- LEGAL COUNSEL & ECONOMIST
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WTH??? The PPS alone proves that conclusion fallacious!
IMHO, such valuations of MMTE's concessions are a pipe dream! The concessions are worth NO more that WL paid for them!!!
Indeed, MMTE is proving to be somewhat useful as a trading stock... buying a thousand dollars or so around .0004 or .0005 and selling at around .0008. At least we can make SOME money on this tin man.
I agree... let's get out and push the damn stock up the PPS hill!!!
ATTD IS a LONG and STRONG play... buy on the dips, hold on the peaks. ATTD should easily run a 20-bagger+ from its current PPS by EOY, IMHO.
Doubling sales in one group of approximately 200 stores and accomplishing an 87% increase in sales in antoher large group of stores is fluff? IMHO, ATTD released a proper PR connecting its marketing efforts in the last two Boston Marathons and the Boston Area with significant sales growth. Today's PR does not feel fluffy to me.
ATTD MAKES SIGNFICANT METRO BOSTON AREA SALES GROWTH...
PALM BEACH GARDENS, Fla., May 3, 2012 /PRNewswire/ -- Attitude Drinks (OTC.BB: ATTD) (OTCQB: ATTD.OB - News), an innovative beverage brand development company and creator of the Phase III® Recovery beverage brand, today announced increased activity in sales and marketing efforts through April 2012, throughout the Boston Metro area. ATTD recently kicked off the Phase III® spring and summer sampling initiative with the Boston Marathon taking place April 16, 2012. With positive feedback coming from supporters throughout the ten thousand spectators and participants that attended the event, this was a successful outreach. ATTD accomplished significant increase in sales not only with the Phase III® Recovery beverage-stocked Tedeschi Food Shops but elsewhere within the Great State/Blue Coast Beverages Distribution System.
Specifically, Phase III® sales through Great State Distribution and Tedeschi Food Shops nearly doubled when comparing April 2011 to April 2012. April sales represent an eighty seven percent increase for Phase III® since the product introduction into the Great State/Blue Coast Beverage Distribution system just over a year ago. In addition, Phase III® recently received authorization and is accordingly sold into Demoulas Market Basket, an impressive retailer in the Boston Metropolitan Area - along with a number of independent retailers representing various sales channels from fitness centers to convenience stores.
"The growth of Phase III® [sales] in New England, which began in Boston last year in Tedeschi Food Shops, is continuing at an impressive rate as [additional] convenience stores and retailers authorize [the sale of Phase III® from their stores' shelves]. The addition of Demoulas Market Basket to our retailer family is extremely gratifying. Phase III® will be a profitable addition to Market Basket's great portfolio of products," commented Jack Shea, Executive Vice President of Sales at Attitude Drinks.
Niki Fuller, Vice President, Brand Manager at Attitude Drinks, commented, "We have always believed that Phase III would show continued success over time following product introduction and awareness marketing. The Boston Marathon has always been a successful venue for reaching out to both serious athletes and those interested in high intensity sports. Consumer reception to the product was extremely positive, which remains encouraging as we continue to pursue the selling of Phase III® into the Greater Boston Metro Area."
Steve Monaco, Director of Purchasing at Tedeschi Food Shops, commented, "I strongly believe we have just scratched the surface on our growth potential with Phase III®. Niki Fuller & Jack Shea have done an outstanding job as ambassadors of the brand. The continued focus in the Boston market will reap substantial benefits in 2012. Tedeschi Food Shops is proud to be a partner of Attitude Drinks and The Great State/Blue Coast Beverages distribution system."
Ron Fournier, Vice President of Sales at Great State Beverage, commented, "The continued increase in sales of Phase III® within the Great State/Blue Coast Beverages distribution system is affirmation that not only did we choose a winning brand, [and] will continue to enjoy growth in developing what surely will remain a solid partnership with Attitude Drinks. We look forward to seeing the continued efforts by the Phase III® team in support of the brand as we believe these numbers will continue to rise."
About Attitude Drinks, Inc.
Attitude Drinks, Inc. is an innovative, beverage brand development company with a pure milk recovery drink that exploits recent scientific evidence confirming the benefits of milk and protein as an exercise recovery aid. Phase III® is sold in select local, regional and national markets, including colleges, universities, convenience stores, fitness centers and gyms, as well as online. For more information, including recent clinical trial results, visit www.attitudedrinks.com.
