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I was a Film/TV Producer, and Executive Producer, for 20 years. Every single production company I worked for in the TV/Film business succeeded, many from the ground up. And I worked for quite a few. I also ran my own production company for a few years.
So I DO know the Entertainment industry from the inside. MMEG doesn't look like it's going belly up any time soon to me, on the contrary, I think it is only the beginning for them. Having produced over 100 shows in my 20 years in the business, I know the business. :)
So I am going to have to disagree with you again. MMEG may (or may not) have a long-term set back, but they have REAL programming in the works. They won't let any of it fall apart, and that is just my opinion, so I hope no one puts too much stock (no pun intended) into my opinion.
I do not know anyone at Momentous personally, nor have I spoken to anyone there, but I have good hopes based on my knowledge of the industry. I realize everyone does not agree. But having been in the business for 20 years, I know the level of obsession and dedication to making things happen in this industry.
Of course, that doesn't mean any company will succeed, as you pointed out, many fail, but many fail anyway. It really depends on how good the owners are at making things happen. And, sometimes, a project is in the works for a very long time before anything happens. I know this from personal experience. It takes a very long time sometimes to get to the point from "idea" to "TV show". Setbacks, though, do not necessarily mean things won't happen--it's just part of being in the industry.
No guarantees, and only time will tell. Happy investing!
Sorry, but you are wrong on all counts here. They are first and foremost an Entertainment company, and the fact that they are OTC is totally irrelevant. So unless you have a background in the Film/TV entertainment business, I think you are making generalities about an industry you do not understand.
Easy finding investors once you have programming lined up and everyone on board.
Agree. MMEG has progamming in the works. They are not going to just suddenly decide NOT produce their programming.
Please keep in mind that MMEG is a production company. If the deal with Poolworks doesn't happen (and I'm not saying it won't) then they WILL find another outlet for distribution of their programming. That is a simple fact. MMEG existed before the offer to buy Poolworks, and they will continue to exist if the deal doesn't happen. MMEG will just find another outlet for distribution.
Exactly. OTC Penny stocks are the Wild West of the market.
Points to consider:
1. MMEG existed before Poolworks and if the deal never closes, MMEG will still exist. They produce programming and will continue to do so.
2. MMEG could announce any other news at any time about other programming.
3. MMEG will find another outlet for distribution if Poolworks doesn't work out. If they have the money and wherewithal to acquire a company, they have the wherewithal to find another outlet for distribution. Distribution is the key to success for programming producers. They know this.
4. Poolworks is in financial trouble and probably motivated to capitulate to MMEG's requests if they want to save themselves.
Of course, we don't know anything yet. These are just points to consider, only IMO. Good luck everyone today.
I'm hoping they resolve it very soon. I'm thinking if Poolworks is in financial trouble, they're motivated to work out the details, right? So I will be keeping a close eye on MMEG every day, waiting for any updates.
Momentous' CEO, Kurt Neubauer stated, "While management is very disappointed in the delay, we are hopeful the creditor negotiations can be resolved by the end of February 2017. However, we cannot guarantee that an outcome from these negotiations will be acceptable to all parties. In the event that VZ Network Holdings is unable to reach agreeable solutions, we will be unable to close the acquisition of VZ Network Holdings."
Direct quote from the Press Release. We will all have to just wait and see what happens. Hopefully it will be soon!
Great news! Can't wait for tomorrow!
As far as I know they only said they were closing the deal on the 2nd. Doesn't mean the PR comes out on the 2nd. Will most likely be out by tomorrow morning if the deal was signed today.
Same here. As soon as confirmation hits, I am buying more. And confirmation is coming soon! :)
Exactly, this is the final countdown to PR! No reason to believe it won't happen.
MMEG website exact words from the front page of their website.
"Who we are
Momentous Entertainment Group (OTCBB: MMEG) is a diversified entertainment with a focus on technology and on creating, producing and distributing quality content and products. MMEG sells outstanding entertainment and consumer products via third party distribution and utilizing direct response media marketing. As it develops its distribution and sales channels, MMEG will build out its music division along with its feature film, television production, and finance division. With a combined experience of more than 100 years in entertainment and marketing, MMEG will be able to make major contributions by providing quality content and products worldwide. We are in the process of developing a treasure chest of extraordinary family entertainment and unique merchandise for international distribution."
"Projects for Film, Music and Direct Response Marketing
We thrive on seeing our ideas become a reality. The goal of Momentous Film Division is to financially participate in world-wide distribution channels for quality studio films and music. Momentous' management and consulting team has more than 100 years of music, film, and TV production, with emphasis on building international relationships in the music, motion picture, infomercial, and related industries."
"Constanting looking for Fresh and Inspiring Music and Film Presentations
Our goal is to release the most inspiring Adult Contemporary content possible. From music to film to documentary to products and value-added transactional innovations in marketing and distribution to bring entertainment into the 21st century. Being the fully committed people that we are, we continue to better the viewer and listener experience of our projects and products through the newest forms of technology.
