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Totally agree my friend!
I too am growing a little tired and leery. However, given my background I have a better idea of the hurdles they are dealing with as a start up.
OTC is for those that understand how to look for "potential" winners and who understand that a 10x or greater doesn't happen overnight. Especially, in a market with no financing and one that is heading for a major correction.
Megola has a good OS structure and a management team that "IS" finalizing the clean-up of their books. Now we need to see the team deliver on orders and expand their product line. Beyond that, the rest is noise.
It does when the financial records are missing.
Nice to see MGON is moving the chess pieces one step at time.
It will happen IMO. Given the financial mess they had to clean up, this slow process doesn't surprise me, given my background.
Perhaps the next 48 hours will confirm the new changes coming?
Perhaps!
WOW, trips! Just seeing it on the charts.
I knew it was bad, but really surprised TLSS made it too this level.
Could get really interesting down here. Glad I held off on this one.
Interesting!
Sorry, not in the loop here. I've given up on the company after the broad members step down.
Not so sure I agree with you about the reasoning behind the lockdowns or the fact they claimed we had "no defense" given what came out of the senate hearings.
On the flip side, let's hope my government sources are incorrect about the lockdowns and they aren't setting us up for another puppet to run the WH.
Everyone enjoy your weekend, I'm on vacation next week and will be watching from a sandy beach!
Yes! I'm loving my position here.
Think bigger!
Bank on it, its about to get real in an ugly way.
One just needs to understand how to play the move "before" it happens. 🤑
I've reached out to Paul at Stats to see if he is willing to share any additional information on the PO. I'll report back IF I hear anything.
I've been reviewing Stat's website and find this PO interesting for a different reason.
https://statsanitizing.com/
A number of my sources tell me that the US government is gearing up for the next virus with lockdowns and masks sometime in the VERY near future. If so, this Stat order just might be explained as to why they are sitting on two more LOIs. Which would also tell me that any stocks related to the last COVID play could become another runner.
Totally agree!
4u nice to see you sitting in the swallows here.
You are correct, the LOI or MOU is a common tool used in business to provide a quick an lose agreement that guides the parties to the final agreement for the legal eagles to complete that takes the company to the next level.
Totally agree my friend.
If and when these LOI are converted will be a game changer for the company.
As for the stock price, we all need to give it time.
Again, I'm more impressed by the fact that they have three in such a short time frame, knowing the number of moving parts here.
LOI's are worthless and are not binding!
However, what is interesting here is they claim to be sitting on three at once. Given how the "Q" is stacking up here, is interesting in itself.
Given that they have three LOIs in such a short period of time, speaks volumes to me.
This would suggest that the product is generating more than simple interest. If they truly turn all three LOIs into meaningful POs than this is going to get real, really quickly. What will be insightful is the companies named, assuming we get to see behind the curtain.
Anyone up for a steak dinner?
Based on my background, I'd bet a steak dinner that is just one of the reasons they followed thru after the SEC turned them down.
Let's be crystal clear here!
For those that wondered why the company was quiet and not releasing any information.
Yes, this is significant for a number of reasons.
Note todays close.
Nearly half of today's 20M shares was sold into the large 10M bid at $.0015.
Interesting that there was a buyer to catch the available shares. Haven't seen that kind of interest going into the close for sometime.
Time to move this up the watch list???
Head winds!
https://www.zerohedge.com/markets/freight-volume-and-spending-declined-markedly-second-quarter
I wouldn't be so quick to blame management. Anyone who understands how business works, should understand what this company is up against right now. My money says the recent stock offering is to keep the lights on and nothing more.
This link to "Trucking News" tells you all you need to know about what TLSS is dealing with right now.
Been there, done that!
I'm going to take the other side of that coin.
Totally agree!
I have to wonder if MGON technology isn't ripe for this problem.
https://www.nbcnews.com/business/business-news/tesla-car-battery-fire-needed-6000-gallons-water-to-extinguish-rcna68153
Example, I could see were these drivers carry the fire suppression blanket or device we saw a few months ago that could either aid the driver or the fire department. Would clearly be a better plan than using 6,000 gallons of water.
