Retired and just enjoying the ride with MDW (Midway Gold)
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.
Not good advice as evidenced by my buy of DAN for 52 cents in March of 2009 and sold my 40 thousand shares for 14.39 a share. I made a ton of money on that stock and others and will make a ton of money on MMRF. JMO..Tiffer
Addendum to rule #1; "Have the patience to wait for meaningful revenues while knowing the avenues that the company and its vendors are following to sell the product will be successful"...JMO...Tiffer
Revenue from vendors such as E-Mail Frequency show up on the quarterly financials and that is what I am waiting for! You do not seem to realize that Dave Loftus is in it to win it and with his statement of 20 million folks signed up within 18 months on the embedded PHR in companys employee benefit packages is very real. He has the contracts in hand and the companys that are in the business worldwide of putting together these benefit packages. So you ask will the revenues be there to eliminate the burn rate of MMRF by the 2nd quarter? Absolutely and more putting MMRF in the black finally. JMO..Tiffer
Just talked to Bob Lorsch and he told me that Celgene revenues are going to come thru during 2013 and he anticipates 400,000 early part of year and the remaining 10 million at a later date! Just putting out what I heard from him....Tiffer
Yes, and when the 2nd quarter hits with the expected delay of companys paying on the embedded PHR then thats when investors will finally see enough revenue (recurring) to knock out the "burn rate" and finally putting this company in the black! As Dave Loftus told me quote: "There are going to be some very very happy campers this coming summer....Tiffer
You wonder why no info on revenues from E-Mail Frequency but if you would read you would see that the sign up period was the last 3 months of 2012 and the actual revenues will be coming in during the 1st and 2nd quarters and recurring for years to come. You cannot expect Bob Lorsch to be shouting these revenues out as he has got to get that news from his vendor Dave Loftus the CEO of E-Mail Frequency!...jmo..Tif
Licensing means revenues. Lawsuits come into play when patents are challenged and I prefer licensing as that shows no contest for the validity of MMRF's patents. JMO...Tif
News from the CEO Bob Lorsch/12/27/2012
How Valuable Can Patent Rights Really Be?
Posted by Robert Lorsch
In August of this year, two separate billion dollar verdicts for patent infringement were handed down. Apple was awarded $1.05 billion in a patent infringement suit against Samsung related to the iPhone and Monsanto was awarded $1 billion in a patent infringement lawsuit against DuPont related to genetically engineered agricultural seed.
One of the questions being debated in the legal community and the media is whether a patent portfolio can have a billion dollar value. Most experts believe the answer is yes based on the way patent damages are calculated.
Patent damages are compensatory and meant to remedy the loss due to infringement. There are two ways that patent infringement damages may be calculated monetarily. The first by awarding a hypothetical reasonable royalty and the second through the calculation of lost profits. Under either of these approaches the idea is to compensate the patent holder by placing them in the position they would have been in if an infringement had never occurred.
Over the past year, MMRGlobal’s subsidiary, MyMedicalRecords, Inc., has been awarded five patents by the United States Patent and Trademark Office, U.S. Patent Nos. 8,121,855; 8,117,646; 8,117,045; 8,301,466 and 8,321,240, with similar patents issued and/or pending in twelve other countries. In addition, MMR has hundreds of pending claims involving Personal Health Records and features included in Electronic Medical Records systems in the U.S.
Although reasonable royalty calculations look to industry standard rates for the technology, in most cases there is no industry standard. As a result, courts often turn to a “hypothetical negotiation” to determine an amount a patent owner would have received if it had licensed the patent to the infringer in an arm’s length licensing relationship. With health IT projected to be a hundred billion dollar industry fueled by tens of billions in incentives that “hypothetical negotiation” could result in a big number.
The lost profit damage calculation is not so hypothetical. Instead, it is an approximation of the profits that the patent owner lost due to the presence of the infringer’s product(s) in the marketplace. This is essentially based on lost sales that the patent holder would have had if no infringing products were on the market. The lost profits calculation can include what is called the “entire market value rule.” This rule permits the patent owner to include as lost revenue separate non-patented components that are typically sold along with the patented product. If that were applied to MMR’s patents, that could be a really big number based on a really big market.
