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totally agree pat
I agree...panic selling because expectations for this 10Q were not met. Many good things going on for this company. I said this before but its much harder to grow revenue than it is to cut expenses. These guys have terrific top line revenue going for 2011. They need to get their expense line under control and Bonar has 28 Million reasons to do so! People buying here will be solidly rewarded IMO.
I will not sell 1 share either. Stupidest move is to sell on this news IMO.
Yes I agree...that is a problem but it appears that a fair amount of the problems were related to workman's comp issues-more than $1M of it. No doubt this needs to be cleaned up but it is easier to cut expense than grow revenues...just ask Congress!!
Still $5M more in revenue YTD
HUGE NEWS OUT...Nov. 21
AEN may have just put together it's best deal ever. Mr. Kirk, who owns Intrexon is worth billions and only wants to partner and invest with the most innovative, quality biotechs. This development cannot be overstated!
The one good thing is the revenue line. With the acquisition of Solvis they will have much more economies of scale which will allow them to cut expenses. Seems like workman's comp. was a big expense here as well.
How realistic is $2.5M in profit in your opinion. Would love to see what others think about the profit number as well. Thanks!
Don't sell...keep the ask at $1.97. There is a quarterly due out in three weeks. This company's revenue line has continued to increase. They had some one time roll out problems with a specific product that affected net income but that will not be the case this quarter. If you can wait three weeks or less (if there is a run-up into the earnings) then you will be rewarded IMO.
Me too. If it hits that I will buy 5M more shares! Redicilus that this is even approaching that. This company's future is do much brighter than even when it hit .03's that I don't understand it. Their share structure compared with some other APP pennies is actually favorable so people using that argument should stop. These guys will have a big 4th qtr. revenue wise, I'm guessing their biggest yet. They will also have a few big product announcements. We may not go north today but we will be going north.
That is an absurd statement. The "ship" hasn't gone anywhere yet! The risk here at the whopping sum of .004 is quite minimal. The upside if even a third of what the Company says is coming actually comes is staggering. The comments that people are making about this Company are redicilous. I saw a post on yahoo yesterday about a "real" app company that has a new Harry Potter App out and is trading at .002 and had 850M shares outstanding and they were crushing MRNJ who has less than half of that outstanding for being diluters! Which is it? I happen to think that the company referred to by that poster will do well because they are doing the right things in a dynamic market segment. MRNJ is doing those same things. I think they will do well in the long run too. As for the ship sailing...it hasn't been built yet and no one is quite sure what port it will sail out of but it will indeed sail!
Thanks
Thanks Storm...any guess as to when we will see financials?
Your post basically says it all. I would understand all these naysayers if these guys really didn't have a product that could be purchased and sales that can be tracked. Add to that that the Company continues to churn out apps and every once in a while comes out with something pretty big. I'm not expecting a MJ App at all. I long ago gave up on that. Even if they really had a deal my guess is that it wasn't clear cut and no matter what it will be tied up in litigation (not with MRNJ because they can't afford litigation) with whoever Metatron thought they had a deal with. No one has ever seen a deal sheet on it and therefore I dismiss it from my evaluation entirely. Having said that there are many other positives for this Company. Their association with Eckhardt Tolle is a big deal. Doing client work on individual FB stores is positive and another revenue stream and their own FB App store could be huge IMO. This is an investment that people have to be patient with. If its just a trade people are likely to be disappointed because its hard to time it properly. This is the kind of company that could move 2,000% in a couple days or a week. I don't really care how many people bash it. I wait for the financials and product or strategic announcements, period. The fact that they have to sell stock to pay for operations from time to time is understandable in the absence of an investor. Trying to stir something up by pointing to insider selling like it was some big board oil company is ridiculous. Once they hit a certain critical mass they will inevitably attract an investor or someone who wants to take them out. They are clearly moving in that direction. For that matter, someone like E.T. or G.H. could throw $3-5M at their development and not miss the money, you just don't know.
I think we will see it by Thursday next week.
Who is this from, and when? Can you provide a link. Yes it sucks but there is another Q coming in a month. I won't sell before that!
no idea but this stock trades in some crazy ranges so I'm not selling...I can wait
if its not considerably higher than that I and I suspect many here will be disappointed.
me too...people will be sorry once we get some revenue numbers and a few key announcements are made.
