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Less than 5 cents worth of stock has traded today. 5 CENTS. You call that accumulation?!?!?!?
OOOHH THE PUPMERS ARE BACK HHHGAHHHAHHAHAH SCAM
I second that!
That's absolutely terrible. Yet they still flaunt like they are big money. Wouldn't be surprised to see them on American Greed when this sham catches up to them. What a shame to anyone who invested.
Judging by the $1,350.00 boots that Lisa posted on her Facebook page today as a gift from Tom, I'd say they found a way.
Stick a fork in this pig. It's done.
Where's that bounce at?
Looks like this scam is on the verge of a total blackout.
I see you left MLCG...
Anyone else see that Matthew (earlyret) left MLCG? I guess even he grew tired of the scam.
Ab alio spectes alteri quod feceris
Disgusting.
THAT IS HIGHLY ILLEGAL. has the SEC been notified?
It's his 7th. Gets a new one every year.
Not sure but check Lisa's Facebook page. Tom just bought himself a brand new corvette.
I'm not sayin it's a scam...but if I had to describe what a scam looks like....
Hey where is Ron? Let's hear from Ron.
VERY TRUE
Trips by mid summer?
GOOD GOD WHAT A DISASTER. Looks like I was generous with my prediction:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113836679
They destroyed it even faster than I thought they would. UNBELIEVABLE.
DOES ANYONE STILL WANT TO STAND UP AND DEFEND THIS COMPANY? TELL ME NOW YOU SEE THE LIGHT.
84k shares dumped right outa the gate. Nice.
In my opinion, this will see sub penny by summer.
FACT: CONVERTIBLES GALORE:
NOTE 3 – CONVERTIBLE NOTE PAYABLE
On June 7, 2012, the Company entered into a convertible promissory note agreement with Morgan Wells Inc. Pursuant to the convertible promissory note agreement, the Company issued a note in the principal amount of $5,000. The note bears interest at the rate of 8% per annum and matured on December 7, 2012. The note is convertible into common stock at 75% of the lowest closing market price for the Company’s stock during the previous 20 trading days. As of March 31, 2015 the note had a principal balance of $2,500.
9
On February 28, 2014 the Company issued a convertible promissory note in the principal amount of $30,000. The note bears interest at the rate of 8% per annum and matured February 28, 2015. The note is convertible into shares of the Company’s common stock at 50% of the average of the lowest 2 trading prices during the 10 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $32,400 debt discount of $30,000 and derivative expense of $2,400. The debt discount of $30,000 was amortized into interest expense over the term of the note. The carrying value of the note as of December 31, 2014, was $5,840, net of unamortized discount of $1,126. During the three months ended March 31, 2015, the Company issued 18,480 shares of common stock in satisfaction of the $6,966 of convertible debt and $268 of accrued interest No amounts remain outstanding as of March 31, 2015.
On April 1, 2014 the Company entered into a note agreement whereby the Company issued a note payable with a principal amount of $600,000 plus prepaid interest of $60,000 and prepaid legal fees of $5,000 for an aggregate amount of $665,000. Additional interest of 8% on the outstanding balance is also incurred. The current holder shall have the right from time to time to convert all or any part of the outstanding and unpaid principal amount of this note into fully paid and non-assessable shares of common stock. The note matures on April 1, 2015 and is convertible, at the note holder’s option, into common shares of the Company after 90 days at the lower of $.0074 or 40% of the average closing price 20 days prior to conversion. The Company is to receive principal from the note of $50,000 per month starting in April 2014 and for 11 months thereafter, for a total of $600,000 of which $350,000 was received during the year ended December 31, 2014. In addition, the Company has issued warrants to the note holder which vest in equal amounts, over the 12 month period. The note holder may purchase up to 2,771 shares of the Company’s common stock at $240 per share per warrant or convert the warrants to common stock on a formula as cashless warrants. Because of the variable conversion option contained in the convertible note and the ratchet provision included in the warrant, the Company recorded derivative liabilities totaling $1,706,747 upon issuance of the note, offset by a discount equal to the face value of the funded portion of the notes, which became convertible during the year ended December 31, 2014, or $370,000, and initial derivative expense of $1,536,747. During the three months ended March 31, 2015, the Company received an additional $25,000 in financing from this note. Additionally, during the three months ended March 31, 2015 the Company issued 123,582 shares of common stock upon conversion of $37,759 of convertible debt principal. The outstanding principal as of March 31, 2015 totaled $287,441, which is carried at $286,449, net of unamortized discount of $992.
