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.
Lock up your shares folks (limit sell order at very high price- good till cancelled)
I have a feeling the next couple weeks are going to be fun
$MGCLF$
If he was trying to transfer to NC the share counts would be listed.
I’m sure they are filing to withdraw the NC filing. There’s not a double amount of shares, share count is listed on filings
I still believe from dec 2017-April they followed SEC guidelines to buy back shares. We won’t know until audited financials come in the actual share count
A USA ticket is a long process to go through proper audit - once audit is done (he has been following steps to uplist in my opinion) they can get out of pink sheets
I’m working with a foreign pink sheet company now to uplist them- start to finish I can get it done in 2 weeks. Once Jason completes audit he can too (the stock qualifies)
Another reason to stay a NV Corp maybe to uplist -
He has a kick a$$ team behind him. If you find my posts from February I listed best case scenarios- he’s been hitting each one.
Keep the faith- they are doing the right things
Sorry been MIA - if your wondering why they would keep Corp filing in NV. Here’s a simplified answer
Some states are better for corps- if you look most banks are domiciled in Delaware. This is because Delaware has great benifits for them legally
Nevada is a better domicil state than NC- a lot could be taxes, write offs, Corp benifits etc
Again, shows ldsr has top notch legal team. This is a good thing, it could also keep tenure for uplist
Hope this helps!
Google banks 90% are in Delaware due to the benifits of the state
NV is better than NC for a Corp
I wanted to update everyone trying to coordinate a call for tomorrow or Wednesday- Wednesday is better for me, but I told them I’d make Tuesday work if needed. Hopefully news will release shortly after !!!
MGCLF
I think so. After my call I added a slide to the power point showing Namaste in US and Canadian chart, so they’d have a visual that dual listings stay close in pps. I also had an email this morning asking me to schedule a call with Rory on Monday. He’s the numbers guy, this will be cutting it close but if they move forward PR Newswire can release news as soon as 48 hours... that would give plenty of time to get news of this gem out.
I’ve also noticed MGCLF is being shorted constantly- this could work to us longs advantage a potential short squeeze would be excellent
MGCLF$$$
Good news, I had my call I think they were concerned with whether or not the Australian stock with be affected if US ticker MGCLF saw a rise in volume with news. I explained it absolutely would and gave some examples of Canadian cross listed stocks. I stressed taking advantage of GW Pharma FDA approval on the 27th. He has a meeting with ceo tomorrow. I resent the links and key points. We still have time to get news releases out pre-6/27. I offered to talk to ceo Nativ if needed.
We plan on a follow up call early next week. I think they understand how important it is to get their news releases out - I spent about 40 min on the phone.
things look good
MGCLF $$$$
I was very happy when I saw this. Sorry, I've been a ghost lately. Work then bike week :) ---- Good news is I kept emailing Ron. Call is scheduled for today!!! I'm really going to push getting news releases ASAP - we have such an opportunity with 6/27 fast approaching due to the similarities to GW Pharma and MGC - GW annual revenue is less than MGC their share price is $160+ based on their epilepsy med and FDA looking like it'll approve. I suggested cross PR's on GW page.
I'll update the board with my call!!!! I did all the groundwork/research for them.... cross your fingers they listen
MGCLF$$$
I’m still here and still talking with MGC- I’m on vacation next week and you’ll see me a lot!!!!
Below is a petition for a little boy (I cried when I read about him) in Britain fighting for cannabis medication (prime candidate for Cannepil) if everyone can sign petition. This shows us what we own in this stock and the amazing positive affect Cannepil will have on peoples lives
MGCLF $$$$$
https://www.change.org/p/please-save-my-son-alfie-by-allowing-him-to-legally-use-medical-cannabis
I’m going to do some digging. If you or your friend can think of a US or foreign stock listed in Canada (better if value of stock was under $1 at some point) and send me the ticker that would be extremely helpful.
