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How much revenue is being generated by these licensing deals? Do we know? Is that the business model now rather than actual sales? If that was addressed in the SH conference call, I would be grateful for any insight provided. Thanks very much.
If the product is not going to sell--and I see no sign of meaningful sales activity and revenue--then Bob just needs to sell the business and get what he can for the patents. The litigation model is not a winner in my view.
Because of sales or collecting royalties?
Tulaz: Understood and I think you are right that biotech may not be addressed until next year because of the realities of the PR cycle during the holidays even if the deal is done. And that is a big "if". I am "all in" here to the point that I am bordering on embarrassed at how many shares I have accumulated, beginning with the private placements. Thus, I'm far from a gratuitous naysayer, rather I could and have been accused by friends of being a naive cheerleader. That said, Bob should not represent, unequivocally, that he is going to deliver on something like a biotech deal in a defined time frame (i.e., by the end of the year) unless he can produce. It undercuts his valuable credibility. Furthermore, in his blog today, in which I would have anticipated a biotech reference, he talks about a fundraiser at the Playboy Mansion. I'm all for charity and do appreciate that Bob is a philanthropist. That's great. Nevertheless, I'm fully invested with a lot of hard earned money and counting on the success of this company, and I'm not sure that Hugh Hrffner is going to help us. I've been extraordinarily patient but it's time that the rhetoric gets converted to some hard and good news.
Where is the biotech update? Bob went out on a limb, and I hope he meets his commitment to deliver before the end of the year.
Don't you think Bob would want to announce the biotech situation before the first scheduled investor meeting on December 14?
Bernie: Nice to see you back in the jurisdiction. I've missed your posts, which were important in my consideration to keep buying this stock. Been a frustrating couple of months for the stock despite reasonable progress on the company's business plan. We've obviously entered a "show me the money phase" for investors in this stock, which I cannot say is unfair at this point. I would appreciate your insight and gut feeling about the next six months to a year. I have been accumulating the heck out of this stock and am way oversubscribed. All the best.
You are absolutely correct. I hope we are not spending a bunch of money on legal fees.
Do we have any further reason (other than the beer tasting pictures we saw) to believe that Verizon will contract with MMRF in this space?
Blue Sky: Yes, I have several million shares and have been accumulating since private offerings in 2007. I am a believer, obviously, in this space and this management team but am somewhat confounded by the lack of support for the stock in light of its long term prospects and the Company's accomplishments in the last year. I am resigned to waiting for more concrete revenue realization and projections, although I thought Bob's projections for 2011 were positive. The constructive dialogue on this Board has diminished markedly, but I guess that also is to be expected during a relatively quiet period for the Company. I'm in for the long haul and will be fascinated to see where we are in six months.
Somebody is dumping a bunch of stock. Very easy to get a 100k buy order filled today. Any theory on the origin of the sell volume?
Question for the Board. Do we have any definitive stance on the Chinese government's stance vis-a-vis the Unis JV? I've seen nothing about the JV being approved, which I understand to be mandatory before conducting any business in China. Thanks.
Unfortunately, I agree that we have lost this board--which was the best I've ever run into about 1 1/2 years ago--to a lot of very self absorbed, inane banter. I invested in this stock in two rounds of the private offering then bought lots around the time of the Favrille merger and ever since. I have accumulated millions of shares and my confidence in the company and its future was bolstered by the thoughtful and thorough posts from Rainmaker, Invest Bernie, and a few others. (It's no accident that they have largely receded to the background). The board has become a collossal waste of time and I, like Blue Sky Basin, don't have the patience for it any more. I believe in this company and its future and am sorry that this resource has been squandered because folks have no governor over what they feel the need to express in an anonymous post.
My 100k buy went through quickly as well. Interesting that there would be so much sell interest after that very constructive and positive conference call. We may drift for awhile.
I have thought my position was complete for almost a year but keep adding because the risk/reward equation keeps improving. A big contract, which apparently is imminent, puts a floor under this stock in my view. The upside potential increasingly eclipses any downside risk. We just need a wave of new investors and I think Bob's road show and this week's announcement should provide the catalyst.
