Retired and just enjoying the ride with MDW (Midway Gold)
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 was sid on call
1-888-217-6800......then 522297 and hit pound....there are 8 people ahead of me...I am lisening now to Bob
I agree...There are just too many avenues of profit going on right now and when MMRF finally shows the money in future financials then the stock will move up!...Money trumps news!..Investors look at the financials...not news..Unless Celgene announces Level 3 success on our cancer data..with that kind of news then might be like CTIC..It shot up to 2900 dollars a share then dropped to nothing (.34) when drug did not work!!..Sure would be "winning the lotto" if that scenario happened here!!....IMO...looking forward to next year when the revenues will really ramp up!!
I wonder if Bob will commit fully to this company now that he sees more revenue stream in the future!! But if his RHL group is lacking in money now then they have 10's of millions of MMEF stock that would entice venture capital in from a multitude of outside investors from individuals or groups!!...Then of course he can keep on doing with RHL group what he has always done....keep buying stock to support the company!!..Of course there are still over 400 million in the companys treasury ...Then he could at the same time get rid of that darned "alternative financing"...Hopefully Bob himself has the money to make everything happen!!oh well...we will see!! JMO.....
This is why my favorite W. Buffett quote of thirty is number 22.................................................................When a company revenues do well then that companys stock price will eventually follow!!...............Buy it and rest easy for the next couple years!!...truly WILL be a life changing decision...Only my humble opinion!!..Kinda thought it was BAC!
Now you got it!..I plan too!
You know Bob reads posts on this board as well as most everybody else on this board!!..Anybody with any brains knows that Bob is not going to cut his own throat with a RS....Ridiculous!...I know that with all the cash generating items in the pipeline that this is a company that is going to do very well!!...You can insinuate with scenarios of doom and gloom but it is only your opinion and the facts of ongoing and upcoming avenues of profibility dismiss your view!...I shall continue to wear rose colored glasses as I have said before....Bob&Co wear them every day to work!!...I still believe you diss this stock for the opportunity of buying cheaper stock!!..and by the way I have not seen any of your posts worth forwarding to anybody and it sure would not be to Bob as he just ignores doom and gloom people and continues following his dream which I also share!!
I hang my hat with the people who own multi-millions shares of stock and are in for the long term! Namely the people who are working to advance the sales of their product!!...They are in for years while you tout "6 months"...This company is probably entering the second inning of a game that may go into overtime!!...People on this board who are not in for the long haul (years) will continue to be disappointed as building this company is a long and slow process....I believe in the product and the people and that is all that is important to me at this point...Share price means nothing ....only continuing ramp up of revenues....Share price will eventually follow as it always does!....I believe you are confused about what long term really means!...To me it means years ...seems you think in months...
I appreciate the fact that Bob&Co. are going to work everyday and concentrating on the job at hand of generating revenues thru the sale of the companys products!! I am sure Bob knows the basics of stock prices!!....increasing revenues move stock prices... I am sure he would like to see the PPS higher but he knows it will eventually follow as company revenues ramp up...He is looking at the long term and so am I!!....The daily harping about the PPS generates nothing but only shows the impatience of short term day traders whose rhetoric means nothing to Bob Lorsch and of course us Long term investors who are with him for years to come!!
David Loftus needs better ammo for his internet contacts!!...Bob&Co. need to get satisfied doctors/customers on video!!....We do not even see any satisfied customer videos on PHR/Lockbox advertising!!....Kira does a good job presenting products but documented satisfied customers on video are needed to seal the deal!!..The doctors/surgical centers that already have the advanced Kodak machines should already be utilized for promotional purposes!!.......I would like to see proof of satisfied doctors/customers out there not just speculation!..I half to admit the lack of does not inspire confidence for me on what is happening out there!! Only time will tell/or earnings!.."Customer Voice" needs to be forthcoming now!...I have a suspicion that the original machines were a "bust" and provoked the "crash" program for the PRO machine...hope I am wrong but time will tell!!....JMO...
