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Nerves I agree, MMTE's goal is to move to the QX tier but first will be uplisted to the QB. From the QB they can JV and increase valuation to the QX requirement and who knows maybe reverse merge.
Either way shareholders get the transparency they have requested and a company reporting to the SEC. Win Win.
****NO RS****
We need to keep the focus on that long time promise.
Great post Nerves.........GO MMTE!!
Nothing but the truth nerves, great post
Unfortunately, it is still in the OTC which until recently has been largely ignored by the SEC and regulators. This is however changing quickly.
The main advantage for us to uplist in any arena is because the larger companies will not deal with a pink in most cases. The OTCQB or QX will allow us to be taken serious by everyone else. I am very confident that the larger lithium companies in the region already know who MMTE is.
The audit and uplist should resolve the DTC Chill issue once and for all. IMO I don't think the SEC would allow MMTE to uplist if there was a problem nor would WL even attempt it.
So your opinion is it's the NI news that is needed.....
Agree. Whether an NI is enough to catapult this alone to be seen, but definitely the right direction. There needs to be something to show the true value.
If he reiterated it once again, looks like no R/S.
The pinks definitely suck. So much manipulation it is sickening. Do you know if OTCQB much better as far as manipulation?
MMTE is at 0.0007 and all the rest is speculation.
the reasons as to why we are stuck here should be clear to anyone now.
I tell what I perceive as reality and don't bring invented lies to bash the stock.
many promises are made on the MB but many never came thru.
"dilution is the only way land is acquired and it is land that has value"
didn't you read my post?
dilution was never there and the money comes from
Liebs wealthy friend/investors and there must be a well that never dries up
to do the funding.
we've been told this again and again.
suddenly flick of a switch?
the SS is unaccountable for a DTCC chilled stock.
I'm getting accused of scaring people when I tell my observations and concerns.
is it not because of the findings of some critical posters here that certain true (negative) facts
like dilution are finally accepted and no longer ignored?
to me to find the negative, the danger, the red flags are imperative DD. (just like the promising elements)
and then, how 'moral' is it to lure innocent investors in what is obviously one of the
biggest dilution scams on the entire OTC? (biggest thru volume and duration!)
yes, the acquisitions are wonderful but they are not funded by dilution cuz dilution was
ever ignored. this means that the obvious discerned dilution is pocket filling and why do
the diluters have to engage in short positions? also to fund the concessions?
the valuation of the land will be the value minus the cost of acquiring it minus the bonus
investors want for their investment. and don't forget management.
imo, Liebs has just indirectly announced a RS and that was never supposed to happen.
MMTE owns nothing until K's come out and risks only be the milky cow without officially
have acquired something or ever bear fruit.
a RS implies a clean sheet and possibility for management to wash, rinse, repeat the whole death
down spiraling game that happened from last year till now and is a guaranteed free ticket to get under 0.0001 (especially if dumping a this pace continues).
good news for shorters.
uplisting to otcqx does not free the stock from MM manipulation. it's still otc.
it's a positive move if it happens for the right reasons and in the right way to us investors.
Anyway it is good to at least get some news. This is good news!
Pretty simple to me, NI reports show the land to be worth 10-30K per acre so 24,000 acres at 10000 per acre puts the land worth 240 million dollars divided by 15 billion puts that at .016. but at 6.6 billion that makes the sp at .038 per share.
Now take that same number at the top end, 24000 acres at 30000 per acre puts the sp at .048 but at 6.6 billion shares that puts the share price at .108
That is the current situation so the point is you retire shares, or use the additional 8.4 billion shares to increase the acres thus the value of the land. Not really that difficult.
Definitely true when talking about NYSE, NASDAQ, etc. When these types of exchange stocks trade at certain levels, at a minimum it entices mutual funds / institutionals to flock to them. I have heard on many occasions it is a requirement for some mutual funds/ institutionals to buy them, but not sure how true it is about $5 being a requirement. I am not going to give my opinion on the chances of an institutional or mutual fund picking up MMTE shares.
"The audits of the Company's financial statements and the filing of a registration statement is an important milestone for the Company in connection with its planned move to the OTCQX"
I have spoken with William today in regards to the PR we received...HE REITERATED TO ME THAT THERE ARE NO PLANS FOR A R/S!!!!!!!!
EVERYONE should read the above quote closely. There could be issues that arise that keep MMTE from uplisting to the OTCQX but they still can get to the OTCQB.
WL is determined to get away from the Pinks!
I believe the longs here were saying these covenant shares should really not be included in any calculations. Basically "do not count those, they are only there for a covenant". I believe the calculations everyone has been doing was excluding those. So I am not sure what retiring those would really do? It would definitely look better on the filings which would definitely be positive....
