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.
The MRGE price action (5 trading days with 100%+ performance) NEEDS validation! We need news to confirm & substantiate the recent MRGE price rise!
Volume, avg trade size and % gains indicate there is news forthcoming or some BIG MONEY already got a glimpse....
Running higher on deal hope & expectation is risky and I’m sure all shareholder here are REALLY waiting for big news from Mexico / Ward.
The MRGE price move is FAR from over and get a PR here and it explodes higher IMO. BUT short term with no news always expect a pullback and trade or plan accordingly
Lol correct
No no no....
This time it be different, LOL
Correct, that’s why if you believe in MRGE potential and have done your own DD then keep a core position and only trade a small trading position!
Volume, avg trade size and %moves indicates real news coming. Big players are positioning and early risk takers (buyers when notes hit $0.04 e.g.) are taking some big profits and or some leftover shares from Conv notes hit the market ...
Either way, MM ASCM totally on sidelines today so far.... MM OTCX just jumped in the mix after the $0.65 retest as a BUYER
And plenty other MM very active which bodes well IMO
Everybody needs the thrill to trade some! Sell spikes and rebuy lower and simply do it with a little portion of your holdings.
Today’s run stopped when 50k blocks popped up $0.74 another $0.73 and shortly a third 0.72. Routed with different MMs so coincidence? Or more likely same seller OR accumulator needed to slow the rise in price
MRGE backfilling and looking for intraday support @ $0.65. Hold here and stock closes $0.70+ IMO
Bad actor today
MM ASCM prob play on unusual price rise and looking to short this spike.
Without MM ASCM shorting today we would be higher IMO!
Either way, with news next week it will be an epic squeeze on top of great rise and without news at least we have a buyer (to cover) to support price in a decline
Go MRGE
But maybe a spike into EOD?
Nice 100k block BUY @ $0.49
First 30min of trading and 500k+ in strong buying volume .... mhhh
Looks like a about 700k shares buying today agrees with you.
Only had one 93k seller who seemed to have pushed market order sell.
Good luck
Encouraging early volume today.
Sold $0.34 trading shares (from last week) on early spike to $0.39 as it looked like a single large buyer pushing BID up (15% in less than a week is a solid trade)
Additional strong buys coming in and BID rebuilding nice for continued strength and above 600k volume now.
Break above $0.40 and close above would signal good news coming IMO
Look at the low print Aug 13th 2020
$0.0185
I believed it to be a fat finger trade and thought it would get busted BUT it still stands and certainly whacks calculation for conversion price
Penny,
Certainly this 10k looks cleaner IMO
How confident are the “major” shareholders of MRGE??
Just check the last few 10k filings and look at “beneficial owners / management ownership”
Michael Ward no change (no sell)
- 165,862,562 common shares
- 10,000,000 preferred A shares (200million common shares)
Chris Ward (spouse)
- 1,035,000 common shares
Choice Consulting LLC
- 62,136,000 common shares
Patrick Dosser
- 6,300,432 common shares
John Dosser
- 6,300,000 common shares
D Cibrian
- 150,000 common shares
S Sussman
- 150,000 common shares
A Amelio
- 150,000 common shares
Most recent 10k totals still indicate 60% + ownership by the listed shareholders above and then add in this tight group of loyal longterm supportive shareholders here!
So when the major holders are not selling after 5x stock appreciation this year, let’s continue to hold on tight!
GO MRGE
Penny,
I believe both Power Up & Jefferson Street Capital notes/conversions are listed in the last 10q filed aug 3rd 2020 under note 9 subsequent events (page 14)
Excellent!
CelNav
That’s certainly a possibility!
I tracked the recent buying interest to the interview AAPO with Antonio Luna. As soon as he answered the question with “there is another company working with Pemex but not sure about the name” there was an instant BID (talking within seconds)
That was last Thursday 12th and you are correct on the next day there was 245k bid continued support.....