When the day comes that I can go to the MMRF site and see a Doctor(s) telling the world how happy they are with the MMR-PRO and how efficient it is working in his/hers office then I will have a better feeling on what is happening in the real world out there...Until we provide info/videos to salesmen I do not see how MMRF can sale anything in volume!!....I hope Bob/Kira are working on it!!..My main concern is ...Are there any pleased doctors out there yet??....wish Bob would give us a heads up on progress of much needed videos!...I remember that Kodak told Bob these videos were needed!! That is what Kodak does in there sales force!! well all we can do is hope!! GLTA
I still feel that when chartis Int. gets started up on close to 45 million clients they will be contacting this year ...it will be a great boon to our company!! They are already proving themselves in the short time they have been saleing in North America!!....OMO....Can not beat a hugh sales force like them!!...Wish Bob would think of all the Doctors, Hospitals, etc. that are clients of Chartis and also introduce the MMR..PRO...They sure have a hugh sales force!!..I would guess he is already working on this with Chartis....commmissions,etc..time will tell!!
I agree!!...Bob knows what he is doing far more then the wanabee "stock gurus" on this board!!....I see people posting about 100% guarantee no RS and then flip and say that it is likely!!...talking out of both sides of there mouth...day traders trying to get the stock down for cheaper shares I guess....future financials will prove out and of course PPS will follow!!..Manic Depressive atmosphere on this board will disappear then although the egotistical day traders probably won't..GLTU....Tiffer
Ah yes...you looked in your crystal ball and fantasized you can see everybodys bank account!!....Do you not realize what a stupid post you have put on this board!!....You consistently talk out of both sides of your mouth!!...Knock it off!!..Earnings go up DAILY with this company....enough said!!
Without money to support "burn rate"...MMR PRO does not survive! That is why Bobs multi-task ability to generate money from any source is important to the survivability of this company...I am confident he gives 100% to ALL he undertakes and at the same time!! and women can not multi-task as claimed! I have noticed thru the many years I have been on this planet that they can not even have a headache and sex at the same time!!.....LnOL...
Does anybody think Bob has lost his mind by being the primary "Loan Officer" to this company??...I say crazy like a fox!!!........I kinda feel Bob is a long term investor...I sure am...There are no facts or figures on alternative financing so why "YAP" about it??????....................................................................................................................................................................................................Net cash provided by financing activities totaled $4,628,567 during 2010, compared to $2,170,522 in 2009. Financing activities primarily included proceeds generated from the issuance of common shares and net proceeds from draw downs on our line of credit from the RHL Groups, Inc., a significant stockholder wholly-owned by Robert H. Lorsch, our chairman, Chief Executive Officer and President.
As of December 31, 2010, we had cash and cash equivalents of $363,689, compared to $487,766 at December 31, 2009.
BANK OF AMERICA WITH MERRILL LYNCH NOW HAS LARGEST WEALTH MANAGEMENT GROUP IN THE WORLD.........I SUSPECT BAC AS BOB MENTIONED MEETINGS IN LA AND KANSAS CITY....PRETTY LOW IN THE ALPHABET AS MENTIONED IN CLUE BOB GAVE!!!!...........................Although signs of recovery appear to be on the horizon, the financial crisis continues to plague the global banking system. Banks are being shut down on a regular basis and interest rates continue to fall, making it harder and harder to find a reliable and trustworthy bank, that also has a high savings account rate.
As shown below, European banks have appeared to fare better than their American counterparts. Below are the world’s ten largest banks, determined by the amount of assets and a description of each.
BNP Paribas (BNP) – This French bank comes in at No. 1 with $3.21 trillion in assets. BNP is one of the largest global banking networks in the world with operations in 84 countries. BNP has four domestic retail banking markets located in France, Italy, Belgium and Luxembourg. In April 2009, as a result of BNP’s 75% purchase of Fortis Bank, the Belgian bank is now the largest Eurozone deposit holder.
Royal Bank of Scotland (RBS) Group – RBS Group ranks as the number two bank in terms of assets held. Currently, the British government is the largest owner of the bank. As a result of severe losses and the conditions of a government backed bailout, RBS Group has halted dividend payments. RBS Group is the largest banking group in Scotland and operates a wide variety of banking brands including personal and business banking, private banking, insurance and corporate finance throughout its operations located in Europe, North America and Asia. As of May 2010, RBS Group had $2.99 trillion in assets.
Guess which banks offer the best CD rates.
