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.
have you inquired into the stock increase? get a response? I've only sent one email to the company and that was last year on an unrelated matter. I never received a response.
I think communicating directly with the company is a good thing, it let's them know we are watching.
for the record: I am not bashing the company. I own long shares and I am currently down 39.57%. My interest is in company accountability and improving communication to shareholders. Accountability increases progress and helps keep the focus on moving forward. I call it like I see it and if I don't like what I see everyone's going to hear about it. If anyone questions my motives come to Knoxville, TN and I'll be more than happy to show you my portfolio. Let's keep this company moving forward in the right direction.
I understand the need for strong solid testing and I'm 100 percent behind that.
I'm really not interested in what other companies do or have done because it has no bearing on MMMW.
I'M using your sentence as an example:I think it will be very soon that sales and updates will occurs
you think this and you think that just like I think this and I think that. MMMW wants to potentially cut our share value in half and I think this and I think that is the best research available for me to base my voting decision on.
I will be emailing MMMW to let them know that without more information and better updates I'm inclined to vote No more shares. I would encourage you and others to appeal directly to MMMW and ask them for more open and honest communication with shareholders. We own this company, start acting like it.
This is about accountability. MMMW has burned through 7.5 million dollars and doesn't appear to have a product that's ready to bring to Market. All we get as shareholders are forward looking statements that have yet to pan out.
MMMW wants us to authorize 66 million more shares which has the potential to cut the value of our shares in half. I don't think asking for more timely accurate progress reports is asking too much.
I own a small private business. I am updating people on progress just about every day. Granted being public changes the rules but from what I have seen its not that difficult. You guys like talking about Tesla on here. Musk is heavily involved in 3 large companies. He still finds time to update, sends tweets and basically communicates.
My message to MMMW would be: If you want 66 million more shares level with us and let us know exactly where this company and the STS stand. Update us on what's going on and show us a plan explaining what you are going to do with the new shares to improve the company.
That's kind of what I was thinking. As mentioned by another poster regarding toxic debt. I know that stock options that typically go along with that debt can have horrible outcomes on company stock, but I don't think that's an issue here either because that type of financing has been avoided and I don't think MMMW would take that path.
As far as the near term outlook for MMMW, I think we will be stuck in neutral until real sales are announced. Hopefully that happens before the stock increase because I think that's going to depress the stock price even further without something positive to go along with it. Without sales and additional shares authorized I see us missing the days when this was a 1¢ stock.
Hopefully sales come through soon. Any sales are pure hopeful speculation at this point.
sounds like strong competition, but at the same time the more they are accepted as common components the more commonplace they become and that could be a good thing.
That is the question.
Do you ave any thoughts on shorting this (or any) one cent stock? It's been brought up a few times but to me it seems like a waste of time and risk for such a small return.
Any thoughts or insights?
Just not ours :(
MMMW shorting
OK, so current price is at .0101 (according to Tradeking)
If you shorted the stock down to 0 you gain .0101
But if the stock is 0 I think they are bankrupt so at best you gain one cent per share before whatever fees you are charged.
One recorded sale from MMMW would kill anyone who shorted(IMO). I cant see taking the risk for one cent profit - fees.
I think, again my opinion, that any fears of any substantial MMMW shorting are unfounded. I'm not saying it's not possible just seems to me the risk is high and any reward would be laughable.
Absolutely true of people in general. I asked a little about shorts earlier but got no answer. So I'll ask a slightly different question. Maybe someone can help me understand this a little bit better.
Mmmw Avg daily volume 175,000
General price swing I have seen -.009 to . 013
It seems that the most you would make is the difference of .004
It seems with the very low volume MMMW has, it doesn't seem like a short is going to make much money here and would be more likely to short more profitable higher volume stocks.
I have only bought MMMW and once put in a sell order just to see what Trade King seller fees for OTC and it's considerably higher than exchange stocks. I just don't understand how someone's going to make decent money shorting this one. Someone please enlighten me.
I know I am critical and ask questions and bring up issues that some of you don't like but I've invested money in this company and I want to know what my money is doing. I would hope that you all want to know what your money is doing as well.
A little MMMW history
This article is older and focuses on wind which from what I've read is DOA. To be fair MMMW is going in another direction now so I wouldn't judge by past wind failures. What I found interesting is that it seems communicating and updating shareholders and interested parties has been a long-term problem with Ricker.
http://m.wbjournal.com/article/20120109/PRINTEDITION/301099985/hoping-for-a-gust-of-success--founder-hopes-it-has-turned-the-corner-but-15-year-old-worcester-wind-power-firm-has-struggled
In April 2009, Mass Megawatts announced it had sold a $1.1 million wind power project to a company called Electric City Wind Power Corp. Over the following months, it announced that Electric City, working under a license from Mass Megawatts, had signed contracts with local investors to sell them $16.6 million worth of Mass Megawatts technology that would be used to generate power in various parts of Pennsylvania............. Goes on to say "We have never been given a working model (of the technology) from Mass Megawatts," Powell said. "Never shown a working model … We were led to believe there was not only a working model but in a short time period we could erect real production."
I would agree with that. A few sales would also increase the stock price. I think a better stock price would also raise more working capital if/when shares are increased in August.
Thoughts? Opinions? Anyone.....
I'll be the first to admit that I don't know a lot about shorts but MMMW seems to bounce around .009 & .013. That's like 4/10ths of a cent. After fees and such would it really be worth it? What would someone make on $0.004 after fees and taxes? Any thoughts, Just curious.
