- LEGAL COUNSEL & ECONOMIST
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I never said history repeats itself with MMTE, I only quoted your words sayin that. What's with the silliness? I disagree with your point... on many levels.
How many times do we have to explain what is going on with ATTD? We all knew this day would come... converitble notes maturing and causing dilution. It's not a surprise to those of us who did our due diligence. It must be a shock to those investors all over the planet who did not... and now publicy chant it over and over and over!
ATTD is about to rock the stocks of iHub... join the party or get left outside in the rain.
All wise, insightful, and sincere comments! Appropriate for ATTD in every way.
History repeats itself... YOUR words, not mine. Therefore, MMTE must again endure .0003!
TRUTH... TRUTH FINALLY EMERGES ABOUT ATTD... READ IT WELL...
People - HERE ARE SOME TRUTHS!! ATTD is NOT going to go broke. ATTD is NOT going bankrupt. ATTD is NOT going to be doing a reverse stock split. Now - what ATTD actually IS doing and will be CONTINUING to do is to become a HUGE company with an accompanying HUGE stock price and all of the very SMART - LONG TERM - ATTD investors will become rich - VERY RICH!!
So what say ye? WILL SAPX run an R/S or WILL IT NOT?
Indeed, MMTE was once down to .0003... so shall it be again!
Who in the hell would sell before the forward split? That's just crazy talk!
MMTE's share structure will now ensure that $5.00 per share shall NEVER be seen again for this stock.
WHAT filings stated SAPX would run a reverse split anytime soon???
I agree that is should... odd that it's not!
PAWP needs to register and obtain its licenses to sell in California, Nevada, and Utah before one bite of its dog food goes on sale in the United States, not to mention acquire buyers and establish distribution channels. Relax. Give PAWP time to do its work.
True! MMTE could see .0005s or even .0004s printing again by EOW! :(
Personally, I see that severe lack of information as a rather BAD thing, especially for a development stage company like MMTE just trying to get off the ground!
We are basically in the dark, maybe a deal is being worked out, maybe it fell through.
Indeed, someone certainly did just that!
ATTD had very little product actually IN STORES & ON THE SHELVES during 2011, which variable drastically changed this quarter, which will drastically change last year's inventory management system at ATTD. Without having product in many stores during 2011, I'm certain that you've already come to the logical conclusion that last year's sales occurred mainly via online buyers. That inevitable fact throws a wrench into typical inventory management systems. ATTD will not likely run a typical invetory management system until at least the middle of 2012... growing pains of a virtually very young company as it feels out its new digs.
No, it just does not work like that for a development stage company like ATTD that just barely kicked production and distribution into second gear.
Good question for Roy... go ahead and ask him via e-mail. He'll tell it to straight-up just like it is.
An incorrect analysis for an essentially new, growing company that uses a third-party contractor to produce its licensed product. Inventory MOVES through the system... it does not sit stagnant for weeks on end. ATTD likely has a small amount of minimum inventory it likes to keep on hand, switching that small percentage out frequently with new product while the once "on-hand" product ships to awaiting stores all over the East Coast!
At least one year per bottle.
On hand inventory? Irrelevant! The inventory for a company like ATTD is a revolving door as new product comes off the line daily. Thus, the company has new product constantly coming in, only to be shipped out to awaiting stores. "Remaining inventory," of say $96,000, likely left the walk-in - SOLD - the day after it was reported in the last 10Q - as a whole new batch replaced it for the following day. Inventory is continually flying through ATTD, and money from the sales of that inventory is flying back into ATTD.
THERE ARE NO FILINGS FOR THE FIRST THREE MONTHS OF 2012, and those three months will likely see triple the revenue of the entirey of 2011! Moreover, the quarter after that shall only increase the revenues by another double+, and double+ again the following quarter, and again, etc.! By next year, ATTD's per quarter revenue totals should easily hit the three million dollar mark!
Remaining inventory? The inventory for a company like ATTD is a revolving door as new product comes off the line daily. Thus, the company has new product constantly coming in, only to be shipped out to awaiting stores. "Remaining inventory," of say $82,000, likely left the walk-in the day after it was reported - as a whole new batch replaced it for the following day. Inventory is continually flying through ATTD, and money from the sales of that inventory is flying back into ATTD.
We all know that statement is not entirely inaccurate. The $131,000.00 figure you quote is NOT over the last nine months; rather, that number applies to the last nine months of 2011. At the end of 2011 and continuing to this day, ATTD has banked and continues to bank NUMEROUS new and significant contracts (e.g., 800-store product placement contract with Walgreen's) that will result in revenue figures exponetially higher than that paltry, out-of-date $131,000.00 figure. Further, the increase in revenues shall only continue with quickness as ATTD continues to execute its well-functioning, fast-growing, massive marketshare-capturing business model.
