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You kidding me? Name me a DOZEN pinks which all used the same font and same layout.
Even pinks in OTC QB all file their Q2 with different font, format, and some even have lime green color highlight everywhere.
It seems like MMTE gave GR white(their new advisor) 365M C1 share but it can't not be in the market until a year later, also.
In Dec, MMTE paid their debt by giving 962M common A. (page 12) Are those shares in the float or restricted common A (O/S?)
Any shares Overcash give out can't not be in market until a year later. (page 11 of Q2)
That is a sign of relief for us.
MMTE's Q2 just released. www.otcmarkets.com for the info
Bright side... a lot of buying today. Unlike two previous Friday PR where it was 50/50 between buy/sell.
I kept my words. 2 weeks of being positive. :)
I have no clue but I am not guessing.I am just waiting on Q2 now.
Thanks. Good luck to us all.
I am still inexperience but I have never seen this many buy at ask and NITE just sitting there and won't let it loose.
Normally, on other pennies, it would have went up about 100% already. Worst partt, those pennies has similar share structure.
Thanks. Been following some of your picks since July last year on google... HTDS. So far, I haven't got burn.
TY Toucan and HDOGTX.
Lucky, I listen to you guys and got in QSGIQ instead of waiting around for the "The Q-Team" I spend $5K here instead of over there. Keep up with the DD. Thx
waiting for Q2 and Attorney Letter.
I don't care for these PRs anymore. Today PR is a slap to my face and everyone. Fluffy PR on Monday (Momo day) and decent PR Friday afternoon.
I was ok with Friday ah PR until this morning waking up to crap PR AGAIN. MMTE give good PR and kill it the very next Monday/tuesday with fluff PR.
Is this a damn game to them???
$14Million land divided by 3.8Billion O/S = $0.004. $14Million land divided by 4Billion O/S = $0.0035. Get it through your head.
Also, Lieberman already increased O/S by 1.3Billion. Now 200M... Next 500M???
Lets see... O/S went up 200M. $14M land was suppose to give MMTE PPS a boost to $0.004(rough number base on P4L). WIth extra 200M, that would be $0.0035. It's not much but next thing another 200M added and PPS will eventually be stuck at 10s. R/S would be needed or MMTE manage to obtain $1))M.
Q2 better look very clean...
95% buy at ask yet MMTE is not moving up. There is a mini reminder PR too.
If i start seeing 5M sell again, then I am heading straight to the bar. Going to be a long week. haha
MMTE is buying the lithium land from a private lithium company. MMTE got an analyst to see if the 500+ acre they are acquiring actually has lithium. The result came back with about 650ppm which is a good result. Lithium avg about 500ppm to 750ppm for company such as SQM.
Now to answer your question, I would think the company MMTE is buying 49% stake will advise/introduce MMTE to potential or current customers.
Odd. Worked for me. Here is the article
The Nail In Wallstreets Coffin
As the Obama administration helps our largest banks tread water in an ocean they themselves created, a tidal wave has been spotted just over the horizon.
A new, stock clearing house will open in the U.S. in March that will right many of the wrongs perpetrated by the market makers, brokers, and hedge funds conducting business on the NASDAQ and OTC markets. The NASDAQ OMX has been approved to start the clearing of stocks next month. Currently, 92% of all stocks in the U.S. markets are cleared by the DTC, which is an arm of the Federal Reserve.
The problem for the market makers, brokers, and hedge funds, is all of their NSS (naked short selling) will have to be covered when companies jump to the No Nonsense NASDAQ OMX from the DTC, that for years looked the other way when this practice occurred.
A naked short sell is perpetrated when a buy order is placed by an individual for a stock and a market maker pulls those stocks out of thin air and puts the imaginary stocks into the individuals broker account. This practice has bankrupted countless marginal companies in the last 8 years. Many, if not most market makers are owned by the large banks and brokers on Wall street.