In order to make a belief into a reality, we need to keep thinking out of the “BOX” while placing one foot in front of the other regardless of the obstacles that appear in the way. Then one day we find ourselves ringing the bell on the New York Stock Exchange and the answer to how to do it appears in front of us. When I started MMR in 2005 I believed it could be the most successful venture of my life. At that time, I did not know how I would get there because there is never certainty in something that has not happened yet. Through the inner voice of natural knowing I simply knew I could. So I started thinking out of the “BOXES” which became the four corners of many pieces of paper called patent applications. Now it appears the resultant patents (and pending applications) should help get us through to the most successful venture of my life.
Robert H. “Bob” Lorsch, CEO, MMRGlobal
4401 Wilshire Blvd., 2nd Floor, Los Angeles, CA 90010
www.mmrglobal.com
They are privately held companys and looks like they do not generate much news and the CEO's seem to keep a low profile as some billionaires seem to prefer.
Dave Loftus, the CEO of E-Mail Frequency, has put together blockbuster contracts with these 2 individuals and their companys! These contracts alone, besides all the other things going on, will make MMRF a very successful company. Check out these 2 individuals credentials and I am sure you will feel the same way. They have the hugh sales forces and the patented PHR to embed in the contracts of the many companys worldwide they create benefit packages for..JMO..Tiffer..END Kevin Faherty, President and CEO of NBBI, commented, "By bundling all these benefits together in a single solution, they are more affordable and provide employees ready access to these health-related services in a manner similar to clubs like the AAA, which offers roadside assistance on demand."
Bill Tyson, a benefits consultant and CEO of Strategic Marketing Plus, LLC, added: "The benefits industry in the US alone involves hundreds of billions of dollars in costs to employers each year. It impacts many millions of employees working for thousands of companies who protect workers and their families by providing health insurance and other welfare plans as a means to attract and retain talent. In fact, according to a Kaiser Foundation study, 95% of employers with 50 or more employees provide some form of health insurance to their employees. E-Mail Frequency and its partners have bundled an impressive array of health care solutions including: telemedicine, prescription discount cards, the personal health records system from MMR Global, dental and vision discount plans and more. All of these combined services are complimentary to both private health insurance plans and governmental healthcare programs. At the discretion of the employer, these partners together can help deliver non-emergency health care via telemedicine, provide 24 by 7 access to health information via MMR's personal health record system, and a range of additional health and wellness services more efficiently and cost effectively. Ultimately, we expect these services will improve patient outcomes, lower employer health care costs and boost employee productivity
A few of literally hundreds of patents on computer doctor/patient interface. As you can see there are great minds that have submitted patents many years past.END
US5441047
25 May 1993
15 Aug 1995
Ambulatory patient health monitoring techniques utilizing interactive visual communication
US5462051
31 Aug 1994
31 Oct 1995
Colin Corporation
Medical communication system
US5486853
13 Dec 1994
23 Jan 1996
PictureTel Corporation
Electrical cable interface for electronic camera
US5510832
1 Dec 1993
23 Apr 1996
Medi-Vision Technologies, Inc.
Synthesized stereoscopic imaging system and method
US5544649
15 Mar 1995
13 Aug 1996
Cardiomedix, Inc.
Ambulatory patient health monitoring techniques utilizing interactive visual communication
US5553609
I will reserve my judgement until after the financials come in next year and you are absolutely right in that revenues are everything and the rest is just noise...tiffer
Yes and I feel that the non-believers will only be believers when the 2013 financials come out and quite frankly I can hardly wait! MMRF is taking all of us long term holders on a very merry profitable ride...JMO...Tiffer
Ultimately, we expect these services will improve patient outcomes, lower employer health care costs and boost employee productivity."
To this end, EMF's benefit partners will be offering the newly bundled products, which will reach millions of workers, during the upcoming annual open enrollment cycle that typically runs from September through December, for benefit plans renewing for the year 2013. The Company believes it can have over 20 million enrolled members within 18 months on a per-member-per-month (PMPM) payment model.
