$2 million in operating expenses each quarter
Yet there appears to be no salesforce other than the CEO. There also appears to be no software / product development since they fired their IT guy.
Yet they spend $2 million quarterly. (and recorded $1.6 million in losess) Not just this quarter, but more or less every quarter they spend (and lose) that much money.
Unless MMRF settles some of these cases soon, Legal expenses are about to SKYROCKET. They already have been increasing greatly. Obviously MMRF lied about the cases being handled on a contingency basis. If they lied about that, what else are they lying about?
That's a grossly inefficient way to do business. It's not a viable business model.
You don't invest in the idea. You invest in the business executing on that idea. Lots of companies with great products or great concepts that are carried out by lousy businesses and incompetent or greedy management.
MMRF is a terrible business model and is being bled agressively by an insatiably gluttonous managmement.
Shareholders can't win here (unless they can nimbly trade or are trading on inside information)
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
