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Looks like someone was listening...
Statement_changes of beneficial_ownership (Form4):
http://ih.advfn.com/p.php?pid=nmona&article=49147126
Supposedly, this is where it is located:
http://chile.infomine.com/companies/listings/30350/compania_lithium_investments_limitada.html
At least someone painted us positive w/500k at the end there!
Chart is looking really great!
LOL... almost like someone wanted to prove me wrong.
"second hour not exciting enough?? Here are some decent buys at the last minute!"
If only the market always reacted like that... heh.
Second hour of trading was about as exciting as the first... lol
Like you said, I do know Brian read the boards... he said that was the first thing he did when he got up in the morning.
However, I don't think it makes sense for a CEO to read the boards. Trust me.. .as someone who has to read and analyze EVERY message, it's NOT always a fun job can be very frustrating seeing and dealing with a lot of what goes on here and I'm impartial (well I try to be at least)! Just imagine how someone who is building the company that these boards are for would feel if they waded through all of these posts!
I honestly don't think it's in MMTE's best interest for the CEO to pay that level of attention to ihub *or* facebook.
However, I also agree w/you that the FB page (and maybe even twitter?) could be used a LOT better. Heck.. even to drop notes like "just got off the phone w/our friends in Chile, good things coming." Social media gives companies a pulse. We currently have a very weak pulse.
Wonderful conversation and THANKS for sharing it with us!
I agree, and I have another problem w/the "Go get another broker" business philosophy.
If you have a product, you try to get vendors to carry it for you, you don't tell your customers to try to find a store that carries it, YOU the producer beats feet to get it to as many markets as possible.
The burden should never be on the buyer.
The DTC sets the standards for clearing trades. They have a chill list to warn clearing houses against certain stocks for a variety of reasons. We are on that list. Penson chooses to acknowledge this list, while other clearing houses do not.
And of course it's an issue, because it's ridiculous to think that telling people to go elsewhere to buy a stock won't raise red flags.
That's an odd response. TC mentioned a Q&A sessions where WL said he was doing everything he could to address the issue w/the DTC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67146559
L2s showing HUGE support @ 5. Probably won't see lower than that for awhile.
BID:
UBSS 0.0005 -21736
ETMM 0.0005 23634
HDSN 0.0005 4700
NITE 0.0005 2900
CSTI 0.0001 50
BTIG 0.0001 50
VFIN 0.0001 50
ASK:
UBSS 0.0006 28952
ETMM 0.0006 30421
NITE 0.0006 2127
HDSN 0.0007 5300
CSTI 0.0012 50
VERT 0.002 50
BTIG 0.002 50
Some would also consider $2k as 2 weeks salary.
Either way, it's a good way to start off the morning.
GO MMTE!
No.. it was a pretty decent opening considering we've seen low volume for some time now. Posting about 10% of the average daily vol of the last couple weeks at the ask is a good open for us..
Pretty good hits at the ask this morning, eh?
I wouldn't exactly consider 5 months "fast".. but different strokes I guess.
Wrong again.
I just like to look at it as a positive turning point for the company. Get away from a dancing around the truth IR guy to someone who actually takes their job seriously and goes after potential investors.
Accuracy in TA requires both a price call and timing.
As far as timing goes, those calls were weeks to months off, so that's very low accuracy.
Is Matysek an investor in MMTE now? Last I heard, he was only in Lithium one, which doesn't have anything to do w/MMTE.
Weren't we supposed to see this imaginary 3/4 months ago?
There's the uptick I was expecting.
Usually when we open lower than where we finished, we pop up after the initial open.
I also agree that releasing the CLIL docs would be great for us, however I believe we have 2 roadblocks on that:
1) The mining site doesn't even have the documents. I've heard that Chile is very tight knit when it comes to the Salars, and apparently we (or CLIL rather) haven't even reported to Chile, much less anyone else.
2) When Brian was answering Q&As, he seemed to indicate that CLIL was a different entity than MMTE and had no responsibility to share any information with us and that we couldn't demand it because they don't report to MMTE.
These two points don't exactly instill faith that our CLIL business will be shared w/us, much less the world (read: potential investors)
If it is truly off the list, THEN I would definitely contact your broker and make sure they know this.
The sooner it get's off Penson's black list, the better. I would have thought we'd hear something from MMTE in a PR by now tho... if it's actually off the chill list, that's a HUGE win for us.
Also, I thought it was only special accounts that can't trade on Ameritrade (Ameritrade bought another company, they used Penson, so THOSE accounts on Ameritrade were restricted from buying MMTE).