On July 2, 2014 the Company issued a convertible promissory note in the principal amount of $40,000. The note bears interest at the rate of 8% per annum and matures July 2, 2015. The note is convertible into shares of the Company’s common stock after 180 days at 50% of the average of the lowest 2 trading prices during the 10 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $43,200 debt discount of $40,000 and derivative expense of $3,200. The debt discount of $40,000 is being amortized into interest expense over the term of the note. During the three months ended March 31, 2015, the Company issued 21,770 shares of common stock upon conversion of $6,355 of convertible debt principal and $314 of accrued interest. Amortization for the three months ended March 31, 2015, totaled $10,891 and the carrying value of the note as of March 31, 2015, is $26,802, net of unamortized discount of $9,164.
On July 2, 2014 the Company issued a convertible promissory note in the principal amount of $50,000. The note bears interest at the rate of 8% per annum and matures July 2, 2015. The note is convertible into shares of the Company’s common stock at 50% of the lowest trading price during the 20 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $54,000, debt discount of $50,000 and derivative expense of $4,000. The debt discount of $50,000 is being amortized into interest expense over the term of the note. During the three months ended March 31, 2015, the Company issued 77,000 shares of common stock upon conversion of $19,000 of convertible debt principal. Amortization for the three months ended March 31, 2015, totaled $17,170 and the carrying value of the note as of March 31, 2015, is $23,101, net of unamortized discount of $7,899.
10
On December 3, 2014 the Company issued a convertible promissory note in the principal amount of $30,000 plus prepaid legal fees of $1,500. The note bears interest at the rate of 8% per annum and matures December 3, 2015. The note is convertible into shares of the Company’s common stock at any time equal to 50% of the average of the lowest 2 trading prices during the 20 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $32,400 debt discount of $30,000 and derivative expense of $2,400. The debt discount of $30,000 is being amortized into interest expense over the term of the note. Amortization for the three months ended March 31, 2015, totaled $7,397 and the carrying value of the note as of March 31, 2015, is $9,699, net of unamortized discount of $20,301.
On January 9, 2015 the Company issued a convertible promissory note in the principal amount of $111,111. The note bears interest at the rate of 6% per annum and matures January 9, 2016. The note is convertible into shares of the Company’s common stock at a conversion price equal to 50% of the average of the 10 closing bid prices during the 10 trading days immediately preceding the conversion date. The embedded conversion feature is required to be recorded as a derivative liability adjusted to fair value at each reporting date. The Company recorded an initial derivative liability of $112,514, debt discount of $111,111 and derivative expense of $1,403. The debt discount of $111,111 is being amortized into interest expense over the term of the note. . During the three months ended March 31, 2015, the Company issued 13,159 shares of common stock upon conversion of $5,264 of convertible debt principal. Amortization for the three months ended March 31, 2015 totaled $30,156 and the carrying value of the note as of December 31, 2014, is $23,489, net of unamortized discount of $82,358.
http://www.streetinsider.com/dr/news.php?id=10568441
FACT: 4000:1 REVERSE SPLIT
http://www.streetinsider.com/dr/news.php?id=10446600
FACT: CEO DUMPING SHARES-
Stock purchases, sales, and option exercises reported by insider (CEO) Nelson Lisa Anne since 2005:
http://www.insider-monitor.com/trader/cik1580265.html
FACT:
2014:
Net profit margin -8042.84%
Operating margin -5187.98%
EBITD margin -5189.91%
Return on avg assets -9002.75%
http://www.google.com/finance?cid=274748503964323
All publicly available info. FACTUAL INFO.
HERES THE PROBLEM. It doesn't take a genius to do the math:
As reflected in the accompanying financial statements, the Company had a net loss of $356,407 and net cash used in operations of $107,396 for the three months ended March 31, 2015. The Company has total assets of $50,231 and a working capital deficit of $1,106,013 as of March 31, 2015. These conditions raise substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to further implement its business plan, raise additional capital, and generate revenues. Management believes that the actions presently being taken provide the opportunity for the Company to continue as a going concern.
What's one of the strongest signs that a stock is likely to do well? When the insiders who know a company best-its officers, directors or largest shareholders-buy the company's stock.
So what does that say about the CEOs confidence in the company?
The unloading continues:
http://www.stockwatch.com/Quote/Detail.aspx?symbol=MLCG®ion=U
Stock purchases, sales, and option exercises reported by insider (CEO) Nelson Lisa Anne since 2005:
http://www.insider-monitor.com/trader/cik1580265.html
That's 69,720,000 pre split shares dumped. The biggest sell off yet since the RS