About Great State/Blue Coast Beverages Inc.
Great State Beverage in New Hampshire and its wholly owned subsidiary Blue Coast Beverage in Mattapoisett, MA provide strong distribution with a reputation for building premier brands throughout New England. For more information about Great State Beverages please contact them at 603-644-2337.
About Tedeschi Food Shops.
Established in 1923 in Rockland, Massachusetts, Tedeschi Food Shops, Inc. is one of New England's most trusted family-owned and operated convenience store chains, with more than $600 million in annual revenue. The company operates 190 convenience store locations throughout Massachusetts, New Hampshire, and Rhode Island. Tedeschi Food Shops prides itself on providing its customers with a family of quality proprietary brands: TD's Deli and Tedeschi Fresh Foods, Tedeschi Select, and Tedeschi Fuel.
ATTD Contact:
Roy Warren, CEO
Attitude Drinks, Inc.
561.227.2727
roy@attitudedrinks.com
Timestamp:
May 03, 2012 14:30:57 EST
This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the failure to meet schedule or performance requirements of the Company's contracts, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In light of these uncertainties, the forward-looking events referred to in this release might not occur.
Why were you waiting? What is your take on that quote regarding MMTE? TIA!
Okay... hold your horses. I can and do see the angle you see as stated in your below quoted post, but the statement in the report is NOT clear that Mr. Lieberman did, in fact, sell his 99% of the Chilean company to MMTE.
Assuming, arguendo, that Mr. Lieberman did sell those shares to MMTE - that only brings up another concern. Why in the hell did HE own the shares in the first place? Why did MMTE not originally purchase them? Did Mr. Lieberman do this to make a profit by selling them to MMTE for a price higher than he paid? The transaction history is odd... something just does not seem quite right.
Although, I must admit that clarity is not the report's finer point.
Look up the citations to authority! They say what they say, and I clearly quoted what MMTE states in that post's paragraph F, with a specific citation to where one might find that quote in MMTE's own published documents.
Here, let me help you: (1) Click the below link, which will take you to a downloadable copy of MMTE's 2012 Report; (2) Download the report; (3) Review the subject quote in my prior posts (i.e., regarding the 99% of the capital stock of Compania Lithium Investments: "The shares of stock acquired were owned by Mr. William Lieberman..."); (4) Go to page nine of your downloaded MMTE 2012 Report; and (5) Read the first paragraph of page nine to find that exact quote.
LINK TO DOWNLOADABLE MMTE 2012 REPORT: http://www.otcmarkets.com/financialReportViewer?symbol=MMTE&id=76898 .
WTH??? The post is CITED to MMTE AUTHORITY with COPIOUS DETAIL! Claiming the entire post false when most of the post entails quotes FROM the MMTE annual financial reports makes no sense. The post is quite accurate, as my citations to authority evidence.
I respectfully request that you NOT accuse me of pumping this stock. Currently I own ZERO shares of TGS. Why the hell would I want to pump the price UP to purchase the stock for MORE money than I could do so right now??? You impune my intergrity with your flippant accusations, and I do not appreciate it.
I seek only to continue investigation TGS as a potential investment; pumping the stock certainly plays no part in that objective.
As an attorney, I speak to many, many people, clients, opposing parties, and counsel on a regular basis. And just like MMTE's Mr. Lieberman almost certainly does - many of those same individuals actually LIE to me or conveniently fail to tell me the ENTIRE truth in an attempt to preserve and protect their own interests. In Mr. Lieberman's case, the fact is that he personally OWNS the potentially money-making company connected only tangentially to MMTE! See, e.g., the following statements cited to MMTE authority sources:
A. Mammoth Engery Group Inc. ("MMTE" or the "Company") stated in both their April 2011 Annual Financial Report ("April 2011 Report") and their April 2012 Annual Financial Report ("April 2012 Report") the exact same "Business of the Company" - suggesting that nothing of any real significance progressed with the Company to update the "Business of the Company" for an entire year. To wit: "Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world." (April 2011 & 2012 Report, pp. 7.)
