MMTE investors once asked if William provided me with inside information when he told me he was recouping (or taking out) the remainder of the money he invested in MMTE concessions a year or so earlier? The answer, of course, is No.
The reason the answer is no is because William sent out a public press release informing all investors of the very same thing before I called and asked this question, but the mind set on I-dud prevented people from asking the obvious questions.
Take a moment and re-read the following sentences found in the press release:
William Lieberman, President of Mammoth, stated, "Our trading activity correlates with an equity capital raise with an institutional fund where the Company raised $220,000 USD for the purchase of MMTE's lithium assets a year ago. The Company believes that the assets have increased five times in value. In contrast to other companies that claim to be in the lithium sector yet do not possess lithium assets, MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." He added. "Investors from JPMorgan Chase & Co. to BlackRock Inc. are trying to create revenue from the exploding popularity of iPads and increasing sales of hybrid cars by investing in producers of lithium for batteries," said Lieberman.
http://ih.advfn.com/p.php?pid=nmona&article=53595891
Investors should keep in mind that MMTE seen a large drop in share price in the month or so prior to this news release.
I seen many people quoting the words " MMTE actually has titles and deeds for its assets which are available for verification through the Chilean Mining registries." Yet, no one on I-dud ever seemed to talk about the most important parts of the press release.
First, William purchased the original concessions (Salt Gold) with his own money, and then later sold them to CLIL for a nice profit. This transaction was made clear in several press releases that I need not list here. However, they are publicly listed and available to anyone wishing to review them.
Second, all William officially claimed to have is the right to mine lithium. He never stated officially that he owned the lands outright, so this mention of titles and deeds is a bit confusing to the unsuspecting. Yet no one seem to mention this, or even care.
Third, we all know William did several capital raises to obtain the money needed for concessions prior to acquiring the Salt Gold concessions. William and Brian were also actively involved in a convertible debt program used to raise money for concessions. Finally, there were numerous share sales and A/S increases claimed to be needed to raise money for concessions. So the obvious question of why William needed to raise even more money for concessions he claimed he already acquired should have been asked, but was not. Another question that should have been asked is whether the concessions were paid for in installments or all up-front. And, if the concessions were paid in installments, were there any stipulations involved that required Chilean mining law changes before final payment in full. Of course, without Chilean mining law changes, most lithium concessions had very little value. The concessions were, after all, empty and barren desert lands in the driest area on earth.
