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October 2014 prototype complete (see website or YouTube to verify)
This is a one axis system advertised as being "lower cost" and "simpler design" per their company website products page.
If all this is true, why can't you get a mechanical engineer to sort through whatever issues remain that are preventing this from going into production ? It's been over 7 months and this just needs to turn left and right. A semi-competent engineer should be able to work through this in less than 7 months. Maybe the answer is to hire someone else.
again, just my humble opinion
I didn't send any messages. My only correspondence is through this MB. I can't send or reply to messages as I am not a paid member.
I just shared a link from MMMW where they say it's still in the design phase. No one can dispute that. There is no way that you will have sales in a month. You should stop suggesting unrealistic expectations like this.
As far as valuations go:
TSL P/E 9.7
FSLR P/E 14.1
SPWR P/E 17.5
CSIQ P/E 24.9
SHUNF P/E 17.5
These are a few examples in the solar industry. 17 is in line with the stock market and is reasonable and fair to use in calculations.
what are you talking about? I think you are getting your message boards all messed up or something. I don't know and have never said anything about anyone named Erick Norway.
I posted a link showing a response from MMMW official Facebook page stating that it's still in the design phase as of a week ago.
it would be nice to see this pass
very vague. I am sure if he's a shareholder and actually wanting to be a customer he has already reached out to MMMW and should have a better idea of availability than all of us. Can you try to get some insight from him and share it with us?
as far as valuation goes 10 mill with a p/e of 17 would be about $588k. I think that could take a year or two(just my opinion). Of course all of this requires the company to complete the design phase, and start the manufacturing and sales phase. This is still a ways off though.
I received a response:
[url][/url][tag]https://m.facebook.com/permalink.php?story_fbid=1095560030457725&id=964062443607485&comment_id=1095714390442289¬if_t=feed_comment[/tag]
They clearly state that they are streamlining the design. This means it is still in the design phase, not the production phase. This would suggest that any actual product is still a ways off.
letter?
The tracker is not even in production yet. Still in design phase. I doubt you will see anything this year. my 2cents.
agreed.
Lets start now:
News Release: MMMW to install STS solar on the moon further capitalizing on its patent pending low torque design. It's lighter overall construction weight will give it further competitive advantages due to being able to launch more trackers per Falcon9.
Installations will be subcontracted to SpaceX to avoid complications and liabilities associated with space travel. Solar energy will be stored using Tesla PowerWall batteries which will be manufactured on site in Tesla's (soon to be built)Gigafactory II.
Upon completion of this project we will start implementing wind turbines to capture solar winds. We are also in talks to power SpaceX's newly announced plan to provide internet from space.
This a forward looking statement and is about as reliable as crowdfunding, MMMWs announced solar project on the neighboring roof in the Youtube video and the non-dilutive spinoff.
PS: I don't care what you say, this is funny
I'd like to know who sold at that price. Seems kind of dumb. Could that be new shares issued at market by our fearless leader?
reality
dropped to what .007? If I was trying to depress the price I would buy here but I'm not. Got Tradeking anyways, they don't let you trade under a penny.
Once the authorized share count doubles I would imaging that this stays under a penny forever (or unless they actually complete the tracker and sell some). Any realistic thought as to how the price will react to the increase? My thought is a substantial drop.
this has nothing to do with mmmw, and you know it.
agreed but I don't think he wants to open the company books. I also think he's comfortable living off the common shares. Like an old man tinkering in his garage and collecting a check.
agreed, but equally important that all your shareholders understand what that business plan is.
I see where you are coming from but I don't see that happening. Here's how I fear it will play out. This is only my opinion but it follows a pattern.
Ricker lives off the common stock while tinkering with a product for years that an engineer could design in a year or less. When authorized shares start to dwindle he releases a few forward looking statements to boost interest and then gets shareholders to authorize more shares. Then he starts all over again. He will get the shares because without them the business goes under. The shareholder would rather have more shares than lose everything. He continues this cycle until retirement.
Look at the past, new shares every couple years, it's a cycle. Look at the forward looking statements. A non-dilutive spinoff so shareholders will get a second company for free. Who doesn't like free? There is no need for a second company it's a distraction. What good is two companies with no money? How about Crowdfunding. I don't thing you could get any more vague than he was with that announcement. You can't even fact check anything in that announcement. What most people will fail to realize is that it's part of his cycle. He was promoting the Crowdfunding for the wind business as well. We all see how that's turned out.
I don't think Ricker wants any lenders looking at MMMW because they might start asking questions. He's got a good thing going here, why would he want to mess that up.
