No, I hate losers and I told you I LOVE THE COMPANY, I want the ceo to fix what he broke. You have been here and in the market for a long time and you know as well as i do this sum beach is broken down and in need of a major tune-up. Even with revenues coming in and progress being made each day it will be months before they are realized. There is a bigger problem at hand here and we the shareholders are getting the blunt of it while the people at the top still curl all up snug as a bug in rug at night with champaign and caviar dreams.

I have time on my hands and I can wait, its an investment after all. just fix it !

Go back to the cash burn post--Duchess is the crutch to pay RHL and BOB(one in the same) in case we burn to much cash- They are Bob's safety net, he gets cash to pay the bills (fund the company) they get shares and we get DILUTION.


I go back to what my good friend EZ just said

It's time for Bob to WALK the TALK ---- and, for the stock price to say the most.

BESIDES THIS --ALL ELSE ON THIS BOARD IS WHITE NOISE

It's time for Bob to WALK the TALK ---- and, for the stock price to say the most.


THATS ALL ANY OF US WANT!!

I want to tell you this in a way you will more understand it--

A Few Good Men
written by Aaron Sorkin

BOB: You want answers?

SHAREHOLDERS): I think I'm entitled to them.

BOB: You want answers?

SHAREHOLDERS: I want the truth!

BOB: You can't handle the truth! Son, we live in a world that has walls. And those walls have to be guarded by men with guns. Who's gonna do it? You? You, Lt. Weinberg? I have a greater responsibility than you can possibly fathom. You weep for Santiago and you curse the Marines. You have that luxury. You have the luxury of not knowing what I know: that Santiago's death, while tragic, probably saved lives. And my existence, while grotesque and incomprehensible to you, saves lives...You don't want the truth. Because deep down, in places you don't talk about at parties, you want me on that wall. You need me on that wall.
We use words like honor, code, loyalty...we use these words as the backbone to a life spent defending something. You use 'em as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the very freedom I provide, then questions the manner in which I provide it! I'd rather you just said thank you and went on your way. Otherwise, I suggest you pick up a weapon and stand a post. Either way, I don't give a damn what you think you're entitled to!

SHAREHOLDERS: Did you order the code red?

BOB: (quietly) I did the job you sent me to do.

SHAREHOLDERS: Did you order the code red?

BOB: You're goddamn right I did!!

EZ -Its not about the company - MMRF is doing great things but from an investment standpoint they have failed us miserably. Meanwhile they are getting phat paychecks and millions of shares fly around for all. This dilutes our shares (yours and mine) shares that the street currently values at .07 PIECES. I dont discredit that Bob and the team are doing everything they can and are working around the clock to build this business into money making machine. But in the meantime the STOCK IS BROKEN and someone needs to fix it-THAT YOU CAN NOT DENY--SEMPER FI

DID THE WORD """"""PAYCUT""""""" EVER COME TO MIND?????????????????????

You mean this isnt worth $25,000 a month?

DID THE WORD """"""PAYCUT""""""" EVER COME TO MIND?????????????????????

ITEM 1A. RISK FACTORS

Risks Related to Our Business

It is anticipated that we will continue to incur losses and negative cash flow from operations for the foreseeable future and may not be able to continue as a going concern.

We are still a company with a limited operating history although we have generated minimal revenue. While our new business includes personal health care record and storage products that are currently available, we are nevertheless still at an early stage in developing a business model that will enable us to generate significant revenue from the use of our products. Prior to the Merger, MMR financed its operations primarily through private placements of MMR capital stock and from secured loans from The RHL Group, Inc., a wholly-owned affiliate of MMR's founder and Chief Executive Officer, and our current Chairman, President and Chief Executive Officer, Robert H. Lorsch. Although we expect to continue to receive financing from The RHL Group, we have also continued to incur losses from operations and need additional sources of financing to fund our operations until we develop a profitable business. Even with additional funds from The RHL Group, there is no assurance that we will be able to generate sufficient revenue and working capital to fund our operations and create a sustainable going concern. As a result, it is expected that we will continue to incur operating losses for the foreseeable future.

If we fail to obtain additional financing, we will be unable to fund our operations.