Agree! Nice strong trading for MRGE last couple trading sessions
From about 200k shares for sale below $0.3405 to about 120k BIDs above $0.34
Go MRGE
I’m just waiting for liftoff! Care less about the trigger 10k, 8k lol
Most investors here stand to make 10k multiple times over in $$
Added $0.34s MM INTL has 100k block for sale today currently about 45k left @ $0.34
Another seller, probably leftover 110k from yesterday’s 200k+ sits just above MM CSTI with 105k left
That’s solid backfilling, investors taking profits and new buyers taking positions and or existing shareholders adding to positions with news coming closer daily
Never buy the exact bottom but current prices are excellent risk reward looking ahead to exciting news and DD on this board finding more tidbits/crumbs pointing to MRGE projects IMo
If MRGE gets bought out by company XX there are several different scenarios depending on the deal structure.
Buyout for cash - buyout price is set ($1.00 /share for example) and existing shareholders will receive $1.00 cash/share
Buyout in cash/stock deal - buyout price is set ($1/share for example) and existing shareholders receive a mix in cash and stock/shares in the acquiring company adding up to $1.00/ share (for example $0.50/ share in cash and rest in shares of acquiring company XX worth $0.50/ share) which would be a 50/50 cash/stock deal
Buyout in share exchange - buyout price is set /negotiated ($1/ share for example) and shareholders of MRGE will become shareholders of acquiring company XX in equal amount as in $5,000 worth of MRGE stock will now be $5,000 worth in company XX in your account.
Depending on deal structure there are tax consequences and future ownership percentages for MRGE shareholders
With that said, I don’t see a buyout prior to project announcements OR updated financial commitments from BLUE BELL
Great volume & MM INTL high bid ;)
Mexico Natural Gas Imports Touch Historic High in September Despite Pandemic
BY ANDREW BAKER
September 28, 2020
....
Pipeline natural gas flows from the United States to Mexico have averaged an estimated 6.2 Bcf/d so far in September, up from 5.5 Bcf/d in full-month September 2019, according to Genscape inc.
“Barring backward revisions from any of the major pipelines we monitor, this figure already sets a new historical record in monthly volumes,” Genscape’s Ricardo Falcón, Mexico natural gas analyst, told NGI’s Mexico GPI.
Even amid a still-raging pandemic and severe economic slowdown in Mexico, Falcón said the resiliency of Mexico’s gas imports has mainly been driven by “still-strong Mexican demand in both the power and industrial sectors, especially during the first half of September.”
...
https://www.naturalgasintel.com/mexico-natural-gas-imports-touch-historic-high-in-september-despite-pandemic/#:~:text=Mexico%20Natural%20Gas%20Imports%20Touch%20Historic%20High%20in%20September%20Despite%20Pandemic,-By%20Andrew%20Baker&text=Pipeline%20natural%20gas%20flows%20from,2019%2C%20according%20to%20Genscape%20inc.
Google either mexican natural gas demand and/or mexican natural gas imports (images) and there is a clear trend in MRGE/our favor. It's the old win-win situation, Mexicon needs US nat gas and the US needs outlets/exports
Changing trading pattern on lower volume today.
Instead of 50k block dumps by MM CDEL last couple sessions today our seller is MM CSTI but no dumps into the BID. Actually mostly 25k block buys @ ASK. Once sold MM CSTI will “provide” another block for sale but today had some buyers picking on the ASK in moderate size, encouraging
Oil and gas regulation in Mexico: overview
by Juan Carlos Serra and Jorge Eduardo Escobedo, Basham, Ringe y Correa S.C.
Law stated as at 01 Oct 2020 • Mexico
https://content.next.westlaw.com/6-524-0285?__lrTS=20201108210236772&transitionType=Default&contextData=(sc.Default)&firstPage=true
good overview, long & specific text BUT while we wait....
