MV Portfolios Inc. (fka MVPI)

[lesnshawn]

Ricky: And that sucks but it's a patent play w/, let's face it, "death spiral financing" on the likes of NE*M.

The lawsuit is going to drag on for a while...a good while...like, maybe years. I've seen it before many times.

Heed the warning:

Liquidity and Capital Resources

Our cash and cash equivalents balance as of September 30, 2014 was $554,503 compared to $1,468,401 as of June 30, 2014. The decrease resulted primarily from the repayment of $300,000 of convertible notes and compensation expense to officers and employees of the Company.

In the future, we expect to seek to raise additional capital through additional sales of our equity or debt securities. There can be no assurance, however, that such financing will be available to us or, if it is available, that it will be available on terms acceptable to us and that it will be sufficient to fund our expected needs. If we are unable to obtain sufficient financing, we may not be able to proceed with our new business plan or meet our ongoing operational working capital needs.

DILUTION MACHINE written all over it. Check my posting history, I know what I'm talking about. It's all about the money now and nothing else...at the expense of the common shareholder.

I almost fell off my chair when I saw the promo for this "follow the billionaire" play.

10%!? That's it!? 80% control by a billionaire of an empty shell ripe for a RM play is what I'd be looking for, and it's out there. I know what I'm talking about.

Ugh, penny land. SOON to be outta here!

lns