Mill City Ventures III Ltd (MCVT) News

MCVT:In Naz now.

MCVT moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Deletions

MCVT: one for 2.25 reverse split. Stock rose 70% from $2.50 to $4.25....imagine that.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

$MCVT: Pretty nice run since January.... $0.60 to 6.40


The one that got away



GO $MCVT

Test .55

Poker Magic Inc., POKR changed to Mill City Ventures III, Ltd., MCVT:

http://www.otcbb.com/asp/dailylist_detail.asp?d=01/18/2013&mkt_ctg=OTCBB

POKR - Poker Magic, Inc. (POKRD: OTC Link/FINRA BB) | Symbol Change

The 'D' is gone - finally.

News Link

GLTA
Bob

POKRD - Quarterly Report (10-Q)

10-Q Link

GLTA
Bob

POKRD - The D is still on the ticker even though more than 20 days have passed.

GLTA
Bob

POKRD - The D has been aded to the ticker. It looks like the 20 day counter starts now.

GLTA
Bob

POKR - Te R/S is 1 for every 11 shares

GLTA
Bob

POKR - 8-K Reverse Split:

8-K Link

GLTA
Bob

POKR - Quarterly Report (10-Q)

10-Q Link

GLTA
Bob

POKR - The 10-Q is due within the next week or so. I don't expect to see anything encouraging in the report.

GLTA
Bob

POKR - There doesn't appear to be anything going on here.

GLTA
Bob

POKR - - Quarterly Report (10-Q)

Quarterly Report (10-Q)

GLTA
Bob

POKR - There sure isn't much going on here.

GLTA
Bob

POKR - 1 year price chart:



GLTA
Bob

POKR - IBOX update

GLTA
Bob

POKR - News page on IHUB with several links:

POKR

GLTA
Bob

Maybe POKR will get hot soon.

POKR - From 10-Q dated 11-9-2011:

General Overview

Poker Magic Inc. is a Minnesota corporation formed in January 2006. In this report, we refer to Poker Magic, Inc. as “we,” “us,” “Poker Magic” or the “Company.” We are a development-stage company focused on promoting and placing our Winner’s Pot Poker game into casinos and entertainment facilities country-wide, including those located in Native American tribal lands. We believe that the long-term success of our operations will be determined by our ability to bring new and innovative products, game play and services to the market.

Our current gaming product is “Winner’s Pot Poker,” which is a table game form of five-card stud poker. In the Winner’s Pot Poker game, the dealer deals each player, and the dealer himself, two cards face down and three cards face up. Each player “antes” before the deal to be eligible to receive cards in the game. After each player has received his or her first three cards from the dealer, each player may either fold or place a first bet equal to the ante. The first bet may not be any more or less than the ante. After the next card is dealt, each of the remaining players has a choice between folding or placing a second bet that must be equal to twice the ante. The dealer may not fold. After the last card is dealt, the hands are compared and the winning hand (determined by using standard poker rankings) takes a predetermined percentage of the total bets and antes made in the course of the game. In addition, players are entitled to make certain optional “bonus bets.”

For the three and nine months ended September 30, 2011, we did not generate any revenues. For the three and nine months ended September 30, 2011, we also did not incur any revenue-related costs but did incur $23,952 and $88,131 in operating expenses, respectively. Our expenses related primarily to our efforts to market our Winner’s Pot Poker game to casinos and gaming establishments, generate revenues and expand our revenue base, as well as other selling, general and administrative expenses. The most significant components of these other selling, general and administrative expenses were (i) compensation expense attributable to share issuances to executive management for services rendered, and (ii) expenses for professional services such as legal and accounting services.

As of September 30, 2011, we had $10,036 in cash on hand and current liabilities of $191,682, which consist primarily of short-term notes payable to related parties. As of the date of this filing, we had approximately $10,385 in cash on hand, and our management presently believes this cash will be sufficient to continue operations through December 2011. Thereafter, we expect we will require additional capital. If our present expectations relating to our expenses prove inaccurate and we incur more expenses than anticipated, we will be required to obtain additional financing prior to the end of December 2011.