B. MMTE further reported just last month that "the Company has no significant plant[s], property [legally the word 'Property' includes real property, intellectual property, personal property, and real property rights such as concessions], or equipment.... , and it has did [sic] not purchase any significant plant[s], [Property], or equipment during this [past] fiscal year." (April 2012 Report, p. 8.) So by its own express admission the Company owns, essentially, nothing.
C. MMTE further clarified that Mr. William Lieberman, Company president and largest shareholder (i.e., not the Company) personally owns the acquired 99% of the Compania Lithium Investments Limitada ("Compania Lithium" or "Company Lithium Investments”) capital stock [i.e., the company holding all the lithium mining concessions].
D. MMTE also states that [though the Company owns no plants, property, or equipment] Mr. Lieberman - the 99% majority owner of Compania Lithium and the largest stock holder of the Company - actually intends that someday Compania Lithium will mine for lithium, operate refining facilities, transport the refined lithium, and sell the end-user-ready lithium on the wholesale market! (April 2012 Report, p. 8) THAT statement proves exactly opposite to the various claims made on these boards that neither MMTE nor Mr. Lieberman have any true intentions of trying to make money by actually going through the extrordinarily expensive lithium mining start-up process and subsequently complex mining, refining, transporting, and markeing process! Thus, MMTE - by way of its President and largest shareholder - reports that (contrary to many opinions posted on the MMTE Board) that Lieberman does intend to mine, refine, and market lithium. (April 2012 Report, p. 8; see also http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72055940 .)
E. As the above link evidences, even if Mr. Lieberman mobilized his personal Compania Lithium (or Compania Lithium with a JV partner) to begin the mining start-up process, the soonest one might expect revenues from lithium mined and refined by Compania Lithium (99% of which Mr. Lieberman personally owns) would fall somewhere around June 2015! (See, e.g., id., via above link at Salita de Vida Lithium Mining Project Timeline; see also April 2012 Report, p. 8 and 10 at Operational Services.)
F. Concordantly - EVEN IF - Lieberman's Compania Lithium manages to make any revenues or profits from mining, refining, transporting, and selling lithium, such revenues or profits very much appear slated for Mr. Lieberman's bank account - not the MMTE shareholders - because the April 2012 Report expressly states that Mr. Lieberman, not the Company, owns 99% of Compania Lithium's capital stock! Specifically, the Company reported as follows: "99% of capital stock [shares] of Compania Lithium Investments....acquired were owned by Mr. William Lieberman, the Company's President and majority shareholder." (April 2012 Report, pp. 9, 11.)
Hence, talking to Mr. Lieberman about his intentions and plans for MMTE and trusting in what he says is much like believing the North Korean Goverment when it claims its people enjoy a prosperous, happy, and high standard of living!
MMTE’S 25 POINTS OF PAIN…
In response to your request, please note the following dispositive admissions, mistakes, blunders, and/or bad faith actions with which Mr. Lieberman and his lackeys have caused serious damage to MMTE shareholder value in just one year's time:
1. Tanked MMTE's price per share from a 50-Day SMA of $0.0029 as of April 30, 2011 to MMTE's current 50-Day SMA of just $0.0006... a -79.3% drop in value in our Mammoth Energy Group Inc. ("MMTE" or the "Company") holdings!
2. Filed Annual Report on April 15, 2011 ("April 2011 Report"), reporting the following share structure:
-5.0 Billion Common A/S
-4.9 Billion Common O/S
-2.4 Billion Floating Shares
-1.0 Million Preferred C A/S
-0.7 Million Preferred C O/S
(See, e.g., http://www.otcmarkets.com/stock/MMTE/financials at April 2011 Report, p. 6.)
3. Filed Annual Report on April 2, 2012 ("April 2012 Report"), reporting the following disturbingly diluted share structure:
-15.0 Billion Common A/S (300% increase over last year)
-6.9 Billion Common O/S (29% dilution increase over last year)
-5.9 Billion Unrestricted Shares
-1.0 Billion Restricted Shares
-0.1 Million Common B Issued Shares
-0.1 Million Common B Outstanding Shares
-0.2 Million Common C Issued Shares
-0.2 Million Common C Outstanding Shares
(See, e.g., id. at April 2012 Report, p. 6)
4. Admitted in their April 2012 Report: "[T]he Company recapitalized by increasing the authorized shares from 5 Billion to 15 Billon shares." (April 2012 Report, p. 7.)
