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What's the prospects with HMPR?
Jax, I thought I had seen the worst of worst during our days at CEMJQ but that topped it. ADXS seems to have matured a little in their mid-level development stage but as always, cash strapped. Hope you have been well.
You cant provide proof that it is otherwise!!!!
MMRF will take your money for the enrichment of others. Do not invest!!! MMRF is not a viable business, never was intended to be and never will be.
He is also the COO of Dutchess...hello...scam!!!
Try looking at the 10k...right off the P&L and the Balance Sheet
$45+ Million invested, $1.4 Million in annual sales and -$5.2 Million net equity.....I would have to say that the fat lady finished singing a long time ago and you are now just supporting someone's lifestyle.
The numbers don't look pretty here:
$1,419,648 Total sales for 2011
($8,884,427) Total Loss for 2011
I am a one man construction consultant and have annual revenues that approach $1M and they have this kind of excutive staff:
Robert Lorsch $180,000 CEO
Ingrid Safranek $120,000 CFO
Sunil Singhal $120,000 EVP of Technologhy
Richard Lagani $115,500 EVP of Sales
Ralph Salazar $80,000 VP Telecom
Mind boggling to say the least.
EQUITY:
$2,228,261 Total assets (of which $1,212,661 in intangible)
$7,511,330 Total Liabilities
($5,283,069) Stockholder’s Equity
This is the sum that has been paid in by the stockholders to support Mr. Lorsch's habits and you now have (-$5.2M) in Equity left:
$48,232,775 Paid in capital from stockholders
You do realize that the patents are owned by Bob Lorsch, not MMR
People losing money from owning MMRF is a 99.9% subset. The .1% is Bob Lorsch. You will be hard pressed to find any other winners!!!
Yea, I'll give you a summary of my investigation. MMRF is a total scam and you should run as fast as you can.
Oh yea, that was his last scam...to the tune of $40 million in his pocket along with a class action suit that he settled!!!
What's wrong with MMRF today....nothing....its acting normal. It's still on its expected path of self destruction.
You must be referring to the Regional Transportation Commission (RTC) because the Resolution Trust Corp was disbanded in 1995.
Try to get up, will ya!!!!
...and I thought you were a trader!!!
Time to buy is now Bro
Tul's
Assuming that MMRF is a legitimate company and has legitimate products (big assumption for me) they should consider going down the same road as Quicken. That is:
1. Give away (no cost) an abbreviated version of My Medical Records to the general public (at least for a limited time of one year) to generate name recognition and exposure and charge for the upgrade to the full blown version on a one-time basis with a an optional fee to upgrade to new versions every year. This would set the recognition base for the physicians to use the MMR Pro.
2. Make the lions share of revenue on the Pro as its reputation grows within the general public...akin to the business application Quickbooks as it relates to Quicken.
As Intuit found with Quicken, the majority of the general public is not going to pay an annual fee for this service...it's a model that is just not going to work.
Conix, you are a wise investor.
Plenty of us do.
Unfortunately, there is not enough glue in the world to fix MMRF
Good stuff 3F
This a sick stock
Day Range: 0.0281 - 0.043
Maybe the meeting news is not so good????
well stated
100,000 of them
Basically, based upon the closing price today, he paid himself $172,741 for his $200,000 Origination Fee but made it look like he was doing us a favor by taking his 1.600,000 shares at 300% below market value:
2,718,536 + 1,600,000 x $0.04 = $172,741
What a tool bag!!!
There are plenty of positive posts here, including some from myself, but if you care to read some posts with construction criticism, go back and read past posts from myself, Threeflight, brwtrpilot & slickwillski.
I have an old IHub friend (formerly know as MadClown)that told me once that it comes down to which you would regret the most: (1) not getting out prior to a major loss or (2) getting out with some gains (or minor losses)and missing out on subsequent major gains.
I have found, from many experiences, that I have agonized over #1 must more than #2 but that's not to say my experience is the same for all.
Wouldn't know......I'm not into day trading.
Pennyland is much different. There is another rule in Pennyland for the wise investor......"Never trust a penny stock CEO. They're all talk"
I agree with the 10K being audited but keep in mind that there are a lot of exec's in jail based upon audited statements.
Civility on the board is a good thing and it will continue so as long as the promoters and the naysayers respect each other's opinions. Both elements make for a very balanced investigation.
...don't you mean 4 steps ahead of the hounds!!!!!
Good thought on the non core bio revenue. I'm sure with the next Qtr report mgmt will compare core revenue with core revenue for the PR release.
I would like to know why they are hiding the value of the milestone payments....maybe they over touted the value in previous PR's????
Filing are great but don't put too much faith in them.... Remember they are created by the same people you are trying to investigate and they are not always truthful......especially in pennyland. They also contain more than adequate CYA rhetoric for the authors.
I start by looking at certain basics...in this case core business revenue. It is just not there ($70K last Qtr...my car cost more than that) after all the years of PR (created by the same authors) saying all is good and its coming and meanwhile they are spending a small fortune of stockholders money. So next question, where is it going and why is not producing revenue.
Why Bob and his wife, Bob is the top executive of MMRF and his wife in the top executive of RHL.
That's funny as hell
I don't live in Santa Monica or Pasadena either and I am not an alias for Threeflight...I live in Virgina. Appreciate the comments though....I'm just trying to get to the bottom of where all the stockholders money has been going other than nice vacation trips to places like China for Bob and his wife.
I wasn't the one the brought up the history of the loan origination fee as a defense for what is happening now...it was our Mod, Hermso
I stand corrected guys and I'm sorry, MMRF only closed $0.22 on 5/20/2010 not $0.23 as I first stated??
Transaction date on Hermso post says 5/20/2010
Just facts but you can spin it any way you want.
Another such transaction that Hermso did not post was the 2009 loan origination fee transaction as follows right from the same document that Hermso was citing:
On August 17, 2009, the Company paid the $200,000 Fee by granting 2,800,000 shares of common stock to The RHL Group to the value of $364,000 and recorded a loss on issuance of $164,000. The Fee was recorded as a deferred financing cost and is being amortized over the Third Amended Note maturity period. As of March 31, 2010 and December 31, 2009, the remaining unamortized origination fee was $0.
...and the day he exercised the warrant, the price was $.23/sh....that's a no brainer when the exercise price was $0.125. Let's see if he does the same when the price is $0.04
Cash or dilution.....you are still paying Mr. stockholder!
Just like Judges, I don't put much credibility in hear-say....talk is cheap. I want to see it in black and white. If he will share his monthly statements, I would call him but I'm not going to call him just to listen to a bunch of propaganda.