Movin' on up!
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MCLD ever real?
I hope the SEC takes a long, hard look at Russ McMeekin. I think he is a scammer and a liar. He had a company called PGI that had a supposed revolutionary poker chip that could not be pcounterfeited. It failed and he had no shares.
Next, we have mCLoud. Assetcare was going to revolutionize air distribution in office buildings to reduce power consumption. Claimed to have deals with Starbucks, Coca Coa, BofA, to name a few. Never materialized.
Not to be deterred, he too a picture of some Chinese guy and said he was the ticket to put assetcare in every mall in China.
After that lie, he showed us a picture with some guy wearing Saudi Robes and claimed to have a contract with Aramco.
This was to use their fictional headsets and non existent fugitive emission sensors.
Was there ever anything? Why doesn't McMeekin have large amounts of his own stock? It now trades as MCLDF and is .005.
The final indignity
They are officially delisted. McMeekin needs to be investigated because thete were way too many promises made that never materialized. He used the Progressive Gaming tactics he used in the 2000's and recreated the same scam here. He had few shares, made grandiose claims, and did nothing but collect his salary. Disgusting.
Kind of pedestrian
There is growth to be certain but certinly nothing that is overwhelming. We need something like the Yahoo/Lottomatica deal to be finalized to give us that boost we need.
Possibilities? Or done deals?
If we still get the Lottomatica/Yahoo deal and the 5D in the name signifies a deal with 5Dimes this company will grow exponentially as will the share price. Bookmaking can be boom or bust. We may be on the precipice of a boom cycle.
The NASDAQ listing should be gone soon
And this will establish firmly the absolute incompetence of the mgmt. team. Why did tbey waste the time and money. I don't know who still owns this trash but I hope they sell soon.
Anyone can screw up
But to do it twice within 20 years should be a crime. The bullshitters running this scam had virtually no shares yet never missed a check while actual shareholders lost it all. This was a repeat of what he did with Progressive Gaming Intl. McMeekin made a ton, shareholders took a bath, and creditors got pennies on the dollar. People like McMeekin belong nowhere but jail imo.
Anyone can screw up
But to do it twice within 20 years should be a crime. The bullshitters running this scam had virtually no shares yet never missed a check while actual shareholders lost it all. This was a repeat of what he did with Progressive Gaming Intl. McMeekin made a ton, shareholders took a bath, and creditors got pennies on the dollar.
Well, we are still operating
And we have gotten into a lot more places in the last few months. We will start to see it reflected in the financials soon.
I suppose
That depends on whether or not you care about the near term share price. We will not lose the NASDAQ listing and a R/S is highly unlikely due to the already low O/S and the fact that somebody just agreed to buy shares. Beyond that, time will tell and patience will be rewarded.
The funny thing is
That these board gurus tend to answer to statements that weren't made. I never said ELYS would be profitable by years end. What I said was things will look much different. If you follow this company you already know this. If we stay in development for years with no growth of course the company will falter. I don't believe that will happen.
I wonder
If you will be as eager to admit how wrong you were about this stock in 6 months as you are to talk about how hopeless it is? I doubt it.
Special Committe for Strategic Alternatives
What a load of bullshit. These grifters are doing nothing but trying to stall to maybe avoid the future SEC investigation.
Yep
And the company expects the deal to be done in Q3. The Illinois sports bars deal may happen soon since they just got their certifications for the system in the U.S. I think the Lottomatica deal will open it up for us once it is in play.
To me
We are treading water until the Lottomatica deal and the Illinois sports bars producing. It isn't bad but certainly not earth shattering.
Earnings soon
I hope that there is a reason for the buying. This stock has a history of accumulation over time and a sudden rise.
Cease trade order? What a joke
None of these frauds ever invested anything substantial into common stock. A cease trade order means nothing if they own no stock to speak of. They should protect the public and hit them with a company CTO and not just against a couple of con men.
Strong demand....ROFLMAO
Another thing I noticed
They started out doing office building air exchanges/purification. Covid happened and I foolishly thought this was perfect. Their website had Safeway, Starbucks, Chevron, etc. as if they actually did business with them. As we see, there was not any real office building thermostats and air cleaning.
Trendy windmills in China was next and they had a picture of some Chinese guy saying he was President of malls and windmills in China.
We next hit on fugitive emissions. That is a problem that has vexed refinery operators forever. MCloud claimed to solve this problem but really did nothing. There were headsets never proven to be real and pictures with some dude in Saudi Arabia. Throw in a couple of EV chargers and a BS PR about Mercedes and thats it.
In other words....I see nothing but a scam and I hope McMeekin burns for it. This isn't the first time he has sold shares irrationally.
What a waste
The CEO should have already resigned and should be under criminal investigation. I seriously doubt there will be any filing anytime soon since it would be looked at very closely. They literally waited until they ran out of time. I wonder how many of the claims of headsets, Chinese wind farms, Saudi refineries, etc. was true?
