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Sure is a puzzling time. I wish SGR was around as he seemed to have a good relationship with Brennan and might be able to give us further insight as to the current events?
I didn't actually care for the way SGR left, of course it's his business, but it would have been nice to have a short explanation given how he had put so much effort into supplying us with updates, etc right up until he left. With SGR leaving the way he did, he must have known it would have created some doubts and questions amongst the people he so kindly kept informed for so long.
SGR leaving the board and Brennan stepping down within a short time of each other without much information is enough to put some butterflies in the stomach but of course the fundamentals haven't changed with the company and we are so close to having the big 3 Certs, updates on financing and hopefully an onslaught of great news.
Cheers everybody,
tcubed
Ahh, welcome back Chartman17, now if we can just get SGR back here then let the fun begin. Hope tax season was good to you. Good things expected in the very short term and I'm getting excited.
Go MMTC!
Tcubed
Hi bcl999, swim, trader vic and all,
I'm back in now at these levels as I just can't seem to stay away from having a position in this stock. Sure wish I had the same number of shares as my pre split total. Not betting the farm by any means but I may keep adding on any dips.
Cheers
T3
Adjourned Reset for Feb 21, 2012 at 11:00 ???
Got the following from a search on the web...anyone who can interpret? Is the adjournment just related to Doc 328?
Link
http://www.nysb.uscourts.gov/calendars/shl.html
10-15446-shl TerreStar Networks Inc. Ch. 11
Doc. #858 Fifth Motion to Extend Exclusivity Period for Filing a Chapter 11 Plan and Disclosure Statement / Debtors (I) Motion for Entry of an Ex Parte Bridge Order and (II) Fifth Motion for Entry of an Order, Pursuant to Section 1121(d) of the Bankruptcy Code, Extending the Exclusive Periods During Which Only the Debtors May File a Chapter 11 Plan and Solicit Acceptance Thereof
DOC. # 884 Motion to Approve Compromise Motion for Entry of an Order Pursuant to Bankruptcy Code Section 363(b) and Federal Rule of Bankruptcy Procedure 9019, Approving the Stipulation between the Debtors and Jefferies & Company, Inc. Resolving Claim Numbers 58, 59, 61-64 and 133-138
Doc. #878 Motion to Approve Compromise /Debtors Motion for Entry of an Order Pursuant to Section 363(b) of the Bankruptcy Code and Rule 9019 of the Federal Rules of Bankruptcy Procedure Approving the Stipulation Between the Debtors and Hain Capital Holdings, Ltd. Resolving Claim Numbers 102, 118 and 124/
11-10612-shl TerreStar Corporation Ch. 11
Doc. #319 Motion to Approve Compromise TSC Debtors Motion for Entry of an Order Pursuant to Bankruptcy Code Section 363(b) and Federal Rule of Bankruptcy Procedure 9019, Approving the Stipulation between the TSC Debtors and Jefferies & Company, Inc. Resolving Claim Numbers 8-14, 81, 82 and 165-171
Doc. # 328 Motion to Authorize Mohawk Capital LLC and Its Affiliates Motion for an Order Conferring Standing Upon Mohawk Capital LLC to Prosecute Certain Causes of Action on Behalf of TerreStar Corporation and Its Affiliated Debtors
Adjourned Reset for 02/21/12 at 11:00 am
Ditto,
Sorry should have mentioned the efforts of Chartman 17 and son and anyone else involved in the video along with the team at MMTC and all those who provide some great insight on the status, future and direction of MMTC.
Exciting times ahead!
T3
Thanks SGR
Great Video,
This board can be quite bipolar at times but your efforts and input are always appreciated.
T3
I only just received mine on Monday of this week so hopefully yours will come shortly.(I'm up in British Columbia) I don't think the cut off date ever changed so as long as you were a shareholder by Sept 3? (Somewhere around there) then you should be getting the material.
Cheers
T3
I understand the share price if you simply look at the current financials but how is this not the best penny stock play out there both in short and long term potential. Considering the people involved with the company, the field their in, the product they have developed and the stage of development / production they are in, this seems like an absolute no brainer.
I think many people will look back in as little as a years time and either be very happy they got in at these levels or they'll have those pains of regret knowing they could have gotten in at less than a penny per share.
Looked at and been in many penny plays over the years but this for me is without a doubt one of those opportunities that for me comes by but once or twice where the company has no business being in the same category as 99.9% of the companies trading at these levels.
The cost of admission is well worth taking at least a small position if not a significant one and seeing how this rides out!
Looking forward to 2012!
T3
I have to agree. In the case of MMTC an R/S makes sense and I have no concerns of the impact on share price. I have been involved in a few penny stocks that have been through R/S and although they weren't necessarily a surprise I knew it was just the start of a new round of dilution and a decline in share value.