5. Stated in both their April 2011 Report and April 2012 Report the exact same business of the company - suggesting nothing significantly progressed with the Company to update the "business of the company" for an entire year: "Mammoth Energy Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world." (April 2011 & 2012 Report, pp. 7.)
6. Recently reported: "The Company has no significant plant, property [legally the word 'property' inherently includes real property, intellectual property, personal property, and property rights] or equipment to sell, and it has did [sic] not purchase any significant plant, property or equipment during this [past] fiscal year." (April 2012 Report, p. 8.)
7. Clarified that as of May 13, 2011, Mr. William Lieberman, Company President and Majority Shareholder (not the Company) personally owns the acquired 99% of the Compania Lithium Investments Limitada ("Compania Lithium" or "Company Lithium Investments”) capital stock, and that [though the Company owns no plants, property, or equipment] Mr. Lieberman - the 99% majority owner of Compania Lithium and also the majority stock holder of the Company - intends for Compania Lithium to mine for lithium, operate refining facilities, and distribute the refined lithium on the wholesale market. (April 2012 Report, p. 8) So MMTE - through its owner Mr. Lieberman - claims (contrary to many reports by posters on the MMTE Board) that he does intend to mine, refine, and market lithium. (April 2012 Report, p. 8; see also http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72055940 .)
8. As the above link evidences, even if Mr. Lieberman mobilized Compania Lithium (or Compania Lithium with a JV partner) to begin the mining start-up process, the soonest one might expect revenues from lithium mined and refined by Compania Lithium (99% of which Mr. Lieberman personally owns) would fall somewhere around June 2015! (See, e.g., id., via above link at Salita de Vida Lithium Mining Project Timeline; see also April 2012 Report, p. 8 and 10 at Operational Services.)
9. Moreover, EVEN IF Compania Lithium manages to make any revenues or profits from mining, refining, and selling lithium, such revenues or profits appear slated for Mr. Lieberman's bank account - not the shareholders - because the April 2012 Report expressly states that Mr. Lieberman, not the Company, owns 99% of Compania Lithium's capital stock! Specifically, the Company reported that "99% of capital stock [shares] of Compania Lithium Investments....acquired were owned by Mr. William Lieberman, the Company's President and majority shareholder." (April 2012 Report, pp. 9, 11.)
10. Filed late their quarterly financial reports for the periods ending March 31, 2011 and December 31, 2010. (See http://www.otcmarkets.com/stock/MMTE/financials .)
11. Filed NO quarterly financial reports since November 14, 2011 (covering the ownership of Compania Lithium by Mr. Lieberman, as opposed to the Company). (See id; see also April 2012 Report, p. 9.)
12. Grossly and inaccurately predicted back in April 2011: "Mammoth Energy Group will be an integral link in developing energy and mining projects that take advantage of [the] renewable energy shift and will help to create the coming new energy paradigm for the 21st Century." (April 2011 Report, p. 7.) MMTE remains obviously far from this objective, even though an entire year has passed since MMTE made this promise to its shareholders.
13. Admitted that the Company has only ONE full-time employee. (April 2012 Report, p. 8.)
14. Admitted that the Company has no significant customers. (Id., p. 10.)
15. Admitted the Company has no material suppliers. (Id.)
16. Admitted the Company has no patents, trademarks, or licenses. (Id.)
17. Admitted that though the Company has none, it is subject to licensing and permits for its mining activities as required by the governments under which it shall operate; but that where the Company currently has NO mining operations underway, such licenses are not needed. (See id., pp. 7-9, 10).
18. Admitted that the Company runs an accumulated deficit of $1.1 million. (April 2012 Report, p. 15.)
19. Achieved no revenue for last year, but instead incurred $515,620 in net loses with a resulting net cash used for operations of negative $269,217. (Id., p. 16.)
20. Admitted that the Company suffers a net deficient in retained earnings of negative $544,296.00 and a the above-noted running deficient of $1.1 Million. (April 2012 Report, pp. 15, 22.)
21. Admitted the Company intends to incur additional debt and financing from vendors and loans until such time as the Company's revenues reach a point that the Company can prove self-sustaining. (Id., p. 22.)
22. Admitted that as of July 2011, the Company found itself forced to obtain further financing via convertible note with an annual interest rate of 7%. (Id., p. 23.)
