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It is commonly known that any lawsuit is going to affect a company in some way. Whether it is a short or long term affect is up for discussion and personal opinion; however, the affect is obvious!
If MMTE is legit it may be an intentional drop in PPS for no other purpose than being cautious regarding the outcome of the lawsuit. The flip side of this is the drop in PPS is due to the lawsuit and the huge amount of selling that has been seen (almost endless amount of shares being sold).
That is certainly one opinion about MMTE. In many fully open minded opinions of MMTE it is a bit more in depth and much more sophisticated than being simply black and white.
To say there are nothing but positives is equivalent to stating MMTE has not increased the O/S and PPS has increased significantly.
Rich would be nice but breaking even would be absolutely wonderful!
Negativity will always surround each and every pink - there is a tremendous amount of negativity that currently surrounds MMTE.
As DiiDii previously stated - look at things with eyes wide open and you will see a clear picture!
In regards to best decision - only time will tell.
A lot of people are here because they are currently holding at significantly red levels.
At this point it ultimately depends on how one feels about MMTE. There is some reason the PPS is dropping - it may be a combination of factors.
You also have to keep in mind that MMTE does not have any concessions, CLIL does.
One must consider that prior to the land acquisitions and subsidiary announcement the PPS peaked and has only went lower with each and every single PR/Financial filing.
If one considers MMTE to be legit it could be somehow due to the lawsuit - basically if there is some basis to the suit there could be a push to keep the PPS low until the suit is resolved.
I think the point is being missed - dilution has various definitions! It is not just the company issuing shares and selling on the market.
I will be thrilled once this makes a positive turn in PPS.
At some point in the future I would love for you to be able to tell me "I told you so..."!
In terms of the present all research can be read in multiple ways by multiple people. One person may see it as something negative, another may see it positive and yet another may see it as something marginal that could go either way.
That is why I asked which definition of dilution you wanted to use.
You have a great evening as well! It will be interesting to see what MMTE will do in the coming days, weeks and months.
The eyes wide open is an excellent point - there is certainly not enough people looking at things with open eyes!
I've been curious about those swan songs as well - maybe one day we will really learn the truth about those!
I doubt many people will depart with a loss - I bet we will see much more activity to recover losses.
What we have here is an increased O/S with a significantly reduced PPS! Which definition of dilution would you like to use?
The statement from Brian was that a media blitz would be coming but MMTE was not paying for it - it was being paid by a third party.
Do I expect them to do it for free - absolutely not!
Do I expect MMTE to do the actual media blitz - absolutely not!
But what I do expect is the information obtained from MMTE be reliable and trustworthy. So that can only mean either Brian was not accurate when he stated MMTE was not paying for it OR there are 2 media blitz's coming.
Brian stated multiple times there is no dilution and no shares have recently become unrestricted. William stated no dilution near the end of March. All of these are the facts as presented by MMTE. What we now know is the information obtained from the quarterly.
So which fact is a fact? Brian/Liebs prior comments or the items listed in the quarterly?
That is always one possibility and maybe one day will we find out for sure.
Why would they pay for the media blitz and then claim they did not and have no involvement in it?
Technically MMTE does not have any land; they have concessions through CLIL.
That is correct - Brian previously stated that MMTE would not be involved in this media blitz it was being done by a third party. So is that still the case? If so why did MMTE have a large sum involved in the promotion?
I think any new investors should watch this before entering - why buy now if in 2 weeks it drops to the next low?
We have seen a consistent decline - that cannot be argued since charts prove it.
We have seen some stability along the way down - flat lines and then drops again.
We have not seen any significant increase during this consistent decline.
Excellent idea - but I think I would wait until tomorrow to see what happens.
I also question "very low volume"? How so?
That is very likely the complete truth - this has become another pink play! Nothing wrong with playing it because I do believe we will see a bounce.
Honest question here - what benefit do they have by waiting until the end of the suit?
Well considering there have been a series of PRs and with each PR the PPS drops tells you something. I would not say that MMTE is a pump and dump because it never technically gets pumped; however, I think we have seen where a fair number of shares are coming from. We know Brian has lied, Liebs stated no dilution in March - but April-June is a different story now isn't it.
Maybe we have yet to see the pump - it may be coming if that is where the money went last quarter.
I think considering we are at 8 now, selling at 9 was a wise move. If you think it was a poor decision you can repurchase and continue to hold and hope things begin moving north rather than further south.
That is an interesting post - sounds like the typical stinky pinky comment. We have a multi-million dollar financier that is paying for everything. Give it 3 months and the next comment will be "we didn't care for their expectations and have cancelled all arrangements with them."
Shareholder value? Really?! Last time I looked we were on a downhill slide with 0001 at the end of the slope.
This is one of the most honest posts I have seen in some time. I think the truth is now coming out. I think everyone will really begin seeing more of the truth over the coming months.
I thought Liebs traveled during this quarter? I spend more than $189 in my weekly travels - actually I spend closer to $350 in my standard weekly travels. So for Liebs to spend $189 for a quarter is next to nothing.
I think there are a lot of things here that don't look so hot! I'm beginning to think we have already seen the glory days here!
Absolutely! We had to wait 3 months for the number of shares to come out. In terms of here it is always next month, next quarter, etc.
It all depends on whether you believe the documentation with the lawsuit filed by the Plaintiff. If so then Izzy got Liebs the position at MMTE and Liebs went back to the old management for financing.
There are other sources indicating that Liebs and Overcash had a minor overlap in management of the company.
I think the lawsuit could be settled during the preliminary hearing. It will be interesting to find out what does or does not happen on 1 September.
That is the one aspect that I have not found a good answer to - how did Liebs run across Brian and what is the connection there? I am certain there is some connection but I have not found it.
Well the possibility is certainly there - he has been surrounded by con-men for quite some time.
Not only did Brian lie to many people on this board about dilution but there is information directly from Lieberman that states no dilution...but I cannot recall the exact date. It could have possibly been before anything started.
I have averaged down - but it seems like each time I think we are at a bottom we continue to sink lower. I know we are holding at 9/10 right now but will not buy again until I see a more positive upward movement. I'm curious how the general market will take this latest filing - I will keep my eyes open tomorrow to see what happens.
I think several people have lost money with this. There are a few that have been here since the original 000's but I must say based on this recent development I expect to see mid 000's again.
Primarily due to the issues with Brian (and miscommunication between Brian and WL) I do not believe in this anymore. I would like to think the land deals and other aspects are in fact true.
In my mind there is acceptable dilution (if it is to purchase more land) but it should have been openly discussed. There have been several comments from WL and Brian in terms of NO DILUTION! It is documented, dated, etc from many people.
I hope at some point my faith can be restored in MMTE but it's just not there right now.
I wonder if it could be the prior debts (investors) that are connected to the past management. Wonder if maybe this is where the debt conversion comes into play?
That's right 325,082,667 common shares issued! I think this helps explain a few things.
I about fell out of my chair when I read there were 325+ Million shares issued as settlement of outstanding debt. Very very interesting!
I'm thinking Brian's salary but I could be wrong.
So now it appears Brian was not truthful in regards to shares so it opens up the question - "What else has he been untruthful about?"
Very interesting question - "Who is financing the ongoing progress?"
Maybe the Plaintiff was correct about MMTE!