Replies to post #617 on MMRGlobal, Inc. (fka MMRF)

[Tulaz1]

Legolas,

Back on our old research when this was .02 - this is how we valued it:

Creditor Plan

Concurrent with the execution of the Merger Agreement, Favrille entered into a Creditor Plan with MMR and Kershaw, Mackie & Co., as the administrative agent (the "Creditor Plan"), which provides for the negotiation and settlement of Favrille's outstanding liabilities with the Favrille Creditors. Pursuant to the terms and conditions of the Creditor Plan, when Favrille Creditors holding at least 85% of the dollar value of all known creditor claims against Favrille have entered into settlement agreements in accordance with the Creditor Plan, Favrille may (a) pay up to an aggregate of $1,550,000 in cash to one or more of the Favrille Creditors, with any portion of this amount not otherwise paid out prior to the Closing to be placed in an escrow fund as a reserve to fund settlements with Favrille Creditors, (b) issue one or more interest-free promissory notes to the Favrille Creditors in an aggregate amount not to exceed $1,116,000, with principal payable in 18 equal installments beginning on the six month anniversary of the Closing and (c) issue up to an aggregate of 10,000,000 shares of Favrille common stock, or warrants to acquire shares of Favrille common stock, to the Favrille Creditors that are accredited investors and are willing to take such equity as partial or full payment. As of November 11, 2008, approximately 77% of the dollar value of all known creditor claims have entered . . .


This values 10 million shares at $1.55 million - FVRL current holders hold 40 million, this equals $6.2 million, or .16 cents per share.


The true value in my opinion is MMR Pro. They have put all of their profits from their PHR's (50M subscribers) into MMR PRO and this is the only reason they are still operating at a loss. The only thing we know of MMR Pro is its the cheapest EMR @ $500/month, its cut a hospitals costs in half almost instantly, and its the only interoperable EMR. If you take 50M and multiply that by $10 for 12 months and they still cannot make a profit, then MMR Pro is what they have put everything into. They have called it the "most sophisticated technology". Value without MMR Pro - around .16 Value with MMR Pro - I believe we could see $1 sometime soon and beyond.

JMHO

~T~