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This information is meant not for the fully decided people on this board. I mean no offense, nor advice. This is a question. I know from previous private email that there are still investors that are interested in an ongoing discussion about facts. I request that people don't rush to judgement. Stay calm--- with the facts.
As is stated on this board and the MMTE's website under Management Team section, Mr. Lieberman is directly related to Trilliant's past--- he use to be president. There is newer information surfaced on a most recent Trilliant 8K/A recieved May 16, 2011 for a period ending February 8th 2011. Mr. Lieberman officially resigned as President after Feb 01 on March 1, 2011.
The 8K/A states to the fact that they let go of their official accounting firm because they could not pay them (quoted below), and secondly because a major transaction was brought into question (also quoted below)
My question is how does a company that Mr. Lieberman states has:
"Mr. Lieberman is the former President of Trilliant Exploration Corp., a gold mining operation with assets in southern Ecuador and nearly 200 employees in full scale mining production with reserves of nearly 1.2 million oz." not have the assets to pay their accountant?
And my other question is what is the significant transaction called into question?
I am looking for explanations, not judgments--- I am looking to keep an open mind. I am presently long on this company with no intention to invest anything more until verifiable facts of achievement come to light.
Quoted from 8K/A
SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS
ITEM 4.01 CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT
Trilliant Exploration Corporation, a Nevada corporation (the “Company”) accepted the resignation of Child, Van Wagoner & Bradshaw, PLLC (“CVB”) effective February 8, 2011. The decision to accept the resignation of its principal independent registered public accounting firm was based upon the fact that the Company was unable to pay to CVB audit and review fees due and owing. Further CVB have withdrawn their opinion on the fiscal year 2009 based on subsequently obtained information that called a significant transaction into question.
The decision to accept the resignation of its principal independent registered public accounting firm has been approved by the Company’s board of directors. The Company will be discussing with CVB a resolution to such issues.
As indicated above, the report of CVB on the Company’s financial statements for the fiscal year ended December 31, 2009 was withdrawn as a result of subsequently obtained information that called a significant transaction into question. During the Company’s fiscal year ended December 31, 2009, and during the subsequent period through to the date of CVB’s resignation, there were no disagreements between the Company and CVB, whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of CVB, would have caused CVB to make reference thereto in its report on the Company’s audited financial statements.
The Company has provided CVB with a copy of this Current Report on Form 8-K and CVB has included a letter responding to such comments as exhbit 16.1.
ITEM 4.02 NON RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT REPORT OF COMPLETED INTERIM REVIEW
On approximately February 8, 2010, the Board of Directors of Trilliant Exploration Corporation, a Nevada corporation (the “Company”), was advised by its independent public accountants, Child, Van Wagoner & Bradshaw, PLLC (“CVB”). that its financial statements reviewed and/or audited by its prior independent public accountant, for the quarters referenced below as filed (collectively, the “Financial Statements”) with the Securities and Exchange Commission could not be relied upon since a significant transaction was called into question.
Period Ended
Form
Date Filed with SEC
December 31, 2009
10-K
April 16, 2010
June 30, 2010
10-Q
August 23, 2010
September 30, 2010
10-Q
November 24, 2010
Subsequently, the company is working with its new auditors to confirm all filings below and to confirm all such transactions.
The Company will file all amendments to its Form 10-Qs and Form 10-K for the periods referenced above restating its Financial Statements and including either reviewed or audited financial statements.
When you speak of people seeing the company for what it is--- what do you base your belief on? Trust of Lieberman? Hope? Lithium Market potential? The Group Spirit? The fact that money has been made with this stock?
This may be helpful in the future. This site has maps that show land holdings of mining operations. You can search for companies by name. The link is for the Maricunga area.
Mine Maps
I am presenting this as a tool.
This next link is to the local paper of Copapio. I have sent an email asking for a list of all known mining operations or concerns in the area.
Copiapo Paper
My major purpose of this board is to collaborate with people that are trying to find verifiable second party proof of the MMTE's stated claims or their outside involvements. My search goes on.
