Mass Megawatts Wind Power Inc (MMMW)

[Gaintrader]

"At the close of business on June 15, 2015 (the “Record Date”), there were outstanding and entitled to vote 61,311,477 shares of Common Stock." (As per the PRE 14A filed on 5/18)

This disclosure indicates MMMW only had 5.7M total AS left to issue ($34,200 @ today's price) as of over three months ago, and only 188,523 unrestricted shares remaining properly registered with the state of MASS. During 2014 MMMW issued about 1M shares per month just to cover their expenses when the share price was about 4 times what it is today. Considering these known facts, a reasonable conclusion in the current absence of a timely financial report would be that MMMW has already nearly exhausted all of their AS and has also started accumulating significant amounts of debt too. The recent filing of the form 4 by CEO Ricker also supports this conclusion too IMHO. Why otherwise would he forfeit 250,000 votes after the record date just before a critical vote? My conclusion is he "sold" (gave) those shares to a creditor/vendor who was demanding payment, but was not willing to accept any shares bearing a restrictive legend.

Bottom line is MMMW is now obviously in a coma and on life support. In absence of significant sales income or an AS increase, they have no other options except taking on debt or finally ending this farce presented as a company.