At least we're getting some better volume today!
I agree. All of that "DD" has very little to no relevance to MMTE's position.
It's like comparing a local burger joint to McDonalds.
The TA told me that he (the TA) doesn't know why they are on the list and that MMTE is the only one who does. He also doesn't know the status of it because MMTE hasn't reported it to him.
The DTC does not report to the TA, only the stock in question.
That's funny, because the TA who has NO affiliation to anyone but possibly MMTE said that MMTE and the DTC are the only two that know what's going on.
Their claims are so far fetched it would be impossible to do so.
When you make up middle eastern names and tie them to assassinations of major figures in world politics, it's kind of impossible to access that data.
Sure... maybe it's all true. Maybe Penson is the focal point of world terrorism AND the mafia AND several foreign government agencies and that the only place to find this "true" information is on a trashy site full of made up stories. I just think it's ever so slightly hard to believe.
You'd think that ANY of the major financial sites would have something about it if the story had any validity whatsoever. I'm in vegas right now and the street performers are about 10x more convincing than that piece of garbage.
Hilarious story lol.
Honestly.. the further I read, the more I kept expecting them to say penson was a secret alien operation.
Just look at the url to the article, the half a page of tags you have to read through just to get to the article, and read other stories on that site.
It looks like they took a few truths and added pages of conspiracy theory to it.
I just don't see that happening... at all.
All PUUUUUUREEELLLY speculation/IMO on my part, but I really do not see that happening.
Well except for the fact that you can look at the dates of filings, the pr about the suit, when information was found out here, then compare them to the chart and see how it *has* affected the PPS.
As I've mentioned before, it has not had a drastic affect, but it *has* hindered our development.
However, reviewing the charts and timeline, the biggest effect we've seen is when Brian was brought on board. That was the point in April when we started our freefall.
I'm hoping with more professional individuals in his spot, we can see the strength of this stock return, and so far it seems to be on it's way.
I'm sorry, but that sounds like baloney IMO. The exact same type of double speak we're seeing w/the lawsuit.
First of all, the TA told me that we were put on the list in may of 2010, which oddly enough coincides w/some of the emails mentioned in the lawsuit (please do not read that to say that the original dealings that gave light to the lawsuit are the reason we're on the list. I don't know that, there's no information to show that connection, and it would be FAR too speculatory to come to those conclusions based on the little we know.).
Second, you're saying that in the Q&A, he first said that after "pursuing it for 6 months ... they would not tell him why MMTE was on the list or how they could get off." Yet in the very next sentence, he says "the problem with posting this information"... you mean the information he JUST said he didn't have??
Finally, we cannot uplist until we're OFF the chill list.... so no.. uplisting won't get us off the list.
I'm going to trust the TA on this one.
five_lithium_concessions ... were_acquired by [CLIL]
Beautiful!!!!
That's a third party! Not MMTE, not Chile, not a P&D site... but BLOOMBERG!!
GREAT find!!
It is not a Penson problem...
Penson is taking their cues from the DTC chill list
When I talked to OUR TA about this.. he said the only 2 entities that know why MMTE is on the list are the DTC and MMTE itself.
The whole "it's Pensons's problem" was another nice dance-around-thee-facts from Brian. Technically, it's Penson's PREROGATIVE to restrict MMTE, but they're doing so based off the fact that MMTE is on the DTC chill list.
Why are they on the list? Even the TA doesn't know, because the reasons are not published EXCEPT to the DTC and MMTE.
Well we do know CLIL exists:
http://www.infomine.com/index/companies/Compania_Lithium_Investments_Limitada.html
I'd love to have the report, but I'm not about to pay $100 for it.
Curious.. if they aren't lies, what exactly would you call these?
1) Putting out a PR saying there is no lawsuit when there is.
2) Calling a suit frivolous, yet reviewing a settlement.
I want MMTE to succeed... very much so.. but I'm not going to ignore blatant facts.
I agree.. and that's what I was trying to convey. I don't think it's an all or none here. I think it's a bit disingenuous to act like it doesn't exist (especially in a PR), but I also don't think it's nearly as big as some of the louder plaintiffs are making it.
I wish we'd get a decent response as to what is factual, but I'm not holding my breath. At the very least, I wish WL would stop insulting our intelligence. I realize it's his job to put a positive spin on the stock, but there are a few lines that I feel were stepped over; FOR ME.. anyway... as you said, it's up to each investor's comfort zone.