"MMRGlobal designed and built a great system and protected it with patents that give us a competitive advantage and help boost my company's sales," continued Loftus. "I have over $2 million dollars invested in this strategic initiative, including investments in MMRGlobal. I have retained some of the top consultants in this space for nearly two years. I have traveled to the East Coast 12 times in the last 5 months, and other various locations around the country, visiting customers, service providers, clients and potential new benefit distribution partners. Together we have established some positive momentum. Other announcements about additional business development efforts and revenue will be made over the next several weeks." END..I ASKED DAVE LOFTUS ABOUT THE LACK OF UPCOMING ANNOUNCEMENTS AND HE TOLD ME THAT HE CHANGED HIS MIND AND DECIDED TO LET MMRF'S QUARTERLY FINANCIALS DO THE TALKING AND WHY GIVE COMPETITORS A HEADS UP ON WHAT HE IS DOING...I TOTALLY AGREED...JMO..TIFFER
Considering the FACTS of documented agreements already signed on the value of MMRF's patents then I would say that any publication providing these FACTS are right on the money!..Tiffer
About BioMedReports.Com
BioMedReports is a news and research portal covering financial biotech news for the entire Healthcare Sector of the market. BioMedReports is not paid or compensated to report the news and developments of publicly traded companies. BioMedReports sells a premium product for subscribers and full disclosures and information about the stocks and news mentioned in this news release are available at BioMedReports.Com. END. I feel that the paid subscribers do not continue to be paid subscribers if this company does not provide info on some real winners like MMRF so I will give credence to this company for that reason. Success makes for more subscribers while failures do not and this company would have vanished long ago due to very poor reporting. JMO..Tif
The "metric" you seek is already in place just with the E-Mail Frequency revenues that will be coming in and when the "burn rate" vanishes during the 2nd quarter of 2013 then the CEO will do what other CEO's do when they want to rise the value of stock they own and all the other investors....it's called STOCK BUYBACK..Patience is going to make many on this board very very happy campers this next summer..JMO..Tif
Yeh right. Guess we wait for the future financials and as for myself I am looking forward to what E-Mail Frequency brings in the first 2 quarters of 2013 as I feel that is where the real money will come from now and in the future...which is...PHR's embedded in employees benefit packages paid for by employers. You simply cannot beat "Free" for the employee and the win win situation for all parties.. JMO...Tiffer
For me at least the deal was acknowledgment of the value of MMRF's patents and that is going to lead to, I believe, an avalanche of royalty agreements. I do not believe any royalty agreement by itself will amount to much revenue but a large volume of royalty contracts surly will. JMO Tiffer
Apple, IBM, Hewlett Packart, Kodak, and on and on have paid out for patent infringments and you will find that many companys are feeding out of the trough of patent infringement as will MMRF with their own specific patents. The patent office does not give out duplicate patents and you should reflect on that aspect of our patent office and its responsibilitys...JMO.Tiffer
All stockholders are going to be very pleasantly surprised by the forthcoming revenue detailed in the 1st and 2nd financial quarterlys during 2013 and that will rise the PPS of course. Your input on past proceeds do not reflect the current happenings and what those contracts mean but I sure know what they mean and that is why I continue to buy this stock at these ridiculously low prices. The "proof is in the pudding" as they say and I for one am very confident on what next year and beyond brings based solely on E-Mail Frequencys activitys alone and Lord knows what surprises Bob Lorsch may spring on us on more lucrative signed agreements....JMO...Tiffer
I want to see more union participation right here in the US rather then the 17 million "pipeline revenue" from Visilink in Australia which entails direct sales...I will take the slam dunks of the teamsters, electricians, pipefitters, carpenters, steamfitters, and on and on which are far better for revenue...JMO..Tiffer