Barclays PLC (Barclay’s) – Barclays, with $2.54 trillion in assets, is a British financial services firm operating worldwide. It is a holding company listed on the London and New York Stock exchanges, is a component of the FTSE 100 Index and until 2008 was also listed on the Tokyo Stock Exchange. Barclays operates through branches, offices and subsidiaries in the United Kingdom and overseas and provides retail banking, credit card, corporate and investment banking and wealth management services. Its two major business groups are: Global Retailing and Commercial Banking, and Investment Banking and Investment Management.
Deutsche Bank – Deutsche Bank, the largest German bank with $2.43 trillion in assets, has a strong presence throughout Germany and Europe and continues to grow in North America and Asia. As of March 31, 2010, Deutsche Bank had approximately 2,000 branches in 72 countries.
HSBC Bank – HSBC Bank has more than 460 bank branches throughout the United States, with the majority (380) in New York State. Coming in at number 5 on our list of the biggest banks with $2.42 trillion in assets, HSBC offers its 4 million customers access to global markets through its personal financial services, private banking, retail banking, commercial banking and global banking and market segments.
Credit Agricole – The second and final French bank on the top 10 list with $2.3 trillion in assets, Credit Agricole is a retail banking leader in France and throughout Europe. It is part of the CAC 40, a benchmark French stock market index. It has 11,500 branches throughout the world, more than 160,000 employees and 59 million customers in 70 countries.
Bank of America (BAC) – BAC is the largest bank holding company in the United States, by assets, with $2.25 trillion. The company serves clients all over the world and has a relationship with 99% of the U.S. Fortune 500 companies. In 2008, BAC acquired Merrill Lynch making it the world’s largest wealth manager. It is listed on the New York Stock Exchange (NYSE) and is part of the S&P 500 Index and the
Chartis is in a unique position to set up Lockbox/PHR subscriptions for the many who lost all pictures, important documents...and people who needed medical documentation!!....and the people who were not affected will surly consider protection now that they have seen others who lost everything with no way to recover anything!! Chartis has been in Japan since 1946!! also 160 other countrys!400 Million being paid out to clients of Chartis in earthquake damages!
Contact Us
¦ Chartis Far East Holdings KK
ARCA West, 2-4, Kinshi 1-Chome,
Sumida-ku, Tokyo 130-8560, Japan
Email: chartiscorporate@chartis.co.jp
About Chartis
Chartis is a world leader in insurance, with 90 years of proven experience and customer service. Our fundamental strength lies in our 40,000 employees, who combine global reach with the ability to serve clients in more than 160 countries and jurisdictions. We focus on commercial and personal insurance, with over 500 innovative products and services that are backed by our superior financial strength. As a result, more than 45 million clients around the world rely on us to meet their unique insurance needs.
The history of Chartis companies in Japan dates back to 1946, when AIU Insurance Company began operations as the first foreign general insurance company in Japan in the postwar period. Since then, with the addition of American Home, the first insurer to offer direct auto insurance underwriting in the local market, and JI Accident & Fire Insurance, a joint venture with JTB (Japan Travel Bureau), Chartis has provided an extensive range of products and services to our customers. In 2010, Chartis welcomed Fuji Fire and Marine Insurance to the group, further supporting our foundation in Japan as we continue to build even stronger relationships with our customers.
--------------------------------------------------------------------------------
Japan Earthquake
We would like to extend our sincere sympathies to those who suffered damages from the recent earthquakes in Eastern Japan.
Chartis general insurance companies, AIU, American Home and Fuji Fire&Marine, which provide insurance to customers in the affected areas are running the call centers 24 hours a day including weekends in order to respond to notices on damages and inquiries on claims procedures. Contact information is available on each insurance company’s website.
All Chartis Group companies have the mission to continue providing services to customers and business partners. Therefore, business continuity plans have been deployed utilizing our locations across Japan. We are making our best efforts to ensure that we can fully respond to customers, especially in the affected areas.
Our thoughts and prayers are with everyone in the affected areas and we wish all a speedy recovery and a resumption of their daily routines as soon as possible.
I will be driving to Bay area that day....Hope someone asks the progress of Unis/MMRF launch in Henan Province...Been a long time since award of contract!!...Thanks in advance to whoever asks for info! also Chartis International!!
I think Warren Buffetts quotes are being talked about and we know what a fool he is concerning the stock market!!....LOL...................................................19. "Let blockheads read what blockheads wrote."
