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.
MMTE could have all the land in Chile and Argentina but if the PPS does not reflect those concessions it doesn't mean a hill of beans!
I must say this is likely one of the best evaluations I have read recently of MMTE!
I certainly agree on almost every account - I don't expect anything from this play through Q2, maybe Q3 of 2012. It is always blamed on something and the next will be the settlement shares awarded to the Plaintiffs. Granted, I also believe this is being intentionally held down at low levels due to the settlement shares and will continue to be low until those shares are mostly sold...OR maybe it will not increase until the shares are awarded. It will say a lot about Liebs and Co if all of a sudden the lawsuit shares are awarded and the PPS jumps significantly!
Yes that is true but at what cost did all of that happen? Hmmm...think about where MMTE was in the first quarter versus where it is today!
I think there is a lot going on behind the scenes and very likely both positive and negative. It is the negative that has hurt and will continue to hurt the PPS. The potential positive could some day outweigh the negative but it will take time.
I very seriously doubt there will be any increase to .03 or .01 in the first quarter of 2012. I think getting back to 30s or 40s would be a MASSIVE goal for this play, nevermind .03!
Maybe if hopes and dreams do come true and the planets align for Liebs and Co this may one day jump to .01 but there is a tremendous amount that must happen before that is even a legitimate thought!
drews if you remember there were some that claimed FXP* was a scam because Renfro was involved (even though Liebs was still involved the claim was he was not involved in it and it was a scam). It has been a Liebs controlled company for quite some time regardless of opinions.
Now in terms of the PPS and promo's - yes the facts are there, pretty obvious that it was being promoted HEAVY within weeks of Renfro being mentioned. So was that Liebs or was that Renfro? Hmmm...I bet nothing happens within any company without Liebs knowing about it and very likely joining in.
Most here have stated it would never go to 5 again - it would never happen and it was completely in the past.
I have a theory as to why it is as low as it is but time will tell.
Realistically MMTE will not increase in PPS until 2 things happen:
1) The settlement shares from the 'non affecting', 'joke' and so many others terms that were used lawsuit are awarded to the Plaintiffs.
2) The source of the large numbers of shares being sold is exhausted.
I assume the statement 'lawsuit will not affect MMTE' has to be some what out the window now correct?
I also assume that whether the lawsuit was a joke or not there was something that caused MMTE to settle - wonder what that could be?
Last post was over 2 months ago and during that time well...looks like this is dead.
I still do not believe MMTE and Liebs are completely legit but will say the concessions are there. That adds some legitimacy to the company and Liebs. I think we can all agree on the fact that 3s, 4s and 5s are great levels to buy at. Regardless of whether this is a legit company it will very likely increase some.
In terms of Liebs all one has to do is research the other companies he has been involved with and his current connections. Rats run with rats, pretty simple. Legit individuals do not operate in the pinks for long, if at all.
Well could be a result of the settlement agreement! Before it was blamed on Overcash but is it still him or his group? Very interesting question!
It is really not Zecco - trust me I went through this in significant depth when it happened with MMT*.
Here is one link where it was combined to include the full story:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63225036
Here is a link showing Penson's policy:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64631146&txt2find=zecco
When I transferred out of Zecco they confirmed they would transfer complete account (and not just pieces). In addition, Zecco charged a fee to the account and Fidelity even transferred that. I had already issued a check to Zecco to close the account and make the transfer faster because Fidelity said they would not transfer the fee.
Just remember it is not a Zecco issue - it is mandated by Penson! Ultimately any brokers that use Penson as clearing will be affected.
I certainly agree Textraw is legitimate - no questions about that.
From what I recall with past dealings with SKG* - Textraw is a legitimate private company that was simply looking to grow their business. The first venture they were tied into Mini moo and it turned out bad. I believe SKG* made the claim of a deal with Busch Properties that I am pretty certain never went through.
It is unfortunate that Textraw is getting pulled into these questionable dealings. I have not looked into ALCL at all but I happened to see another deal involving Textraw and had to question things a little.
This very well may be a good flip but as always with pennies - never play more than you can lose.
I have not seen where charts do much good in terms of any penny stock. The share structure is important but the most important factor for short term gains is how much attention a particular stock can obtain. Realistically the only time charts are important are for the big board stocks (or more mature stocks).
Also TA falls apart when news is thrown into the equation.
I believe it was SKG* that Mina moo was running and had the last Textraw deal.
Trading pennies is a lot like gambling - in most cases the house always wins.
