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That is not the case unless Liebs forgot to mention that to exchange. As of right now Liebs is still the CEO - which means he still controls it...which means if it is considered a scam...well...
According to Brian the media blitz was supposed to be paid for by a 3rd party and was 'unknown' to MMTE.
It is funny that the claim was that the lawsuit would have NO impact on MMTE; however, it has certainly had some impact. The impact may not be as much as some thought - or maybe we haven't seen the full impact yet.
I believe that ANY legitimate company would be more than willing (and to be quite honest extremely excited) to share any information on a subsidiary that would increase investor interest and by default increase the PPS.
Again that poses the question - is MMTE in fact legit? Maybe CLIL is legit?
Ultimately all the speculation in the world does not matter (regardless of what dots are connected)! The only facts that matter have to do with the legitimacy of MMTE and CLIL.
It is considered dilution - it is just another definition of dilution. There is good dilution and bad dilution - if dilution is being done to acquire more land then obviously it is good dilution.
THE STATEMENT IS FACTUAL
It is as simple as - my opinion is it would be nice for MMTE to turn around and start increasing in PPS. Obviously this would be very nice if it were to happen without an RS.
First let's analyze my statement:
Similar comments were made earlier this year in terms of the levels we are currently sitting at.
No one wants to see it go that low; however, at this point it is truly impossible to say!
Here is my thought on this - there are questions in terms of showing that the land concessions in Chile do exist with CLIL. Since there is an obvious connection between CLIL and MMTE I would think MMTE would be more than willing to provide the documentation that was required to be filed with Chile to obtain these concessions.
It sure would be nice if we were to see a turn-around without a RS on this. Unfortunately...as previously stated...this requires Liebs to change the way things were done in the past.
This is another issue that different sources have provided different answers.
It is my understanding exporting of lithium is restricted. The actual mining is legal and can be done to export the other minerals obtained which are just as valuable as lithium.
Phrozt - this issue went back and forth in terms of Ameritrade - it was with thinkorswim definitely because they used Penson. There were some that stated Ameritrade would not allow buys while others stated they could buy and sell.
Obviously in Chile MMTE nor CLIL can own the land. They can lease the land for extended time periods but they cannot own it.
In terms of the steady decline - it has been going on longer than just 4 months. I agree we have seen a lot of selling.
I also do not believe MMTE/CLIL will begin mining it is just too expensive to do the full startup. They may make arrangements with a group of companies but IMO they will not begin mining.
I recently asked for more information to be shared and you have certainly followed through.
Thank you for posting this information.
In all reality though it would be nice to have a verifiable reason to be happy about this. There is a lot of speculation that can be made on both sides of the fence but all that truly matter are 100% verifiable facts.
I agree that MMTE is acquiring land according to their PRs and if this is the case it is very beneficial for all shareholders.
There is a lot of information that can be viewed as positive or negative depending on how one reads it.
What I would really like to see though is where are the 100% facts without any opinion whatsoever?
For one I hate to lose money! Yes everyone else does as well.
In addition I attempted to sell and had orders in at 9 but they never went through. Since that time it has dropped more.
At one time I believed in MMTE but since that time...well...I'm a bag holder!
"Hello my name is Chroma-Z, I was once a believer in MMTE. Now I am just a bag holder."
drew - was it determined this was in fact CLIL?
Personally I go in the direction my DD takes me - if my research leads me to believe this is something that I should get out of with the least loss as possible that is what I do; however, if it leads me to believe there is a bright future ahead then I buckle up and hold on.
In terms of my current belief - it is not promising although I wish it were.
I can be objective but I also do not like kool aid.
Hello kayakzz - I have been reading a few posts here and there. I have GLER saved as a favorite so I can read the new PRs and see if any additional delays would be released.
Seems this deal may have followed the other past deals.
TC - for quite some time the general comment on this board has been "do your own DD" and I certainly understand that; however, considering we are currently near the lowest levels we have been in 2011 it would seem to me that a lot could be gained by sharing positive DD.
In general much of the past history, con-men connections, etc (all the negative information) has been shared on numerous occasions with this board.
I also understand that very little of the information posted on this board could influence the PPS significantly but at the very least it could potentially change the negative sentiment to something more positive. That in itself would be beneficial.
I believe the complete DD has indicated which way this ship was going - I certainly agree at this point it all depends on Liebs and the direction he wants to take it.
All of the lies, mistakes, BS and vagueness have to stop if this is to go north.
I certainly agree with you and I'm glad to hear of the DD that you were attempting to do. It is unfortunate you did not receive more information.
Since you have been posting positive sentiment of GLER since end of May I certainly hope you are correct.
Unfortunately accurate and complete DD has revealed that this company has successfully filled the pockets of management at the shareholders cost.
Both the 3 month and 6 month charts show where this is headed.
It would make a lot of people happy if MMTE has a good day and things show a positive turn.
You are correct - the DD exists and is rather easy to find.
There are many reasons to be on the list and only DTC/MMTE know why!
Considering pink CEOs are always completely truthful why wouldn't one believe them? Hmmm...and how many times has Liebs lied about things?
I certainly understand and I hope this deal does not fall through like the others have in the past. It sounds very promising.