When I was listening to the interview and I heard the reference to an R/S I had no concern whatsoever. I believe that MMTC is at the point in time where with or without an R/S the price is going to rise. There's just more opportunities for them with an R/S. I'm not sure of the specifics but I would rather see them do one now rather than increase the A/S.
I enjoyed the interview and it just solidified my investment in the company.
Looks like 2012 will be a great year!
Cheers
T3
I must say the short, mid and long term prospects of MMTC has me very excited. Would love to see a release on the Certs and of course more sales in the near future but for the time being thanks to all the informative posts on this board. I'm still a modest share holder of <1,000,000 shares but still think it's enough to provide me the possibility of a nice return and just maybe speed up my retirement plans.
Good luck to all of you today and of course beyond!
T3
Long post but couldn't sleep so what the heck!
Swim's been around a long time and it's easy to understand his frustration of which I partially share.
After the last split I was able to average down and accumulate a million shares while they had less that 100 million outstanding. I was very happy with this position and based on the progress reported in the news releases up to that time I thought I was in a great position to profit, hopefully substantially. I still knew this was a gamble but I thought the time was near. In my mind it had to be based on what was being reported to us.
That has proven not to be the case and that is the gamble with these pennies. However 'sleazy' it may appear to me this indeed may be a strategy absolutely required by a start up company needing cash to survive to get their revolutionary product to market. If that's the case then so be it but more in lies my investing strategy. If anyone can sit here and honestly not question all the releases from years past that have not come to fruition then they need a reality check. I can better accept that those people just believe it's a necessary evil in this game in order for the company to survive and hopefully succeed.
My latest strategy and gamble is based on my investing history with the company. I chose to get out as with this newest RS my post share count would have been pathetic in my eyes albeit in theory the share value would be relative. I'm convinced that without some substantial news on proven sales and income that I'll be able to obtain way more shares with the money I just got from selling after the inevitable post split share decline that is synonymous with penny stocks and indeed with this company. I took a substantial loss to do this but hopefully will be able to use it as a capital loss down the road. The difference of a loss and a profit to me was a matter of 10ths of a cent. With a RS that changes dramatically in that it would need to jump up to 70 cents rather than 7/10 of a cent. Big difference in a penny stock that still needs to prove much. That is my strategy and it is not without risk for me. Should it go to 10 cents post split and never look back because of substantial progress then I lose and all of you who have held will deservedly win in the way of profits for your faith in the company.
Although the information came by way of anecdote I do have an issue with the recent proclamation by management that an RS was not being discussed and then voila there's the quarterly report stating it was happening. Certainly the share volume around the time of their submission to FINRA on the RS is suspicious. Why not disclose the RS in their latest update released on Sep 22, 2011. Not very forthcoming if they were looking for respect of the common shareholder. If this is indeed some new requirement that penny stocks need to be at least 10 cents can someone please direct me to this information as I have other stocks that will be affected and have yet to see anyone commenting on those ones of a similar requirement. My issue comes from if W2 says one thing but does another then the set up of preferred shares scares the hell out of me. It's been reported that those preferred shares are set up to prevent a hostile take over and were never meant to be converted. I'm okay with that but what is to prevent them from converting them at anytime and seriously affecting the dilution of the stock drastically. Trust? I'm afraid that ship has sailed. Also why not reduce them both equally in the RS as the conversion rate they are set up for would certainly accomplish their stated goal. Not reducing them at the same ratio has a real sleazy feel to me!!
So all in all I will definitely by back in to this stock at some point as I've invested too much time and money over the years to give up. I'm just working within my own strategy which may prove smart or cause me to miss the boat. That's my gamble.
I hope for nothing but the best for all of you whichever route you take but don't be too hard on those frustrated by the history of this company which has cost them money, nor should anyone be frustrated by someone who is all in and passionate about the prospects of the company no matter what hurdles are thrown at them. We're all here to make money and there's no one route guaranteed to get you there, we all forge our owns paths based on DD and experience. I understand bashing a company or being 100% behind them based on many solid reasons and maybe some not so honorable ones but I will never have any respect for anyone who feels the need to slam other shareholders personally based on their viewpoints and wishing them ill will. These forums should be a source of entertainment for us all and not a reason to invest or get out of an investment. IHUB boards and other sites have certainly exposed me to stocks I would have never otherwise heard of but I certainly don't make my investment decisions based on peoples postings. It's just a catalyst to start some DD.
I have 2 other start up companies I've invested in, one of which predates my involvement with W2. Their businesses are polar opposites but all I can say is there is no comparison in the way management of the 2 companies have conducted themselves over the years. The one company I'm talking about doesn't even currently trade, hasn't since 2008 and won't again until at least next year but their management has been nothing but exemplary in their dealing with 'common' shareholders by way of their actions, continual updates and honesty. I wish I could say this about W2 but it just isn't so. This is an absolute wild card and high risk gamble due to a multitude of factors which sadly makes it uniquely compelling to a high risk taker and will either prove out in the end or prove us all fools.