I will admit that I am not a stock chartist nor am I an investor who typically trades based on technical trends. With that disclosure, aren't we really waiting for news that confirms the business model and the promise of revenues generated on a global basis from what we hope is ground breaking technology? As a penny stock trading at relatively low volumes (and certainly low dollar numbers), while the moving averages may be a datapoint, my view is that the real move in this stock will be news driven and, if we get what a lot of us expect in the PRs including announcements of some major contracts, the stock price should blow through any narrow ranges and/or technical barriers. I have been in this stock since the private offerings (at a loss on those shares), but thanks to very helpful diligence from Rainmaker and others, I had the confidence to keep building positions after the Favrille transaction. I now own more shares than I should but, based on everything I am now reading and what is occurring with the almost certain advent of broad-based electronic medical records, I am very optimistic that we are on the cusp of confirmation that we are on the ground floor of a great investment.
One question for the Board and I may have missed something. There was a lot of consternation about the financing relationship with Duchess, apparently with some basis. Did anything replace that relationship after it was cancelled? Thanks.
The more nuanced point--and I should have been more specific--is that board members (and officers) are under a lot of explicit and implicit pressure to be supportive of the company, particularly one like MMRF that is at a critical, formative stage. Being supportive includes buying and not selling stock. They all know that any sales will be published and scrutinized by the ivestment community. Again, I realize this is small potatoes and that the money is immaterial to Rubensdorf but my question is why bother with making such a trade in light of the perception? Very strange, particularly if Bob is giving a pep talk about the future at every board meeting. I have a lot riding on the success of this company so I'm objective in raising this issue.
I know their could be personal explanations, but I think it is odd that he would sell any shares at this time. Looks bad and he sure wasn't raising much money.
Can we tell if Loftus purchased the 16 million plus shares he owns directly on the open market or was that a private placement? Does anyone have an opinion whether the other share awards in return for sevices to the Company that were announced in the filings were reasonable? Thanks in advance.
You raise a good point re GOOG and MSFT. Any chance they would try to acquire MMRF? Wouldn't that be a logical move for one of them? I was pretty surprised that I had a 100k share order filled at .10 today with no problem. Bought another 100k last week at .12 after the sell off from .15. I have much too much MMRF for a rational investor (obvious comment on myself) but will tuck it away. Interesting that there is as much sell interest as there must be after last week's great China JV news. Thanks as always.
Bernie: My thanks to you are overdue for the encouragement a couple weeks ago when my confidence was wavering in this stock. This week's announcement about the China JV really was a game changer in my view, at least as an affirmance of what I believed to be the case for the future of this Company, but was starting to question. Yes, I have followed carefully the broad-based efforts on the part of the Company to develop its products and set the stage for revenue generation, but the steady decline of the stock price this year definitely tested at least my resolve. That said, I have continued to accumulate many more shares at extremely low prices than I ever would have absent the analysis that you and other key posters have consistently provided. For that I am grateful and if this stock heads where I now am confident it will, I owe you a lot more than a great bottle of champagne. Have a good weekend.
Guys: Very constructive dialogue, which I greatly appreciate. I have been quiet for a couple of months but have continued to accumulate stock--far more than I should based on any reasonable diversification model. I began with the private offerings a couple of years ago then jumped back in when the Favrille deal was done and have continued ever since. This board has allowed me to maintain a confidence level and for that I think I am grateful, although my confidence is being shaken as we head to .07pps. All that said, I still have not seen an articulate explanation as to why the share price has declined steadily and to such an extent in the face of good PR , good products, the biotech play, and a suring up of finances. It is very surprising that Bob and his team have not generated more interest in the stock if the products have such potential. The stock price translates into a market conclusion that there is a strong likelihood of failure. What am I missing?
Nice sentiment. A little light on support. The silence on the board and from the Company is deafening.
Thanks Rainmaker. Any insight or even prediction into timing and form of financing?
