Mattman Specialty Vehicles (fka MMSV)

[Renee]

MMSV: SEC Litigation:

http://www.sec.gov/litigation/litreleases/2013/lr22713.htm

http://www.sec.gov/litigation/complaints/2011/comp22102-2.pdf

[emilson]

Jagman the way I read that is the Company board took 100% of the company. Our shares are being shoped around for a merger. But the company exets keep the car business for a future ipo we get dumped into another company as we have a few days ago. When you read the new company RSUR.PK PR the car business is not there. The armor car business is why I bought this company. They riped off the shareholders there. If there was not value they would not have went for it. And it was them who brought down the company due to their mismanagement. I havn't been on this board in a long time and just now read that news release. I now understand the pr from the new company. What is your outlook?

[MWM]

http://www.rsttech.com/index.php

[Mr. Zen]

new symbol
RSUR Remote Surveillance Technologies, Inc. Common Stock

http://www.investorshub.com/boards/board.asp?board_id=7976


MMSV will revert to a clean trading publicly traded entity without assets or liabilities, since MMSV has been indemnified by the J. Mattman shareholders and the senior creditor against all operating liabilities of J. Mattman, where all liabilities were incurred.

The decision to effectuate the spin-off was made by the Company since it was deemed to be in the best interest of the remaining public shareholders of the Company to seek a merger candidate for MMSV in order to restore shareholders' value. The Board of Directors of MMSV has begun discussion with a viable operating entity which could be merged into the Company in the near future. However, there can be no assurance that a definitive agreement will be reached with such potential merger candidate.

The Company will inform all shareholders, if and when, a definitive agreement is reached for the Company to acquire this candidate in a reverse merger transaction. The Company does not contemplate that such merger or any other transaction will result in a reverse stock split of the Company's remaining outstanding stock.

[MWM]

Symbol Change coming tomorrow

[Mike2112]

I wonder what the new company name will be...lol

[MWM]

You going to take over this board and clean her up Dreamer... I'm in...

[Dream]

Do some DD here...

Mattman Announces Restructuring
THURSDAY, DECEMBER 07, 2006 4:15 PM
- Market Wire

SAN MARCOS, CA, Dec 07, 2006 (MARKET WIRE via COMTEX) -- Mattman Specialty Vehicles, Inc. (PINKSHEETS: MMSV) (www.mattmanvehicles.com) today announced that its board of directors, senior secured creditor and shareholders holding over 66% of the Company's outstanding shares, by majority consent, have taken the following actions effective immediately:

The shareholders representing approximately 16 million of the common stock of MMSV have tendered back their shares to the treasury of the Company in return for 100% of the common stock of the Company's operating subsidiary, J.Mattman Security Inc ("J. Mattman"), thereby effectuating a spin-off of the operating subsidiary into such shareholders' and creditors' hands. It is contemplated that the shareholders of J. Mattman after the spin-off will recognize little to no economic benefit from this spin-off, since the senior creditor retains liens on all of the assets and common stock of J. Mattman, which is well in excess of the value of the J. Mattman net assets, thereby rendering the equity of J. Mattman worthless. Upon the potential foreclosure by such senior creditor, the shareholders of J. Mattman will most probably end up with little or no retained value.

After the spin-off described above, MMSV will revert to a clean trading publicly traded entity without assets or liabilities, since MMSV has been indemnified by the J. Mattman shareholders and the senior creditor against all operating liabilities of J. Mattman, where all liabilities were incurred.

The decision to effectuate the spin-off was made by the Company since it was deemed to be in the best interest of the remaining public shareholders of the Company to seek a merger candidate for MMSV in order to restore shareholders' value. The Board of Directors of MMSV has begun discussion with a viable operating entity which could be merged into the Company in the near future. However, there can be no assurance that a definitive agreement will be reached with such potential merger candidate.

The Company will inform all shareholders, if and when, a definitive agreement is reached for the Company to acquire this candidate in a reverse merger transaction. The Company does not contemplate that such merger or any other transaction will result in a reverse stock split of the Company's remaining outstanding stock.

FORWARD-LOOKING STATEMENTS:

Statements about Mattman's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. Mattman's actual results could differ materially from expected results. Mattman undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; Mattman will appropriately inform the public.


Mattman Specialty Vehicles, Inc.
1004 Rancheros Drive
San Marcos, CA 92069

For more information on Mattman, please contact:
Gerald Kieft or Ryan Audin
Wall Street Resources, Inc.
2646 SW Mapp Road, Suite 303
Palm City, Florida 34990
772-219-7525
www.wallstreetresources.net

[Mike2112]

The decision to effectuate the spin-off was made by the Company since it was deemed to be in the best interest of the remaining public shareholders of the Company to seek a merger candidate for MMSV in order to restore shareholders' value. The Board of Directors of MMSV has begun discussion with a viable operating entity which could be merged into the Company in the near future.

