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.
MMRF down 12% on the GREAT News!
I agree.
The cash burn continues!
Yes Bob Lorsch is really going to run afoul of insider trading laws and tell you a day in advance that there is real news coming tomorrow.
Pretend you are the defendents.
MMRF has no money and they are suing everyone.
You have three choices:
1. Go to court and fight
2. Settle
3. Stall and wait for your ill funded foe to run out of money while chasing Walgreens and others.
What do you do?
<sarcasm> Wow this is such exciting news, the news we have all been waiting for </sarcasm>
MMRF gave up its leverage in the case and if they can't come to an agreement in oh 3 or 4 months we can start all over again.
Next month they will be paying the guy who delivers coffee and donuts to the office with shares of MMRF
Not at a 10% rate (loss) everyday for a week.
Usually there is news to drive that velocity.
Ok it went from 0.12 to 0.0465 in less than a week (6 trading days)
so yes it wasn't a 60% fall in hours it was GREATER than 60% fall in 6 trading days.......on NO NEWS
I think you will see by the history of my posts that I have been fair and balanced since day one.
When the stock rages to 12 cents and then crashes in a few hours by 60+% on NO news. Then something is fishy.
So excuse me for being skeptical.
I had XXX,XXX shares of MMRF at 0.0251 and happy to say I did make a nice profit.
Did not get out at the top of the ummm surge, but I did fine.
I am back in for a lot less and have a planned exit strategy.
Or free trips on the company dime to Hawaii and Australia.
yes so everybody who MMRF owed money to, got $660k (value at 0.028 cents) and today could have sold it all for about $2.3 million.
Yeah wooo hooo someone else got free shares.
Let me clarify my comment, their Bio-assets have proven value.
Their patents related to EMR/Web based portals currently have NO value. Many patents have no value because no one uses them or has classified them as being valid.
So since I am taking the position that they currently have zero value there is not much I need to do to prove they are worthless.
However you, if you wish to convince me, must show me data in the form of revenue they have generated or a valuation from an independent source that MMRF did not pay for that they do have value.
Otherwise, today, this minute they have no value and to MMRF they are actually a liability on their books.
I would love to eat crow in the future and be wrong, but today I am 100% correct.
SHOCKING!!!
:)
In my opinion you are incorrect.
How could that patent portfolio be worth X billion?
A bar of gold is worth about $1600 because someone is willing to pay that much for it.
So far no one is willing to pay anything for a license to use the MMR patents, so they are by definition worthless. When people start to settle and the revenue starts flowing, we can talk again.
MMRs relationship with the people who did the valuation is very much in question and the fact that someone paid a penny stock pumper $5000 right around the time the stock went to 12 cents.
I smell fish everywhere.
Bottom line, if the next 10Q is the same as the last 2, this stock is DONE!
Yes yes let's dilute the shares more, its great for A&M!!
huh what?
Perhaps I went to far in this post. My apologies.
How the hell did I miss this??
The key word in your message is "potential"
I am looking for the word "performance"
The PPS is not based on any performance by the company
Do you believe the uptick in the stock was due to the performance of the company or something else?
If you believe the uptick was based on performance please share your data.
The last two filings I saw indicate that there is still no revenue, burn rate is unchanged, debt hole deepens.
What caused the stock to go from 0.02 to 0.125 and then back crashing down again?
I disagree,
Let me clarify.
This is a company that is burning millions a quarter, pay their vendors with stock, hasn't had a positive Q forever.
This is a PUBLICLY Traded company, a company that I own stock in.
this guy has a fiduciary responsibility to be working on this company FULL TIME 12-18 hours a day. Until he shows a profit.
Yet I see time wasted on other things, TV appearances, book promotions, etc.
he has a fiduciary responsibility to his shareholders to perform, and if he wants to step down and take his millions and benefit the world like Bill Gates did, he is welcome to do so, but while he is at the helm of a publicly traded company that I own stock in, he better tow the frickin line.
Promoting his porn star wives book, promoting Pets issues, promoting freeafidi.com, TV appearances, seriously.
Name another CEO of a pre-revenue company that does this?
Bottomline, Bob got rich from phone cards and now is trying to rub elbows all around.
He has a company to run that I OWN STOCK IN, so I get to complain.
QUOTE:
Bob Lorsch ?@BobLorschTweets 10 May
From The New York Post
Hollywood War Presidential Ticket with Bob & Ben Affleck Kira would make a great first lady
Bob Lorsch ?@BobLorschTweets 27 Apr
Go to http://www.freeafridi.com & click on the green We The People box to vote To those who did not vote we need your support.
