BIG NEWS on March 2, 2016
MMMW , $300,000 market cap, with no toxic debt is starting to deliver solar units. Any new technology beyond these initial sales and sustained sales could have additional fuel for corporate growth.
THIS PAGE WAS A FINE EXAMPLE OF THE APARENTLY MISLEADING INFORMATION AND PICTURES ONE CAN FIND AT THE MASS MEGAWATTS WEBSITE. AFTER OVER 15 YEARS AS A PUBLICALLY TRADED COMPANY, MMMW HAS ONLY COMPLETED ONE PAYING PROJECT EVER,
AND HAS NEVER REPORTED A QUARTERLY PROFIT.
MMMW HAS YET TO SELL A SINGLE SOLAR UNIT OR TRACKING STSTEM OF ANY TYPE OR KIND TO DATE (4/22/2016), THIS IS DESPITE MMMW PUBLISHING SEVERAL VERY MISLEADING PR's TO THE CONTRARY (the above poorly ad-libed PR exerpt well serves to exemplify the most recent [3/02/16] misleading MMMW PR campaign, and only perpetuates the 15 year old lie that "sales have or will soon close". Please notice how NO INFORMATION relative to the number of units, dollar amounts or profit/loss has ever been provided in any MMMW "sales announcement" PR).
THE PHOTOS ONE CAN SEE ON THEIR WEBSITE, ARE ALL COMPLETELY UNRELATED TO ANY MASS MEGAWATTS PROJECT OR AVAILIBLE PRODUCTS IN ANY WAY SHAPE OR FORM
(MANY ARE FREE INTERNET IMAGES).
MMMW HAS ONLY FAILED MISERABLY
WHILE ALSO CONSISTENTLY MISLEADING
THEIR SHAREHOLDERS IN THE PAST,
AND ALL THIS CAN EASILY BE VERIFIED
OTC Markets Group's designation for MMMW; No Information
Definition for OTC No Information designation;
Indicates companies that are not able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group. Companies in this category do not make Current Information available via OTC Markets Group's News Service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky.
THIS IS ALL ANYONE REALLY NEEDS TO KNOW
Some of the statements under "Executive Summary," "Risk Factors,"
"Management's Discussion and Analysis of Financial Condition and Results of
Operations," "Business" and elsewhere in this prospectus constitute
forward-looking statements. These statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results, levels of
activity, performance, or achievements to be materially different from any
future results, levels of activity, performance, or achievements expressed or
implied by such forward-looking statements. Such factors include, among other
things, those listed under "Risk Factors" and elsewhere in this prospectus.
In some cases, you can identify forward-looking statements by terminology
such as "may," "will," "should," "could," "expects," "plans," "anticipates,"
"believes," "estimates," "predicts," "potential," or "continue" or the negative
of such terms or other comparable terminology.
Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance, or achievements. Moreover, neither we nor any other
person assumes responsibility for the accuracy and completeness of such
statements. We are under no duty to update any of the forward-looking statements
after the date of this prospectus.
Among the important factors that could cause actual events to differ materially
from those indicated by forward-looking statements in this registration
statement are the failure of the Company to achieve or maintain necessary zoning
approvals with respect to the location of its power developments; to
successfully produce the product on time and remaining competitive; the inability of
the Company to sell its current turbines offered for sale or any future sale, if
needed, to finance the marketing and sales of its electricity; general economic
conditions; as well as those risk factors detailed in the periodic reports filed
by the company
Investing in the company shares is risky. You should carefully consider the following risks before making an investment decision. The trading price of our sharescould decline due to any of these risks, and you could lose all or a part of
1. New Product Development
The new product and has the potential of not being successful. The technological and operational success is the key to the Company's success. As in the commercial development of any new mechanical product, long-term operation may lead to the discovery of deficiencies in the design and/or in its manufacturing. For instance,long-term operation might disclose that the loading exceeds design criteria,resulting in materials fatigue failure.
2. New Business Risks
The early stages of any start-up business are subject to many risks. Company
success is highly influenced by the normal expenses, problems, complications,
and frequent delays associated with a new business. It is likely that Mass
Megawatts Wind Power, Inc. will continue to require substantial capital in
addition to the proceeds of this offering. The ability to raise capital and
support growth of its operations is dependent on maintaining suitable profit
margins for each investment the Company makes in its product.
Additionally, numerous factors including the nation's economy, conditions of the
capital markets in general, and conditions affecting the wind energy industry
may affect the company’s ability to raise capital. There is
no assurance that the Company's products will result in a commercial success.
3. Company not at Mass Production Stage
Currently no product suitable for commercial or mass production have been
completed or tested. Fatigue and weather related structural testing has been
done on a limited basis with a proof of concept prototype. The future success
of the Company is dependent on its ability to manufacture and to deliver the
the product on a timely basis at a sustained and acceptable cost.
4. No Customer Contracts and Market Risk
The Company does not currently have any customer contracts for the purchase of
electricity. The future success of the Company is dependent on the market
acceptance of the product. In the past, the introduction of new wind power
technology has been received with hesitance as many technologies have failed.
