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.
Check their filings. Last one was last month. Tells you their latest business model. No more crypto. I just don't like a float of less than 400,000, and authorized shares of 9 billion! No more r/splits for now, but plenty of opportunity for massive dilution. Just my opinion. GLTA
For what it is worth they exited the crypto biz, sold their 6 crypto atms, and are now entering into the world of e-commerce program design. And I was hoping they'd get back into the oil business. Jed Clampett had better luck when "he was shooting for some food, and up from the ground came some bubbling crude...".
Received email from Barbara Corbett back in September.
She was responding to an email I had sent her. Barbara said that she and Jerry were retired and the new CEO of MCET is Ed Sigmond.
She said his email address is Esigmond@aol.com. I never tried emailing Mr. Sigmond, but will in the near future. Appreciated that Barbara had replied to my email, but seeing that she was the "Investor Relations" contact for many years, she could/should have sent an email out announcing their retirement. That's certainly big news for the many investors that have been waiting for years / decades for MCET to have any real success. Don't know if "t's and g's" still checks in on this board, but know that she or he has been in for the long haul like myself. Will post if I receive any response from our new CEO. Since Barbara's email was almost 1/2 year ago, maybe Mr. Sigmond retired as well! All the best to everyone who has or had a stake in MCET.
Nobody but Lampert seems to win if SHLDQ has no part of the new Sears. Since he has the majority of the common shares he even wins if SHLDQ is left with nothing after all the creditors are paid. He has all the stores within a private company that may stay private and have no connection to SHLDQ going forward.
I don't understand no concerns.
8k states "Buyer agreed to acquire from the Company substantially all of the go-forward retail footprint and other assets and component businesses of the Company as a going concern (the “Going Concern Transaction”.
SHLDQ will no longer own any of the remaining stores. Eddy took this private with the 5.2 billion dollar settlement/buyout.
Would love to know why he refers to this company now being "private" if the stores still belong to a public trading company?
I know SHLDQ may still have the NOLs, and there may still be some value with them, but can everyone agree that the stores no longer belong with SHLDQ unless we hear otherwise?
Why would this private entity that just purchased all the remaining stores for 5.2 billion feel the need to exchange shares with holders of the bankrupt company?
It is not a scam company, however it appears it no longer owns the remaining 400+ stores. They were sold to a private entity through the bankruptcy process. There has yet to be any announcement that holders of the original SHLDQ company will receive any part of the new private company. Even if SHLDQ receives the 5.2 billion, there's still the matter of 11 billion in liabilities, and don't know who is left with them.
Thanks for reading my post. Nice to know someone else has a pulse. (I think I still have a pulse.) I respectfully disagree with their core business of "just running a hotel". Their concept was the experience they were offering; customized menus and activities geared toward people with a unique interest. The vision was good, the execution terrible. Joel being a newcomer would have been fine if he surrounded himself with others with industry experience. It would also have been a big plus if he was just a former lawyer, and not a disbarred lawyer. Butch Stewart who founded Sandals wasn't quite first to the all-inclusive resort concept, but came in shortly after and revolutionized the hotel/resort industry. People pay Sandals prices for the experience, and as they raise their prices they continue to set the bar within the all-inclusive concept. Another travel niche, LGBTQ travel, was barely mentioned for years, and now has become a mega billion dollar business that many well known travel companies proudly embrace. I'm not suggesting that MJMJ could have emulated either of those two markets, but could have been so much more than a one B&B Inn run by Joel and his wife. Would still love to know if Joel has the trademark/service mark/logo of Bud+Breakfast. Sometimes they can be worth millions, but then again Canna-Camp could be opening up any day! All the best to you and yours.
Quite a pullback today! Things going along swimingly and then we drop 99%. Nice to know that one dollar can get you one million shares now. Remember on our last conference call that Joel said that .0018 was an absurd price.