20. "Our favorite holding period is forever."
22. "If a business does well, the stock EVENTUALLY FOLLOWS"
The rhetoric that continues on this board about the pps is very disheartening to the day traders I am sure!!...I care less about the pps because the future upward trend of financials quarter to quarter are going to determine the stock price!!...Nothing else! This is the best play for longs that I have seen in years and sour grapes for day traders!...Stay with the basics and keep it simple!!...Revenues determine stock price!!....Nothing else!!...I can wait .....can you??
19. "Let blockheads read what blockheads wrote."
20. "Our favorite holding period is forever."
22. "If a business does well, the stock EVENTUALLY FOLLOWS" We are in the 1st inning of a game that may well go into overtime!!............................................."Thats my story and I'm sticking to it" I like Warren Buffett's "quotes" and especially his patience...which most investors lack!
Be nice if 2,870 shareholders had 90,000 shares apiece!!...Forward split!!....Here come that nurse with my medications again!! LOL...going to be an interesting year!!
#22....My favorite one!!
50 Warren Buffett Quotes to Inspire Your Investing
By Michael Cramton Tuesday, March 15, 2011
»5SharePrintEmailRating:
4.866665.Warren Buffett may be among the world's richest men, but you wouldn't know it if you met him. He wants to be liked far more than he wants to be famous, and his sense of humor is far more indicative of his personality than his ego.
And they don't call him the “Oracle of Omaha” for nothing. By the age of 14, Buffett had purchased a small farm in his hometown of Omaha, Nebraska, using the profits from his paper route. By the time he graduated college, he had $90,000 in savings.
In 1962, Buffett became a millionaire with his Omaha-based investment partnership, Buffet Partnership, Ltd. He began buying shares of a textile manufacturing company, Berkshire Hathaway, and eventually took control of the company. By 1990, he was a billionaire.
Today, he’s the second-richest man in America -- just beneath Bill Gates -- with a net worth of $45 billion. But dinner isn't at expensive restaurants. Instead, he dines at Gorat's -- a local steakhouse in Omaha, and it's always the same: a rare T-bone with a double order of hash browns and a Cherry Coke. Buffett drives himself to work each day in a gold Cadillac. He's known for being humble, courteous and personable, and it’s not uncommon for him to take a visitor to McDonald's on the way to the airport.
It's undeniable that Warren Buffett is smart. He absorbs reams of information and has an encyclopedic recall that amazes attendees at Berkshire's annual shareholder meeting, where he takes questions without notes for several hours each year. But remarkably, his investing style is simple -- buy great companies at a good price.
Part of Buffett's appeal is the charm and charisma he brings to the normally pretentious world of finance. All the while, though, he's articulating some of the most practical investing advice available to individual investors like us. There’s a lot to be learned, so to get started, here are 50 classic quotes from one of the greatest investing minds of our time:
1. "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."
2. "A very rich person should leave his kids enough to do anything, but not enough to do nothing."
3. "It’s class warfare; my class is winning, but they shouldn’t be."
4. "If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%."
5. "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently."
6. "Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars."
7. "The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective."
8. "You do things when the opportunities come along. I’ve had periods in my life when I’ve had a bundle of ideas come along, and I’ve had long dry spells. If I get an idea next week, I’ll do something. If not, I won’t do a damn thing."
9. "Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value."
10. "You only have to do a very few things right in your life so long as you don’t do too many things wrong."
11. "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price."
12. "Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years."
13. "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
14. "Risk is a part of God’s game, alike for men and nations."
15. "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."
16. "We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'"
17. "Chains of habit are too light to be felt until they are too heavy to be broken."
18. "It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction."
19. "Let blockheads read what blockheads wrote."
20. "Our favorite holding period is forever."
21. "I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over."
22. "If a business does well, the stock eventually follows."
23. "Why not invest your assets in the companies you really like? As Mae West said, 'Too much of a good thing can be wonderful.'"
24. "Price is what you pay. Value is what you get."
25. "Wide diversification is only required when investors do not understand what they are doing."
26. "Time is the friend of the wonderful company, the enemy of the mediocre."
27. "Only when the tide goes out do you discover who's been swimming naked."
28. "In the business world, the rearview mirror is always clearer than the windshield."
29. "Risk comes from not knowing what you're doing."
