The plan is to pay off my house.
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Evening everybody, been a long time. I must say it has been nice staying as far away from I-hub and MMTE as I have been able too latley, however through the grapevine I heard about what happend. I truely feel sorry for all the people who were taken here. No more pennies for me. Way too many WL's waiting to take my money. Take care everybody. Best of luck in the new year.
Brad
This problem came back again because posters started screaming from the rafters the Chill had been lifted. It hasn't. Granted, I havn't called and asked my broker since last Friday, two days after this "news" broke, so in the past week maybe it has, but according to this site, http://www.mastertrader.com/tradingresources/dtcc.aspx
It hasn't.
People are so eager for good news, if any forms possibly surfaces, it's taken as fact before it's ever checked for reality.
Brad
Mayhem, thanks for the reply. I have had several talks with Zecco regarding the Non-DTC issue as recent as last Friday and they have assured MMTE is still Non-DTC. However, I was holding out hope that these rumors posted have been true. I have no idea where some of the posters on this board are coming from by spreading those rumors, if not an obvious attempt to pump the stock by creating a picture that is flat out false. That crap is annoying and in the long run does nothing but hurt honest shareholders, the stock, and overall the company. Also, thank you drews for posting the link to Mastertrader's website which proves the rumor to be false -
http://www.mastertrader.com/tradingresources/dtcc.aspx
I personally think MMTE will merge and the DTC issue will then be in the past. Hopefully sooner than later. Alright, This horse has been beaten enough for me now.
Brad
It has been on the Non-DTC for some time. I can't find any proof it has been removed. I posted a chat conversation found in post 94399, or through my post history, that says MMTE is still non-DTC as of last week. It has since been posted that it has been removed. I don't know. If it is removed, I would like to know how? From my understanding, some guy posted somewhere on another message board showing stocks that are Non-DTC and MMTE was not on the list, that's where it started. Don't know for sure, that's why I'm looking for answers.
Brad
Raptor, you posted that "The DTC has been lifted". Have you found any proof of this other than what somebody posted on a message board? I've done limited search and havn't found anything. I posted earlier this evening about this, but I'll ask you directly, or to anybody else who just may know... If MMTE is in fact off the non-dtc list, what event took place for MMTE to be removed? They had to have done something to be on the list in the first place, so what was fixed to remove them? Any idea?
Brad
I've been away a few days and have missed some 400 odd some posts and don't plan to read them all. Has anybody been able to officially confirm MMTE is off the non-DTC list as rumored last week?
Also, we never found out why they were on the list in the first place, so what actions did WL do to get the company off the list if the company is in fact eligible again?
Brad
Have a good night everybody. Me and Fiance' are heading to Kona Grill for or half price happy hour. See you all Monday if not sooner.
Brad
My plan, if there is a plan at the time, is to hopefully wait long enough that I can hopefully have enough profit to purchase a vehicle down the road and provide some security to life for a while. But, leave enough left to hopefully see where it goes.
Brad
I can't tell if that is freaking hillarious or the just the glass of honey whiskey I just drank...
Brad
It's an exciting time one way or the other. I feel the most for people like BR/Munz or the other people with higher than most share counts. My stomach couldn't handle being that close to all or nothing. For some, a 10K+ gamble doesn't mean much. For me, that would create some life altering chaos. In my world, I couldn't imagine throwing that kind of money at something like this. But as they say, no pain no gain...No risk, no reward. I will be happy with a modest gain. On the flip side, I've already recovered if this is a total loss. Granted everybody is different and people's situations are different as well. Like I said though, it's an exciting time.
"Believe those who are seeking the truth. Doubt those who find it"
Brad
I'm the same way. This is my only investment I have in the OTC. Been here since early 2010....just waiting.
Brad
WL has been leading on for a loooong time now. I can handle things being delayed, but a pattern is really starting to emerge. Hopefully it changes for our favor.
Brad
Thank you for sticking to your guns on this.
Brad
According to Zecco....
Thank you for choosing Zecco Trading. A representative will be with you shortly. For Security purposes, all chat sessions will be recorded.
