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.
Well that was a couple of weeks ago that we were about .024. The pullback was because of the huge price spike. It went back down and then started trending back up once Q4 earnings report came near. I think we are seeing a very small retreat the last couple of days because 10k hasn't been filed so they are considered "delinquent." Some people are nervous :)
10k and earnings call with CEO. Good probabability that these will be PPS catalysts.
As a long share holder of MMEX these are my observations.
First of all, there is really no doubt that this is real. I have seen many scam and pump and dump postings but if that's true, they sure got some heavy hitters involved including Senators, Mayors, Newspapers, Television Stations, well known consulting firms and engineering firms.
That said, there is no way this is not legit.
Next, that bears really only two questions. 1. Permits and 2. Financing. Financing will be the easier of the two because this endeavor should be quite profitable and Jack Hanks is an experienced oil man. I am sure that this has already been discussed with KP Engineering and there are going to be plenty of deep pockets more than willing to throw their money at this.
The permits may be a bit more difficult because of the different possibilities that may arise. However, at this point, all indications seem to be leaning towards them being granted. The fact that they will only need state permits is a big plus too.
Honestly, I do not think we will see valuations until the quarterly is filed listing their assets. In his initial article, Hanks had said Doty was going to valuate the 5.5 billion shares that were to be awarded to Maple. However, since Maple rejected those shares, I don't know that Doty will be valuating them.
Lastly, I do think a certain amount of dilution is occurring based on the t trades I have seen. And although, they have turned down the 5.5 billion restricted shares, they did add 2 billion authorized shares of common stock to 5 billion shares.
My intention with this post is to give an honest assessment. I am holding 265,000 shares myself and it is my belief that this is going to happen but it's going to be a bumpy road along the way. Shorts will short and news will be news. MMEX longs will make a lot of money? GLTA!
I don't think today's pr said they were debt and dilution free. It stated this exactly, "The company successfully satisfied the majority of its convertible debt obligations, which will significantly reduce its yearly debt burden and minimize stock dilution."
Also, I don't think that it is uncommon for earnings calls to occur. It happens all the time. I actually think it shows good investor relations for the CEO to keep us updated.
Furthermore, I don't know enough to make comment of the dispensary and I never made the claim about crowd-sourced data.
Lastly, I think if the 10k and earnings call is well received and the Q1 financials are good, I would venture to say that many people would agree with me about the silver prediction.
Everyone has an opinion :) GLTA! Go MYDX!
First off, the 10k will be out more than likely by tomorrow but at the very latest Thursday. Big deal if it's a little late. The stock is still way up over the past few weeks and the fiscal report looked good.
Also, he did not say there wouldn't be any dilution. He said it would be minimized. If indeed the 400k t trade was dilution that is not very much. I have seen much worse dilution and, if it was dilution, then it is probably over now.
Furthermore, there is no reason that MYDX won't be up significantly in the next month. When the 10k is filed, it won't be delinquent anymore and we won't be talking about it being late anymore. This and the conference call on Thursday are very likely going to be catalysts for this stock.
However, the best news will come within a month when Q1 2017 financials are due. By all accounts, this will be a beauty. Debt will be resolved. Q1 sales should be up thanks in part to the HBO publicity.
By middle of May, I think MYDX is very likely going to be anywhere from .05 to .10. Hang tight all! Don't be taken in by the naysayers. It's all good! MYDX is going to be a beast!
Does anyone know exactly when today financials will be released? I don't think I saw a time...just today. It should be a good day for MYDX share holders!!!
This is great news. Shows the diversity of MYDX with products in several different markets . Great post highlandernew! Going to be loading up on more shares Monday before record earnings report!
You know the fourth quarter is going to be good because first item on the agenda on the Thursday conference states, "Business highlights and company performance, including record revenue & EBITDA growth."
Notice the words "record revenue". If the Q4 report wasn't going to be good they probably wouldn't even announce the release. They would just submit the 10k with no announcement.
MYDX in for a huge week and with next month's Q1 2017 results, we are going to see silver by the end of May at the very latest!
It's a great time to be a share holder!
Q4 Financials Key Hint.
Did anyone notice what was said in the Accesswire article that announced both the financials being released on Tuesday and the conference call on Thursday?
Bullet one on the agenda stated, "Business highlights and company performance, including record revenue & EBITDA growth."
Sounds like it is going to be a nice report. I imagine next week we go BOOM. I would venture to guess we will be green every day next week with what's on tap.
Sweet time to own MYDX! GLTA!
This is my last available post today so I got to say LOL. Go MMEX!!!! Until tomorrow all!
If this is a verified scam then why are people investing in this stock and why is Ted Cruz tweeting about MMEX and endorsing them? Why is the mayor of Stockton verifying their plans as well. Why is Bloomberg and the Washington Post, just to name a couple, writing articles about them? Why are there television newscasts? Is this a big conspiracy? Hmmm!
Speculation
Go look at their website. They have the article about it there that specifically says "MMEX partners with KP Engineering..." Does that not imply partnership??
