Often irritated, never duplicated
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"Something tells me it won't take that long"
Something tells me that won't be the eventual high for that PPS either, but I hope you get what you're waiting for. Recently dabbled in one I watched for a year before buying. +700% so far. Patience is rewarded if you choose wisely.
Just for clarity...
...We are saying that the MIT-1000 software library includes ID profile for all of those listed below? Zowie. Tremendous technology. The strep test alone is worth plenty, and strep is getting more dangerous.
Testing IDENTIFICATION
LIBRARIES SPECIES
Bacillus
Cereus
Subtilis
Enterobacter aerogenes
Enterococcus faecalis
Escherichia
Coli
coli O157:H7
Klebsiella pneumonia
Kocuria rhizophila
Listeria spp
Proteus
Mirabilis
Vulgaris
Pseudomonas aeruginosa
Salmonella
Choleraesuis
Typhi
Typhimurium
Shigella
boydiiserotype 1
flexneri serotype 1A
sonnei
Staphylococcus
aureus
aureus (Methicillin resistant)
epidermidis
Streptococcus pyogenes
Yersinia ntercolitica
Thanks for that link...
The more I think about it, the more I am glad MMTC is going international. The US has a growing voter bloc that thinks the USDA and FDA aren't worth funding.
"some people think that the're (sic) smarter then the market."
I'm still well into the green on this and a few other micro caps, one of which has been nothing short of spectacular. Wall Street is clueless about the fact that they're eating their young, so why play on their block? I ditched every big board stock well before this dip in the broader markets, having stated since last Summer that the Stimulus-stuffed Dow numbers are inflated by a full 25-30%.
It's pretty amazing to (fore)see all the triple-digit red on the big boards and log in my account to see all green. Wish I could tell you it's always like that, but for now LBSR plus a few other micro-caps are all I want to hold.
The rest of the overvalued market smells like a damp, sweaty, rancid, white-leather jumpsuit that was tossed in a dark corner of your cousin's trailer in Tupelo. We won't ask.
And you'll need some gold chains to decorate that pendulous belly testing the jumpsuit's stitching, so call on Jimmy Briscoe to get some claims proven. There's a gold shortage, and the last time the rise was this dramatic, every TD&H with a claim got rewarded for having a pulse. Our turn will come...
Funny...
I guarantee you 99% of people who trade on info gathered at Ihub are already being punished, in the form of capital losses.
No disrespect to those posting of their calls with Brennan, etc (and thank you for sharing), but anyone who's trading based on public forum messages is flat-out crazy. I know it's done, but I didn't put a dime here until I had watched and read about the company for over a year. Even though it looked cheap at .20+ based on the story, I was able to later grab at .0016 by being patient and letting the MM's erode the PPS over a long slump in the news feed. I would have been bummed to buy in the pennies only to watch it slide down to double-oughts.
I could have missed, waited too long, chased the mighty steam train, but this isn't my first rodeo. A sensible and limited purchase (always in pennyland), a lot of patience, plus open eyes and ears.
The MMTC story has 'rainmaker' written all through it. GLTA.
"...by the time merger news hits..."
By this point, it should be obvious that holding one's breath might not be prudent. I know stalactites that will be completed before the LOCN R/M.
No anger, just prudence...
Again, just screening for prospects and saw the ticker. Read the ibox, saw Wabayashi, and was reminded of a stock that took a hard dive about the same time it was revealed that their funding was through Wabayashi. Apparently there is a litigious trail that follows that organization, as some DD revealed at the time was circulated between some recently-burned shareholders.
It's never a bad idea to research the institutions that enter into agreements with your vested interests. All funding is not created equal, and some end up in lawsuits with their former clients on an all-too-regular basis.
"Why would you not buy at these prices?"
Because those revenue numbers don't mean a lot at +2 billion O/S, and because every time I see that Wabayashi Funding mentioned, there is a foul odor of malfeasance that comes with it. You might want to Google that little organization.
Just scanning for potentials from a screen. This one doesn't warrant further reading, IMO, but best of luck to those invested. You may very well make money here, I just won't be joining you.
Nice Trade!
I did a daily double with some help from OMO. He was watching the PGIE board and I went there and watched it run over 20,000% in a single session before settling at 14,000% up.
I was late to the party, so I grabbed a daily double for a small position (it had already run over 10,000 when I got there) and bailed with 450 free shares left on the table. I think they're worth about a buck-fifty now (all of them, not each).
Funny, PGIE is making noise again. Maybe my freebies will eventually become some seed money.
Apparently Zecco does not accept orders on this equity...
Any idea why?
Preferred shares indeed, as per the June-2011 financials.
And the equity in the preferred shares is about 4X that of the common shares. I'm also curious as to why there is no breakdown of the S/S referenced with regards to the preferred vs. common shares, which, if combined, far exceed the 700M A/S. Anyone care to enlighten me as to whether some reason that all this is kosher?
