Upon discovering 6God @the6boomin on Twitter and subsequently Ernest Valenzuela @MONSTAMONEYMOVA, I became familiar with $MCGI, a stock trading on the OTC markets. The wild west of the stock trading world.
Buy Alert
31 Dec 2018 @the6boomin Filled $MCGI .0002 and on bid for more
So why does 6God this guy who has 1,542 followers on twitter buy a company that is almost worthless?
I think he read the news and figured that they were going to pull something and he would load it before..
So, News:
https://fintel.io/s/us/mcgi
They announced a bunch of stuff in Dec 2018 about acquiring a company, extinguishment of debt, and
the company they're acquiring becoming a factory direct dealer for another billion dollar manufacturer.
Sounds good, but remember this is a company trading at .0002 cents..
Fast forward to this bit of news:
Bad News Alert
22 Jan @MONSTAMONEYMOVA reports "fat RS PRE 14C filing wow what a devastating AH blow here is the SEC report 'horrified ghost emoji' (no I was not in the stock)
https://sec.report/Document/
Translated: They are going to issue tons more shares to make money by dumping a lot of shares into the market because $MCGI doesn't have hardly any real consistent revenue.
I bought $MSGI on 1/11/19 at .0002
Then I actually did some research and was waiting for the audited statements as expected from this piece of news on 1/23/19 within 2 weeks. When that didn't happen I sold for a loss.
http://globenewswire.com/news-release/2019/01/23/1704179/0/en/MCGI-In-Discussion-With-Institutional-Investor-And-To-Undergo-Restructuring-To-Uplist-To-OTCQB.html
But they did release the financials today on 2/15/19 and it spiked up to .0006. I could have made easily 250%. But I wasn't patient enough.