I’m going to pull the Canadian rules & regulations of listing. Canada and US usually have similar guidelines with the exception the the US always makes things more confusing haha, it shouldn’t be difficult for a compliant foreign company to list, especially where they are already listed in the states. I’m in insurance field now, I know Canada and US are reciprocal from and insurance standpoint (if I drive my car into Canada and have a loss I’m covered Canada is the only country this applies too) I think security listing process will also be similar.
I’ll look for solution, then send that information over.
MGCLF
I will look into the filing process. It maybe something similar to listing on otc
Thank you for the info
MGCLF $$
I realized I hit reply to Rushman to your questions.
Your welcome. I’ve worked in the financial services industry all that studying I had to do on SEC rules and regulations I get to put to use. I’m a big fan of this company. I know they’ve done a few capital raises. It the fact they are simultaneously building three divisions is huge. We shouldn’t get diluted when we take off to add a division or buy out a smaller company to be bigger..... we’ll be bigger
MGCLF $$$$
I believe all of Europe has access to buy shares of MXC with is the MGG Pharmaceutical Australian ticker.
I was under the impression than Canada could by MGCLF in most of their online accounts. If you can verify for me that you can’t, I will research listing on the TSX- I think it would be similar to listing on the US- OTC, if that’s the case I don’t think it would be that difficult. Australia has tough securities compliance in the US a stock with a ticker ending in F indicates it’s foreign, so if a company doesn’t upload their docs themselves to the OTC web (I discussed this as well with them) a lot of times you have to go to that countries exchange.
I’ll research Canadian listing, It didn’t take me long at all to figure out Australia lol. I’ll email them my findings and outline the process (I’ll post here too) before I talk to them I know how busy they are closing deals for us, I try to give them a solution to any obstacle (with links :)
Thanks for pointing that out! I thought US/Canada has same access to MGCLF (months ago even I believe Fidelity users had to call in their buy orders in US)
MGCLF $$
I’m hoping by 1st of June. In the PR Newswire site, it looks like their docs can be uploaded online to PR Newswire (same service that Canopy uses). Then they release, I’ve found many good stocks by reading a release on a stock I own that mentions another cannabis stock. Their website says soon as 48 hours they can start releasing.
I know Ron and Roby are at a sold out convention in London now, from what I understand they have compliance clearance and I also know it’s a priority for them- I’m giessing they want this set up before GMP announcement. With the US catalysts, Canadian legalization, the revenue streams MGC has set up and Cannepil. I don’t see us under .20 for long. On the ASX the stock has been going up the past 3 days.
MGCLF
More excellent news. If Trump signs this bill, momentum will pick up even more. All these positive articles are reminding me of the momentum build in October 2017 that set MJ stocks on an unbelievable run. Until Sessions opened his big mouth!!!!
FDA Ban on cannabis will be gone by end of summer in my opinion. This bill is HUGE- not only would all terminal patients have access to cannabis BUT cannabis prescriptions not even approved by FDA!!
https://www.marijuanamoment.net/bill-on-trumps-desk-would-allow-marijuana-and-maybe-mdma-for-some-patients/
MGCLF
This meeting June 4th should be a great catalyst for the industry and MGC, we need our news feeds live as there also so many great catalysts approaching for MGC.
June looks to be a great month for MGC to be recognized and run up to its value. May will be a load up month. I know there’s a good chance this will run right to .20 and we won’t see these levels again. I’ve been accumulating since January, I think May will be the end under .10. Time to shop :)
June 4th is this meeting
June 27th GW and FDA (I think approval For GW’s epilepsy drug is happening, excellent as MGC releases their Epilepsy drug in Europe)
Cannepil and GMP Certification confirmation probably couldn’t be coming out at a better time if I planned it
http://www.who.int/medicines/access/controlled-substances/ecdd_40_meeting/en/
MGCLF
I like that!!!! Sounds better than being pushy
More good news ...... Cornerstone Investments is tracking MGCLF for their weekly cannabis report. They should be covering Australian Companies soon in an article. I’ve posted a few times (pushy lol) asking for coverage, a couple weeks ago I believe they commented back they were working on a piece for Australia
Zynerba Pharmaceuticals Inc. USD (ZYNE)
MGC Pharmaceuticals Ltd. AUD (OTCPK:MGCLF)
Beleave Inc. CAD (OTCQX:BLEVF)
Lifestyle Delivery Systems Inc. CAD (OTCQX:LDSYF)
Marapharm Ventures Inc. CAD (OTCQX:MRPHF)
Wildflower Marijuana Inc. CAD (OTC:WLDFF)
Hydroponic Co Ltd.
