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none of which has come to fruition. 1st q just about over. more misguided time lines by slick willy.
all those loans are the reasons for the death spiral. the lower it goes the more shares needed to cover the loans.
IMO of course.
MMTE's Funding
Aug 15th 2011
Plan of Operation
Currently, the Company is funding operations through loans made by various entities.
The Issuer will continue to fund the operations of the Company in this way until the
recently acquired Chilean subsidiary begins operations, which the Company intends to begin by
the end of the fourth quarter or early first quarter 2012.
Compania Lithium Investments Limitada acquired these
projects as a result of an Asset purchase agreement that was signed between a Canadian-Chilean
based investment holding company unrelated to Mammoth Energy Group or its shareholders or
management.
http://www.otcmarkets.com/financialReportViewer?symbol=MMTE&id=58138
You like that huh?? Now have a good life and start a fresh beginning some where else!!
No it has not. Good luck I will not be buying anymore.
NOT WITH ALL THE INVISIBLE SHARES READY TO GO ON THE ASK.
BAM 19 MILLION UP FOR SALE.
Wonder if somebody is going to wack the 0.0004's like they did yesterday with the 0.0005's???
likewise i see more on there too
there were 10 million shares @ ASK when I posted, now there are 19+ million...MMTE
hasnt dipped to your rebuy in zone yet?
Looks more like 5's getting diluted?
5s getting purchased
0.0004 x50,084,900 0.0005 x5,585,600
Nerves of steel. first let me say I like you and consider you an honorable man. That being said, have you ever actually received an e-mail or anything in writing WL will not do a R/S? I know a CEO will "tell" you there is no R/S planned and come back with well, circumstances now require a R/S. I also understand a R/S will leave you "initially" in the same money position but alot of stocks then seem to drop. However, with so many good things potentially here, it is not unreasonable for MMTE to rise in price. As far as WL diluting, I feel there is no question that is what is taking place. How does he operate and buy concessions with no revenue? Again, in a few cases, dilution is a necessary evil but can prove to be advantageous in the short term even. You say just hang in, good things soon. Well, I will hang and hope you are right. I certainly can't sell at these prices. IMO Junebug
Dii, very clear, very logical and very correct IMO. Go MMTE.
Ever hear of don't try and catch a falling knife, thats mmte at present. JMHO
$5K will move the ASK up for MMTE...maybe...
I dunno if it's a it I have seen it higher but I'm buying at the ask .0005 but if it would move down I would be a big buyer
Hi Neo ~ no definitive input as far as what is happening technically... generally when I see the churning I believe it is the 20% group and only volume gets us out of that...
what I see yesterday is someone moved onto another project... reason being it happened in a matter of minutes (the sells)....
it happens...
nothing at all has changed and we are only seeing more definitive steps every week...
while the pps has me and many of us in the red, I think of Juan Paulo/Philippi Law and what they have done with Minera Activa Uno...
there is no reason on earth JP and Philippi Law would be here for pocket change.... hope this helps!
Dii
50 million shares on the Bid...isn't that alot for MMTE???
Everyone quick sell!!!! I wanna buy at .0001 or .0002
WILLIAMS % R says buy dummy, but don't listen to me, that's just MO
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:williams_r
JF, thank you, at last a common sense post.
No, you are totally confused and inaccurate in your statement. Lieberman has claimed that there is no dilution and he would be in the know. That is the only thing a CEO would know and not who is dumping shares.
I would not be happy with any CEO claiming that he had no idea why the sp was dropping if the company was diluting shares. I see no evidence that dilution is occurring as the price is too low for that to be of much benefit to the company.
As I have stated over and over again, the concessions the company has are valuable and make the sp at this level one helluva buy. When the company capitalizes on the concessions it won't matter what the sp is today.
I thought what you were getting at was:
"Maybe the stock is doing what it is doing because shares are being sold to buy concessions"
(he knows he is selling stock to buy concessions and sees that the result of this action is that the sp is floundering)
If this is true would the CEO's response be ok to you?
As to the 3rd hand information, i bet if you called the ceo you would get the same response.
i truly believe my profile picture will be reality very soon. go MMTE. bring on the stampede.
I wish i had some settled funds to add more GO MMTE
Yea there you go sombody smart I cant I will wait just some anzy peeps.. Mnte
bought a million more today
Because some group doesnt want it to be a penny also if that dump was about dilluting he will be back to hit the bottom but theres not much left so he was waiting for a snowball effect so it looks like we are all waiting for the goods... Mmte
What we have here is a stock trading at next to nothing that most claim should be worth a penny or higher? Now how does that make any logical sense
What you have is third hand information on what a CEO supposedly said and that answer would be accurate if there was no dilution on the part of the company. CEO's don't know where shares are coming from that cause the sp to drop if there isn't dilution on the part of the company.
