Sales for MMMW...? It seems true they may show some income with application fees going forward, but I personally, honestly don't believe any sales will be forthcoming any time soon, and here is why;
I own many acres of land that I had already invested in in the form of measuring the annual average wind speeds and researching the obtaining of permits, in my efforts towards creating a clean energy wind farm near the northern border of Massachusetts, in Rensselaer County, NY. Due to much of the acreage being fairly narrow strips of land, coupled with local setback requirements as well as the high initial purchase costs for the standard style of tall masted generators, these tall generators were not a viable option for my wind farm pursuit. This was back in 2009/10 when MMMW was heavily promoting their patented low profile "MAT" wind generators and patented wind augmenter systems.
I was curious about obtaining the MMMW system costs, measured efficiencies, and ROI duration information, so naturally I called the company. I was somewhat surprised that Jonathan Ricker himself answered to phone every time I had called. After several separate conversations with John, some lasting over an hour, it became quite clear to me that there were no working prototypes set up anywhere to be seen, and there was no production manufacturer lined up for either system either, making it impossible to get a strait price or a delivery date answer. I was instead provided excuses about how until enough orders for the systems were taken, it did not make any sense to contact a jobber to produce only one of each unit, and that at that point site studies and building permit research and acquisition were MMW's current main focuses. In other words, I was told I could not see or purchase a product they were currently marketing, even if I wanted to, at any cost? He did however indicate he thought he would have enough orders soon, and as soon as he did he would get back to me with a per unit price. He also often put forth what a great investment MMMW was (at .38 per share, with 6,765,676 outstanding at the time) because once the wind generators were in full production, the share price could easily more than double.
Possibly needless to say, as a highly interested and likely buyer lead, I have not heard a word back at all yet from John or MMMW, and now over four years have passed. I was not at all baffled by what I considered to be a bunch of bull I was being offered back then, but have kept my eye on the company all along just in case I was wrong with my initial assessment, because at least I thought John seemed like a stand up kind of a guy.
In conclusion, I disclose I have never invested in MMMW, and honestly I wish them no ill will. Although as time passes, and PR after PR, and 10q after 10q, no sales of any kind have been ever reported, excluding only the issuance of stock, I remain suspicious of the companies's future sales prospects, and that is based solely on my own direct experience attempting to buy their products from them.
My best wishes for good luck to all who have invested here in MMMW.