Adult Contemporary Music Audio & Video
Adult Contemporary Film and Documentary
Value added Direct Response Products"
"Both Organic and Vertical Growth
While Momentous strives to produce the best in house projects in film and Music, we will also look to acquisition to enhance investor shareholder value."
It's going to be a long weekend til Tuesday, LOL.
I could be wrong...don't skewer me if I am...LOL Monday is a holiday after all.
Yes, I realize that, but they are an entertainment company, and that's why I said maybe Monday, given that there could be a general news release. It's not just market news, it's also entertainment industry news.
It is possible they could put out the PR on Monday, depending on what time the contract is actually signed. Germany is six hours ahead of the U.S., so that is something to consider. If it's 9 am here, it will be 3 pm in Germany. The last PR we got was after market hours, around 4:30 pm.
Also consider, if they already have the Press Release written and ready to go (and they might, given that there are other more detailed plans the CEO said he was going to cover, and I would think they would have already wanted all that worded perfectly) then there is no reason for them not to release the PR immediately. And if that is the case then maybe we'll see a PR late on Monday afternoon.
Just depends on how they do things. Don't know, but I will be keeping an eye out for that PR starting Monday. I'm not saying it will happen on Monday, because we do not have a crystal ball, but no matter when it's released, it's going to get exciting around here.
Not a day to walk away from your computer given this could run at any time...I will be here all day.
Good morning, MMEG! Would like to remind everyone this is still a holiday week and on Tuesday investors and traders should be back in full force. Someone even posted yesterday they'll be here on Tuesday, but are on vacation right now enjoying their holiday.
Combine that with the "DETAILS" the CEO spoke of but said he couldn't mention yet, but said he will mention when they announce the closing of the deal, (ie: their detailed plans for what's in the works for the company), Ithink things are going to be VERY interesting today and on Tuesday should be a big party for us. :)
Happy New Year!
Yes, the PR will hit the web before market opens on the 3rd! And we'll be waiting at the gate...lol
We all know the market is closed on the 2nd. That's why it's important to get in tomorrow because when they announce it on the 2nd, then we're going to go boom on the 3rd right out of the gate.
Time will tell, Snuggles....
Tomorrow is the day we push up for Jan 2 news!
Hello all! New here and haven't bought in yet but closely watching.
Happy New Year Tony! Can't wait for any new IFAN news!
Think we will go up tomorrow, the day before the announcement on Jan 2nd. The run ended Tuesday, so we need a new run, which should start tomorrow. MMEG GO!
Good morning everyone! No doubt an exciting week!
Maybe caution is just more of a female trait and given the amount of times I've been called "bro" on these boards I'd say there are more male than female traders here. LOL Don't know if the other women agree, but I'd rather make a nice living than risk the house, the car, my whole portfolio, etc. We all want that one stock that will make us rich, but I see becoming a millionaire as nice icing on the cake, and if it happens, great, but I'd rather be safe than sorry. Trading can get lonely at times, so I do love the camaraderie here though, amid all the madness.
Thank you. I am into trading for the long haul, this is my only career now, so I take it very seriously (won't get into it here). I have learned so much on these boards you have no idea. I learn something new everyday, and I read nearly all posts (except the crazies and the vulgar), but I spend a lot of time reading and researching.
I'm grateful for all that I learn here, it's truly an amazing source of learning--more than any book or anything else, in my opinion. Because it's learning "live". Books teach basics and concepts and theories, but nothing is like watching and trading "live" as it happens. That is where learning takes place IMO. I appreciate people like you who post what you know and with that all your experience. I know other rookie traders appreciate it, too. I know we all have to invest and trade by our own methods and instincts and level of skill, so people like you are greatly appreciated.
I am not one bit negative about IFAN, and am looking forward to great things from the company.
You've been trading for many years. I have been trading for only 4 months. So...you know a lot more than I do and I am just cautious. Haven't lost any money so far, so that is a good thing! Maybe when I get to the point of knowing what those who've been trading for many years know I will take greater risks. LOL. Very exciting though. I am still excited about IFAN. Just cautious as a newbie.
OK, maybe I am not the norm here, but I sold almost my entire position in IFAN for profit in the middle of December. I had 4 million shares. I kept 350k. If things start looking really good I may buy back in, but right now, I don't know where the pps is going, or how long IFAN will delay in filing. Not saying good things aren't coming, but I will wait and see. Hopefully great things are coming, so I still watch this closely everyday. Merry Christmas to all!
Everyone will be buying on Tuesday. The volume will be NUTS!
Santa Claus has delivered!!! MMEG!!!!
Merry Christmas Everyone! Be safe and enjoy!
LOL. Gonna follow your lead and get some snacks and watch the MMEG show!!! Best show in pennyland!
Might rally the last hour.
3 hours to go. Let's pass the HOD!
What a MONSTER!!! MMEG BABY!!!
We may even hit 005. Still many hours left in the day. We could get one more burst.