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Careful with that strategy you'll load up millions of shares and it will require not only a jump but demand for shares and those willing to buy up the millions you're going to want to dump
2.6million shares on the ask, looks like one of those conversions is collecting. Anyone read if there was a lockout on those debt converted shares?
I had my order placed a few days ago before it dipped to the low .003's, below my order. Then it came back up and started the run, without ever filling my order. This isn't the first time with Scottrade though. It always seems to happen if I place my order through the mobile app instead of webpage and has cost me thousands. Extremely frustrating.
Pissed at scottrade for screwing up yet another order and not filling at .0039. But still enjoying this run nonetheless. Enjoy the next 45 mins til closing - could get very interesting!
Doesn't need a reason for a stock with run history like this. Fell back almost to the 52 week low and then out of nowhere is running up. But the cash amount per day isn't significant - someone with enough money could easily have manipulated this to get it started on a run and be waiting to dump. Everyone with their eyes on this thing is jumping on "just in case". The more jumping on board so they don't "miss the boat" the more it seems like it really is taking off. Eventually if there is no news it will slowly (or sharply) drop back down as buying interest dies off with the others waiting on actual news to pull the trigger in fear of being left holding the bag on another pump & dump.
But if Real news (even minor news) is actually released this thing could easy jump
I tried to buy 500,000 shares at .0039 but stupid Scottrade never filled the order even though PPS dropped to .0035. This has happened countless times with Scottrade, you'd honk I would've changed services by now and typically when it happens within a few days I miss out on 50%-75% gains if not more. Sigh.
Kasian Franks Linked In: We're launching a space craft and shopping for private companies to do this for us in conjunction with another product we are working on here at Pimovi - http://pimovi.com
Yes, I do. Canned email sent out to anyone who emailed him. It didn't answer several questions I asked and never received another reply to my follow up to it either.
Ben and any staff who are hanging on aren't getting paid unless more stock can be sold. I'll give it some time, maybe listen to the CC and who knows, maybe hop back in down the road but for now I'm going elsewhere to making my original investment back.
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It held in the high 30's for a good 6-8 weeks after coming down off the Microsoft spike so there's a lot of us who bought in around the same price.. Now it's a matter of when are you getting out?
Sold my last 50,000 shares this morning at .0775. Hate to take an 80% loss - but that's what I get for ignoring all the signs for the past 9 months. Best of luck to anyone who's going to wait and see what happens under new management but Kasian's email and Sharerf's quoted statement where he expressed his excitement and interest in the access he now has to the public market for "growth capital" -further dilution.
Considering it took him month's to add anything in regards to Pimovi, definitely
Kasian's updated his LinkedIn profile to reflect he's no longer associated with Mimvi though
I received the same canned email yesterday morning & tried following up with more questions but never received a reply. What really pisses me off is his acknowledgement they screwed up, he knew it and "jumped ship" as 236 has been saying and since then while gifting and selling shares wiping his hands of Mimvi continuing to tell shareholders to "hold the line", "multiple flags planted at Microsoft", "great developments at Microsoft", etc. now that the acquisition and his resignation are complete he's willing to say what he did in his canned email.
Yes, he's working with great minds at Pimovi and they have financial backing in a private company but after Seeqpod going bankrupt and this Mimvi fiasco is anyone willing to gamble on him again?
Well, here's your latest share count 236
Following the closing of the Merger, there were approximately 111,966,709 shares of our Common Stock issued and outstanding.
Form 8-K for MIMVI, INC.
2-Jul-2013
Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition
Item 1.01 Entry into a Material Definitive Agreement.