[Mike2112]

Actually this is better imo as a new company can come in and take over the shell and get a fresh start...IMO there is not a big enough OS for them to RS..Looks like all the restricted will be returned and there is just a small float.....I think things are looking up here as per that last PR imo.

[lubeman]

What's going on here. I thought this was done. Up 77% in one day?

[RiCKoLA]

Jagman,

Yeah, thats kinda what i figured... but there were a couple things that could have been taken to read that there was still some hope that Mattman might be brought back from the dead. Or if someone else took over that the employees might get re-hired. I still can't figure out how a company with so much business and potential could end up the way Mattman did. Makes me think there was some things going on that weren't on the up and up. Oh well, hopefully the new year will have better things in store.

Thanks for the help and Happy New Year!

Rick

[Jagman]

RiCKoLA...I think it's basically saying the shareholders are screwed. It will now be a shell company that someone can buy and use to start another public company, but since it was a non-reporting Pink Sheet stock, it won't be worth much as a shell, IMO. It also says if bought, the buying entity can reverse split the outstanding shares and start all over again with issuing new shares. A reverse split would leave you with next to nothing in shares or value, IMO. Bottom line, since you were given shares, just hold on to them and see what happens.....what more do you have to lose????

[RiCKoLA]

So, nobody can offer me some insight into what the release mentioned in my previous post really means? I was just wondering if it was just a standard statement that is issued in order to satisfy some legal requirement when a publicly traded company goes belly-up, or if there is actually a possiblility that Mattman will re-organize and at some point continue to operate.

Thanks,

Rick

[RiCKoLA]

I just came across this press release today. It is dated 12-7-2006, so its fairly recent. I know nothing about the stock market/business world, so most of the language in the press release is just mumbo-jumbo to me. Can anyone summarize what they are really trying to say in laymans terms??

http://www.marketwire.com/mw/release_html_b1?release_id=192426

Thanks

Rick

[Jagman]

RiCKoLA...thanks for the info...I took my loss yesterday, but certainly not as big a loss like yours as an employee. Best to you in the new year!!!!

[RiCKoLA]

Mattman has definitely closed up shop. I know because I was an employee at the time they went belly-up without paying us our last paycheck. They made an effort to save the company by bringing in a guy to straighten things out, but it was too late by then. The guy was trying up until the very end. I think he would have pulled it off if he'd only had another month or two to work things out. It's sad. I really enjoyed working there, but the company was mis-managed and the 'robbing peter to pay paul' approach to money management finally caught up to them. They gave employees 1000 shares of stock when they went public. By the time we recieved the certificates our 1000 shares had dropped from $2000 to $150 the day we got the paperwork. Anyway, I just thought I'd give you some info. Sorry it's not better news.

[Jagman]

Got some day traders playing games with this one...or MM's trying to suck in buyers to unload their shares....

[entophile]

Somebody bought some shares today? EOM

[JFhere]

Geez, that sucks! You would think someone wold call someone! Brokers know? How weird?
Oh well...making good money on FRPT

[hubbed]

Congratulations You won the company.

[eswauger]

All the employees were let go, the shop has been cleaned out and there are outstanding lawsuits for non-delivered vehicles--I got burned bad too, but it would appear the company is dead. eswauger

[JFhere]

According to yahoo, only 8K shares outstanding, mostly mine!
Is the co totally gone?

[hubbed]

SELL SELL SELL SELL........
this company does not exist anymore, i wonder why the stock still trading..

[hillidotpk]

ok, DB thanks.

I personally am giving MMSV some time, I realize there are many reasons to go on extended vacation rather than do the work of Investor Relations. It could be they just wanted an IPO for our money and that was it, but that isnt very smart, or at the very least, it is extremely short sighted.

They must have a reason, such as just letting the stock price get cheap enough, and then buying it all back and doing it again??

It's not that they havent been working and making money, they just havent bothered with PRs and coddling us investors to a fault. It's the worst IR management ever actually.

[Mr. Zen]

hillidotpk ... that email was from another company but as far as mattman is concerned I do know they need some operating capital, if you call IR they may be able to give you some information or better yet call the CEO directly... I can not imagine that their product is not in demand, they do have a backlog so it is a matter of booking orders onto the balance sheet to improve financials,, but the best way to find out is contacting the company directly to find out about up coming orders and financing for those orders. The key will be their backlog and can they deliver.

[hillidotpk]

Any news from that email? I am holding the bag since .50 long...

[Mr. Zen]

done, anxioulsy waiting..eom

[zcooler]

OT Doubloon

I just received an e-mail response from RTalarico. Send me a PM with your email if you'd like to read.