Additionally, many potential customers believe that wind energy is unpredictable
and not economical in comparison to other energy sources. There is a belief
among energy industry participants with little knowledge of the wind energy
segment that a suitable power quality with a stable voltage and frequency can
not be produced using wind. No favorable utility purchase agreement has been
signed at a purchase price that would result a profit. The Company does not
currently have a sales and marketing team. There can be no assurances that the
Company's own marketing efforts will be successful.
5. Possible Loss of Investment
Prospective investors should be aware that their entire investment could be at
6. Intellectual Property
There can be no assurances that patents will issue from any of the pending
applications. In addition, with regard to any patent that may issue, there can
be no assurance that the claims allowed will be sufficiently broad to protect
the Company's technology or that issued patents will not be challenged or
7. Risk of Inability to Achieve the Maximum Proceeds in the Amount of the
It will be more difficult for the company to achieve a successful implementation
of its business plan if the maximum proceeds made available through this
offering cannot be raised. Wind power generating facilities require substantial
investments. General economic and capital market conditions may have a negative
impact in the Company's ability to achieve the maximum proceeds amount. If less
than the maximum proceeds are sold, the percentage of non-product manufacturing
expenses (offering, legal, accounting, and advertising expenses) to the overall
use of offering proceeds will be greater than the percentage if the maximum
proceeds are sold.
8. Oil price risk
Price of oil is unstable.
9. Stock Market Risk
There has been no guarantee of a market for our Common Stock and the Investors
10. Growth Management
Rapid growth could impair the Company's ability to effectively manage growth.
Managing growth requires expanding the employee, operational, and financial
bases. Failure to develop efficient construction and manufacturing processes of
the products could have a negative impact on the ability to manage growth.
11. "Going Concern" Qualifications
Our auditors have included an explanatory paragraph in their reports on our
financial statements regarding our ability to continue as a going concern.
During the ordinary course of business, operating losses have incurred each
period since inception, resulting in an accumulated deficit and negative cash
flows. going concern.
12. Limited Site Locations
Local regulatory, permitting, and zoning constraints may limit, delay, or affect
the cost of site development. The visibility of wind turbines as well as
threats to endangered or migratory birds may require turbines to not be sited
near areas where such species might be threatened. In addition, suitable sites
may be located in areas where the availability of wind resource does not
coincide with power needs and it may be remote from adequate transmission
facilities. In some otherwise favorable sites the energy cost may be low. Some
sites might be limited with the high cost of acquiring easements and other land
use rights. Site development may be affected by social policy concerns, such as
noise and visibility of wind energy systems. The danger to migratory birds and
other wildlife may require the site locations to be abandoned or moved to areas
where the endangered species might not be threatened. Other site related issues
include local regulatory, zoning and permitting constraints which may delay,
limit or affect the cost of site development.
The electric industry is subject to energy and environmental laws at the
federal, state, and local levels. The Public Utility Regulatory Act of 1978
provides qualifying facilities ("QFs") important exemptions from substantial
federal and state legislation, including regulation as public utilities. Loss of
QF status by any one of the Company's projects could cause the Company to become
a public utility holding company, thereby causing many of the Company's other
projects to lose their QF status and become subject to regulation as public
utilities. The compliance of the regulations may be complicated or
difficult. Specialized or legal assistance may be required for the company to
carry out its business.
Electric generation projects also are subject to federal, state, and local laws
and administrative regulations, which govern the geographic location, zoning,
land use, and operation of plants and emissions produced by said plants.
Recently, modified legislation of the Public Utility Holding Company Act of 1935
("PURPA") increases competition by allowing utilities to develop production
facilities that don't qualify as QFs without being subject to regulation under
14. Suppliers Reliance
Interruption of suppliers operations can delay delivery of components to the
company, which could adversely impact the company's operations. Mass Megawatts
Wind Power, Inc. purchases components from outside venders and is aware of
alternative suppliers for single-sourced items. The Company believes that the
loss of any one supplier would have only a short-term impact on its production
schedule. In the long term, additional suppliers will be required as production
Fossil fuel-fired plants including gas-fired and petroleum-fueled power plants,
are the primary competition of the Company. In addition, the increased use of
competitive bidding procedures has made obtaining power purchase agreements with
utilities more competitive. Competitive bidding generally has reduced the price
utilities pay independent power producers, which, in turn, reduces the
profitability of many independent power projects. If wind power becomes a more
widely accepted technology, large and well-capitalized companies deciding to
invest in any of the various wind power technologies, may also increase the
16. Fluctuation of Conventional Energy Prices
Survival of wind-powered facilities depends on producing electricity at a cost
that is competitive with other forms of generation. Low fossil fuel prices,
which reduce the cost of electricity generated by fossil fuels, may adversely
affect the Company's ability to generate profits.
The proposed initial public offering price is substantially higher than the
average price per share paid by investors in the Company to date. Accordingly,
new investors in the Company will experience substantial immediate dilution with
respect to their investment.
Note: In addition to the above risks, businesses are often subject to risks not
foreseen or fully appreciated by management. In reviewing this Disclosure
Document, potential investors should keep in mind other possible risks that
could be important.
61,311,477 as of June 15, 2015
67,000,000 as of April 30,2015
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