30. "Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it."
31. "There seems to be some perverse human characteristic that likes to make easy things difficult."
32. "If you are in a poker game and after 20 minutes you don't know who the patsy is, then you’re the patsy."
33. "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway."
34. "The rich invest in time, the poor invest in money."
35. "Beware of geeks bearing formulas."
36. "Without passion, you don't have energy. Without energy, you have nothing."
37. "I get to do what I like to do every single day of the year."
38. "I never attempt to make money on the stock market. I buy on assumption they could close the market the next day and not re-open it for five years."
39. "If past history was all that is needed to play the game of money, the richest people would be librarians."
40. "The investor of today does not profit from yesterday’s growth."
41. "The smarter the journalists are, the better off the society is to a degree. People read the press to inform themselves; and the better the teacher, the better the student body."
42. "We enjoy the process far more than the proceeds."
43. "Focus on your customers and lead your people as though their lives depend on your success."
44. "I have no idea on timing. It’s easier to tell what will happen than when it will happen. I would say that what is going on in terms of trade policy is going to have very important consequences."
45. "Cash never makes us happy. It’s better to have the money burning a hole in Berkshire’s pocket than resting comfortably in someone else’s."
46. "Never invest in a business you can’t understand."
47. "Derivatives are financial weapons of mass destruction."
48. "We've used derivatives for many, many years. I don't think derivatives are evil, per se, I think they are dangerous. ...So we use lots of things daily that are dangerous, but we generally pay some attention to how they're used. We tell the cars how fast they can go."
49. "Only when you combine sound intellect with emotional discipline do you get rational behavior."
50. "I buy expensive suits. They just look cheap on me."
Looks like Bob exercised 3 million share option!!...or I am looking at erroneous figures!!...??
Thanks....That is good news!!
This is a 3 year agreement!..Does that mean MMRF only has approx. 1 year left of an agreement that has not launched yet!!..We need input on status of this!!
MMR Information Systems Inc. Joins With United Marketing Group to Offer Its MyMedicalRecords Personal Health Record and MyEsafeDepositBox Services to Vast Array of Nationally Recognized Partners
04/6/2009
MMR Information Systems Inc. (Favrille Inc.), which through its wholly-owned operating subsidiary, MyMedicalRecords Inc., is joining with United Marketing Group Inc. to create online Personal Health Record and virtual safe deposit box services designed to fit into the direct marketing company's matrix of affinity merchandise offers and membership-based services. During the three-year agreement, the two companies are expected to offer MMR products and services, powered by MMR's patent pending technologies, distributed through the roster of lifestyle-based programs that United Marketing Group can offer to its Corporate Partners, many of whom are among the Fortune 500. The agreement reflects the continued validation of MMR's strategy to make Personal Health Records a part of consumers' everyday life, both distributed by doctors and hospitals and also through affinity and membership organizations. The company believes that the launch of its PHR to United Marketing Group's multi-million membership base makes this the largest launch of a Personal Health Record ever.
While rebuilding in Japan is being done I hope Chartis is ready to present(at the appropriate time) to the Japanese Maritime Insurance Co.clients.. Company that they recently acquired 100% of...I am sure they will have very interested clients after this horrendous diaster!!...Still wish Bob would give us a "heads up" on Chartis and Unis!! Lawyers keeping him quiet??..Hopefully so!!
Insurance salemen that I have known thru the years work very hard to get new policy holders as a percentage of premiums paid goes directly to the salesmen!!...This payout continues into retirement of the salesmen unless policyholder cancels policy!!...Now with Lockbox/PHR not being the most likely to be cancelled then I believe salesmen will really be after clients to get on board!! I only hope Bob&Co. and Chartis provided a decent commission for the salesmen!!...That dollar figure will determine the incentive for the salesmen to participate!!...I hope they were generous with the salesmen!!....We will see!
Knowing the future projects coming to fruitation in the coming months suggest to me that Bob&Co. know exactly what they are doing!...Anybody suggesting they know a better way to get financing should contact Bob and let him know exactly where he can get that financing!!...and by the way Chartis is also putting out the "Lockbox" for sale to their clients which can serve a dual purpose of PHR as well!!...Kodaks tardiness does not affect "Lockbox"....insurance salesmen will be pushing security of clients important papers...photos, passports, insurance policys, and on and on...any doctor with a fax can send to lockbox!!
