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i agree but with 8 bil o/s what does it matter at this point anyway. nice dumpage yesterday...didnt see that coming...
gltaimo
no no, they are all interested in mammoth.
soon they will announce the huge levels of lithium gold silver copper and unobtanium embedded in the concessions and all "long and strong" will be multi-millionaires!
gltaimo
since MMTE is getting so close to the big event that will make us all rich
yep, just a FEW more years...
hang on, it's gonna be huge!
a quote from a post from you nearly 2 1/2 years ago...
That would be great if we finally went up next week. Perhaps break the .0005 ceiling? I would like to hear about a purchase or lease of property to kick off their Lithium mining operation. If (and I am only saying if) Mammoth could show that they could make a go of Lithium mining this stock could truely soar. We can all dream about a dollar or more per share, but anything is truely possible here in pinky land.
gltaimo
he answers to someone else
this was made clear in the lawsuit last year. just read the exhibits.
as far as pr's go its like i said before...careful what you wish for. pr's here=DUMP.
gltaimo.
if you watch this stock everyday and this supposed huge news comes in just buy in then. you will easily get in below .001. if it is such monster news as we keep hearing then this will fly and even at .001 you will make bank.
until then your just going to get diluted like the longs have been( to the tune of billions of shares). right now its way too risky imo with the corporate action over at ttx*. that is a merger anyone with half a brain does not want to happen. the split or merger ratio will be quite painful regardless of who the partner is, if any. imo the concessions are essentially worthless which is why they were even available. if that turns out to be the case, well we all know whats going to happen then...
mammoth is a capital raising vehicle imo and anyone with any experience in mining startups knows that the startup absorbs all the costs and it generally doesn't work out too well for the long base of shareholders. this is not always the case but i would bet that is what CONTINUES to happen here. look at all the shares issued here and there is no mining going on at all. also take a look at the most recent filing and you can see that there is no money in the company. i'd post links but why bother at this point...
if you are into risk-management there is no way to justify entering now with o/s rising nearly 500 million per quarter and management keeping shareholders in the dark for months at a time.
if you want to flip, good luck. that is very risky as well at this point, imo.
gltaimo
no daytona...just an opportunity to dump shares to pay the rent...
gltaimo
pps, o/s, and a/s say im dead on correct.
have a good one!
gltaimo
they have already been issued you just dont know it yet
gltaimo
he doesn't buy shares he sells them...
gltaimo
thats what we have been saying...
gltaimo
RS is misleading. A merger.has many ways to adjust the stock equity needed by the merger process.
typical...say a r/s is misleading then give a completely nebulous misleading answer about the process and merger ratio's. the very word ratio defines what will happen here.
its like the semantic difference between selling shares to raise capital and dilution...
i look forward to the ratio announcement and the reaction it draws from the board.
gltaimo
pp'er taking their 50-60% loss or ?
then rocky says "Now look for the pr."
so shorty is covering, with the help of management?
gltaimo
WL has never lied to anyone about anything.
...
gltaimo
such a nasty term r/s. in this case it will be called a conversion, necessary for the migration of shares into the merger partner...
so ya, reverse split.
and how can it be done? semantics. just like they wouldn't dilute when a/s was raised. and they didn't. they were just raising capital with that several billion sold in the last year and a half...which is not dilution...semantically speaking, of course.
gltaimo
seems like a very familiar story...
http://vimeo.com/5720132
gltaimo
here is the latest filing from the monster merger partner that will mine all the gold, silver and lithium etc. from the $900+ million concessions that mmte holds in various exotic locales across the universe.
http://finance.yahoo.com/q/is?s=ttxp
too funny.
gltaimo
in the fall of 2010/spring 2011 was saying the same bs he is saying now.
it was lawyers, then the mining accident put a hold on everything, then he got sick ("sickest i have ever been") and then lawyers again and on and on. he also said he would not be increasing a/s OR o/s and now 3 billion shares later in the o/s, here we are.
but wait, the float has been reduced!!!!!!!!!!!!!!!!!
he is stalling until nobody will buy anymore shares then the dreaded r/s, either naked or cloaked in a merger. his excuse will be we had to do it to get the deal done and for financing, just like he said when a/s went to 15 billion.
still in default in nevada going on almost 3 months...
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=10mP7rLA0BfMFKZbxkoC%252bQ%253d%253d&nt7=0
gltaimo
you might have gone to the well once to often. maybe not though. it could still run a bit with some pumping though it would be short-lived. i stopped flipping this after the last run to .0008.
the report from yesterday:
7,244,333,224 issued and outstanding common “CA” shares. this is going to be 8 billion + o/s by the end of Q3 imo.
current o/s is 1000 million shares+... multiplied by SEVEN!!!!!!!!!! beyond ridiculous.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=82141
and then this little nugget fromt he report as well....
Management expects that initial operating revenue of Compania Lithium will contribute significantly to its overall liquidity. Nevertheless, the Company does not expect revenues until at
the third or fourth quarter 2012. In the meantime the Company expects it expenses to rise at it goes about preparing its mining operations.=selling more shares
Management expects that initial operating revenue of Compania Lithium will contribute significantly to its overall liquidity. Nevertheless, the Company does not expect revenues until at
the third or fourth quarter 2012. In the meantime the Company expects it expenses to rise at it goes about preparing its mining operations.
if memory serves according to Q4 2010 they were supposed to start mining this time LAST YEAR.
translation=lots more shares to be sold=even more dilution on the way. delays delays and more delays.
7,244,333,224 issued and outstanding common “CA” shares
lets not even mention the preferred...