Either way many of us have shared this tumultuous journey together and will continue to do so until the end.
For anyone who made it to the end of this message...thanks for listening.
As I've said before, the cost of admission to this game is cheap albeit with each reverse split that statement becomes less and less true. Lets hope everyone's patience and faith pays off.
All IMHO, not meant to be investing advice. Do your own DD and base your investing on that and certainly not what I have to say. Although I've dabbled in investing a long time as a hobby I'm still very much an amateur and sadly not a particularly successful investor given the time I've been doing it.
Good luck to all!
T3
After 10+ years in this stock, I officially bowed out today at a loss. Just too much bad blood with these reverse splits, the preferred stock and in reading the latest financials. I'll keep watching after the split and may look for an opportunity to get back in but that's just the masochist in me talking.
Good luck to everyone whatever the future holds!
T3
I was hoping it would never come to this again but not totally surprised either. I think it's a shame and says alot about the management team that Commons will be 1:100 while the Preferred will be 1:10. Shame on them!
I was really hoping for a spike to 1 cent and I would have been out of here at a very slight profit based on being able to average down. Now with the reverse it will no doubt follow the trend in the past as in it will go to 0.10 after the reverse then slowly dwindle down to a penny again.
I've always said this was a lottery and well it's gone just about as well as me winning the 6/49...not!
Oh well, I've got another penny stock that mirrors this one with the exception of having a trusted management team. Near the same current O/S stock so my experiment is to see what they do in the near future. I have alot more faith in them.
I still wish everyone good luck with this who remain investors and there will always be hope as there seems to be some actual product based on AZRISE but I must say my trust factor is at Zero after this! This is my 3rd or 4th reverse with the company so I'm the fool but just another life lesson learned.
Good luck to all and take care,
T3
This is just like a Sunday night movie. Certainly keeping things interesting while we await news as long as no one is taking it to seriously and buying / selling based on the posts. Stick to the solid DD and this company is very promising.
Good luck all!
T3
Me to please...thanks in advance!
T3
To me the nice thing about this rumor is it sounds like we're not going to have to wait long to find out if it's true. If you're long and already have your shares then just sit back and enjoy the entertainment.
Feel free to PM me as well if there's something about the rumor that hasn't been posted here today, much appreciated.
Either way most of us are in MMTC because we believe.
So for this weekend I'm going to believe the rumor and if it doesn't come to fruition then I'll just wait patiently to see what the future holds...I'm betting on big things!
Have a good weekend all,
T3
Yes, I just started up with Level 2 and it sure gives a whole other perspective.
Wouldn't take much to get this on a roll, too much time and money invested to give up on it but I sure would like a few surprises in the near future to keep me interested.
Cheers
T3
Proxy Soliciting Materials (Revised) Released:
Shareholders meeting moved to October 17, 2011.
http://ih.advfn.com/p.php?pid=nmona&article=49100118
Hope the link works otherwise hopefully someone else can post.
Looking forward to whats coming...
T3
Is it quiet around here or do I have everyone on ignore ;-]
Looking forward to the short and long term with MMTC.
T3
Forgot to mention that Level 2 at least shows it holding here at .001 but we'll see.
Cheers
T3
Yikes,
After holding this in some form or another for over 10 years it's quite a blow to see it sitting at this level. As mentioned before this was nothing more than a longgggg shot lottery like play but it's still a punch to the old gut to see this. I'm luckier than most based on averaging down but those days are over and just hoping for this to reach a penny again and of course I mean without a reverse split.
Years ago I would have called this a buying opportunity not nowadays I just can't muster up the energy...
Still, good luck to us all but come on wtwo,
Cheers
T3
Very well said daytrigger, looking forward to the next few months and hoping to add a few more shares to my humble portfolio today!
Good luck to us all!
T3
Hi kazorchian,
Can you sense the frustration on the board, hehe. Long road here for some and as for others, well I don't know what their issues are! There's been a history of some fluff news releases with this company but amongst all that I think they have some real products and they just might make us some money if/ when they start having some sales success.
I think we will be hearing some news soon in regards to the Azrize project but more importantly I hope we will be hearing some news soon on sales.
As I've said before, the cost of admission to me is worth the potential return but I also buy lotto tickets!
Good luck to all of us!
T3
Thanks Darth,
I appreciate the count as a simple matter of interest but then again I'm not superstitious at all.
Cheers
T3
Darth, add another 100,000 to my long term holding.
Total 200,000
Thanks
T3
Small article on W2 Energy Inc.
http://www.websmagazine.com/201108/2355/w2-energy-inc-looking-forward-to-a-greener-world/
Lets hope for some news of products being sold soon!