See "Note 4" at the bottom of the financials linked below.
http://www.icbs.ca/icbs-financial-june2011.pdf
I saw someone mention preferred shares...
...but I see no corroborating evidence of such a share structure. Just some desperation and doubt courtesy of the shorts?
Update: also noticed a recent 40% increase to the A/S. Any idea how often they are allowed to increase the A/S? They certainly upped the share count over the last few months.
My favorite excerpt:
"When asked about a timeline for commercialization, Ricardi stated that MIT plans to use strategic partnerships to bring their product to market and grow the business. “There isn’t any R&D left to do, it’s all engineering now. We’ve proven that the technology works, now it’s a matter of getting it to market as quickly as possible.”
Sounds like the 'strategic partnerships' have already begun.
Read more: http://markets.financialcontent.com/stocks/news/read/12336847
"
Widely reported but not true...
Soros ditched physical gold holdings and put the money into miners and producers. Look it up.
Agreed...
Pile up some cash with LBSR, because a few years after the gold rush you'll be able to make 16% with a CD. The correction for interest rates will be brutal, but it's a way off for now.
Patent concerns...
There are cell counters, cell sorters, etc, that use laser backscatter technology, and one of them is made by a company that has a JV with Sony.
Lawsuits are always a concern in the penny stock world. I've seen a few frivolous lawsuits stomp down highly promising equities. Sometimes the suit is contrived via a third party that wants to limit competition. Best to keep the eyes wide open.
But I am very bullish on MMTC, just cautious.
Also...
Long overdue is the lump-payment property tax buyout, i.e. pay X-amount years in advance, current annual rate, and I own the home tax-free until title is transferred, and leave-me-the-%$#@-alone Mr. Assessor.
General Question:
Ditched all the blue chip stuff that rode up with the 2010 freecovery induced by stimulus cash. Nice, predictable and dividends to boot, but they bleed with the tumbling markets, which were inevitable. Better to reacquire at the same prices I got in 2009. The micro-caps I hold are doing better, and they are chosen as contrarian positions, targeting sectors that hold ground or rise with economic adversity. No complaints so far. I knew the dip was coming and planned accordingly.
But there is certainly a point when US securities will be undervalued. Until then, what currency looks good to offset dollar losses?
I tend to like the Loonie, and may look for an entry point to some Canadian utilities and LLP's I've been watching. I was using some offshore multinationals like PM to hedge dollars, but see a general devaluing of large-caps for the rest of the year. Again, better entry points await.
Smart folks post here. Any insights?
"update: $1743/oz!...explosion!"...
...And nothing in sight to stop it, period.
PM's Mining is a single, limited sector, and by the time every TD&H obtains a clue, it will be time for deep pockets to reset the consumer confidence meter by revving the manufacturing engines again, i.e. putting some desperate folks back to work.
I suspect we are two years away at the earliest. Eventually greed will win and money will go back to work, especially if safe rates over 5-6% aren't available to Big Money. Until then, PM's rule, which is why a company with these claims ought to have some &%@-*%&$, @%$#ing drills in these well-trodden, long-term-leased, Z-Tem'd, plant-stemmed, inferentially-PM'd claims. Given the time frame, there is still an ideal window to shop proven claims, but the opportunity for working capital to drill shrinks with the Dow...
From our friend, ValueProAZ...
Some background on the insight and grit of one David Lowell, half of the Guilbert-Lowell porphyry model. Enjoyable reading and a window into the sharp minds that can look at rocks on the surface and envision what lies beneath. Thanks, VP!
http://longpowerweb.com/en/index.php?c=default&a=infoXX&id=378&p=2&sname=Octogenarian%20Finds%20Copper%20With%20China%20as%20Biggest%20Cu
Certifications will come...
You have to assume that as the machine and it's programming are improved, they will be able to add the newer certifications faster than they obtained the first, especially since new capital is in place to smooth the process.
It might be worthwhile to go back through the NR statements and see what kind of time elapsed between application submission and the certs being granted. Having learned a bit about laser backscatter through some occupational experience, I am confident that the technology will do what they are claiming, i.e. 95% accurate ID of any bacteria, virus, spore, etc. I would assume that the device could also be valuable as a forensics tool, since the tracking of specific microbes or pollens is a major source of evidence for law enforcement.
You may recall that the machine can "learn" new microbes to ID, according to the description. Also consider that they announced certification for SARS last fall. That test alone is enough to market to every hospital in the world, and the corporate healthcare industry buys a lot more expensive machines than the MIT-1K every day. Imagine how many sectors could find a use for this technology. I guarantee that you could test sand or soil for commercial mineralization by using a program that tells the optic sensors to recognize spectral data, or ecological engineers could test ground water for trace toxins on-site.