Yes!!! Exciting times ahead. We should be in news alerts soon. PR Newswire web says they can start releases sometimes within 2 days of account verification. I emailed MGC that info, since their crazy busy and our time zones are opposite, I figured it may expedite
MGCLF
More good news... MGC is sponsoring cannabis conference in Europe (that is sold out)
Pulled from my LinkedIn- anyone not aware, you can follow MGC on LinkedIn
http://snip.ly/gt8rl#https://www.cannabis-europa.com/
MGCLF
This is actually a good thing, Data443 owns classic docs.
the way it was bought (giving Jason 1.2 billion common shares) is a way to expedite getting rid of outstanding shares. He can convert these shares and the employee stock plan to preferred and quickly reduce common share count, especially if he’s also been buying on market
Click my id and look at my posts from February/March. Back then there where discussions/predictions of retiring shares. Read through them, for those of us that’s been through the “dive to .009” it doesn’t phase us anymore because we constantly get evidence of earlier discussions coming to fruition.
Who was it that said “I love it when a plan comes together”
I don’t know if we’ll see another drop to .009- any newbies read posts back from February and hold tight through it. Some of us that don’t post all the time (like me) will come on and try to help explain new filings.
To newbies that may have sold scared...We have people on here with strong tech backgrounds, securities backgrounds and charters. Learn who’s consistent and look to them for re-assurance when things look rough.
Thank you all for a great dd board. Just bought in yesterday when MJNA was mentioned in a PR with another stock I’m invested in. Only bought 10,000 shares yesterday but added another 20,000 today (so far)
Thanks again, I appreciate the informative posts on here
I’m in the Insurance/financial services industries.
The commission part of my salary is usually paid months after sale. The payout will be similar with Caretower
Say Caretower gives Data443 10%- they may pay Data443 quarterly- after payment received from customers.
Every quarter the royalty gets larger as clients are added to billables, it took several months to build my commission revenue- years later it’s great every year I go in knowing my renewal commission and new business adds to it
Awesome!!!!! I also have good news to report. I got an email fro Ron this morning to schedule a call with Mr. Z (Roby) myself and Ron to finalize news distribution.
Exact words, “we want to push forward”
Yesterday I bought a ne stock based on a PR Newswire update posted under Namaste that mentioned 5 or so stocks!!
Our time is coming!!!!! I just hope our board stays as friendly/positive as it is now
MGCLF
I think that’s his purposeful mistake.
allowed 50,000,000 pref 8.8 billion common. Per NC doc
Jason’s block of 1mil pref are controlling block. He will not issue more preferred shares to give up control.
He would have to file with FINRA for more authorized shares if he issued to many preferred (each pref share issued 15,000 common held)
We don’t have the final doc on shares, we just know he’s re-structuring share count in a good way (it looks)
I’ll look through my SEC study book from when I took Series 6/63 for a flow chart to post
The new filing Jason has 1.2 common shares for Classic docs and about 300mil for employee options (I think these are the shares the Asian company held)- he can convert these to preferred
Your right, Jason now owns 1.5 billion common shares - it actually makes more sense to convert to 100,000 pref shares, Jason will always keep control of Data443- 100,000 pref (if converted) could be split issued among employees/partners/ consultants
1.5 billion common shares would convert to 1mill preferred
For every one preferred share he has to give 15,000 common
Along with the 1.2 bill shares Jason got for Classicdocs, there’s about 300,000 million put aside for employees/consultants. Let’s say the “consultant” is N8 (Jay) he can issue Jay preferred shares.
I think the 1.5 billion that Chuneng has from Landstar are these shares.
