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It would be very clear that if any positive
news or develpment from mmtc, they
would super rush to release in the form
of a p.r at 6 am
any additional sec required report unlikely
to have any positive info except more grim
auditors opinion and how many more
outstanding shrs been issued in total.
Yikes !
Biggest volume since the pinky but
it is going down.
Maybe some will get their wish granted
at 0.005
Feb 300,000 sales is about correct as
real data is posted on yahoo under
cool update.
So zumba continues to be strong...
Yes, I think this co just beginning and
I do believe that their whole year eps
is already too low given the pipeline
coming forth.
Especially, nintendo 3ds should be
much bigger than zumba and cool is
right at the starting with this huge
wave coming this month in USA.
Nintendo ds was launched in 2004 and
sold over 120 mil so far.
2010, company announced production
start with goal of 25 units to be sold.
CEO also stated some order was on
the books as per communication with
one of this board member.
of course, none happened.
2011, company announced 40 units
to sell hopefully.
In two weeks, 1st qtr will end and have
we honestly seen any sign or evidence
or hint what so ever even selling
few units ??
company continues to announce goal or
plan for production start and sales but
none of the details how so ?
Certainly, big capital will be needed to
finance the production unless osis
decides to throw on the house for about
half a million bucks.
If you saw past two trading sessions,
some profit taking did not last at all but
came back up where we are at $2.66
I think stock is still cheap and nintendo
3DS coming in two weeks which is
already shaping up to huge hit, this
thing has still good room to go.
any dip is basically buying opportunity.
their current eps 0.20 to 0.25 I believe
again very conservative !!
Anyidea how many zumba units sold
as it was 6th best seller in feb ?
Tks
Another happy trading day in death
valley called "mmtc". !!
Janey, why doesn't the moderator send
all these links to the company instead
of posting here for what ?
Nothing ever will change the pps to
move from here and at least keep
the company being updated.
Volume continues to vanish and surely
you can trade for $5
Gosh, somebody really working hard !!
I got an reply back last night for same
question. I think you will get the same
saying p.r will be issued in time.
So much for real trades !
Dead in the water, true colors of mmtc.
Looking forward to next week ? Yikes !
Looks like volume is getting smaller
day by day.
We are all bored too
Janey, you are smart enough to know
nothing who ever posts on this little
board to move the pps either up or down.
This is just chatting board and it will never
affect the price unless direct news from
the co.
But lack of mkt maker is feeling pretty
strong for sure.
Janey, boy without mkt maket, this
thing is just dead.
I can't imagine after couple more
weeks.
Mmtc really need to come up with new
plan to get money because what ever
they cooked up last year is meaningless
I understand what you mean
Yes, I guess actc better issue some
compelling news so people will just
hold on to it.
Anyone care to comment why is there
continous selling on actc ?
Looks like lack of volume is happening
fast. 0.005 will be tested soon enough
Well, I don't think chart really apply in
this case.
We really are talking about pink stock
with going concern stapmed by auditor.
So, only thing to hope for is company to
announce some sales.
only market exist now is shareholders
and any reason to buy more now ?
Nice photo !!
Do you see today volume ? Wait till
days ahead.
So many countless links posted
so called "DD", why can't one silly
unit be sold to any customer who
can save money ??
Yes, I know. I thought the same thing soon
as it became pinky.
if this continues without any substantial
news, any dumping could just cause
free fall.
At least, we have a buyer at 0.001
Well, other people might think it drop
off from magic tree.
if they get at least some orders going,
things can turn around 100% but
they could not sell all these time.
I mean, does the industry really need
their device ??
Janey, from my various communications
with the company, they would need
1.8 mil to fully push their plan including
production and mkting for the next 18
month or so.
I asked about 5 mil Dutchess deal but
this thing is not working as they had
thought because of extremely low
pps and lack of volume.
