looking for truth
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Lovatt other company CLDR now at NO BID
MMUH and CLDR in 2011 both companies will be doing a R /S
MMUH change of name is a prelude to a R/S.
Company will come up with some BS press release,
IMHO
Dumping time. Lovatt must need some Christmas money.
CLDR heading for a R/S .
IMHO
Cassandra and Ewiz :
This is what I have been told. All in IMHO
The 504 share issues was just recently done through Fairhills Capital
www.fairhillscapital.com : Try Contact Evan Solomon 914-614-9178
The 144 shares issues was done through Epic Worldwide.
run buy Edward Miers. Tel 407-478-7910. This guy is "notorious " for Debt Conversion.
Cassandra : The 504 Reg process on Pinkies has become more difficult as most brokers wont touch it. How FairHills Capital manage to get ALL these Free Trading shares and get a broker to clear them, i have simply no idea.
The 144 shares through Debt conversion : I have posted this before. The SEC requirement is for " genuine debt with a note that is clearly stated in the accounts" Any money PAID for this NOTE must NOT go to the company !
This gives officers the oppertunity to extract money either via "accrued salaries or so called loans" Or via a " friendly third party"
Result of both of these large share issues , is that any value for a MMUH bagholder has been destroyed.
Hope this helps you
Salvageable ?
The company has interesting technology.. that's not the issue
Frankly a company at this early development stage should NOT be on the Pink sheets. They should have found a VC or angel investor.
BUT: Pink sheets offer an easy and cheap way to raise FREE MONEY.
When i say FREE, i mean MMUH has no obligation to pay it back, no interest, no guarantees.
Its the shareholders who are " trusting " the management to make something out of it
Its only Salvageable if they find a genuine investor, who will hold restricted shares.
Track record of MMUH has been to simply issue hundreds of millions of shares, without any qualms
This is for the moment simply a gamble / Lotto play
And the odds are stacked against any shareholder.
All IMHO
GLTY
MMUH have nearly reached their limit on the authorised
Either they increase the Authorised or R/S
IMHO : doing a R/S is going to be their favoured option
We shall see..
GLTY All
Schmike : The 504 registration money, would have gone in to MMUH
The RULE 144 money.. thats where probably they got their money from. which amounts to around about $140,000
As for the actual Salary disclosed: don't be fooled by the Nil amounts
Officers can take all sorts of money out of the company, under expenses, without having to disclose anything
And especially for a company like MMUH where the CEO produces the company accounts
Here finally are the facts behind the last weeks volumes ! Based on MMUH Filings today
Jenkings and Lovatt DUMPED / Sold Recently under a 504 Registration
325 Million shares at 0.00008 ! thats right FOUR ZEROS
370 Million shares at 0.00005 ! WOW..
They received Total $44,500
Its under : Part E Issuance History
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=40236
If you see all the EXTRA shares since June these guys have issued under RULE 144, which must be debt conversion, be aware that any cash raised under this Rule in NOT allowed to be put back in the company
The SEC are currently looking at this , as many Pinkies are using Debt Conversion, to enable the officers to get cash out of the company, and in to their pockets
Conclusion : IMHO anybody buying shares in MMUH or the other company CLDR needs to know the reality of where your money is going and that the risks here are pure Lotto play
I received this PM from Jenkins.
I am impressed he has decided to address my comments.
However,I still think MMUH is a very risky stock.
Below is the full message.
You can make your own conclusions.
GLTY
DannyJenkins1
Wednesday, December 01, 2010 5:18:22 PM
Thsnk you got your comments, and appologies for approaching you directly.
In regards to the finances, we did engage a CPA in helping prepare the accoutns, and a charted accountant. The reason there was no cover letter, was because it was going to take another few days, and given we were appoaching thanks giving, I did not want to make the shareholders wait any longer. I had previously made a promise to deliver, and I did deliver.
I have also spoken to the other poster about the finances, and I understand his position may be clarified. Although the numbers might seen little odd. There is a very good reason for each number, and every number is accurate.
For example, the reason the money owed from customers, is a negative, is not because we owe a customer a refund, but because a customer paid us in a advance, for services. This is not uncommon.
