"Life isn't about waiting for the sun to shine, life is about learning how to dance in the rain." - Anon
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Take 5 minutes and check out MMRF, strong fundamentals and a beaten up stock price could see a turnaround very soon. JMHO
Was just watching WLS (CHANNEL 7) a major network channel here in chicago and saw my first MMRF commercial!
Very cool that it was on prime time tv on a saturday and a very popular station.
If we can realioze all the potential we have, this company and its stock could be a true winner.
However there is lots of work to be done on both sides of the fence.
Its very important to build up the share price of MMRF and bring instrumental funds into the business model.
Although the nihelient deal was better than financing through duchess, it was still unacceptable in my opinion. Imagine how much more the company could have saved by paying that debt at .20 a share versus .06.
The reality is that if we are not fixing whats broke(the stock of MMRF) then building the company isnt going to help.
I know some say build the company and the stock will follow, but on the otc , the two are complete and seperate entitys. JMHO
On May 6, 2011 the Company granted 13,152,183 shares of common stock to our technology partner for a reduction to accounts payable previously reported in the Company's financial statements and relating to development services in the amount of $789,131 as described in Item 8.01 below. The disclosure set forth in Item 8.01 below is hereby incorporated by reference
Your so nieve, the stock is broke and is being diluted more by the day!
Well done and thank you for taking time out of your personal life to inform this board of the current happening's at the home camp. Unless you have been there, it's very hard to appreciate the work being done and the quality of the people performing it. I also appreciate that you too could feel and see Ron's sincerity and passion for what he does. Although the company has gotten off to more bad (rough) starts than good, I believe they have done an excellent job of keeping their eye on the "floating" ball. Thanks again for taking your money and time to report to those of us that couldnt be there.
Thats where your DEAD wrong, share price is everything !
without an increase in shareprice, we never attract new investors, we can never advance to a better exchange , we cant be looked at by mutual funds or other institutional investors. Yes, on the OTC, SHARE PRICE IS everything!!!!!!
If the shareprice stays where its at , WE WILL DIE! That is a fact!!
Call me eccentric, I was also well aware of what you were attempting to say. But ... I can assure you there is nothing wrong with my mental state. Lets just agree to disagree and for all our sakes , pray that Bob starts making us some F-in money
Whats wrong with Illinois
We can ask the question in this form,...as you state,
More generally, and I think this is the point intended to be answered by your question, - What is the strategy going forward to generate growth in shareholder value?
The bottom line , whether I say "give back" (and yes-I personally have given much) or you saying create "shareholder value" isn't really relevant.
Its about where we have been, where we want to be and where the hell is Ron taking us.
I personally have invested my time (2 trips to houston @ my expense) along with countless posts on this board as an unpaid advocate for the company and my purchase of a significant amount of shares in DPDW "the company".
So for me, it is more a sense of "giving back" rather than value.
But for the sake of argument we can ask the question in a more presentable way as to not offend anyone.
Ron is the kind of guy you would hand a beer too, and say so what the hell is going on here?
He is filled with passion about what he does and has an extensive knowledge in the field.
I dont doubt for one second , that his dream is and always was to create "shareholder value". The chips just never seemed to land in the right place at the right time for DPDW.
I know he has many ideas for the future, including those on the IT side. Perhaps now that the economy is beginning to rebound and oil is once again becoming a hot topic, more of those dreams will become a reality.
The subsea industry IMHO has yet to see its day, I believe we are poised to experience a big part of that, will it lead us to be that billion dollar company that was once spoken about? Will we finally realize what so many of us expected for so long,or are we sitting at what is are true value?
What ever happens in this game, I do feel as though I want to be "given back" what was taken from us, in an unforeseeable chain of events in time.
So "my" question remains, what are you Ron, going to do, to give back ( what has been lost due to an unfortunate chain of events in the industry) to once again create a company ( that withstood those times) that will continue to flourish, strengthen and most of all create value for its shareholders?
I'm not saying it's a bad investment, just saying the stock is broke!
was referring to Tulaz post anyways-- perhaps someday things will change , but for now its broke and so are WE!
Tulaz1
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Saturday, April 09, 2011 10:22:00 AM
Re: brwtrpilot post# 29352 Post # of 29360
Nice find....
I did listen to the C/C. I usually listen to it 3-4 times and also write a summary of it. I feel as though it may be pointless because many would rather be negative on the company than look at any of the positive.
