Momentous Entertainment Group (fka MMEG)

[RockRoll]

A ramble once in a while is fine, (my turn) and sometimes - a tin foil hat does the trick for me.

Normally when a stock dilutes massively, the PPS goes down as the volume increases towards the end of a conversion burn. In this case, the volume blew up towards the end of the day and in fact gained a 146 million after hours.

My experience with dilution (2 occasions) were waaay different from what's going here.

The first time, the company was [looking back with hindsight] a fraud. They were not current - put always saying preparing filings, hiring accounting firm, blah blah blah. They went from a stop sign to skull&crossbones on the OTC. They made a loan deal involving shares with Ironridge to settle debt and to grow company (but no LOI, no signs of a plan, nothing). The dilution occurred as you said, the PPS went down from .0045 to .0001 -- then delisted. The whole thing was a scam and eventually the bids were "drying up," especially when they reached trips. Then they got de-listed. I pulled out too late and lost $$.

The second company was current, had a good business plan (so it seemed). But the CEO was a fraud! They stopped their filings (announcing they are working on going current). A few lawsuits later they announced a loan deal for shares to settle debt, etc ... with Ironridge. I got out, but lost little. It went from .0077 (my entry point) to yes, .0001 and no bid. Again the volume started drying up as it went into the trips and NOBODY was buying!

Here, MMEG has consistently been current, and the loan for shares are for REAL acquisitions. they bought Poolworks & Chimera, and have LOI for Neurofuse & Blackfox. The risk here is still high, but the business plan is still solid. The dilution began -- and we all knew it was coming -- and the PPS dropped.
BUT, the volume has been high here. There were days I would be dumbfounded that 10s of millions were lined up on the Bid and other days the Ask gets hit hard. No PRs or news. Days on end of big volume and strong bid support, even while the bid was getting assaulted! Then the volume the last two days was unreal: 418mil & over 670mil! And yesterday, the PPS went up! We started the week at .0004 and ended at .0008 -- with the 8s getting hit hard. No news or PRs, I'm sure its happened before, but I never saw this first-hand and don't know what to make of it, other than it has to be a positive sign.
If things work out here, and future deals, PRs, and filing are very good ... PPS is going up, BUT a ton of shares were bought in tripsvilles, many people will be cashing out locking in profits creating speed bumps during the climb.
We just have to be patient, and have the Mylanta ready when some trading days drive us up the wall. Still have a looong way to go, but us longs know that already ... this is going to take time.

Holding & praying, with fingers crossed.