I may be paraphrasing. Of course, I'm one of the unlucky souls that had this stock when it was trading at 3 cents a share. Thought I did my DD with MJMJ, but clearly missed the part of Joel being disbarred. My one hope when the infamous Canna Camp didn't get off the ground at the last minute (remember Jimmy Fallon mentioning this enterprise in his monologue; couldn't be all that bad?, oh yes it could) was that we had the trademark/logo Bud + Breakfast. If leveraged properly that asset should have/would have/could have been worth millions. But maybe it was never
copywrited properly. Anyway, most likely venting for nobody, but on the off chance you've been in this disaster for the past 4 or 5 years or so, I know how you feel, and I don't think there's enough MJMJ in the world to improve that feeling!
If they wind up doing r/s I'd be banking on the 1/500 scenario. 1/2 would only bring it up to .04 (at best at going rate), and 1/500 wouldn't even get the stock to break $10. Seeing the last r/s brought them over $20, and that was back under $1 in days. Never thought I'd see a stock rivaling Dryship (DRYS), but HMNY is a close 2nd; or maybe will win the title of how fast a r/s can backfire. Interested in seeing how the dividend in the spin off will play out. Considering that Moviepass was what got most interested in the stock, now the "crown jewel" will no longer be a part of HMNY. HMNY should be required reading for Business majors; "How not to manage a company. In an ironic twist at graduation students set to receive a Masters Degree in Business will receive a GED instead. In keeping with HMNY tradition, all Masters degrees will be reverse split into GEDs.
Yes, and another line that seems to confirm they keep their 5 billion
A/S which demonstrates further dilution; "number of shares of our authorized common stock that are unissued and not reserved for future issuance will increase." So basically at the very moment the r/s takes effect our shares are not diluted percentage wise, but eventually we'll be diluted even further than previously. So even though A/S stays at 5 billion, cumulatively they are able to issue over 5 billion shares. I may be misinterpreting, but looks that way to me. The only thing I give them credit for (and it's probably only to protect themselves) they mention quite clearly their previous r/s didn't work, and price fell back below $1.00 in less than 5 trading days. GLTA
Sorry to say, but your calculations may be a bit generous. The A/S could remain at 5 billion. Not certain if that would be the case, but wouldn't be surprised at this point. Only good news is that vote isn't for another 4 weeks. A lot can happen in that time; both good and bad. Pattern would suggest bad, but who knows. I think the stock and company will survive like Dryship, but how many R/S before shareholders have true value for their shares, and they're not reversed split into oblivion. GLTA
Tomi Kilgore needs to get a calculator that extends another couple of decimal places. Pre-split adjusted price should not be 0.024 cents,
rather 0.00024 cents. Would prefer it to be have been only a 1-2.5 share
reverse split instead of 1-250, however that wasn't the case. GLTA
Yes, 40 million could easily be the new float after today. Don't know any other reason that this volume of shares have traded. Even if it gets back to .80 today, the shares would have been diluted another 95%. Don't know why more people aren't concerned with the volume traded today.
Don't think it can be 1.7m any longer. You don't trade 38m shares if your float is only 1.7m unless I'm missing something. GLTA
Trying to figure approximate dilution today. Is it as simple as if 40 million shares above the 1.7 million float are traded today that the common s/h would then have only 5% of the higher outstanding float? That is based on the reasoning hmny is adding new shares to raise cash. Nice that they're raising cash, but think hmny was expecting to be issuing these new shares around $20, not $0.50. GLTA
Question regarding dividend mentioned.
Never heard of this stock until a few weeks ago. The dividend mentioned seems like a "no-brainer" quoting an earlier post. I have no shares at the moment, and I've made some ill advised investments over the years. Those who have been with this stock should have a better insight into the reliability of what the company issues in press releases or in filings. There are two small sections within their 3Q filing that reads to me to give them a great deal of latitude with this dividend.
"The timing and form of such a potential distribution will depend upon PharmAthene's analysis of its current situation, applicable corporate statutes relating to distributions, and the economic consequences to its shareholders."
"...risks relating to the timing of payments, if any, under the SIGA litigation; our ability to make distributions of a substantial portion of the cash proceeds we may receive from SIGA; the timing, amount and form of such a distribution;..."