23. Admitted that the Company's acquisition policy resulted in increased demand for cash; however, this increased need for cash occurred in the wake of the Company's loss of its oil and gas revenue stream. The Company thus now sits in a highly leveraged position and requires acquisition of additional capital either through the sale of common stocks shares from its 15 billion bulbous authorized share count or, possibly, through acquisition of a financially stronger operating company. (Id., p 26.)
24. Admitted that the 7.2 Billion issued common shares - accounting for all tiers of share ownership - had a total shareholder equity of $40,382.00 (i.e., meaning that the actual equity value of each share equals $0.0000561). (Id., p. 17.)
25. Admitted that though they incorporated the Company in early 2006, their extremely limited progress over the past six years results in the Company yet remaining a "development stage company." (Id., p. 18.)
-Rustler, May 2012
If that is true, why are you worried they will cut the dividend? I mean, if they're not going to cut the dividend, we should expect a similar one to last year. No?
Trust me, you are NOT the ONLY one worried about your LYJN investment. Indeed, some of us put thousands and thousands into this company back when the due diligence results looked a lot better that they have become over the past approximate year.
I've even written Hanna in my capacity as legal counsel, demanding very specific responses that any shareholder is inherently entitled to know pursuant to cited securities law. After TWO such letters, I have received NO response. That is bad; I'm licensed to practice in California, and Hanna knows it. Seems she could not care less even if we take legal action against her!
No, ATTD is NOT raising its A/S to 20 Billion. THAT BASELESS ALLEGATION EGREGIOUSLY MISSTATES THE PRIOR POSTER'S STATEMENT!
Oh lovely... whenever those fools at BARCHARTS or AMERICAN BULLS say SELL, savvy investors say BUY! BTW, does your post even discuss ATTD? You make no reference to ATTD... just kinda of a "noise post" I suppose?
ATTD SUFFERS GROWING PAINS...
Now we must hold tight and count on ATTD's aggressive market capture business plan strategy and its quality product to pull ATTD through what I call the DARK TIMES. Is there risk? Yes, of course. Every savvy investor knows that. All stocks have risk, OTC and pink sheets even more so! Every investor must assess their investment in ATTD accordingly.
ATTD, however, has a real product, selling in relatively significant numbers, and capturing increased market share as the months pass. THOSE are not typical conditions of the average OTC or pink sheet stock. ATTD, as I see it, has a much better than average chance of becoming a very profitable investment by EOY and beyond.
NEVERTHELESS, EVERYONE FOR THEMSELVES.... RESEARCH, ANALYZE, AND MAKE DECISIONS ABOUT YOUR ATTD INVESTMENT ON REGULAR BASIS AND THEN TAKE WHAT YOU CONCLUDE PROVES APPROPRIATE ACTION!!!
GTLA!!!
Exactly. A stock's market price IS its value. Whether that will change with MMTE is doubtful, based on the last year's aggregate PPS performance and faux nuggets of germane information.
Check TGS' history of dividend payments over the past five years, average them, and that will give you a good idea of what to expect. TGS is a rock; it's a utility company for Heaven's sake... not your typical small cap!
SOMETHING is awry with this situation; the fact that the black box that is LYJN provides us no transparency drives me bananas!
Perhaps by the end of 2013 SAPX will see $1.00 per share (assuming no reverse split), but NOT by EOY!
Another day of SAPX dragging us behind it on rough pavement!
What I just do NOT "get" is that even though Hanna must have received the message by now regarding the increasingly many, many frustrated and angry investors - she does nothing! We still have no financials, no SEC-Reporting Compliance, and a toilet bowl PPS!!! WTH???
My recent post cites to verifiable and reputable authority as to every single one of the 25 "MMTE Points of Pain" listed. One's opinion is subjective, very hard to provide cited source authority. The 25 MMTE Points of Pain are not opinion; they are authority-backed, verifiable facts.
The 25 MMTE Points of Pain...
NO. Rather I refer to the following dispositive admissions, mistakes, blunders, and/or bad faith actions with which Mr. Lieberman and his lackeys have caused serious damage to MMTE shareholder value in one year's time:
1. Tanked MMTE's price per share from a 50-Day SMA of $0.0029 as of April 30, 2011 to MMTE's current 50-Day SMA of just $0.0006... a -79.3% drop in value in our Mammoth Energy Group Inc. ("MMTE" or the "Company") holdings!
