Left You All In The Dust.
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A few weeks ago a person on this message board stated that they would like us to approach MGLD and recommenced this person to fill an open position on our company Board of Directors.
As you know from my prior post, I tried to do just that several days ago to no avail. Please let me know if any of you would want me to re-contact MGLD about reconsidering their response, or if any of you would like to risk trying it yourselves.
If one or more of you would like to go it alone, be prepared for the worst. I got the distinct and immediate impression that what I tried to suggest was without a doubt the lousiest idea ever presented to them! But, who knows? Maybe you'll have more luck with MGLD than I did.
My call to MGLD earlier this week about adding someone known to them from here to an open position on the board was met with intense laughter at first, followed by telling me I needed a psychiatrist for even asking something that bizarre. I was subsequently told to call back when I had something intelligent to discuss followed by "thank you" and then "click."
FWIW to anyone interested. Your guess is as good as mine as to what they could have been thinking.
It was also a distinct pleasure to see the immediate effect my MGLD post from last night had on our board members. Nothing pleases me more than acknowledgment of the truth set before people by their responses to it.
BTW, did any of you see the 6 shares of MGLD sold pre-market today @ $0.83?
Anyone want to offer an opinion as to who among us was responsible for that act?
As of now its $1.15 and who knows what the rest of the day's responses will bring out from the posts of our over-extended and consistently gentle MGLD players. Oh, yes!!
It was a pleasure to see the high-quality accompanying slides used in MGLD's conference presentations. I'm sure that with the live part of what our directors have to add during these sessions it makes a remarkable statement to an audience as to just who we are and what we do. Well done.
I hear your words of explanation and I've heard all that from you here before, usually following an outburst that you somehow want to walk back.
Did you hear any of my words addressing point by point what was contained in your emails? I didn't hear anything in your last post indicating you may have been wrong on those points, or that you will look into it to verify the truth for yourself.
Let's move on if that is your wish. BTW, the creation or assignment of warrants is not a reportable event. Warrants exercised privately by the public, or shares sold privately to the public or entity do not have to be reported at all. Warrants exercised or shares bought by those within the company MUST be reported.
These two types of transactions (shares sold, warrants exercised) whether by a public person, entity and/or one within the company would then be reflected in the public float totals since once an individual or entity is in control of them they are in a sense "public."
Most of these share transactions, once completed to insiders, may also have any of a wide range of additional restrictions available for a company to attach at its discretion to insure that no quick liquidations occur. Restrictions placed on shares acquired thru warrants do not change their being included in the public float totals.
You might have been confusing the concept of a company's secondary offering of additional shares to the public to raise capital, which, unlike a "shelf offering" must be reported and will affect the float totals as they are sold.
Wow! TWO responses of over-reaction to a simple point I made as a possible explanation for the increase to 10.5 million shares which, in one of your emails, you and your "friend" now state MAY be incorrect. Show ME the link or the source from which YOU and again your "friend" draw the conclusion of it being in error.
If you also can't reconcile Sheila's shares not being shown in all this mix, who's fault is that? That's got nothing to do with me or my prior post. Why you just had to bring that up is your affair.
And a few others things you've gotten wrong: People CAN buy shares directly from the company coffers. Its done all the time if you'll care to check that out before asserting the negative.
As far as your question in your first response that asked "So is that good or bad short or long-term?"........figure it out for yourself, Samuel, since you seem to be starting to fall back into your former state on this board by being an aggressive know-it-all that gets on tilt over nothing.
Just take an honest look at what you said and how you said it, huh? Be sure to give my regards to your "friend" sometime today, will you?
Public float is now 10,570,000 shares, up from the last number I recall making note of which was around 7,000,000. Looks like shares are being bought directly from the company and/or warrants are being exercised before expiration since the total issued share count has also risen.
Samuel, your life's journey and your willingness to get the job done isn't in question, only your qualifications. How many other shareholders have said to themselves that THEY could do a better job than the directors of the companies in whom they've invested if given half a chance?
Why not test the waters first by speaking directly to MGLD's directors and get their input as to what they think of your idea? They're certainly approachable. I wouldn't be at all opposed to you being on the board if it felt like a proper fit in their estimation.
Is there anything in your past interactions with the company that could still work against you? If so, try to heal all that first as you speak to them.
Just a thought. Good luck!
Samuel, I understand your zest to serve MGLD, and its admirable, but in the brutally competitive world of domestic and international marketing do you really have the required years of vast and wide-ranging experience having been immersed in the high-level, strategic and critical monetary decisions and corporate deal-making that a potentially far-flung enterprise like MGLD will need?