I've gone over a number of recent posts, and nobody mentions these passages. I know most companies give themselves some room to maneuver, but how could issuing the dividend have a detrimental effect on "the economic consequences to its shareholders"? Then what do they mean by "the timing, amount and form of distribution"? Would or could the dividend be paid out over a period of time? The amount of dividend could vary a bit, so that doesn't concern me, however what about "the form of distribution"? Wouldn't it be paid in cash, or could this be a dividend worked out on paper in some, or all in receiving an equivalent amount of stock?
Lastly, why would PIP devastate their balance sheet by giving up 90% of this settlement? Don't they need any of this money to grow their business? Well, I've asked a bunch of questions. Please note I'm not trashing or bashing this stock. Just want a couple of veteran opinions before I decide about joining this quest. Thanks for any insight, and Good Luck to All. Was going to put GLTA, but figured if you made it this far I wouldn't abbreviate!
In this stock for the past 15+ years.
Still remember when we closed above one dollar;
$5.80 factoring in the reverse split. Marveling at the job that Tony Cataldo is doing for Oxis now. Feels like Groundhog Day and that's not a good thing. At least I stayed away from Oxis. My one big question is why La Jolla has been around for so many years? Why in the world would they continue to fund? Anyone have any ideas? Despite MCETs apparent inactivity, their patents must be worth a bit more than where we've been at for the past year. Miss the days when there were so many press releases of real news and solid partnerships. Truly amazing that this stock has only had a .0002 swing in price over the past year. Can't recall any legitimate (defined by timely filings) companies this comatose.
Still think it may not be truly done for good. Time will tell.
Anyone remember when the Governor of Rhode Island showed up for the "Grand Opening" of their Rhode Island office? Long for those good old days. Well, if anyone has any ideas regarding La Jolla, please share. I'd greatly appreciate the insight. Good luck to all.
(and to all a good night.)
An asset could be the trademark of
BUD + BREAKFAST. It looks to be trademarked
in pix, but don't have any proof.
Yes, Chapter 11 not always a death sentence.
American Airlines is a great example, although
Kodak you mentioned didn't survive to commons.
Other good examples are Pilgrims Pride (chicken),
and UHaul. It's always a long shot, but this company
has so many unknowns it wouldn't surprise me if the
commons survive in some form. Good luck to all.
Can't buy at .0000 yet. Last trade
appears to be .000001. That's a far
cry from .0000. No matter how hard
I try, I just can't average down to
.000000. Yes, I'm delirious. That's
what BYSD did to me. Gotta laugh to
keep from crying. Heading now to one of
our bitcoin cafes. Only way to get to
the cafe is to drive past the oil wells.
Wish I new another way. Good luck to all.
Just when you think it can't get any lower.
We can't drop to a negative, can we?
Well, maybe we can.
Longtime Shareholder
Well, not too many folks on here had this stock went it went over $1.00 a share 15 or so years ago. As memory serves me, Mr. Cataldo,now of Oxis, was involved in a reverse 1 for 5 split which was supposed to help us get uplisted. Unfortunately, the reverse split didn't help and Mr. Cataldo left. It seems like he did have some success after leaving MCET, but what's happening now with Oxis seems similar in ways to what happened with MCET.
Back 10+ years ago there was so much hope with this company. Tremendous progress, and amazing technical discussion on every messaging board. 90% was well above my background in science, but interesting nonetheless.
I just visited Barbara's Facebook page. She and her husband are doing quite well, and she's a gifted artist. Scanned through her page which started back in 2009, but didn't see a single mention of MCET. I know you don't want to mix business with pleasure, but would be nice to know that one of her posts had some mention of the potential ground breaking discoveries within MCET.
I'm not surprised no one is at the Rhode Island office. Would have been more surprised if someone was there. I remember the day when the Governor of Rhode Island made a special appearance at their office. That was probably a couple of governors ago.
Well, if you get a chance take a look at Barbie Corbett's FB page.
I don't begrudge anyone from having a social life, but clearly shareholders of MCET deserve better communication and treatment.
Good luck to all. Their science was always so promising. Hopefully, there's a light at the end of the tunnel, and it's not
the noon train pulling into Grand Central Station!