We expect that the cash used in our operations will increase for the next several years. As of December 31, 2009, the Company's current liabilities exceeded its current assets by $7.2 million. Furthermore, during the year ended December 31, 2009, the Company incurred losses of $10.3 million. At the current level of borrowing, the Company requires cash of $275,000 per year to service its debt. Furthermore, not including debt service, in order to continue operating its business, the Company uses an average of $225,000 cash per month, or $2.7 million per year. In addition to the above cash burn from operations, the Company will be required to obtain additional financing in order to meet the obligations for installment payments of $621,000 under the Creditor Plan and our obligations under the subordinated secured indebtedness to The RHL Group (which note payable had a balance of $1,545,767 at December 31, 2009), among other debt obligations. Such obligations are currently due and payable pursuant to the terms of the note. At this rate of cash burn, the Company's existing current assets will sustain the business for approximately 5 months.

Although we generate some cash from our operations, we will need additional financing in order to fund operations until we can become cash flow positive, which is not expected to occur in the foreseeable future. For a description and copy of the Creditor Plan see Item 7 "Management's Discussion and Analysis of Financial Condition and Results of Operations" below and Exhibit 10.5.

Other than to meet the Creditor Plan obligations, our future funding requirements will depend on many factors, including:

The pace of market adoption of current and future products;
The length of sales cycles and implementation efforts for major corporate accounts;
The launch of new products; and
The build up of a sales and service delivery organization.
If additional debt financing is raised in the future, we may be required to grant lenders a security interest in all or a portion of our assets and issue warrants to acquire our equity securities, resulting in dilution to our stockholders. In addition, any such debt financing may involve restrictive covenants, including limitations on our ability to incur additional debt, limitations on our ability to acquire or assign intellectual property rights and other operating restrictions that could adversely impact our ability to conduct our business. Further, our ability to raise funding through the sale of equity securities will be significantly limited by our existing authorized but unissued common stock. Following the Merger, we have a limited amount of available common stock and any changes to our

That information probably wont appear until the 2010 annual report comes out next month, but you be assured she isnt performing all these valuable services for free- Sharks, I mean shareholders, are good to their owners!

AND ANOTHER--

Under the terms of the Agreement, the Company, upon closing of the Agreement, paid $250,000 to David Loftus as a one-time consulting fee in the form of 2,777,778 shares of common stock. The $250,000 one-time licensee fee was recorded as a prepaid consulting fee and included in the prepaid expenses and other current assets as of December 31, 2009, less amortization of $12,500 included in operating expensed for the year ended December 31, 2009. In addition, the Company incurred a total of $62,577 and $0 during the year ended December 31, 2009 and 2008, respectively, towards marketing services and consulting services from E-Mail Frequency, LLC and David Loftus. Included in related party payables at December 31, 2009 and December 31, 2008 was $50,577 and $0, respectively, in respect to these services. Furthermore, during September and November 2009, the Company entered into 12% Convertible Promissory Notes with Mr. Loftus for a principal amount totaling $600,000 and warrants to purchase the Company's common stock. On the dates of the investments, Mr. Loftus immediately converted the 12% Convertible Promissory Notes into shares of common stock and exercised the attached warrants and received a total 13,410,962 shares of common stock.


THATS OVER 30 MILLION SHARES FLOATING OUT THERE SOMEWHERE???????

How about the millions of shares they pay unrelated third parties for their "services"

are you going to hold onto shares of some no name company as payment to put food on the table??

So they convert the prommisary note into shares-then sell those shares to a broker for cash.

Now happy joe 3rd party can buy christmas presents for the kids and mr. broker now has 16,000,000 shares to play with on the open market--YAY

this is only one example --and the more people they pay in OUR SHARES- the more dilutive the stock becomes

In January, February and March 2010, the Company entered into 12% Convertible Promissory Notes with two different unrelated third-parties and with two related parties for a principal amount totaling $1,250,175 and warrants to purchase 8,050,875 shares of the Company's commons stock. The 12% Convertible Promissory Notes mature on July 31 2010, and the Company may, at its sole discretion, extend the maturity date to December 31, 2010. The 12% Convertible Promissory Notes bear an interest of 12% per annum payable in cash or shares of common stock, or a combination of cash and shares of common stock. The decision whether to pay in cash, shares of common stock or combination of both shall be at the sole discretion of the Company. The 12% Convertible Promissory Note are convertible into shares of common stock by dividing (i) the then outstanding balance of such note by (ii) the product of eighty percent (80%) multiplied by the arithmetic average of the volume weighted average price of the common stock for the ten (10) consecutive trading days ending on the day that is three (3) trading days prior to the applicable conversion date. All parties immediately exercised the warrants and converted the 12% Convertible Promissory Notes into 16,712,304 shares of the Company's common stock.