Rainmaker: Your extensive due diligence and constructive comments were instrumental in emboldening me to move my original position (from original private offering days) to an extremely large position accumulated on the open market. Obviously, this decision was mine and mine alone. I do note that you have become much less vocal, but, of course, appreciate that there is not too much to analyze right now and the steady decline in the pps over the last couple of months has been somewhat deflating if not demoralizing. I would appreciate any insight or even intuition you may have at this very sensitive time in the short life of this exciting but somewhat confounding stock.
Thanks Bernie: As always, I appreciate your insight. My only comment is that for the last couple of months, every time I or one of my friends puts in a bid in the 11-12 range it is filled within a couple of days. I would think by now, with the positive developments, the shares would be in stronger hands, and it would be more difficult to pick up as many shares as are availble at these levels. I understand all the variables and don't mean to generalize.
My earlier comment about IR unavailability was corroborated by a later post. It feels like the Company is losing, not gaining momentum at a critical time. These sentiments are coming from a committed investor, who bought in the initial, private rounds, and who controls more than 2 million shares. Not bragging (obviously), just making the point that my comments are sincere and hopeful that this is just a lull before some positive movement.
I remain confused about the lack of interest in the stock, despite the generally positive news from the company, consistent with what they had promised. Volume was up today but I know the source of the buys and it is largely a single individual. Of course, the dollar amount is still low even with increased volume. There seems to be a ton of stock available for sale at .11-.12, which should not be the case if this company is really about to take off.
Also, I called investor relations today and no one was around. I was put into a voice mail that referenced regular office hours even though it was 11:00 am, and, finally, the voice mail box was full and the line then disconnected. None of this is dispositive and I recognize we are in the last week of August, but nonetheless it is concerning.
I've consumed about all I can eat of this stock, having reached my target position today and then some. I continue to be surprised by the lack of volume in the face of good news and prospects. Not a complaint, just an observation. Having been an initial investor since February 2007, I can boast about being patient but certainly not about being wealthy. Recognizing hope is not a strategy, I sure am hopeful that the collective wisdom on this board is right. Best wishes to all.
Actually, most of that volume on Friday was my purchases. I obviously continue to believe in this company and its business model. Being objective, I was not thrilled by the conference call and really expected more positive new information because the call was specially scheduled. Perhaps the main driver was the uproar from the proposed increase in shares and concerns about dilution that prompted the call. For a company that has such a passionate, albeit obviously small following, I am somewhat confounded by the lack of buy interest right now. I have been in MMR from the first private offering rounds and have placed an enormous (for me) bet on its future. I would be interested in the insight of others as to when there might be more interest in the stock generated. Thanks to all for the continued due diligence.
I agree completely with you guys. The hysteria surrounding the increase in authorized shares is sophmoric frankly. There are multiple good explanations including (1) an attractive acquisition and/or (2) having shares available for a substantial new investor. I purchased another 100k shares at .13 today, which I view as a gift. I invested initially in two private rounds of MMR US and believe in the business model and management team. I compliment Bernie/Rainmaker, who have provided extraordinary insight/due diligence, which has benefitted all of us. Convinced me to start taking additional large positions at .04 per share, including for my kids. Finally, I talked to the head of MMR Australia today (in which I also am an investor) and that entity, which includes the licensing rights to Canada, now has a bright future. I'm in for the long haul and it is great to have some intelligent people at my side.
Does anyone have any information on MMR Australia? I invested in an initial investment round in that entity, which was tied to MMR US at the time but have been unsuccessful in getting any info on them through their web site contact info or from MMRF in the US. I'm afraid they have gone dark. Thanks very much.
Got it. Thanks for the clarification. I saw Dick Gephardt on the street in DC this week and wanted to ask him what he is doing for MMRF. I didn't do it but wondered if anyone knows whether he is active with MMRF or more of a celebrity board member like Sugar Ray Leonard?
That conclusion about short term trading, at least on the buy side, is not accurate. I'm an early investor in MMR in the private offering a couple of years ago (at a higher price than it is trading now). I have been filling out a position of a million shares over the last few days and am about done (hence the post). Not sure where the consistent selling pressure is coming from but I'm in for the long haul, as, it appears, are some other smart folks on this board. Good luck to all.