Properly developed and licensed, it could be a gold mine. GLTA
Not sure I agree...
If MMTC was paying Reuters to pump the stock, or if Reuters issued reports on all OTC stocks, it would be bad to neutral.
But the fact that it was issued recently, followed by a massive run, might indeed mean that a wider network is becoming aware of us, and a Reuters report might not hurt. I won't buy it, but I'm sure some do. They are a big player in the info sector.
"...more than we can handle..."
Of course with 100 machines in 10 years, that's to be expected...
Let OSIS get up to speed cranking out the system and we may get a PR showing massive orders. Future receivables are counted as revenue and could be the next sign of where we are going.
Anyone consider that OSIS got those 100 units back to us pretty quick? You have to wonder if the 100 was a test run to make sure they could deliver quantity, and also wonder if OSIS could be creating inventory for all those customers we can't yet handle.
And yes, a buyout is not out of the question at all. Look at all the medicare/medicaid scare. Abbott or J&J would be smart to acquire such a groundbreaking technology in a worldwide market.
Reuters issued a report for MMTC...
$20 for what is probably less info than we already have here, but it's nice to know someone at the sprawling multinational agencies are aware of our little company. The more I think about how the recent climb defies the odds even in normal markets, the more I see invisible hands in deep pockets guiding the PPS. Something is up, and it's not just the chart.
http://reports.finance.yahoo.com/w0?r=44255307:1
"Let the seed grow...pick the fruit later"
And don't forget, some seeds need to be "hardened" through the winter, left to some serious cooling off before they are ready to germinate. Ditto for some stocks...(yes, I want cheapies!)
"What happens if no pr is released Monday?"
I was ready for some red today, as profit takers and EOW could have pulled us back to a new support level. Instead we had a massive surge of late buying. I'm beginning to think that someone has the inside track on what's coming. In months past, I watched this stock flounder through volume of 8000 when the rest of the market roared, and now we soar as the big boards hemorrhage.
I won't be surprised to see some consolidation after this run, but there also may be some new bid support here, with limited time to build their position. Nobody was worried about getting their cash off the table before the weekend, even though the markets are a shaky mess.
So .004 is fine, especially compared to 48 hours ago, but I'll reserve my shares for the large-cap that wants to own the exclusives to the MIT-1000.
"...right now we are holding the bag..."
You might want to hold that bag pretty tight, as it may suddenly get a lot heavier. Just sayin'...
Pure Speculation...
I think the decision to market overseas and seek NAMSA and AOAC certification may prove to be exceptionally shrewd. FDA hang-ups are legendary for running bio-med startups out of cash while jumping through hoops, so seeking approval that is WTO-ready could ultimately fast-track MMTC to international markets. Given our distributor list, it appears this may already be the plan.
And the deepest pockets are multinationals anyway, although I'd love to see the Cargill connection pay off for us in a big way. Anyone know if they are still privately held?
If anybody is interested...
I've been lightly DD'ing MMTC for about a year. I have the benefit of a friend who works for one of their competitors and he is impressed with their technology. Watched it casually after liking all the initial info I uncovered except (non)revenues (biotech micro), and recently grabbed a few at what I considered dirt cheap for the potential they exhibit.
That was a Friday and they launched like a rocket the following Monday. Just got done watching two spectacular days with nice volume. I'm thinking someone knows something, as we finished up over 90% today, after +50% yesterday, on a Friday ending the worst week on the Dow in a year or so. Somebody likes this stock a lot.
"...ihubers who stuck around...at the bottom!"
I've been lurking here monthly for a year or so. Volume got pathetic, made me glad I wasn't in, but the technology continued to intrigue me. Seeing it below .002 was too much...
(Only had to wait 72 hours to be very glad I had jumped!)
Fluff Enuff...
I liked the affirmation of the Unique project with Disney in today's PR, along with the other developments. Apparently there was some question as to the ongoing nature of the deal, but it's black & white as of today.
Not sure the bottom is in, as I see more pain coming in the larger markets. Limited liquidity will beat down micros as well. Companies with long quiet periods between projects can see the PPS suffer.
Still, I am starting to like the IP library here, as well as the deals they were able to wrangle for licensing. Quite a feat, considering. Watched another micro-cap defy the blood-red markets and trade on pure potential for a second day, over 90% after a 50% day yesterday. They are out there...
Ionized air is pretty harsh, long-term...
I worked in a retail facility that used ionizers, and it gave me a sore throat after a few hours. The idea of a light bulb that cleans your air is novel, but I don't think most people actually like ionized air. After a while the air gets a metallic odor that is not pleasant. It's effective for reducing dust, but the machines haver never caught on with consumers on a large scale.
