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Thanks for your efforts!
I received the same notification. It seems like a wasted effort unless they can somehow get through this litigation. If not it is just rearranging chairs on the titanic. I hope for the best but it will take a miracle at this point.
The only way it goes away is with results going forward.
He could also just as easily not!
The examples you use are of other entities that mislead their shareholders/investors. It's hard to interpret data when you are being lied to. Not sure what your point is?
So as long as someone makes money, it doesn't matter even it's because of misinformation? That's a great way to look at investing.
"Over the years, our company has had successes, and learned a few hard lessons about what it takes to succeed in the Public arena. That experience has led us to our core business philosophy. We are truth tellers. Which means that whenever we consider a potential partnership, we start by providing a clear, deeply researched evaluation of the company’s current and potential prospects. Good and bad. It’s not always a pretty picture, and the process will sometimes end with a decision to walk away. BUT, if you’re looking for honest unfiltered insights, and the chance to explore a potential growth partnership, then we’re here to assist with strategy, experience, and acumen in the public sector."
"Truth tellers?" That statement is comical giving the track record of BS this company has produced. A leopard generally does not change it's spots.
He responds every time I reach out. I am sure he will to anyone who tries. This was the update that I received today:
"Our pre-motion conference for our Motion to Dismiss is 2/27.
We continue to work with our JV partners to finalize the structure of the ventures and bring in the funding. We should be able to announce something shortly."
I am sure that on the advice of counsel, he can not elaborate further.
I reached out today and this was the response I received to my two questions of 1) Any news you can share? and 2) What is the status of the SEC action?
"We’re still waiting for the approval from our JV partners to start making announcements. We’re hoping to put out news later this week or early next week.
We have two more weeks to respond to the SEC allegations. We will be filing a motion to dismiss and will defend ourselves against this SEC over-reach."
Everyone can make their own decision on how to proceed. I am holding my shares to see where this goes.
That's fine. Let's see what happens and then we will know. That is how due process works. A person is innocent until PROVEN guilty, not guilty and sentenced to prison based on a civil complaint.
Ignorance of the law? How about due process? You already have him guilty of criminal charges and being imprisoned.
Then why the reference to him wearing "orange?" That is disingenuous at best and flat out slander at worst.
Additionally, in my experience government agencies such as the CFPB or the SEC settle most civil cases with fines and are then closed and not pushed forward for criminal investigation.
Is this a civil matter or criminal?
Yes, hopefully they can move forward soon.
It will be interesting to see what happens. Any time a person or product offers non-traditional medical options, the system fights it.
People can believe what they want. I just checked in with Rik and this was his reply "Things are progressing, but our hands are tied. We can’t release news until our JV partners authorize it. We’re working with them to get something out this week."
By the way, he has never not responded to me. I choose to wait and see.
Agreed. Hopefully for shareholders he can perform.
This was Rik's reply to my request for information today:
"We’re working with our JV partners to get some news out over the next few weeks to update everyone. All good stuff."
What continues to be lost in the conversations here is the fact that there is a real product here...and it really works. I used it this morning. It is the only way I can endure a 5 mile run at my age and with my knees. Management may be less than ideal, but the product works!!!!
The problem is that PR's without substantiation are worthless going forward. We need signed JV agreements, not hyperbole. We need friendly financing information confirmed not "in the works."
As I mentioned, I am long in this stock and hope for the best, but I am definitely not quitting my day job.
Based on the current trend, why would anyone hit the ask? This stock has a trend that shows no indication of turning north. We clearly have not hit bottom yet as we continue the march towards triple zeros. Sucks for us long shareholders, but it is the reality.
Let's see if is a sustained "green" or just a short term paint job!
Not falling? The 90 day chart looks like a ski slope!
At the decline we have seen this week, and without out some significant news, a return to triple 0's looks inevitable.
Stay tuned. It can turn north just as fast as it turned south. Just games being played.
This may have already hit the bottom. Nothing in the filing will scare a person who understands market cap and the potential of all that we are waiting on. This is the first time in the history of this stock that there are legitimate options with the potential for non-toxic financing. When this runs, there will be no catching it! IMO
Sources? That's rich!
It's insane for anyone to sell this stock in the .002's. That is leaving so much money on the table with all that is yet to come. IMO
Why would anyone buy this stock at this point given the list you just posted? I understand selling to get a tax write off.
Someone wants shares! 9 million at .0017
I just ordered Nyloxin for my wife's chronic pain. It is a real product and it really works. This is not a scam or joke company like many stinky pinkies. Have there been mistakes in the past? Yes! Is there going to be dilution? Yes! BUT, if dilution brings the needed money and stability to allow for growth, then in the end ALL stockholders will win.
Just a note on dilution. Almost every company has ongoing dilution. Major corporations all have stock options and stock bonuses as part of their compensation packages for their employees. As a result, their value is constantly being "diluted" but in most cases their stock prices continue to rise because the value is there.
I for one am willing to wait and see what this company becomes now that it has (as announced) better financing options and a clear direction.
JMHO
Somebody really wants in as well!
I'm pretty sure everyone understands that there is risk in buying this stock, but the reward if it runs again could be worth it. Hence, we all have to decide what we are willing to risk.
Looks like no one covered 20 Million under .002 today. Just saying
Not just cover, but cover under .002. Can't wait to see that happen :)
It must be so bad that they cannot even sell the shell.
Friends don't let friends buy more MCIC
There has only ever been talk with this stock...a lot of talk in the form of bogus PR's with not one follow up.
So $50 million was spent to do some road work and pay for permits?
Mike was legit, but the scam part was the $50 million that was supposed to be put up for 100 million shares. How did that turn out?