What I do know is that MMMW isn't doing much to support the stock price. Seems like everything solar is taking off and we are stuck in neutral. MMMW has great potential if mgmt can capitalize on it. Their inability to keep stockholders informed doesn't build confidence.
I don't think we can break through .014 seeing how no progress in any areas are being reported by MMMW. Also the stock dilution coming up isn't helping either. With no sales or actual contracts I don't see anything good happening with the stock price in the near future.
I sent an email last year, no response. Stockholders need updates. All of us, not just me.
I fully understand that delays happen. My point is that it's been 7 months and not so much as an update to shareholders. My beef with the company is that no one knows what is going on and that leads to speculation that nothing is going on.
Per YouTube company video posted to official Facebook page on 10/2014, their next project was on a neighboring business roof shown in the video documenting the working prototype.
That was over 7 months ago. I have heard no updates on this project. Has anyone else? This wasn't an announcement in a forward looking statement it was given as factual information in the company video. I bought shares based on this information.... and then silence.
It's actually 5.6% less than $45k @ $.013. If I wanted to I could have a larger interest in the company than the CEO by the end of the week. His stock interest in the company is actually very small.
My point is that someone with not very deep pockets could easily take control of this company.
Solarman, I asked you a direct question about your repeatedly reported time frame. You didn't answer me. You did however extend your time frame out to 6 months. Which still doesn't answer my question but leads me to believe that you are just making stuff up.
Clarification to your post. Management consists of just Ricker according to annual meeting filing. He holds less than $45k in company stock so your claim that management holds a significant share of company stock is incorrect.
You seem to have great confidence in this company but lack basic knowledge of the company. I'm not trying to offend you. Just calling is as I see it.
Solarman, please explain why you keep posting "If the new solar tracker sales are completed in the next month or two"
What is your source that leads you to the idea that projects will be competed in the next month or two. I really would love to hear that this is based on something credible.
97% installed after incentives. Where does that leave MMMW and everyone else if it's not extended after next year? This train might have left the station without us if it isn't extended (knock on wood).
If MMMW announces vague Crowdfunding ideas, surely they would announce an actual sale. They have not. This makes their profitability announcement look suspect. What kind of management would announce profitability without even securing the first sale? This make me question management. I'm sorry if that hurts people feelings on this board. I want to see this company succeed but that doesn't mean I don't have questions and reservations.
I hope so.
Solarman this is over a year old if I'm not mistaken. This information is mentioning 2013 all over the place. Some solar incentives end next year and it looks like MMMW might miss that boat.
They announced nothing concrete. This is not a for sure thing. It's not announcing a sale or contract.
As far as referencing GE, I'm sure people would be asking questions if they announced in 2014 that they don't plan to increase shares and then turned around and asked shareholders to approve doubling shares the next year.
MMMW also announced plans for profitability again(not the first time according to an earlier post), but no actual sales have been recorded. I would think that if MMMW recorded it's first sale they would cheerfully have announced it.
Due Diligence involves research and asking questions. Someone on here mentioned sales being a few months away. Is that factual or wishful thinking?
IMO we aren't being well informed by mgmt. This is about investing, not gambling. Two main reasons I see for the lack of information are poor management and no good news to report. Neither builds confidence when they want to dilute our shares which they said they weren't going to do. We need to hear from MMMW either way.
We have our money behind this idea. Shouldn't be too much to ask to be well informed.
Do you guys have any information about actual sales? I would like to increase my holdings but I'm waiting on real info, not forward looking statements. You mention sales in a few months. Is that documented anywhere or just speculation at this point?
None of these silly tenths of a cent have anything to do with what this company is or isn't doing. I like seeing green numbers too but shouldn't we be more concerned with what's happening in Mass?
This mass bids thing was over a year ago. I haven't seen any updates, have you?
Who is "independent investments group"? It's not capitalized so it doesn't look like a real name of anything. So I ask again who is independent investments group???? I'm not trying to down the stock or the company but nothing ever seems to materialize from MMMW vague announcements.
Anyone heard anything official from RMTN regarding the MMMW solar project?
Any word from MMMW since announcing stock increase? Details regarding developments, LOI or these Croudfunding proposals?
A couple points covering a couple posts:
Shorts aren't always making money when longs are losing money. I Don't think people are questioning product development. I am questioning the legitimacy or accuracy of MMMW announcements. Things don't add up. P.S. I'm long on the stock and I'm pretty sure anyone long is losing money at this point.
Are they really going to be commercially available in a month or two? Is that confirmed? For the record, I don't short. I question things that seem questionable.
That's my concern. Nothing actually seems to be materializing here....... Ever.
...... But have you heard anything about that initial installation last year? Even if it was just a prototype display model done for free..... Why have we heard nothing of it since then? Disclosure surely would be better than wild speculation IMO
potential development and sale by Cirque to Cat Cay....... I don't like the word potential here
Great articles showing the progress being made in the industry. Meanwhile at MMMW investors can't get straight answers about any projects, even the small installation that supposedly was completed on a neighboring business last year. I like the idea behind MMMW but am starting to feel that these share increases are just income for the CEO. Just Frustrated by the lack of anything more than forward looking statements containing nothing more than speculation.
Should add a sticky for Facebook group
Facebook search turned up no results.
I'd like to see some accountability first because a blank does us no good. That's all I'm saying.