KGEM, any thoughts on this statement in the report?
Was the Ayuda Fund and Bello reference from the newest financial report?
And thank you both for your active interest.
insert-text-here
This is a link to a local paper. It brings you up to the official bulletin board of the Minera. (mineral). I believe that there are several such publications or organizations that talk about the regions investing or opportunities.
Another is http://www.signumbox.com/corporate-profile/
Respectively, the way to handle this would be for the law firm to post their own press release regarding the excitement and amazing investor excitement. Or have they done this? I would believe this to be great news.
Its interesting news that caller excitement would kill a deal worth millions and millions of dollars (as everyone suggests). Is that deal that fragile? where anyone knows calls and emails pass in a couple of days. Sounds like making investor concern responsible for the making and breaking of a deal interesting. Now I shouldn't do courteous due diligence because I am going to shut the deal down? Perhaps MMTE needs to rethink their investor relations. Investors want verification of these large claims. Is that asking too much? Give me another avenue? I am trying to contact the local paper in the buying region. And I am trying to find a chamber of commerce like organization down there that seem oriented toward mineral exploits. I have not contacted the law office.
Help me here? Your want investors to put out their hard earned money and you tell them that investor DD like an email or a call is going to close the deal down? I still need greater authentication and achievement before I invest for the fundamentals of this company. And it doesn't mean I don't have a place here. I know you need for people to be cautious, don't rock the boat.
Proactively---- MMTE IR should know that when they make a claim or generate news they should create a convenient and verifiable avenue for investors. Again I don't know what the truth is. Any of these thoughts are not a suggestion to buy or sell stock.
We should think about our own emotions--- if we get afraid about a discussion like this then maybe we have invested way over our head and before we should of. This is a discussion about investor relations. These are my opinions only.
Calm is good.
URL for paper in the town of Copiapó
I am working on making some contact.
I share this sentiment stevejs... until there is something accomplished in a verifiable and concrete way this stock is all sentiment. It is refreshing to have someone speak up and try to bring light to this stock--- both pro and con.
Junebug,
Truly you don't who mislead whom. Think about it. We don't know who any board members really are. We don't know if company people are actually poising as board members. You appear to be a very trusting person. This stock has been the biggest education for me. I don't know what the truth is. I just know there is not a healthy level of skepticism in some of the story telling about this stock. And if you truly dig into the history of the companies that Lieberman has run there is no lasting bankable achievement. Go into Fox, go into Trilliant... read the SEC information. Look at debt acquisition and ask why? Find your own conclusion.
MMTEs pattern includes numerous stock promotions. And as we put our good money in there is this amazing selling resistance near the top. Then it floats down and there is this big cheering section to keep everyone believing that is this amazing opportunity. And news comes when stock price is falling. And more promotions. If you learn how to shadow the market makers that is where the money is made.... but that is not about believing in a company... that is about getting their game.
My opinion...
If you go to stockpromoters.com they list promotions by symbol. You will see numerous paid promotions for this stock interestingly over the course of the runups since January.
Read the last SEC report for MMTE... be careful and read how many shares the CEO had in Dec 2010 (in the table) and then compare to how many he has most recently. That will be found in a separate statement. You tell me what the difference is and then explain why?
While Lithium is a big deal I don't understand why MMTE is considered valuable. No revenues. Is it147,ooo dollars in raised capital? If you trace the CEO's history at Trilliant the land deal he talks about ended up in default? I have asked the board for clarification on this but no one seems to either care or folks don't know. Go into SEC filings for Trilliant and they talk about the land purchase and they talk about the default. I bring this up because on the MMTE website the CEO uses a Trilliant reference as his a reference to his capital raising skills and then talks about Trilliant still holding this company? If I am wrong I invite people to clarify this. Is there another company that Trilliant owns that makes sense of Lieberman's claim? I want a name. Open now. Running. That Trilliant owns. Help me board.
