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Well someone likes the stock.
So glad I held on to this loser...LOL
Really thought this one was just going to end up a tax write off.
Yes!
With the company lining up its ducks, this will start to climb.
Show me the money.
Boy I hate it when I'm right!
Post #38179
Here's what we do know.
MGON, not ready for prime time.
While I've been in this investment for well over a year, I've watched management inability to inform investors as if they lack the skill set in understanding the importance of keeping investors informed. Something I've seen before with CEO's who came from the business world but hasn't run a publicly traded company.
There is also something to be said when a CEO becomes so focused on growing the company and not having the resources to inform its shareholders.
It wouldn't surprise me if someone is waiting for legal counsel to wrap up a review in order to get the final signatures, before being able to come forward with a public press release.
Personally, I believe they understand and know that a $5M contract is in fact a material event that would require a PR. Secondly, something tells me a company with the background like MGON can't wait to get a $5M deal out into the public eye via a PR.
Given the longs are watching and have a chance to average ahead is golden.
Then again, I'm just talking outload...LOL
Totally agree!
;) Still sitting on over 3M in shares at six figure investment, because I believe this will happen. Long and strong.
You could be right. However, we need to see some volume before I can get excited...LOL
Hook, good morning to you. I don't hang out here much anymore, given the entertain value isn't what it use to be....if you know what I mean.
Not only do they bring in more merchandise, I've watched these auction companies market up the prices and bring in shells to jack up the bids.
You might say I've been playing auctions for years and have seen these games played on the public, who are clueless.
Nice to see MGON starting to wake up.
Is it time to grab the popcorn? LOL
Key word in the ad, "former".
At the Former Rotmans Furniture Store.
Now with the store completely closed, it is going to get really quite around here...LOL
Thanks for the update.
Yes, while volume is light, it would suggest that someone is talking, given how are prior trading days have seen very little in the way of movement.
My gut says we have word coming on the financing issue being resolved. Just a gut feeling with nothing to back it up.
Actually, they started showing up on Monday.
Anyone want to believe the financing issues have been resolved? LOL
Agreed!
Given the year-end tax selling is over, we could see a low supply of stock available to support a bump in the price.
Let's hope they have news worth sharing...LOL
I fell asleep and just saw the sweet tweet.
We have been holding a long time here, would be nice to watch this come to life.
After all, we have no were to go but up from here.
Not likely IMO, shareholders have been thrown under the bus here.
The best one can hope for is to see if the company at some point sells. Which given the share structure, I'm not looking for anything great here.
While we all waited for a restructuring, we found out the company was thrown to the curb. It will be interesting to see if some information comes out of Lou's trail.
Yes, with the board members stepping down, said it all.
I really thought SRAX was going to turn this around.
This is what happens when you play in OTC land.
Given the current market conditions, I take this loan as a positive sign that management is working through the issues at hand.
I've dealt with a number of "Hard Money" lenders and know how it can be a difficult road to take. What I find interesting here, is just how quickly the default was turned around.
While these types of lenders move quickly, one still needs a good story to sell...LOL
As noted:
Sorry Chemist, its over my pay grade.
Perhaps.
Well, we know they applied for the name change with the SEC and were shot down.
Personally, I believe it had to do with the old accounting that they were unable to clean up due to the lack of information or follow-through from the prior accountant.
Secondly, we know that they have been setting up and acquiring the new businesses that while weak, are showing the "potential" for and income stream.
Based on my experience, a company doesn't take the time to have an audit done without a "good" reason.
Examples:
Structuring financing to grow the company.
Setting up for an up listing with the SEC.
Looking for a take-out buyer.
Again, all of these are only guessing at this point in time. However, taking the time and money to complete the audit is a "good thing".
Hope this helps.
Here's the good news!
Whenever you see a company in the land of pinky, inform the market that they are working on an audit of the books, the wise know it is for a reason. Which many here can understand, given what management has been pulling together.
I have made some of my best returns on stocks like MGON sitting on the edge of trips that are cleaning up their financials...:)
Tell me how you really feel about Jeff. LOL
Roger that!
I do find the volume going into the news yesterday interesting.
My gut says we bounce if the company is close to working this out. Time will tell.
Going to be an ugly day!
