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Back in this one today. Feel the company is heading in right direction and this one doesn't belong down at these levels.
Actually my thoughts exactly. I holding funds back in case it drops to .005 but won't add any more above that level. Have plenty already.
I crossed over into the million share club today. That was my goal the day I first got into this one but didn't think it was going to be financially possible when it started running but the pull back may be a blessing in disguise for us. My million locked down tight for the long haul.
I have looked at thousands of company financials for OTC companies over the years and Medient looks much healthier than 90% + of them. Pour through the financials for yourself. Everything is on the up and up. Any dilution would be used to clean up stuff relating to 'Yellow' as that is the primary source of lingering debt and most of that is deferred until after the film is released. It might also be used to promote the movie. It could also be some debt from Atlas acquisition that hasn't been disclosed yet. Don't think they will finance studioplex with shares. Don't think they need to. Executives are not even being compensated at this point. Also, next quarterly report, Atlas will be integrated into the financials so things will look even rosier. Think the negative aspect of Atlas hitting before the positive is shown. I trust Manu, sure seems like a straight shooter and a visionary.
Like I said, volume before price. Looking for a fun May and beyond.
Let's hope they made a positive impression at the Growth Capital Expo this week. If we get some big money flowing into this one then this dilution talk will be a non issue. Look at the list of companies that presented there. Not a bunch of worthless diluting garbage companies but up and coming stars for the most part. This is not your average penny stock. This is a freakin mega entertainment company in the making here!
Volume before price folks! Look for it to start another run up very soon.
Got my .0074s now also. Didn't expect it to be this easy. Have to keep reassuring myself that this company is the real deal because the crash is kind of unnerving.
My .008s got filled earlier but not the .0074s yet.
Caught my eye. Thinking about jumping in carefully tomorrow or early next week.
I will be up to 1.5M after tomorrow. Feel very comfortable buying at these levels.
I have funds becoming available tomorrow so hoping the reversal waits just a little while longer so I can accumulate more at these bargain basement prices.
That's the way it works post RS most of the time. Company can't wait to issue more shares and start the cycle all over again.
I am adding more tomorrow or early next week. Patience will pay off big time on this one.
2000/1 reverse split
I probably would get back in at .05 but .02 would be very nice reentry point.
Many people still have shares locked up so unable to trade at this time. Once the D is removed and it trades as AXLX again then you will have a true market again.
http://www.otcmarkets.com/stock/AXLXD/profile. Looks like before split, there were 6,475,848,000 outstanding and /2000 = 3,237,924 currently outstanding.
Unfortunately, the odds favor getting screwed but you never know.
That's why I bailed the day they announced the reverse split. It is a blood bath for investors 90% + of the time. I have rode it out on several in the past and lost my shirt. I would sit and justify it as a good move for the company and the post split price would keep crashing down down down and eventually the company would bump the authorized shares up again and repeat the cycle. Now, I always bail first chance I get after a RS is announced.
Based on what information?
I am betting on his brilliance and his integrity. Stock has been hammered lately but feel they are making all the right moves and market will eventually sort it all out and price this correctly. Will be holding at least till it is back over $1.00.
He is the son of a pretty famous preacher, right?
That report is not really accurate especially for OTC stocks and here's why:
"Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know their position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker."
Totally agree. That is why I sold all of my substantial position the day they announced the RS and now am sitting on the sidelines. Much too risky right now. If it reverses at current price then it would open at .60 and by end of day it probably would be at .15 or less and continue to fall in subsequent days. The potential loss is staggering so why risk it.
Just common sense. They announce a huge PR, over a Billion shares traded and it barely moves. That tells me company pumped more shares into the market trying to get up to 8 billion before the RS. Shady bunch running things here. Be careful!
When you have 1,349,899,105 shared traded and it barely moves then that is a clear indication this thing is dead in the water with at least 6B shares floating around and very few strong hands. This company needs a RS to get the share count under control, a commitment to no more dilution post RS, get costs under control to become profitable. IF they do all this then maybe we have a viable company here worth investing in. People buying right now are mostly just momentum traders looking for a quick kill. The long term investors like myself are sitting on the sidelines taking a wait and see approach.
I think they will pin down an exact date next month but the target is August I believe.
I have funds clearing middle of next week. Hoping to pick up some more. Every time I have new funds, I research a lot of companies and seem to always end up back here. It looks better than all the rest at this PPS.
They show MDNT as a Nasdaq stock. Is that foreshadowing our future here?
You guys just don't read the fine print of contracts.
This Stock Purchase Agreement (“Agreement”), dated as of April 8, 2014, is entered into by and among iTeknik Holding Corporation (“ITKH” or the “Company” or “Seller 1”), Fredrick W. Wicks and Jeffrey Lauzon (“Seller 2” and “Seller 3” respectively), each a “Seller”, and together, the “Sellers”), and Axiologix, Inc. (the “Purchaser” and together with the Sellers, are the “Parties”), which agree as follows:
THE COMPANY IS ITKH! AXLX can do whatever they feel like with their shares including a 2000/1 RS. It is ITKH shares that are being purchased.
Doesn't mean anything if it takes $30M to make $22M except that company stays in the red and dilutes more to stay afloat.
It is going to .40 or more next week thanks to RS but will fall like a rock after that.
Because company dumping another Billion + before the RS. Don't want to leave any shares undiluted.
Last count the company had dumped more than 6B shares onto the market, looks like the PR is for dumping the rest up to 8B before the RS.
Exactly! I am on the sidelines until after RS then will reevaluate once it does the typical post RS nosedive. Seen the pattern too much and been caught in it enough in past to steer clear. The drop happens about 90% of the time so don't see it being any different here. They have revenue but have not shown ability to be profitable yet.
no message that it was not approved either. Assuming it still on.
I am assuming the shares he agreed to purchase at $0.064 per share back in February. A little over 10 million shares. He converted some money he loaned the company into shares to show he is in this with us.
Manu getting active on Twitter again:
"Re the D word - remember every $ of cash raised combines with 250+ years of management experience to create real shareholder value"
"Spent some time on the various investor chatrooms.. Amazed at the level of enthusiasm for the company!! Inspired by your passion folks..."
"Please don't buy MDNT if you need to live off our shares today.. Only buy it if you want a comfortable retirement in about 3 years!!"
"the shares are being issued this week.. the Form 3 will be filed as well.. No reason to fear - not in the habit of lying!!"
Did management disclose how much more dilution to expect? That is my only concern but its a big one. I really don't want 5B shares floating around, I don't care how good the company is.