If he converts these to preferred- they won’t list on outstanding
On the NC Corporations filing the contract reads any employee/affiliate issued preferred shares loses the preferred shares (they are bought out with cash or convert to common) upon termination with Data443
Also, let’s say Jason issues 100,000 preferred shares (assuming these are converted). He has to put aside 15,000 common shares (from outstanding) for every one preferred issued. Eating away at the outstanding shares.
He could then retire any additional shares he may have bought since December.
Between the NC doc filed and this doc, there’s a chance 1.5 Bil shares will be gone from outstanding. If he was able to buy another 500mil shares it’s potentially 2bil off market.
Leaving 2bil outstanding, the best thing for us would be a reverse split when/if pps hits $1 - 4/1 ratio. This brings share count down another 75% and he could uplist again to Nasdaq.
If you go back to my February/March postings, I’ve said this scenario would be best case scenario for investors as far as a 1-2 year plan.
I don’t know for certain this is what’s being done, but, evidence points to it — severe volume changes over the months is consistsant with less shares on market. He could have followed SEC 12b rules to buy back shares
Fingers crossed
I think the same of you on the tech side! Thank you
He can also convert the 1.5 billion he now has of common shares to preferred (1mil preferred)
This will be awesome for us. I think he may after the wording used in the NC Corp filing
Common shares can be converted 15,000 to 1. Why would Jason want common shares- he wouldn’t. If that’s what he’s going to do that will bring the outstanding shares down by 1.5 billion. Which is great for us
I wasn’t looking for revenue.... I was looking for signs of share structure change
We know he’s kicking butt in revenue
I tried posting all good points for any new longs before bashers come out in full force lol
I don’t know what a Bitcoin is, but I know share structure and financial planning
The float right now is 2.3I believe. The fact that Data443 now holds those 1.5 billion shares is great. He won’t dilute his own stock.
He’s authorized to issue 8.8bill shares. There’s about 4.3 billion issued (I didn’t look up actual #’s)
Let’s say Data443 wanted to buy Microsoft (I know a dream). They could file to issue 1bil from the authorized to buy, doing a capital raise - in this case there’s more shares outstanding (now 5.3bill), so we as shareholders may see a drop in share price - but ultimately it’s a good thing.
Let’s say Data443 wants $1mil dollars and issue 2billion shares to creditor (loanshark) and sells them the 2bil shares at .005- that’s toxic because they sell their shares and make triple
The market cap is usually annual revenue x a multiplier (we’ll use 70). If annual revenue is $25mil multiply by 70 (or whatever multiplier is some cannabis stocks where at 200+times annual revenue December/January and are now 70-90)
In a growth stock -shareholders speculate future revenue and push share price up
Market cap divided by outstanding shares = share price. So if Jason retires the 1.2 billion shares- we automatically win because Outstanding shares go down by 1.2 billion automatically increasing market cap
I hope that makes sense... it’s almost bedtime haha
There where some good things on that report.
He also has a 1 year hold on the employee shares. Employees also have a share purchase option to buy additional shares in 2019 at a 25% discount of the 10 day average in 2019. Not at today’s price
I would have loved to see revenues, too. I am satisfied seeing a plan for the future, there’s alot of good info in this filing too.
If you go to N8 web, look at their case studies for Accesshub- Accesshub is also classic docs. The 3 clients listed there alone will give Data443 well over $250,000 in recurring monthly royalty revenue stream using a basis of commisssion of only 10%.....
My worry wiith Data443 was that it didn’t own Classicdocs. This document declares it does. I’m happy with that. Jason sold Classicdocs to Data443 for 1.2 billion common shares, which I’m hoping will be put back in treasury. I’m more comfortable now, before Jason could have sold Classicdocs now Data443 legally owns it. I can wait on financials their coming. To me this is huge along with the fact the Korean owner of 1.5 shares is gone.....
I’ve also seen it a few times in cannabis stocks end of 2017... stocks sat at .01-05 no financials — financials released with uplists and some ran to $.85 (pot...Nancy). Sugar md is another went to .43 their now listed with a stop sign on otc.
