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Where did the 0.0325 PPS valuation come from? I didn't see anything in the Q2 10-Q.
My bad. It must be complete coincidence that MMEG executed the below pref B for common exchange on the same date, 11/22/16, when the first AS increase was filed.
On November 22, 2016, the Company cancelled 53,501,800 shares of common stock originally given to Kurt E. Neubauer, President and CEO, John Pepe, Chief Operating Officer and Tim Williams, Executive Vice President of Business Development for note conversions and service and issued 122,000 shares of Preferred Series B stock as follows:
Name Common Shares Exchange for Preferred
Series B
Kurt E. Neubauer 21,250,000 42,000
John Pepe 20,250,000 40,000
Tim Williams 12,001,800 40,000
Total 53,501,800 122,000
https://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Hl5NakkHa2WAYIQE7gyj2A%253d%253d&CorpName=MOMENTOUS+ENTERTAINMENT+GROUP+INC
Management converted their common shares to pref B shares last year, which are protected from dilution. Doesn't inspire a lot of confidence for common shareholders.
AS was increased last week to 10 billion. OS is probably over 2 billion by now.
https://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=Hl5NakkHa2WAYIQE7gyj2A%253d%253d&nt7=0
I haven't seen MMEG put out an 8-k for today's PR. The PR was released by Ten Associates, not MMEG. Wonder if Ten is MMEG's new IR firm. Also, the news this morning states that MMEG "has executed agreements and completed initial funding to acquire Blackfox." This is not a done deal yet, imo. MMEG may need to raise more capital to complete the Blackfox acquisition. The PR didn't disclose the acquisition price for Blackfox.
Dilution still strong. Waiting for 3s.
It's worth a try. You never know what can happen. Good to see you are still pulling for MMEG.
I'm with you at the 3s and some at 2s on MMEG at this point. Any notes converting this week will be at a 45% discount to the lowest PPS over the last 21 trading days. MMEG's lowest PPS in that time frame was .000394 which would put the conversion PPS at .00022.
A reduction in the paid in capital is offset by a reduction in the accumulated deficit. The Q3 10Q will have the details.
MMEG never amended the par value with the prior AS increases so they are fixing this now because the co is overcapitalized. This is a big reduction of the paid in capital acct.
The company didn't issue a PR for the prior 4 AS increases they did when they took the AS from 500 million to 5 billion. Kurt Neubauer has sole voting control over MMEG and can do whatever he wants, including a RS. Keep that in mind here.
Fear is stronger than greed. Golden crosses always get tested, like this MMEG 8ma/20ma at 0.0006. That is why you sell resistances and buy supports.
Awesome news. Thank you!
Got lucky and picked up some 7s on the dip. Sweet!
Very nice chart! Accumulating as much GRDO as I can. Thanks Strukture!
GRDO someone knows something, imo.
Looking forward to it!
Give me some 7s GRDO!
Picket us some more GRDO this morning.
MMEG needs to fill the gap at .0008, may test support at .0006 before moving higher imo.
WOW this board got active today. Looking for forward to next week. Will be interesting to see how MMEG handles the .001, .0013 and .0016 resistances.
Picked up some on the dip today. Will be interesting what GRDO brings next week.
Building anticipation for the news is not necessarily a good thing. MMEG hasn't tweeted prior to a news release before.
I've always looked at 911 trades as a run for your life type of code. 411 is more of an information expected type of code. lol
Was today's T-trade sub 4? Whoever wants fours may get them this week.
Transfer agent is gagged. I tried getting info from them a couple weeks ago.
MMEG BBs starting to tighten. May see another 1-2 weeks of basing in this range, imo. I don't expect updates until the beginning of August based on the timing of PRs over the last 3 months.
My OS estimation is based on a % traded volume to account for re-sales. I estimate OS to be about 1.6-1.7 billion now. My expectation has been for OS to reach 2 billion after the dilution and Vert pref share conversions are done.
Trading volume has been 1.7 billion shares over the last 4 weeks, so OS may be getting close to 2 billion, imo.
So does this mean that the hangover party is off and MMEG will not go to $0.25? If you've turned bearish things must be bad.
So you went from "predicting" that BLDV will go to trips, then .001, now under .002? That seems like an uptrend. LOL
I sent an email to the CEO asking him to update shareholders on the status of the company. Will let you know if he responds.
The trading volume for MMEG over the past four weeks is 1.6 billion shares so far.
like the acronym...lol
If the co was planning a RS they wouldn't have increased the AS in November 2016. Plenty of room under the current AS.
There's been 1.18 billion in volume on MMEG since the June 7 OS count. If only half of that is dilution that puts the OS at 1.4 billion currently, not counting any future dilution.
OS is probably around 1.2 billion by now. I tried to confirm SS from TA this morning but they are gagged.
Blackfox and Neurofuse are still at the LOI stage, and haven't closed yet. Poolworks acquisition was written down to $2.3 million from $10 million. So, I value MMEG at $2.3 million currently.
I was asking about total MMEG company value, not PPS.