Just here scanning new tickers, reading some posts. Sorry to the folks who got ganked via R/S. I've bet heavy and seen the tides turn suddenly. If anyone is interested, I post on a board for a unique biomed application that is on a tear. It shows up on the screens for big % this week and I've been watching it slide for a year, grabbed some about 150% ago, still running IMO.
GLTA
Be ready for anything...
Being a big-picture contrarian, it was amazing to see Wall Street bleed 500+ while my modest cache of micro-caps went green across the board.
My only concern is that lots of folks are taking .008% on T-bills after today's slide, i.e. there is desperation for any niche of safety in the market. Between profit taking on today's gains plus MM's beating us down for the deep-pocket newbies attracted by the 50% jump, we could see some serious red as folks clear the table for a weekend fraught with huge economic uncertainty. I hope I'm wrong, and I know many micro-caps can ignore the larger market trends on fundamentals, but I can see a few reasons we might get our imminent run nipped in the bud Friday.
If I come here after work and see more double-digit green, please disregard my pessimism...and my stink bid..
"...generate...cash quick with a sell of Tombstone"
A porphyry 7/10 of a mile in diameter is a serious chunk if the mineralization approaches the type of grades that are historically known locally, and the greenies and their issues are apparently less prevalent in AZ.
I say we sell a portion as a JV share and let some seasoned partner year-round drill it like a deleted expletive. Permitting should be simpler in an established mining district like Tombstone, so this could be a fast(er) track to real revenue along with initial development capital (for all the 'other' claims that give LBSR such amazing potential).
Lots of IP onboard. Still looking, not leaping...
Mega-hype about the C&A opening. I didn't feel it, read a bit further, and like the company, but not enough to buy yet. Glad I didn't grab the .07's leading up. This is probably a good play long-term, but I could see the PPS getting battered in the emerging market. Sidelines for me.
Brennan has a pretty good track record...
It's easy to fault the guy trying to make us all wealthy, or wealthier in his own case. Brennan has brought some companies to the big boards and regardless of how he is able to keep shareholders informed with MMTC, he is a guy who gets big things done. He would not have gotten to where he is being a liar. I also think the shareholders are better served by having him in the lab, the board room, the patent office, instead of typing out garbage PR info to appease day traders.
I find it easy to believe the claims of the company re. the MIT-1000, because I have a friend who works in biomed, and he regularly works on the design of machines that count or ID cells with laser reflective technology. The MIT-1000 is a completely feasible technology, developed by a scientist, computer specialist, and businessman who has proven he can bring his ideas into profitable enterprise. Obviously the folks at Epic have reason to believe that their efforts will be rewarded, as do the MMTC insiders and their heavy ownership.
And yes, given that an official news release stated that the company has orders for 100, 20 for immediate delivery, it seems likely they do have customers. Remember, Brennan and the BOD can get in big trouble for deliberately misleading investors about developments. I seem to recall an OSIS NR stating that they would be willing to work with MMTC jointly financing the production based on projected receivables. If they are a world-class manufacturer as claimed, they can surely crank out 100 rounds of a machine that was designed over the course of 10 years. It seems MMTC is working out certifications and software libraries while the actual hardware is production ready.
I would add that the decision to market abroad strikes me as prescient. Too many biomeds get caught up in FDA (non) approval process. NAMSA and ACOC certified with the goal being WTO approval is the way to go for this system. The USDA and FDA will be broke soon, so MMTC should pursue international markets, both governmental and corporate.
I can wait a few days...
...since I put in a GTC stink bid after hours today...
"More customers than we can handle".
Dow, S&P have been artificially inflated since QE1...
Concur regarding "take the market to where they can get their money out of it when it rises back". My mindset has been that when the Dow was recapturing 13K, it was actually worth 9.5-10K without the firehose of public money padding the ride. It's worse out there than the numbers reflect due to this skewing of the indicators with stimulus dollars.
And BB has already said that Duh-Fed would continue to buy up T-notes beyond the cutoff of QE2 if necessary, so commodities will continue to reflect a declining dollar. Not bad for spurring investment in US equities, but murder on the consumer confidence when food and gas get volatile. Rising commodities also slow down manufacturing when costly raw materials shrink margins.
I am not feeling too optimistic about September and beyond for markets in general. Individual, well-chosen equities appropriate to such a scenario can always be found, but I wouldn't touch a mutual fund.
Waving my straw hat at y'all...
Corn here in IL is tall, but so far skinny ears, as we are short on rain downstate. Upstate has seen record rainfall for the season.
I have noticed a lot of corn planted compared to beans, likely farmers planting according to the corn futures earlier in the year and ethanol chatter in light of rising 2011 gasoline. Beans might rally a bit before South America takes up the slack in our winter months. If the SA countries have a light crop, maybe a real surge. It seems there are far less bean fields around here this year.
Yes, apparently they have a pretty tight float(!)...
And a pretty rockin' P/E ratio as well. I see a lot of potential as I look through some of their holdings.