Majestic (fka mjxc)

[herdman]

MJXC's latest 10KSB

http://knobias.com/individual/public/index.htm

[herdman]

What GDVI might have going for it is a management which can operate successfully in a competitive production environment. Some GDVI board members seem to think this is the case. GDVI now has the old MJXC modular company and it is the right place to be at the right time. MJXC management just couldn't hack it. They're a bunch of glad handers who belong where they are now - in marketing. I was impressed by MJXC in admitting their shortcomings in the production arena (a couple of years back), when they underbid a couple of modular jobs and lost money (what's new?). Fundamentally, however, neither company has any kind of track record to bank on. The safe-T-Gard and S-1 Gard are good ideas though, and there's no better stock to be in than one who's idea has come. If we get any serious upward activity with volume, the mo-mo players will find us. If not we can kiss our investments goodbye. At sub-penny, MJXC will have no choice but to cash in their remaining shares, and we just don't see significant contracts on the horizon. If the share price climbs and holds at near ten cents, the company will have plenty of time to possibly cash in on the groundwork and contacts they have established in past years. Meanwhile rumors are spreading on the GDVI board about some potentially big contracts. We'll see.

[PowerStroke]

Herdman,

That is a problem when stocks drop. You need such a huge % gain to get back to previous levels. Odds are you won't do it all at once...unless you have great news and thats what we have needed for a long time. The move out of the sub-penny range should help strengthen us in terms of money and new people buying in. Whenever new people get here and find out about the product(s) it brings us closer to the goal.
What is your thought on GDVI? Do you share the views of some of the MJXC longs that it is the greatest thing since sliced bread? I haven't heard one thing that makes me want to invest any money at all there. I try not to rip on them because after the dividend is received I will hold over 400,000 shares but I still think MJXC has better chance than GDVI.

Comments.....


PowerStroke

[herdman]

Power,
The "move" has yet to show itself. The bit of activity we see has not even taken this stock back to the levels of a couple of months ago. If the company sells too heavily into any attempt to run the stock, they will put the fire out fast. I believe, if the company holds off and doesn't cart another truckload of stock in to the MMs, we would have a good chance to run up past a nickel. I don't understand the .09 cent sale that took place on Wednesday. I thought the broker was supposed to find the best price for you. Maybe it's an omen!
H

[PowerStroke]

Herdman,

If I had been around and heard as much as you I would probably share most of your opinions. I have never faulted the true longs here. I'm pretty new only 15-16 months. I looked at this as a long term play and it hasn't reached long term yet for me.
I have been in business for a long time so I like to pay attention so I do appreciate your stance. That said, I still really think this has a chance because of the "steaming" you
spoke of.
What do you make of todays trading? Did you see the ask jump 50% to .015?
That was pretty bizarre. If not for that I think this could have walked up there and held. Tomorrow should be interesting.



PowerStroke

[herdman]

Chinook,
I admire your enthusiasm. I know you are into this stock in a serious way, but I'm guessing your starting point is not nearly as high as mine. I visited the company shortly after it was reinstated on the BB, met with Zubrowski and Chase, and bought their story. Having watched this issue in steady decline since, I can't get that loving feeling back. I have to agree with you in that, if Majestic can land a few contracts and stop the bleeding (share selling) we're in a whole new ballgame. They have made a superlative effort in marketing and now have the contacts to make the contracts with - if contracts are in the cards. In engineering terms, a lot of potential energy ready to convert to kenetic energy, if you will. A lot of folks can't see the potential energy, which will come out steaming if contracts are made. In my opinion, the company hurt the share price by making too many promises and inuendos about success that never followed. I think we're all a little skeptical even of the contracts pertaining to the 1,800 S-1 Gards. When the fact of those contracts fall in place, the mood should change. If they could piggy-back with additional revenue news, especially with another product, this company will have the "idea whose time has come". Looking at past performance though - that's a stretch.
H

[herdman]

Chinook,
I admire your enthusiasm. I know you are into this stock in a serious way, but I'm guessing your starting point is not nearly as high as mine. I visited the company shortly after it was reinstated on the BB, met with Zubrowski and Chase, and bought their story. Having watched this issue in steady decline since, I can't get that loving feeling back. I have to agree with you in that, if Majestic can land a few contracts and stop the bleeding (share selling) we're in a whole new ballgame. They have made a superlative effort in marketing and now have the contacts to make the contracts with - if contracts are in the cards. In engineering terms, a lot of potential energy ready to convert to kenetic energy, if you will. A lot of folks can't see the potential energy, which will come out steaming if contracts are made. In my opinion, the company hurt the share price by making too many promises and inuendos about success that never followed. I think we're all a little skeptical even of the contracts pertaining to the 1,800 S-1 Gards. When the fact of those contracts fall in place, the mood should change. If they could piggy-back with additional revenue news, especially with another product, this company will have the "idea whose time has come". Looking at past performance though - that's a stretch.
H

[PowerStroke]

Herdman...

