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THE STATEMENTS MADE IN THE POST TO WHICH THIS REPLIES SPECIOUSLY LACK ANY SUPPORT OR EVIDENCE. The statements thus render themselves without credibility. If true, the provision of PROOF of such statements would prove most appropriate; however, one must acknowledge that no proof exists to support the egregious accusations.
I am still remaining positive but with all do respect, how are we going to get to .10 to qualify for the up listing, even if we do a merger first how would we get to the .10? A lot needs to be addressed here, as usual, it still leaves us in some what of a fog, more clarification needed here with MMTE.
Who really cares if a Reverse Split is recommended. Your leverage is the same. The only danger in R/S is if the company has nothing on the go and now can go even lower in value than before.
The price goes up by the Reverse. So what if we are forced to R/S at 100:1. Instantly we are at .07 with 60 Million shares Outstanding.
Everyone's account stays the same... unless that .07 falls to .01 ... only there lies any negative??
FISHY NEWS. FRUSTRATING FUTURE.
My understanding is...With a JV each company keeps their own identity...two companies working together to get something done. (mine Lithium)
With a Merger two companies blend into one.
So uplisting ,to my way of thinking,leans toward joint venturing...but I am not an expert by any means.
I did post an article that addresses uplisting that may be a bit of help-as one of my other stocks is due to merge within the month.
Go MMTE... and thank you William!!!
Up listing means to me no present plans for buy out, but rather for father development. I'm sure that JV or RM will come prior. The problem I see is that if everything is moving forward as I hope so then the overall process may be pretty secretive considering the current situation in Chile and a fight for government contracts coming on. May be by doing this PR WL tells us as much as he can about his plans and doings. I still stay positive, and would buy more if I could. GO MMTE.
HUGE NEWS MMTE NATION !!!
heyU, would a JV or merger with one of the 2 or 3 companies we have been discussing here not take care of the uplisting immediately? IMO Junebug
ONE MORE ITEM FOR CONSIDERATION.
No larger company would consider merging or a JV with a pink. This uplist proves to me that there are plans in the works for bigger and better.
yes and the Audit firm could recommend a RS. IMO. then WL will say it was them and not him. classic. Ill look to see how the stock reacts before i make any conclusions. imo
GREAT NEWS!!! Everyone needs to realize what this means. Audited financials mean that the CLIL should be audited at the same time since it is a subsidiary of MMTE. THAT MEANS WE GET THE VALUATIONS OF THE CONCESSIONS! Now with that said it can be in one of 2 forms. Cost basis (how much MMTE paid for them) or market value (what they are worth)
ALSO, a normal audit can be done in as little as 2 weeks. However, it is tax season so hopefully the auditors aren't too busy.
!!!!! GREAT NEWS WILLIAM !! GO MMTE !!!!!
JUST GETS BETTER AND BETTER... CEO IS ON TRACK FOR
A MAJOR MOVE !!!!!!!!!!
GO MMTE !!!
; )
2 clean years of financials needed, enjoy your free shares
You mean just like MMTE has been doing since 2010 ???? W.L. mentioned up listing back in 2010 and just now is "looking" into it. LOL, I can just imagine how much longer it will be when W.L. starts "looking" into JV's/MERGER's/NI 43-101's/BUY OUTS........ LOLOL
GO MMTE !!
Quiet Spring Break morning in the market and some MM is trying to keep the action down by throwing up .0006 for beer money. Won't be long before the Wave changes direction.
Great News now that this news is out you people on the sidelines better get in we all know what news is next. GO MMTE
Only if the price was less than a dime.
YES GREAT NEWS! Mammoth Energy Group Engages_Audit_Firm for Uplisting
http://ih.advfn.com/p.php?pid=nmona&article=51735749&symbol=MMTE
7s hit, getting ready to uplist and you have 0.0005 x23,481,400
what is your target?
GO MMTE
The way I see it uplisting is going to be a long process, and JV and/or RM may happened prior to it.
What about those Billions of shares?? would that be an issue???
Once again...we have an example of William DOING what he said he was going to DO.
Go MMTE!!!
