Replies to post #3530 on Mass Megawatts Wind Power Inc (MMMW)

[Solarman]

At a brief meeting at the MMMW office in SEPTEMBER, the CEO had a great explanation about short term growth with initial sales of its new solar tracker in a license arrangement with developers who have some financing behind them. The company may be late in its filings but it is common for them to be a month behind. Otherwise , there is no problem with regulators and MMMW has no toxic debt which is an epidemic in penny stock land. The company would not take toxic debt or its stock would be worthless. If MMMW took on toxic debt, it would have done it a long time ago. It helps when officers own shares of the company that they operate as their own stock valuation would be negatively impacted on acquiring toxic debt.

Interesting opportunity to sell or reach an arrangement with a private strategic partner with its public shell at a price higher that the current market cap too. The company can always go public again when revenues are stronger in a year from now.

[wmyers4u2]

This is basically a defunct company with an unproven product.

The company owes Ricker a couple hundred thousand dollars (estimated, according to what I've read in filings) and Ricker as a non employee has also written himself into product royalties should any sales materialize.

Point being, this wouldn't be as attractive to a buyer as you might think.

Also, the STS could be built in someone's garage in a week or two. There is no justification for the amount of time or costs associated with this product.

The real question that should be asked is where $7+ million dollars went under Rickers watch. This company had millions of dollars in project commitments/orders and no product deliveries or sales. There are a lot of questions that need answers including his latest statements regarding no shortage of customers.

If someone were to buy this company they better have deep pockets because there likely would be lawsuits coming.

[Solarman]

I agree wayno2. The value of the trading shell is higher than the market cap and the $200,000 debt owed to the company officer.. The big thing is there is no toxic debt to destroy the value of the trading shell. Toxic debt is an epidemic in pink sheet land. As far as building a new solar tracker in the $6 billion solar tracker industry, Array Technologies , the world leader in solar trackers, spent several million dollars and 2 years of testing and preparing the production of their solar tracker. Toxic debt finance people hire paid bashers to drive down stock price to get new OTC customers and/or victims. Fortunately, MMMW realizes that their public entity , stock price and $200,000 in debt would be toast if MMMW accepted toxic poison.