Management believes that the most significant uncertainties facing the Company relate to our ability to generate revenues, the accuracy of our expense forecast, our ability to acquire necessary licenses, registrations and approvals, and our ability to obtain financing when and as needed and on terms acceptable to us. These uncertainties are discussed in greater detail under the caption “Trends and Uncertainties.”

GLTA
Bob

POKR - IBOX Update

GLTA
Bob

POKR - I requested that the company name be changed on the board. It is now Poker Magic Inc.

GLTA
Bob

POKR - As of November 9, 2011 there were 11,180,224 shares outstanding.

POKR - Latest 10-Q:

10-Q

POKR - I have added a link to here from another board.

GL
Bob

POKR - Website:

Website Link

The website is pretty bad.

POKR - SEC Filings:

SEC Filings

POKR - From what I have found, the name of the company is actually/now Poker Magic Inc.

GL
Bob

Downward movement or sideways

4-18-11 still sitting @ .50 cents

4-1-11 50 cents per share

And we are back up to ^61 cents mystery I will keep watching

Poker Magic -55.71% today last trade @ .39 cents

22.22% Neg PPS today somethings going on here I say //Anyone else watching here ???

GM let Us see where We head this week // ???

I will see if I can expand My knowledge here

Casino Airlink INC..

I see the need and I will pursue DD

I see some new interest here anyone else ?

He is now listed as CEO of IVGA:
http://www.otcbb.com/profiles/IVGA.htm

I did a little checking on this.
Casino Airlink was operated by Integrted Marketing Professionals
CEO - William G. Forhan.

Don't know if he is still in charge, but judging by the following article, I would hope not:

Release Date: 11/26/2004
Release Number: 04-2308-ATL (274)
Contact Name: Gloria Della
Phone Number: 202.693.8664

U.S. Labor Department Obtains Settlement with Florida Executive For Misusing 401(k) Assets

Boca Raton, Florida - The U.S. Department of Labor has obtained a settlement permanently barring the former executive of bankrupt Integrated Marketing Professionals, Inc., of Boca Raton, Florida, from serving in a fiduciary capacity or making decisions relating to employee benefit plans governed by the Employee Retirement Income Security Act (ERISA). The department sued William G. Forhan for using $18,996 of the company’s 401(k) plan for his personal benefit.

“The Department of Labor will aggressively enforce the law to protect the retirement funds of this nation’s hardworking men and women,” said Howard Marsh, director of the Atlanta regional office of the Employee Benefits Security Administration (EBSA).The lawsuit filed at the time of the settlement alleges that Forhan improperly transferred plan assets to a business account from which he withdrew assets between November 15, 2002 and March 28, 2003. Integrated Marketing Professionals, after merging with Casino Airlink, Inc., filed for Chapter 7 bankruptcy on January 23, 2002.

The 401(k) plan, funded solely by employee contributions, covered 17 participants and had $76,550 in assets as of November 2002. Forhan has distributed all assets of the 401(k) to participants and furnished appropriate documentation to the Labor Department.

The suit, filed in the federal district court in Fort Lauderdale, resulted from an investigation conducted by EBSA’s Atlanta regional office.

In fiscal year 2004, EBSA achieved record monetary results totaling $3.1 billion for retirement, 401(k), health and other programs. Employers and workers can reach EBSA’s Cincinnati regional office at 404.562.2156 or through EBSA’s toll-free number at 1.866.444.EBSA (3272), for help with problems relating to private-sector retirement and health plans.

(Chao v. Forhan)
Civil Action No. 04-CIV-61524

U.S. Labor Department news releases are accessible on the Internet at www.dol.gov. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the COAST office. Please specify which news release when placing your request at 202.693.7765 or TTY 202.693.7755. The U.S. Department of Labor is committed to providing America's employers and employees with easy access to understandable information on how to comply with its laws and regulations. For more information, please visit www.dol.gov/compliance.