2. Filed Annual Report on April 15, 2011 ("April 2011 Report"), reporting the following share structure:
-5.0 Billion Common A/S
-4.9 Billion Common O/S
-2.4 Billion Floating Shares
-1.0 Million Preferred C A/S
-0.7 Million Preferred C O/S
(See, e.g., http://www.otcmarkets.com/stock/MMTE/financials at April 2011 Report, p. 6.)
3. Filed Annual Report on April 2, 2012 ("April 2012 Report"), reporting the following diluted share structure:
-15.0 Billion Common A/S (300% increase over last year)
-6.9 Billion Common O/S (29% dilution increase over last year)
-5.9 Billion Unrestricted Shares
-1.0 Billion Restricted Shares
-0.1 Million Common B Issued Shares
-0.1 Million Common B Outstanding Shares
-0.2 Million Common C Issued Shares
-0.2 Million Common C Outstanding Shares
(See, e.g., id. at April 2012 Report, p. 6)
4. Admitted in their April 2012 Report: "[T]he Company recapitalized by increasing the authorized shares from 5 Billion to 15 Billon shares." (April 2012 Report, p. 7.)
5. Stated in both their April 2011 Report and April 2012 Report the exact same business of the company - suggesting nothing significantly progressed with the Company to update the "business of the company" for an entire year: "Mammoth Engery Group Inc. is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world." (April 2011 & 2012 Report, pp. 7.)
6. Recently reported: "The Company has no significant plant, property [legally the word 'property' inherently includes real property, intellectual property, personal property, and property rights] or equipment to sell, and it has did [sic] not purchase any significant plant, property or equipment during this [past] fiscal year." (April 2012 Report, p. 8.)
7. Clarified that as of May 13, 2011, Mr. William Lieberman, Company President and Majority Shareholder (not the Company) owns the acquired 99% of the Compania Lithium Investments Limitada ("Compania Lithium" or "Company Lithium Investments") capital stock, and that [though the Company owns no plants, property, or equipment] Mr. Leiberman - the 99% majority owner of Compania Lithium and also the majority stock holder of the Company - intends for Compania Lithium to mine for lithium, operate refining facilities, and distribute the refined lithim on the wholesale market. (April 2012 Report, p. 8) So MMTE - through its owner Mr. Lieberman - claims (contrary to many reports by posters on the MMTE Board) that he does intend to mine, refine, and market lithium. (April 2012 Report, p. 8; see also http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72055940 .)
8. As the above link evidences, even if Mr. Leiberman mobilized Compania Lithium (or Compania Lithium with a JV partner) to begin the mining start-up process, the soonest one might expect revenues from lithium mined and refined by Compania Lithium (99% of which Mr. Leiberman personally owns) would fall somewhere around June 2015! (See, e.g., id., via above link at Salita de Vida Lithium Mining Project Timeline; see also April 2012 Report, p. 8 and 10 at Operational Services.)
9. Moreover, EVEN IF Compania Lithium manages to make any revenues or profits from mining, refining, and selling lithium, such revenues or profits appear slated for Mr. Lieberman's bank account - not the shareholders - because the April 2012 Report expressly states that Mr. Lieberman, not the Company, owns 99% of Compania Lithium's capital stock! Specifically, the Company reported that "99% of capital stock [shares] of Compania Lithium Investments....acquired were owned by Mr. William Liberman, the Company's President and majority shareholder." (April 2012 Report, pp. 9, 11.)
10. Filed late their quarterly finanicial reports for the periods ending March 31, 2011 and December 31, 2010. (See http://www.otcmarkets.com/stock/MMTE/financials .)
11. Filed NO quarterly financial reports since November 14, 2011 (covering the ownership of Compania Lithium by Mr. Lieberman, as opposed to the Company). (See id; see also April 2012 Report, p. 9.)
12. Grossly and inaccuratley predicted back in April 2011: "Mammoth Engery Group will be an integral link in developing energy and mining projects that take advantage of [the] renewable energy shift and will will help to create the coming new engery paradigm for the 21st Century." (April 2011 Report, p. 7.) MMTE remains obviously far from this objective, even though an entire years has past since MMTE made this promise to its shareholders.