So, they really have to come up with
alternative financing plan.
secondly, you had e.mail like 4 month
ago for some sales lead from the co.
and this thing is more disturbing to
be honest with you.
they should have sold one by now
and once you start to book some
products, financing get much easier
as bank or factor company always
want to see hardcopy orders.
when you have no orders at all, then
everything becomes" big if" no matter
how you make the presention of the
product, it really does not matter.
Dutchess deal, 5 million equity line,
anyone can go ahead and ask the company
how good it is working.
No one is stopping and anyone free to
do.
the amt of money from this deal monthly
cannot even cover office expense.
But you don't say how ?
It is mucho mula in case you have not
noticed.
Since your reply is so elegant, I take it
my points are conveyed.
Thank you for that
Tks and looking forward to reading the
article
Setting the story straight .... 40 units are
goal set out by mmtc this year.
Accg to company previous communication,
they need to place bulk order of units
to build inventory which only make sense
because you cannot just place few units
to Osis to run a production line for mmtc
device.
This is where the funding question comes
from not to run daily office expense but
for those bulk order of inventory to Osis.
business 101.... if any one of you are
the osis, When would you purchase all
materials for 40 units of this device to
start the production immediately ?
let's say you rcvd order from mmtc for
40 units as an example and would you
just go ahead spend all that money
because you rcvd merely purchase
order ?
we are not talking about few thousand
dollars.
I am very interested to hear any opinions
on this easy question.
also, I have communicated with mmtc
before just like some of you have and
you would be shocked to know how much
they get a month from that 5 mil deal.
Go ahead and ask yourself !!!
Those are just some R & D costs sharing
in which the factory usually does with a
client but each unit cost is still substantial
knowing that mmtc will be selling just
under 30G.
as far as that 5 mil financing deal,
since the pps nose dived in spite of
the pumping, company is having
very tough time to raise substantial
amt of money.
next round news should be orders and
contracts ? Great but are we seeing
single hint of evidence from the co
that may be the case ?
factory this case is osis and you
place 40 units of order into main
production, factory will not produce unless
you pay the whole amt or open letter of
credit.
If you were osis, would you buy all
materials for 40 units when you are paid
few units which is still a lot money for
this company ?
I am just asking basic question here and
not to raise hell.
Janey, I admit that I got carried away sometimes
but my general posts are situation already
created outside this board.
i am just questioning based on common
sense in real world why it takes few yrs for
mmtc to sell unit only costs under 30G
to so many customers if the device actually
helps within the industry.
from my experience, even with all the
song & dance with any particular buyer
and their usual procedure, it can not
take this long.
furthermore, for mmtc to start main
production, I heard that they need to
pay lum sum amt to osis which is the
killer.
Where & how will they ever find that
kind of money without single hardcopy
order ?
I promise you when this hits 0.002,
all the pumping will be done because
no one will be left on.
Yes, I know but company can still hint
in a way without going over the line.
you said you expect orders and other
member also said next round of news
should be contracts and orders.
How do you guys expect such good
news ?
My big question is..... How will they
pay to Osis some 600,000 mula to
start the main volume production ??
I mean there isn't single ounce of hint
to suggest that the company is equipped
to handle it.
Let's really be honest here as just a
shareholder.
Why can't the company update more
information as to what they are upto
if the device finally ready for volume
production ?
Device itself maybe ready but how
will they purchase bulk units of them
at least 40 units maybe around $600,000
What is the issue ? I raised reasonable
question as to today's another fluff p.r
and yet, you cannot help yourself
pumping every second.
good news this is, why then pps is dead
like a frozen fish ?
After all these years, still toying with
one device and more tests Done in their
own lab ? What is up with that ?
last p.r states perfectly produced one
device by osis and then tests were not
done before manufacturing ??
Now, ready for volume production ?
Why does this sound so familiar just
like last year Big Headline mkt wire ?
Good luck unloading shrs without market
maker and make sure those are in hundreds
or bid will just collapse.
oh I forgot, you all are waiting for 0.001
to load up big time for some magical
upward movement. Wow !!