My feeling on a R/S is it only is beneficial to the common shareholders if the end result is the PPS exceeds $5.00 so the big boys can look at it. JMHO
Saw the post, have no idea how that is going to get it to .10 burk.
Maybe I read it wrong? If you are trying to take what the concessions are supposed to be worth or buying more concessions and then trying to place a value on them in order to get an SP, I will take the next suggestion from someone. With that logic we should be > .10 now.
Going to need some sort of news to base the sp on the concessions. That is what I am asking. What will make this .10 or higher. Forget the 10K - 30K an acre thingy.
Again, unless I misread what you meant.
Perhaps the only shares that could be retired now would be the 10 million "Covenant shares" leaving still at between 6 or 7b shares.
Unbelievable, how many times do I have to post the reasons that MMTE can go to .10? Do you read all the posts or just the most current?
Post #97818
Well, if MMTE wants to uplist, it needs .10 on the bid for 90 consecutive days.
I am trying to figure out how they are going to get to .10 without an R/S. Waiting to see if anyone offers any logical way to make this happen.
One way which makes sense would be to reduce shares. It would show the public this is really serious and I am sure cause some buying alongside the new evaluation retiring the shares has created. But I am sure to retire shares they need to be bought back so the money would need to come from somewhere.
The other things people have been predicting (j/v, etc). Will that do it? Dunno how those things work.
At least this has given the board something new to speculate back and forth with the positive folks and the disgruntled folks.
I no longer have any shares but I have become a bit of an addict here and still enjoy reading the board. There are some very colorful people here...
CEO, they (MMTE) have to have some more news in the pipe line R/S at these levels would mess everything up. So I look for some more news to get us to say the .005 to .01 level prior...but that's just a thought. We'd have to do some math to see if we're looking at a 1000 to 1 or 500 to 1. I believe more news needs to precede the r/s if he even does one.
Share dilution will be a problem but why would they r/s just to get to a dime or so ?
Agree, it would seem that WL needs to put together some great prs or put out some of the news I believe he has been holding back until he, the lawyers, and the laws are postioned to buoy our position along with some great news. Makes no sense to r/s at this level.
well, that is not what i have seen in my years of trading pennies...
If an R/S is accompanied by some very good credible news, it could keep the sp from tanking after the R/S. So it is possible. Again, this news would have to be extremely good and very credible and come not too long after the R/S.
Maybe the longs can say how they see this trading @.10 on the bid for 90 consecutive days without doing an R/S.
I don't know how it's going to be done and am confused. I believe I remember the filings from before and I do not believe anyone has any special shares (prefered, etc) that would protect them from an R/S. Normally an R/S will happen when they are protected from it, but I believe everyone (incuding William) would be affected by an R/S, so therefore I can't see an R/S happening. But I just do not know how the .10 is going to be done without this.
Any longs care to give opinions on how to get this to .10?
R/S only happens if a company is in bankruptcy or is trying to attract new investors at a higher price ... there would be no point unless its going under or was at .20 or higher to get to dollarland
One of the requirements for OTCQX is for the pps to be 0.10 for at least the preceding 90 days. That doesn't seem possible if MMTE does an R/S. If there is an R/S as some have speculated, then people will sell and the PPS will drop like a rock. MMTE's mgmt knows this will happen. Therefore, it does not seem logical that an R/S will happen. Just IMO though.
That, my friend is a misstatement and far from reality, As I pointed out 24000 acres at 30000/acre and 6.6 million shares puts the sp at over .10. Shares will have to be retired or used to increase that valuation of the land. You seem to miss that reality
We know we have 15 billion shares Authorized but know there are 6.6 million shares outstanding. At the low end that is .016 and high end 4 cents with 15 billion O/S. Why are you ignoring the facts and speculating to scare people?
Do you understand dilution? We are at the worst case now so what happens when more shares are used to get more land? Dilution is the only way land is acquired and it is land that has value.
Not sure what it is going to take to get through to you. Worst cast today is .016 per share
indeed, the US doesn't know about concessions.
This does not trade after hours. I believe those were trades that we not printed to the tape yet that were made earlier in the day and do not effect the close.
Last I checked the concessions were not in the US.
I learned from a MB that a NI-101 is not accepted by the sec.
they even rapped the company over the knuckles for reporting it.
it's a Canadian document invalid in the US.
MMTE is still trading at 0.0007 and will only get to 0.10 by a split.
you talk about retiring shares and all we see is injecting.
did Liebs personally tell you he will retire billions of shares or it is your imo?
if dilution is good for the company then why does management ignore it?
first, dilution talks were a lie and when it became all too obvious Overcash was to blame.
if Overcash looses his rights into the MMTE company (PR end Q1 last year)
how can he later be responsible for selling/diluting?
now Overcash is out of the picture and dilution is suddenly accepted and
even a good thing. what an evolution!