What a waste
The CEO should have already resigned and should be under criminal investigation. I seriously doubt there will be any filing anytime soon since it would be looked at very closely. They literally waited until they ran out of time. I wonder how many of the claims of headsets, Chinese wind farms, Saudi refineries, etc. was true?
Any updates on the financing?
Russ really knows how to enhance shareholder (his own) value.
Something will happen ahain
With this stock. It follows a pattern that is in motion for the 3rd time. One or two buys a day, with some no buy days, and those 2 daily purchases range from 100 to 100,000 shares or more. If you own it, be alert. It won't be long.
This stock
Is actually further along than it was at $6. With a stock like this if you have done the research and made an informed purchase you should not ecpect this to be an overnight double, until it is. This has always been an investment not a quick hitter. Stay the course and you will be happy ypu did.
Well.....
We are back to erratic, even number of share sales that are, most likely, a single person or small group. There will be another move up fairly soon.
Look how much it jumps
Just on the mention of a potential, future venue. Just wait until >100 venues are announced in Ohio. NY is in play. There are rumors of a Yahoo partnership and also the Lottomatica deal, which is huge. The future looks great!
Incompetence and self-dealing (eom)
The best way to manipulate someone and con them is to give them just enough to pay attention but be vague enough to claim plausible deniability. That is what happened to me. Everything he promoted made sense to me based upon prior experience. In my opinion, Russ is a con man. A confidence man. A grifter. I could be wrong but 20 years of experience, between Progressive Gaming Intl. and Mcloud, leave me confident I am on the right track. I hope I am wrong and he pulls a 4D chess move out of his ass and you all get rich but this is unlikely imo.
I'm so clueless at times
That I bought in knowing all about his history at Progressive Gaming and how incompetent and what a bullshitter he really is. I worked in the petrochemical/power industry for over 20 years so I really understood the potential here. It quickly became obvious that his claims are dubious or every refiner would want what they are offering. Clearly few people do. I dropped $20k on this and it is clearly among my 2 or 3 worst buys ever. There is no real reason to own this stock.
Damn
I missed the whole thing. I am minding my father in law who is at the last few months of his life and he had his worse day yet so I couldn't even look at my phone until it was over. I'm retired and my wife works so it is left to me. Until next time.
This is what amazes me
Somebody just was perusing the barely traded stocks and said..."I think I will drop $80k on this company"? Hard to figure.
This financing situation
Does not look good. If they cannot close the deal due to lack of interest they are done. McMeekin is simply incompetent. The BOD are truly a bunch of useless nitwits. Which one has done a damn thing for this company but collect a hefty salary and screw up what they had? Does anyone know why these dumbasses even bothered to uplist? It did nothing for them but cost them a lot of time and money. They should sell this tech to a real company who can use it properly. This is a joke.
In Feb. 2020
I was excited. They were promoting "Assetcare" which manifested then as office building/casino HVAC control. They touted massive energy savings. I was excited. Covid had just started and we specialized in keeping office buildings circulating multiple air exchanges and managing all thermostats. Ideal for buildings needing maximun circulation. 6 months later....not a whisper about it. They had moved on to fugitive emissions. In my opinion, they are full of shit and doing nothing but making money for themselves at the expense of shareholders. Fuck them. I hope they are prosecuted for fraud.
It shouldnt be this difficult
To know what the hell McMeekin and the rest of the grifters are doing. Why is there a need to wonder. If this keeps going the way it appears a shareholder lawsuit would be in order.
I should have checked EDGAR.
I get so used to seeing them pop up in the news feed that I just look there.
I believe the financials are due today
Sep.1 would be 15 days from the due date. Hopefully we will see some improvement.
I am anticipiating that we will begin to see
The beginnings of real growth in Q4 with the deals accelerating throughout the year 2023. I believe that in 6 monts this company will be on a nice trajectory. We shall see.
When the next R/S comes
The preferred shares will not be affected I am sure. This gets me to my next question. Why doesn't Russ buy shares in his own company? How much skin does he have in the game? None to speak of. Isn't it odd that the company is over 90% retail investors? The onerous terms of this last financing tells me that their ability to raise money is getting very limited. In my opinion this company is circling the drain and the only way to fix it is to have a competent CEO.
If it weren't for the fact
That Russ has done this before I may agree with you. Many of us will remember a couple of years ago when the share price was around $3.00 and he said in a CC that this was a billion dollar company. No, in my opinion, all of this points to a self-enriching, double dealing vagabond who NEVER buys his own shares but will gleefully cash his checks for being such a transformative CEO and sell said shares to unsuspecting dupes like us. Rethinking, reimagining how to get rich at shareholders expense. I could be way off base but I seriously doubt it.
Not a good day
6 months to get the stock price up and a reverse split is mentioned. Getting sued by UBS partners. Why? This is really starting to look like someone is asleep at the wheel. We are far worse off now than the depths of Covid.