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Posted On: 03/05/2017 9:29:10 AM
Post# of 12259
Re: #1 Red Sox Fan #11741
Date: Sun 2017-03-05
Dear #1 Red Sox Fan:
Re: www.otcmarkets.com/stock/MNGG/profile
Yes! OTC (over the counter) markets report on MNGG shares correct!
Market Value (based on OS) US$ 65 852 a/o (as of) Fri Mar 03, 2017
AS (authorized shares) 6 810 000 000 ao June 06, 2016
OS (outstanding shares) 6 585 161 617 ao June 06, 2016
Restricted NA (not available)
Unrestricted NA (not available)
Float (freely tradeable shares) 5 923 361 617 ao June 06, 2016
Confusing though is why OTC has listed "unrestricted shares" as separate from "float" which, by definition, means freely tradeable shares. On the other hand, the listing of "restricted shares" valid as these shares cannot be bought or sold for fixed period; or until restricted legends removed. For further interest, note market value US$ 65 852 as of Fri Mar 03, 2017. An indirect way of saying stock price US$ 00001 per share as of cited date.
Our new CEO (chief executive officer)! We hope he/she is reading us, and taking into account our deep concern about RS (reverse split). Presently, MNGG is at best in "suspended animation". However, invoking normal RS irrespective of size would most assuredly kill MNGG because we ould never recover from the dilution. Yet I wish to reiterate that I would be open to RS under one exceptional condition: new CEO has found prolific gold mine producing say over US$ 25 000 000 gold per annum; mine reserve life 25 years or more. "Angel investor" ready to provide altruistic funding in cash and convertible stock at a premium to the market price of stock. Such conversion termed "accretive" as it adds value to NAS (net asset value) of stock. By contrast, prevailing conversion at discount to market price is inherently dilutive as it devalues NAS, and it is such toxic funding that continues to kill micro cap or sub-penny stocks. If our new CEO would provide accretive funding then, and only then, I would embrace RS.Flexibility occasionally! Yes!
Greetings
Sincerely
Bonis Omnibus (Prosperity for All)
Dear #1 Red Sox Fan:
Re: www.otcmarkets.com/stock/MNGG/profile
Yes! OTC (over the counter) markets report on MNGG shares correct!
Market Value (based on OS) US$ 65 852 a/o (as of) Fri Mar 03, 2017
AS (authorized shares) 6 810 000 000 ao June 06, 2016
OS (outstanding shares) 6 585 161 617 ao June 06, 2016
Restricted NA (not available)
Unrestricted NA (not available)
Float (freely tradeable shares) 5 923 361 617 ao June 06, 2016
Confusing though is why OTC has listed "unrestricted shares" as separate from "float" which, by definition, means freely tradeable shares. On the other hand, the listing of "restricted shares" valid as these shares cannot be bought or sold for fixed period; or until restricted legends removed. For further interest, note market value US$ 65 852 as of Fri Mar 03, 2017. An indirect way of saying stock price US$ 00001 per share as of cited date.
Our new CEO (chief executive officer)! We hope he/she is reading us, and taking into account our deep concern about RS (reverse split). Presently, MNGG is at best in "suspended animation". However, invoking normal RS irrespective of size would most assuredly kill MNGG because we ould never recover from the dilution. Yet I wish to reiterate that I would be open to RS under one exceptional condition: new CEO has found prolific gold mine producing say over US$ 25 000 000 gold per annum; mine reserve life 25 years or more. "Angel investor" ready to provide altruistic funding in cash and convertible stock at a premium to the market price of stock. Such conversion termed "accretive" as it adds value to NAS (net asset value) of stock. By contrast, prevailing conversion at discount to market price is inherently dilutive as it devalues NAS, and it is such toxic funding that continues to kill micro cap or sub-penny stocks. If our new CEO would provide accretive funding then, and only then, I would embrace RS.Flexibility occasionally! Yes!
Greetings
Sincerely
Bonis Omnibus (Prosperity for All)
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