Let me correct your thinking lest you misinterpret what has been said to you, even if its something you might take issue with.
Links are appreciated if they're fresh, informative and non-repetitive. I also said what I had to say about the unnecessary posting of commentary meant to buoy our spirits when our full support for MGLD is already in evidence. In other words, the personal pep talks to us serve no purpose except to satisfy the sender.
No one here needs to see an SEC document to underscore their personal belief that David Neibert truly believes in MGLD. By your post that merely states the obvious, I hope your faith in his commitment wasn't waning to the point of needing him to actually reinforce it by buying more shares, was it? ELAL was nice in sharing it with we staunch supporters, but notice how he gracefully let it speak for itself without comment.
My GTC AON (Good til canceled, All-or-none) MGLD buy/sell orders that aren't showing on the bid/ask won't be filled with the paltry volume coupled with the price we're seeing now.
I'm way below the bid and way above the ask for either event but leaving myself the option to buy smaller amounts at will. Its also a nice mini-bonus that we've been in the zero sales commission era with brokerages, although commissions never hurt any trader I know of. Like me, they're too busy making dollars to worry about tripping over pennies.
That's just pi in the sky!
MM's playing tricks? Never heard of such a thing!
Thank you ELAL7474.9999
Its 11:45 here in NYC and my screen shows that 25 minutes ago someone just bought 6 shares of MGLD @ $1.1999, down $0.0001. Was that any of you and just how did you manage THAT?
Nyuk! Nyuk! Nyuk!
Bienvenue maison, mon juif bon vivant!
When will you be back here in the U.S.?
Parden me, Matthew!!
BTW, this was another informative and to-the-point MGLD post with solid updates that are worth reading. Thanx for leaving out additional commentary baggage.
The factual links more than speak for themselves.
Did any of you see that precipitous price drop on that incredibly high day's volume? More Friday tricks being played here than on a Halloween night!
Watch how this all MGLD game-playing ultimately works to our benefit as we start to march the ball downfield when momentum turns our way.
For we shareholders, we're in essence still early in the first quarter and on a commercial break. Oh, look! Its Taco Bell! No, wait! Its Progressive Insurance!
Well, thank you, ELAL for the update on DrD. I stand corrected after your words and offer him my apology at least for underestimating his MGLD holdings. So your rough estimate is that we 10 people control around 2.5 million shares? Sweet!
Que tus baños estén eternamente libres de caimanes, serpientes y cangrejos.
(Old Spanish blessing said to weather-imperiled homeowners in Southern Florida, circa 1700's. May still apply after Hurricane Ian)
Thank you, My Fair Lady!
Now that you mention precipitation back here, does the rain in Spain stay mainly on the plain?
Well done, ELAL. Two very Informative and promising contributions back-to-back. A real confidence-builder as well.
Thanks for sharing something that should be the new standard for anything else concerning MGLD that we see posted here from those who pride themselves on dispersing company news.
And "BUENOS TACOS" to you, too!
So, after this latest MGLD Quarterly Report, all this means is that for the time being I'll have to keep delivering the New York Post on my morning paper route with my MoPed, and also that I can't yet give my two-weeks notice as a weekend greeter at my local Walmart.
Damn!!
Alright, the MGLD news is out. Not great, but no real downer either. The economy and Covid slowed our sales. We're like 6,000 other stocks rampantly affected by them.
What now, you ask? Obviously, its steady as she goes. So, we hold on for another quarter and see what shakes out. It may be until year before we fully recover. We've been here before and we may now be looking at the same opportunity we've had in the past to buy people's discarded shares at a relatively good discount.
For bottom feeders it may be another chance to get MGLD at sub-$1 again and be ready for the next bounce. This isn't really a gut-check time in which to be all that worried. Gerber said we're in a good cash position overall and that we are essentially debt-free. And we all know that low cash reserves coupled with crushing debt is what does in many small companies. So, rejoice in this and do remember that, as the report stated:
"During the year ended June 30, 2022, the Company’s cash position and net income were negatively impacted by an aggregate of $5.7 million in expenses in connection with a cash payment of $2.5 million in the first fiscal quarter related to a legal settlement, and by an additional $3.2 million expensed during the year toward completion of the Marygold & Co. (a wholly owned subsidiary of the Company) fintech mobile banking app."
One-time quarterly expenses are to be taken in stride. BTW, did I mention that we are essentially debt-free?
Hello J.Lo!
Haven't thought of that song for like decades!
