AI
Tuesday, March 13, 2012 9:05:14 PM
YEARLY CHART SHOWS MMTE FELL A LONG WAY...
In addition to the above disturbing observations, note that the 52-Week 50-Day SMA fell from last year's high of $0.0025 down to the current, dismal, entrenched $0.0007! Even based on this smoothed, averaged variable... that PPS cliff-dive still represents a -72% in PPS value from the middle of 2011 to current day 2012!
As a securities holding, MMTE has most certainly NOT come a long way in one year! The failure and train wreck that is MMTE is primarily due to WL because, among other things, he does not communicate the fundamental condition/position of the company and thereby hides a huge portion of need-to-know information. This even though the hidden information likely proves far worse than the uncertainty of not knowing it at all! If we could see MMTE as an open book, the story would almost certainly match any tradegy one might imagine.
Moreover, the share structure that existed back on that brilliant March 29th, 2011, now lies shattered, broken, and diluted beyond recognition. MMTE's website investor relations page steers far clear of any tangible financials or fundamentals! (See, e.g., http://www.mammoth-energy.com/investors.php ) So the last reliable share structure and financial information is old... dating back to the period ending September 20, 2011, and even THAT outdated information proves horrific (e.g., 6.5 BILLION OUTSTANDING SHARES; 3.4 BILLION FLOATING SHARES; 15 BILLION AUTHORIZED SHARES)! (See, e.g., http://www.otcmarkets.com/stock/MMTE/company-info .) Heaven sakes... one can only imagine the current MMTE O/S... about to max out the A/S in light of the fact that MMTE has had ZERO revenues over the past year, but incurred significant expenses (likely including a nice, fat salary plus bonuses for WL).
In light of the need to print and sell nearly worthless shares to remain a going concern, educated guesses place the current O/S well within in the range of 12 to 14.5 BILLION SHARES!!! WTH does WL plan to do to bring MMTE's PPS up with such a bulbous, bulging, big, baboon-like backside of an O/S?!!! This mell of a hess does NOT look like anything any real company might want to purchase, even if MMTE's salar concessions are worth slightly more that whatever MMTE paid for them... using money raised from printing and selling shares into the piglike O/S!
MMTE is in an awful condition that will require serious "voodoo" or miraculous economics to correct. I would hardly opine that the past year has been good to MMTE; quite the opposite!
In addition to the above disturbing observations, note that the 52-Week 50-Day SMA fell from last year's high of $0.0025 down to the current, dismal, entrenched $0.0007! Even based on this smoothed, averaged variable... that PPS cliff-dive still represents a -72% in PPS value from the middle of 2011 to current day 2012!
As a securities holding, MMTE has most certainly NOT come a long way in one year! The failure and train wreck that is MMTE is primarily due to WL because, among other things, he does not communicate the fundamental condition/position of the company and thereby hides a huge portion of need-to-know information. This even though the hidden information likely proves far worse than the uncertainty of not knowing it at all! If we could see MMTE as an open book, the story would almost certainly match any tradegy one might imagine.
Moreover, the share structure that existed back on that brilliant March 29th, 2011, now lies shattered, broken, and diluted beyond recognition. MMTE's website investor relations page steers far clear of any tangible financials or fundamentals! (See, e.g., http://www.mammoth-energy.com/investors.php ) So the last reliable share structure and financial information is old... dating back to the period ending September 20, 2011, and even THAT outdated information proves horrific (e.g., 6.5 BILLION OUTSTANDING SHARES; 3.4 BILLION FLOATING SHARES; 15 BILLION AUTHORIZED SHARES)! (See, e.g., http://www.otcmarkets.com/stock/MMTE/company-info .) Heaven sakes... one can only imagine the current MMTE O/S... about to max out the A/S in light of the fact that MMTE has had ZERO revenues over the past year, but incurred significant expenses (likely including a nice, fat salary plus bonuses for WL).
In light of the need to print and sell nearly worthless shares to remain a going concern, educated guesses place the current O/S well within in the range of 12 to 14.5 BILLION SHARES!!! WTH does WL plan to do to bring MMTE's PPS up with such a bulbous, bulging, big, baboon-like backside of an O/S?!!! This mell of a hess does NOT look like anything any real company might want to purchase, even if MMTE's salar concessions are worth slightly more that whatever MMTE paid for them... using money raised from printing and selling shares into the piglike O/S!
MMTE is in an awful condition that will require serious "voodoo" or miraculous economics to correct. I would hardly opine that the past year has been good to MMTE; quite the opposite!
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