Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Because . . . . . . . . .
The PPS is so low, it's not worth selling imo.
You're right, there's no reason to defend ZERO trading volume for 2 straight days in a row, whether you call it a "halt", "slow", "dead", "incapacitated" or otherwise.
It would be great to hear about what happened to "Wantback"?
If you find anything else that you think I need to "defend", please bring it to my attention and I'll take a look at it.
I'm seriously shocked that a company with marketing that makes it sound like it's going to be up to speed with the likes of Netflix can be such a poor monetary performer with what I would consider very simplistic apps. But maybe you're right, maybe after 4+ years and possibly over 1B of share distribution at a 75% discount this little engine will. Those who like those odds will buy, that's for sure.
Hasn't happened with over 2000+ apps in the market and a previous "wantback" social media app that is now MIA. I'm confident a marginal app with creative marketing will be tried. Game changer? I highly doubt. If it were that great, MRNJ could get its own private funding- not a 75% discount share give away.
Maybe the new CTO can create the next app?
I have little faith in companies with unaudited financials that don't disclose revenue share, but persist in marketing a client's content as an indication of successful revenues when said revenues have been under $1M for over 4 years.
BTW- trading was ZERO yesterday and the day before, like the ZERO apps in the top 200 OVERALL. You seem to be technically oriented, ZERO trading volume with trading higher today could be classified as a halt in trading. By definition "halt" is temporary. What caused the halt is another matter.
Yearly there is an average of about 200M shares traded, with 2010 being a record of over 1B. PPS is still flat. More shares will be added if this funding goes through.
Only 2700 reviews from all of those countries? Seems small. I still don't understand how a country who's primary language is not English can be in a top 1 status. Maybe stats for certain countries aren't that high? It's my understanding these are English apps.
I will say though, irrelevant my musings are given it's G.H.'s content and mainly revenue that I believe this applies to.
Interesting, less than 1/2 of the current shareholders even bothered to sign up!
Here are some possibilities as to why: they don't care or they've given up because they lost so much.
And another review . .
Dow o Downloaded today would not open reported it and no one got in touch with me. Very disappointed as have enjoyed glen Harold in the past
February 5, 2014
Again, it's about GH imo, not the app. The app just plays his content!
Here's another one . . .
Love the app...customer service sucks. Here's the deal, I love the app but I have this on my nook and my galaxy s4. Same account...But I don't have access to the ones I have purchased through app on both devices. That is completely ridiculous. I have paid for these apps and should be able to use them on whatever device I want. I have asked about this through the tech support email, I got one response asking which ones I bought, then the next email was an automated one telling me to visit GH's website. No help at all.
May 3, 2014
It's the content that people love and I'd almost bet my life G.H. keeps most of the revenues on it.
Bright and sunny without substance has done pretty much nothing for the PPS by MRNJ.
MRNJ needs to make sure that next marketing wave campaign has a real product that they own most, if not all of the revenues on! This will move very little on lip service and past rankings on other people's content imo. And the app needs to be in the top 200 OVERALL before it would even be considered as a buyout app imo. They've NEVER hit that from my knowledge.
Allowing MRNJ move its own marketing lips would be the wisest move imo. Backing MRNJ's type of advertising muses and embellishments, for me, would be of little value to supporting the integrity of other people's money.
Halt definition and ZERO volume . .
Halt that I refer to:
a suspension of movement or activity, typically a temporary one.
http://www.google.com/search?q=halt
nasdaq.com had N/A in some columns for MRNJ trading. Now I simply see ZERO trading volume for the past couple of days.
Something to look for in the marketing . . . . who's paying for it?
http://www.marketwired.com/press-release/valencia-research-group-initiates-coverage-on-metatron-inc-with-speculative-buy-rating-1213904.htm
Valencia Research Group is an independent research firm and has been compensated $3,000 by Rovert Consulting, Inc for the research report.
This $1.11 "buy" target was written by Rovert, a company that MRNJ distributed shares to for $.
http://www.timothysykes.com/2010/01/the-cost-of-free-penny-stock-newsletters-thehotpennystocks.com-latest-pick/
Penny Stock Finder has been compensated by Blue Wave Advisors four thousand dollars for promotion of MRNJ for one week.
Here's another one where a company paid to talk about MRNJ on a penny stock website.
