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.
1.7m volume in an hour, is this a sign that dilution is over?
I do honestly believe that this will eventually run. However, if someone wanted to buy - there are plenty of shares sitting there for purchase. There is no shortage just yet or else the PPS would reflect that through supply/demand.
I'm not selling my shares by no means, but I do believe we are sitting at the bottom surrounded by plenty of shares available for purchase.
hardly any volume this morning, the constant dilution seems to be taking away interest which puts our "run" even further away.
I can't see how the company keeping the PPS down can help them raise money for more funds. Noone is going to want to buy a stagnant stock with threats of going even lower.
Any idea when the next PR is coming out? Hopefully it has a positive impact on the PPS. Last time we got what we thought was good news but the market reacted negatively.
I just hope MMEG doesn't mess around and scare off potential buyers with this constant dilution. The company seems to be legit and keeping their filings current is always a good sign.
The wall has now moved to the 4's, definitely not a good sign.
I will pass the shares down to MY GRANDKIDS I ain't going nowhere
Someone please gobble up those 103m @ 0005. It's only $51k worth
That is EXACTLY right. These ask walls are serious, hard to motivate me to average down when I know it's not getting past 0005 for awhile. I will gladly average down @ 2/3 and attempt @ 3/4.
Still awhile before this takes off IMO
Can someone point me to the page number that shows the shares are valued at .03??
I thought it showed the shares being valued @ .001
I hate to, but I have to agree. The only real positive I saw was that they have around $20,000 in cash on hand right now.
Looks like it all fell apart when they bought Poolworks:
pon the purchase of Poolworks (Germany) Ltd. on February 8, 2017, in which they had an old outstanding intercompany payable of $43,638,999 to one of its former owners that consist of $34,061,074 payable and $9,577,925 in accrued interest on this payable, the Company recognized goodwill of $40,574,273, but subsequently recorded an impairment of the goodwill since these payable amounts to the former owner are not realizable. Due to the assumption of an old outstanding V.A. T. assessment by the Berlin Tax Authority, the Company recorded a $692,550 tax liability, which was recorded as impairment to goodwill.
Which right below that, shows that it (poolworks) is operating at a loss of $97,000.
from PAGE 11
I thought the 10Q was a lot better than what I expected. There is still an ask wall @ 0004 though that is holding it back.
Looking forward to 10Q. Hope it comes with news like someone else mentioned, that might give the ask the boost it needs. The ask walls need to go asap or this thing is in a deadlock
Found it:
The Company amended its articles of incorporation to authorize an aggregate of 10,000 shares of Company Series C Preferred Stock. The Company’s Series C Preferred Stock:
*
does not pay a dividend;
*
has a stated or liquidation value of $1,000.00 per share, or an aggregate of $10,000,000, as to all shares of Company Series C Preferred Stock;
*
upon liquidation or a sale of control of the Company is senior to the Company Common Stock;
*
provides that upon the occurrence of a “conversion event” (defined as the listing of shares of Company Common Stock on a “qualified stock exchange” (as defined)), the Company Series C Preferred Stock shall automatically convert into 66,783,870 shares of Company Common Stock, or such other number of shares of Company Common Stock as shall represent 20% of the Company’s “fully-diluted Common Stock” (as defined) on the date of conversion; and
*
votes with the company’s outstanding Common Stock on an “as converted” basis;
I would also assume "net loss" on the balance sheet would reflect the goodwill obtained from acquiring poolworks and it still shows 40m+ in loss.
Their goodwill should go up considering they just bought blackfox.io, I can't wait to read the next 10q now after digging into this a little deeper . In the end we can speculate all we want, but the financials will show whether this company is currently undervalued @ pps or headed even further into darkness.
So Vert capital, if true accepted 990,000,000 (20% of the 4.95b shares) instead of 10 million dollars in the acquisition of poolworks.
That would mean their shares right now are worth $396,000. I doubt they are very happy with the PPS at the moment either unless they have already dumped them.
Even @ .001, accepting 20% of the shares wouldn't even put the value of the shares at 1/10th of what they turned down.