13. Admitted that the Company has only ONE full-time employee. (April 2012 Report, p. 8.)
14. Admitted that the Company has no significant customers. (Id., p. 10.)
15. Admitted the Company has no material suppliers. (Id.)
16. Admitted the Company has no patents, trademarks, or licenses. (Id.)
17. Admitted that though the Company has none, it is subject to licensing and permits for its [future] mining activities as required by the goverments under which it shall operatet; but that where the Company currently has no mining operations underway, such licenses are not needed. (See id., pp. 7-9, 10).
18. Admitted that the Company runs an accumlated deficit of $1.1 million. (April 2012 Report, p. 15.)
19. Acheived no revenue for last year, but instead incurred $515,620 in net loses with a resulting net cash used for operations of negative $269,217. (Id., p. 16.)
20. Admitted that the Company suffers a net deficient in retained earnings of negative $544,296.00 and a the above-noted running deficient of $1.1 Million. (April 2012 Report, pp. 15, 22.)
21. Admitted the Company intends to incur additional debt and financing from vendors and loans until such time as the Company's revenues reach a point that the Company can prove self-sustaining. (Id., p. 22.)
22. Admitted that as of July 2011, the Company found itself forced to obtain further financing via convertible note with an annual interest rate of 7%. (Id., p. 23.)
23. Admitted that the Company's acquisition policy resulted in increased demand for cash; however, this increased need for cash occurred in the wake of the Company's loss of its oil and gas revenue stream. The Company thus now sits in a highly leveraged position and requires acquisition of additional captial either by selling common stocks shares from its 15 Billion Authorized Shares or, possibly, through acquisition of a financially stronger operating company. (Id., p 26.)
24. Admitted that the 7.2 Billion issued common shares - accounting for all tiers of share ownership - had a total shareholder equity of $40,382.00 (i.e., meaning that the actual equity value of each share equals $0.0000561). (Id., p. 17.)
25. Admitted that though they incorporated the Company in early 2006, their extremely limited progress over the past six years results in the Company yet remaining a "development stage company." (Id., p. 18.)
The ONLY persons that can really fix MMTE's current mess and bring value back to our holdings in MMTE are Mr. William Lieberman and his fellow executives. Nevertheless, for the past year I observed Mr. Lieberman and his lackeys taking actions and making mistakes that have born NOTHING, save in most part bitter fruit, for us - the common shareholders!
We, as shareholders, must realize these facts, accept them, and then turn our engeries, frustration, anger, etc., into intense pressure on Mr. Lieberman and his execuitive suite. Bottomline with stinky pinkies, and in this case MMTE, Mr. Lieberman, et al.: until Lieberman and his cronies feel true pressure and anger from the shareholders, they will continue to kick us to the curb for their OWN benefit... as evidenced by the past year or so.
SO GET MAD; GET ORGANIZED; AND GIVE'EM HELL!!!
As legal counsel, I guarandamntee that a class action - or any other significant kind of legal action - against LYJN and/or Hanna will likely NOT reap fresh fruits at this point. The money LYJN and Hanna would use to pay for qualified litigation counsel could EASILY run $1 million or more a year; that's money that belongs to the company... thus we shareholders. Why give it to a $600.00 per hour per attorney Los Angeles law firm like my "alma mater", Greenberg Traurig, or my past competitors like O'Melveny & Myers, Latham Watkins, or Jones Day?
No. Legal action - a class action lawsuit in particular - is a bad, bad route at this point.
Perhaps you're correct; but the fact is that SOMETHING better the hell do "diddle for LYJN," or we will all end up holding empty bags sooner than later!!!
Even if we had news, the news would have to prove substantively positive and verifiable. A sunshine-blowing PR will NOT fix this mess.
As the founder and chairperson over LYJN, any broad range, chronic confusion about LYJN falls in Hanna's lap of responsibility... NOT in the laps of we suffering shareholders!
Too bad Hanna does not! IF she did, she might remember this is a public traded business, with an innate objective of maxmizing shareholder value, not playing with her favorite outfits on fashion Barbie!
LOL... thanks for that... actually made me smile! GLTU on GTGP!!!
I know... I've been on this damn pink ride for over ten years now... lost my hair and gained 50 lbs in the process. Perhaps GTGP will help grow some hair back?
Um... okay. So how does what you stated ensure that I will likely make a profit off my investment in MMTE?