In response to those that have asked:
1. I am now convinced that there will never be a 'launch.' Instead, MGCN will make money by licensing the software to other MLM firms that have a big and savvy enough sales force, and deep enough pockets, to make it work.
2. In any licensing deal, MGCN will get a piece of every transaction, so if ANY firm out there can make the MGCN concept work, there will be big bucks in it for Megachain.
At this point MGCN could still be very, very profitable for shareholders, but it is also very risky.
3. I am still holding a chunk of MGCN in my long term portfolio, but am not spending any more time researching Megachain, because I do not intend to either sell my current shares or buy more until MGCN emerges from the pink sheets. MGCN has been disappointing, but there is a reasonable chance that it will make money in the end.
Still, the vast majority of my other recommendations have gone up. No one bats a thousand. I am now devoting most of my research efforts to TROY group (symbol TROY). TROY has doubled in price since I started recommending it some weeks ago, and I believe can easily double a few more times. For details, check my posts at Subject 31121
Blue Voodoo |