The Merger
On July 1, 2013 (the "Closing Date"), Mimvi, Inc., a Nevada corporation ("we" or the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") whereby the Company's wholly owned subsidiary, Adaptive Media Acquisition Co., Inc., an Oregon corporation, merged with and into Adaptive Media, Inc., an Oregon corporation ("Adaptive Media"), a company engaged in the business of Internet, mobile, and video advertising (the "Merger"). On July 1, 2013, the parties executed all documents and filed the Plan of Merger with the Oregon Secretary of State. Upon consummation of the Merger, the Adaptive Media shareholders were issued 33,500,000 shares of common stock, par value $0.001 per share, of Mimvi constituting approximately 29.9% of the outstanding stock of the Company. The current shareholders will retain 70.1% of the Company. Specifically, each Adaptive Media share was converted into the right to receive 3,350 shares of Company Common Stock. In addition, the Company entered into a Put Agreement with the Adaptive Media Shareholders granting them the right to require the Company to purchase from them up to their pro rata portion of 5,500,000 shares, subject to certain limitations. The Merger caused Adaptive Media to become a wholly owned subsidiary of the Company. The Merger was subject to customary closing conditions. A copy of Agreement and Plan of Merger dated July 1, 2013 is included as Exhibit 10.1 hereto.
The Company intends to file financial statements of the acquired company, Adaptive Media, in addition to pro forma financial information, in an amendment to this Current Report on Form 8-K. Upon the closing of the Merger, Michael Poutre resigned as the Company's Chief Executive Officer and Director and Kasian Franks resigned as Chief Visionary Officer and Chairman of the Company's Board of Directors. Qayed Shareef was appointed as the Company's Chief Executive Officer and Director.
The foregoing description of the Merger and related transactions does not purport to be complete and is qualified in its entirety by reference to the complete text of the Merger Agreement, which is filed as Exhibit 10.1 hereto, and the Put Agreement, which is filed as Exhibit 10.2 hereto, and which are incorporated herein by reference.
On the Closing Date, we entered into an employment agreement with Qayed Shareef (the "Employment Agreement"), whereby Mr. Shareef agreed to serve as our Chief Executive Officer for a period of three (3) years, subject to renewal, in consideration for an annual salary of $120,000 and an Indemnification Agreement. The shares of Company stock that Mr. Shareef is acquiring pursuant to the Merger are also subject to a Leak-Out and Lockup Agreement (the "Leak-Out and Lockup Agreement"). The Leak-Out and Lockup Agreement, Employment Agreement, and Indemnification Agreement are filed as Exhibits 10.3, 10.4, and 10.5, respectively, which are incorporated herein by reference.
Also on the Closing Date, Michael Poutre, our former chief executive officer, entered into a consulting agreement (the "Consulting Agreement") with the Company. Mr. Poutre agreed to advise the Company during its transition in exchange for cash consideration equal to $15,000 per month. In addition, the Company will, within five (5) days of the Closing Date, issue to Mr. Poutre 500,000 shares of Common Stock and a three-year stock purchase warrant to purchase an additional 500,000 shares at an exercise price to be determined. The Consulting Agreement is for a four (4) month term, with an automatic monthly renewal provision. In connection with the Consulting Agreement, the Company and Mr. Poutre also entered into an indemnification agreement. The Consulting Agreement and Mr. Poutre's indemnification agreement are filed as Exhibits 10.6 and 10.7, respectively, and are incorporated herein by reference.
Following the closing of the Merger, there were approximately 111,966,709 shares of our Common Stock issued and outstanding.
The shares of our Common Stock issued to the Adaptive Media Members in connection with the Merger were not registered under the Securities Act, and were issued in reliance upon the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the "Securities Act") and Regulation D promulgated thereunder. Certificates representing these shares will contain a legend stating the restrictions applicable to such shares.
Changes to the Board of Directors and Executive Officers
On the Closing Date, effective upon the closing of the Merger, Michael Poutre resigned as our Chief Executive Officer and Director and Kasian Franks resigned as Chief Visionary Officer and Chairman of our Board of Directors. Pursuant to the terms of the Merger Agreement, Qayed Shareef was appointed as our Chief Executive Officer and Director.