Of course, this is my own opinion, and that and $1.25 may get you a Dunkin Donut. Hopefully, ttt's and ggg's is still checking in from time to time.
This man is not our CEO, is he?
3rd generation oil man Gordon H Johnson.
Would be great if he's our Gordon H Johnson,
but somehow doubt he would have dabbled in Bitcoin.
Picture and bio towards bottom of linked page.
http://weatherbyenergy.com/about-2/
Profit Taking is reason for stock priced dropping.
Unfortunately, only one person can be profiting down here.
Does anyone else have shares from when we went up to 2.90 cents?
One of my worst investing decisions not to sell way back then. Didn't have that many shares at that time, but business concept was great; exciting new travel market...a pioneer in a new travel niche. Only problem, one man seemingly controlled it all. Joel on the cc said .0018 cents per share was a joke. Wonder what he thinks of .0002? One thing I don't understand. Why wouldn't he let the stock stay higher longer? Being at .0002 or .0003 isn't making much money even for Joel or "company" as shares are being diluted. Hopefully, Joel will make his presence known, and can add a property or two. It's kind of late, but all depends upon his intentions. Any positive news at this point should make the stock go higher. Just sorry I didn't see the apparent reason he stopped his law practice. GLTA JMHO and my 2 cents, or should I say 2 hundreds of a cent.
Bud+Breakfast Trademark
It's difficult to assign a value to this trademark,
if indeed it exists, but this could be the most valuable asset of MJMJ to date. A larger company with better funding might spend a significant amount of money to have the Bud+Breakfast brand as an exclusive. I don't believe it's mentioned on their financials, but having a premier name/trademark is normally quite a commodity. Sell the brand name for 5-10-15 million dollars or so, and a lot of disgruntled stockholders would be less disgruntled. That being said, I still like Joel's original business concept. There may be significant competition in Colorado, but how many businesses are looking to expand to other states, and dare I mention Cannacamp? I've worked in the travel industry for over 20 years, and there's always a new hot niche. Obviously, myself and most others have lost all or much faith in Joel over the past few months. I'm not impressed with his seemingly troubled past, but believe in his vision, if not the man. He still has time, albeit not much, to regain the trust of those who trusted and invested in him. All the best to one and all.
Nice that the NY Times is giving this coverage, however don't like the Joel Sneider being referred to as owner. Would prefer they indicate that this operation is more than a sole proprietorship. Joel should be referred to as CEO, President, or Founder of The Maryjane Group. Perception is everything, and painting Joel as owner is understating who he is, and what MJMJ is all about.
20% Drop on less than 2% of float trading.
These drops in price make little sense. Since the volume is so low, it seems like most investors are truly invested in this company, and not simply waiting for a quick buck. You have to wonder where we'd be trading if Joel didn't release financials or have a conference call? Joel called stock price (which was double our current price) a "joke". I just wish I had more liquid capital
to invest here. If MJMJ continues to open new resorts and increase
there presence in Colorado, and beyond, this price will be a distant memory in another 6 months to a year. This is my humble opinion, and I wish everyone well in their own investments.
Many people invested expected a quick positive run because of what MJMJ has to offer. They're pioneers in the newest travel niche.
Unfortunately, there will be growing pains. Seeing MJMJ drop over 20% on less than 4% of the float shows that most are staying patient and not over-reacting to a slowdown on progress of business.
The CC was definitely not polished (to put it mildly), but as some have expressed here, you don't get a lot of ccs when you're dealing with a sub-penny stock. The fact there was a cc at all was encouraging to me. Joel screwed up big time on Cannacamp. That deal should have been completely finalized before he ever promoted. I can give him a pass on that one. If it happens again; no such pass. I also liked his comment on the cc that the stock price and/or the market cap was "a joke". I believe he has a pretty good idea where this should be heading, and is honestly surprised at the pullback. My biggest concern going forward is how Joel will be managing these future properties. You need decent management to expand as is planned. Hopefully, the people he hires will take shares in MJMJ in exchange for a smaller salary. I've been in the travel industry for the last twenty years. I've witnessed a number of new niches created along the way. These things don't happen overnight. I'm fairly certain that the Cannabis Friendly Travel niche will be successful, however it's not always the first one's to the party that are the winners. Sometimes it's someone a bit later on that learns from the true pioneers. I have no intention on selling anytime soon. There is great risk with this stock, but I believe greater rewards. Not quite as confident as I was a couple of months ago, but still fairly confident. This is simply my opinion. One final comment...
