Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
There’s also no traffic jams in West Texas. Whereas 35 miles would probably take close to two hours to traverse in Houston, out there it only takes about 30 minutes. Really easy and common to live up to 50 miles away from your work out there.
Wow, I was out Friday and completely missed the pump. Maybe I spoke too soon about the paid promoters...
Oh, I forgot about the blockchain venture lol! I think the positive is that they aren’t *currently* dumping. However, I do agree that if price makes any measurable move upward we could expect a dump.
The share count status is definitely a positive! I cannot argue with that one iota.
But it’s tough to say this is the new normal from a year ago. Nothing has changed from a year ago - we still have an FDA approved device with NO sales, plus we now have TWO new departments: the pharmacy and CBD. None of which are revenue generating. We can’t just wipe away the fact that all of this started a year ago and has just declined since. If you had invested a year ago, you would have virtually no money left.
Let’s just think about that for a second...a volume of 2,500 shares at $0.04495 equates to a whopping $112.38. And doesn’t it say more about the stock that a $0.01 increase is a 44% difference? What about that value being down over 95% compared to a year ago? Shame.
Too bad this closed at 0.035, down about 22% on the day. Where were we at after the surprise R/S?
This is blatant misinformation. They have NOT made $4.17 million. You should have written it as $4.17k.
It’s pretty clear they are trying to ride what ever market is running hot. Except they miss it every time and catch it on the backside *after* the hype died down. Look at blockchain - they tried to pump it when all the OTC stocks that pivoted to blockchain skyrocketed had already crashed. Same with all of these pot/CBD stocks. They missed the boat and have a failed pump instead of selling their FDA approved device. Why is that so hard to do?
That update really moved the needle...no announcement of any sort of sales. No explanation of what they were going to do with CBD. Distribute? Produce? Who knows? Just opening a CBD division is meaningless without a business plan behind it. How about you focus on closing the distribution deal with Antah?
Down nearly 30% today. Must be a hotly anticipated update.
Another delayed update. They “need more time”. More like the pump didn’t work at all for them and they need to think of something else lol
Huh, down again today. Hope the advertised update is actually useful this time. My guess is it’s not...
It’s down another 13% today. I think that might be the proof you need...or as they say: the proof is in the pudding. And the pudding here is pps and dilution. The robo promoters are probably paid to sucker people in and provide liquidity for the toxic funding lenders.
Ha! Definitive was the wrong word to use. The word I should have used was “actual”.
“Posted July 20, 2015”
Dude, find some “new” news. Until we get some definitive sales data and revenue data this isn’t going to go anywhere. Have heard any timing on when that might be? Do you know anything about how those non-binding LOIs are working out? Genuinely curious here because it’s been pretty silent from MFST lately...
Lol, logic doesn’t apply to paid promoters. The truth is a R/S was a surprise announcement after being told that would never happen and the share price continues to fall. Share count has increased as toxic loans are the financing of choice so far and, even after a year and a half of FDA approval, there has been NO sales. NONE. This is not a sign of a positive company. It has been extremely mismanaged. This needs more than the promise of “news coming!” Let’s see some sales contracts, huh? When will we get those?
That’s like the lone positive in this stick now. It really does have a pretty favorable share structure now. If it were to get any momentum it could really pop.
Man, it’s pointless to reply to hires stock promoters. Everybody who has been here a while knows the story of MFST and those who are new only have to look at the time stamps of the “news” that keeps being posted to know that there hasn’t been anything material recently.
Yes a good “story”, but there has been no action. No sales. Nothing stronger than an LOI (which is non-binding) signed. A broken promise of no R/S. Massive dilution. And longs who believed that story have gotten toasted. This needs more than a “story”, which has been then case going on over a year now. This needs action.
You mind posting a date on that news announcement? That’s, again, just rehashed old news. This isn’t going anywhere until we get *new* positive news on sales.
Oh I get that, but he didn’t say he took out a new loan. He’s using an existing one already from the way I understand it.
I appreciate what you’re trying to do, but you’re just going around posting old news. You might want to tell your clients that if they really want to get the stock to move they’ll need to put out some better news and actually get some agreements in place. Hashing out old news is only going to send the pps down further.
Maybe I missed the toxic notes, but didn’t the letter say they were actually buying back convertibles? I think that’s why people are saying it is positive.
Was that a 5.8 million share buy? Jeez...
That’s still a Sunday. The 17th is the Monday after the 15th. Maybe we get it done early and there’s an update Friday the 14th, but my guess is Monday the 17th for when we hear news (again good or bad).
September 15 is a Saturday. I imagine the news (good or bad) will probably come out on the Monday following.
Yup, mental math is not my strong suit! But good point about the dilution...
I’m thinking the 900,000 shares are pre-split. So, 9,000 shares today. Can’t be 100% sure though.
StockHighAlert*
It certainly would explain why StickHighAlert all of a sudden became so active lol. We’ll see if this pump has any legs to it.
I hate to say it, but by promising financing by May 31 and then making no announcement to verify it, this will tank today. It’s just the market perception. No matter what you believe about the project, you cannot argue that the impact on share price today will not be detrimental.
Warrants* not warranties lol
And honestly it’s great if they got it done for cheap. I don’t see the negative in that? They are outside of the productive portion of the Delaware basin, but still close enough that producers have easy access to the refinery. I see this as a positive I guess. And do we know for sure warranties were given for “other considerations” or is that just speculation? I actually imagine that it would be a mostly cash deal because that’s the language most land owners speak in West Texas. There are a few savvy ones out there though, so not saying it’s impossible, but I just see a cash deal as more likely.
Ah gotcha- apologies, I missed your point then. It sure came across as if you were trying to claim that the transaction was for $10 and given your negative posting history, I just wanted to clear up any confusion someone may have had from that post.
Lol, fair point.
I just don’t see the need for MMEX and Trump to have a meeting. It doesn’t necessarily help either party at this point in time.
Don’t get me wrong, I’d love to see it, it just doesn’t make sense at the moment.
Yeah, he’ll be in Houston to visit the survivors of the Santa Fe school shooting. Probably not the classiest of times to try to stir up speculation of some meeting.
Just as a counterpoint to your first claim - it’s very common for the deeds and transfer orders here in Teas to say only “$10 and other considerations”. It is not required for the sellers/purchasers to disclose the full terms of the deal. The “other considerations” portion could be stock, more money, or any other form of payment that was agreed upon between the two parties. Source: I am a petroleum engineer working the Permian and routinely see this.
L2 doesn’t look as bullish anymore. Just some of y’all trying to make it come alive for power hour, huh?
Ok ok, a little volume coming in at the end of the day. That’s always fun. Unless it’s one of you whales just playing with the ticker lol