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The 10-Q AKA the Comedy Stylings of Mr. Robert Lorsch.
We only lost twice as much as we made!
This is our year!!
Translate their most recent double talk PR please
MMRGlobal Announces New Patent Agreement & Increased Distribution Channel
LOS ANGELES, CA -- (Marketwired) -- 01/28/15 -- MMRGlobal, Inc. (OTCQB: MMRF) ("MMR") today announced that the Company will report retailer-driven revenue in the fourth quarter 2014 from Patent Agreements, in addition to the previously disclosed licensing agreements with the nation's largest pharmacy retailer, which substantially increases MMR's previously disclosed retail distribution channel that includes access to more than 15,000 U.S. retail locations, 2,000 international locations, and 50 million monthly online visitors. MMR has already received initial revenues from the signing of the agreements related to the increased distribution network during the period ended December 31, 2014. MMRGlobal also announced 2014 was the highest revenue year in the Company's history and that MMR continues to actively pursue strategic opportunities with partners who have the financial resources to make large investments in MMR's technology products, services and Intellectual Property. As part of that, the Company is in the process of completing another Patent Agreement and strategic partnership with a major healthcare provider. Additional details will be announced when the terms of that agreement are finalized.
The Company also announced that three appeals filed earlier this month in the United States Court of Appeals by MyMedicalRecords, Inc., a wholly owned subsidiary, pertaining to recent District Court actions have already been consolidated into one case which the Company believes will speed up the Appellate process. MMR also disclosed that it is in discussions with defendants in those actions and others where the Company has existing Patent Agreements regarding strategic opportunities, licensing and/or other relationships with MMR.
Revenue by not paying the bills??
As of September 30, 2014, our current liabilities exceeded our current assets by $7.89 million
This means as I interpret it, is that the company is still insolvent.
Company shows:
Accounts payable write-off (1,672,820) << this is money they owe others and decided not to pay it.
Company then shows:
Other income 1,672,820 << by deciding not to pay people what they owe them, they now claim this as revenue.
And then claims 1500% increase in revenue.
There revenue is actually (by my humble calculations $247,501
All of a sudden their interest and finance charges went down $175k for the quarter.
All my opinion, my interpretation could be wrong
How low can MMRGlobal go??
The article about Ebola that mentions them that appears on Breitbart.com
Let me quote the last paragraph of the article for you:
"In the meantime, Americans appear poised to do what they have always done: take matters into their own hands, find personal solutions that protect their families, and sidestep Washington waste, cronyism, and dysfunction altogether.
Sponsored by MMRGlobal
“Instant Access to All Your Medical Records…Click NOW.”
Here is the link:
http://www.breitbart.com/Big-Government/2014/10/21/Ebola-Patients-Electronic-Medical-Records-Glitch-Casts-Light-on-25-Billion-Obama-Stimulus-Boondoggle
What a terrible PR grab this is.
Those were tears of laughter as these giant companies laugh at MMRF trying troll money out of them.
They are likely going to join forces and bury MMRF
stay tuned.
NICE 10-Q!!
LOL
Time is on our side!!
We had $55k in revenue! YAY! Things can only get better!!!
suckers
No no time is on your side,
Load the boat,
Bob Lorsch is a genius!!
No where to go but up....
</sarcasm>
1200 share buy, damn, someone must have broke a $20 when buying coffee this morning and threw the change in the MMRF jar.
"over-promise and fail-to-deliver"
Where I come from that is called a LIE
Time is on your side,
Everyone get on the MMRF Bus!!!
No where to go but up!!
We can pump this thing another $0.00034
GO GO GO!!
Hehehhee
Try this one:
If it looks like a dog, feels like a dog and barks like a dog....
IT'S A DOG!!
You do realize a 3000% increase in revenue gets them to zero for the quarter right?
Think that will happen??
Yes if they are shorting the stock, lots to be made.
4% down on the "300% news" LOL
Golden ticket to the Dingbat ride!
Cheech and Bob
Friends you can't make this stuff up.
https://www.facebook.com/MMRGlobal?fref=nf
THIS IS OUR YEAR!!!
APRIL FOOLS!!!
correct
Record earnings for the first quarter will be
no more than $400k
Gross.
What? RL said record earnings!!!
Could be as high as $70,000!!
You made the right choice!!
They have so little cash that the amount of the settlement will be clear at the next quarterly report.
They made a sweet deal with Walgreens in that WG got to settle for almost nothing so MMRF could use that as leverage to get the others to follow suit at a higher rate.