Anytime anything is written and outside sources pay for the PR, you have to use a highly skeptical eye. However, I believe the marketwired news itself has to be approved by MRNJ.
With the halt in trading today, I wonder if the new share distribution is getting worked out behind the scenes.
75% discount- insane!!! How about a private loan at 10% given to management right away that they can then partially use to buy their own shares back and prove to shareholders that they are willing to take a risk in their own company? Or maybe each manager can own more than around 5% each. That could show some confidence.
If this PPS is going to spike so high, surely MRNJ and management would want to take advantage of that.
2000 majority PUBLIC DOMAIN apps or someone else's content. Public domain apps are little to no cost and I make a valid assumption that present day people with unique content will keep a good portion of the revenues.
A few app shells with different content dumped into them doesn't continually require more $ imo. You have an app, you put someone else's content in it . . . the apps are made. High number of apps sought to legitimize a relatively low cost business imo.
And all that specialized marketing? FYI, facebook posts are largely FREE.
Don't forget mediocre "Wantback" was released and in a top something ranking- that was a social media app that it appears one guy wrote. I'm sure MRNJ can come up with some marginal app code named "blink".
With such a stellar ranking at that time for "Wantback", I don't know why revenues were under $500,000 in 2010.
That's pretty much good for Glenn Harrold . . .
as I don't believe that he'd give up much of his content profit to an app company. That's some "play" button MRNJ makes!
Because the PPS even came close in 4+ years?
Good business models and true "game changing" products with more than one developer for some of those products (not the CTO of said pink sheet company) find outside funding . . . it's probably done everyday. And if the product were that great, why 75% discount for the givers? I smell risk aversion by Macallan, but anyone who likes the risk can buy more!
Macallan buys at 75% off-NEW calculation . . .
.0017 x .25 = .000425
This is why I believe it will be difficult for current shareholders to get out:
Let's say they want to sell 5,000,000 of those shares to the open market at .0009.
10,000,000 x .000425 = $4250
10,000,000 x .0009 = $9000
Macallan can more than double their money and sell the stock at less than it's been currently trading at. Some incentive, huh?
I do not see how any marketing done to entice new investors would benefit current shareholders. It benefits MRNJ, a company with questionable ethics and a fair amount of outlandish marketing claims under its belt . . . and Macallan, who unlike the average investor, can make money on the spot according to what I read.
http://www.sec.gov/Archives/edgar/vprr/14/9999999997-14-008992
Perfect timing for Macallan to potentially sell 1B+ shares like the 1B+ trading volume in 2010.
I wonder if "blink" will be an advanced version of "Wantback" created by the previous consulting CTO. I'm fairly confident the current holding shareholders "want back" their money.
Still no SOU on Appflix . . . .
A "statement of use" needs to be filed before Appflix can be registered. If it is not filed within a specific time period, the trademark will not be registered. MRNJ almost neglected to file an extension to this trademark- a SOU or extension must be filed every 6 months or the trademark can be lost. Only 5 extensions can be filed, after that, the application process would have to start from the beginning again. It costs MRNJ $ every time they have to file an extension, which would be because there is no documentation of a product/service out yet (SOU submittal).
http://tsdr.uspto.gov/#caseNumber=85645561&caseType=SERIAL_NO&searchType=statusSearch
http://www.uspto.gov/trademarks/basics/next.jsp
Many indicators of economic RECOVERY in 2009 buddy . . .
http://www.bls.gov/spotlight/2012/recession/pdf/recession_bls_spotlight.pdf
http://seekingalpha.com/article/179172-nasdaq-now-up-nearly-75-percent-from-its-2009-low
So you think the quotes in the marketwired news by Joe Riehl are not true?
Wow, it looks like Michael Sunyich himself published it! I believe he was the consulting CTO for MRNJ around that time. I guess he decided to write that game changing app himself? That "popular" Perfect Profile dating app is also MIA now. It all just seems very small potatoes to me.
http://www.appannie.com/apps/ios/publisher/michael-sunyich/
http://www.marketwired.com/press-release/metatron-partner-i-mobilize-announces-agreement-with-mobile-application-developer-mef-1209811.htm
Whatever happened to that social-networking app-"Wantback"? . . .