Qayed Shareef, 37, has over 12 years of experience in digital marketing. Prior to founding Adaptive Media, Mr. Shareef served as the Executive Vice President and General Manager for Traffic Marketplace's ad network, where he managed ad operations, campaign management, publishers, and business development. During his tenure, the network consistently ranked in the top ten networks for reach, while working with both Fortune 500 advertisers and comScore top 1000 sites. He helped launch Traffic Marketplace's first mobile network in 2008, which produced 20% of the network's revenue by 2011. Prior to his role at Traffic Marketplace, Mr. Shareef co-founded and was the Chief Operating Officer of Premier Group . . .
So who wants to talk about the amazing things Mimvi is doing with Microsoft under the NDA that doesn't allow Poutre or Franks to discuss Microsoft?
I've seen the CHAG FT filing but missed the Mimvi one. Can you post the Mimvi filing, 236?
Thanks
It's usually dead on weekends - seems everyone stays away from the boards if the market isn't open, they're not at work or there's no recent news.
Kly, I don't recall hearing anything further on this or any other deal regarding Launchpad after this announcement. The announcement itself was very value - "6 figure" "company for large box chains", etc
My first assumption was they realized anytime something comes from Poutre the stock dives & his word carries no weight any longer
Dear God, don't ask that. Anytime someone does we lose at least 15-20%.
Kly,, prod him for more info. Pretty awful response from Kasian to keep our hopes and desires for Mimvi alive. When are they going to (1) use the blog (2) to provide us actual factual company updates? The older posts they did post are being revised or deleted outright, deadlines missed, partnerships quiet & not seeming to produce anything, not a peep on the Microsoft front since last September after being told by management they would release details within 6 weeks of the PR, etc.
If it was a purely Mimvi production I wouldn't be surprised if it got pushed back several more months (& without a peep to anyone) but I'd like to think Entrepreneur Media is right there with Mimvi pushing things along to meet a set deadline. I wouldn't think a large company like EM would want a black mark like this on them. They allowed June with an announcement of company in May to be printed so I'd think they'd do all they could to ensure the deadline was met. All I know for sure is I'm sick of all the missed Mimvi deadlines/timelines. It's killing the PPS.
Mimvi can't even afford to do what they're currently trying to do. Kasian got funding at Pimovi so he's doing the other business there. He owns shares in both companies (yes he gifted some Mimvi but still has holdings) and Pimovi signed a revenue sharing agreement with Mimvi so he benefits on both sides as well as shareholders if or when any revenue is actually realized.
For once I share your sentiment. Since I bought this some of my other stocks are up almost 350% whereas I'm down 75% here. Still holding waiting for things to turn around...
Which was kind of sad that they couldn't even keep up with the Bi-weekly posts. They're pretty consistent on their Facebook page, unfortunately it's just a suggestion every few days to do a search on a specific topic using mimvisearch.
Anyone notice the app's 4th screenshot is of Mimvi and says 27 employees?
Did I miss the TrepLabs announcement in May of the developers? I've been waiting and searching for the announcement before the June launch but haven't been able to find it. Can someone provide a link?
Newelong, I anticipate the same thing since their first announcement of actual revenue wasn't until 4-2-13. This is what they did last filing also. Filed extension then released the news on 4-2-13 to try to subside the effects of the filing.
All the PR's supporting revenues were in 2Q13. My opinion we won't see any revenues in this filing but will in the next one - from the 6 figure deal (depending on the structure of the deal), and the 2 acquisitions plus any other revenues from other sources. Could be small but in any instance there will finally be a positive number for reported revenues come 2Q13.
Wednesday, May 15th
You first criticize Mimvi claiming they're doing nothing at their office and are a scam. They begin announcing every move (they're allowed to - as far as we know) in this chess match - including all the pawns we've read about the last couple of months and you criticize that. I personally can't wait until some solid significant news is released and how you respond when it's announced or confirmed by another company. Even though the partnerships and news to date (except for Microsoft) has been announced and confirmed in PR's by the other parties also you've held strong to your claim of scam company.