Bob Lorsch ?@BobLorschTweets 24 Apr
Rep. Dana Rohrabacher sends Message MMRF CEO Bob Lorsch & @kirareedtweets Vows 2 Obama &, Congress to FreeAfridi
Bob Lorsch ?@BobLorschTweets 1 Apr
Watch me on Fox News’ AmericaNewsroom with Bill Hemmer and Martha MacCallum 6:30am PT/ 9:30am ET April 2nd updates on http://freeafridi.com
Bob Lorsch ?@BobLorschTweets 24 Feb
MMR CEO on Fox & Friends discussing Healthcare in Washington, The plight of Dr. Afridi and MMRGlobal.
Bob Lorsch ?@BobLorschTweets 1 Feb
Watch Kira on The CBS Morning Show sement Pets To Love and featuring book "Score" available on Amazon in Pets2Love
Bob Lorsch ?@BobLorschTweets 4 Jan
Kira thinks Bob Lorsch is the greatest salesperson on the planet. Lets see how good I really am. Kira now on Kindle!
http://www.amazon.com/Score-Girl-Your-Dreams-ebook/dp/B00AWW2L08 …
From the lock the gate after the horse has run away department:
MMRGlobal to Provide Free MyEsafeDepositBox and Personal Health Record Accounts to Anyone That Has Been or Could Be Affected by Tornadoes
Agree!
I don't know how the man spends every hour of the day but from an outsiders perspective, I'd like to see less tweets about his non MMRF activities.
CEOs usually spend time on "causes" like animal rights, people wrongfully jailed in foreign countries when they are at the helm of a successful company and have time and money to burn.
If I were on the BofD of this company the words "fiduciary responsibility" would be heard from my mouth.
Unless you are talking about MMRF business stay off the TV, off the Radio, Off facebook. Since when is the MMRF Facebook page a venue for the plight of Shakil Afridi?
Let's get back to business shall we?
You have misread the article.
There are 19 patients at Cheyenne Regional Medical Center using Mychart.
There are hundreds of Epic clients with MyChart,
Just in the state of Texas there are thousands of patients using MyChart.
The Company projects sales to increase in future quarters from HIT license agreements and MMRPro sales from the existing VisiInc contracts. Shipment of approximately $600,000 in VISI MMRPro systems had been delayed due to additional integration requirements requested by Burkhart Dental and Synnex specifically to back-up data from an MMRPro system to a Seagate NAS box. Requirements also included building seamless integration of MMRPro with Dentrix, the software used by the dentists in the Burkhart channel. The Company also expects to receive additional biotech milestone payments of up to $12.65 million, pursuant to one existing non-exclusive license agreement. To date, the Company has already received $850,000 in biotech milestone payments.
**********************
So the systems are delayed, that $600k would have been a nice win for the first quarter.
The milestone payment of "UP TO" $12.65 million? Want to make shareholders confident, instead of saying UP TO, say between X and Y, with X being the minimum payment due by MM/DD/YYYY
At the risk of repeating myself, next quarter is make or break for this stock. If the next 10Q is like this one......RUN!
In my opinion of course!!
For once I agree with Damn Yankee, this 10Q is P.U.
And DY, I got your private message and I cant reply, My answer is no I am not using MMR because I bought an EMR that has a patient portal included.
Frankly $30k in stock (which will be worth $20k tomorrow) would not be enough for me to hang around
Retention bonuses for staff.
Hang around one more year and get paid.
Until tomorrow when its going to drop like a stone.....
Please explain how this is a nice 10Q?
Still losing $1.5m a quarter, no settlements, no agreements, Wholefoods represents like 15% of their income at $12,000??!?!
The income from the sale of the ring would have been 10 times their quarterly revenue!
Another loser, cut and dry.
Are you expecting to hear about signed infringement settlements tomorrow? why?
Sadly I agree 100%
So when is the 10-Q?
Really you think so?
I found it self serving and distracting.
I predict (as i have for month) this quarterly report will be just as bad as the last.
The following quarter will be the make or break.
IMO of course. I could be wrong.
I am in for another XXX,XXX shares at the open.
Just for giggles!
Just about tripled my money and set that aside.
Still have some shares in the game and will reload shares as soon as the time is right.
Just as I said. They are still talking