Not the news I was looking for...I'll stay on the sidelines
http://www.rbsmllp.com/services.php
Public Companies
Audit & Assurance
Tax Compliance & Advisory
Merger & Acquisitions
Internal Audit & Sox Consulting
http://www.reverse-merger.com/otcqb-and-otcqx-compared-and-contrasted/
The new OTCMarkets.com divides Issuers into three (3) levels: OTCQX; OTCQB and PinkSheets. From a fundamental perspective, Issuers on the OTCQX must be fully reporting and current in their reporting obligations with the SEC and also undergo a quality review by industry professionals. Issuers on the OTCQB must be fully reporting and current in their reporting obligations with the SEC but do not undergo additional quality review.
drews, yes .10 to qualify. Now the question is, how do we get to .10, I hope not a rs. This is why I have always said, we need better clarification from WL as we procede along this path. I am still holding 25+ millions shares but watching carefully like everyone else here as to what the real game plan is for up listing. GLTAL
come on MMTE going the wrong way. Buyers lets go
to uplist a requirement it looks like from reading is a minimun bid price of .10
Why would you have to do a r/s to uptick to the otc?
HMMM, that NEWS........might cause W.L. to BREAK his word on no RS, W.L. may have to do a RS to up list, especially if MMTE's PPS does not move up a WHOLE HELLUVA LOT. IMO !
BUT , IF MMTE can prove they have enough VALUE in the concessions , then UP LISTING could be done W/O a RS !!!
ALSO, a RS at the pps of .0007 would mean a RS of 100 to 1 or more to get to .07 so to get to .10 ..... a LARGER RS would be needed. I just HOPE MMTE's PPS can move up to .10 by itself W/O a RS !!!!
GO MMTE !
.10 bid price that is rather interesting hmmm. Not sure what to make of that.
7's split your orders up or raise them and we will move much much higher.. $MMTE$
OTCQX has a baseline set of requirements for U.S. corporations and international businesses incorporated in the U.S. Companies that are incorporated outside the U.S. should follow our international standards.
Any issuer with proprietary priced quotations published by a market maker on OTC Link will be eligible to enter the tier for which it is qualified. Companies that meet the financial requirements of NASDAQ's Capital Market Continued Listing Standards may be eligible for the higher OTCQX U.S. Premier Tier.
OTCQX U.S.
Ongoing operations (no shells, blank check or special purpose acquisition companies);
A minimum bid price of $0.10 (for preceding 90 business days);
Shorters and Naked Shorts have panicked throwing up false walls to keep the price down right after the news...
I bet lots iPhones are ringing in New York right now... any real volume and this will be back over .001 quickly.
GREAT NEWS!! $MMTE$
Ambitious targets... http://www.otcqx.com/qx/otcqx/requirements
yes!
YES!
T MINUS 5....4.....3.....
Not trying to be negative here but if MMTE were to negotiate with Posco, I do not think that Posco would give MMTE what the value of the concessions are but a lower figure do the Posco having the upper hand. Just my own thoughts. Either way MMTE is still worth more than the area where we have been seeing our stock bounce around in. Time will tell and that time keeps running by.
Correct and could be moved to a new shell. Trying to get cheapies? Don't understand ? Isn't it already cheap? I own 7 mil avg cost .0012. Will not purchase another share ever! Good luck with that hot dog stand. Trading is much more lucrative. Especially when waiting on the IF game with mmte. While the traders make their money others wait for the miracle that may or may not happen.
NEWS!!!!!
Mammoth Energy Group Engages Audit Firm for Uplisting
Date : 03/22/2012 @ 12:00PM
Source : MarketWire
Stock : Mammoth Energy Group, Inc. (MMTE)
Quote : 0.0007 0.0002 (40.00%) @ 12:03PM
Mammoth Energy Group Engages Audit Firm for Uplisting
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Mammoth Energy Group (PC) (USOTC:MMTE)
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Today : Thursday 22 March 2012
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Mammoth Energy Group Inc. (PINKSHEETS: MMTE) a lithium and alternative energy mining company announced today that it has engaged audit firm RBSM LLP of New York City to commence an audit of Mammoth Energy Group, Inc.' s financial statements in connection with the planned preparation and filing of a registration statement with the Securities & Exchange Commission.
"This has always been the goal and now with two years of excellent financial record keeping this is the next step for an up listing of the company," said William Lieberman, President of Mammoth Energy Group. "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," he added.
Mammoth Energy Group's Compania Lithium Investments Limitada has already acquired an initial thirteen lithium concessions for a total of 8649 acres (3500 Hectares) in the southern section of the Salar de Maricunga, seven concessions for a total of 4695 acres (1900 hectares) in the Salar de Pujsa, 2471 acres (1000 hectares) in the Salar del Laco for a total of over 24,000 combined acres throughout Chile. The company is currently in acquisition mode and Compania Lithium Investments Limitada was created to acquire, develop and explore lithium and mining assets in Chile on behalf of Mammoth Energy Group Inc.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE) www.mammoth-energy.com
Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contact:
Mr. S. Ahshrup
Phone: (212) 613-5453
Email: info@mammoth-energy.com
Web: www.mammoth-energy.com
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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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