It's 40 k a month and thats just Bob's salary- to the shareholder I leave ----------(wait for it)--------> .07 per share

Mean while back at the batcave---

Going Concern

As of December 31, 2009, the Company's current liabilities exceeded its current assets by $7.2 million. Furthermore, during the year ended December 31, 2009, the Company incurred losses of $10.3 million.

At December 31, 2009 and December 31, 2008, the Company had $487,776 and $75,779, respectively, in cash and cash equivalents. Historically, the Company issued capital stock and received funds from The RHL Group, Inc. (a significant shareholder wholly-owned by the Company's Chairman and Chief Executive Officer) to operate its business. Although, the Company received additional funding from The RHL Group pursuant to the Third Amended and Restated Note dated April 29, 2009, it nevertheless will still be required to obtain additional financing in order to meet installment payment obligations resulting from settlement payments with various creditors, which we refer to as the Creditor Plan and the previously existing obligations under the subordinated secured indebtedness to The RHL Group, which note payable had a balance of $1,545,767 at December 31, 2009.

In order for this stock to perform we need much more than what if's and maybes and when bob does this and bob does that. Do you like money? Why did you invest here? Let us all sing praises of a man who LOVES money AND is making tons of it. I want to believe that as he wipes his azz with a 100 dollar bill each night he is having sugar plum dreams of me and you driving around in our matching MMRF mercedes.

The STREET WANTS RESULTS --PERIOD!!

Its really not about how much money he makes on this deal, if the company does all the things he says it will and the performance meets or exceeds expectations , then he earned it all! Now on the other hand, great company , awesome story tons of potential but.... THE STOCK FREAKING SUCKS DONKEY A.. ! I keep saying this is nothing personal, but investors (shareholders) expect (demand) a return on their investment, just like Bob wants(expects ) to be paid for what he does. It's not that complicated!

Bob is making BIG BUCKS--the shareholders's are losing equity by the day, everyone is happy as a lark and wants to bake a pie.

Time keeps on slipping -slipping slipping -into THE FUTURE?!?!

We need money coming in!!!!

wonder what ever happened last september when they went hunting institutional funds, maybe this time will bring better luck.

I mean at .07 who wouldnt come running to buy this up(sarcasm) I agree with you on Bob taking a months salary and buying a little confidence here!!

lets see 40,000 dollars = 571,428 shares on the open market-that would make me feel confident-


ANYWAYS-GO MMRF GOOOOOOOOOOOOO

hmmmm

Here is a more extensive breakdown from the 10K--

Employment Agreements

We have entered into an employment agreement with our Chairman, President and Chief Executive Officer, Robert H. Lorsch, with an initial term ending on December 31, 2011, subject to successive automatic extension unless we or Mr. Lorsch elect not to extend. Under the terms of his agreement, Mr. Lorsch shall serve as both our President and Chief Executive Officer and President and Chief Executive Officer of our wholly-owned subsidiary, MMR. The agreement provides for a base salary of $15,000 per month, subject to an upward increase and with an annual bonus and stock option grants in such amounts, if any, as the Board of Directors may determine in its sole discretion. Mr. Lorsch receives a monthly auto allowance, reimbursement of certain life insurance proceeds, and reimbursement for certain other insurance coverage, and is entitled to participate in benefits generally made to our senior executives.