Here are some excerpts from
http://www.marketwired.com/press-release/metatron-partner-i-mobilize-announces-agreement-with-mobile-application-developer-mef-1209811.htm
SAN DIEGO, CA--(Marketwire - August 24, 2009) - Metatron Inc. (PINKSHEETS: MRNJ) today announced that its partner company, i-Mobilize Inc., has entered into a development and marketing agreement with web and mobile application developer, MEF Solutions Inc.
The companies have already created their first co-developed application for the iTunes store. The "Wantback" application has consistently been in the top fifty most downloaded apps in the popular Social Networking category on the iPhone store. Since its launch, "Wantback" has been downloaded thousands of times and will soon be updated with targeted mobile advertising for additional revenue.
The companies together have over one hundred iPhone apps in the pipeline to be released at a rate of about ten a week starting this fall. Their latest apps debuted in the top 10 of their respected categories and are expected to surpass the download rate of i-Mobilize's previous apps when the dedicated marketing campaign commences next month.
This might have been part of the "dedicated" marketing campaign:
Thanks Storm. I wonder if that move up on the moving average line will raise the PPS and if it'll happen by news or an actual game-changing product being delivered. Technicals are sure hard to understand in a company like this, consistently rising PPS even more difficult. It's like looking for an ant in a mound of dirt and finding out there's nothing but animal excrement.
Game changing news for Macallan to get out you mean?
They may have over 1 billion shares to make some money back on if they haven't shorted it first.
I think MRNJ will have a "blink"- some stated percentage share of it made by a company name not overtly linked to i-Mobilize. Then they'll have some revenue numbers associated with "Blink" that will be difficult to understand what MRNJ actually makes.
MRNJ can then try to build credibility by saying, "see, we told you we'd get it out . . . now forget about all the other game-changers and subsidiaries, AppFlix is next!" Then, another public domain app, this one being a "mega-app" that will be out way too late as competition is fierce in the movie arena. Unaudited numbers will keep looking up, ET and GH will be marketed as if MRNJ owns 100% of the content.
And the circle of MRNJ life continues.
Shareholders definitely have a case for fraud . . . . imo
There are too many undeliverables documented. Unless the company decides to make good on some of the product and/or services they said they'd have developed. Having client apps doesn't make up for it to me- clients pay for that and it's their content. Putting out public domain content apps in relatively the same app shell to add to the number of apps out doesn't do it for me either.
You could say that MRNJ is real because "they have product", but MRNJ doesn't have out the main game-changing products that were marketed at the peak of its PPS.
IMO- stop the rhetoric and get the product out! You didn't need funding then, but now you do? 2 and 0 don't add up.
MRNJ seems to love to market the fact that ET is on Oprah. I'd love to see an interview between Oprah and Joe. If Joe's so connected, surely she can help him.
Recalling circa start of MRNJ marketing.I'm glad Joe believes in accurate and timely material and financial information. MRNJ gave out $750,000 worth of shares to PB Magic, that was supposed to average $1.5M per year and yet MRNJ is still less than $1M in revenues? Unbelievable! And Just Data was supposed to be a stand-alone revenue generator? Haven't seen evidence of that. Nationwide commercials for the stellar dating service? Don't think we saw those either. How about AppTune in 2010? MIA I think. Take a look at some of the marketing:
Joe Riehl, CEO of Metatron Inc., stated, "We believe very strongly that all public companies should provide accurate material and financial information to investors on a timely basis, and it is our intent to maintain the 'Current' designation on an ongoing basis."
http://www.marketwired.com/press-release/metatron-inc-receives-current-information-designation-on-pink-sheets-otc-market-1218519.htm
The following summarizes the operations of Metatron's partner companies.
-- CupidsDevil Inc. Founded in 2002, CupidsDevil enables adults to meet online, participate in a community and form casual relationships. To boost membership and create widespread media exposure, Cupid will soon roll out an iPhone application, which uses a patent-pending technology called MediaMatch to link members based on the types and frequency of their real-world media usage. Management is not aware of any other online dating
concern doing this at the present time.
As part of the direct marketing campaign, there are also plans for a series of nationwide TV commercials for CupidsDevil.
