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When is the last time MMMW has said the word "WIND"?
Here's a little refresher on MMMW wind.
MMMW wind article
thats funny because I don't see how a company with SEC compliance issues and no funding at all is any better than toxic-debt.
I highly doubt at this point that MMMW would even pass approval requirements to get any such debt.
I would rather have a SEC compliant company.
I would rather have a company that has funds.
I would rather have a company that responds to shareholders.
My inquiries have gone unanswered since at least September.
I would rather have a company that doesn't post fraudulent facebook posts and then retract and replace them with no explanation to shareholder inquiries.
I would rather have a company that has sales. Not a company that announces sales, announces completion times and the has no explanation for why no sales are reported on financials.
Remember MMMW has no funds, no answers to shareholders, no response to shareholder correspondence, No response to SEC non-compliance, no response to failed shareholder meeting, no response to stock authorizations, no nothing.
I repeat, NO NOTHING.
I'll be watching for 3/15/16 for the Massachusetts annual report.
Nearly 10 million dollars spent.
Wind sales announced, no sales recorded.
Solar sales announced, no sales reported.
Patent applications announced and.....
not a damn thing
This is my opinion but to me its looking like Ricker should have to face criminal charges. It seems he has scammed millions from people. I hope some of you guys are filing SEC complaints. SEC the more noise there is the more likely they are to respond. The SEC has limited resources and they can't investigate every case in a timely manner. The more people bringing up issues the more likely they are to take a look at whats going on.
Here are a few examples of outdated company information on this page:
Page administrators and whoever manages this knows that this information is inaccurate and/or outdated. Some of it will not be updated until MMMW files with the SEC because even though they know it's outdated it still technically is based on the most recent SEC filings. Keep in mind that MMMW may just go out of business and never file with the SEC again.
4 names: Jonathan Ricker, Gary Bedell, Michael A. Cook,Thomas M. Dill
Address:
Mass Megawatts Wind Power, Inc.
95 Prescott Street
Worcester, MA 01605
Share Structure:
Outstanding Shares
58,611,477 as of Mar 17, 2015
Authorized Shares
67,000,000 as of April 30,2015
The company has no staff. There is only Ricker(CEO) and technically he isn't even an employee. There are no subcontractors. There is no one.
In the past Ricker has issued stock in exchange for contracted work or sold company stock to raise funds for contracted work and his salary.
There are no shares left to issue so there are no funds to have staff or even pay to keep an office.
It is possible that Ricker(if he's still around, if that post was legit) could be shopping the technology/product to other companies or partners but there is no real evidence of that.
For all intents and purposes this company ran out of money sometime around July or August.
Believe what you like, but I would be skeptical of anything that isn't released as an official PR or through the companies official website.
P.S. I have asked for an updated company address and have yet to receive a response.
Facebook Announcement Update - kinda long, sorry
Original Facebook message can be seen in its entirety in this forum post #3669
I read the Facebook post and called it out on a few things.
#1 patent claims vs patent pending
OUTCOME: post was edited several times to remove several fraudulent patent claims
#2 claim of company debt reduction
Outcome: Facebook post edited to remove fraudulent debt reduction claim
AS of today the original Facebook post with my comments on it has been deleted and replaced with a completely different version and a few edits to try to fool/discredit anyone saying to check the edits to the post.
This is shady. If there were honest mistakes made the company would issue some sort of statement retracting the announcement and clarifying the issues. They did not do that. They buried it instead. Anyways this would make a great report to the SEC. The fact that none of this happened through the companies website "news" or "Investor" section makes me question the validity of the whole thing.
Break down of suspicion:
Post 3663 - "I will send him an email to ask for a least a holiday greeting."
Post 3669 - "Holiday greetings to our shareholders" arrives
Funny how the same wording was used in the Facebook post as was used in post 3663 saying that user would email the company asking for a "holiday Greeting"
Funny how I posted on here, not on Facebook about the financial inaccuracies and it was then updated on Facebook shorty after that.
