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Seemed like from the last filing discussing the need of the RS to complete an offering. They could finish it by spring. But all speculation of course
I was a fan of MVES until they announced the RS... not gonna get caught in a slew of dilution
The last R/S was set up in order to get more funding to finish the movies. The app has no relevance to MVES other then they plan to use it. As far as I’ve seen the app is still in testing mode. I get emails all the time saying to update the beta and test further. That being said this app has been in the works for 3 years now per research. Best case scenario is wait until this horse movie comes out. Could make some decent much needed revenue
Dude it wasn’t out of no where haha. They announced it in June that it would be taking place. Lack of due diligence is all
No problem, yes very sneaky on their filings... kind of makes you question the leadership of this company and wonder if it’s worth trusting and investing
This is the best, can I get in on this company? I’d love to pay myself as much as Gordon pays himself here
More then welcome to click my profile. I posted multiple times copy and pasting from their filings. If you look at the otc market page and look at its recent earnings it even mentions the RS
What team? it is only the CEO... guy has been paying himself 60k a quarter while milking the capital from his investors
RS has been noted in every filing since about june. never had a definitive date but showed it was pending... try some self dd next time
100% positive it isn't trading today. whether it trades tomorrow I guess I am not 100% but ya... there is no trading taking place today for The Movie Studio
Well... you're wrong.... lol.... today's volume remains at 0. it's ok to make a mistake. Also did you notice the price is at .125.... prolly not since you don't know how a reverse stock split works. Nice try though.
It was only stated in their last 4 filings over the last 3 months.....
You clearly know nothing about trading. Trading is suspended today for MVESD due to the RS. Trading will resume tomorrow. Doesn’t who or what puts down bids it won’t start trading today
Been calling this since June.... RS was imminent. Now he can pass through the offering and slowly dilute this thing back to .0005 a share. Glad I got out when I did.
The app isn't even theirs. I tried out the test pilot version and it is similar to snapchat or instagram stories... so them being fully integrated into the app is a ridiculous notion and irrelevant news. They released news in February about rev sharing with Amazon yet revenues went down in the audited financials from previous year. just saying this thing is a pos... jmo
As of October 31, 2017, the Company had a total of 426,379,145 shares issued and
outstanding; and as of June 30, 2018, it had a total of 1,016,537,226 shares issued and
outstanding, and subsequent to the reverse stock split (250:1) that occurred on or about
August 5th, 2018, the total amount of issued and outstanding are 4,066,149.
Someone explain this in the filing? never noticed a change in my shares owned or an affect on the stock price from the supposed reverse split that already took place? on or about means its still pending. Required to file a split notice to FINRA which hasn't occured. something very fishy on this. Buyer Beware
Reverse stock split noted in the audited financials released 8/23.Page 2 states anticipated 250:1 reverse stock split. Buyer beware!
https://backend.otcmarkets.com/otcapi/company/financial-report/200874/content
We all know we ain't in pennies to hold for 3 years... we are here for the high volatility and high profitability if you can fight through the losses.
This company is losing money, what justification would anyone have to say lets increase our net losses by paying our CEO more money.... cmon man use your head
Total share outstanding: 563,250,407 as of: January 31, 2018
Total share outstanding: 1,016,537,226 as of: April 2018
no Dilution? are you insane?
Shares issued/Amt paid/proceeds bal/shares bal
11/29/2017 Gordon Venters 10,650,407/10,650.41/58,217.41/30,877,165
12/28/2017 Gordon Venters 24,415,019/36,623.00/94,840.41/44,641,777
He paid himself $42,220 over a 6 month period ending April 2018....
Apparently gordon is making money himself while his company had a net loss of $119,000 over that same 6 month period.... you must be clueless Werbe....
Sadly stock price doesn't lie... clearly something is up to break the .0006 barrier and drop to .0005. I had high hopes but for now the books are insanely poor. maybe in a few years like I said.
So now we are ok with increasing our current liabilities? makes sense.... looks good on the books to have a negative working capital!!! lmao pull your head out of the toilet, I think your mind is clouded with the steaming shit that is this company
Financials don't lie. They have yet to lock down any Distribution lines. their goal with the new movies currently in production is to have them on their movie channel. Just saying $2.99 a month isn't going to generate much revenue when there are little to no subscribers. Sorry but some things need to change here before we see gains again
Look at the financials, the CEO is getting paid by using debt and equity.... sad to see that. If I am a CEO of a struggling company I am cutting my salary to better the companies finances
It has a real product that doesn't have the funding to finish other products... its revenue streams with the amazon sharing is minimal and they continue to dilute shares in order to raise needed funds... I agree this stock has potential but we are minimum 2 years out from seeing anything actually happening. Also you keep posting about the Vu-Me app. I also have successfully completed putting my own videos onto the pilot app... anyone who signed up for the free trial has... that is nothing special in my opinion. We have to look at the financials that have barely changed besides increase in debt and increase in profit losses. The hole is getting deeper and deeper and the stock price shows that
The fact that this stock didn't hit the breakout board today is insane. Great news today... the future looks bright
Not sure why you tagged me in this one but ya I sold out... Edgar filing doesn’t look great. News came out that normally would fluff price yet we saw our 52 week low hit today.... clearly people don’t give a s*** when an R/S seems imminent
Why is this thing not at a dollar yet. Nothing but good news all of 2018.... maybe EOY? JMO
Do you guys not realize that after the great news last week MVES didn’t move at all? Any other time the stock would have flown to minimum .0012 with that news... this is because of the announcement of the planned RS just saying there won’t be run anytime soon unless they announce net profit earnings
Euro did you get that email today from Lotus? Keeps getting pushed back... so you think that the hard date of August 31st is actually accurate?
https://www.sec.gov/edgar.shtml
not sure.... you can surely go to this website and look at every filing MVES has ever had looked
I guess the thing that could save this stock is the coming out of the Vu Me app and the immediate impact on revenues that it could have for MVES maybe the short term outlook is bright
Thank you Euro, that is what I was sort of getting at was that some messages and the press release in february kind of came off that MVES had some type of ownership. but Werbe was able to provide another link discussing a partnership for rev sharing so i like that where MVES collects revenue but doesn't incur costs for the app
Appreciate the first post, never saw it so thank you for adding that.
Again I cannot reiterate more that it is clearly laid out in the official filing with the SEC..... the SEC.... The SEC..... they lie to the SEC we wont worry about a revers split we will worry about worthless stock from a closed down business
Werbe, I know we discuss Lotus Research but I have combed through MVES filings on Edgar and I never see any mention of Lotus. Would you be able to provide any support stating that they are working with the movie studio? even on their app there is zero mention of the movie studio.... seems that they are unaffiliated
Well after filing a reverse split like this with the SEC they have to wait a minimum of 10 days before they actually do the reverse split. It looks like their target date is July 29th based on the filing with an anticipated closing stock price of 0.0008. I would anticipate all of that coming true. I am not sure if there is anything that could stop this from happening
if you notice... and actually read it... he is getting shares post reverse stock split. its ok that you you struggle to understand SEC filings but you don't need to be on here trying to tell people this is going to be a reverse merger..... there is nothing in the documentation referencing even the thought of merging in any aspect or being bought out.... just stop....
lmao you are disagreeing with a filed report signed by gordon with the SEC.... are you joking... this is the SEC we are talking about... the thing every public company has to file docs with routinely.... but hey you can sit here and deny the RS but Gordon gave the SEC notice of it happening so ya....
lmao it specifically says reverse Stock split. no where does it say Reverse merger... but nice try....