I agree & disagree. There is nothing wrong with being an active investor. If you believe in the product but have issues with management there is nothing wrong with voicing your concerns and or advocating for changes. No one on this planet is perfect and if the company is paying people for advice surely they can hear our free advice as well.
My concerns increased when I started looking at the company a little closed after the request to double authorized shares. The deeper I look the more questions I have. I am scrutinizing everything I can find from MMMW. I am at a point where I am considering filing a complaint with the SEC over several issues. Having said that, I am not going to pretend to be any sort of an expert in the matter but I honestly feel that I have identified at least two issues with this company that should be addressed.
I would like to see this company succeed as I own stock in it but my concern first and foremost is protecting my money. I will continue to move forward and be a squeaky wheel until I am satisfied with how my money is working for me. This could mean staying in MMMW or selling out. My interest is not in changing the stock price or manipulating anything. It's strictly about protecting my investment.
from what I've read companies have to make themselves available to shareholders. Since he is the whole company that doesn't leave a lot of options.
Mmmw response:
The company is focusing on streamlining the latest STS tracker design as well as continuing to forge strategic partnerships with local businesses and individuals who are enamored with our products. There has been and will continue to be progress made on all fronts mentioned. As you all know we run a lean and efficient model that operates with much lower costs than others. This ensures longevity over short term gain. That being said we look forward to sharing more in the very near future. Thank you all for your patience.
This tells me them at the product is still in design phase and isn't even being manufactured yet. then I come on here and you guys are talking about sales within a month or two. so at that point I start digging for info, the more I dig looking to see what I've missed of these sales coming up in a month or two more questions I have.
Mass megawatts has been at this for over a decade and burned through over 7 1/2 million dollars and now they want to double the number of authorized shares . this seems like as good a time as any to start asking what this company is actually doing with the money. there is a lot of speculation but looking at the different message boards it appears that no one has any idea.
So based on your experiences you're giving me a bunch of guesses. and as far as what mass megawatts is actually doing with this money you have no actual idea. Correct?
In your opinion how many hundreds of thousands of dollars do you think mmmw should spend on somebody's site before having some sort of written contract ?
I don't like putting words in peoples mouths but it sounds to me like you are trying to stay that you have no idea where the MMMW Money is going.
I didn't ask if it bothered you. I asked if you had any information you could share reguarding the site or sites.
The money is being siphoned out of the company and there appears to be no public information disclosing details.
So the question stands. Do you know anything about this and can you share that information with us? If you can't a simple honest I don't know will suffice.
no you haven't. You go off topic discussing other companies or generic industry news. You do everything you can to avoid discussing facts about MMMW.
Maybe you can give me some insight into my last question about the money spent on site development over the past few years that is not owned by MMMW and has generated no known contracts, sales or revenue.
Help me with this if you would.
with over a million shares I hope you know a bit about the company. Maybe you can answer a question for me, and others. SEC filings state that MMMW is spending hundreds of thousands of dollars on site preparations in 2013 & 2014. Filings show no real estate holdings so can you post a link showing company information regarding this site or sites being developed. I can't find any information regarding sites and it really raises a red flag while doing my due diligence.
well, there's the first response that I predicted in my last post.
OK so a legitimate a response is a Longshot but I'll try anyways.
You said MMMW won't accept toxic debt. We both seem to agree on that. So why do you bring it up over and over again when we both know it does not pertain to mmmw?
Why? There is no toxic debt or short interest. There are a few people asking straightforward questions regarding the viability of this company. Something all investors should do. What purpose do you have for calling them bashers? Why are you accusing people of lying about being shareholders?
copied from yahoo Mass Megawatts message board: This is what these posters on here are doing. They will likely respond by offering conspiracy theories involving people being paid to lower stock prices
and shameful short sellers. This stock is barely worth a penny and really can't me meaningfully pushed lower. There is also no viable short seller interest in MMMW. What you will not see in their defense is actual company results, sales or profits.
see below from the SEC
Securities Fraud
Tips for Avoiding Stock Scams
on the Internet
One of the most common Internet frauds involves the classic "pump and dump" scheme. Here's how it works: A company's web site may feature a glowing press release about its financial health or some new product or innovation. Newsletters that purport to offer unbiased recommendations may suddenly tout the company as the latest "hot" stock. Messages in chat rooms and bulletin board postings may urge you to buy the stock quickly or to sell before the price goes down. Or you may even hear the company mentioned by a radio or TV analyst.