It was about 6 months ago - I did the transfer when MMT* was no longer able to be traded through Penson (which affected Zecco where my account was at that time).
Considering MMT* went through the same issue - non-DTC I would relate that to CWRN.
Not too long ago Textraw was acquired by another company that was managed by Mina moo group and it has since went to no trading.
When I went through the Penson issue with another stock I was involved with (MMT*) I transferred MMT*, other pennies, and CWRN to Fidelity and had no problems.
Since that time I have sold my position of CWRN and have not attempted to buy since then since I am watching what CWRN is going to do.
It is but as I've said for a while now - this can be a very good play. It looks like we are now at that point. The fact we are at 3s again says a lot! It is a pink after all!
I think loading time will be 3s...maybe 2s. I think it is time for another good play!
There is certainly hope that there will be a bounce at least high enough for several to get out positive.
I would disagree in terms of the misinformation - there are facts to back up much of what I have read. I would agree that there is little to support the 'connect the dot' theories.
It could be that some have a vested interest and although facts may indicate one thing there can always be hope.
Misinformation and confusion surrounds the company in numerous arenas. There are a lot of aspects that are considered (or thought of as) illegal but very rarely are certain actions or activities stopped.
At this time there are only 2 avenues:
1) An RS is done which will show obvious proof of where the future goes.
2) Liebs continues forward and actually produces something that will increase the PPS.
Based on the DD that has been established I do not believe that group had the shares to drive it this low for such an extended period of time. All in due time we will see what is to come.
Of course - its all good though.
I recall a heated disagreement regarding the association of Liebs and Izzy - I do believe this has been resolved considering the MMTE attorney confirmed this!
Another aspect confirmed is the Plaintiffs did in fact provide $40,000 in financing - another heated disagreement that is obviously confirmed by MMTEs attorney.
Very interesting how certain topics become blown out of proportion when in reality they are in fact true.
That is exactly right - buy low sell high and we can all be green before long!
That is why I feel this is becoming a good play - bought at 5 sold at 8. Keep this up and it could be green days ahead!
I must be missing it because I have not found the Chilean document regarding CLIL concessions.
In terms of Liebs I have found a lot of information on him. I have found information on Salvatore. I have not found anything related to the Chilean Government giving any concessions to MMTE/CLIL or Liebs.
So I'm assuming the SEC jumps at each and every pinky scam that is out there?
I would also assume that if the SEC instantly jumps in on any scam and shuts them down then I can invest in any pinky now because it would not be a scam?
If this is true I am certainly glad to hear it - that means pinky land will no longer be considered spam land!
In terms of any proof of land concessions - I have not been able to find a single document from the Chilean Government showing CLIL has any concessions whatsoever. Where is this document? I would love to see it and I think this would add significant legitimacy and very possibly begin a terrific upswing in PPS.
I would love to see the factual proof of these concessions from Chile. Where is this information? I must be looking in the wrong places because I cannot seem to find where the Chilean government has any thing on record anywhere.
Maybe, just maybe, if Liebs pumps this hard enough I can manage to somehow break even. Who knows, maybe Liebs can pump this hard enough to make some money - if that happens I will take that horrendous paint job to more car shows and more sponsorships! So far it has only been featured in a few magazines...a few more are in order!
Considering the current PnD from Liebs on his other 'company' and it being claimed he was not involved anymore when obviously he is per the most recent PR - I would tend to believe this will be just another typical play Lieb's style!
You can use Fidelity, Etrade or Schwab - any of those 3 are very good brokers.
I figured that would be the end result of your trip. I certainly hate to hear that but it is not surprising.
I bet you will either never hear from Liebs or the email will have some BS excuse and he is looking into it.
Chalk it up to another Liebs company!
That is not true - what if newer traders want to jump on board? As discussed Penson is very large and can hinder any potential run!
Regardless of opinion about Penson they still exist and need to be included.
If one only considers current investors then we are leaving out any potential investors. Current and potential investors is obviously important to any success of MMTE.
I agree this is the intelligent way to look at the Penson issue. Regardless of opinion it is better to be safe than sorry and if Liebs or others expect this to run and benefit from any media blitz or positive PR then ALL investors must be able to buy in.
With Penson being the largest independent firm as I mentioned earlier the issue needs resolution!
Very interesting philosophy regarding Penson! So Penson the "largest independent provider of clearing and settlement services globally" is discounted when it comes to trading? Very interesting!