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junebug - I hate to see you go. I enjoyed your posts but I can understand your concerns. You will be missed!
You could be right I dont' know...just recently started looking into the company itself. Because I'm a car/tech nut I believe I will keep my eye on this for a little while.
Brief intro - SEC Filings started in Oct 2007, Reporting started in 2008 and looks like they have remained current since 2008. Company basically doesn't have any money and the only 2 people listed is the CEO Chen Zhen and President Jack Garland Stevenson. Company is located in China and Jack is located in Mission Viejo, CA.
I have a background in cars and stereo related products. If everything holds true and they develop the product as planned this summer could be very interesting for this group.
I can certainly understand that. I have been looking into the technology itself and this could be a very nice product.
In order to do testing on land it has to be agreed to by the current owner. We/MMTE does not have to own the land to do it. It's just like engineering analysis, environmental testing, etc - the work is done prior to deals being done.
If MMTE secures a firm to perform testing and the land deal falls through then you have paid for testing for no reason but it is a chance you have to take.
Testing/analysis is done every day on properties not owned by the person(s) doing the work.
Exactly - the comparisons are inevitable! L*XG is a lithium powered rocket and many compare L*XG and MMTE and expect MMTE to do the same.
Please keep in mind that you should not expect MMTE to reach $3 a share based on its current structure. Although not impossible, it is about 99% unlikely. If you question the validity of this look at the share structure of MMTE and L*XG and you will see a HUGE difference. With that being said a more realistic goal for MMTE is $.30 or so.
Very nice depending on where you bought in - definitely being hyped...epic stock picks.
We will not see MMTE rise to the point of L*XG due to the share structure. Please keep that in mind...instead of $3.00 we might see $0.30.
I may have missed something but I believe rockets comment was in response to capton.
Have you considered that many of the longs are already riding free shares?
Considering the time frame I believe we are outside the range of buy/rumor sell/news. It is my opinion we have a lot of eyes on this and they are wanting to make sure the land deals come through as planned. Once that happens I believe we will go up fairly rapidly; granted, there will be selling but I believe it will not create a significant drop.
I want you to think about something - we are in pinky land which means everything is volatile. You do your DD/Research and make decisions for your investments; if you feel it is promising then you buy in, if not you sell. Pretty simple.
Rarely do you run across one that starts at 000 and runs up - there are several people here that have been here since around 0003. I have not; however, I believe this company has a future. If you feel differently then you can make that decision and move on.
Okay? The site(s) have already been explored, concentrations determined, etc; this is a step above the last lithium company that exploded from pennies to almost $3. MMTE will not hit that with the current share structure; however, the point is MMTE is ahead of them and there were 2 items that caused that to explode - heavy marketing plan and signing of land deals!
I believe alot of the ones that continue to post feel the same way gorlock. We are here and buying more when we can.
NOTE: Kgem - I hope you start feeling better.
very well put imo
I don't understand the logic either - at this point I'm only speculating but it could be that agreements are so tied together that one will not be complete without all; or maybe it cannot be announced because it will harm the other negotiations in some way.
It's not that they can't release a PR but for some reason WL has told Brian that he would prefer to wait until all agreements are in place.
LOL...agreed PPO79! I must say I'm envious of those that have been here since 000 but at least they have held on and haven't left. I'm sure some have sold and rebought but at least they are still around!
I'm pretty much right there with you...and I continue to buy when I can. Bought on Friday and going to buy a small amount today.
Mulchers - I thought the Mid-West had too much wind to use pine or anything?
I guess I'm an inbetweener...been in the north, been in the south, but always in the east. I can see the benefit of Textraw but agree cleaning the leaves out is something I would not want to do.
I thought it was buy on rumor sell on news?
What is wrong with posting an article about pine straw and it's use? Yes it contradicts the PR but it is additional DD that is being done. All DD should be considered and ruled relevant or irrelevant. I consider it relevant - it deals with pine straw and the legalities of using it. The PR stretches the truth a bit far (as most pink PRs do). Question is the truth stretched too far? OR is there more DD that needs to be done to see if other areas are placing bans on pine straw?
I will say that I do not own any shares; however, I have been watching it. I think Textraw is a viable product but I don't know if it has the strength to override the reputation of others involved.
Me too! I'm looking forward to what MMTE and WL can do.
1@3,3@29 / 4@31
I've noticed the quietness when things go south. Everyone is refreshing, watching the bid/ask and not saying a word.
Agreed!
5@28/2@29
Sure can
16 Mil in Volume already!
I believe this is an excellent opportunity in the making! The longs know where we are headed and if we can load up more at a cheaper price then it is even better for us.
Put it in perspective though - scary yes; however, EXCELLENT time for those that want to add
Hey - I think I called this. Part I do not know is to what extent the longs can keep up.
I have a diesel truck - it was $4.01 yesterday...for a total of $130 to fill up and I was on a quarter tank to start.
I was thinking about something and wonder if everyone agrees - considering the current circumstances with WLs shares and tomorrow, I do not believe it would be in the best interest of the company to issue a PR right now. What is everyone's opinion on this?
I would recommend that you do your own DD and come to a conclusion on your own accord. I personally am not going to sell because based on my information I believe this to be a good investment opportunity for me; however, you have to decide if it is a good investment for you.
I would never tell anyone to buy/sell! If anything I say is ever perceived in that manner it is an incorrect assumption.
In regards to help - I would recommend reading the available PRs, researching posts made by Kgem, PHROZT, Dolphin and many others. The 2010 Annual Report was just released on 15 April and has some valid information in it as well.
You are correct- you cannot predict the future and looking at the past activities of the company/IR/etc is certainly one aspect of DD.
I believe we both have the same feeling about this stock; however, there may be some misunderstanding. I'm not supporting this group/stock, I will support Textraw as a product because I believe in its usefulness.
I do not need to pump this stock to get a return. I will say that it is my opinion that this is a daytraders/shorters stock. This is why I seriously question Textraw's decision to merge with SKGO. This part I do not understand but to each their own.
If I've been disrespectful towards any person I will say that was not my intent.
You didn't really miss anything but you did get caught up in the misinformation that was believed by many on the board. The following are facts coming from PRs/MMTE:
1) Should have info regarding 31000 acres by end of 1st quarter. We received the 'imminently' PR.
2) MMTE had to file annual by end of 1st quarter, received extension and it was turned in 15 April according to the extension.
Nothing else has been a fact coming from MMTE group.
I agree junebug - between a side business and wanting to move my family so I am not out of town through the week it would be very helpful to have this be another L*XG
You are probably correct - I believe you will see something similar to Wednesday evening/Thursday.
Miami G is absolutely correct - you need to look at the stock, the IR, the company management, etc. Also, just because a company did well in the past does not mean they will do well in the future. All companies are different!