I bought into MMEG in March with an entry point of .0024-.0026. I did some DD and read the DD already done by some great posters here on the board. I really liked the potential here. Reading their filings I understood this is a "buy&hold" stock. Something I don't like to do in pennyland, and I'm not savvy enough to consistently "flip" tickers. I bought a modest and decent amount - and became a Long. I realized dilution was coming but I saw that Chimera Games & Poolworks deals had closed, so I saw the dilution was an important part of their acquisition plan. More LOIs were announced (Neurofuse & Blackfox) and confirmed to me MMEG was sticking with the plan. I knew it would be the Q4's 10-Q that would really paint the picture of what we have here.
The dilution began, and as expected the PPS dropped, and I had set aside $$$ to pick-up more shares when that would happen to increase position and average down. I thought it wouldn't get below .0014-.0015 and bought a lot there and average down to around .002.
The dilution continued and the PPS continued dropping (I did not like that...who would?) right into trips. Then everything became massive .. massive hitting of the Ask & the Bid, massive volume. And I picked up about half my holdings in tripsville and averaged down to .0013. And now the Blackfox deal is finalized! Though my "quesstimation" of the scale of the dilution and the PPS drop was off, my timetable of the Q4 10-Q still holds firm a for answering questions, particularly in regards to Revs/profits.
The 10-q for Q2 is days away, and the critics are on overdrive(?). Wait and see what is says. Crying a river on this board about how you're entry 1-2weeks ago at .0009 now lost half it's value to people who have been here 6-8months and their entry point was waaaay higher [I would love to have averaged down to .0009!!!], is a bit insensitive. I know some criticism is good and only contributes to digging for more information and DD, but some gets ridiculous (I'm not great at analogies, but it's like a guy complaining about a dislocated shoulder to a double amputee).
This is still a high risk investment, still a lot of work that needs to be done AND a lot that has already been done; and MMEG still has a lot of potential. Revs/profits are the only key here (along with fixing the SS after all is said & done) and I hope things work out the way I believe they will and the PPS climbs ... and the board becomes snowflake free. If it does not .... I will have to button my lips and take the "I told you so's," and apologize for calling the snowflakes, snowflakes.