Coincidence? Maybe but this whole thing stinks. It is either a post by someone who hacked the Facebook account and made changes based on information on Investorhub or it is a very very very poor attempt at updating shareholders by the company. Either way it's a mess.
Clearly stated "patented" numerous times. If this was written by Ricker, he would not make that same mistake three times in one post.
Removed was the talk about
The Facebook post was changed after I called them out. I'll post another with more info later.
from yesterdays facebook post
read my post before that asking for a clarification on patent info. No response, that's why I put the question mark up so there will be another notification on their end.
Were you able to find any patent info? You looked for my facebook comment so maybe you also checked the patent search for MMMW patents.
latest claims:
anyone able to find mmmw patents that would validate that facebook post claims? No?
I did however see that the part about reducing corporate debt has been retracted. Clearly that was a false and misleading statement.
I see nothing to validate this facebook post.
My response to the facebook post has so far gone unanswered.
There is nothing on their website and the information posted, after researching, can't be verified. The facebook page could just as well have been hacked.
Funny how someone on here mentions asking for a holiday greeting and , magic....we get a holiday greeting.
Search the patent office site and verify that patents have been awarded, then get back to me. I found nothing.
Clarification: read
Shareholder update, not really. It's a facebook post attributed to Ricker.
It explains nothing and after doing a patent search I found nothing to support the claims that patents were awarded to Mass Megawatts.
There are more questions than answers.
Also:
I'm calling Bullshyt.
from post:
you guys will post anything wont you?
A presentation from 3/2014, generic articles....whats next?
This company is now defunct. No employees, no contractors, no SEC compliance, No funding, no sales...scratch that, sales announced but no product delivered to complete the sale, lost office and last but not least....NO CEO since July.
Anyone got the resources to step up and put together a shareholder vote and meeting? You could very easily get elected to be the new CEO. Wouldn't take a whole lot to take over this thing if you wanted.
I can't answer any questions regarding shares but they ran out of money months ago and the CEO hung it up in July. A few in here were trying to pump for a bit, probably hoping to cut losses a bit but this really is hopeless.
Rickers been living off the shares for years and I suspect maybe the SEC put an end to it when he couldn't get the new share increase past them. Just my $.02 Who knows all the real details.
July to November
Another month quietly passes
No CEO = no company
Anyone check obituaries? For all we know he might have passed away.
Maybe he started another company and stole profits from those projects that should have been completed about a year ago.
as she slowly dies the death of a failed company
old news. All this happened before the company ran out of money and the CEO went MIA in July.
No money, employees or CEO = no company.
Well, the CEO has been MIA since July. No explanation for that.
Solar project slated for completion last year. Not completed and no explanation.
That's all anyone really needs to know.
As a small business owner I get BS calls and mail offering credit(debt) every day just about. All are conditional and based on approval. There is no way to know if MMMW would even be approved....whether they wanted it or not.
Why don't you explain to all of us here why the project scheduled for completion last winter never got completed. Oh, you can't because that would be insider information and it would be illegal for that info to be released just to you and with no CEO or employees guess we'll never know unless someone brings a lawsuit against Ricker.
No money, no employees and no CEO. There's noone to take toxic debt.
You can't run a company with no money.
You can't maintain a business space with no money.
You can't hire employees or contractors with no money.
You can't build products with no money.
MMMW can't raise money through stock offerings(failed attempt and SEC issues).
MMMW can't raise money through product sales(or last years sales would have been completed).
MMMW can't get non-toxic debt or they would have done so to close those sales last year. Not to mention product demand Ricker stated there was this year.
Many toxic-debt issuers want stock options, etc etc. MMMW has nothing to offer as collateral for debt, toxic or not.
Of course all of this is meaningless because the CEO has been missing since July.
Another month gone... Still no sign of the CEO.
Clearly he has abandoned ship.
Fantastic! Recommend any
Companies that aren't going out of business that might capitalize on the info in your articles?