I often think of Bob Lorsch and his reference to a sign in his office that says "To be average scares the hell out of me". Well all I can say is that over the past years I and other "average Joes" on this board have pointed out to him the direct value of an embedded PHR in any companys health plan which would give instant recurring revenue and of course what any company would gladly embrace for their employees and benefit everybody including the companys. Our "average Joe" common sense approach which included names, phone numbers, of many unions for negotiations for an embedded PHR were completely ignored while Bob Lorsch pursued other grandoise schemes which entailed years waiting for sales and hopefully eventual revenue for MMRf. Bob Lorsch finally came around to our thoughs and teamed up with his long time friend Dave Loftus who is also a heavily invested common stock holder and gave E-Mail Frequency license for pursuing embedded PHR's worldwide! None of us here on the board were thinking "out of the box" but utilizing just plain common sense and thankfully Dave Loftus ran with it and the results will be plainly spelled out in the financials during 2013 and beyond. Thank you Dave Loftus and Bob Lorsch for finally seeing the most direct approach for a "slam dunk" path to revenue and I hope you continue full speed on this lucrative path. "Free" is simply irresistible to employees and will guarantee their participation in MMRF's PHR....JMO (and others that posted this common sense in years past)...Tiffer
Sure is, and as we all well know, the products of MMRF, or for that matter any other company in this field is a hard sell to get consumers to "buy in". That is why I feel that the success of MMRF is going to be very pointed out in future financial quarterlys when those 20 million employees of companys worldwide are receiving a company paid PHR which will force feed employees to take an interest in their own and their familys health. You simply cannot beat "Free PHR" for employees whose companys know what the final result will be..less absent employees and employees taking a real interest in they and their familys health which of course will help drive down the medical costs for any company. Our PHR will be a very small cost to companys benefit plans and everybody wins!...JMO...Tiffer
We all have our opinions where revenues will surface in the future and I myself feel that the E-Mail Frequency vendor with the signed contracts in hand and the statement of 20 million embedded PHR's in employees health packages (worldwide) by Dec. 2013 is a slam dunk as this is going to happen by firms who specialize in putting together benefit packages in all companys worldwide. For those who do DD they might notice that the CEO's of these firms are billionaires and Dave Loftus should be congratulated on presenting MMRF's Patented PHR and getting these contracts for the mutual financial benefit of all concerned. The 1.7 million in the short term is just the tip of the iceburg of what is coming in future revenues..MMRF gets the higher percentage of agreed upon profits while E-Mail F. gets a lessor percentage....Hugh, in my opinion and will build the road to the NASDAQ..I HOPE...Tif
Russia may yet be a surprise for future revenues per this older PR.END Jacques Blandin, Founder and CEO of VisiInc, has been in Los Angeles for meetings with MMRGlobal this week prior to traveling to Las Vegas to participate with MMR at the HIMSS Conference and Exhibition, February 20-24, and will also appear at MMRGlobal's booth #2062. Although no other agreements have been announced, Yefim Schukin, a principal of VisiInc Russia, is also traveling to the United States to attend meetings with MMR where the companies will discuss the launch of its products and services in Russia. Yefim Schukin will also attend HIMSS with Jacques Blandin.
"RECOGNIZE" TELLS IT ALL!
"We have been following MyMedicalRecords' efforts to provide untethered standardized solutions to how patients share medical information with their doctors," said Leonard Tambasco, Chairman and CEO of Healthcare Holdings Group, Inc. "In spite of the fact that our two companies regularly compete in the marketplace, we RECOGNIZE the importance of MMR's Patent Portfolio as we approach requirements under the HITECH Act mandating the use of Personal Health Records and Patient Portals by 2014. Therefore, for the benefit of our clients and shareholders, we have made the decision to license the technology at this time. Although we approach the market differently, we both have a mission to provide seamless connectivity between patients and physicians. The Agreement with MMR is consistent with HCH's position to enhance and support industry-wide standardization efforts. HCH will launch its MU-1 compliant EHR at HIMSS13."