Iagree with most of your post except that I don't think a R/S is on the table yet. No doubt it is possible and if there are no sales by summer I think it will become a real possibility.
I do feel the company knows what that what do to them. Companies rarely recover from that because it is looked upon as a slap in the face of the investor. That said, if they get close to running out of shares they will have 3 choices.
I would guess that the O/S is somewhere around 250,000,000 with about 150,000,000 in the piggy bank.


Print more shares:
Reverse split:
Close the doors:

BTW...I know the S1-Gard deal is not going to solve the problem but having a decent contract with some sales makes this real and breaks the ice.


Chinook

[herdman]

Power,
MJXC preaches "patent pending" on their version of the Safe-T-Bar and the Safe-T-Gard (a sister product to the S-1 Gard). Actually MJXC's "Bar" is also a sister product to a "roll bar" that was purportedly tested by NHTSA back in '92. Unfortunately, NHTSA has theoretical reservations about both bars (it might separate the child's spine in a serious frontal impact), which I believe are unfounded. NHTSA's warning to interested school districts in response to Majestic's marketing efforts was the school district would be subject to a fine if they modified NHTSA's approved design. Typical government horses#!t. What they need to do is test the friggin bar, which they had promised to do back in 1998. That's why Majestic invested its efforts there in the first place. For the past year they've been focused on the Gard, which has worked well. They will probably make a reasonable profit on the STG if they could sell some of them, but I fail to see the S1G supporting the company. 1,800 S-1s over 18 months is only 100 a month. How much can they make on a sales commission? The S-1 is simply a piece of polyuruthane, probably made for fifty bucks or so, and sold for $100-150 to the distributor, which then marks it up by another 50% or so, to say $300. What can MJXC take, another $50-100? $10,000/mo does little more than bring the price/sales ration to a little under 3. Which actually isn't that bad, but the PSI would be 30 at only 7 cents a share. Besides, the S-1 sales contracts are still pie in the sky. MJXC needs sorely to get something going if the investors are to make out. I'm not certain if the company cares a lot. They'll just reverse split, then issue more shares to sell. I have no more hope for this company's survival. I only hope the MMs decide to run the stock a little prior to the RS.
H

[PowerStroke]

Herdsman...

You have finally stumbled on to my theory. You may be the first on any of the boards to post it.
I personally don't see MJXC installing the Gard everywhere. I do see a buyout or similar licensing agreement with revenue producing royalties. The concept is there. The product has been road tested.

Power

[KJ]

Power, Herd, Vision.....
Drop me an email to [e-mail] please.....

KJ

[PowerStroke]

HerdMan. I thought it was pretty much common knowledge that
Majestic does not own any part of PTSI. To my knowledge they are not related in any way other than the fact that they bought the rights to sell the S1-Gard to schools. Of course they also renamed it the Safe-T-Gard. In the PR's MJXC states that the product was jointly developed by "both" companies, meaning they are separate. I don't think MJXC had much to do with developing it though because it has been around longer than MJXC has. The only other relationship I can see is that MJXC has also became a salesman for the original S1-Gard and is marketing that to the transit industry.

PowerStroke

[herdman]

Power,
I'm not convinced that Majestic has anything to do with the S-1 Gard, except to market a product like it. If you can find a company called Public Transportation Safety International, then confirm they have something to do with the S-1 Gard...then I'll believe the Majestic press release.
Herdman

[PowerStroke]

At some point doesn't all of the good news...

Count for something? I guess everything is so profit driven that no one can really look at potential. The one thing this does do is leave the door wide open to make tons of money if and when it takes off.
I haven't heard about the Ontario program can you tell me what you know about that? Was that in a PR somewhere?
I think the S-1 Gard deal is going to be very big in terms of righting the ship. It will be a steady stream of revenue for 18 months and will buy us a lot of time.
I also think the fact that Virginia bought the Safe-T-Gard is a big deal. The parents of kids riding other buses will probably create quite a stir.
Hopefully, as the other pilot programs are completed we hear the same type of good news.

PowerStroke

[visioneer]

Ya, I don't know about todays release, but if you're not a daytrader, you have to believe that sometime soon they will ink some deals for the bus products and hang on through the downs. We all know penny's remain idle or crummy for a long time but as soon as they do something signifigant, they go up in a big way, that's why we play in the BB, right?
I've been holding mptt for a year and a half, and saw my money get cut down by 75%, but now it's back to even and they look like they are going to close on a loan next week and then it's off to the races. Same thing with mjxc, I don't know when they will get things going, I just think they will sooner or later and when they do, I'll be holding.
good luck.