You are now chatting with 'Kevin S.'
You: Good afternoon
Kevin S.: Thank you for contacting Zecco Trading. How may I assist you today?
You: Is MMTE off the DTC chill list?
Kevin S.: Were located in outside of Los Angeles, CA so I will say Good Morning!
Kevin S.: I can certainly assist you with this. Please give me a moment to research this request for you.
You: Well Good morning then!
You: It was rumored this morning that MMTE might now be allowed to be traded normally with Zecco this morning due to the DTC restriction possibly being lifted. I'm not sure, so that's why I'm contacting you.
Kevin S.: Unfortunately MMTE is on the non DTC eligible list.
You: so it is still not allowed to be traded normally through Zecco then?
Kevin S.: Yes that is correct.
You: Dang. Thank you very much. You probably don't have any idea when that might change do you?
Kevin S.: I'm sorry but I do not.
You: That is all I needed! Thank you very much for your help!
Kevin S.: Did you have any additional questions or concerns that I can address for you today?
You: No, that is it. I only wish to be able to trade MMTE again one day. Thank you for your help
Kevin S.: Thank you for chatting with me. We welcome your feedback: please complete our Exit Survey.
Brad
I'm in a live chat with zecco now. I'll update in a second.
That is one thing that has been posted on this board that I whole heartedly believe.
Brad
That was part of the fun dealing with Brian. Everything was off record and nothing was allowed to be shared, copied, transcribed, and whatever else legal bs followed every one of his e-mails and phone calls. It's not public information the best I can tell, only if you were already in the know already. I went back and checked all my e-mails between me, Brian, and WL, and didn't see anything, it was all just from what HE told me on the phone. Maybe it's in one of the old quarterlys.
Brad
Wow, thanks for the info. His timeline must be all screwed up then. I was sort of hoping that it's off the table now meaning that MMTE has raised enough capital and moved on to a different phase, but I guess we will just have to wait more and see. Thanks again.
Brad
I think it started at .002, then when the share price dropped, they lowered the price for the restricted shares also. Not sure, it's been a long time ago.
I wonder what that will do to the share structure once those restricts start unfolding? Anybody? I have no clue?
Brad
Jack, question for you
Do you happen to know if the option to buy restricted shares is still open? Reason I ask, if the option is still open, that tells me MMTE is still trying to raise capital for whatever the plan is. If not, that tells other things.
Brad
I think in that lies the problem. Who really "knows" what is going on other than WL himself and a few high dollar shareholders that are probably not allowed to say anything? What does MMTE have going for it if you follow the Pr's only and not subject yourself to the rumors and massive lengths between dots some try to connect calling it a fact? I guess that's another bothersome aspect, every PR is vague and ambigous and left open to speculation.
We know MMTE has some land, how much exactly is only as accurate as the last PR mentioning land. We know MMTE is going to hopefully register their land in Chile. What else do we KNOW? We still don't really know how MMTE even got the land in the first place since WL won't say. I assume MMTE is still trying to get more land somehow? Don't know? So again, what do we know? Pinks run on rumors and sell on facts. Hopefully this will run on facts one day because it sure seems nobody is buying the rumors anymore despite how hard some work getting rumors out there.
I do think some insightful news is coming though, otherwise I think WL cornered this company in a hole it might not get out of.
Just one man's opinion. I'm just looking for a reason why the pps is so low with a company with so much supposedly going for it. Hopefully by the time WL gets around to letting us know what is up, we will all be rewarded for the foresight. Who knows. I look forward to the underhanded immature e-mails about to flood my inbox...now...Attack!
Brad
That would make my freaking week if Zecco allows for trading of this again.
The potential is here. Not too sure about the likelihood though. Having said that, things do seem to be falling into place.
"Believe those who are seeking the truth. Doubt those who find it." - Andre' Gide.
Brad
Dang. I was really hoping that WL would finally allow the shareholders to know what was going on this morning at 9:00 with a 1 sentence standard vague PR. Now I'll get my hopes up for 9:30 I suppose. Then, just wait until tomorrow...then Wednesday...then Thursday, then next week, then next month, etc.
