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Tuesday, September 08, 2015 9:34:38 PM
Further observations (and these are my opinions and I will be glad to eat crow if wrong). All numbers estimated.
As of 5/18 MMMW had $35,000(stock value) at its disposal.
Per SEC filings:
Operating expenses quarter ending 1/31/15 = $43,000
Operating expenses quarter ending 1/31/14 = $88,000
5/18 was over 3 months ago.
Expenses from quarter year ago were cut in half so cuts are possible. If expenses weren't dramatically cut then the company is broke. I don't see how they could be dramatically cut since they reportedly were developing the STS over this time period(6/29/15 announced development completion).
Last month the website went down with a system message stating "bandwidth exceeded." At first I thought what a tightwad to not pay $5 a month for unlimited hosting. Upon reflection I wonder if that was just a courtesy message displayed because the bill wasn't paid.
The shareholders meeting never happened. At this point in the absence of an explanation from MMMW we get to speculate. I called the location to confirm the meeting and was told that there was no reservation for MMMW. This was a conference room in a local hotel. It's hard to pay for a room if you are broke.
It is my understanding that to go through with the share increase one would incur fees. I don't know a lot about this but some fees are based on share count. It's hard to go through with this process if you don't have the money to pay for it.
10-K not filed putting the company on bad terms with the SEC, trashing company reputation, and scaring stockholders and potential investors. There again I don't profess to be an expert but generally there could be costs associated with preparing this filing. You run into problems when you have no money.
Quarter ending 1/31/15 Ricker put $1,000+ on his credit card for company expenses. No money, who knows?
Further 10-k speculation (quotes from SEC Late filing notice):
The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
Part III
The reason for the delay is that the Registrant is waiting for additional information from a third party related to the document to be filed.
This additional information could not be obtained without unreasonable effort or expense. That is what Ricker claims in this late 10-k filing form.
Notice the words unreasonable and expense???? See a pattern emerging? It should also be noted that MMMW has no employees so everything is all contracted or subcontracted. What would Ricker have allowed a third party to have in their possession that would prevent this filing? Or more importantly, who has what Ricker needs to file the 10-k and why won't they give it to him? Maybe someone is holding something back because they are owed something, money perhaps?
Love the speculation, but it is really sad that this company has declined to this point that shareholders are left to speculate as to whether the company really functionally exists anymore.
Maybe the paperwork he needs is locked in the office and the landlord is holding the contents for unpaid rent......hmmm......
Recent MMMW News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/15/2024 03:44:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 12:10:37 PM
- Mass Megawatts Announces Several New Product Lines with Lowest and Competitive Prices as a Source of Generating Revenue in this Fiscal Quarter and to Help Market our Patent Pending Solar Tracker • InvestorsHub NewsWire • 02/22/2024 01:00:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 02/12/2024 11:01:42 AM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 02/09/2024 06:02:22 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 01/26/2024 10:03:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 09:20:13 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 12/06/2023 05:30:56 PM
- Mass Megawatts Announces LOWEST PRICE GUARANTEE on Solar Project Sales and Further Cost Reductions Using our Patent Pending Technologies • InvestorsHub NewsWire • 11/28/2023 01:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/08/2023 05:05:04 PM
- Mass Megawatts Announces Improvements Bringing Potential Project Payback Within 3 Years Using the Cost Cutting New Patent Pending Concentrated Solar Power Sterling Engine Technology • InvestorsHub NewsWire • 09/06/2023 11:45:37 AM
- Mass Megawatts Announces Improvement to Increase Power Output of an Additional Twenty Percent to the Recently Announced Innovations. Company Seeking UL 3703 Certification of Solar Trackers for Turbocharging Sales • InvestorsHub NewsWire • 08/23/2023 11:32:40 AM
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- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 07/25/2023 08:21:47 PM
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- Form 1-A POS - • Edgar (US Regulatory) • 07/11/2023 08:38:29 PM
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- Mass Megawatts Announces a New Solar-Power Technology that Boosts Energy Production by More Than 170% • InvestorsHub NewsWire • 06/29/2023 11:40:00 AM
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