I am suspect because of the continuous Lieberman language to infer promises about these big events but they are always moved back. Why keep telling us? Better to build on accomplishments I say. Technically when the stock moves the runups into the .003's are met with heavy selling from where?
I own some MMTE stock. I am cynical. I am open about that. I have learned to be cynical for good reasons. I am not out to bash this company.
As I think about Lithium I keep this in mind... don't know how this is going to play out.... supposedly Toyota wants a different battery than Lithium... Magnesium works longer and is controlled by less people. Read the article....
Toyota Magnesium Battery
Does anyone here live in NYC? If you do you could go down and talk to our esteemed CEO. Take a video and post it on YouTUbe? Ask for one business contact or reference in Chile. This is not rocket science. Investors own this company.
Has anyone written about these stock promotions found out stockpromoters.com? If so... sorry ... been out of the loop.
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
StockPlaysOnline
03/31/2011
End of Day: Close: 0.0028 Volume: -13
Change: 0.002859 % Change: -0.0004
3 Month : High/Low: 0.0038 / 0.0003 Volume 3m : 85,748,535
Compensation: StockPlaysOnline LLC has not been compensated for the content of this message
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
OTC Reporter
3/30/2011
End of Day: Close: 0.0032 Volume: -16
Change: 0.003483 % Change: -0.0006
3 Month : High/Low: 0.0038 / 0.0003 Volume 3m : 85,937,451
Compensation: none listed
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
OTC Reporter
3/30/2011
End of Day: Close: 0.0032 Volume: -16
Change: 0.003483 % Change: -0.0006
3 Month : High/Low: 0.0038 / 0.0003 Volume 3m : 85,937,451
Compensation: twenty-five thousand dollars from a non-affiliate third party shareholder.
I have a question. How can the CEO release material information about a company without it being a full wide release? Are CEO's allowed to cherry pick who gets information and who does not? Like to this forum or that... but not as a market release. I must be really naive about these things.
I find it interesting that the increase in shares was first noted when the Nevada business license was paid and MMTE moved from default to active status just recently. We don't know when these shares were made-- to be legal they probably had to be reported for the updated business filing. Or I'm I missing something here?
Interesting all the stock promotions found on MMTE. And these are in just the past 1-2 months. I am sure there are good explanations for all of these. A good company like MMTE deserves to do a promotion just when there is an important PR anticipated.
[url]stockpromoters.com/view-stock-promotions-by-symbol.aspx
[/url][tag]insert-text-here[/tag]
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
OTC Reporter
3/30/2011
End of Day: Close: 0.0032 Volume: -16
Change: 0.003483 % Change: -0.0006
3 Month : High/Low: 0.0038 / 0.0003 Volume 3m : 85,937,451
Compensation: none listed
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
Wise Alerts
3/11/2011
End of Day: Close: 0.0024 Volume: 94,893,620
Change: 0.0004 % Change: 20
3 Month : High/Low: 0.0033 / 0.0003 Volume 3m : 90,655,897
Compensation: $12,000 on MMTE services
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
Wise Alerts
2/28/2011
End of Day: Close: 0.0032 Volume: 168,521,494
Change: 0.0002 % Change: 6.667
3 Month : High/Low: 0.0032 / 0.0003 Volume 3m : 84,126,544
Compensation: none listed
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
First Alert Financial
2/11/2011
End of Day: Close: 0.0027 Volume: 274,781,716
Change: 0.0003 % Change: 12.5
3 Month : High/Low: 0.0027 / 0.0003 Volume 3m : 60,897,313
Compensation: Wise Alerts LLC has been compensated for one week of coverage by a third party $12,000
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
OTC Picks Publisher
2/11/2011
End of Day: Close: 0.0027 Volume: 274,781,716
Change: 0.0003 % Change: 12.5
3 Month : High/Low: 0.0027 / 0.0003 Volume 3m : 60,897,313
Compensation: None
Company: Mammoth Energy Group Inc New ( MMTE ) Promoter:
OTC Reporter
2/10/2011
End of Day: Close: 0.0024 Volume: 165,631,906
Change: 0.0007 % Change: 41.176
3 Month : High/Low: 0.0024 / 0.0003 Volume 3m : 56,707,739
Compensation: twenty-five thousand dollars from a third party shareholder of Mammoth Energy Group
Sorry to bring this up but.... Another question. When you go to the current Mammoth Energy Website and look under Management Team you see the past history of Mr. Lieberman and it writes about being a past president history of Trilliant Exploration
Nevada State Default Issue: MMTE
Only because my credibility has been brought into question I will revisit this issue. I think I learned how to make a link.