Which filing shows that they took percentage of shares over 10m in cash?
I honestly don't think anyone is going to slap the ask. We had a few good days of speculative buying on the ask last week but I don't expect much after Friday until that 10Q is released.
The problem is, if it's looking bleek after the release of the 10Q - we could very easily see an increased drop in PPS which at that point noone is going to buy anything over 0003. If that 10q doesn't show improvement with the companies financials, the bid will be done for and the 2's and 3's become what you would want to avg down with. Noone is going to average down with 4/5's at this point. I'm surprised we've seen the volume we've saw already.
You are exactly right and I'm sorry, I completely misread that.
In that case, the 10Q is due tomorrow the 22nd!
The 15 business days starts the day the NT-10Q is filed, which if you look at the document it was signed and dated August 15 2017. I'm not here to argue over when SEC filings are due you can do your own research but I'll post my source below.
As I said, September 5th should shed some BIG light on where we stand as shareholders without any fluff involved.
Source: http://www.investopedia.com/terms/s/sec-form-s-2.asp
After submission of the SEC Form NT 10-K, the company must then file its 10-K within 15 days.
Read more: SEC Form NT 10-Q http://www.investopedia.com/terms/s/sec-form-nt-10-q.asp#ixzz4qP3DMIXM
Follow us: Investopedia on Facebook
OK since no one wanted to answer my question, I looked it up. They filed the NT-10Q on 8/15/17. A company has 15 business days following the NT-10Q to file their actual 10Q.
So their 10Q is due on 9/5/17, we should find A LOT about where our money is going and how the company is doing financially at that point. The balance sheet and financials should cause a reflection in PPS.
Looking over their last 10Q, their revenue was around $33,000 while operating costs were around 44m putting them at a net loss of around 40m. If their next 10Q shows improvements on the revenue and a decrease in net loss PPS could go up. If not, then the company is probably valued accurately.
Time will tell, anything else is speculation or possible BS cause the numbers don't lie. If this stock's PPS is to go "North" as we all love to preach, then the financials will need to show BIG improvement.
Does anyone know when the next 10Q is due?
When is the 10Q due by?
On the plus side, the volume today is almost double that of yesterday.
How I feel about $MMEG right now. Not one fuk given for shareholders! No good PR's in months all POS and diluting to death @momentousent13 pic.twitter.com/BzpiLtzHVF
— Bobby Blabby (@onlytruthguy) August 17, 2017
Problem with that, is yesterday's volume was mostly buys. This mornings dump has already well matched yesterday's buy volume.
You are exactly right dramatrader - anything can happen and I'm holding long as well but I promise it's not by choice. I'd much rather put my money to work in another stock but it is what it is.
If nothing else, it will get pumped again in 6mths and you can make your money back or maybe even a little extra profit. But honestly that is the only hope left for this, a future pump.
I hate to say it, but this will more than likely see 2/3. Holding until next run but checking out of the bs on this board
The ask growing is only creating a bigger wall for movement upwards
If you lost your money in this stock suck it up and move on, you are doing nothing good for current or potential shareholders. #tearsarereal #soreloser #findanotherboard
The lack of volume today is the only thing that worries me. Yesterday was 355m and so far today we are only at 30m.
People are seeing the dilution and being scared away
absolute confusion!
On the one hand you read people on this board saying "keep the faith, everything will be good in due time. Do your DD and you will believe". However if I was going to go long in a company and really "believe", wouldn't it make more sense to invest my money into a S&P500 Co.?
I've read all of foxtrader and marxby's posts over the last few weeks and they really make me feel good about my money being invested, however every time they make me feel good; The company turns around and makes me feel horrible.
I understand that acquiring an ad company will not only generate revenue but also save them money by not having to PAY an ad company for themselves. However I'm confused as to why the acquisition of such a company would cause the PPS to move DOWN instead of UP. I'm honestly interested in what is REALLY going on with these ask walls standing so tall keeping the share price from moving upwards. I find it hard to believe that news would have people wanting to sell so low.
Someone please shed some light.