Good eye! I was tied up all day on another project and didn't stop to look at the MMs.
Interesting open this morning.
We haven't seen this in a while.
Thanks!
I have IHub forward all Vystar responses to one of my email accounts, which allows me to see your posts before the "gods" take action.
So no, you didn't email me, IHub forwarded your posts. Hope this helps.
Just love it when the "water carriers" think this is game.
Boot, careful what you wish for in the land of Vystar. I got your Hub email message.
I worked closely with our friends at the bureau on two other "little" known company's. Which resulted in one former CEO being fitted with a special orange suit and the second one waiting for his court date two years after his arrest. In fact, the related chat room is still discussing this one.
The FBI is called in to investigate when the SEC believes they have an interest to investigate a publicly traded company. As for the size of the company, let's just say, size doesn't matter when your listed in pinky land. The two examples I speak of were much smaller.
As for compensation, shareholders who feel they have been taken, work for free...LOL
For the record, you will notice that Vystar has been very quiet since their last PR on the stock spilt with the spin-off of the air handlers. Hummmm
Hook! Top of the morning to you.
Totally agree with you, on your recent post. We have some real snowflakes in the Vystar camp.
Your last post was delivered to me via the Hub's email notice, before you could say, oh crap!
It's always entertaining when the only thing left to do in the world of Vystar, is monitor a chat room and play the "power" game.
Spoiler Alert, the REAL gods are watching this room a little closer than one is aware of. Do the initials FBI mean anything?
Day 3 and counting, still no bid/ask as the company works through the RS.
Somehow, those storm clouds seem rather fitting for VYST.
Good Night!
Something tells me you're not the only one...LOL
Given the market is in for a whole lot more pain, its likely going to be a while before we are dancing in the street.
I've seen this game played way too many times over the years.
Soon even the "water carriers" wake up and smell the roses. In the end, they simply move on and lose interest when they learned they were made fools of.
Greg is going to soon find out that even his faithful followers will close the door on his new stock printing scam. I'm guessing about the time they see the RS drop another 30% to 50%.
Like I posted several weeks ago, this one is dead, and the remaining shareholders know it.
Great information can be located at Twitter, about ALTD on a number of fronts.
While I personally believe the news out on the Maka Project is a great step going forward. Shareholders and interested parties can find a ton of great information on the site in a number of ways that Altitude is changing the world of water.
The sad part is, the water issue is only going to get worst, not only overseas, but here in the US as well.
FYI; Twitter is a great site for catching up on what Altitude is doing on a "daily" basis.
https://mobile.twitter.com/ALTDwater
Good Night
It's Christmas time and the shareholders are about to open their new account statements under the tree.
My L2 shows the bid/ask is pulled and no one can buy or sell their VYST shares today.
Anyone taking odds on which way the stock moves after the RS and the new share count takes place?
Spoiler alert:
In the land of OTC, when a company is closing its ONLY revenue source and setting up to print more share, it doesn't play well for existing shareholders?
Well said!
I've been at the investment game for nearly 50-years and have seen and worked with guys like KB and his company DECN.
Mind Set
The "one" common thread with a con is, they feel they know it all and are smarter than the common man/woman, which shows up with their ego.
They also have one "key" mindset, they believe they won't get caught.
White collar crimes, much like KB was a party too, takes some level of either skill or knowledge on how to pull it off. Which of course requires some level of gray matter.
Is he stupid? Yes, in the sense of not taking the time to earn an "honest" dollar. No, in the sense that he had the knowledge of how to pull off the con.
A "stupid" person who creates a crime is the ones we see locked up every day. The smarter person is the one that understands how to rob people without a gun and stays out of jail. Much like some of the politicians we read about. But that's another topic for a different chat board.
Wise investor!
It's the MO of pinky land.
Find unknowing "good" people and get them to part with their hard-earned cash.
Find a story and print worthless shares you can dump on them, while the company makes up more lies.
Example; look at the folks today buying ($4K-$5K) in stock, into a RS, on a company that has failed to perform and is closing the only part of their business model that had any kind of a revenue stream.
Just be glad you're not sitting on millions of shares when you get your new statement with the related haircut.
Something tells me that Greg is going to have to come up with a pretty "sound" story to sell the new shares the company is going to have to print going forward.