Delisting isn't serious trouble, from what I have gathered from others comments on here, lol
It is my understanding that MMMW's attemp to raise capital through an authorized share increase failed either because the SEC didn't approve the preliminary filing or MMMW didn't have the money to pay the costs associated with the vote and share issuance. Either way with the currently ongoing SEC problems and MMMW being broke, increasing authorized shares is off the table.
I believe I've said this before but I think it bears repeating. I will be watching for Massachusetts filings( annual reports, etc) as the next step in the official closing of the business.
I don't know how accurate the ticker is on this page but it shows the volume for the day at o
There is a difference between not accepting toxix debt and being a defunct company with NO working capital.
Again MMMW has no working capital to market or build its product and the CEO has been MIA since July when he landed the company in hot water with the SEC.
Also note: MMMW announced a sale last year with completion scheduled before the end of last year. It is almost November of the following year and this solar tracker still hasn't been completed. Per Rickers own announcement, this takes two people one day to install.
It has been over a year since this announced sale but they still haven't been able to install the system to close the sale.
This is all publicly available information taken from MMMW company info and from the SEC.
The underlying company here is broke and without money it goes nowhere.
15 years, no sales
$7+ million dollars gone, no sales
Working capital $0
CEO, gone since July
Announced sales, gone
Sec troubles, plenty
OK, this what matters to me in a company.
So go ahead and tell me all about the share structure when the underlying company is broke and the CEO is gone. I'm actually interested in your opinion. I'm curious what your thought process is.
Putting aside all the hypotheticals
MMMW ran out of money months ago (search my posts, I've verified this)
It's hard to pay rent or build products without money.
CEO has been MIA since July, without him there is no company.
In trouble with the SEC (non-compliance, SEC can bring charges against people and companies so this can get serious rather quickly)
NONE of this is positive news if you are an investor and evaluating the underlying company.
Announced sales over a year ago never materialized.
The bottom line is that the company is junk. IF you play this as a pump and dump, good luck. Investors beware.
SURQ Can trade on OTCBB asking price Asking $120k, which means they would probably take less. This is less than the debt you'd assume with MMMW.
Authorized shares: 100,000,000
Issued and outstanding: 2,991,880
quick example
Tough market for Shells. Here are pages and pages of them for sale, many way under $100K with no debt vs MMMW $200k debt. Also these have tons of shares available where MMMW has none.
Public Shells for sale
If someone was in the market for a shell, there are a lot better and cheaper options available.
If someone wanted the technology they would be stuck trying to weed through the legality of Rickers actions of giving himself patent rights and royalties. This would be an expensive legal procedure for unproven technology.
I don't see this as a "shell company" making fiscally responsible business sense.
Market Cap is approx $700,000 at $0.01. Stock price is not one cent though. Market cap is subject to market fluctuation, not the shell value unless they are one in the same. If they are one in the same then the shell is equal to not more than the market cap.
If the shell were worth more than the market cap, it would have to be based on patents and technology.
Ricker has, by whatever means, legal or not, given himself patents used by the company and has a royalty schedule to go along with that(assuming the technology ever lead to sales). Seems to me since he was paid by MMMW those patents should belong to the company, not him. This opens the door for costly legal expenses to sort it out, should a company acquire MMMW.
Also, as far as we know there are no patents awarded for the STS so this could be worthless if they aren't granted by the USPTO. As is, what price can you put on patent pending technology. This leaves even more uncertainty.
In light of these uncertainties, I question any real value in the company. At the very least these must be factored into the price and they aren't increasing the value.
Regarding the Tracker:
I cannot attest to the functionality or durability but I can use my experience in 5+ years working in machining and manufacturing to deduce that this could be designed and build in a two car garage using only free time on the weekends for a total production cost of less than $25,000. This includes engineering and electricians costs.
There is little to no explanation for why this has taken years and millions of dollars to design and build.