I have been with EMXC off and on for a while now. I was burned during a pump earlier this year but was finally able to get out without any losses. Since that time I have seen the lows and highs and they have been very nice.
I have also seen a lot of negative information and some positive PRs - we are playing the pinks and as such it is all a risk. If you take the right risks you can make a lot of money...obviously that is why so many people do it; however, most people that play the pinks lose money.
It has been reinforced time and time again that very few pinks succeed. Most are purely scams, some get caught in the death spiral and one in a million manage to do something positive.
There are examples of EMXC stating certain agreements and the agreements never coming to fruition. All good and complete DD regarding EMXC will find several occasions of such items.
One can find excellent information if you go to the link:
http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=19670&srchyr=2011&SearchStr=emxc
This is the DD Support Board and Fraud Research.
I will agree that there is a lot of money to be made with EMXC if it is played properly.
Interesting you say that because it HAS happened before!
So since the deals are legitimate and the companies are legitimate I would have to assume that we will see nice SUSTAINED gains in the PPS over the next few months. I would also assume that we will NOT see these low levels again! Correct?
It only matters if one considers EMXC to be a legitimate company with a future; however, if it is considered to be a 'play' then I agree completely.
The PR had a mistake in it according to Unitell's website:
http://www.unitellwwc.com/about.htm
Unitell Communications, LLC (Unitell), founded in 2005 and located in Pembroke Pines Florida, is a minority and women owned business. Unitell is classified as an “interconnect company”.
According to the PR Unitell was founded in 2004.
jkm - I wish it were that easy; but if it were we wouldn't need judges or lawyers. There is email correspondence which in this day and age can be considered a contract depending on the circumstances. There is also the issue of money provided from Plaintiffs to Defendants.
In terms of planning from the beginning - one never really knows what people plan. Good planning can take years to develop and maybe we have that here.
I agree - there are a lot of people looking for something for nothing. Again you are correct they were convicted of it. I personally feel that anyone that scams another individual or multiple individuals should be fully prosecuted and have to repay every dime!
That is an interesting comment - did not do the deal...but in the email correspondence he did ask for the money. So if he asked for the money that can be constituted as accepting the terms of the agreement. Don't take this the wrong way - I hope that is not the way this case goes.
I agree that the Plaintiffs should not have sent money without a signed agreement. I couldn't agree more; however, we do not know the circumstances.
Can you honestly say you have not started a single project without a signed contract? I know there have been a few occasions where it was someone I knew (or other circumstances) where the contract was not signed immediately before I started work. In those rare cases I would limit the amount of work that was done (and certainly the material orders) prior to a signed contract.
So yes I agree that a signed agreement should have been in place but we do not know the circumstances at the time.
This is why I feel the Plaintiffs will receive their initial investment and not shares. If there is a signed contract then the situation would be different...but obviously there is not a signed contract - just email correspondence which is more often than not considered a binding document.
It could very well be that PnD is upset that Liebs does not use them for promotions. Is there proof of this statement?
Liebs was the focus because of Fox and tied into his other companies that he has his hands in.
Unless they forgot to submit the filing Liebs is still associated with several companies. Maybe Liebs forgot to mention to the proper agencies that he is no longer involved with the companies he did not tell he is no longer associated with.
According to the court documents the Dismissal and Default Claims were to be discussed on 15 September. Since this case is continuing forward it clearly indicates there was not cause for dismissal (which adds some legitimacy for the Plaintiffs) and there was not cause for a Default Claim (which adds some legitimacy for the Defendants).
On several occasions it was stated the suit would be dismissed. Here are just a few times that still exist:
http://investorshub.advfn.com/boards/msgsearchbymember.aspx?searchID=200681&srchyr=2011&SearchStr=dismissed
There are others that have stated the same thing; however, that is not the case.
I certainly agree that people sue others for doing nothing wrong and get a settlement. It is unfortunate and that is the world we live in. WE have created a system that caters to the inept and have reinforced that common sense is no longer needed - fact is the less common sense we have the more we can be rewarded for it.
IMO the lawsuit should be settled out of court and should have never went this far to begin with. I believe this suit should have been settled months ago but instead it was ignored and discounted! I also believe the Plaintiffs will at least receive their initial investment of $40,000.
I have not read through all the documents yet but I do not recall seeing that as of yet.
The documents are available online at PACER with an account for a minimal charge per page.
I read that article as well and I agree it does not bode well for MMTE and Liebs.
I certainly agree that the Judge was saying "settle this yourselves" and save us the trouble. It would certainly benefit everyone for this case to be over sooner than later.
Again I will say why not settle? The Plaintiffs get a settlement, the Defendants pay some money and both pay less in attorney fees. It can be very burdensome to continue a lawsuit for months and months. It gets very expensive as well. So why not settle?
I think that is the ultimate award to the Plaintiffs in a dream world and I very very seriously doubt that will happen.
I believe the Plaintiffs will at least get $40k as that was the initial investment. Anything more than that is speculative at best.
You can visit the Justia website at http://dockets.justia.com/ and search for Mammoth - the link is provided below:
http://dockets.justia.com/docket/new-york/nysdce/1:2011cv04813/381951/
If you have a PACER account you can view the documents online, download and email the documents. The charge for the electronic documents is $0.08 per page.