[herdman]

Good theory. i guess I'm a fundamentalist at heart. This stock has been hyped for over two years now. Every paid hypster has been paid and the stock duly hyped. The company puts out a news release when it farts. All it ever does is go lower. Except, of course, for the blips. If you can catch a blip before you've averaged down too far, you might make out. I'm waiting for solid news. Maybe we'll both win. Big risk.
H

[visioneer]

Yep, not easy to put a price tag on this thing.
I'm in there because I believe valuing it is not my department, but following the hype is. I believe that there will be some interesting news and contracts coming from these guys, therefore, creating a hell of alot of hype about how far their products will go, thus, as with all BB stocks, price follows hype, not valuation.
When the news comes out, so will the speculation and then we'll make our money. It's simply a matter of being in before the hype starts and believing that there will be alot of upside speculation resulting from the hype.
The value on paper, to me, is nothing. But the value of future transactions seems to be very promising.
North America is a very "Safe happy" place, the market is there for the taking.

[herdman]

Vision,
I won't say evaluation is easy, but we should be able to place realistic bounds on upper and lower limits. Would you buy this stock at a dollar? - no. Would you buy at one-tenth the price it is now - probably. Why buy it now? We all have to have something we believe in at a particular price. Why would any of us plop an investment into something we can't have at least a gut feel about in terms of value? Why can't we coordinate our collective perceptions about each of the company's products, its management, its track record, and its financial status. Throw in warrant prices. I think warrent prices are a good reflection of what the company thinks the stock value should be. The latest warrant prices were at .02. A couple of years back, prior to the dilution, the warrant issues were at .20. Dilution has gone from 50M to 200M, although 200M additional shares are authorized. If the company was correct back then, the price should be around a nickle. Why did the CEO loan his own money to the company when credit dried up for about 6 cents a share? Why did Corbett buy shares back then at .20? Everybody thought the Safe-T-Bar would catch on. It didn't, and the NHTSA is making certain, through no other reason than bureaucratic incompetency, that it doesn't. Earlier than that it was modular classrooms, a great idea - MJXC couldn't compete. But they were honest about it and admitted they underbid their projects. Now we have the Guard, and possibily another year before the school bus world hears about it. Even if they did, in the present economy, school districts are saying they're sorely underfunded - but if they're liable for lawsuits for not installing the guard, ... maybe...we'll see government procurements. I have no faith in the diesel product just yet. Too many fly by night outfits have used something similar to delude investors. I hope MJXC can hold on until the guard produces, then possibly work the Bar and maybe the diesel device, if it truly works.
Well, that's a ramble and it probably gets no closer to a value level. At .25, this company has a capitalization of a half million dollars (200M shares). Is the Guard patent worth a buyout at that level to a bus manufacturer - Navistar or somebody. It's not out of the question. Just looking for brainstorms that we can hang some sort of value on.
H

[visioneer]

Yes, there has been a ton of selling by those who don't have the patience to hold. Depends on your trading strategy what you do. With the right pr, WE will be the ones selling, at a nice profit. Gotta get through some red tape first, but it seems like we're getting closer. When some of these trial runs are complete we should have our answer.
Imo, something will happen in the first half of this year but it's hard to tell when.
I can PICTURE busses driving around with wheel guards on them , and that's why I am prepared to wait. It's something that's needed but not being used right now.

[CAVA12]

Hey herdman how those sheeps fairing ?

You have some very good questions. We are also most at
the low for the yr.( .013). Just where is the bottem?

What I can tell you by watching level2, is that alot of
large sell orders keep it from moving. So you would wonder
if MJXC products are so great. Who is selling so many shares
at thee low prices?

As you know thee penny stocks are a game of chance. The only
ones that has the answers are the Co.

Cava

[visioneer]

How CAN you realistically evaluate the share price? I mean, everything hinges on them getting the product passed for all safety purposes, which should be easy but then , they need school boards or a large bus manufacturer to sign them to a good sized deal to get their products on these buses.
Some are test running the product in real situations and if they like it, we're off to the races. I don't think it matters much how much it will cost or the proft margins. They just need to sign some of the people testing it to contracts. Apparently there is alot of interest and it's growing more interest, that's why I'm in this thing.
I think the bus-makers are going to want to be the first to market with this product attached, so look for one of them to take the lead. Improvement is the key for them to increase their market, and that will help mjxc, big time.

[visioneer]

Not sure at the moment. Haven't really looked into it.
We should know soon.

[CAVA12]

Hi visioneer Shares of GDVI ?

Do you know when we will get the GDVI shares?

Thanks Cava

[herdman]

Vision,
Thanks for starting the MJXC board here. The SI board doesn't seem interested and the RB board is too full of social chat to maintain any thread of relevance. I don't have time to sift through all the off topic stuff. Mostly nice people though and some good stuff. Just too chatty. For anybody else tuning in here, I'd like to investigate an honest value for the MJXC stock from a variety of perspectives. At the moment it's sitting at .014. Why .014? Why not 5 cents or .5 cents. What are the true chances of success of any of the MJXC products and what are the probable attainable revenues from those products, weighed against the chances of success. How different is this from Las Vegas? Are we playing with the odds or against them at the current prices, and at what level should the 50-50 chance be? Obvoiusly, we can't evaluate the company using the more traditional formulas, but any indications should be considered. Anybody interested in doing this please sign in, and we'll have a thread in motion.
Bill

[visioneer]

Waiting for results from testing.
Soon we will begin to see where this company is really going to go!