Seems to me that the same people here want to claim the company is diluting which then would make the CEO's response a lie. We should be finding out soon who is right
I, like most here, am trying to wrap my brain around what is going on. I don't have L2 right now, so I'm going on what has been stated. The ask has ~16 million at .0005. That is $8000. That really doesn't sound like a lot of money if someone is dumping or dilution is happening. Not sure what that means. Also, there have only been buys at .0005 all morning. Almost 7.6 million shares have traded hands this morning. That's 0.01% of the O/S.
Like I said, I'm not sure what is going on but I'm trying to put it into some sort of perspective.
Just thought I'd throw that out for people to chew on.
Actually I am asking a simple question based on what I am calling facts.
Large investors have stated WL has said (in there words) "WL is looking into the manipulation of our stock. He is as confused as we are as to what is going on."
The "manipulation" as WL has called it and the "Selling" as some others on here are calling it is one in the same thing in this case. It is a fact that the stock where it is right now because of either manipulation or selling is not going anywhere and we see large blocks going through at the bid. (each can use their own thought process to answer is it selling or manipulation; i have been around for a while a I have my own belief here)
You said "what if it were because we were acquiring concessions"
My response / question to you based on this alone was do you think what WL has told these large investors "I have no idea" is an appropriate response if he knew he is purchasing concessions with the money?
I don't care if it increases MMTE's worth. I am not looking to answer this heavily debated question. Mine was a new question that no-one here has asked before; Is that a good response from the CEO?
Any Input DiiDii? Seems like folks are getting antsy! Rocky? JK?
JF, how can the CEO not know here the shares are coming from? He signs off any share ditribution no matter what and how they are to be used.
Makes zero sense
As per the post #98642, soon, very soon , any day now , get in while you can before MMTE takes off, starting to sound like promoting MMTE before it drops to NO BID, maybe all the soon, very soon, just around the corner was said just so dumping of MMTE shares would be bought by unsuspecting buyers???? hmmmmm ? Very possible !
As I have stated over and over I don't believe there is dilution by the company and we will find out with the filings thus what would you expect the CEO to say?
My point was that if there is dilution is that bad if the company is growing their concessions? No one knows at this time although Lieberman has stated that he isn't diluting and doesn't know where the dumping is coming from. There are two issues here and you along with others, not the longs, are trying to make a connection between someone dumping and the company diluting.
Someone wants the sp down for some reason but to claim it is all due to dilution is nothing more than negative speculation. My point stands, all dilution isn't bad depending on what we get for that dilution.
LOL, if 15B shares and the pps would be .016??????????????? LOL MMTE can't even get out of trip 0"s for crying out loud ! If the concessions WERE as valuable as many CLAIM, the PPS WOULD be well over a PENNY.........but NO, is sinks lower and lower...... . 0 0 0 5 !!!! so far today ! LOLOL
We're ok here, I hope... Just waiting game is getting old. Within 90 days we move for sure as long as no RS...
lol BR, i was in only 1 class action where i won. You know what I got from the lawyers who got the actual coin? I got some free trades from my trading company. lol, what a joke that was.
TY Malamutus...excellent post!
somebody will get the blame (as you said)
just like Overcash got the blame, averse market conditions and even a few 100 bucks player. lol.
I guess you have to ask yourself this:
What is the proper thing for a CEO to say to someone who is a huge investor of your company if the company is using funds to purchase assets. In this case the CEO has stated numerous times to large shareholders / investors he has no idea where the "selling" is coming from.
Now if it is true like you said and the selling is for purchasing land, I am not sure if the appropriate response to the large investors is "I have no idea"?
I also do not pretend to know the rules in what is classified as insider knowledge and if he would be allowed to tell anyone "MMTE is purchasing concessions", but I am sure he could use something that is always used in the past PR's. "keep in mind, we are currently in acquisition mode still". It would at least allow for speculation.
IMO if the selling is for aquisitions he should not be saying "i have no idea" Just saying that is lying in my book, which says a lot about character. Lieberman is supposed to be of good character is he not? (at least that is what a lot of people are saying about him)
Draw your own conclusions from this.
Yes, dilution is bad with an A/S of 15B shares. We will never see those price levels imo. Enough with the delays and now the OTCBB news? LOL...That gives them another 90-180 days. IF this is the homerun that many of us believe, then why not have this so called ghost investor/fund load all the shares they can here. No brainer right?
Something does not make sense when you see all this pressure on the ask. It never ends.
16 mil on the ask now
This wont go pass 4s vert has been controlling this stock for a couple of days now!! who knows how many shares they have on the bid
Liebs took 40,000 from Overcash.
it's not because Overcash or somebody got convicted of some wrongdoing that other people have the right to steal from him/them.
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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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