Mr. Lorsch may terminate the agreement upon 30 days written notice without reason or for good reason (as defined in the agreements) if we fail to cure acts or omissions constituting good reason within 30 days. If Mr. Lorsch's employment is terminated by us for cause or voluntarily by Mr. Lorsch without good reason, he will not be entitled to receive any severance payments or benefits under the employment agreement. If Mr. Lorsch's employment is terminated by us without cause or voluntarily by Mr. Lorsch for good reason, Mr. Lorsch will be entitled to one year of salary at his then current rate of pay, including all monthly benefits, and the pro rata portion of the annual bonus otherwise due Mr. Lorsch. Mr. Lorsch is not entitled to any severance payments or benefits under the agreement if he is terminated for cause or voluntarily resigns without good reason. In the event of his disability, Mr. Lorsch would be entitled to receive compensation equal to 40% of his base salary as then in effect. Mr. Lorsch's employment agreement includes provisions that prohibit Mr. Lorsch from disclosing our confidential information and trade secrets and competing with us during the term of his employment agreement or soliciting our employees for 12 months following termination of employment.

We also have entered into a consulting agreement with The RHL Group, Inc., which is wholly-owned by Mr. Lorsch, that provides for a monthly fee of $25,000 plus reimbursement of expenses including medical insurance.

Mr. Lorsch was granted 141,321 shares of restricted common stock on August 17, 2009 with a grant date fair value of $18,372 as compensation for a personal guarantee. Also, on January 27, 2009, The RHL Group, Inc., a California corporation wholly-owned by Mr. Lorsch, was issued 328,174 shares of restricted common stock with a grant date fair value of $5,000 as compensation for extension of a guarantee. In addition, The RHL Group, Inc. was granted 2,800,000 shares of restricted common stock on August 17, 2009 with a grant date fair value of $364,000 as payment of a loan origination fee.
On August 17, 2009, Mr. Lorsch and The RHL Group, Inc. were granted an aggregate total of 11,745,983 warrants to purchase shares of the Company's common stock at an exercise price of $0.125 per share with an aggregate total grant date fair value of $1,131,852. This amount was recorded as interest expense during the year ended December 31, 2009, as the Company granted these warrants as consideration for Mr. Lorsch guarantying monies owed to a vendor and The RHL Group, Inc.'s waiver of MMR's payment default under the Third Amended Note. On August 9, 2009, Mr. Lorsch was granted 9,000,000 stock options to purchase shares of the Company's common stock at an exercise price of $0.125 per share with an aggregate total grant date fair value of $846,478.
During the year ended December 31, 2009, other compensation includes $36,000 of auto allowance paid in 2009. During the year ended December 31, 2008, other compensation includes $283,082 of consulting fees paid to The RHL Group, Inc. For more information relating to the consulting agreement with The RHL Group, Inc., see Item 13 "Certain Relationships and Related Party Transactions, and Director Independence," $57,000 of auto allowance paid in 2008 (which includes $21,000 deferred in 2007), and approximately $40,000 of insurance premiums for 2008, including finance charges on the financing of the premium payments, on The RHL Group, Inc.'s Directors' & Officers' insurance policy, which supplements coverage under MMR's Directors' & Officers' policy.

WHERE DO I SIGN UP -THIS OBVIOUSLY PAYS WAY MORE THAN BEING A SHAREHOLDER

Compensation for 2009 for Bob Lorsch per the 10k
Salary $175,000.00
Bonus $0.00
Restricted stock awards $387,372.00
All other compensation $36,000.00
Option awards $ $1,978,330.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $2,576,702.00

20 hours a day x 5 days a week = 100 hours

100 hours x 52 weeks = 5200 hours

2,576,702 dollars of compensation divided by 5200 hours of work equals 495 dollars an hour

$495 DOLLARS AN HOUR--

The only thing that needs a slap is the ASK

I met him and his crew at himms-I also have nothing to hide Mike. I'm a shareholder of this company ,have been for a long time and own a considerable amount of shares. many I bought at the same price we sit at today. The bottom line is, i made an investment, and i want a return. Not excuses or shark stories or bad days at the mill, being a CEO of a company comes with great responsibilty, nobody made him go public and after 2 years I dont think its unreasonable to expect a little price appreciation. Remember one thing Mike-this is about the stock, nothing more or less!!