Joe Riehl, CEO of Metatron Inc., stated, "We are thrilled to partner with a direct-response company the caliber of Beanstalk. Their client list reads like a 'who's-who' of direct marketing giants, and we believe the firm's experience and connections will bode well for Cupid. We look forward to a solid response and to re-establish the CupidsDevil brand in the online dating space."
http://www.marketwired.com/press-release/metatron-inc-signs-marketing-agreement-with-beanstalk-media-1217230.htm
-- i-Mobilize Inc. i-Mobilize's mission is to be a leading global provider and developer of mobile applications for the iPhone, Palm's new Pre, BlackBerry, T-Mobile's G1 and other mobile devices. Strategy Analytics claims the mobile content market will reach $67 billion in 2009, up 18% from 2008.
i-Mobilize has several appTune releases submitted to the iTunes store which it expects will be released by Christmas. Its future plans include releasing new Hi-Def appTune Videos and full albums by Spring 2010. It will also be available on Droid platform by the new year.
Joe Riehl, Metatron CEO, said, "This is a ground-breaking new product that we think will resonate with both the iTunes universe and the music industry in general. Both new and established bands are desperately seeking new ways to get their music and personalities to their fans, and the appTune now stands as the best digital source of multimedia interactive music content."
http://www.marketwired.com/press-release/i-mobilize-launches-the-apptune-1178621.htm
-- Just Data, Inc. Just Data, Inc. is an Internet Payment Service Provider (IPSP) that enables merchants to accept payments online. Just Data's flexible solutions process credit cards, electronic checks, and telephone orders, and work with any business model, including internet,broadband, wireless, call centers and even retail establishments.
-- Creating recurring and predictable revenue streams.
-- Maintaining a merchant focused culture.
-- Fostering a scalable operating structure.
-- Utilizing the latest, advanced technology.
"The interesting thing that we are seeing now, however, is that while we originally worked with Just Data only with our sites and services, we now have potential contracts in the works just for transaction processing, which we expect to announce soon. In other words, we anticipate that Just Data will prove itself to be a solid, stand-alone revenue generator and will be very happy to welcome them into our team."
http://www.marketwired.com/press-release/metatron-inc-announces-letter-of-intent-to-acquire-just-data-inc-1213215.htm
-- PB Magic Inc. PB Magic Inc. is an internet professional services firm that provides consulting services in the areas of web development, mobile software, online marketing, "Pay-per-Click" (PPC) management, SEO services and corporate strategy to internet-based businesses. Due to management's depth of experience, PB Magic is able to generate improved returns on
investments in advertising for its clients and base its fee structure on the subsequent increase in cash flow.
SAN DIEGO, CA--(Marketwire - November 23, 2009) - Metatron, Inc. (PINKSHEETS: MRNJ) is pleased to announce that it has completed the acquisition of PB Magic, Inc. for five million shares of its restricted common stock valued at $0.15 per share.
Founded in 2000, PB Magic provides web hosting, design, development, custom programming, database integration, and PPC/SEC advertising campaign management to Fortune 500, public sector and small business clientele. The firm has been engaged by hundreds of high profile clients throughout its history including Boeing, Scudder Investments, ADM, and Yum! Brands (Kentucky Fried Chicken), and has averaged approximately $1.5 million in profitable revenue per year since inception.
http://www.marketwired.com/press-release/metatron-acquires-pb-magic-inc-1176845.htm
http://www.marketwired.com/press-release/metatron-inc-announces-new-business-direction-1217717.htm
Thank you! I don't believe they need funding to get some of the game changing apps out . . . but getting them out would be good, even if it doesn't completely nullify the embellished marketing.
A reputable company would make good on the promises.
I'm going to guess they already know and welcome the "funding" opportunity.
ZERO apps in top 200 OVERALL . . .
That's where the money is at boys and girls! That and apps in which developers have close to if not 100% of the revenue share because they own the app and/or the content. I don't think that's the case with G.H. or E.T.- MRNJ will have to phone home on that one. And Blink, well, that was stated in the past as simply a revenue share as well.
Appfriend, since you included my name . . . .
If you look at my posts, you'll notice that I add a lot of DD information, I don't simply repeat the same thing.
Here's some more:
http://www.appmakr.com/pricing/index.php
The above is a company that let's people create content apps for little to no cost. There are others that do this as well. Why? Because it's about the content, not the app and the app is easy to create imso.