Neveda Business License: MMTE
If this link does not work then I suggest interested investors to call the secretary of state's office 775-684-5708. or do a google search under Neveda Secretary State Business Entity Search. MMTE's index number is 0000822655. Their Nevada Business number is: NV20061516328. Or enter in Mammoth Energy.
I don't profess to know the ramifications of a DEFAULT status. I can only tell you what I found and what the response from Nevada Secretary of State is. Is being in default a trivial matter? Don't know. I thought the spirit of this board was to help investors make informed decisions. I would love to see MMTE succeed. If a company is in business default then this needs to be put in the DD BOX everyone refers to until it is corrected. Wouldn't you think? Doesn't someone need to explain this formally? The email sent to me from the Nevada State Secretary's office was in my previous message.
That is a copy and paste from the page from their website.
MAMMOTH ENERGY GROUP, INC.
Business Entity Information
Status: Default File Date: 2/27/2006
Type: Domestic Corporation Entity Number: E0139932006-7
Qualifying State: NV List of Officers Due: 2/28/2011
Managed By: Expiration Date:
NV Business ID: NV20061516328 Business License Exp: 2/28/2011
This is all I care to comment on this. Investors need to make up there own mind.
Default Status Reply from Nevada
Two days ago I posted that MMTE had a DEFAULT corporation status on the Nevada Secretary of State website.
This information was easily found at:
insert-text-here
I wasn't sure what DEFAULT status meant so I emailed the Secretary of State and asked what DEFAULT meant in regards to MMTE. Today I got an answer back from Alicia Coats from the customer service division of the Secretary of State of Neveda. I believe it was a form response because it spoke to me as though I had missed a filing date. But here it is:
Default Status Reply from Nevada
Two days ago I posted that MMTE had a DEFAULT corporation status on the Nevada Secretary of State website.
This information was easily found at:
insert-text-here
I wasn't sure what DEFAULT status meant so I emailed the Secretary of State and asked what DEFAULT meant in regards to MMTE. Today I got an answer back from Alicia Coats from the customer service division of the Secretary of State of Neveda. I believe it was a form response because it spoke to me as though I had missed a filing date. But here it is:
be very careful in this board. The interest is in promoting the idea that MMTE price stock is going to fly.
For those that are interested I have sent a correspondence to the Nevada Secretary of State requesting information on the default status that shows up for MMTE on their state board. I will pass that on when I get it.
insert-text-here
Also I recently have received a private message stating my questions are considered rehash and that I should consult the DD first. Has anyone received a direct answer from the Nevada Secretary on the default manner? Does anyone have an interest in this? Since the topic of convertible debt has come up? Has anyone asked what type of bonds are being offered? What firm is handling the bonds? What is the parity rate of the bonds? What factor of dilution for our equity will this mean for investors? Are the mandatory exchangeables? Important investment questions--- when answered it can speak to the health of the company.
I believe this shows where Mammoth Energy is organized. From their own lawyer.
September 30, 2010
Pink OTC Markets, Inc.
304 Hudson Street
Second Floor New York, New York 10013
Re: Mammoth Energy Group Inc. – MMTE.PK
Sufficiency of Adequate Current Information
To Whom It May Concern:
Please be advised that I am securities counsel for Mammoth Energy Group Inc., a
corporation organized under the laws of the State of Nevada (the “Issuer”).
