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Bullboard - Stock Discussion Forum Media Central Corp. FBOP

Media Central Corporation Inc. is an independent and alternative media company situated to acquire and develop high-quality publishing assets, starting with the recent launch of CannCentral.com, a robust news, lifestyle and community cannabis platform curated for the human experience. Our strategic corporate team is composed of publishing, technology and capital markets professionals who are... see more

GREY:FBOP - Post Discussion

Media Central Corp. > What I want to see before investing (#2)
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Post by PitchinPennies on Dec 22, 2020 4:09pm

What I want to see before investing (#2)

2. Leadership Plan
 
Who is running this s***show? The recently appointed president doesn't seem to actually be a working president. Kirk MacDonald is the same semi-retired American gentleman who put in time with this group since spending a year with the Toronto Star, is on record declaring Brian Kalish a genius, and he's likely the same guy who encouraged Kalish to think there was an automatic money-printing machine hidden somewhere on the Interwebs, if you could just find it. 
 
MacDonald doesn't seem to want the job -- he doesn't seem to even want to acknowledge the existence of NOW Toronto, where he's based -- and he's certainly not the guy to pick up the rate cards and start spending long hours working the phones trying to actually bring some dough into this failed enterprise. Can he inspire others to do the job? Uh.
 
Mac Daddy made his mark several decades back in Denver at the daily rag. The alt-weekly in Denver is "Westword," which has done okay by selling numerous back-of-paper ads to the hundreds of retail cannabis stores in the city. If Media Half-a-Cent-ral had anyone in charge, they would build a strategy to start bringing in ad revenue from Toronto and Vancouver's burgeoning retail cannabis stores (compliant with local regulations, of course.) 
 
How many ads in this category have NOW and Georgia Straight run in 2020? Er, basically none. 
 
And then there's Larry "Go" Bleau who used to publish "I Gotta Go" magazine until Covid came along. His sales model is: You give me money and I'll print your ad and then I'll get a freelance writer to type up a flattering article about you. This has been a semi-viable model for bottom-feeder throwaway publications, but someone still needs to make the effort and do the work of revenue generation. Who will that be? The president? The CEO? What exactly is it that these two figureheads are supposed to provide?
Comment by McRambus on Dec 23, 2020 7:54am
Blah blah blah... Can you kindly inform this board on how much you are losing here? Is it 90% or are you a disgruntled Augusta shareholder who's down 99%? Myself? I'm waiting for 1/2 milion at a 1/2. If I lose, so be it I accept the risk. Oh, and please post the orderbook. Make sure you post the one for 5am lol.
Comment by PitchinPennies on Jan 06, 2021 10:02am
McDoofus, you are that rare occurrence of a turd that happens to land on a FLYY. Perhaps someone will try to explain the joke to you. Meanwhile, as a new year's resolution, I think I'll stop watching this stock. ReallityCheck makes the most sense of anyone here when he says that FLYY is flying toward a destination called Splatt.  
Comment by McRambus on Jan 08, 2021 9:53am
Still disgruntled I see. Please post the order book. lmao. Over 19 million shares of support. lol I'm still waiting for you to disclose how much you're losing here.
Comment by Reallitycheck on Jan 08, 2021 10:55am
19 mil an impressive number to be sure but at half a cent it's only $95k. Also let's not forget that with acquisition/merger there'll be almost 550 mil o/s shares. Again an impressive number but just think about it since it basically means an MC of almost $3M and EV of I don't know say close to $5M. So at even say 20 times EBITDA usually reserved for still growing at a nice pace ...more  
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