Obviously shareholders are ONLY waiting for 1.) AMLO official reveal of projects 2.) followed by official PR by MRGE 3.) or maybe 8k with additional disclosures about financing
Everything else background noise BUT it fills in the little question marks
Before pipeline can be retrofitted/laid etc the product will need to be ordered by the “the office”, no?
Unfortunately there is no date to this data so probably NOT real time. Even better as shareholders should hope material is already being worked on or distributed along work sites
Salina Cruz port news
THE MV DRACO FAITH SHIP WITH PROJECT LOAD FOR THE WORKS UNDERWAY OF THE INTEROCEANIC CORRIDOR OF THE ISTHMUS OF TEHUANTEPEC
October 5, 2020. The general cargo ship MV DRACO FAITH docked last Sunday, October 4 at the container dock of the port of Salina Cruz. The 122-metre-long Panamanian registration flag boat from Tianjin's Chinese port, took port after a 29-day voyage in the Pacific Ocean.
https://www.puertosalinacruz.com.mx/esps/2110660/arriba-buque-draco-faith-en-puerto-de-salina-cruz
AAPA member ports map
on the interactive map click on Salina Cruz and get the following description... (most interesting PRIMARY CARGO INBOUND - pipe lines)
Company
Administración Portuaria Integral de Salina Cruz S.A. de C.V.
Location
Interior Recinto Fiscal S/N
Col. Cantarranas
70680 Salina Cruz, Oax.
Mexico
Telephone
(+52) 971-717-3070
Overall Annual Tonnage
CY2017: 7,856,309 mt. General cargo: 5,557 mt. Containerized cargo: 22,979 mt. (1,304 TEUs) Bulk grains: 9,500 mt. Petroleum and derivatives: 7,818,273 mt.
Primary Cargos: Inbound
Wind mills, pipe lines, corn.
Primary Cargos: Outbound
Oil and derivatives.
Main Channel Depth
14 m.
Website
www.puertosalinacruz.com.mx
Facebook
https://www.facebook.com/pages/Puerto-Salina-Cruz/316766511699803
Twitter
https://twitter.com/API_SalinaCruz
https://www.aapa-ports.org/unifying/content.aspx?ItemNumber=20921
LOW volume today, what’s missing?
The typical 50k block dumps by MM CDEL, maybe selling inventory finally done
MM INTL @ $2.50 ASK
Lately it’s MM PUMA controlling MRGE price and they sit on high BID currently
200k instant Bid @ $0.30 on that answer means somebody liked what they heard and placed $60,000 buy order ;)
Real business with real contracts/agreements with REAL financing ACROSS international borders take time AND come with HUGE RISK until the very end!
Everything can change and “cat is out of the bag” OBVIOUSLY NOT! Otherwise BIG institutions be buying $$millions$$ every single day here
BUT without official contracts signed and ALL puzzle pieces in place the RISK remains and you will be able to buy at current risk adjusted prices!
NEVER BUY based on anonymous stock message board information!
Always do your OWN DD!
Take hints/crumbs and then 2x check information or links provided yourself!
Take responsibility for wrong but decision just the way you would brag about making a $1million profit!
Good luck
Most spikes in the past trading history of MRGE returned back to the MA (50) and found good long term support!
MA (50) currently @ $0.241
https://stockcharts.com/freecharts/gallery.html?MRGE
3rd Quarter 2020, Year-Over-Year and Year-To-Date Highlights:
• Net Income increased 3.8% in 3Q20 compared to 3Q19 and 11.7% year-to-date, compared to the first 9 months of
2019.
• Net Revenue grew 3.8% compared to 3Q19 and 5.0% YTD, compared to the same period last year.
• Non-Interest Income for the quarter increased 5.2% compared to 3Q19 and 4.2% YTD, compared to the same period in 2019, driven by higher revenue from mortgage originations.
