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Unfortunately, they don't need to work for food as long as toxic lenders keep paying their nice salaries.
Of course that requires gullible buyers of the toxic shares, but there doesn't seem to be any shortage of those!
Yeah, the SEC is slow because of so many scam OTC stocks, but this too will end up on the Greys in due time.
Now it's not just dead, it's buried.
https://www.otcmarkets.com/stock/MPIX/overview
RIP MindScam
They're out of business, defunct and haven't filed in 4 years. They certainly aren't starting now.
CEO, sales and share buyers are all MIA on this one.
New symbol? I smell a reverse split coming along with the new symbol.
Yup. This one has been dead for years now.
It was all fake to bring in investors.
So much toxic debt being converted to discounted shares and dumped on retail it's amazing.
More than a decade of missing every projection and still people hand the toxic lenders a profit.
And the cost is astronomical!
Too funny.
Translation:
TCA will finally get Cresent and we'll be out of business. We can't pay our lawyers anymore.
The company is clearly out of business. Stock has barely traded in the last year. There are a lot of shareholders stuck with shares with the O/S over 10 BILLION.
LOL, this isn't an opening position, it's a postion that was reverse split down from a much older larger position. Funds don't open positions with $.0007 buys.
They won't be buying any more. Fool me once, shame on you, fool me twice, shame on me.
You might want to check out their holdings in DKAM.
7 shares
Yup, $.0007 worth of DKAM. That's 7/100ths of a cent.
Too funny. The largest shareholder????
https://fintel.io/so/us/dkam
https://fintel.io/i/lenox-wealth-advisors
I wouldn't touch either with a 10 foot pole. Buying DKAM stock isn't exactly a smart move by anyone, let alone a professionally managed fund.
This has been a scam for years. They just put out a new PR every so often and get new buyers for the diluted shares.
The shares would be worthless if they tried to dump them, so of course "they never sold a share". They just take huge salaries for running the company into the ground.
Yup, looked pretty obvious.
At least to me.
Look on the bright side, a few years ago, people were paying 20cents plus when this was being pumped as a successful construction company.
Anyone investing $100k back then now owns stock worth $50.
And they didn't get no stinkin' t-shirt either.
No shortage of investors scammed by Mr. B.
Unfortunately, he took the money and ran.
He's untouchable.
$10 in trading at $.0001. To da moooooooonnnn!
Might as well, they're unsellable, even at $.0001.
Yeah, it's an obvious pump and dump, and there's no one left to pump.
As long as you were a billionaire before buying IHSI shares, you have a good chance of being a millionaire afterwards.
LOL, every time I come back to see how the pump and dump is going, the stock is down another 25%.
It's only at the bottom until next month, when it will make a new low.
Then the month after that, another new low.
And on and on.
Only the most egregous scammers ever get caught or punished. And TEUFF has done nothing illegal. Beyond that, they're located outside the reach of any US authority.
This is one "investment" that should just be written off.
It was clear from the day of the Delphin takeover at less than a penny a share that this was going to crash and burn.
There a so many OTC scams and the SEC is going after bigger fish. It will be shut down eventually.
It's not tightly held, it's widely held by folks who bought at $.0001, hoping they could get out at $.0002, but they were buying from people who paid $0, so ...
Nope, company has been out of business for years now.
The company is effectively out of business. They can't float any more toxic debt, so now it's just "dump shares until the SEC delists us" time.
On a big day the stock trades $30 (not including commissions).
Average is $13/day.
Too funny.
Sadly, it's a pump and dump that will continue its downward trend. Those with shares at the beginning of 2018 made a lot of money. Those who bought those shares got screwed.
Well at least everyone has figured out the scam now.
They're still selling MJ BELOW THEIR GROSS COST.
Then they have a million dollars a quarter in CASH expenses.
To keep in business, they sell shares at 30-50% discounts to whatever the current market price is, sometimes with huge origination discounts.
Yeah, same old, same old since the TV days.
Even more amazing, their revenue dropped 75% Q over Q. Uh, wrong direction guys.
I disagree. The CEO and insiders very likely knew EXACTLY where this was headed. That's why they have released only selective news for years and then waited until the last possible minute to file reports.
Now they've even stopped filing things are so bad.
They've lost the faith of their investors for over a decade in each phase of the company's "business". They just change to a new business and sucker in new investors.
What's next - self driving cars?
TCA put up all the money to acquire Cresent and IHSI defaulted on repayments, so clearly Cresent belongs to TCA.
I imagine at some point they'll sell it back to the original owners, though probably at a loss.
Eventually TCA will end up owning IHSI as payment for the IHSI default. They'll probably wipe out the stock with a huge reverse split, issue new shares and dump again on unsuspecting investors.
LOL, if only there was some action that could be taken other than delisting.
It's a scam that was exposed and has no hope of recovering, as I pointed out 2 years ago.
I think when the price is 1/1000th of a penny and there's still no volume, "dead" about sums it up.
If only the U.S. had any authority over a company in the Marshall Islands.
Ahahaha. No volume at $.0001.
It's still good for a laugh though.
Of course anyone who bought at $.01, let alone a few $, probably doesn't see the humor.