I'm pretty sure the 1Q13 filing will probbly show nil on revenues again but know they'll finally be posting some revenues in 2Q13 with their website acquisitions and their "6 figure deal". They built the wagon, now they're pushing it up the hill and every few feet we get more and more people pushing the wagon up the hill.
Newelong, even though I also interpret the quotes you used in your post the same as you they're vague enough to be open to interpretation by anyone depending on their position and without solid proof for either side it's speculation by both of us. However, I personally feel with all the other support out there - things you've mentioned, other partnerships, products, Mimvi PR's that our interpretation is probably correct.
I will also add though the announcement last week of Microsoft and Quixey's partnership and app was bothersome to read about while Mimvi and Microsoft are in a partnership - why wasn't Mimvi given the opportunity to create this app. We've got the recommendation, seems like a logical jump for Mimvi to be able to produce the app as well. Maybe they've got Mimvi so busy on other projects Mimvi didn't have time to produce it or it was small in comparison to what else they're working on..
Reputation - number of inbound links from external websites to the Alexa tracked website
With the fast increasing Alexa rank we've had a number of skeptics claiming click fraud. Even though it's possible it would be difficult to keep the ranking increasing and not eventually plateau. I,be also questioned if there was click fraud by management and Mimvi "consultants" then how has the global rank been growing also? I came across these:
http://www.seoclerks.com/Other/407/Give-You-100K-of-Global-Visitors
http://www.webcosmoforums.com/social-network-marketing/34260-how-do-increassed-alexa-link-reputation.html
Don't interpret my providing these links as admittance I believe the fraud claims but just that it is possible. The actual growth can be supported by the reputation or number of inbound website links (over 200), consistent news (every few weeks), blogs, providing the Mimvi search box to external websites for free, etc. This support makes just as much sense if not more than click fraud. A company not doing any of these things would not have a reason for the Alexa growth but all the things I've listed Mimvi is doing are all things tgat will grow the Alexa ranking.
Rankings for "Q" - Q is Quixey, Mimvi's believed closest competitor. Quixey landed a deal with Sprint and now is in the news partnering with Microsoft to "Switch users from Android" with the new partnered app between Quixey and Microsoft. Since Microsoft is supposed to be Mimvi's big partner this makes comparisons between Mimvi and Quixey an even bigger deal. Comparing the companies it's generally been believed Mimvi has better search results but Quixey has had a higher Alexa ranking. Mimvi is set to surpass Quixey soon on Alexa ranking, has generally accepted better search results and from news releases Mimvi is setting themselves up for even more exposure and company/product growth with website acquisitions, partnerships and product developments.
Fraud or scam claims can be made since there can usually be 2 sides to every story and Mimvi to date has had no reported revenues and has continued issuing shares. However, in the company development stage money is spent before money is made. We've all seen the moves for development and soon the money spent will turn into money made. The question is how moch and how soon and how quickly will the company grow once we transition into the growth stage.
I definitely see it as an advantage over the current simple search ability. However, imagine how much greater it would be if you could always narrow down your search for what you're really looking for and then be given relevant recommendations based on what you were truly searching for.
IOS is "ok" currently with its "category" search option but overall I feel searches are significantly lacking. Providing an advanced search AND recommendations would blow all competition out of the water.
I've always found it amazing how you speak for everyone when it's your personal opinion. Personally if Mimvi search (or any other search) offered filters to make my app searches easier I would use them over the base platform search immediately. Claiming there's no demand out there for a search app or search company is so far from the truth, but it does require something innovative that offers something different to improve the search experience. If it doesn't do that then no, there's no demand to change.
Ok, then can you provide Tobin Smith's promotion to download the Android app since the release of the app on googlePlay that you're saying caused the 50,000 downloads?
Can you explain their promotional campaign to download the android app?