I have a better plan. How about really EXAMINING the mCig BUSINESS PLAN. If you really examine it you will find that mCig is flimsy, undercapitalized, and sells a generic product. Everything about this stock promotion is bush league.
( from the PNG Exposed website re: Bougainville )
"In what seems a relentless cycle of resource companies lining up to take a bite out of Bougainville, on Monday Nevis Capital Corporation purchased a 50% stake in Tall J (PNG) Ltd (see the announcement below).
Tall J, is currently owned by Stephen Strauss, whose was the subject of a expose published via the MicroKhan blog in 2011, which includes a detailed response from Strauss himself (see below).
According to the company press release Tall J has rights to pristine Bougainville forest with timber valued at $1.3 billion, in addition to mineral exploration rights over 255,000 acres of land.
So what do we know about this company who has evidently purchased a large chunk of Bougainville? Not much. It has one subsidiary, registered in, gulp, Costa Rica, which focuses on the online gaming industry. From one swindling industry to another, it would seem.
And the company’s website hardly inspires confidence, either.
But as long as government economic policy hinges on the mirage of resource fuelled riches, companies like these will come sniffing for a quick buck; because like at the casino, the house always wins!.."
Australian junior Cue Energy is looking to sell down its portfolio in Papua New Guinea and is currently testing the market.
The company announced it was testing the market for the sale of its asset portfolio in the country.
Cue owns a 5.5% interest in PDL 3 Gobe field and a 3.2% interest in the Gobe Unit, which is set to send gas to the PNG liquefied natural gas pipeline by the end of August.
Construction facilities associated with this gas and gas cap is continuing.
Cue’s share of oil sales was 3409 barrels of oil from the Gobe field during the quarter, which resulted in A$410,000 in revenue for the company.
It also owns a 10.9% interest in PRL14 and a 14.8% interest in PRL9 where Oil Search acts as the operator. These permits are currently in their exploration phase.
The company said the marketing of the portfolio was well advanced. It is also farming down the Mahakam Hilir production sharing contract in Indonesia and WA-359-P in the Carnarvon basin in Western Australia...
1. you're a paid pumper
2. you gambled more than you can afford to lose and are "panicked" that this penny will channel back to $1.50
3. you learned about global politics and the global energy markets on the back of a Rice Krispies box
WHY? Because they have shares they need to UNLOAD
Sentiment: Strong Sell
IMO, be wary of any PR's or "spin" on the financials prior to the actual filing. IMO. no one should play with any penny stock without READING EVER WORD of EVERY 10-K and 10-Q issued. Pay attention to disclosure on internal accounting controls etc. Read all the "Notes" to the financial statementts
This has nothing to do with mCig which is a penny stock promotion with over 270 million shares outstanding and only 1 employee. How much do you know about Paul Rosenberg and the REAL FUNDAMENTALS of mCig? ZERO?
Why would you buy something selling for almost .50 cents that is worth less than a penny?
I believe the 10-K was filed in mid-September last year so a few weeks before the audited financials are released. The only recent 'news' was the resignation of MPET's lawyer, C. Mark Brannum.
CAVEAT EMPTOR -- DD and Research suggested
Sentiment: Strong Sell