{"id":8083,"date":"2016-06-16T12:02:05","date_gmt":"2016-06-16T12:02:05","guid":{"rendered":"\/?p=8083"},"modified":"2016-06-16T12:14:37","modified_gmt":"2016-06-16T12:14:37","slug":"music-of-your-life-inc-otcmktsmyli-gets-a-pump","status":"publish","type":"post","link":"\/articles\/music-of-your-life-inc-otcmktsmyli-gets-a-pump\/","title":{"rendered":"Music of Your Life Inc. (OTCMKTS:MYLI) Gets A Pump"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93730\/myli.png\" border=\"0\" width=\"433\" height=\"193\" \/>Music of Your Life Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MYLI\">MYLI<\/a>) managed to make quite the astonishing jump yesterday &ndash; too bad it was fueled by paid pumping rather than anything else. <\/p>\n<p>A quick glance into the affairs of one of the OTC Markets&#8217; most impressive climbers yesterday reveals that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MYLI\">MYLI<\/a><\/strong> seems to be just your average ordinary pump job. All the classical ingredients are certainly present.<\/p>\n<p>Firstly, we have an unimpressive entity with little to no commercial achievements, no assets and overall &ndash; very little going for it. And if you think that description is a bit harsh, just take a look at what its latest financial report has to offer:<\/p>\n<ul>\n<li>Cash and cash equivalents &#8211; $10 thousand<\/li>\n<li>Total Current Assets &#8211; $26 thousand<\/li>\n<li>Total Current Liabilities &#8211; $1.6 MILLION<\/li>\n<li>Net Revenues &#8211; $0.3 thousand<\/li>\n<li>Net Loss &#8211; $517 thousand<\/li>\n<\/ul>\n<p>Perceptive investors would have noticed the exorbitant sum that said report has listed under &ldquo;<em>current liabilities<\/em>&rdquo;. Seeing as how we&#8217;re talking about a dubious OTC Markets pinksheets company who is currently on the receiving end of a paid pump campaign, it should come as no surprise to anyone that serious portions of that debt carry convertible provisions that allow its owners to turn it into <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MYLI\">MYLI<\/a><\/strong> stock at either<\/p>\n<p>&ldquo;<em>50% of the lowest closing bid price during the 30 Trading Day period prior to the Conversion Date&rdquo;<\/em><\/p>\n<p>or<\/p>\n<p><em>&ldquo;lesser of (a) 55% of the lowest Trading Price during the 25 Trading Day period prior to the Conversion Date or (b) $.00605 per share&rdquo;<\/em><\/p>\n<p>This should be enough of an indicator as to what we are currently witnessing here, and how investors should regard <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MYLI\">MYLI<\/a><\/strong> in its present state.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/93\/93730\/zcxvxzvz___copy.png\" border=\"0\" width=\"180\" height=\"45\" \/>In conclusion &#8211; let the buyer beware.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Music of Your Life Inc. (OTCMKTS:MYLI) managed to make quite the astonishing jump yesterday &ndash; too bad it was fueled by paid pumping rather than anything else. A quick glance into the affairs of&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2002],"class_list":["post-8083","post","type-post","status-publish","format-standard","hentry","category-news","tag-myli"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=8083"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/8083\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=8083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=8083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=8083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}