ATTD has an excellent product NOW selling quite briskly in over 1,500 stores as of the time of this writing. Further, the news of ATTD's quality product proceeds it; this creates demand for the product in new markets before ATTD is even able to arrange distribution lines into those markets. Hence, ATTD online sales for 2012 have already eclipsed and gone significantly beyond the entire internet sales figures for 2011. As ATTD signs more and more distribution contracts, the sales area footprint for its product will become nearly nationwide within a year or two! Then, as the pending solid revenue streams come pouring into the ATTD's coffers over the coming months and years, ATTD will have no problem servicing, meeting, and eliminating its multi-million dollar debt.
ATTD... MONEY IN THE BANK!
ATTD's Phase III throughout the theme parks of Orlando... NOW THAT'S A WORTHWHILE GOAL!!! Just think of the many people from all over the nation and world that would be exposed to the product that way!!!
Due to MMTE's mammoth O/S, the buy and ask numbers can run well into the hundreds of millions of shares!
Good on you too! Superior attitude worthy of an LYJN shareholder! Nice!
That's NOT what we need to hear right now. :(
ATTD's latest O/S figure is in the millions thankfully... FAR BELOW OTHER OTC STOCKS WITH BLOATED O/S COUNTS SUCH AS 6.5+ BILLION!
Absolutley! That nonsense is totally off base! I stand to differ as well!
SOON... that will be a commonplace view at almost every convenience store in the United States. ATTD... MONEY IN THE BANK!
We most certainly DO NOT trust ole' William Bonnie Clyde Lieberman, but we remain deep in the MMTE red ink and await a Pn'D into the double zeros to bail without taking a significant loss. Further, with what money did MMTE acquire its purportedly valuable, and rather recent, concessions? Those are mammoth expenses that could NOT have been inexpensive, I would imagine. As for financials, OTCMarkets.com indicates that MMTE has not issued financials since the period ending September 30, 2011... almost six months ago... now totally out of date!
$0.1525... according to T.D. Ameritrade.
EVEN IF the share structure has not changed - which assumption makes very little sense in light of MMTE's $0.00 revenues up against it's mammoth expenses - the share structure as of September 30, 2011 is terrifying all on its own! I mean, c'mon... 6.5 BILLION SHARES in the O/S!!! 3.4 BILLION SHARES in the float!!! 15 BILLION SHARES in the A/S!!!! Those figures are a travesty.
The chart speaks for itself, as does the share structure - which even back on September 30, 2011 proved horrific and out of control! Who can even imagine the enormous mess MMTE's current share structure must be?
YEARLY CHART SHOWS MMTE FELL A LONG WAY...
In addition to the above disturbing observations, note that the 52-Week 50-Day SMA fell from last year's high of $0.0025 down to the current, dismal, entrenched $0.0007! Even based on this smoothed, averaged variable... that PPS cliff-dive still represents a -72% in PPS value from the middle of 2011 to current day 2012!
As a securities holding, MMTE has most certainly NOT come a long way in one year! The failure and train wreck that is MMTE is primarily due to WL because, among other things, he does not communicate the fundamental condition/position of the company and thereby hides a huge portion of need-to-know information. This even though the hidden information likely proves far worse than the uncertainty of not knowing it at all! If we could see MMTE as an open book, the story would almost certainly match any tradegy one might imagine.
Moreover, the share structure that existed back on that brilliant March 29th, 2011, now lies shattered, broken, and diluted beyond recognition. MMTE's website investor relations page steers far clear of any tangible financials or fundamentals! (See, e.g., http://www.mammoth-energy.com/investors.php ) So the last reliable share structure and financial information is old... dating back to the period ending September 20, 2011, and even THAT outdated information proves horrific (e.g., 6.5 BILLION OUTSTANDING SHARES; 3.4 BILLION FLOATING SHARES; 15 BILLION AUTHORIZED SHARES)! (See, e.g., http://www.otcmarkets.com/stock/MMTE/company-info .) Heaven sakes... one can only imagine the current MMTE O/S... about to max out the A/S in light of the fact that MMTE has had ZERO revenues over the past year, but incurred significant expenses (likely including a nice, fat salary plus bonuses for WL).
In light of the need to print and sell nearly worthless shares to remain a going concern, educated guesses place the current O/S well within in the range of 12 to 14.5 BILLION SHARES!!! WTH does WL plan to do to bring MMTE's PPS up with such a bulbous, bulging, big, baboon-like backside of an O/S?!!! This mell of a hess does NOT look like anything any real company might want to purchase, even if MMTE's salar concessions are worth slightly more that whatever MMTE paid for them... using money raised from printing and selling shares into the piglike O/S!
MMTE is in an awful condition that will require serious "voodoo" or miraculous economics to correct. I would hardly opine that the past year has been good to MMTE; quite the opposite!
Bold, though insightful and likely accurate sentiments. Colson might indeed be able to salvage the catastrophic damage recklessly inflicted upon MMTE by WL.
Chart strategy with MMTE? LOL. I'm sorry, but I find that comical. MMTE is in such bad shape as I see it that chart analysis proves virtually inapplicable to this beaten-down, heavily diluted, forlorn stock. LUCK is of paramount importance to any success we might see from MMTE for a long, long time now.