The Good will is listed as it is supposed to be, and it is represented with the purchase of Enable Software Ltd. Good will equates to the value (regardless if in stock) minus the net assets of the aquired company. It is also worth noting, the stock (Series E) it was purchases with, cannot be converted at a valuer, lower than $1 per share. Which means, if the stock was to convert now, it would only convert to 250,000 shares. So, the company would have to raise it share price above 1$ to match that price. Otherwise, the price paid is going to be very low. Which is only a benifit to the shareholders.
If you have any question, I am happy to answer them. Please feel free to call me on 321 295 4722.
We really are trying to get the company in the best possible position for all share holders. We beleive great things about the company, and are all working very hard to ensure the business executes fully.
We understand, that shareholders are concerns about the drop from the days of tzufuma, but we really have no assosiation with this guys, and are just trying to execute the business.
It's easy to be critical of MMUH. The company has done nothing to seek any value for the shraeholders. And has flooded the market with billions of shares.
BUT, it "does seem " that Jenkings is making an effort to try and be more proactive in doing " something" with a series of recent PR's
The question now is : Can you believe him? And even if the answer is yes..So what? Can CLDR share price really move up, against a wall of selling ?
Negatives : The recent Quarterly statement was simply a joke ! Basically the financials statement is worthless !
If they can not even afford a CPA to prepare a simple and proper accounts, that seriously concerns me.
Jenkings credibility is therefore very suspect. And his partner Lovatt : well his track record makes Madoff look honest !
Risk : IMHO the strategy CLDR " may take" will be to do a R/S.
Conclusion : VERY High Risk Gamble CLDR. Probably better odds at Vegas
GLTY All
CLDR is a classic example of a pump and dump.
PinkSheets automatically changes the status as soon as any company posts their quarterlys
Its not an endorsmnent by Pink Sheets, and MMUH accounts are at best a joke !!
IMHO , MMUH is heading for a R/S. Then they will start the whole process again with new dilution
Pig Trainer : the IBOX has lots of old information !
Needs updating: Company Name , Company Address, E mail address, IR Firm all need changing
http://www.protekcapital.com/contactus.html
http://www.protekcapital.com/
it means they got 30 days to file, or they get automatically delisted
PipBoy : Your optimisim is admirable. However with CLDR, IMHO this is a hopeless case.
Past performance from Lovatt , has been a total disaster for any shareholder
Look at SSPT and IJJP .. these two companies which Lovatt had been involved with.
In each case the management have only one thing they are interested in, the maximum squeezing of every last dime out of their shareholders !.
IMO their will be a R/S , or moving " once more " of assets in to another shell
GLTY
Tnzalu : I agree. MMUH has been reduced to simply a gamble.
All the rest is pure BS.
GLTY
Sadly you are correct.
As long as they keep finding buyers out there at 0.0001 , they will max the amount of shares MMUH can dump.
Once they hit their A/S , IMHO they will come with the R/S and some BS PR claiming this will bring " new value " to the company
see it before.. and any buyer or bagholder here will be wiped out
Shame
MMUH : Ripe for a R/S. Seen this with Lovatt other comapny IJJP
Destroyed every shareholder
GLTY Drifterfcrc. Hope you get some of your CLDR loss back
Here is Lovatt latest number if you are interested : 407-745-1604
Ewiz : Here is Lovatt latest phone number : 407-745-1604
EliteYoda :
Try Calling or Emailing Lovatt
Tel: +1 (347) 404 5346 | Email: david.lovatt@cloudcentricsystems.com
Drifterfcrc : PPS of CLDR can only be blamed on one thing:
Managment ! LOVATT especially. Look at his other company MMUH
Call or e mail Lovatt with your feelings
Tel: +1 (347) 404 5346 | Email: david.lovatt@cloudcentricsystems.com
GLTY
Ewiz : MMUH mmgt has destroyed any " possible value" solely for the purpose of enriching their own pockets.
And CLDR , Lovatt other company will follow sadly the same path. IMHO
What to do ?
You can file On Line with the SEC a complaint as well as with FINRA and Pink Sheets compliance
You can also instruct your attorney, if you have lost money, to write to the company, if you believe you have been defrauded.