I am looking for the Nov. 15th financials!!...That report will show the strength of our company!!..Calm down and let this company grow!!...I am in for the long haul!!...your rhetoric does nothing for us longs on this board!!...and yes I wear rose colored glasses as Bob&Company do when they go to work every day!!...egotistical rantings really contribute nothing!!
This is the single most important item for me this year!!..I still say Chartis will "knock our socks off!", 3F's...Financials, Financials, Financials...............quote; Company's agreement with Chartis, in what we believe can represent the biggest worldwide deployment of a Personal Health Record."
I do wish Bob would give us guidence on supposed Chartis International being launched this month!!...also give us a heads up on progression of Unis/MMRF project in China!!....These are items we should be kept abreast of!!....Whats going on????
Wild card is still out there! (Per Bernie)
investbernie Share Wednesday, December 29, 2010 3:03:52 PM
Re: Tulaz1 post# 25913 Post # of 28055
T,
My apologies for not going further in depth just yet, but yes, you are are clearly focusing on the main topics correctly.
"Non-Exclusive Licence Agreement", is huge verbage and could open the door to many different possibilities.
(I say this because Mr. Lorsch clearly leaves the door open to increase the potential payoff, in regards to the biotech assests for the company.)
Let's clearly keep in mind not only the market potential in the US, but also throughout the world. Basically, NA the EU, and Asia also... As and example often times people/traders tend to just focus on the revenue potential if approved by the FDA, and fail to look at EMEA approval which would double the "market size" for the drug.
Partnerships could be built for the rights to study and market the the technology, in and on, multiple levels.
Clearly the market hasn't adjusted quite yet to the fact that this announcement alone should move us to .15-.20 almost immediately. The MC should not remain in this tight range much longer, and the technical players will also begin to push this to fair market values sooner rather than later.
(Give it a few days because so many traders/investors are laying low for the Holidays.)
Best Regards, Bernie
Private Reply | Keep | Public Reply | No Replies | Mark as Last Read
MMR Global, Inc. (MMRF)
investbernie Share Tuesday, December 28, 2010 6:22:48 PM
Re: Tulaz1 post# 25901 Post # of 28055
T,
What people/investors need to understand is this... How far did the drug actually progress during the original studies?
Simple answer: The preclinical, Phase I & II, all met the endpoints necessary, and the FDA fast tracked it to Phase III studies.
(At that point something went wrong, and the true question Celgene is assessing would be... Was it the trial design what ruined the potential success, or was the science a flop?)
From my perspective Celgene has apprently done some decent DD before striking this deal with MMR, and the purse can surely get much bigger once we see a few things done.
1.) A new trial design, and for what indications is important.
2.) Patient enrollment actually occuring.
3.) Reasonable updates in regards to progression of the trial, etc.
A drug that has progressed this far has significant value, and I would have no issues whatsoever strapping a market cap on a small biotech in such a position at approximately $200-$300M.
(Example: Small biotechnology company X, has a promising Phase III drug in trial status. Partnered with a huge pharmaceutical company who is experienced with the regulatory process. Has very deep pockets, and a shit load of scientists and researchers. $200-$300M would be a solid/fair takeover price a few months before the trail were to end if the partner were to see potential. With approval on a solid drug they would pay double to triple for a buyout after the FDA approved. Possibly even more, but it would depent on the market and the possible indications being looked at.)
So basically if all the cards fall into place, and solid trial design is submitted and accepted by the FDA, MMR will be in really good shape going forward.
No reason the PPS can't climb it's way into the $1-$2 range in next year and this is due to the fact that milestone payments for the biotech will now be used to run the business plan and model in regards to the actual company.
(Biotech money is a huge bonus, period! Hence wild card.)
The float is very tight, and with diversification we now have, biotech speculators will easily shoot the PPS up to the $1+ range once Celgene starts moving forward on a new trial.
Best Regards, Bernie
Nobody mentions that Bob Lorsch was no longer involved with smart talk at the time of all the rhetoric!!..Bobs biggest mistake was leaving millions of shares in smart talk which he entrusted to the new CEO!!
Get the facts before posting!!!........................................................SCHIESEL
Published: January 25, 1999
Sign In to E-Mail
Print
Single-Page
When it comes to big deals, the AT&T Corporation can move fast. It's the small ones that can take time.