I would love to see where the millions of dollars of investors money actually went. It wouldn't surprise me if it turned into a civil or criminal inquiry.
Please enlighten us. What is your valuation for this as a shell company? Please post financial figures with documentation supporting these values.
Please also include debt on record that MMMW owes Ricker.
Thanks in advance.
Publicly traded companies that make a comeback after having working capital of less than $600, losing their office and being in trouble with the SEC coming back and making money is also highly unusual.
Companies where the CEO has been MIA for months on end RARELY are good investments.
Let me reiterate, this company is financially bankrupt and the CEO has been missing since July.
I understand I'm not helping with the pump and dump scheme here but that's just how I roll.
I'm the someone else that was talking about 95 Prescott St.
After MMMW removed the address from their website and Facebook page I looked into the reason for this. Knowing that at the time MMMW had less than $600 working capital it wasn't hard to connect the dots.
Go to workbar.com scroll locations and check out the Worcester location.
If this were a shared building there would be different addresses like a strip mall or separate suite numbers. This is not the case. Look up MMMW SEC filings, there is no different address or suite listing. If Solarman is correct and MMMW was in some other space it would be reflected in the official address given to the SEC, which it's not.
This is proof enough for me to conclude that one of the following is true:
1. MMMW lost their office space because with only $600 working capital they had no money to pay rent and utilities and they removed the physical address from Facebook and the website because they weren't there anymore.
2.Solarman is right and MMMW has been reporting an incorrect physical address to the SEC for years.
3. Solarman is right and they are staying in a building with the same address with a loading dock and a leaking roof. It had been proven beyond a doubt that MMMW had less than $600 working capital over a month ago so without money for rent or utilities this place must also have free rent and free utilities. Sounds like a really really really nice landlord. Utilities included in the rent and oh by the way, rent is free.
Take your pick on which seems to make the most sense. I have personally reached out to MMMW and I have yet to receive a response to my inquiry regarding the address. Ricker(CEO) has been gone since July so I'm not really surprised that I haven't received a response.
I will be honest, I didn't see any 1.5 million dollar days. I have seen lots of trades for a couple hundred dollars or less all the time.
It's really meaningless though because the company is broke. They lost their office, are in trouble with the SEC and have no financial means to manufacture a product.
MMMW didn't even have the money to follow through with a vote to increase shares.
I know a lot of you are having fun with these penny stocks and that's fine. Trying to BS people into thinking the underlying company is going to somehow miraculously come back from the dead is wrong though. Even the CEO knows its over. That's why he's been gone since July.
MMMW is about as functional a company as Enron. Ricker has said again and again that he had plenty of customers lined up. If this were true sales would have been announced months and months ago. He was BSing everyone in the hopes that if people thought there was demand that would drive real sales. It was all BS hype and the money ran out.
If Ricker knew anything about business he would have done a much larger share increase last time and he definitely wouldn't have announced that there would be no more share increases and then turned around and asked for a share increase a few months later. Ricker is not qualified to be a CEO of a publicly traded company. All you have to do is follow the trail of PRs that he released and it becomes painfully obvious.
I've qualified my statements before to you all. Shown evidence for what I've posted and listed my past experience including SEC licenses from a past job before starting my own successful small business which has been profitable every year since 2008. I don't come on here talking crap. I'm sharing what I know from experience and researching the company. I am also not shorting this stock or any stock for that matter. I am a buy and hold investor.
You all are free to invest in whatever you want but on here I'm going to call you out as needed so new investors don't get fooled into thinking MMMW might be going somewhere.
...and he pays these subcontractors with air. MMMW is broke and has no money, no office, or anything else.
These guys trying to pump n dump to cut their losses
they are trying to pump up the price with small buys to make it look like something is happening here. Hoping suckers will buy their stock to help them cut losses. Illegal as hell I think.
The company is broke. They (Ricker) has lost everything here with nothing to show for it.
yeah, companies with no money on the brink of bankruptcy look great, lol