In regard to MMTE and William Lieberman, many people have asked me if this company was always a scam and if William intended from the beginning to screw over MMTE investors. In my opinion, I don't think MMTE started out as a scam. MMTE was a failing oil drilling company with all kinds of legal problems. William was brought in to straighten out this company and to chart a new course.
It was at this time that I first bought into MMTE, and purchased 25 million shares at .0002. Shortly after, I started to call William regularly, and developed a very good repartee with him (a relationship built on mutual trust and respect). However, I never fully accepted anything William told me without quizzing him repeatedly in several different ways. And, I was never afraid to tell him if I felt his answers did not satisfy my questions.
When William first told me he was going to South America to acquire lithium concessions, I asked how soon he thought he might acquire these concessions, and whether he would ever mine? William's answer was that he did not ever intend to mine lithium (although he would leave that option open), but that he felt he could negotiate a joint venture or partnership with a company that would mine. I asked William why a company would jv or partner with MMTE, instead of buying the concessions themselves? William told me he intended to purchase land outside the prime lithium areas where evaporation ponds could be built. This way, while others were concentrating on acquiring the prime concessions at premium prices, they would lack the land needed for processing (a much larger area), and thus would need his help. This plan seemed reasonable to me, and when William issued press releases indicating both prime and not so prime concessions, I considered his plan to be on track.
When, in my opinion, did William sway off the track? After the Overcash Group lawsuit was announced, I began to have concerns. I increased my phone calls and e-mail communications, and talked to both William and Brian MacDonald more often. It was at this time that William cut back on public communication, and Brian began doubting William's honesty. Before the court ruled on the lawsuit, Brian resigned from his position with MMTE (not the reverse as William announced), and told me privately William had changed. This is when I first noticed that William started lying to me, and from this point I no longer trusted everything he told me.
While others took my departure from the MMTE boards as an opportunity to develop their own personal relationship with William, I simply pulled further away and stopped reading the MMTE boards altogether.
I think everyone now knows what happened when I finally did revisit the MMTE board after my lengthy departure. The general feeling seemed to be that I had an agenda of some kind (no one was ever very specific), and that I simply wanted to purchase more shares at a really cheap price. I found it amazing that e-mails directly from William stating a different story than those posted on Ijunk were quickly deleted --- how many could have saved their investment or prevented large losses if these posts had remained? Even better, how many would have started asking serious questions of me and of others? I was happy to answer questions, and had the e-mails to back up what I said. How many of my detractors ever produced a single solid e-mail to back up any of what they claimed?