This practice of naked short selling artificially deluded the outstanding shares, making each share worth less causing a death spiral. At this point the brokers and hedge funds sell short, betting that the stock would further decline, which was a no brainer of course.
Almost all of these affected companies did not survive, at least in their original form. However, the companies that did survive this savage market manipulation will soon leave the DTC and join the new clearing house of the NASDAQ OMX. I know of one CEO that spent over 750K of his own money to save his shell OTC company from this type of manipulation and will most likely have a very healthy profit for his troubles.
When this transpires in March, ALL OF THOSE AIR SHARES MUST BE COVERED by the brokers or market makers AND all those hedge fund short sells MUST BE COVERED AS WELL.
This will put the nail in the coffin of dozens of hedge funds, markets makers, and brokers throughout the U.S. The chickens are finally coming home to roost and they've grown to the size of an Emu.
Got this from another board.
http://www.phonienews.com/12316/the-nail-in-wallstreets-coffin/
Less MM soon. :)
Yep, I have too much on hand to be negative. Just got to be optimistic. Will buy more depending on Q2 and further news.
Base on info gathered, a year ago MMTE was not that great and OVercash was crappy and you still hang on. So, you have seen it all and now MMTE is heading for better ground and you don't like it.
Why not sell your share then? You make no sense for claiming to be in MMTE for so long yet you are not believing the company. Obviously, MMTE is not a pump and dump company and you are not a flipper. Therefore, sit back and relax.
I do not brag about being in a company for so long just to tell everyone I don't trust the company I invested in.
What mistake is that? Real company do not pump and dump? Personally, I'm used to this now and I see how Lieberman is doing it. I rather he shakes off people that only bought MMTE for a quick gain.
He could easily pump this on Monday at 9am ET but he does not even though MMTE took a hit each time he release Friday PR. At least, you could predict when news comes out now. :)
I was just suppose to be in MMTE for 2 months but I end up here for 5months now. My avg is 6.7 now. I could easily sold and move on but I likes how MMTE is doing their business.
Yep, the moment MMTE sign the contract, lithium is ready to be shipped. Remember.. 51% = owning the company while 49% = investing. Therefore, Salt De (sp?) will do most of the work for MMTE.
We are definitely looking good now. I'm just glad I ride through the storm and didn't drop MMTE but instead bought more. :)
They only needed $14Million since they are buying only 49%. They will have $16million in reserve for other project.
Also, the PPS should go up since the company value and potential value will be much higher than now eg. An office space in New York City. Now they will have an office space in NYC and a property in Chile which is worth at least $14million. Also, lithium going for $6000 a tonnes. Some rough number ranging the land at 300ft depth would have around 8tonnes to 14tonnes. Average lithium output per year for most company such as SQM is around 10tonnes to 20tonnes, I think.
However, don't hold your breathe. :)
And still not afraid of releasing PR AH Friday. He must know something we don't. I guess, MMTE is in it for real. No dump/pump here. Shaking out all the flipper before real news come out is my guess.
That was what we came up with base on MMTE acquiring 49% of the 1008 acre. That equal to $14M. $14M would equal to $0.0045. Now that MMTE is looking to get institution investors(my guess) to get $30M. PPS would be around $0.01 or so base on current share structure.
$1 would require MMTE to bring in around $500M due to its share structure or MMTE would have to buy back share or reverse stock split.
Right now $0.005 to $0.05 would be where MMTE would get to if it sign the contract and shows some revenue around $15Million +++
Soft PR. $30M is the goal. That would be $0.01 pps if they could manage to do that.
Hopefully, Q2 Monday.
NEWS!!!
Mammoth Energy Group Signs Financial Advisory Agreement With GR WHITE Capital Ltd of Canada
NEW YORK, NY, Aug 13, 2010 (MARKETWIRE via COMTEX) -- Mammoth Energy Group Inc. (PINKSHEETS: MMTE) announced today it has signed an advisory agreement with GR WHITE Capital Ltd. of Toronto, Ontario Canada to advise on the raising of up to $30 million for its lithium projects in Chile.