Can someone briefly explain what a share locked float is?
Thank you for your thoughtful response.
What does this mean for us? Two resignations and one delisting with Lieberman at the helm. And what is Rule 15c2-11 anyway?
insert-text-here
Trilliant Exploration Corporation Announces Management Changes
03/1/2011
Trilliant Exploration Corporation announced that effective on March 1, 2011, the Board of Directors of the corporation accepted the resignation of William Robert Lieberman as the President/Chief Executive Officer, the Treasurer/Chief Financial Officer and a Director of the company. Effective on March 1, 2011, the Board of Directors of the company accepted the consent of James Molloy to act as the President/Chief Executive Officer and Treasurer/Chief Financial Officer and a member of the Board of Directors of the company.
Trilliant Exploration Corporation Deleted From OTCBB
02/22/2011
Trilliant Exploration Corporations common stock has been deleted from OTC Bulletin Board (OTCBB) effective February 22, 2011 on account of its failure to comply with Rule 15c2-11.
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS
Effective on March 1, 2011, the Board of Directors of Fox Petroleum Corporation, a Nevada corporation (the "Company") accepted the resignation of William Robert Lieberman the President and Director of the Company. Effective on March 1, 2011, the Board of Directors of the Company accepted the resignation of William Lieberman as the President/Chief Executive Officer and a Director of the Company.
How do folks feel about decreased volume on the up?
I understand the concept of spending money to make money. I wonder if I was trying to promote a solid bankable revolutionizing concept--- do I gunshot the market with expensive advertising and promotion or do I watch my treasure chest and meet with industry heavy weights to get on board with someone? Advertisement in industry journals, meet with engineer specialists, bring on consultants--- Someone needs to really sell me on this concept of making such heavy promotion---- giving stock to a promoter is a pretty interesting incentive to jazz the market and make it worth what ever you can.
What I am learning about the penny market is that more money is made and loss on perceptions--- whether true or not. I just worry when the fundamentals don't support the price highs, and how vulnerable that makes the investors. What I need is validation. I am not cheering for a football team I am trying to understand potentials and management intent. I want to know bankable facts.
Anyone of us third party investors can buy up a ton of stock and then shell out 100 grand to pump the stock. I am just a naive fish in this game.
http://stockpromoters.com/view-stock-promotions-by-symbol.aspx
Have you seen CABN's promotion recently. 02/09/2011
I checked one regional newspaper in the claim region and was not lucky. I would think that a local paper would write about an invasion of American interest. Perhaps someone else will get lucky.
http://www.chanarcillo.cl/
I called MMTE and was automatically put to voice mail. I sent an email to the president requesting a business contact that could help define the business relationships down there.
DD issue: Has anyone checked out the regional newspapers in CHile--- and found a mention of MMTE?
When I read that Aslam left I wondered why? And also the more serious question was about the patent issue. The Hotstocked article said they had been denied their patent. In the past month or so I called the company and talked to a woman that answered the phone. The president was not around. I raised the question about the patent... I stressed that without the patent that changes the fundamentals dramatically. She claimed to not have heard about a patent problem. She made a point to tell me that she wasn't telling me anything one way or another. She said the president would be interested in talking to me. Never got a call--- which does not surprise. She said they were excited about what they were doing there.
From an 8-K filing Nov 2010
Item 8.01 Other Events.
On November 24, 2010, Carbon Sciences, Inc., a Nevada corporation (the “Company”), disclosed that a search of industry literature undertaken to file a patent to protect its most recent development of catalysts for transforming greenhouse gases into gasoline revealed that similar research and development has been published by others in the field. As a result, the Company intends to modify its development efforts in such a way that its work can be patent protected.
My struggle with CABN is that with Aslam gone and no patent--- he could go anywhere and push the process? And they are left with a one engineer to revolutionize energy for the world?
I want CABN to work. If I had something that huge I think money would be pouring from the heavens by now?
Has the CEO promised news in the past? I wonder how much this support is riding on waiting for the news.