Tcubed
100 000 for me and hoping to add a few more!
T3
Sorry jaroc, missed your post!
Worth repeating I guess in these quiet times.
tcubed
Here's the link to the story...
http://azstarnet.com/business/local/article_e63e5199-1454-532c-811c-5c222d3f716e.html
Nice!
tcubed
Last post was from the W2 Energy Site Blog section by the way.
Could be an interesting fall season around here!
Cheers,
tcubed
AzRIZE Project HIts the News
Yesterday, David Wichner wrote a story in The Arizona Daily Star about the CAES project in Tucson, Arizona which AzRISE developed and will be using an NT Plasmatron engine system from W2 Energy.
CAES, which stands for compressed air storage system, stores energy from any source renewable or otherwise by compressing air into tanks, then releasing that air and running it through some kind of engine.
The AzRISE CAES system will help renewable energy producers provide a steady stream of power to the grid and large-scale electricity consumers to save money on power by purchasing cheap power during times of low consumption and then use it during peak hours.
AzRISE will install the CAES system at the University of Arizona Science and Technology Park, where it will be connected to a 1.6-megawatt solar plant built by Tucson Electric Power and the Solon Corporation.
Mike McLaren will travel to Tucson in early August and commission the Plasmatron system and prepare it to connect to the storage tank designed by AzRISE.
I'm just going off of post# 8262 posted earlier today.
Yeah thanks, I was just bored, enjoy reading the posts...good, bad or otherwise! It doesn't take much to entertain me, lol!
Quiet here today? Where are all the regulars? Is this done? Is it still a good gamble? Above average volume today, people are selling today but then again people are buying as well! Where does it go from here? Just killing time here, thinking the worst after reading the POR but then again this was always a long shot in my mind and really I have no experience understanding these type of documents. Cheers
I still believe that years from now this will be exposed as a psychological experiment to determine how long investors would continue to believe in news releases that never come to pass.
Very very poor history of making them come true especially when they commit to time frames. I thought by January 2010 they would either prove me wrong or finally cease to exist but the fool in me keeps hanging on. I think I may be a perfect case study in that experiment.
That being said, this is really like buying a lotto ticket, not very much to buy in, the potential rewards are huge but the odds aren't great.
I'm holding a significant amount of shares although it doesn't seem so much after looking at the current number of outstanding shares but nonetheless still hoping for the holy grail!
I think we have to assume another reverse is on the horizon. Unfortunate but certainly fits the history of this company.
Cheers and good luck to you all whether you are pro or con to this company we are all part of the same excruciating experiment.
T3
New Toxco video on W2 Energy site (front page).
http://w2energy.com/main/index.php
Nice to see these steps taking place.
Lets hope for some upward movement in the share price in the near future.
Cheers
T3
Wow, nice to see the Forbes.com interview.
Things are starting to roll!
It becomes amusing to see the naysayers response (denial) as these advancements are made. Now I can certainly understand negativity and the questioning of some of the news releases and promises along the way but it will certainly help your mental health to keep a balanced open mind with all of this.
This is nothing more than a gamble and all investors should be going in with eyes wide open and a full understanding of the risks. We all may be left looking like fools or we may just end up having a very healthy bank account thanks to the vision, dedication and genius of the company personnel. All that to say I know the risks and am quite prepared to ride it out.
We are inching closer to the day when it will be proven up with money rolling in or one of a number of other scenarios, some of which may not be so positive, but for those of us along for the ride it sure is exciting to imagine the possibilities!
Thanks to docrew0 and others for bringing balance and sanity to this forum.
Have a good weekend all!
T3
W2 Energy website has been updated with new videos!
http://w2energy.com/main/index.php
For me the risk to reward is keeping me long.
Good luck all,
T3
That's why this is maybe the biggest craziest a$$ gamble any of us may ever be involved in.
The odds makers I'm sure would put this as a likely sham based on everything to date but we're all here just in case these products are real,functional and as advertised and if that's the case then Mike just might make some of us wealthy and some of us at least a nice return on investment.
Anyone who has been investing for years I'm sure will have lots of red flags regarding the companies history, content of news release, etc but there's enough of a hint that Mike and team are on to something big that it's worth the cost of admission to play it out even though the road traveled has been somewhat dysfunctional.
We all play this game to make money and when you deal with the pennies the returns can be amazing but the odds are well against us.
I would love to live in the Toronto area to drop by the business and look at the products and talk to the staff but for now I'll just have to have some faith in those that have been as well as the cbc clip.
Good luck all!
T3
Interesting article on Algae while we wait for the next news!
http://www.cnn.com/2009/TECH/science/08/21/eco.algaebiofuel/index.html
T3