Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Unfortunately based on the track record of the other shells it doesn't seem promising but I do believe this will turn into a good play in the coming months.
I believe the 'potential future miner of lithium' is not a valid argument of this position.
There are a few people on here buying 3s and 4s - one individual posted just a few posts ago. And although I am not a believer in MMTE I am a believer in the soon to be pump that will occur. With that said I have been buying 3s when I can get them. Some brokers seem to be much faster at filling 3s!
I was unable to pick up any through Etrade today but did have a standing order at 3.
My understanding is they are not being sold yet but the time frame is around February is my understanding.
I couldn't agree more on every account. I believe it will be a great play very soon and it is certainly time to load up.
There has been tremendously more than just $30 in shares received at 3s. I would not waste my time speaking about it if I had just received $30. Sorry!
I think at these low levels it is an excellent time to purchase. Whether it be 2.5 or 10 or 50 million - one will appreciate buying at these levels.
Liebs did this before and I am sure this is nothing to get excited about. Maybe this time he will not go back to the other location but I doubt it.
The same hopes were given the last time he dropped the other location but in days he went straight back.
Sorry but that is not true - I have statements to back up the fact that I did in fact get 3s!
I had 3s go through with both Etrade and Fidelity.
Maybe Monday I can pick up some more 3s! If not I'm still pretty happy with the 3s I have managed to get so far today.
Yes - there were 3s purchased today - even if they were listed as sells...they were in fact buys.
I will certainly agree that loading is occurring - I have picked up 3s today and now have more pending at 3.
I certainly agree with most of your post - settlement shares are not being sold yet, shorting could be a possibility, and a paid promo is almost a definite.
Here is another piece of the puzzle - the 3rd party promo that Liebs discussed - think about it.
Maybe 2nd Q will be too late but for that one we will have to agree to disagree. Regardless though I have purchased more at 3 and will look forward to 1st and 2nd Q of next year.
The information that NOS just posted is exactly the way I understand it.
The group that received the settlement shares are far more seasoned and in it for far more money than just what can be obtained at the current PPS levels.
Selling of Settlement Shares:
Here is an excellent point in terms of the selling of settlement shares - How is it possible to put those shares in to a brokerage account so fast considering the shares were just VERY recently awarded? The shares may be delivered but they are certainly not being sold this quickly! The Plaintiffs know the stock has a potential to go higher so again, why would they sell now even if they could?
I have picked up quite a few 3s so far this morning.
The confirmation will very likely come as I have anticipated - 2nd quarter of next year.
In terms of chasing it - not at all, it will never happen!
I have acknowledged the positives but I also am not blindly following like some.
You are correct - it is good in MMTE land. History repeats itself.
I can certainly agree - the "in the know" individuals have not served jail time.
drews it is just one excuse after another - through the MMTE 2011 history it has been the same story. Just one excuse after another and we continue to see it and are expected to believe that it is in fact the settlement shares that are causing this problem when anyone with even a slight amount of intelligence knows we have been on a downhill slide since earlier this year.
Undoubtedly this is a very good way at avoiding answering the question which tells me it is all blatant blind following the blind. The method of answering a question with a question is far from appropriate and is only used when one does not have an adequate answer!
Just so that I cannot be accused of the same - I have asked the question to select "in the know" individuals and have received a very consistent answer. Since this answer is consistent I can say that it is my understanding the settlement shares cannot be sold yet!
Then I will ask where is this proof actually coming from?
I have a pretty good indication it is not the settlement shares that are being sold.
Very interesting thoughts to say the least. I think the best definition of absurd is blindly following and not asking questions.
I can certainly believe that - realistic views will win out with this one.
Pondering the various topics that have been discussed lately is a very good idea!
I doubt the settlement shares will be sold immediately - could be wrong but I highly doubt it.
I agree someone is holding this down and I also agree it has(had) something to do with the lawsuit and the settlement shares but I am not fully convinced it was the Plaintiffs (or at the very least it was not JUST the Plaintiffs involved). I think there are other (much closer) parties involved in this.
Additionally, it is my understanding the number of shares had nothing to do with the current PPS. Again, that is just my understanding.
That is definitely what I am implying - but I hope you are correct because I have a few orders in myself. I think being realistic about things is far better than the koolaide!
I certainly agree and maybe if we get rid of the koolaide that can be done
There are a lot of circles that can be found when looking at MMTE in general, then you throw in Liebs and then Overcash and it is a HUGE Circle!
There was a settlement made so the obvious "thrown out, non issue and non affecting lawsuit" must have been something for MMTE to settle rather than have their day in court.
The settlement was made for shares rather than cash which was probably a better choice for Liebs - the shares from my understanding were very recently received.
Absolutely correct! I guess this year even the slightest move is made out to be something massive for MMTE.
100% Correct and True!
Lieberman and Overcash did everything they said they would - again, history has repeated itself so far (just a different commodity).
Still working hard - the question is hard at what? This simple question will provide the answer to the future of MMTE. More land deals - fine, MMTE has more. The answer needs to be something more definitive that will have a positive impact on the PPS. The land deals have obviously decreased PPS.
Time will tell the future of MMTE - obviously it will either be positive or negative. So far it has certainly been a repeat of history...yes, go back and read the days of Overcash, the oil wells, deals, etc. Maybe Liebs is the one that can break the mold huh?
The whole thing sounds very similar to the old MMTE scam with the oil wells. Maybe we will see things turn around but if not it will be interesting watching history repeat itself.
I think there are a lot of bag holders averaged to around the 15-20 range now, some may be a little lower.
I agree there will be a large amount of people who will sell just to break even since this has already been almost a year of losses and many will be afraid to wait for the profit considering this has been a "just wait it will get better" "it's going to the moon" "just waiting to explode" since it first dropped earlier this year.
I cannot help but to think how interesting it is the end of 2010 and end of 2011 are at the exact same levels. The whole time there has been so much talk about MMTE exploding, uplisting, going to much higher levels, etc etc. So where are we a year later?
searay - you are absolutely correct - if the PPS begins increasing there will be a significant number of people selling along the way to recover losses or to break even. Then there will be quite a few people that will hold some free shares and sell them along the way as well.
If I'm not mistaken when the economy is bad people look to OTC plays to make quick money. The mature markets are the ones that slow down in a bad economy because stable companies do not make quick money and often their PPS drops.
Very interesting article and it is certainly another example that Lithium is not the only battery technology. There are a lot of possibilities out there and only time will tell which one will win.
If the shares are already awarded it just happened last week.
LOL...yep and that "opinion" is just like every other quarter - "wait till next quarter". Guess what happens "next quarter" the PPS drops even lower. Well we are now to the point the PPS cannot possibly drop much lower.
I still believe if Liebs is not 'in bed' with the Plaintiffs the PPS will not increase any time soon.