"Be the first to settle get the sweetest deal"
On various dates between January 6, 2014 and January 28, 2014, we granted an unrelated third-party a total of 574,463 shares of restricted common stock at $0.04 per share in consideration for services of $22,979.
On various dates between January 23, 2014 and February 4, 2014, we granted two unrelated third-parties, two consultants and an employee a total 5,860,000 shares of restricted common stock at $0.05 per share in consideration for services and reduction of payables of $293,000.
On January 30, we granted a consultant 250,000 shares of restricted common stock at a price of $0.05 per share in consideration for services rendered.
On various dates between November 15, 2013 and February 3, 2014, we entered into nine different Stock Sales Agreements with eight different unrelated third-parties to sell 19,193,319 shares of restricted common stock for an aggregate of $511,250.
**On January 30, we granted a Starbucks 500 shares of restricted common stock at a price of $0.05 per share in consideration for a caramel macchiato.
** this is a joke and not actually part of the filing.
How many companies issue a press release every time a judge rules on some aspect of a case.
I can't wait until this goes to trial:
Press Release:
In court today MMRFs attorney said "Objection"
and the judge said "sustained"
What a great victory for MMRF.
What a clown circus this company is. IN MY OPINION!
That is where you are mistaken,
There was NO news shared today. None.
MMRF said they are going to talk for another 10 days that is not news.
if every publicly traded company posted a new release every time a lawsuit negotiation was extended another week, it would be a tsunami of useless news.
Answer: Nothing
MMRF has no viable products that they have sold to anyone,
every press release of any product for humans or horses has resulted in less than $50k of revenue.
All they have are patents.
Lorschs best play is to get "even" with any settlements from this round of lawsuits and then shop the company for a 20-30 million payday for himself and his team.
Shareholders will get crumbs.
FALSE
If the Patent validity's only value is extracting a few million from what MMRF has identified as the key litigants what would an acquiring company hope to gain?
These are the big players.
Question is what would the CEO and the key debt holder for MMRF (they are the same person) sell the company for?
The wording is so sketchy.
So is the company.
Does everyone not realize that even if every company that was being sued decided to pay 2 million for MMRF to go away, MMRF would just be able to pay off their existing debt?
Ding Ding Ding - Give that man a prize
and welcome to
WATERLOO!!!
Or it could be a way to invalidate the entire thing and bring the value of the stock to ZERO overnight.
Plan accordingly.
the Rapid Revenue Program, The Great Wall of China ruse, the $100 million horse phr manure was all vapor. Still no sales team.
Just a way to say "Hey we aren't patent trolls, we have an active marketing of our products"
Stock price will be 0.028 end of next week.
So you are saying time is not on our side?
Hmmmmmmmm
MMRF announced today that it has reached an agreement
with it's interior decorator to go with the berber carpet in the redesign of their corporate office space.
The decision was reached after comprehensive negotiations with several prominent industry designers.
THIS COMPANY IS A JOKE and this announcement has the same relevance as MMRF signing a discovery agreement with Walgreens.
WHO THE FRICK CARES!!!
Detailed Analysis of the MMRF 10-Q
ARF ARF ARF WOOF WOOF WOOF
HA HA HA
What a dog!!
Load the boat!! Buy on the Dips!!
TIME IS ON YOUR SIDE!!!
Keep hanging in there!
Only down another 7.5% so far this week.
Time is on your side!
CEO said he was in settlement talks,
Oh wait he was in NY talking to investors.
"Any reason to believe this Facebook post that insinuates positive developments with patent settlement will turn out differently?"
YES!!
Bob has done it before, hinted in one direction and the outcome be the absolute opposite.
Remember how the settlement discussions go:
Alleged infringer: We are happy to do a license to use your patents. What kind of money are you thinking about?
Bob: 1.4 million dollars
Alleged infringer: We were thinking more like $200,000
Bob: (insert bluster)
Alleged infringer: See you in court, hope you have lots of money to fight this case.
Bob: DOH!
Things are looking up!!
After being down:
10% in June
45% in July
5% in August
and 15% in September
MMRF is actually up 0.36% for the month of October!!
Don't let the 41% slide over the last 6 months get you down,
Time is on your side and October is looking up!!
Like I said, 180 days from the next 10Q they are done.
from the story:
MMRGlobal already owns at least eight U.S. patents related to personal health records and e-health. It is currently suing or settling with big health care information users like Walgreens, AllScripts, WebMD. It has also informed hospitals they may be infringing its patents.
I have BOLDED and Underlined the lie in that story so its easy for you to find.
You keep saying "Plenty of time on our side"
Tell us all how much time?