Not a good sign when a company is paying off delinquent bills with common stock.
Looks like they are on life support at this point.
Wouldn't touch this one with a ten-foot pole!
I'm as optimistic as they come when looking at ANY company.
However, do the math. 1.9B at $0.001 is not going to get you very far in this world. I'll agree that this is the time to buy assets, much like the ones' the market is going to find with the recent filing at Yellow.
On the other hand, trucking companies are in the midst of a rough road, and many are about to find themselves in a sink hole. Growing too fast in this market is a dangerous move.
Time will tell if the company is in a buying position or a negative cashflow position.
Ouch!
Looks like they are planning on offering another 1.9B shares as per this evening filing.
Looks like an opportunity for MGON.
https://www.zerohedge.com/markets/ev-suspected-fire-massive-cargo-ship-carrying-3000-cars
One is correct regarding the company needing to provide updates, assuming they have anything meaningful to say.
That being said, ITYS is also correct when it comes to rolling out a new product. It takes time to set up all the moving parts. Especially, when you have players outside the country right now.
As for what time of year it is, Summer is a poor time to get things done in the US when it comes to legal and financial (vacations). I also wouldn't be surprised to hear the company is looking for cash as they pull this together, which "could" create a buying opportunity.
On the flip side, the China connection will also create some issues and potential delays. Which is why we have a key member on the team with a China track record.
With all this said, there will be no shortage of buying opportunities with the stock, as the team works to move the ball forward. JMHO!
Interesting news out today on the 1.4M views from May to June on Tubi.
Once Shaun can start converting these numbers to real revenue, the stock should start seeing more interest again.
Standing in the shadows with a close eye on this one.
Tech, I don't believe your overlooking anything.
I've been with this company for some time now and only bought in based on the share structure and management team. Never had any faith in the genie or the rest of the product line and to this day feel it is a joke.
Part of my background was helping companies sell their businesses, assuming they were actually worth something according to the books and not the "potential" the CEO felt he/she had.
The recent news is good, but its still filled with, "show me the money". Landing the contract is a BIG thing, producing sales/revenue is what the market needs to move the needle in a "meaning" full way.
In the last 2 or 3 years that I've been in this investment, I have watched a CEO that is more interested in running the company then he is in holding investors hands. IMO, there is little value in putting out PRs based on what he has done so far. The problem with PRs in OTC land is that they are good for the flippers or short-term holders. Example; "fast money"
This is a thinly held stock with VERY little interest and will continue to make wide swings with no real daily volume. Which means if one wants out, good luck!
Personally, I believe the CEO understands the damage of PRs in the long run and gets this, which is why he hasn't responded to emails from drive-by flippers IMPO. Given how we normally see OTC CEO's pumping their stock and not seeing that here, is just ONE of reasons I continue to hold.
I'll continue to hold as long as I see the team move the ball down the field. Everything else is just noise.
Given what we know and the general market "doesn't know" I totally agree.
Hats off to today's buyer!
Knowing when to buy and "hold" is how one wins at this game.
Given the price drop, it's hard to read.
Watching this one closely as the pies stack up.
Correct, I'm looking at Yellow trucking's issues and would say this could become a win for TLSS.
Just saying!
Yellow Trucking BK?
Could this become a blessing for TLSS? Or is this more of a sign of the stress on the trucking industry?
"Supply chain decision-makers would be wise to consider an alternative to Yellow as soon as possible. No shipping customer wants to be caught in a Yellow shutdown; there is a big chance that shippers won’t see their freight for months — if ever."
https://www.zerohedge.com/economics/how-yellow-bankruptcy-could-uproot-supply-chains-real-time
Last one out, turn off the lights.
FYI; next stop, delisting.
Watch what happens to the stock price at that point.
Getting very close to this board becoming non-existent. Just look at the number of mods that are no longer listed.
You were warned.
Thanks for the update.
Just put this aside and haven't been checking up on it.
A new website is interesting.