• Average Loans increased 11.6% compared to 3Q19 and 10.1% YTD, compared to the same period last year. The increases were primarily the result of the Bank’s originating more than $27 million in Paycheck Protection Plan
(PPP) loans.
• Average Deposits, which grew 26.3% compared to 3Q19 and 16.8% YTD, compared to the same period in 2019, were bolstered by PPP loan proceeds being deposited.
• Average Non-Interest-Bearing Demand Deposits grew 50.0% compared to 3Q19 and 43.5% YTD, compared to the same period of 2019, again fueled by PPP loan proceeds.
• Asset Quality remained strong with an Allowance for Losses on Loans and Leases (ALLL) of 1.26% as of September 30, 2020. Reflecting the economic uncertainty that exists today, the Bank provided $210,000 to the ALLL in 3Q20 bringing the total provision in 2020 to $345,000. The ALLL is experiencing YTD net recoveries representing 0.02% of
Total Loans.
• Diluted Earnings per Share for 3Q20 improved 1.8% to $0.35 and 9.4% to $1.07 through September 30th.
• Fully Diluted Book Value per Share was $13.94 at quarter-end, up 9.3% from June 30, 2020.
The third quarter of 2020 yielded continued growth in net income and earnings per share. The results were positively
impacted by the accretion of loan origination fees from PPP loans made in the second quarter 2020. The Bank’s focus now
turns from originating PPP loans to helping clients submit applications for forgiveness.
Average loans outstanding, including PPP loans, increased 11.6% over 3Q19 and 10.1% YTD, compared to the first 9 months
of last year. Due to considerable uncertainty about future economic conditions, the Bank provided $210,000 to the
Allowance for Losses in the third quarter. The 3Q20 provision brought the total year-to-date provision for loan losses to
$345,000 and the Allowance for Losses on Loans and Leases to 1.26% of total loans, including PPP loans. As you know, PPP
loans are 100% guaranteed by the United States Small Business Administration which makes their collection in full highly
likely. The bank’s asset quality remained strong with Non-Performing Assets as a Percent of Total Assets standing at only
0.04%.
The addition of Net Income to bank capital resulted in a Tier 1 Leverage Ratio of 8.3%, which was down from the same
quarter last year due entirely to the 14.6% increase in the size of the balance sheet resulting from the addition of the PPP
loans and corresponding deposits. The Common Equity Tier 1 ratio improved to 11.7% and the Total Capital Ratio climbed
to 12.9 %.
Earnings per Share for the third quarter and YTD 2020 were $0.35 and $1.07, respectively. The Bank reported Fully Diluted
Book Value per Share of $13.94 on September 30, 2020.
The third quarter of 2020 was one of adjusting to operating in a COVID world. Mask wearing and virtual meetings have
become routine as we continue to safeguard our clients and associates. While the financial highlights are reassuring, we
remain circumspect as we wait for this pandemic to subside. As a bank whose vison is to be Gold Standard, it continues to
be our mission to delight our clients and provide a better than expected return to our shareholders through whatever
circumstances we encounter.
https://www.abtgold.com/home/fiFiles/static/documents/3Q20_Checkpoint.pdf
There drops the 80k block LOL
That’s because MM ETRD sits @ $0.30 with 80k share block.... MM PUMA and MM ASCM will mostly show 2.5k but have much deeper/more inventory to sell
MMs @ work to keep price below $0.30
Spreads really tight and several orders prints mid spread
A little buying pressure and this resolves to the upside!
The $0.30 establishing itself as support level
Yeah just like “coincidence” that UPS finds documents again LOL
https://www.zerohedge.com/political/ups-suddenly-locates-lost-biden-evidence-returning-docs-tucker-carlson
Well MM ASCM just popped up as if they read this board lol
MM ASCM missing from L2 Raster
Good chance it was a technical trade, shorting the “no news” spike and covering during the subsequent fall.
MM OTCX has a block for sale $0.32 let’s see if there are buyers interested ;)