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If you read the release this morning, Alex goes out of his way to emphasize that this deal involved no new debt....the fears about him replacing Himmil with something similar are apparently unfounded
Himmil is officially gone....nothing further was going to be announced until that albatross was gone....it will be interesting to see what is next
Getting the Himmil situation under control has been the main concern for the last several weeks. Now that problem is behind us, I wouldn't be surprised to see news about the progress the company has been making these last few months. It has been quite a while since we have seen any updates.
Getting Himmil out of the way is huge. In addition to Himmil converting stock at below market prices and dumping and driving the stock price down, the shorts also used this supply of stock to undermine the stock price. Normal market forces will now start to take effect. I think we have seen the worst.
Selling drying up?
The corner has been turned,,,,good things ahead
MKGI has multiple revenue streams....next time you talk to Bill, have him explain what we have in store for us when everything is fully implemented
I've been with this company for a couple years and yes....I believe it has bottomed and is turning up....good things are coming....new CEO has cut costs dramatically. I believe they are now profitable or at least soon to be. I told my own kids last week that this was a good time to get in.
I agree that this company is on the verge of being something big. A few more steps need to be completed (ie- up listing, etc) After which one or more brokerage firms will then be able to get behind this company to aid in exponential share price growth. These next several months should definitely be interesting
The way Alex has proven himself so far in his ability to reduce costs, I don't believe there is anything to worry about in that respect. This new hire to head the sales force is a proven commodity. I like the direction Alex is taking this company.
Tony Smith joins RBIZ....Formerly with MOVE.COM (acquired by News Corp).....Alex, our new CEO states, "Now the company is perfectly positioned for top line, revenue growth."
I firmly believe the corner has been turned.
Bill would be able to give a much more definitive answer...all I know is that there are a couple requirements we must fulfill before we up list
Just like MKGI, they are developing a multitude of revenue streams
From the little that I know, things are going well for the company. They are in the process of creating a multitude of revenue streams. The share price on the other hand is apparently in limbo. This board has 138 followers, who must have all the stock they want because they are not buying or selling. Until the up listing is completed most large firms can't take a position in this stock. This last year OTC stocks have become off limits for most companies, which is why we will eventually be on a larger exchange. In the meantime we are dependent on either present shareholders buying or at least spreading the word about this stock. Once we are on a larger exchange these prices will really look cheap
I believe it is a combination of real buying triggering the beginning of short covering
This company is shaping up to be a diversified, revenue generating machine.
Could not agree with you more...By continuing to sell and drive the price down, they are delaying the uplisting and the time when large brokerage firms can begin to take positions in this stock. Most large brokerage firms can't invest in OTC companies...hence the reason for the uplisting. There are so many good things happening with this company. Even with the selling we will eventually get there, but these shortsighted sellers are certainly slowing things down. This could very well be a $20/share company in 3-6 months. This company is on the verge of big things.
With the multiple deals with billion-dollar companies already signed.....and these are the deals that we know about....it makes no sense why people are selling. In three to six months, if not sooner, the people selling now will realize they made a serious mistake. The rest of us might as well continue accumulating here....this company is on the verge of being a home run
I believe there is a lot of activity going on behind the scenes....hopefully the share price begins to reflect it soon
The stock price has definitely been driven down,but the company itself is in the best shape it has ever been in. If the stock price can show a pulse, the rest of the year in both RBIZ and MKGI could be interesting.
Do me a favor and look up the definition of "patience"....Up listing takes a certain amount of time...after it happens news should follow
patience will be rewarded
Their cash burn per month has decreased dramatically recently after a few internal changes....they were only a few contracts away from being cash flow positive...their new CIO/COO, Alex, has reduced the cash burn to $40,000 .....I think with the recent contracts that we may be already there or at least right on the verge of being there
I believe the corner has been turned as far as running out of cash..we should know soon
I believe as the year progresses it will be proven that their technology is in much more demand than you believe ....we will see who is proven correct
I believe behind the scenes that the company is progressing nicely....In this interval few people, other than old shareholders, even know where to find the company's ticker symbol. News will be coming, but there is a time and place for everything. Most big brokers are limited in buying OTC stocks, which is a large reason for going to the work of up listing. Once we have our new symbol AND we are up listed the news will probably begin to flow. Be patient. These prices will more than likely appear cheap later on this year,
News today....another partnership....this time with a very large company.... these partnerships will not only help on the travel side, but also with the rest of Monaker's products ....Big news!
If you decide to stick around, let's go back to this conversation in a few months. I believe we are close to the proverbial light at the end of the tunnel...I hope I'm right
Guys...I believe the second half will see big improvements...I am afraid those that leave now will miss out on a turn around
Remember that 4,000 share volume now is the same as 200,000 share volume before the R/S....I am impressed by how few of the old shareholders have been selling now that we are beginning to receive our post R/S shares....they obviously are trusting that the company must have big things planned
I believe the O/S shares are 1.2 million and the float is between 400,000- 500,000
I really believe anybody who doesn't allow this company to execute the plan they are putting in place, before even thinking of trading out of their position, will have missed out on one helluva ride.
If you read the yahoo press release for the R/S and name change this morning, I think we are beginning to see the tip of the iceberg on what the company is becoming. I think we are in for a very rewarding next several months.
I believe MKGI
They apparently have everything they need submitted...waiting on approval....timeline is not in their hands ....should happen any day
All I will say is this...in my opinion people should be thinking about buying more, not selling.
I believe making an acquisition easier is one of the reasons the two companies were split.
Yes....there is light at the end of the tunnel
I don't believe what's in the 10-K as being the important thing. I believe the most important things are on the horizon. The 10-K from both RBIZ released yesterday, and NXOI released today make the split of the two into separate companies official. The second half of the year will hopefully be huge for both companies. Let's see how this all plays out, and wait for the hoped for announcements to start.
10-K came out today...very possible R/S happens tomorrow