Don't any of you be fooled by this sudden rise in MGLD based on people paying "ask" prices with low volume. Just because a MM puts up an "ask" price in their own best interests and someone is an "ass" by being foolish enough to pay that much for MGLD shares, its totally meaningless.
I like to see our shares go up as much as anybody, but don't any of you fall into the trap set by MM's to sell to an unwary public the shares they just bought cheap. UNTIL THE EARNINGS REPORT BACKS UP THIS PRICE ACTION ON LEGITIMATE AND INCREASING VOLUME, just assume that its speculation driving the BUYING and MM's greed driving the PRICE.
The MM's can again drive down the price at any time. Hint: If and when I buy it is ONLY at the bottoms when I can get a price that I'm willing to pay and then I patiently WAIT until I am filled at that price. I do this daily. Most of the time I can only get a few hundred shares or many more during a day, sometimes none, but I have the full, personal sense of satisfaction that I was NEVER at the mercy of anyone dictating what I will pay.
Sticking to this plan has stood me so well and allowed me to accumulate MGLD on MY terms. Its also allowed me to sell into the PUBLIC'S terms of what THEY are willing to pay for MGLD shares at a later time.
And Bossa Nova to you, too!
Yeah, yeah. Yada, yada, yada, IMO.
What I'm getting at is just this:
If it isn't we here who are doing the selling and since we know that the company execs are certainly holding on, then just who is left?
It must be those who have the framework to sell short and/or disgruntled shareholders who have been in for months at various higher prices who are not aware of the upcoming earnings release. If it truly WERE a mass EXODUS (pardon the biblical reference) because of a foreknowledge of anything negative, we would see far greater volumes as people headed for the door.
We don't see that, do we? These so-so volume days downward reveal themselves as a limited group actors I referenced above making their moves.
Now, for we players who are in this for longer-term purposes, what do YOU think WE should be doing during these price dips. I KNOW WHAT I'M DOING DAY BY DAY and it is NOT hitting the SELL button!
TREE FALL?? Let me ask you this variation of that age-old query:
If a stock falls in a market and there's no one there who invested in it, will people make a sound?
Conversely, if a stock falls in a market where plenty of us are invested in it, will we not make a sound but continue to accumulate it?
I don't hear any noise from you people. I thought this MGLD dip would bring out another flurry of posts of how glad you all were that you've stocked up a warehouse full of shares at close-out prices! I'm still me doing what I do no matter what.
Come now! Where's that old MGLD board spirit we all are known for? Times like these are made for capital deployment for a good cause. When this "sale" is over its back to full "retail." Think like a businessman.
Its time to say good-night to you funny people.
OY!
We can't express how thrilled we all are that you managed to get MGLD shares at the low yesterday and possibly again earlier today, DrD. With your recent MGLD purchases added to your existing holdings, what does that give you now for a share total.........around 2-3 thousand?
If you keep up this buying spree much longer, ELAL will start to get jealous. Our New Jersey friend doesn't like anyone to be within half a million shares of his own holdings! I also am going to have to sell a decent six figures of MGLD just to stay in his good graces.
Hey, DrD, its just after 1 pm here in Manhattan and our MGLD stock is $1.4625 which is up $0.0225 or 1.6% so far today.
Can you give us some guidance as to what you feel about this being a newsworthy enough item for you to bring to the attention of our shareholders?
Diet Coke it is!
ELAL, I don't live or die by what adheres to the MGLD wall as far as what I say here. I let others have THEIR own reaction as to either honorably and honestly accept it for what it is, or run and hide in the woods. Either way, the salient points were made clear about how we view unnecessary MGLD board fodder and it evidently must have stung. Let's count ourselves among the brave who have thick skins and do not run or slink away from confrontation.
It was reposted since I checked and it too was victim of you-know-what.
See you this week. Giving you a Mazel Tov this evening over a glass of Coke.
Take ANY prospectus with a grain of salt the size of a volleyball, Dr.D. I've read a library full of these over the years. They're not not putting these out for the purpose of doing charity work. They need your capital by first gaining your trust. That starts with a well-crafted sales pitch known as a prospectus.
And just what is a PROSPECTUS? The term is obviously derived from the words "prospect" or "prospective", words that in themselves have the same connotation and about as much assurance as an old miner "prospecting" for gold or a wildcatter "searching" for oil. A PROSPECTUS is where a company puts its best foot forward to the reader while verbally being extra-careful to avoid revealing any weaknesses or vulnerabilities in its business plan.
Then they protect themselves with this "safe harbor" disclaimer BS which is, on its face, worthless. Now, tell me, is MGLD's prospectus any great departure from what I've said above?