If someone truly hates a stock and believes it will be a total bust, why would you spend any part of your life monitoring that stock? Life is too short. Find something you truly love, and keep your eye on that prize. And as a tribute to my typing teacher, Sister Edith, I will type out in full, Good Luck To All!
Fallon's Pro and Con segment was funny.
The beauty is the mainstream showcase of
MJMJ without a penny of advertising. This bit
which took about 3 minutes would have been pricey
if it was a commercial. Any mention and promotion
of the brand through these mediums is truly priceless.
Canna Camp will be known by many before it even checks
in its first guests.
Not wanting to intrude, but I call Webby about once
a year or so. Eyesight is gone, but he sounds like
a happy man. Spending much time with his grandchildren.
He genuinely believed in this stock, and I believe he
may still have some shares from way back when.
You may recall his own MCET (EXTI) web site back in the day.
He started putting pix of coins at the top of the home page.
I first saw the page with maybe pix of two or three pennies,
then he went to a nickel, dime, etc... I emailed him that
I thought his approach was a bit over the top with enthusiasm.
He discontinued the coins on top after he heard my reasoning.
Just felt he needed to focus on the science behind the company,
along with the many big names, both businesses and scientists
involved with MCET (EXTI). Some thought he was just a pumper,
but I'm fairly certain that wasn't the case. I remember the
day we closed over one dollar; $1.16 to be exact...$5.80
factoring in the old 1 for 5 reverse split. Many thought nobody
would ever have an opportunity of purchasing below $1.00 again.
I'd settle for a penny right now!
I'm not certain, but I know I've been in this stock for over 15
years. Found out no matter how I try, I still can't
average down to zero!
I know t's&g's is still around, but miss the
raging bull days when there were a number of people actively discussing the science behind MCET's discoveries. I'd be the first to admit I didn't understand every aspect of what they were
doing and/or trying to do, but the level of discussion back then was the most detailed and highly educated as any board I've ever followed. There was a gentleman (fadein) was his user name. He was either part or whole Native American, and had written a book
regarding such. He ending each posting with PPP, which meant
patience, patience, patience. Lord knows I didn't think he meant
15+ years.
Anyway, if I haven't put everyone to sleep by now, I'll wish everyone the best in all their investing, and at .0002 to quote
fadein, "PPP". (Not too many other options at this point!)
BUD + BREAKFAST Trademark
Something seemingly insignificant
as holding this TM could one day
be worth quite a bit of money.
GLTA, and get well to ALL PROFITS.
ALL PROFITS has been out of circulation
since MJMJ headed away from the trips
he/she predicted. One day that may
be the case, but if MJMJ continues
expanding, I doubt trips are in the
near future. But, I've been wrong before.
To quote the late great Rodney Dangerfield
or possibly George Carlin,
"Everything is going up today; 5 & 10 is 10 & 25,
tattoo is tat-three, pumpernickel is pumperdime,
even the price of down is going up."
Interesting info on the Magna Group. Thank you Duke. What I'd really love to know is the status of the 10% of their "partnerships" that weren't a complete failure. Although each company's financing is absorbed/differentiated by their business plan, industry, or niche, a 10% success rate is not exactly the proverbial needle in a haystack. Anybody walking up to a slot machine in Vegas would sign on in a heartbeat for a 10% success rate. So (to me at least) MJMJ is a better play than Vegas. The key is how they're able to launch this new travel niche/concept. If there's really a demand for this type of travel (still to be proven of course), and MJMJ is one of the first companies out of the gate, it might bring up Magna's success rate a tick or two. Once again, the best of everything to one and all.