When you take a company public -there are many sacrifices involved and the last thing you want to do is start insulting shareholders--JMHO

Reality is- that although im a huge fan of this company -I like you and many other SHAREHOLDERS invested in the business model for a return on our investment. In other words we are here to make money, with this stock price acting like a flopping flounder its no wonder the sharks are biting?!?!?

shareholder



Definition
One who owns shares of stock in a corporation or mutual fund. For corporations, along with the ownership comes a right to declared dividends and the right to vote on certain company matters, including the board of directors. also called stockholder.


Read more: http://www.investorwords.com/4527/shareholder.html#ixzz1CvbpuzP6

I do like the recent upside and increase of communication, that alone can provide some much needed motivation around here!

COME ON ADNY!!

WHY ARE THERE SO MANY SHARKS IN THE WATER?

Because they are hungry!

Sharks are shareholders!

Meanwhile, for every unrelated reason imaginable, I am bombarded by many who are out of touch with reality, spending time averse to Obama and MMR’s efforts. I guess these days many people do not seem to have anything better to do. They spend their days attacking and retreating from behind keyboards and aliases, with no facts to support their position, continuing to nibble like sharks on any effort that can help make our free enterprise system great. I wish them all a giant case of food poisoning.

Those people have invested their hard earned dollars as shareholders and have the right to something called freedom of speech. A burden that a PUBLIC company must deal with, no matter how annoying!

I wish them all a giant case of food poisoning.

Although that might make a believer of one to start a PHR, It's not what you might want to wish on a shareholder!

MMRF has a fiscal responsibilty to the shareholder whether they like it or not, not all of us are going to love everything you do as a company and especially as a STOCK.

Many here are not self made millionares and made an investment that they hoped would provide a decent return. In terms of STOCK PERFORMANCE-MMRF has failed its INVESTORS/SHAREHOLDERS -AKA_-SHARKS!

Band aids dont heal wounds-time does!

The simple fact is that MMRF NEEDS TO PERFORM-END OF STORY --PERIOD -NO EXCUSES -

So for now management will have to endure the SHARK BITES FROM THE HUNGRY SHAREHOLDERS --JMHO

The new CFA

http://www.linkedin.com/pub/shannon-w-mcadams-cfa/6/716/55

8k



Appointment of Chief Financial Officer

Effective January 1, 2011, Adino Energy Corporation (“Adino” or the “Company”) appointed Shannon W. McAdams, CFA, age 40, to serve as its Chief Financial Officer. The Company is paying Mr. McAdams an annual salary of $150,000.00. From April through December 2010, Mr. McAdams was retained by Adino as a consultant to assist the Company in developing its Exploration and Production business, arrange debt financing, and negotiate with vendors. The Company paid Mr. McAdams $170,500 in cash and common stock for these services.

From April 2007 through February 2010, Mr. McAdams was Director at Galway Group, LP, an energy advisory firm specializing in natural gas and renewables. While there, his work focused on financial advisory services and commodity research. From 2005 through 2006, Mr. McAdams was the Director of Origination at Technology Tree Group, Inc., where he was involved in all stages of commercialization of emerging technology companies.

A copy of the Company’s press release regarding Mr. McAdams’s appointment is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

She's getting a tune-up and I'm suspecting she will purr like never before!

NEWS

Adino Energy Corporation Names Chief Financial Officer



Today : Thursday 3 February 2011


Adino Energy Corporation (OTCBB: ADNY) today announced it has named Mr. Shannon W. McAdams, CFA as the company's Chief Financial Officer reflecting Adino Energy's new focus on oil and gas exploration and production.
Timothy G. Byrd, Sr., Adino Energy's Chief Executive Officer, commented, "Mr. McAdams brings a depth of transactional and capital markets expertise that will be critical as we transition our businesses and enter a rapid growth phase. I personally recruited Shannon for the CFO position and I am very pleased that he has agreed to join the Adino team."

A long time advisor to the Company, Mr. McAdams brings 14 years of investment banking and principal investor experience. His background includes energy industry transactional and financial advisory work, transaction negotiation and structuring, due diligence and strategic & commercial advice. Prior to joining Adino Energy, Mr. McAdams was a Director at Galway Group where he advised clients on E&P, mid-stream and petroleum distribution transactions as well as LNG and geothermal projects. Previously, he was with JPMorgan Chase & Co where he worked in investment banking and later as a buy-side equity analyst. Mr. McAdams is a former U.S. Army Officer and a Chartered Financial Analyst (CFA). He earned his M.B.A. (with honors) from Tulane University, with concentrations in Finance and Entrepreneurship, and a B.S. in Interdisciplinary Finance from the University of Alabama where he was a Distinguished Military Graduate.