I have read that recognition is a even more powerful emotion then love and in Bob Lorsch's case I think his self glorification is particularly true and needed for his ego. I gave up long ago telling him about his rambling PR's that he sometimes put out and just have to accept the fact that he is what he is and as long as our very respected and charitable CEO brings in REVENUES then I will overlook his faults especially since I have a few of my own...LOL...Tif
I cannot help but wonder if E-Mail Frequency's recent June prediction of 20 million PHR users signed up by Dec. 2013 is really a HUGH patent license agreement for MMRF! That would entail perhaps a hypothetical fee of .10 cents per user to MMRF which would equate to 2 million a month (recurring). Companys signed on with E-Mail Frequency might also be taking care of all PHR records thru their own "Cloud" services. Just a thought and only an opinion. Tif
Future financials will answer all questions for those who do not do DD and for those who do then their investments will finally pay off!
I simply cannot understand that if people do real careful DD and see the value of MMRF's vendor, E-Mail Frequency having accomplished affiliations with companys who are in the business of putting together benefit packages for hundreds of companys worldwide are not buying this stock. Slipping the patented PHR into benefit packages is an absolute no brainer and benefits everybody concerned...Thank you Bob Lorsch for bringing valuable vendors on board with MMRF although I give you hell sometimes for various reasons you really have got your business act together!...JMO....Tiffer
Considering this PR came out June, 2012 we are looking at
Dec. 2013 for the 20 million goal!..Outstanding recurring revenue. If MMRF's percentage is 1 dollar a month that is 20 million a month (recurring)but I honestly think more in the 2 dollar range...Tiffer..END "The Company believes it can have over 20 million enrolled members within 18 months on a per-member-per-month (PMPM) payment model"
Thank you for reposting this important info for folks who do not know what is going on with this company! I have been borrowing a phrase, Dave Loftus, the CEO of E-Mail Frequency told me a couple of weeks ago on the phone and that is; "THERE ARE GOING TO BE SOME VERY VERY HAPPY CAMPERS THIS COMING SUMMER". So there you have it..straight from his own mouth...Tif
"IF" makes all observations meaningless. The future will be determined by signed contracts and MMRF and E-Mail Frequency already has them in hand to give a good forecast on revenue and the time period of those earnings and meanwhile hardworking folks are currently putting together many other avenues for signed contracts....JMO...Tiffer
MMRF does not manufacture the MMR-PRO and we had better have a strategic alignment with them or we would have no product to sale! Better revenues come into play when you give Fujitsu orders like 1275 MMR-PRO machines which because of volume is gotten at a cheaper price per unit! I think the bottom line of that is called more REVENUE for MMRF. Hope you start seeing what "strategic alignment" really means for MMRF...JMO...Tiffer
If you have firm enough hands to hold until the august 15th report for the 2nd quarter 2013 then you and all of us long term holders are going to be very very happy campers...JMO....Tiffer
One signed contract comes to mind of one thousand two hundred and seventy five MMR-PRO units on the books. Do you think the affiliation MMRF has established with Fujitsu in producing these units might have led to the 1,275 unit contract? Do you think the 17 million dollars on this one contract means nothing? The recurring revenues from the PHR's sold to doctors patients in the future mean nothing? The Visi contract also gave Exclusive Worldwide dentist office sales to this Visi company and do you think this company is not going to take full advantage of that very lucrative contract from MMRF giving them license for worldwide sales? Bob Lorsch has acquired many vendors on the sale of MMRF's products and the recent 1.7 million dollar signed contracts that Dave Loftus and his company have on embedded PHR's and sales of the MMR-PRO have led to him stating "WE WILL HAVE 20 MILLION EMBEDDED PHR'S IN EMPLOYEES HEALTH BENEFITS PACKAGES WITHIN 18 MONTHS BECAUSE OF THE WIN WIN SITUATION BEWEEN EMPLOYER AND EMPLOYEE". Bob Lorsch has enlisted the sales forces of the many vendors on board now to make this company and the affiliated vendors very happy campers in the coming months/years. There are blockbuster negotiations going on in many areas that could take this stock into the dollars overnight. PHR's for horses?, Multi lawsuits on patent infringment?, instant revenue on patent licensing?, England, China, Labor unions signing up, and on and on...Of course this is just my humble opinions based on the facts as I see them...Firm hands will make a ton of money on this stock while weak impulsive hands never will...Tiffer
While the Patent Attorneys are working on discovery on patent infringments, don't you know that if they find one of the billion cap companys in violation of MMRF's patents then it will involve not a friendly notice for licensing but a full blown lawsuit involving multi-millions of dollars which other companys are currently doing with their patent porfolios. MMRF has the capability of getting their "piece of the pie" just like many companys are doing now. You can bet Bob Lorsch is in daily contact with the Patent Attorneys just waiting for that discovery and when a law suit is filed then this company's price per share will soar! Exciting to think this could happen any day. JMO..Tif
Patent Attorney's and future revenues will clarify and I for one have the patience to wait for those results. I do think perhaps the Patent Attorneys need to be more aggressive in their form letter they send out but heck what do I know?...JMO..Tif
New from BL today; Thanks Bob Lorsch. I will order one...Tiffer...END
Don’t Get “Patent Disease Syndrome”
Posted by Robert Lorsch
There appears to be a disease going around called Patent Disease Syndrome (“PDS”). It starts with a little round fur ball (also known as a “Wuppee”) which can either bring a smile to your face or confusion from the bombardment of billion-dollar infringement claims reported in the media (see picture of bug shot under microscope in a laboratory not too far away).
