With the NFL season a few weeks away before the first kickoff, some investors have already begun to plan ahead by grabbing a small piece of a new penny stock, Major League Football, Inc. (MLFB), while it’s still known as Universal Capital Management, Inc. Having just recently done a reverse split and brought in some NFL legends to run the Company as it prepares to launch in the Spring of 2016, shares of MLFB stock have already been getting stockpiled by those who noticed that the float was just too small to pass up on. Although it sounds like quite a feat to tackle the NFL, NCAA, CFL and every other organized league that uses the pigskin, timing themselves out of their seasons as to avoid any direct competition with them might be the ticket to an exciting new alternative.
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MLFB Stock Quote
Market Cap: 60.53M
Last: 1.56 ▲ +0.03 (+1.96%)
Dollar Volume: $1,872
14-Day RSI: 84.66%
1st Resistance Point:
1st Support Level:
52Wk High: 1.60
52Wk Low: 0.05
A week or so ago, on July 14, 2014, Major League Football, LLC reverse merged into the shell of Universal Capital Management and brought along with it their assets, primarily comprised of business plans and related proprietary documents, trademarks and other related intellectual property related to the development of a professional spring/summer football league to be known as “Major League Football.” Headed by two former NFL greats,Thomas J. Marino, MLF’s founder and Executive Chairman of the Board, and Wesley Chandler, President / Secretary, the future looks bright for MLFB.
The website for Major League Football gives very little details at present since it is only a temporary site, still under construction, before the fully interactive media experience can be viewed by the general public. However, what is in plain site is the status of the approximately 38,800,000 issued and outstanding shares of MLFB stock.
On the date when the asset purchase agreement was signed with Major League Football, LLC,
Thomas Marino was issued 8,000,000 shares;
Wesley Chandler was issued 6,000,000 shares,
Ivory Sully, Vice President – Licensing, was issued 1,000,000 shares;
Rick Smith, COO, was issued 6,000,000 shares; and
Michael Queen, Executive Vice President, was issued 5,453,516 shares
That 26.54 million shares of MLFB stock held by insiders of the 38,987,514 issued on that date immediately places MLFB on the list of low float penny stocks that must be on everyone’s watch lists. Although it clearly states on the limited digital content sites that the kickoff for Major League Football won’t take place until the Spring of 2016, it has already been proven that MLFB stock is one the radar screens of those looking for a hail mary play similar to what Boston College pulled off back in 1984 that launched Doug Flutie’s professional career.
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About MLFB Stock
Major League Football, Inc., currently known as Universal Capital Management, Inc., is a development stage company seeking to establish, develop and operate a professional spring/summer football league to be known as “Major League Football,” to operate as a single entity owned, stand alone, dominant independent sports league.
Issued and Outstanding: 38,987,514 (approx.)
Last 5 Trading Sessions:
It won’t be until the Q3 filings come out that we’ll get a real chance to see what kind of operating account MLFB has behind it, or what sort of liabilities they are already carrying on their books. Seeing as how the company plans to hold their Annual Meeting of Stockholders in September, having a chance to look over MLFB stock before that could make it worth adding to your list of penny stocks to watch this summer.