"As we continue drilling and enhancing our West Texas oil field prospects, including the drilling and development of the Leonard lease, Shannon will focus on Adino's transactional initiatives, corporate finance and capital raising activities. He will be a key link to the investment community, ensuring that investors recognize and understand the value that we are creating for shareholders," Byrd concluded.

Chairman Sonny Wooley, a thirty-year veteran of the oil & gas industry, commented, "The Board of Directors and management team appreciate the excellent work that Shannon has done for us as we acquired and integrated our exploration and production assets. We look forward to his continued contributions and leadership."

About Adino Energy Corporation, Inc.

Nice post , only two things really stand out to me though. Two years or more and good feelings, neither of the two are going to create wealth. We the shareholders NEED AND DESERVE more for our continuing loyalty to an almost failing stock, note I said STOCK!

Not a lot of happy shareholders here,we all talk about the great things MMRF is accomplishing. All the wonderful things that are in the pipeline, as well as the neverending potential in the pipeline. The bottomline is that right NOW, the STOCK is BROKE! It's time for management to fix the leaky pipe and make the tenants (shareholders) happy about the rent they are paying. I love this company and the story thats being told , but new money is not coming to the table. I could write the greatest book in the history of books, but if no one reads it what do i really have? A lot of hot air has been blowing around here, time to untie the balloon and let her fly! I could continue on all day, bottomline is we all need to kick out the crutches and see if she can really stand on Her own. JMHO

A TRIP TO CHANNELVIEW, I HEAR THERE IS A GOOD LITTLE CHINESE EATERY THERE.

I said this when

it's going to .11, or she'll make .50 by Dec any more balh, blah, blah?

blah blah blah been there done that

lol, but i bet with some buying pressure this sucker flies, bring on the news!

I agree, we paid the hooker now its time for her to put out!

I sold a few last ear for tax purposes, but have held a nice size position since . My biggest question (to my self) is , is it time to buy? If they can pull this off and obtain the reselling licenses to boot this thing could explode, I'm looking forward to an update very soon!

We know you read the board Bob, and we all want to make some money and see MMRF live up to it's full potential. Seems the survey says dump Duchess! I personally haven't bought a share since they came on board. Although i don't see the need to announce this everyday, I think there are many skeptical buyers on the sidelines watching a very stagnant share price and wondering where it's going. Yes, many here know it's going, I remember attending himms 09 and seeing the excitement and now know 2011 comes in with 10 times the vigor!

Let's make this a year to remember, I believe the shareholders are speaking, the question is, are you listening?

how funny after all this time, now when you would least expect it we are possibly going to be oil tycoons lol!! I wonder if they are still pursuit of the resell license as well , could end up being that last years estimates become this years--lets hope!

I like this!!!!!!!!

Mr. Lagani--

I believe you were brought here for something very special, now make it happen sir!


He is currently a member of a special committee formed by the Office of the Director of National Intelligence to develop better ways for the intelligence committee to communicate with financial institutions. Mr. Lagani holds degrees from New York University and Vanderbilt University School of Law and practiced law for several years prior to joining Chartis.

just what the doctor ordered

I personally havent bought any stock in months, the point is you just cant resist having to burst someones bubble on a good day, so the stock is at 9 cents big woopin deal. it may never see 10 cents and it could be 10 dollars, thats the whole thrill of finding a story stock on the pennies and watching/dreaming. If there was ever one that had a chance , this is in the top %! Why do people spend billions every year in the lottery,we all want to be a part of the next big thing. you do too or you wouldnt be here. I'm simply saying sometimes your much more likeable when you dont say a word. JMHO--I "THINK"

The operative word being "think" --its just peoples thoughts and everyone here is excited to see things happening in a positive way. so i "THINK" you should take your dark gloomy cloud somewhere else--JMHO