Accumulating
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.
I feel for you Holter if you're priced at: .001. I read that same article about the darkside that you did after googling 12-4g (after the last release). Personally I'm not happy about the news but it can be good... What really scares me is Sloth's response from Bickel. I sent my dad to the office because he lives about an hr away and he said that they are working. He spoke with the secretary and his report was rather plain, but I took his experience as positive news so I was eager for a new News release. I was beginning to warm up to the prospect of the future until I read your comment Sloth and the last press release. Now I feel like we might be in trouble but I'll ride this out. Let's hope Jim is looking after our interest. I know you're stuck holter but I'd love to see this thing somehow move to .0005, heck even .0002 would be nice, but at the least I'm glad volume has returned.
I think BOY.TO is on the Toronto exchange. It comes up on my iphone.
Share buy back is what should happen not r/s
We are the owners of RDWD and one of our subsidies owns shares of Chinese companies. We need to get a count of the shares we're still holding in each company so we can understand these assets. Most of the companies have taken major hits in 2011 with the market; but I have been watching their progression and it seems very positive. I'm talking about: BOY.TO; CHNC.OB; ENHD.PK; SGAS.OB; BSPM; and FSIN.
From the time we helped these companies list until now we were able to sell our stake in each company for funds, but I believe we had to leave a 20% stake of the initial for an agreed upon period? As some of these investments have hit new lows in prices I hope Jim and company are quietly strengthening their positions while acquiring more and searching for new clients.
Before I was really worried about these dead periods of trading, but I just read the last filed report and realized that they are sort of accounted for.
What did you expect the count to be? Unlike others I'm optimistic that the run is coming, I just hope that they bought back all 500,000,000 that they said they might since it's undervalued. Imo there is no reason they shouldn't have bought back what they can at .0001. I hope Bickel is at least taking advantage of the stock price in the ways that he can.
You should buy as much as you want. If you want more shares Didgi you can try at .0004, but if you've been trying you know its hard to fill. You can wait or slap the ask... If you buy them at .0005 or .0006 and it closes at .0004, it doesn't mean you got a bad deal. Very few shares may go at .0004 today (like less than $500 worth). Also everyone with huge share counts (8 figures and up) probably have a higher position than you. Mine is at .0008 after averaging down, so new investors should feel good about where they're priced imo.
What I'm saying is, if this thinning progresses the pps should rise? Unless they are manipulating nobody will want to sell at .0004 because they know can get .0005. Hopefully by next week nobody will want to sell at .0005 because they'll know they can get .0006 or more, but as long as we have massive sells down here, and odd trades at .0004, we will stay in the under .001 range. Personally I'm waiting for us to break that mark, but who knows when that will be? I'm expecting it before 2012 but I can't predict this stock's immediate future with accuracy anymore, but psychologically, I feel like .001 is the resistance we need to break.
My Theory: After last news we saw 80-121 million days at .0005 (mostly) and the haters said, why hasn't the pps risen. They didn't realize that many were loading up. Fast forward to today (1 week later) and we have less than 250,000 shares traded because what we've been waiting for has been going on. It doesn't matter if today ends with a $25 trade for less (like days before). What I see is the price thinning out because many realize its value. Soon the smart ones will start smacking the ask so they can ensure they get their shares. As that pattern manifests itself the pps will rise.
If what I'm reading is correct: over 20,000,000 shares traded at .0005 or above, and 5000 at .0004 at the close? These same A-holes did the same thing on Friday.
279 million? Are you really going to try to fly that as truth? I don't know if you'tr shooting an angle or just haven't done your homework; but I have a gift for all who seek knowledge. Copy and paste:
http://www.otcmarkets.com/financialReportViewer?symbol=MMTE&id=65169
p.s. one of you moderators that delete post sticky this financial report
For a long time I thought it was all about the law suit but last night I did some research and I think it was something else first. On March 21st (not positive on date off top of my head) I think they changed the amendments and raised the count to 15 billion. Now I realize that we're only at 6.55 billion and probably will never get to 15 billion, but seeing the amendments changed is never a good sign, and I think that's what started ticking ppl off.