Brad
I literally just laughed out loud. I hope wherever he is, he has hemroids.
Brad
Thank you for the reply. I am well aware of the investors forum. one message board that is devoted to bashing and/or pumping MMTE is enough for me. These chips can fall where they may. Besides "When the quarrel over water reaches its highest pitch - A sudden rain".
Brad
I found this post interesting from your history.
_______________________________________________________________
Rockyracoon Share Friday, January 27, 2012 9:23:27 AM
Re: None Post # of 93731
Going forward, my DD on MMTE will only be found "IF" you know where to look.
_______________________________________________________________
So what happened?
Brad
How do you know? I do not have an L2. I'm just going by reading and google searches.
Brad
My take on this, at least according to this website/article is that some a-hole market makers place huge bids like the some odd million that was there this afternoon, in an attempt to get people to buy or sell to move the stock with never having any intention of actually executing that large bid, unless of course they get caught. Just food for thought I guess. I don't know near enoug about the games MM's play. Some of these tacticts described in that article seem to happen with MMTE pretty frequently. It seems on the low volume day like today, the market makers were just simply trying to make a market for people to trade and nobody took the bait.
Brad
A long but interesting read as seen from stockalyzing.com. What do you think? This is in regards to the recent postings of a large order.
Brad
"Tricks and Deception
Although watching the level 2 can tell you a lot about what is happening, there is also a lot of deception. Here are a few of the most common tricks played by Market Makers. It’s not easy to tell when these methods are applicable and when there is no real pattern:
Market makers can hide their order sizes by placing small orders and updating them whenever they get a fill. They do this in order to unload or pick up a large order without tipping off other traders and scaring them away. After all, nobody is going to attempt to push through a 500,000 share resistance, but if a persistent 10,000 share resistance is there, traders may still think it is a beatable barrier.
Market makers also occasionally try to deceive other traders using their order sizes and timing. These types of orders are called NITBB or NITSO (No Intention to Buy Bid or No Intention to Sell Offer). When using this technique, the market participant displays a huge size greatly exceeding all others seen on Level 2. Most often it’s done in order to provoke traders to move in the opposite direction, as they are trying to undercut this big size or to get in or out “front running” this size.
Example: If some player wants to accumulate shares at $5.90 while the market is at $5.98 x 10, he can try and display a huge size at $6.02, spooking traders into selling. Meanwhile our player places a bid for small shares at $5.90 with a reserve order for the amount of shares he needs, thus absorbing the selling. When he is done buying, he cancels his sell order. Of course this technique could now be used to propel the stock up. If a quick profit was the original intention of our player, he can do just that by selling his accumulated shares at a higher price. More often, this technique is used simply to accumulate shares when building big position. Needless to say, this can be done only on thinly traded issues – an attempt to do something like this on AAPL will be doomed. This also carries a certain risk – there could be someone attracted by big size to initiate or liquidate his position, and if that happens, our player will be stuck with big position against his original intention.A trader can try and use this situation for a scalp in the opposite direction, buying when the accumulation is done and big intimidating size disappears.
A variation of this technique would be to drive a stock to a certain price level by following it with a bid or an offer which stays slightly away from the inside market and chases it as a price moves. If a stock trades at $5.98 x 10 and our player wants it at, say $6.20 to start unloading his position or for whatever reason, he displays big size at $5.93 for instance, and trails it higher as a stock moves higher but stays behind the best bid all the time.In both cases such a “fake” order is usually easy to spot given two signs. Firstly, such an order most often stays slightly away from the inside market. Secondly, if some trades are executed against this order, it usually disappears immediately.
Using big order size for attraction is a directly opposite scenario. When a player has a big position to sell and he senses some buyers are looking for a size to buy, he can try and display big size in order to attract a buyer by opportunity to build his position in a single hit. This involves differentiation between this situation and the one we described earlier, when appearance of a big size will spook traders. An experienced trader working big orders usually possesses such skill (although he won’t be guarantied from mistakes of course).A trader can use this situation as an indication of some institutional interest in a stock. Considering that big institutional firms use a much longer time frame, there is no guarantee that a stock is going to move right away, but it’s worth keeping an eye on for signs of movement starting.