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=82141
o/s increases are revealed with every new filing.
this is a capital raising vehicle only imo. perhaps the properties etc are legit, but current shareholders will be flushed. its already happened, according to all these numbers.
i have to laugh when the responses to this report on this board by some is, "hey! the float has been reduced." though true, that is the pertinent information gleaned from all this information?
wow. amazing.
i think yesterday was a another pp'er getting out with a 60% + loss after holding for a year. who knows for sure but that would be my guess. yikes, that hurts if that is the case...
gltaimo
getting warmer!!!!!!!!!
gltaimo
yes s/s is the key here. but its not an easy fix. you can't just retire issued shares, the owners of those shares wouldn't appreciate that lol.
you could lower a/s but that means zilch. its damage already done with the o/s over 7 billion. wl has issued 2 billion, yep BILLION, shares since a/s was raised and he said he wouldn't dilute the already hideous s/s. he was just raising a/s for financing covenants....ya right.
the longs here will defend the s/s all day but the fact is if you own shares since one year ago you have been diluted by almost 50%.
and we keep hearing that they haven't been selling shares to acquire the land so where did all that money go for the billions of shares issued? hmmm...
the only fix is a r/s or a merger that has essentially the same effect as a r/s.
that is the reality here. NO way around it. its been obvious since a/s was raised to, LMAO, 15 BILLION that this was going to happen. 7 Billion + o/s is amazing. say what you want about wl but the guy has balls for issuing so many shares (I KNOW HE DIDNT ISSUE THEM ALL BTW BUT HE SURE MADE IT WORSE). and he must be a helluva salesman too because longs here have bought it hook line and sinker. it cracks me up to hear people going on and on about their killer dd when all they are doing is talking to lieberman. he's only going to tell you what you want to hear....duh.
TALKING TO THE CEO IS NOT DD.
land valuation is a whole other story as well. the ibox valuations are pure fantasy. there is a reason why all the big boys surrounding mmte concessions never acquired the land mmte now has....probably has something to do with concentration levels, i'd bet.
gltaimo
The CEO has a public track record.
ya we know. none of his companies produces revenues to speak of. not trilliant , fox or mammoth. then there are the lawsuits and also insider deals with family members at shareholder expense.
we know all about it. now you do as well.
it is indeed a public track record.
gltaimo
why bother since the fees for pinksheets and nevada are not being paid because of the uplist/merger?
why file the attorney letter? or pay the fees to nevada or pinksheets? the merger or whatever should take care of all this and make it obsolete according to DD from the longs here. mammoth isn't broke they are just merging and don't want to waste the money on fees? so why file the attorney letter then?
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=80142
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=10mP7rLA0BfMFKZbxkoC%252bQ%253d%253d&nt7=0
so if they pay pinksheets and nevada the mergers are off?
gltaimo
still in default in nevada as well, 60 days +.
i keep hearing that its because of this huge deal coming down that they didnt bother to pay their incorporation fees. thats what longs say anyway. don't need to with this huge merger coming...
but they did the same thing last year and went in default with nevada.
probably closer to the truth to say they don't have the money to pay the fees. the recent lawsuit, which mammoth settled, was over borrowing money to file with pinksheets among other things.
its only $14,000 total to file with pinksheets and nevada. hard to believe a company that has, according to some, 100's of millions of $$$$ in concessions and they can't even pay the basic business operating fees?
hmmm....http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=10mP7rLA0BfMFKZbxkoC%252bQ%253d%253d&nt7=0
gltaimo
INAR looking thin and ready
gltaaimo
i thought so. still set up nicely here and no one selling yet.
we just need a catalyst.
gltaimo
hey prof come back to INAR. still looking good here.
gltaimo
Who he is surrounded by says it all
yep.
white is the financing guy btw and is more involved here than most think. this is not good for the bagholders. the endless defense of this joke should become much more shrill soon.
i also thought that gr white was like williams mentor?
i mean, besides Izzy.
gltaimo
Everyone needs to remember that the parties of the former lawsuit are still upset about the outcome. It is very likely that they are posting here to attack William and MMTE to "get revenge."
Keep this in mind while reading the posts here.
lol. the suit was SETTLED by mammoth. for way WAY more than was borrowed.
can't you see that many MANY ppl here are way down on their account balance and have in some cases been here for YEARS now, since Wl took over? your way down too i'd, bet unless you been averaging down...
gltaimo
nice churn this morning on low volume.
seems like most are holding tight atm.
gltaimo
INAR 600k left at .0008
gltaimo
INAR getting some touches on the ask this a.m
nice start!
gltaimo
INAR looking thin here
gltaimo
prof help us slap INAR around plz ^^
gltaimo
thanks for defining share structure! i knew you knew what it was!!!!!
perhaps its more appropriate to put numbers to the letters, though.
MMTE o/s= 6,869,554,120 (from dec 2011-easily over 7 billion now i would guess)
as far as retiring a/s shares...WHO CARES?
7 billion o/s=damage done.
if people realized just how much 7 billion actually is they wouldnt be going long in this pos.
but thanks for the definition of s/s!
gltaimo
We are SERIOUS about our DD and it is accurate and first class.
ok, but check current pps sometime when your doing dd.
and share structure as well.
other than that i agree 100% with your analysis.
gltaimo
my bad prof :)
very busy today and L2 issues as well.
nice call on RSMI, though!
gltaimo
Pimp what do you think of RSMI?
gltaimo
note to self: mmar has zero finesse. do not play with again.
gltaimo
man look at that lvl2 shuffle nite and csti getting rdy to throw down! nice to see more of what they are holding.
gltaimo
nice boardmark jump today along with pps.
KING doing everything right setting it up here, so far.
imo those 50 million dumped from a few weeks ago got sucked up today with the sellers taking 100% profit.
if they don't dilute too much here this should run.
ps current next week and announcement of mining merger candidates?
looking good here...
gltaimo