FOR THE LAST TIME, NOBODY IS BEING NEGATIVE ON THE COMPANY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IT'S THE STOCK -THE STOCK IS A BROKEN PIECE OF CRAP AND NO MATTER HOW GOOD THE COMPANY IS ----
THE STOCK IS BROKE
THE STOCK IS BROKE
THE STOCK IS BROKE
THE STOCK IS BROKE
THE STOCK IS BROKE
Question-
What are your intentions as the CEO of deep down, to begin giving back to all the loyal shareholders that have stuck by your side throughout the years.
It's BEEN A VERY LONG ROAD, but I really like the upside potential and better communication and am hoping for a positive trend to flourish
He knows who I am
He never asked me , even after i put myself out on the line.
But I may attend anyways.
I bought one too!
We ALL have baggage, just because someone doesn't see eye to eye with your exact viewpoints , doesn't make them the enemy.
Lets do lunch Bob
Also, we will soon be announcing an integration of our products and services on the HealthVault platform. In fact MMR is planning on participating at the Microsoft Health Conference April 27, 2011 in Chicago. There we will be selling MMRGlobal as a PHR solution to HealthVault strategic partners. We will also continue our series of investor roadshows in Chicago.
and......... every fence has TWO SIDES
we have a very long fence here
So you think because of the fact that you are a shareholder, ( dripping sarcasm font) that it gives you a right to voice anything other than enthusiasm! UGH , THE NERVE of you - GO MMRF GO
You (not you) cant handle the truth!!
with all this excitement, one can hardly contain themselves.
To the king of marketing,
Any break with the norm is exciting. Home runs are exciting. Not every batter up hits one every time. If they did, home runs would be boring. Do something unusual, not entirely for the sake of the breaking from convention but strategically to generate excitement while moving shareholders in your direction.
Just about everybody loves excitement. When TV shows are critiqued either by professionals or by average viewers, a word that comes up regularly is exciting. It often appears in reviews that say: "The show is simply not exciting." When enough viewers have that opinion, a show is cancelled. When an ad is not exciting or is downright plain vanilla, it's wasting the advertiser's money. Speaking of vanilla, take a cue from ice-cream vendor advertising. A Mt. Washington Black Cherry/Pineapple double-dip cone usually is a lot more compelling to ice-cream fans than a bowl of vanilla. Yup, dessert freaks will line up for those double-dip cones often for as much as $3.
When consciously designing for excitement, the mental lift should be from substance as well as surprise. Remember, an ad's excitement element is not primarily used to sell but to attract. Avoid insanely colorful, coarsely designed ads, direct mailers, postcards, brochures and broadsides that do get a reader's attention for a split second but are followed by a reeling feeling similar to the nausea experienced after eating unrefrigerated, day-old, raw oysters.
Your ad must capture the reader's interest. The first rule of advertising is to get attention. After capturing the reader's attention, there must be something more. But, the reader will never get to the something more unless the advertising successfully completes stage one. A single glance at a truly good ad, an exciting ad, is enough to draw the reader into the body of the message. When this is accomplished, advertising pays its way.
Excitement, the dictionary says, is capable of stirring to action, arousing strong feelings and increasing energy. Few ads contain much if any of this highly motivational component. If you were to do nothing else to improve your advertising this year, increasing the excitement level would be the best thing you could do to enjoy better results. That's "results" spelled "response."
ONE BEFORE TWENTY TWO
In regards to number 22
The OPERATIVE WORD IS "IF"
and IF Bob is exercising options at .125 to bring cash into the business versus having duchess on the ask (MIKE2005 WORDS NOT MINE)
Then the word IF, brings on new meaning.
Everyone here wants to cram 50 dreams into a one inch pipe, and some are then trying to smoke it as well.
The fastest way to bring 22 to light is to start producing revenues, because
without........................................................ RULE NUMBER ONE - NUMBER 22 WILL NEVER EXIST!!!!!!!!!
ONE BEFORE TWENTY TWO
I am especially fond of these---and am hopeful for number 22, but am adamant about number ONE
1. "Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1."
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."
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."
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."
43. "Focus on your customers and lead your people as though their lives depend on your success."
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."
Read closely--
jdsgungho
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Thursday, March 17, 2011 8:47:03 PM
Re: MIKE2OO5 post# 28448 Post # of 28483
So why does the company need 65,000 dollars is the 50,000 dollar question?
