July 29, 2011
Friday Q & A with MMTE and investors…
Hello all,
This morning Brian and I had a 90 minute conversation
covering all of the questions posed this week. He was straightforward
and comprehensive with all answers, where he could not answer that
was understood, as that was in the best interest of the company.
If you have any questions remaining regarding these topics below I will ask
that you call or email the company directly. I welcome any question
now for next Friday’s Q&A as well, But will not be answering any questions that are placed in my PM box on these topics. Feel free to discuss with the body and your peers. I wish to thank Brian for his time
this morning. He did not rush through answers, gave me his full attention
and I came away with the feeling that this Q&A was very important to him
as he expressed his desire and willingness to communicate with all investors.
D: What is the strategic goal of the International Panel?
B: It is a select group of individuals that will help navigate and steer
MMTE though areas of their expertise. As MMTE ventures out into
other areas of mining and into other counties and potential third world
countries, theses panelists will help in areas including but not limited
to, logistics, mining, language, government., etc.
D: What types of companies is MMTE looking to partner with. Obviously
you cannot reveal the companies – but is it car manufacturers, battery makers,
battery storage… ?
B: Mammoth is looking at anybody that has use for Lithium, and MMTE will
not limit itself to one industry. Mammoth will try to capatilize on all
areas of Li use.
D: Can you provide an update on the highly anticipated “up-listing” status?
When will that come?
B: Mammoth is working on fulfilling requirements and obligations as is evident
in past filings of financials, to receive as few comments back from the SEC
so as not to delay the up-listing by unfulfilled requirements. Each ‘comment’
received can push the process back 30 days for review and response. In order
to minimized this potential MMTE is fulfilling these requirements. We do not
wish to be one of those companies that sends an application waits 30 days
only to get back a ‘comment’ in which we have 30 days to respond, and then
send it again in which they have 30 days to reply., etc…
D: Have any shares become unrestricted in the last three months, if so how
many and are they being currently sold?
B: There have been no additions to the float.
D: After financial are delivered, how do you feel the overall feeling of the
shareholder will be; Pleased, Very Pleased, or Fall Off My Chair
Pleased?
B: Fall Off My Chair Pleased.
D: There are concerns about the current Li mining restrictions in
Chile. Is MMTE relying on its JV co to get approval? Can
‘Limitada’ come under the CORFO umbrella?
B: All business conducted in Chile at present will be held within
the Chilean corporation. All Assets will be held within the Chilean
corporation which is a wholly owned subsidiary of MMTE making
it International. As far as Chile is concerned, it is a ‘Chilean’ corporation
investing in it’s own company.
D: Will the Facebook page be updated with current PR’s and filings and
will there be an active link directly to the company – meaning when a PR
is released will it automatically go to the Facebook page, and simultaneously
hit Marketwire, Facebook., etc?
B: PR’s are released through Newswire first, then to our Corporate Website and Facebook etc.,
Mammoth is about to start a 'Media Blitz'across all electronic forums. This will not be done by MMTE or Ironclad., and I am unable to say who at this time.
D: The website says 15,000 hectares, is that being corrected?
B: Yes, it is, and we are very disappointed in the delay as well as you all are.
D: What countries will William look into for future mining and exploration?
B: Every country that has Lithium, Potash, Boron and rare minerals. Mammoth
will not limit itself to any particular countries.
Thank you all for your questions, and thank you again Brian for your time and for opening the line of communication. Again all members are welcome to call or email the office at your convenience.
Dii Dii
