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I’m no longer on Twitter, but awhile ago I was blocked from seeing the Metrospaces Twitter feed because I asked similar questions.
Wise analysis. Facts are facts.
Don’t feel bad, we’re all bag holders here. $MSPC
I’ve sensed all along (or at least at the time of my last stock buy in 2017), that something wasn’t right about $MSPC. I knew I was probably right when they blocked me on Twitter, and then decreasing Press Release frequency, relying increasingly on tweets instead. I think we’ve all been had, and that $MSPC shareholders have been left holding the bag.
Exactly. The people that run $MSPC are either incompetent or they are scammers. While I know this stock is now under an “alternative” reporting framework, under SEC rules they would have been required to file an 8K within 4 business days. Since these are the same folks that filed a 6-22-17 8K which expressly promised current financials within 71 calendar days, which did not happen, I don’t trust them to be honest with us.
I agree. It is clear that Brito and Silva appear to likely be dishonest. Who puts out a Press Release regarding a dividend and a stock split, with ZERO DETAILS about either???? Days later, we still have no details. I have again contacted the SEC, and I hope they will investigate this smoke and mirrors operation that $MSPC appears to be.
Put succinctly.
Just the PR, nothing more. The actual details of these actions by $MSPC remain a mystery.
It seems that they would be required to state this in an 8K because a transfer agent/clearinghouse/broker wouldn’t act off of a vague and poorly written Press Release, since regulators would be all over them. If they had stated in the Press Release that an 8K will be filed soon, that would be acceptable. The fact that they did not take this very basic step only underscores the ongoing pattern of ineptitude that exists at $MSPC.
Well, this is upsetting, but hardly surprising. The documents relating to the reverse merger clearly suggested Brito and Silva were making out like bandits, while remaining silent on what it meant for $MSPC shareholders. We know now, regardless of the flowery language used.
What big reveal???? If $MSPC has something to skyrocket the PPS I hope they do it it ASAP!!!!
It looks like we are all bag holders here. The process of getting $MSPC Current looks like it wasn’t for our benefit, but simply to satisfy the other company in the reverse merger with Etelix, who appears to be fully SEC Reporting and not just OTC Alternative Reporting like $MSPC is. All we can do is wait and see, but it’s curious that they drop this on a Friday, ignoring shareholders over a weekend, and having that time to spin their next tall tale. Perhaps this will benefit shareholders in some way, but it looks like the people who run $MSPC and Etelix get a golden opportunity/parachute, while little people like us get screwed over.
Exactly. Sad. There are those on social media already making wild claims about exponential $MSPC pps growth next week, which of course nobody can actually predict with certainty. I’d like to be hopeful, but I think descendants of Charles Ponzi might be running Metrospaces, just with modern and more sophisticated methods. I might be wrong, but if these guys are legitimate, why did they fail to explain why they did this, especially since the reverse merger was done at the same time they were touting revenue growth in a company they now have a minority stake in. This may be why none of the Press Releases issued since going current have mentioned that important fact, because $MSPC management knew that they were negotiating agreements involving issuance of shares to resolve employment contracts, and they could easily foresee a potential negative impact on retail $MSPC investors and PPS. I have already filed one SEC complaint, perhaps it’s time for another.
Correct. It’s curious that all of the posters who have claimed due diligence and have faith, etc., etc., etc. are suddenly silent now. What are the assets of the other company? I find it curious that Metrospaces now owns less of the combined company than they did days earlier of Etelix—now that they have what appears to be a minority stake, Etelix has even less positive impact on financials.
So much for the supposed interview from May that we have yet to see, involving a company that Metrospaces common shareholders have less control over as time goes on, and all of these other plans hinted at months ago have evaporated. Now I understand why these sneaks blocked me on Twitter, and only filed documents long after they were due, and only after incessant prodding. In the 8K they’ve made sure they’re OK, while we will probably get zilch in the end.
Instead of letting us speculate what this means, why doesn’t $MSPC communicate with shareholders????
The supposed purchasing company, PureSnax is at .0001 and hasn’t traded since 5-8-18. So this is fake, unless $MSPC is engaged in some way.
I appreciate that you’re speaking up.for yourself.
Each poster is entitled to their own opinion. Each poster is entitled to define what “sensible” means for themselves.
Not really sure.
Some of those sells might be buys. Several months ago, I bought a large amount of shares, but the transaction was recorded as a sell here.
Exactly. Something good is always coming “soon” but never does.
The weird thing is how this gets recorded, I made a large buy several months ago, but the full amount was reported as a sell as a single transaction.
Hopefully that will be a good day for you AND $MSPC.
I believe that would be August 15th for quarter ending June 30th, since the 1st quarterly was supposed to be filed on May 15th but was late.
Respectfully, it’s not July yet.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12614806/content/html
DeRegistration Filing.
I certainly knew nothing more than anyone else on iHub, but I think Metrospaces killed the Golden Stock. On 6-22-17, while still under the governance of the SEC, Metrospaces filed an 8K expressly stating that they would file current financials, etc. no later than 71 days after June 12th (or approximately August 22nd); they did not follow through as promised, nor did they file an Amended 8K required by SEC rules. The current financials did not appear until 2018, AFTER they unilaterally de-registered the stock with the SEC on 3-9-18.
Additionally, they’ve made the vaguest claims of supposed activities with no proof. Etelix IPO=Silence; Cannabis=Silence; Real estate/winery sales=Silence.
I’m stuck down here with the rest of you hoping to make a profit, but I don’t trust them anymore. I think the market feels the same, which is why the PPS doesn’t change.
Maybe, but I doubt it, since they don’t seem wise enough. Yesterday, $MSPC missed a golden opportunity to brag to,the whole world above the FACT that they are Pink Current, instead giving us mostly conjecture and little proof of claimed agreements.
I meant that you are entitled to your opinion and I am entitled to mine. I respectfully disagree. Thank you.
You are entitled to my opinion and I am entitled to mine. Thank you.
I think you are correct. Stock performance is both substantive AND psychological. They may be managing the company, but they have lacked the competence to manage perception. They were delinquent for so long, and then they didn’t meet self-imposed filing deadlines, with only the weakest apologies in response. They then decided to get current, but did so only after multiple filings and refilings, often to correct basic errors. Now we get a Press Release that mentions supposed agreements without actual substance, and not the slightest acknowledgement that they are actually Pink Current.
I hope you’re right. If I was studying a stock and they made continued reference to activities without details or proof of actual contracts it would raise doubts. Take Vodafone for example. Since Vodafone is listed in the notes to financials I have to take them on faith, but the Vodafone websites are missing any references to Etelix, and nobody at Vodafone seems to have heard of Etelix, which I find curious.
I suppose.
I agree. What company struggles to get current, and then isn’t smart enough to include a self-congratulatory mention of Current status in the same Press Release??? While I applaud the long-awaited efforts to get Current, their failure to even mention it is simply idiotic. $MSPC
Oh I understand and I don’t disagree with you, nor was I intending to berate you. I was told by a moderator once that the acceptable posting policy on iHub is overly broad. I view these unrelated posts as off-topic, but I now choose to look the other way.
It doesn’t, but they have the right to post. There is no mention of $MSPC in most of these various extraneous posts. I think they think it fills the vacuum of a lapse in communication by Metrospaces. While I’m overjoyed that $MSPC is Pink Current, I fear they are reverting back to their old pattern of silence or idiotic tweets. Even a meatless PR trumpeting Current status would have been welcome.
My question was: Can we get the inaccurate “Yield Sign” info removed.