Now if I'm going to trade under the fallacy that each acre is worth $30,000 than I should probably divide by 15 billion but the truth is I think if we get near 15 billion shares its because the company acquired more acres and services for shares.
But just for argument sake: 31,000 acres x $30,000= 930,000,000 \ 15,000,000,000= .062
If you think its too high than cut it in half or whatever you want. I'm just giving a simple projection not a perfect one.
No I disagree again. Another trader said expect the .0004 today, and like I said in my deleted post, we might not EVER see .0004 again. A resistance has built at .0005, and soon it is rising higher. Next week you might not even be able to get them at .0005 or .0006, so I'm in the boat that says we're filling up and almost fully loaded. Be careful if flipping.
No, that's not how subsidies work. MMTE owns 99% so they receive the profits. If you want to cut that estimation in half that's fine but my point is simple, you can even cut it by 66%. 24,000 acres at $10,000 = 240,000,00
If you think we are getting more acres and choose to believe this value formula that was handed down to us than you see a price that is clearly over .03. If you agree with my estimations than you see a price clearly over .1
Let me explain how this gets to 10 cents for those of you that can't understand and or think too small.
Acres have been estimated at $10,000-$30,000. I believe that the levels readings are actually better than originally estimated, and that $30,000 is conservative. Lithium is also going to see a demand rise by 2020 so let's all agree that our acres are worth 30 grand a piece for a minute (even if you don't).
Ok so we take that $30,000 an acre volume and times it by the 31,000 acre goal. That number = $930,000,000 million
Now take that number and divide it by our ridiculous 6.55 Billion share count and what do you get? That number= 14 cents a share.
Now anyone can argue the acres are worth closer to $10,000 but I will argue they are worth more than $30,000
You then must ask, what if the total acrage is over 50,000? Well 50,000 acres valued at $10,000 is worth 500,000,000 million. At worst case the acreage we have is worth $240,000,000
I think .03 is pretty conservative and so is .10
I'll be satisfied with 1 million. Years from now you Multi's be kind and pick up the dinner after the shareholder meeting? And don't be cheap, I want all the fixings!
I'll see what I can do. I'm heading down south to San Diego for the holiday; but maybe I'll drive north when I get back
Thanks gorlock. I've also always enjoyed your post. Keep up your good work. Go Mammoth Go!
I hope so too. I have millions of shares and if anything I've been acquiring. My problem is I've reloaded this week with all my free money. I'm going to be a budget now through mid 1st qtr I guess.
Yeah you're right. Green bids are starting to show up; but I figure if this thing is determined to stay down then maybe I should put in a bid at .0004? Hopefully I never get it filled because we end above .0006
I hope your prediction is right but I want the first fruits sooner!
Yeah I don't understand why they haven't bought back. They should have bought back a billion at this price haha
What MMTE needs is people not selling 100,000 shares at .0004 for less than a 100 bucks.
.0005 have dried up and its ready to jump. Question is how many fools are going to panic and sell at .0005 or worse... .0004 because they see negative 20%? Don't be dumb... hold and or buy!
I agree, but I also think he has a plan and wants us to sell our millions of shares. Let's stick it to them by holding and forcing them to make us money!
You're funny. I think what scares me the most is what you at it. If they're legitimate why aren't they returning or phone calls or at least or emails. Their California offices are like 2 1/2 hrs from my house so I might pay them a visit.
I have to agree with your last comment. I have no full-proof evidence that supports my holding in this company. I have to ask myself, why has management let this stock sit at .0001? Are they duping me and emptying my pockets, or is it part of their plan?
No matter what you believe I ask you to think about: How well known is the Redwood name in America?
After the name change what pr or media blitz did they run? Weren't we all investors before the change? Is there any new blood? How is a new savy investor going to come across RDWD? Is the company doing their jobs overseas and attending conferences looking for new clients like their pr's say? What is the point in growing your name in China and investing in companies if you don't have a plan for the parent company? These are the questions we must ask of the company that helps companies structure their stock efficiently.
I see RDWD as a high-risk high-reward play so I'm just going to hold millions of shares and hope something great comes from it.