GR WHITE Capital Ltd. is led by Mr. Grant White, the former head of investment banking at Blackmont Capital in Toronto, Ontario Canada. GR WHITE Capital Ltd. is an advisory services company with a primary focus on natural resource companies worldwide including mining. At Blackmont, Mr. White was head of investment banking where his department was involved in over $1 billion of natural resource and mining transactions.
Mammoth Energy Group Inc. has signed a Letter of Intent to acquire forty-nine percent (49%) of the outstanding stake of Salt Gold Inter Chile Limitada's concessions in the Salar de Maricunga located in the Atacama Desert near Copiapo, Chile.
Salt Gold Inter Chile Limitada lithium concessions consist of 1008 acres in the Salar de Maricunga. Preliminary results of drilling and chemical analysis from its project under development has returned results and confirmed the presence of lithium -- potassium brine bearing aquifers. Brine Concentrations averaged grades of 650 ppm (parts per million) for lithium and 9500 ppm for potassium. These results confirm a significant third dimension to surface brines sampled on the project. The brine chemistry in the first test wells compares favorably to other Lithium companies in the region including the large multi-national Lithium producers whose estimates in the Atacama and throughout the region average 500 to 750 ppm Lithium and 9000-10000 ppm for potassium. Depths at the Salar de Maricunga average 100 Meters or 300 feet and currently acres are valued around $30,000 USD.
"We are very pleased to be moving forward with Mr. White, his team is top notch and with his extensive track record, Mammoth Energy Group is moving in the right direction," said William Lieberman, President of Mammoth Energy Group.
About Mammoth Energy Group Inc. (PINKSHEETS: MMTE) www.mammothenergygroup.com
Mammoth Energy Group Inc is focused on acquiring, developing and operating strategic mining energy reserves in locations throughout the world. With an ever changing shift to alternative energy and fuels Mammoth Energy Group will be prepared to be a leading energy supplier and operator. Mammoth Energy's goal is to become an important partner as the world's energy paradigm begins to change throughout the next decade and beyond.
Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
Contact:
Mr. S. Ahshrup
Phone: (212) 613-5453
Email: info@mammothenergygroup.com
Web: www.mammothenergygroup.com
Really??? Wow, that is good news then. Signed contract for 500acres of lithium! That would definitely end many doubter.
Next weeks signed contract PR? crossfinger.
I checked when it dip to 5s earlier. So, MACD dipped. Probably went back up. I am not need a PC to check the chart. Cellphone can't handle java to get chart. :(
Doubt you are reading the wrong chart.
Just reading the chart that is all since AMA post it. Might as well comment on it. haha.. I know solid news is coming. I added roughly 5.8M this week.
As predicted, Tuesday/wednesday MMTE wents up. MACD missed the cross upward base on today chart. It started to hook downward instead of up. Sigh.
Moight be slow or sideway for the rest of the weekHope I am wrong.
There...100k. If this close at 6s... fishy!!!
What is going on here? Back to back day with a big buying order. Hopefully, today it won't die.
The clock is ticking on MMTE to release Q2 by Aug. 15 or lose PS current status. Q2 by Friday? This Friday we might get PR. :)
I only added in 1.18M this morning. Trying to keep the buying pressure on after few of those big blocks.
Hope we have few more ask slapping. GL all. Will check back before closing bell to see if there is momo and I will join in to keep it going. Hopefully, I get at least a 3g signal, where I'm going, for phone to trade.
This stock is Caveat Emptor on otcmarkets.com. It might have a bounce (standard pumping) but it probably won't get out of triple 0s unless ENTI gets their act together and shows it's a legit company. Most people interested in ENTI already taking a huge loss to get back in or still holding on to. While new investors won't touch this since the chart and everything look very ugly.
Good Luck. From my experience Caveat Emptor stocks, stay that way and the pump might be over for ENTI.
Yep, good thing it's mainly buy so far :) Few more and we might get to see 7s/8s