Ditto
Yeah but the Company states the poor initial reception of one of their particular products that needed a rework. This was $900+K of it. I understand what your saying but were talking $5+M more in revenue. Hell, they can cut certain costs in order to bring profitability in line but additional revenue is always more difficult. I'd say the benefit here should go the way of revenue but not sure the investment community will see it that way. There has been no PR from the Company either which may also help. Additionally, the market was down 276 points and PLCM as a gauge was down 5%...a much more liquid stock. I don't think this is much of a ding and we may see some positive movement in the days ahead. JMO
You tell me...
Not to rain on the dumping on MRNJ parade but how else do these guys fund any larger cash requirements to build out their business? Its not like the CEO of some mid-level biotech with a new drug announcing they were selling shares. This is a fledgling company after all and everyone knows it or should know it. What about development costs for the Netflix type app and the Facebook app store. You have to pay someone to do that kind of stuff. I think that their partnerships are encouraging actually and they are clearly in a much better spot than they were two years ago when they were openly saying they weren't sure if they could continue operating and a couple of folks resigned because there was no way to pay them. Seems to me that they are doing some real, documentable stuff. The only surprise here should be people who think that this Company is something that it isn't yet. I think we will be pleasantly surprised with the next two Q-reports and as more products roll out and they make some more money they won't need to do this nonsense anymore. Unfortunately I'm not convinced they have much of a choice right now if they want to grow. Just my opinion of course...I'm sure some will disagree which is fine.
Revenues were up 39% from 2010 to $23,000,000...10-K out yesterday!
is there something specific that leads to your optimism or just past performance? I hope you are right regardless!
What is the date range that they are due out?
Thanks. Hopefully you are right. Too bad there is no one that does an earnings preview on these guys.
Can anyone speak intelligently about what they expect from Eon's fourth quarter and year end financials due out on Monday Oct. 31...thanks!
Yes, but I think the PR newswire was out less than 20 minutes ago which means a lot more people will see it now.
Chardan Capital initiates coverage of AEN...just out on PR newswire...
http://www.prnewswire.com/news-releases/chardan-capital-markets-initiates-research-coverage-of-adeona-132690578.html
We have been saying this for a long time...I hope that all of us are rewarded this time.
Would love to see that move up we all have been talking about. Hope it doesn't take another 70 days. It is extremely unfortunate that this is languishing at a level that seems more appropriate for a penny stock with little revenue and a gloomy future. I really cannot understand it. I do hope that they undertake a real and sustained public relations effort. My experience tells me that uplisting to another exchange can take quite a while for companies to accomplish. In the meantime they should be focusing on creating value (which they are) for the company and its shareholders which does mean paying at least a requisite amount of attention to the stock price and its perception.
Here is the biggest thing I like about this deal. The purchase price was $535K for a Company that is taking $300K to the bottom line. Companies would line up all day everyday to do that deal.
I guess we're about to find out. Plano, have you talked with Bonar about uplisting and if so is there a timeframe?
Looks like the Solvis net income for 2011 was cut in half. They should have saved that announcement until they knew better which obviously they do now. Wondering where the $300k went? That is the type of thing that affects people's confidence. Its not a huge, huge deal but it is significant. If I am off base please let me know what you think. This should be trading much, much higher right now regardless and I am hopeful we will see some movement fairly soon. It may be a month but I hope it's less.
Thanks Storm...I think that many people are waiting for a PR on sales figures from the last week. What they are doing from a promotional standpoint is solid but to move this thing to where it really should be I think revenue numbers and guidance are needed.
SPFMD...trading at .01 as of Friday. I thought LGTT shareholders were supposed to get 1:1 on SPFMD stock. Is that accurate and if so when does it take effect and show up in our portfolio under the new ticker?
I imagine that we would have to get the 8K by next week. If it comes out over the weekend even better. The Q next month should be very positive as well.
You guys that even think he was serious are as gullible as they come. This is a tiny Company doing some good things...just be patient and wait for more good news. This will be the best qtr. for MRNJ to date and things are picking up pace.
Do we see an 8K this week? Any guesses or insight?