Shortly after AT&T announced last June that it would acquire Tele-Communications Inc. for $31.8 billion in one of the most complicated communications takeovers in history, for example, AT&T's chairman proudly pointed out that the pact had come together in less than two weeks.
So why did it take four months for AT&T to put together last week's $192.5 million agreement to acquire most of Smartalk Teleservices Inc., a small, distressed seller of long-distance calling cards?
The answer illuminates the world of mergers, the power of AT&T and the crushing difficulty of being a small communications company richer in concepts than in capital.
Last Tuesday, Smartalk issued one of the telecommunications industry's stranger news releases. Smartalk had agreed to sell its assets to AT&T for an amount that was barely more than one day's revenue for the long-distance giant.
Good times are coming for those(Not noisy day traders) with enough intestinal fortitude to put the time in owning this stock and seeing it blossom!!.........................................................."This deployment gives the Company control over its own destiny," stated Robert H. Lorsch, MMRGlobal CEO and Chairman. "We now own our platform operations and, as part of our global expansion, have the ability to securely operate with multiple data centers and integrate our products with any carrier in the world. This capability should help facilitate shorter lead times to market and better service Chartis International, Kodak in the Pacific Rim, Unis-TongHE in China and eventually help us launch services in India.
CHARTIS-KODAK,PACIFIC RIM-UNIS.TONGUE.CHINA-AND IN FUTURE INDIA!!
Approx. 34 Billion in premiums per annum!!..4 billion write off was just a bump in the road!!...This co. will continue to prosper!
November 5, 2010
Dear Business Colleagues:
This morning, Chartis’ third quarter 2010 results were announced. Chartis' worldwide operating income before net realized capital gains/losses was $1.1 billion, compared to $719 million in the third quarter of 2009, a 49 percent increase. The third quarter combined ratio was 99.3, compared to a 105.2 in the prior year period. Net premiums increased 7 percent to $8.6 billion. Chartis’ global results reflect the consolidation of Fuji Fire & Marine Insurance Company in Japan, a company in which we acquired a controlling stake earlier this year.
Our U.S. and Canadian businesses contributed significantly to Chartis’ overall third quarter performance with $4.7 billion in net premiums and $702 million in operating income before realized capital gains/losses. Chartis U.S.’s combined ratio improved by approximately 5 points over the prior year period to 101.7. Net premiums declined approximately 5 percent from the prior year primarily as a result of declining ratable exposures, risk and capital management strategies and pricing discipline in a competitive market.
Based on feedback from many of you, I’ve challenged our team to continue to improve customer service, drive innovation and demonstrate transparency in our operations. This is paying off. We’re thankful to the readers of Business Insurance, who announced their 2010 Reader’s Choice Awards earlier this week. Chartis was named "Best Liability Insurer" and Chartis’ Lexington Insurance Company was named "Best Surplus Lines Insurer." In the third quarter alone, we launched 14 new and enhanced products. Many more innovations are in our pipeline and I look forward to sharing those developments with you in the coming months. Please visit the Chartis website frequently for updates on these activities.
Thank you for your business and your ongoing support.
Sincerely,
John Q. Doyle
Executive Vice President, Chartis
President and Chief Executive Officer, Chartis U.S.
You are right!!...I do wish we had it in the intro outlining Chartis rates to their clients and what it means to the agents that get a permanent monthly commission on all policys they sale as long as his/or her client keeps that policy in force!! The ratio of agent to clients is approx. one agent for every 1,000 clients!! If the agents get at least one monthly dollar for every client they sign up then they have potential of $1,000 a month!!..I do not know what Chartis commission is but I am sure it is at least a dollar!!...The BIGGY with MMRF is the One Million Dollar Policy against hacking which will carry a lot of weight for the agents potential sales!!...I believe future financials will show a positive for MMRF!!...Just my opinion!!...This is truly the year for all Bobs building blocks to come together!!..We will see!! Sure wish Bob would give us a glimmer of China's progress!!
A one time write off during one quarter does not mean this is a failing company!!...That write off was for previous YEARS of poison due to the housing meltdown! We will see what the next financials show then we can get a realistic scenario!! They survived and that is saying something when so many others have failed!!