Atina- Do you still own all your shares? If so, why so negative lately? IMO being negative only encourages people to sell into the bid which just makes it take longer for the PPS to go up. It's definitely frustrating with the PPS so low but we're going to see a correction soon. It's taking a lot longer for MMEG to get off the ground than we all thought but the company is doing the right things at the right time. You know as well as I that MMEG is not in it for the short term but is doing things that will benefit the company in the long run and will in turn benefit the shareholders.
It just seems that if you hold a lot of shares you would want this to go up instead of down. This is still the same good company you once believed in and believe it or not the share structure is actually in real good shape. The OS is close to being locked down and the float is getting smaller day after day. $200k worth of common stock or 400 mil shares for BlackFox due at closing has already been diluted back on 8/16 and is part of the 2.4 billion OS in the latest filing and is now restricted for 6 months. Also 150 million common shares for the Employee benefit package is also restricted, then we have 20% common shares Vert owns restricted as well. When you add up everything restricted plus all the shares the Longs hold plus all the volume and strong accumulation over the past several months with the list of Longs getting bigger by the day you can see just how low the actual float is. Its actually really low given the super low PPS we're at right now. It's not going to take much to push the PPS up higher and higher. IMO, the EOD's we saw on Friday was not dilution but cross trades. MM's are catering to whatever's on bid. We slap the ask, it goes up. Friday I slapped it for 1mil
2 minutes before close, brokerages are obligated to fill at best price available. If so many 2's we're actually available why did I get filled at 3 and not 2? Right after close a bunch of 2's appeared to be dumped. It's Cross trading between MM's and not dilution. I hope everyone reads this and quits demanding low PPS by bid sitting and instead gives good bid support and slaps the ask. It's time to move this thing up!
Take care and have a good Labor Day weekend and I hope all is well with you and the recent flooding in your area. Thoughts and prayers out to you and your family!
Marxbys
$MMEG
AI
