if it was related with the "911" trades?
It certainly would be great to start the new quarter with these diluters out of our hair.
You're right, any shares bought in the trips are an opportunity, and I picked up several mil more today -- averaged down to .0017.
Also hoping winnotlose is right and the 911 trades are a signal of news coming. Usually there would be one 911 trade, but today we saw 2 at the same time at close but different prices, which leads me to speculate 2 different MMs.
Timing seems interesting: VERT's involvement, end of quarter, Neurofuse and Blackfox deals pending ... we shall see.
Agreed. I know I'm not alone in wishing THIS was my entry point.
Like you, I've been "averaging down" too ... about .00178-ish now. Will pick up a few more if it stays in the trips.
Holding a lot of shares too. Waiting & holding with fingers-crossed.
BTW, .0013 is a good average. GLTA
Nice .. same here. Just more shares out of the hands of the "converters."
Thanks Marx. I'm looking forward to MMEG building out Poolworks, especially by adding new languages. I'm sure they'll start with other Euro languages first, which includes English and Spanish -- which opens up the Western Hemisphere. That should really get things going. And when they expand to Asian languages -- look out!
David Micek will certainly have his work cut out for him, but he has the resumé that, I believe, he's the right person for the task.
I agree with Marxbys. Revs/profits are the key. When the acquisitions of Neurofuse & Blackfox are complete (and possibly another social networking site) - then the company will build them out to synergize and compliment one another. And hopefully the revs will increase quarter over quarter.
When all is said and done, we may be looking at around 1.2bil OS. We've seen the past 2months what effect these diluted shares have, so we still have a rough road ahead.
The CEO has said on a couple of occasions of his intention to uplist to the NASDAQ. One of the standards for that is a Bid of at least $4 (there are some exceptions). Well you can see with this SS, it is unlikely MMEG can meet that requirement -- it would require a HUGE revenue stream.
A way to fix that is to improve the SS. One way is a R/S. The CEO has said in the past he will not entertain a Reverse Split because of its adverse impact. The other option (which I'm hoping for) is several phases of share buybacks and the retiring of those shares. In order to have the $$ do accomplish this, again, it all hinges on revs/profits.
If revs/profits are good [and improving quarter over quarter] AND they implement a share buyback & retiring those shares ... then as the Ford commercial says: "This Changes Everything!"
Man, there certainly have been many shares traded here the last 3weeks, -- especially with the EOD t-trades ... yes, mostly sells.
Still holding long, but would certainly love any information on the status of these note holders' shares, specifically: how many shares they have left? I don't think the Company has that info or can get that info.
Can't wait to put this phase behind us.
Just planning on picking up 4mil more shares (to even my number of shares) in the next week or two, then I'm done and am turning off the spigot.
Then it will be and holding (a lot of shares!) and hoping time.
Yup, I agree. I knew there was going to be pressure on the PPS until the converted shares got sold. It was no secret, it was right there in the 8Ks and Annual Report. I continued to accumulate to "average down," but did not think it would be at these levels.
These EOD T-trades we've seen the past 2weeks ranging from 3mil - 9mil shares, I'm interpreting, as these note holders are expediting their exit. Which suits me fine and I hope we're almost done with this phase.
My concern is the future acquisitions (Neurofuse, Blackfox, and possibly another social networking site) will most probably be similarly done with shares. During that time, there better be good news, PRs, and a favorable 10Q for Q2 to spur buying to absorb those shares when they convert and the new lenders begin their exit - otherwise we'll be in this neighborhood for awhile.
Not for the faint of heart for sure.
Yes -- nibbling again
Yup, and we're 2 possibly 3 10qs away from finally seeing what we believe. . . and the PPS will naturally "right" itself. IMO, when all the necessary acquisitions are complete, MMEG will build out these assets. And when all is said and done, I will be not be surprised [and am preparing for] that there may be 1bil - 1.1bil OS shares.
Then, if Revs and profits are what I think they will be, then [hopefully] middle to late next year - MMEG is going to tackle and improve the SS = not with a R/S but with a share buyback plan and retiring them. Then all bets are off on the PPS!
Thanks BigTime, I read that portion, but couldn't wrap my head around it. Your scenario makes total sense and explains a lot ... and I completely agree.
Is it Q4 yet?!
You're right. I think we're just 1 or 2 of "just-the-right PRs" away to bring in new investors [including those who are watching on the sidelines debating to jump in] pour in.
If we have several days of the same buying percentage/pressure we've had the last 2-3 trading days ... but, with volume of 30-40million! Well it's next stop Copper Town.
Yup... VNDM had settled in at 10,000 @ .0013 for days and it took almost 12million shares bought to move them.
Seems like they have their Ask perched at .0016 now.