Mag Mile Capital Inc (MMCP)

[mythical_phenix]

Not much action on the big VNMC board, not even with some paid promotion. Maybe they need to find better promoters. LOL!

In any case the 'company' issued a press release where they gush on with some ridiculous revenue predictions for one PT Mega Kencana Persada, purportedly an Indonesian company in the limestone business.

VNMC's web site claims they control 75% of big PT Mega:

VNMC has acquired a 75% equity interest in PT Mega Kencana Persada.

In today's press release, Big Jalani Haniffa implies this is all part of VNMC:

Jalani Haniffa, President of VNMC, stated, "We are very pleased with the progress at PT Mega Kencana and look forward to going into production early next year. Together with the acquisition of the silica sand company in Central Vietnam, we are confident that VNMC can reach revenue levels of $130 - $150 million by the end of the second year after production begins."

Yet a cursory reading of the most recent 'financial report' tells us this:

On April 29, 2014, the Company signed a Purchase and Sale Agreement with PT Mega Kencana Persada, an Indonesian company, to acquire a 75% equity interest in a 330-hectare limestone stone concession in Mandailing Natal Regency, North Sumatra Province, Indonesia, in exchange for US$4,750,000 in a combination of cash and stock to be determined by both parties prior to the closing date. The closing date of this transaction has been extended to December 31, 2014, unless further extended in writing by all parties due to additional due diligence and financing requirements.

I don't what is more ridiculous: false and/or misleading press releases, ridiculous revenue predictions, or the fact that a company whose total assets are $11.00 at last report is going to do much of anything in the way of actual buying.
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