I will also add (edit)
I would rather Bob had the shares in his pocket rather than duchess
-----------------------------------------------------------------
To this whole board-
First off I am not threeflight, secondly,I COULD CARE LESS IF Bob Exercises every option he has from now until the end of time.
But it costs money every time you file any form or press release, so my point is, why are you spending company money to file a form 4 everyday for 20,000 shares.
To me this is irresponsible spending of monies that could be used for something more meaningful.
Also, exercising these options in no way affects the shareprice of this stock.
It is NOT a part of the open market, so paying double to exercise these shares is not accomplishing any type of shareholder value.
Big deal, Bob owns more shares. At this point he doesnt need to own anymore.
Also you say he is bring money in to the company.
I asked before, WHY DO WE NEED MONEY ?
Bottomline is this, Start selling the freaking MMR PRO, if we are so desperate for cash that the ceo has to exercise out of money options to keep the lights on we have bigger problems .
Also , I dont need to have any phone conversations to HELP ME feel better.
I have spent many -many -many hours upon hours of due diligence and know more about this company and industry than the majority of you combined.
When you take a company public you have to be ACCOUNTABLE TO THE SHAREHOLDERS.
Shareholders are generally happy people(when they make money)
WHEN SHAREHOLDERS DONT MAKE MONEY- you get a lot of restless, unhappy campers.
SO.......... there are TWO THINGS THAT MATTER
SHAREHOLDERS!!!!!!!!!! AND MONEY!!!!!!!!!!
WHY IS SO HARD TO GRASP????
Try taking some cash out of Bobs hand and see what happens.
Ask a friend to borrow 20 bucks and dont pay him back for a couple weeks.
borrow from a bank and stop making payments.
call mobster joe and take a loan but forget to pay him back!!
When it comes to MONEY people start getting UGLY!
YOUR NOT MAKING ME MONEY BOB!!!!!!!!
SO unless you plan on writing me a check , I HAVE NOTHING TO TALK TO YOU ABOUT (IN RESPONSE TO TULAZ)
I will however stop posting on the board -so that the people with rose colored glasses dont get their feelings hurt, but sometimes REALITY HURTS. jmho
This has nothing to do with the open market prices.
It is financially irresponsible on Bob's part to keep spending money on a new form 4's everyday.
So why does the company need 65,000 dollars is the 50,000 dollar question?
I will also add (edit)
I would rather Bob had the shares in his pocket rather than duchess
Your both wrong, its 120,000 shares -two of the form 4's are amended for typographical errors.
SO thats 8 total- 2 amended, six actual form 4's at 20,000 each
6 x 20000 = 120,000 shares converted from options
options that were not set to expire until 2019, options which strike price is double the current shareprice .
Which means 240,000 shares could have been bought at market soaking up that much more of the float.
Instead, by converting options to commons, now you have added more shares to the float , which has actually DILUTED the share price and has realized no gain to the SHAREHOLDER
I say boo to the whole deal! JMHO
Maybe a little bobbie told him , I mean birdie. Still good news nonetheless
So 120,000 options converted @ .125 = 15,000 dollars
8 filings @ 75 dollars a crack= 600 dollars
Shareprice= .06
PRICE.........LESS
what exactly is this accomplishing?
Everytime one of these is filed it costs money,if his intention is to exercise x number of options to commons then just do it and be done with it.
Forms 3, 4, 5 (flat rate charge, no rush charges) ........................................... 75.00
Forms 3, 4, 5 filed online at www.edgarfilingagent.com 35.00
What about the confidentiality and security of my information?