“Do Not Get Bitten By the Patent Disease Syndrome Bug”
Some Things You May Want to Know About the MMRGlobal Patent Portfolio and Did Not Know Who to Ask,” which appears below. MMR owns its products and services and relies on its IP to remain competitive in the marketplace.
As the Company’s CEO and the inventor of our patents, I am proud that we own a portfolio of five issued United States patents with hundreds of claims, as well as other similar health IT patents in at least 12 countries around the world. I also discussed what MMR’s Patent portfolio could mean to the health IT industry and our strategy of working to create strategic business partnerships by selling our products and services or enter into reasonable licensing agreements.
Our strategy is to enable patients to get the benefits of our untethered products so that they can access their personal health information wherever they are anywhere in the world.
In the weeks since that last Blog, Apple has won a billion dollars in a patent suit and now it looks like they may have to pay a chunk to someone else who appears to have won a patent suit from them. Every day, patent claims seem to dominate the headlines of business and trade press. Rather than thinking about hiding in the wake of all the patent IP wars, this Blog is intended to provide relief from what I call the Patent Disease Syndrome (“PDS”).
Patent Disease Syndrome is a very costly and time-consuming disease that can attack when least expected. A few simple preventative steps can protect you from ever having to deal with it. First, preform an Intellectual Property Audit to protect your IP and protect you from infringing on anyone else’s. Then talk to an MMR patent specialist about why you should purchase or license MMR’s products and services or IP. MMR can help satisfy your quest for your share of the billion-dollar stimulus pie available to you by meeting Meaningful Use Stage 2 requirements. You’ll even find out how much money you can add with the MMR Stimulus program.
As we do in our everyday life, we insure our risks. Licensing patents is nothing more than paying for the annual software license to prevent your system from getting a virus. Patents are becoming an important factor in purchasing decisions pertaining to Health IT. Having licenses upfront before the bug bites may be one of the smartest things a hospital or healthcare professional can do and could be a lot cheaper than litigating over them in the future.
So don’t get bitten by the Patent Disease Syndrome bug. Simply put, patents give patent holders the right to exclude others from using intellectual property that may be part of a product or service you use. Clearly, in an industry the size of Health IT, that is going to happen. Being aware of risks associated with patent infringement is smart business.
If you would like your own limited edition canister, as shown above, designed by world-famous artist Charles Bragg, filled with Patent Disease Syndrome Bugs, contact investor relations at the email address below and we will send it along.
For specific information about the Company’s patents, which include U.S. Patent Nos. 8,121,855, 8,117,646, 8,117,045, 8,301,466 and 8,321,240, contact Ted Ward at Liner Grode Stein Yankelevitz Sunshine Regenstreif & Taylor LLP, (Tel. 310-500-3384 / TWard@LinerLaw.com) or me at the contact information that appears below.
Robert H. “Bob” Lorsch, CEO, MMRGlobal
4401 Wilshire Blvd., 2nd Floor, Los Angeles, CA 90010, Tel. 310-476-7002