Otherwise warn others on iHub.
GLTY
Cassandra : Reading your post, i only hope that remaining shareholders in MMUH and CLDR take heed !
Your analysis is spot on about Lovatt.
All credit to you
Camarotyphoon : Simple answer.. They are raising as much cash as possible by 504's and debt conversion.
Shareholders are of no consequence to Lovatt and Jenkings
Now they will kill CLDR and then move on to their next shell
IMHO
MMUH nearly dead now.
Next step?
R/S or moving the assets in to a new shell.
Jsh21: I also doubt if financials will ever be posted now
Look at the history of Lovatt other companies he has been involved in.
SSPT and IJJP and the only one left trading : CLDR
And then what ? R/S ?
IMHO
Muga : its terrible for any bagholders.
Maybe Tenacious could ask Lovatt the following question.
SSP and IIJP and now MMUH are 3 companies that Lovatt has been involved in and have all gone to 0.0001 and No Bid
What makes any CLDR shareholder believe that this will not be the 4th company that meets the same fate?
Tenacious : Lovatt other company MMUH is now dumping large amounts of shares.
What is your view for CLDR based upon his actions with MMUH?
DesertWolf : You are constantly stating that this company is a scam and fraud.
Yet you have NOT provided one single real evidence in this matter!
I also note in previous postings that you state that you have had contact with the company and exchanged e mails
To me this all sounds like you have another agenda here.. and are trying to scare genuine shareholders. And Maybe pick up some cheap shares for yourself ?
You dont smell right and i think the fraud and scam is called DesertWolf !
IMHO
Here we go again . Another Dump on the way..
Lovatt and Jenkin must need money for weekend shopping
How sad that these guys can get away with this
Interesting 8 K especially this bit
NX Global, Inc. (the "Company") has terminated the Stock Purchase Agreement signed September 2, 2010 by and between the Company and Propalms International Ltd. The Agreement was terminated by mutual consent of all parties and returns the parties to their original condition, except for the distribution of 100 Million shares of the common stock of the Company that was delivered to ProTek Capital Inc. and will not be returned
Normal the PPS falls after record date of dividend
Agreed: Though It takes two to Tango.
All i can see from this whole mess is a R/S coming soon
That's what happened to IJJP.. another company Lovatt was involved in.
GLTY
Lovatt other company MMUH is collapsing. Check out the volume and price.
Is this a sign for what is about to hit CLDR?
Tnzalu : check out the history of the CEO Lovatt.
SSPT and IJJP both dead in the water
CLDR - in a death spiral
and MMUH ?
financials are always promised, uplisting is dangeled like a carrot.. Reality is that NO financials ever get posted and the rest is all hype.
Sorry if i am spoiling the party here
Wish you all luck
Tenacious : All respect and credit to you on this honest post.
I have been a critic for a long time of Lovatt and his string of companies he has associated with that have ended up in the cemetery.( IJJP , SSPT and now MMUH and CLDR)
Your call with him, while worthy with the best of intentions, IMHO you will be fed a bunch of half truths and lies.
Lovatt has only one interest : HImself
EOM
DesertWolf. What's your problem man !
I have looked at the company your are pumping .. MTPR ! A company who has not made their filings, done R/S and is designated by PinkSheets as Limited Information
PRPM : Has NEVER missed a filing, they fully disclose everything, are Current and keep to their word and pay the dividends on time.
You must be really twisting in jealousy, that you sold out and have missed out on all this
Your opinions are the same as your stock trades: ZERO VALUE
PRPM has moved its offices to New York.
Has also updated all its company info
http://www.otcmarkets.com/stock/PRPM/company-info
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=37875
Richrich : Propalms track record for dividends is excellent .
For your info, PRPM recently paid on the dot a dividend from IFRS. Their latest dividend will be for NEGS. For every 30 PRPM you get 1 NEGS.
I think the record date is sometime early November. And then its 30 days after that you receive the dividend.
I am sure Propalms will make another PR to clearly confirm this
Hope this helps you
GLTY
Mccoy : I don't see that on NEGS. And why would PRPM do a reverse when they just increased their authorized