[Mr. Zen]

I just called, they do not represent them any more and they know nothing.

[Jagman]

I emailed Mattman a few weeks ago...got a reply to contact Gerald Kieft IR, W.S. Resources, 772-219-7525. I didn't call...was pizzed that Mattman didn't answer my questions via email...

[Mr. Zen]

stuffit, give this guy a call

John Mattman CEO 800-245-2865

I do know they need some money but they have orders and you would think in this climate the product would be in demand.

[Tuff-Stuff]

WHAT'S UP HERE??? Does anyone at all have anything new on this stock that seems to be dead in the water? It has been on my watch list forever and ever! Put it in way back when began interst in FRPT that has skyrocketed. It used to be followed by several OTC newsletters...and then vanished. Just wondered, at this price, if it was worth another look over, or buy???? THANKS...

[Abaco]

MMSV phones will not take messages. Their voice mail system picksup, but you can never get a live person and the system will not allow you to leave a message. Try calling this number, taken from their website, to see if you have better luck.

800-245-2865

http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=1364&to=cp&Nav=0&LangID=1&...

[Waitedg]

That .08 has dropped to .04 today. We must be on the brink of bankruptcy. Anyone have any further information here? Waitedg

[DFN]

Price has reached 52wk low and is no $0.08 sounds like a sweet deal

[Jagman]

Website is back up....maybe made some changes. Here's the guy to call, I'll see if I get time to call today.... Sure has been lacking info to investors after the initial pump....

http://www.mattmanvehicles.com/


Investor Relations:
Gerald Kieft
Wall Street Resources, Inc.
Phone: [phone]

[entophile]

MMSV appears to be dying...their website doesn't even work anymore.

[entophile]

I guess geopolitical unrest is also good for MMSV.

[entophile]

To be honest, I had never heard of the SHO list until a couple of days ago. I think being on the list could be considered good because it may mean the stock is undervalued. I read something about shorts having to cover in a certain amount of time after a stock goes on the list. I don't know, in the long run being on the list probably matters very little. It does maybe shed some light on why MMSV is so low right now. Then again what do I know? I am just an entomologist.

[Jagman]

entophile..the price is "up" 60%...but the spread is 60%..
Regarding the SHO list, do you know any examples of going "on" or going "off" the list made any difference??? I don't, and have asked on other boards with no replies....

I just hope the company puts out a blockbuster PR...we certainly need it...but I won't risk buying more at this point.

[entophile]

I'm not sure exactly what it means (must be somewhat positve because the price us up), but MMSV made the SHO Threshold Security List.

You can find the list here: http://www.nasdaqtrader.com/aspx/regsho.aspx

[Jagman]

emilson...only what's in the info box above and at the company website.... I don't know why they are letting this die unless they are soooo busy with business, the shareholders are at the bottom of the priority list. Maybe they have financial problems that have not been revealed...

CEO "former Secret Service agent Jurg Mattman".....I guess he's used to keeping things secret....

[emilson]

;Do you have any info on this company Jagman. I can't find anything. and it hit .15 cents today.

[Jagman]

The way this sucker has dropped makes me wonder if going public was a last ditch effort to avoid bankruptcy.....they sure don't give a chit about us bagholders.....

[entophile]

I also got in near the high. If I had any balls I would back up the truck at these prices, but I can't bring myself to do it. This is going to have to be one of those holdings I'm going to forget about for a while.

[emilson]

I don't understand the price either. I bought at the high. I have purchased some under a dollar but I can't figure why it has droped so. They have a good product and they are just about the only ones making this type of vehicle. They were going to mfg in china were they not? But you really have to have patient with stocks. When you sell they always go up.

[entophile]

It seems very mysterious to me that MMSV was cranking out the PRs and now suddenly the well has run dry and the stock price is a fraction of what it used to be. I realize that the Pink Sheets don't have to show any financial information, but surely they could throw investors a bone. It seems like all those contracts would turn a little bit of profit. Oh well, I've got time...I'm a new bagholder..er...um...I mean long term investor.

[hillydotpk]

I agree dude, they need to do a better job of releasing guidance though, and I was not pleased to see the Homeland Security cuts to local and state law enforcements that might eat into potential profits. Its budget time here in DC - I work at DHS. Im not an insider per se but sometimes news trickles down. China is our best bet for a jump, what about the other plant they were building? I may be wishful thinking or revisionist memory but my cost point is .51 so right now Im chasing, again....

[Jagman]

hillydotpk...I don't know about company dumping shares, but they sure aren't pumping and the two usually go hand in hand... I may add if it looks like a bottom, but it's super high risk at this point, IMO. Gotta think at some point they will let the shareholders know what the biz goal is going to be.... I was hoping at least for an uplist announcement by now.
Maybe some China news or another conract will be announced soon....