I thought about RDWD opening an office in Hong Kong, Mongolia, etc. I thought about the name change, the work they've put into re-branding the company; and about the companies they've already invested in. I then came across some information regarding the Redwood Mongolia Fund, and the numbers and projections were staggering. From my understanding RDWD has kept at least 20% of their holdings in each company? The report had details on all of them so I then plugged each symbol into my phone and I've been following them since instead of RDWD. To tell you the truth, they're all under performing imo and not looking great (FSIN kinda exception); but according to the companies projections MRC energy is supposed to make less than 5 million in after tax profit in 2011 but over 101 million in 2013. I then thought about the companies long term plan and the apartment complexes Boyuan is building in China; and I thought to myself, What will pps be like when RDWD announces the completion of that project? What well pps be like when Redwood Medical is finally running? What about Redwood Technology? As RDWD does nothing to cure my fears, what are they doing in Asia to help these companies achieve success? They claim that they are meeting weekly analyzing and only considering the very best companies for investment. Who are these people doing the analyzing? Who is running these subsidies? Who is Matthew Totty and Richard Chiang? I asked myself these questions and more, and after answering for myself I feel more secure. I've come to grips with the fact that I might lose; but when I really think about it I'm more optimistic about where pps will be this time next year than I am worried about getting screwed.
When the suit was going on the price was over .0025?
Now the share price is .0005
I don't know how many shares the Overcash group wanted but $40,000 can buy 100,000,000 at .0004.
I'm not sure if they're allowed to buy MMTE after the suit? After being accused of manipulating I hope they can't.
I know the law suit has been thrown out, but is it possible for some in that group to still be trying to manipulate MMTE?
at .0002?
I think we're going to get some news that will get it moving before the year ends. I've done some personal research on what's going on in Asia and I feel more confident despite the scary stock price.
Something I've noticed about the resistance on Ihub.
For some time resistance 1 and 2 have both been stuck on .0005
After today resistance 1 is .0006 and resistance 2 is .0007
Is that a fair indicator of a shift up that's about to happen? I wonder
We came in around the same time. I bought a few hundred thousand shares and I just watched daily as it lost for months. I Then did more research and as the price dipped under .0008 I loaded up my count times 10.
Today I'm sorta discouraged that we still sit at .0005; but the good news is I can try to make another deposit.
This stock can be annoying because we're always waiting; but I'm waiting for the day when everything turns positive for us. With your position at .001 I hope you're looking really good this time next year. Best of luck to us!
Good move. I bought some extra at .0004 yesterday.
Now I'm hoping the price moves up so fast that I can't get anymore cheapies; of course nobody knows how much longer we'll be at this level. I'll consider buying at any point below .001, and don't plan on selling until much higher than that.
Get them at 6 and help me out :)
We're just excited because we feel like others can see now too.
None of us Longs are where we want to be, we're just happy to believe that we're finally moving in the right direction again.
Your new but in a better position than most of us. Feel very blessed because imo you discovered MMTE at the perfect time (maybe a day late but still great timing).
The warrants are priced at .0035
When I had a 7 figure share count the pps was over .0185. Somebody told me to sell and buy back at .0035. I didn't believe because I was around when this stock nearly touched 3 cents. Needless to say, I lost money. I'll be shocked to see pps fall to the warrant price, but if it does I'll be buying.
Due to pps and questionable financials many claim it is a scam; but with a long term plan in mind I like the stock where its at now just other stocks better. Originally my position was at .009. Many bought as we ran while it was over 1, and some over 2 cents. If your down a bit best of luck... I'm hoping time is on your side.
I hope you and everyone else has to buy on the ask... I want to see this baby run!
If they're smart and if they're allowed to they should just buy 100 million shares at .0004 with their money.
I still believe. I'm focused right now on a different play (MMTE) but feel good about the long term with my position at .00025
My cost basis is .0009072
I don't feel like I have enough shares. I don't have Free money to buy more shares. My share count is 7 figures... I hope I can get rich enough to be satisfied off of MMTE alone... trying to figure out how to double my share count.