Well there is no evidence that you can provide that says it is a scam. I think there is a lot more evidence leading towards it being the real deal than not! Nothing has been said so far has not been proven false. So, that's why I'm an investor. I think it is much better to invest at less than a penny and get massive returns than to wait until everything is concrete and get a much lower ROI.
I am still up big time on my investment and, if for some reason I lose it all, that's ok. Like Warren Buffet said, you only have to be right on one!
Sure I can make that assumption. I just did
I think the partnership itself is useful
I'm just saying I am sure KPE has some sort of assurances. Enough so the advertise it on their website. You can call it speculation but I would call it smart.
There you go speculating.
I disagree. I think it deserves mention. Sure it is speculation but I really don't think KPE is just going to do the work and then hope they get paid.
I am sure that those discussions would have come up. Yes. Especially when they are being called partner. Do you really think KPE would just do the work and hope they get paid?
We are getting closer and closer to the Q4 2016 report and about a month away from the Q1 2017 report. Probably going to see a bit of a volume pick up starting tomorrow along with a modest price spike until the financial report then BOOM!
So you don't think MMEX and KPE discussed financing at all? Really?
Good point tendayer!
Funding will not be an issue!
1. Do you think that KPE and MMEX discussed funding before their deal? Of course they did. Enough to convince KPE to partner up with MMEX and advertise it on their own website. I doubt KPE said, "You have $82? Great! Let's do this!"
2. Deep pockets would be more than willing to help finance for a piece of the Permian Basin.
3. Endorsed by Ted Cruz, the Mayor, and people in the town. This is going to be good for the economy all the way around. MMEX is already getting lots of support.
4. Hanks and Maple have more money and assets than people are giving them credit for. Hanks has been in the industry a long time and has plenty of contacts.
This refinery will be built and no amount of DD has proven otherwise.
Believe, Buy, and Hold until next year! You will be happy you did!
Definitely. I can see a breakout session as a real possibility very soon.
Not necessarily King. They basically flatlined from March 8th to March 24th with very little news. I don't think it will tank unless there is bad news but I could see it dropping to the .16s perhaps but I really doubt it will go much lower than that.
Do you KP Engineering thinks they will get funding? Do you think maybe they discussed that prior to their deal? Or do you think KP Engineering say, "Great, you have $82. Let's do this."
If I'm not mistaken, I believe the Q1 Financials will be due 45 days after Q1 which would make it the middle of May.
That said, MYDX really hasn't had substantial news since debt resolution. So, more than likely, the next bit of substantial news is going to be the Q4 2016 financials which will probably be here this week unless they are late then we may have to wait a couple of weeks. They have already said that they expect the Q4 2016 financials to show cash flow positive. Overall, I really don't think the Q4 report is going to be stellar but if indeed they are cash flow positive, that should be enough to push us over .02 to stay. If for some reason, they aren't cash flow positive and the report is not as expected, I could see it going back under a penny.
Then one month from now, the Q1 2017 report comes out and there is a strong feeling that that report is going to be stellar. Debt will be resolved and HBO piece will probably assist in company sales. There is already a delay in ordering because of demand. No doubt this is going to be a huge catalyst so even if we drop below a penny, we have a very strong possibly of breaking a nickel by end of May.
All told, I think this is one of the better OTC companies to hold long. GLTA!
I feel like we have sort of reached a new base. I think we will be in the .018 and .019s until news much like we were in the .004s and .005s for awhile.
I'm holding as well. Just not 56 million shares. WOW! I do like this company though. I think this is one of the few OTCs that will make it to the big boards!
Well said Penny!
Everyone entitled to their opinion. Let the chips fall where they may. GLTA!
So this KP Engineering deal is just a stunt hey? What is KP Engineering getting out of it? Also, what has been said that leads you to believe Hanks is lying?
They deleted my message but thanks for salvaging it. Ok, why would they risk jail to get in the news. Most scams would want to avoid that kind of publicity. Or why would they even want Ted Cruz to know who they are? Makes no sense.
In about a week or less I think we see MYDX back into the .02s. All rides on the 8k. If they meet expectations on cash flow positive, I think we are back in the .02s to stay until the Q1 financials, then we hit at least a nickel or more!
Really, this company is in great shape, has great fundamentals and in demand products with more on the way. I wouldn't be surprised to see anywhere from .25 to .5 by end of year.
That is a great post Bitcon! I'm a big MYDX believer! Looking for the PPS to jump very soon!
I hear you. I don't either but I am ok as long as we keep making higher lows. Remember this stock is still very young and the progress it has made in such a short period of time is really amazing. I'm long so I suppose I don't mind the valleys as much but I know what you mean. Definitely better to be up than down!
Two Tuesdays ago she went up big time from the Monday .0059 close. I think it had it's first ever close over .01.
Well two Tuesdays ago it sky rocketed from .0059 Monday close. Only happened last Tuesday
Great post. I am going to load up Monday. I think we are in for a big week! Go MYDX!