MyMedicalRecords.com's primary concern is the security and confidentiality of subscriber information, which is why the Company employs state-of-the-art security and encryption technology to protect subscriber data. The voice and fax technology that underlies MyMedicalRecords.com was built and is hosted by the same company that handles transactions for many of the nation's major financial institutions and Fortune 1000 companies including American Express, First Data Corporation, Wells Fargo, Sprint, Discover, General Motors and Union Pacific. Our customers, therefore, benefit from the same technology infrastructure and security systems used by these organizations, that far surpass home filing cabinets and computers. Some of the features of MyMedicalRecords.com's website are outlined below:
MyMedicalRecords.com requires that all communications received into the website be via facsimile or file upload only. Users and their designees can fax in their documents over plain old telephone service (POTS) without the risks of transmitting data over the Internet. Users must log in to the Company's password-secured site to upload documents, which are stored and accessed in an encrypted format. Unlike most web sites, MyMedicalRecords.com does not allow users to transfer documents in and out of the account over public Internet channels, such as via e-mail. The Company's servers are housed in separate data centers, more than 100 miles apart.In addition to user level passwords and data encryption, data access is protected through multiple levels of network security to prevent unauthorized access and to help protect the privacy and integrity of customer data. We use state-of-the-art firewalls which permit or deny connections based on packet filtering, application proxying, and pre-existing sessions. Furthermore, MyMedicalRecords.com's hosting platform maintains total, synchronized redundancy at all levels. All documents faxed into and stored in the MyMedicalRecords.com system are encrypted when accessed and they are displayed in unalterable PDF images. In the case of non-PDF documents that are uploaded, the files remain in their native application (MS Word, Excel, PowerPoint, etc.). Each user's mailbox is secured by a unique User ID and Password combination. The password is easily changed online by the user at anytime. MyMedicalRecords.com employees do not have access to any information placed into the system by our customers. We do not know what is in the records saved; we do not analyze the data; and we do not sell or plan to sell this information to anyone. Our Customer Care Representatives do not have access to any User passwords. While MyMedicalRecords.com is not subject to the strict guidelines of the Health Insurance Portability and Accountability Act (HIPAA), we voluntarily follow these guidelines, and our management team includes an attorney that specializes in HIPAA.
OK-LAST POST -i WILL JUST WATCH THE PRICE CLIMB AS I KEEP MY MOUTH SHUT-RAH RAH
BOB IS RIGHT AND I AM WRONG RAH RAH
He can exercise options at .125 all day long and it doesnt change the shareprice of the otcbb. It also doesnt mean that d isnt selling or anyone else for that matter.
It doesnt affect the open market at all.
As far as revenue, its not. It will bring some cash into the business , but how fast do you think they will burn through 15,000 dollars in exercised options.
I have no doubt that he will eventually get his money back from the difference of .06 and the .125 exercise price .
But if you think this is going to fix some problem , your way off base.
Bad move on his part if he told you this is replacing revenue sources and covering bills.
To you and mike,
Even if he is hypothetically buying shares to boost morale or confidence or any other reason, it doesnt mean crap if it isnt done on the open market.
It would mean alot more if he just smacked the ask for 100,000 shares, besides that , there is much more to this than morale.
You really think he is gonna tell me the truth?
Just speculating, but my guess is that if those shares remain options, they arent in an essence owned by anyone. Now that these options have been exercised they become destroyed and turn into common shares.
This is why you see the deriatives in red on the bottom.
So why the need to all of sudden exercise a bunch of options at a strike price above the current share price, other than to increase ownership.
My guess is that they are possibly getting ready to utilize some of the duchess funding and these shares are either being bought to provide to duchess or to increase Bobs overall controlling interest in the company.
No matter the scenario, Bob would have to own more shares than duchess or they could possibly do a take over.
Now of course this is total speculation, but no matter what is going on it makes no sense and I highly doubt he would tell me why its being done.
I just am convinced there is a bigger plan involved here and like I said i hope its one that involves our best interest.
ALL JMHO
I have been searching quite a bit on this topic and havent found a definitive answer yet, besides something to do with taxes and offsetting losses. But I would really like an explanation of the explanation.
I am convinced there is more to the reduction in related party than we know and I'm guessing the price paid was by the company.
It makes no sense to exercise these options when the strike price is above the share price, so why is it being done?
The expiration date on all of these has been 2019.
There is some underlying strategy here, whatever it is i hope it proves beneficial to MMRF as a whole, in the meantime I will continue researching this.
Like I said previously, an open market buy would be much more meaningful, all the while shareholders are second guessing their investments .
Time to man up Bob and let us know what your intentions are{JMHO}
Explanation of Responses:
1. Exercise price paid as a reduction in related party payable.
2. Option granted by the Board of Directors on August 6, 2009 pursuant to employment agreement dated January 27, 2009. Of the shares subject to the option, an initial 3,000,000 were vested immediately as of January 27, 2009; 3,000,000 additional shares vested on January 27, 2010; and 3,000,000 additional shares vested on January 27, 2011.
good luck, at this point i will continue to bide my time as I still see potential here and a sale of stock now will only result in a loss. So either way I have nothing to lose, I wont be buying any more stock until I see some type of results though.
I agree and have said the same thing, we wont see improvements until 2nd qtr