Unwitting investors then purchase the stock in droves, creating high demand and pumping up the price. But when the fraudsters behind the scheme sell their shares at the peak and stop hyping the stock, the price plummets, and investors lose their money.
Fraudsters frequently use this ploy with small, thinly traded companies because it's easier to manipulate a stock when there's little or no information available about the company. To steer clear of potential scams, always investigate before you invest: Less
This is my reply to another post that has nothing to do with MMMW but I'll entertain you with a response.
MMMW isn't even moving forward with wind at the present time. Look at at the information released by MMMW, no wind, so this EXPENSIVE wind comparison is an apples & oranges comparison.
MMMW could be selling off the shelf solar installations while developing the tracker but instead they are doing nothing for revenue . Just living off common shares.
You are a fool if you think this is a good business model.
If you'd like to talk about wind let's talk about the nearly $20 million in sales that MMMW didn't get paid for because they couldn't deliver a product. They had this in the bag and ended up with nothing because MMMW couldn't deliver. want to talk about this?
13 years and $7.5 million later no sales. This is the track record for MMMW. This is why you post industry articles that have nothing to do with mmmw.
No employees. Only a CEO who pays himself with share offerings.
The solar industry is phenomenal(as some of you like to show in generic industry atricles) but mmmw can't even manage to sell a fixed solar system let alone a tracking one.
How about you posters report on actual MMMW news and progress. The daily pump is getting stale.
any actual company news or you just going to keep pumping and pumping day after day week after week month after month?
Nothing you wrote is news and there is no new progress reported. Are you trying to pump & dump or just so far in the hole that you are desperate to get some money back?
if they can't prove sales before the stock dilution I would expect to see it stuck below a penny for a long long time.
yeah, I think diversified grid sources are definitely a good thing.
any insight you'd like to share that leads you to that conclusion or just pumping? I'm interested in knowing what others know. Maybe I missed something.
with any luck maybe my concerns will alleviated soon. That'd be good for all of us. If anyone does contact the company please share correspondence with the group.
I'm a small business owner. Give me $300k and I'll give you a profitable business year 1. I've done it from scratch so it's not like I'm talking out my..........
7 years vs MMMW 13 and besides, other companies are distractions. MMMW had nearly 20 million in sales lined up for wind and still couldn't deliver. Not a good track record.
MMMW has no sales, even on standard fixed installations. Not a good track record.
From MMMW Q-10:
The Company incurred a loss of $257,046 for the nine months ended January 31, 2015 and $311,660 for the nine months ended January 31, 2014. The losses are related mostly to the consulting fees and development of site locations for projects.
this is over half a million dollars over 6 quarters and resulted in no sales and nothing worthy of reporting to stockholders. Wouldn't you like to know where it went?
7.5 million dollars later, no substantial sales, no questions
MMMW CEO PAY 2012 $62,000 up 62.96%
Stock price down 36.44%
Sales: 0
I don't want to see this stock increase become just 10 years of job security for the CEO.
If the results above are worthy of a 62% pay raise then surely our stock losses are worth a little more accountability.
http://insiders.morningstar.com/trading/executive-compensation.action?t=MMMW®ion=usa&culture=en-US
MMMW has burned through $7.5 million dollars. At the current share price that would be the equivalent of over 742 million shares.
for the record if you go to Mass Megawatts.com/products you can see that MMMW is still offering wind products. In addition to that they offer commercial and residential solar. Based on website content they appear to offer standard fixed and STS systems. MMMW in the past has lined up millions of dollars in wind product sales which is great. However MMMW failed to deliver any sales. I also don't see any fixed commercial or residential sales.
MMMW has been in neutral for years and I think that myself or anyone else questioning this companies progress is more than justified. I personally don't see any reason why they aren't completing fixed installations while bringing the STS to Market. We All know that people are buying them and that incentives may end next year. Why not pay the bills with fixed installations. This can be subcontracted easily so that the primary focus remains on the STS. There is money to be made but if MMMW can't capitalize on wind or even basic solar installations it's not that much of a stretch to question whether they can capitalize on their STS as well.
hate being critical but this is real life and real money. A bit more accountability from MMMW is warranted.
my posts sure as heck aren't going to help my portfolio in the short-term but my hope is that maybe if shareholders read these they will start asking questions and start contacting the company and start asking for answers. I wouldn't be bringing any of this up if I felt that MMMW was keeping shareholders adequately informed. I want to see the company succeed and in return increase my investment. Self-serving? yes. But isn't that why we are here?