100K dollar on the balance sheet disappeared in pockets and no sign of any promotion
ever saw the daylight.
entourage (e.g. Izzy) convicted for security fraud;
MMTE chilled from the DTCC (illegally bringing shares into the market)
we see them coming on L2 going hand in hand with short positions.
1+1+1= don't worry guys; one day you will wake up and have $0.10 for your shares just like that.
lol, how about 'there's no free lunch!'
There are only 340 stocks that trade on the OTCQX compared to 3,634 on the OTCQB, and over 6,000 on the Pinks. So the QX is small and exclusive with stocks that trade at a considerably higher PPS. Interesting fact is that those 340 securities on the QX equal almost $100mil and the 3,634 equal only $150mil. So you can see the PPS's are much higher on QX stocks. This is the most elite tier on the OTC. Basically these are all "real" companies with most generating legit revenue and not scams like you see on the QB and especially in the "stinky pinks"
From the OTCmarkets.com website:
OTCQX – The Quality-Controlled Marketplace
OTCQX is the top tier of the OTC market. Exclusively for companies that meet the highest financial standards and undergo a qualitative review. Investor focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers.
So the free shares must be gone today. Good for you. Try to reload after the sell on the news. Good luck.
There is no after hrs trade for MMTE, just some MM settling. Means nothing.
WARNING ! MMTE will do a RS VERY SOON, it will happen IMMINENTLY ! VERY SOON ....... " I M O " !
JUST around the corner ! 15 BILLION AS and 6.8 BILLION OS LOLOL ! !!!!! and only a hand full of concessions, a measly 24k acres. I have investments in another LITHIUM company that has over 600,000 acres LOL
MMTE is becoming a BIG STINKY PINKY JOKE ! JUST STRINGING US ALL ALONG
Get out while you can, sell this crappy stinky pinky, NO NI 43-101 has been done by MMTE and do not believe this so called DD that has been posted. Even the pics on the MMTE site of the LITHIUM is from OTHER companies, not MMTE !!! LOL
I dont know how some peeps always turn something good and turn into something bad.. We are going to uplist why is that bad... Wl could pull out a 43 101 & it still wont be good ebough.. Nice pr wl... Mmte
I already commented on this and you obviously ignored it. what do you think 24000 acres of land is worth even with 15 billion shares outstanding?
RS is not a requirement for up list and no imminent for MMTE.
seems its gonna get interesting here for better or Worse....
here the reason for 0.10;
requirements for otcqx.
http://www.otcqx.com/qx/otcqx/requirements
RS imminent.
MMTE is in good hands. I am sure and much more sure that once evaluation completes, people will be watching... Come on bashers! Sell me all you have... Go MMTE!
GREAT DAY!! love to watch this LITHIUM GIANT in the making! $MMTE$
Yea!!! Lets have a better one tomorrow...GO MMTE
END of Year??? Think before that IMO
Make no mistake, being more transparent as a company is a good thing. Great news today.
IMO
I was fortunate to pick up another million shares today for the long run. Lets hope we can see a little stock appreciation by the end of this year.
Medical product development and commercialization. The Company recently acquired five generic oncology drugs approved and manufactured in Germany and they plan to gain approval for these drugs in the US in 2023. The Company is preparing for a pivotal Phase 3 study of an anti-cancer antibody product that is highly similar to Genentech/Roche's brand name Avastin (bevacizumab), the Company has licensed a needle-free jet injector for drug delivery, and the Company is in the pre-clinical stages of development of a gene therapy product candidate based on the delivery of a human alpha-Klotho gene and protein to prevent and/or treat neurodegenerative diseases such as Alzheimer's and Lou Gehrig's disease (ALS). Other product candidates will stem from these platform technologies of pharmaceuticals, biologics, and gene therapy.
The Company's medical R&D facilities are in the U.S. (near the University of Nebraska Medical Center, Omaha, Nebraska) and in Barcelona, Spain (Autonomous Universitat de Barcelona). Each R&D facility is comprised of over 4,000 sq ft of R&D and office space, currently leased and equipped with research equipment, incubators, tissue culture facilities for production of plasmid DNA, HEPA-filtered hoods for aseptic handling, and testing equipment (PCR, spectrophotometers, microscopes, etc). The generic oncology drugs are manufactured in Germany. With future funding, the Company plans to acquire or build a GMP manufacturing facility to supply novel plasmid DNA ("transgenes") to be used in gene therapy programs, to provide contract manufacturing revenue, and for commercial product manufacturing.
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