There are cases when a big player interested in a stock, builds his position as a stock moves. There is already interest in a stock aside from his interest, maybe as a result of some news event. Trying to get as much shares as possible at more favorable prices, our player can apply combinations of methods described above. The player will show big sizes trying to cap the movement and provoke pullback which he will be using to accumulate more shares. The player will have to be very careful to avoid being “steamrolled’ by hot buying. As he maneuvers, his movements sometimes can be read. This is dangerous and fast game, for our player as well as for a trader that tries to utilize his moves. If he is using ECNs to mask his identity, this becomes even more of an art. Used in conjunction with chart reading, these observations can provide additional clues for timely entry and exit.
Market makers can also hide their actions by trading through ECNs. Remember, ECNs can be used by anyone, so it is often difficult to tell whether large ECN orders are retail or institutional."
That's a good question. I would hope it means MMTE would be grandfathered in but I really don't know since there has been zero communcation so far regarding all this.
Brad
In my opinion, MMTE is the smallest dog on the block trying to bark loud enough to attract attention to get a treat from a neighbor so it shuts up.
Brad
It was pointed out to me that a company will be able to mine already if they are in possession of land as it is. Since this board mostly agrees that MMTE does in fact have land, they will then be able to mine. I think this board also mostly agree that MMTE will never mine. A medium to larger company not successful in winning a contract or trying to find a cheaper alternative could merge/jv/takeover MMTE and then therefore be able to mine the land that MMTE has the rights too. Again, not sure, just throwing out idea's.
Brad
Very intersting, thanks for the picture. Hopefully you aren't traveling over the midwest, there's a blizzard in the air. Have a good flight
Brad
I'm by no way a business guy, but something like this just seems the most logical way. I find it interesting that they still get 15% residual (finders fee) after the fact -if I'm reading that right. In this case, if Lieberman actually decided to do something with MMTE instead of hoping for a buyout/merger, he would have business income to pursue other ventures and enough of it to actually make some noise. At least, that was my take-away, whatever the future course may be.
Brad
From what very limited and little digging I have done on Medinah, I think they are a Gold, Silver, and Copper company.
"The company’s assets consist primarily in high-grade deposits of gold, silver, copper and molybdenum (moly)." as taken from their website.
Their share structure is a stark difference also, which would really dictate how much this stock reacts to similar news.
Market Value: $52,713,780 as of Jan 06, 2012
• Shares Outstanding: 712,348,385 as of Oct 21, 2011
• Float: 418,630,209 as of Mar 31, 2008
• Authorized Shares: 1,500,000,000 as of Sep 30, 2011
*as taken from their page. Those dates seem pretty old though and I would imagine things have since changed, but I'm not sure.
Either way, it gives a great glimpse of a possible outcome with all this. Thanks Jack for the insight.
Brad
Jack, thank you for the reply. We are on the same page regarding missing info. Like yourself and a few others, I have been around MMTE for a while. I for one of many, am happy to see things finally coming together and show signs of turning the corner. As made painfully obvious, Lieberman is a very calculated person. His business patterns prove themselves (take that for what you will). Again, being in this stock for a while, I am well aware of your business with Lieberman as well, to the point of what cards you have shown yourself by posting that information. With that being said, it's always encouraging to see you post.
Brad
I think that is the point several are trying to make. However when posts pop up predicting and giving timeframes of the predictions based on "research", it's annoying, misleading, and manipulating. As proven by actual numbers, there is no exact time frame, they tend to happen whenever WL darn well feels like it. I fully believe you know this more than most. However, some members need to be calmed down a little bit.
Brad
I agree, a PR mentioning this development would have created a concrete link between the two without having to continually make assumptions. It would show MMTE is ready for the next step other than shareholders sitting back hoping. Missed opportunity is right. The day is still young though, and there is always next week...
Brad