Okay, I'll give it one more try. Your blanket statement of
"more of something there is the less valuable" is true on many occasions, but certainly not all. If one was to interpret your comment literally, then all forward stock splits would result in less value. The individual share value may decline, but the total value of one's holdings would most likely increase. That being said, I'm still not happy with the 1 billion a/s, but do like their business niche. Only time will tell if proceeds received from any of these additional stock sales will grow the business accordingly.
Have seen worse stocks prosper, and seemingly sure bet stocks falter. Allprofits, I find your stated intentions of informing newcomers to the share structure admirable, but you seemingly delight in admonishing people that may still be buying, or even bought within the past weeks. I appreciate your opinion, but your
style of expressing it is, shall we say, a little over the top.
Nonetheless, good luck to you in all your endeavors, and to anyone else investing in this or any other stocks.
Well, I wish I didn't take your "being long is how to always lose and I mean always" advice for my shares in Priceline many years ago.
Made a few dollars, but that was the one stock that I should have been long on. You may very well be right with MJMJ. Very difficult to make a valid argument with the current share structure,
but to say being long is how to always lose, well that's too absolute, and there's too many instances to go against your theory. If it works for you, that's great. I wish everyone the best, no matter which way they choose to invest.
Authorized shares increasing to 1 billion is old news. (I hope everyone investing in MJMJ or any other stock would read filings as soon as they are available.) This increase is why we've been going down of late. I'm not as concerned with the 1 billion authorization, as the fact they had increased to 200 million a month earlier. I believe they've discovered a niche market in the travel industry. Their business model could expand significantly if there is a true demand. I've been in the travel industry for over 20 years, am not a "bud" fan, however am impressed with what they're trying to do. I'm disappointed at the A/S going so high within a 30 day period, but still think they may be able to tap into a new travel market. Being first to the party can be a very good thing. Just hope they didn't leave their car running in the driveway. I'm long, was up some, now down a bit, but will add some more. All the best to everyone here.
La Jolla interest in MCET
Does anyone have any idea why LaJolla
continues to invest in MCET? Raising the
authorized share number is the only way
to keep La Jolla under 10%...is that correct?
Know there's a million comical answers to
my questions, but does anyone seriously know?
Don't think too many folks here have been with
this company since the 90's, but just when
it looks like the proverbial towel is
being thrown in, or the significantly
overweight lady (or man) is getting ready
to sing, they get their 10-K filed
yet again. Is there any other reporting
company that trades at .0002 - .0003?
And if t's&g's is checking in,
I'm glad you're still around too.
Completion of $5,000,000 sale means what?
The way I read this transaction, the $5,000.000
received is in preferred shares of the subsidiary
company that they previously owned in total.
Unless the cash compensation and dividend amounts
to anything, didn't this sale weaken their
balance sheet, or am I missing something?
Believe me, I want this stock to go up since
I had first purchased some at almost half a penny
last year. GLTA
Merger could be the reason.
BTW, where are you seeing a stock quote
for TECHNIS? Haven't had success locating.
Thanks
Gordon Johnson Any Opinions Welcome
1st I've been with this stock for a while,
and like many I'm down at this point.
Not sure if this has been discussed.
Forgive me if it has.
Gordon Johnson CEO of Bayside becomes
CEO of Technis. Bayside sells Bayside Petroleum
to Technis for 5 million dollars. The 5 million
is in the form of preferred stock in the company
it just sold. So instead of Bayside owning Bayside
Petroleum in total, Bayside now owns 5 million
dollars in preferred stock. The only variable
missing is a reference to an "additional cash
consideration". Unless the cash consideration
or dividend is something of value, wouldn't we
actually own less at this point?
And for anyone who didn't make it over to the Technis
website, it simply mentions the resignation of their
CEO as of January 9th, Mr. Gordon Johnson replacing him,
and also the resignation of two board members, but
no mention of their replacements.
I hope for everyone's sake, including my own,
this is progress, but personally I would have felt
more comfortable if the company purchasing Bayside
Petroleum wasn't a very busy Mr. Johnson. That's
my 2 cents, and boy I bet we'd all love to see 2 cents!