I still have faith. It’ll probably go down, but, I’ve already been through a couple trips from .025 to .009 to .0017 to .009. Lol. I call it Data443 shopping season :)
The process was started in December. The state of NC has already changed the corporate name to Data443... about a week ago.
It would take 2-4 weeks if all documents are in order for name change/ and uplist to go through. 1-3 just name change.
There’s also an obvious mistake on the doc - I think is one of Jason’s coy ways of letting you know somethings following this doc. He always puts out little clues, whether on Twitter- LinkedIn etc.
I agree, end of this week or next week there will be another filing. He pays salary f $180,000 a quarter with stock options to cream of the crop in tech that’s $720,000 a year in consultants salary - which are 10-99’d therefore had to be included. There’s no way there’s $0 revenue
If there are cheap shares up for grabs.... I’ll take em
A wise man once said. Investing is a transfer money from the impatient to the patient
I’m more than satisfied with the details in the filing. I’d love to see more, but, I also know how slow the process is
I’ll be buying as well. I read the filing, it looks as though he put the numbers in the IRS would require. (Reimbursement for his expenses, marketing - salary of consultants and share structure).
Caretower and N8 have been selling Classicdocs for months- there’s definitely revenue. However there’s no repercussion puttin $0 in an OTC pink filing - unaudited for revenue. The IRS wouldn’t be so nice if these liabilities weren’t listed. Also, there’s a requirement to report share structure changes- which he did... I’m sure it’s the minimum he had to.
The corporation docs where filed with NC... just a matter of time before they’re approved by FINRA
We’ll know the revenue when Data443 is listed as the company.
Yes! I’m sure he was advised to do this. I can tell because
A) he did file HIS expenses he paid to himself - legally he has to Im sure from the conference is the $25,000 or so he reimbursed himself.
B). There are other accurate liabilities listed- again legally he has to list this
There’s no damage not writing in income
Think about it
He has $180,000 a quarter in payroll to 13 consultants AND could pay himself back $25,000
He obviously has revenue- The only accurate numbers there are what the IRS would require. No one messes with the IRS. There is no repercussion from FINRA In putting zero under revenue.
These aren’t audited. Legally if he was buying back share as he had to give an update on the share structure. There’s a mistake I can tail was typed in on purpose because there’s not 21 billion shares issued Jason also now has one.2 billion common shares in his control and about 300 million in employees stock option plans.
His partners aka “consultants- Caretower/N8 etc”. Would not be taking stock options they can’t touch for a year and a company with zero revenue.
In the pinks he does not have anyone verifi g revenue. We all know there’s revenue.
Also, purposeful mistake listed 21billion shares.
Good points.... Classicdocs is OWNED now by Data443
Add 1.2bil shares Jason now has of common shares AND the new employee stock options....hmmm looks like Asian guy and 1.5 million shares gone
Consultants are working off stock options. Held for 1 year... the have options to buy at 25% less than 10 day average in 2019
He filed to appease otc until. Amfe change goes through. How can he have payroll of $180,000 a quarter and NO revenue?? Top tech executives would not be working for stock option to be paid in 1 year and a smaller salary- if they weren’t making $$$
I don’t think we’ll see actual financials till ticker and name change. If I were Jason I would not want all my hard work reported under Landstar rubber. I would want my company name and ticker on my financials.
I would’ve loved to see the numbers myself, we will eventually it’s good to see no dillution
I just came on to post the news... this is great and could be the reason for the volume surge last week. I was also reading there’s a couple new etf cannabis funds in process. I’m wondering if one of the big buys last week was for the fund. Hmmmm
MGCLF
I’m wondering if they completed a joint venture with Canadian company or GMP certification is complete
If you add in the pre-market sale that I saw this morning.. volume is over 1mil.
Hopefully it’s our time!!
Gita
MGCLF
It could be any day now. I’ll be watching the ASX tonight to see if the GMP cert is announced.
It’d be real nice if this goes tomorrow or next week
MGCLF $$
That’s awesome!! I bought more today too. It’s hard not to at these prices. There have been a lot of big buys today.
MGCLF