Metatron at one point claimed that it could produce huge apps in months because of its phenomenal technology. 10,000 hours in programming to be exact:
Metatron CEO, Joe Riehl, said, "We are extremely pleased with Apple fast-tracking the approval of our next generation Mobile Content Delivery System. This gives i-Mobilize the ability to service its content partners in ways that were previously impossible. If our larger partners were to give us 10,000 hours of programming to make into apps, it would normally take months to get that ready for sale -- now we can do it in days."
http://www.marketwired.com/press-release/i-mobilize-releases-mobile-content-delivery-system-1183509.htm
I don't think it's a lot to ask to have the company get out what its claimed it would get out, in terms of "game changing" apps. Then maybe some of the people that got in because of this type of marketing can get out, like my amigo.
What I do imo is much more expansive than merely posting the rankings or blog information, which I'm fairly confident MRNJ would love because it's like free marketing. I'm just about the facts.
And here's another one- ZERO apps in the overall top 200 list!!!
Let's say PPS average for financing is .002
.002 x .25 = .0005 PPS for Maccallan (75% off of PPS). MRNJ wants to get $1M out of this.
$1,000,000 / .0005 = 2B shares distributed at .0005.
(note, at this point, .002 is a high estimate)
You forgot- "funding"=up to 1B or more share distribution to a company that's only been in business a couple of years at a 75% discount off of an average traded PPS for 15 days.
http://www.bizapedia.com/us/MACALLAN-PARTNERS-LLC.html
http://www.sec.gov/Archives/edgar/vprr/14/9999999997-14-008992
Johl, your ranking statement is incorrect . . .
You showed a ranking on yahoo of Relax and Sleep Well in the link appshopper lifestyle\iphone\grossing, but wrote "One of the many MRNJ Apps ranked in the Top 200 over all categories."
It is not OVERALL, as I think you know because your link shows it's in the lifestyle category for iphone grossing.
Nice marketing, but they surely aren't making 100% of the revenues on someone else's content . . . we have the 30% cut right off the bat, not to mention the artist!!!
You're pretty confident in this, I think you ought to buy more shares!
Don't forget that OVERALL app rankings make up about 1/2 of all app revenues and MRNJ has ZERO apps in that status. Money actually made and rankings can be deceiving, as can be seen by the under $1M revenue with, what, 2000+ apps? Those few shell apps sure can be used to input lots of different content, even if it doesn't bring in much $ beyond the average of around 200M shares traded per year- minus the 1B share year of trading.
There is a public competitor that is claiming to get off the OTC- BLAP. This would be a more credible direction for MRNJ. And this company didn't have any celebrity apps that I saw! Wow- projection of $7M in revenue.
So you think MRNJ, who partnered with a few "successful" companies that had "solid" revenue histories, one since 1998 . . . just realized those 3 companies weren't profitable, decided to just focus on i-Mobilize, inc and then made all its revenues from G.H.?
That would mean G.H., a guy that I believe is part owner of Diviniti Publishing and a pretty well known publisher in U.K. would give up much of the intellectual property revenue rights of content to an app company to publish his and others' work? I find that unlikely. I'd like to see a financial breakdown of those other companies, including the actual money taken in for MRNJ from apps (not including the cut given to content owners).
I find this all difficult to believe in a world where content apps are not that hard to make and the apps are selling because of the content.
For example, check out private company Mobifusion's site, which states the following:
"QUICKLY AND EASILY
Mobifusion's platform allows you to simply drop your files into our system to begin the process of developing and distributing Apps."
It lends credibility to the idea that these are "shell" apps in which content is merely inputted. I don't understand how or why it would be very costly to input content into already developed shell apps.
http://www.mobifusion.com/
http://www.marketwired.com/press-release/metatron-inc-commences-trading-1223114.htm
MRNJ started out so promising . . .
The current Metatron partner companies consist of 1) online dating site, CupidsDevil, a conglomeration of smaller dating sites operating since 2002; 2) merchant processer, Just Data, Inc.; 3) web design, development and online marketer, PB Magic, Inc., founded in 1998; and 4) mobile application developer, i-Mobilize, Inc. Each is targeted for acquisition during the 2009 fiscal year.
Commenting on the Company's new status, Mr. Riehl said, "We first want to make it clear to the investment community that while Metatron itself might be relatively new, the driving forces behind it are not. Collectively, the founders of the partner companies, including myself, have worked together in one capacity or another since 1998, and many of our partners have years of solid revenue history and web experience with such household names as Mario Valente, Car and Driver, and NiNE Mobile.
MRNJ didn't sound like much of a new and upcoming company according to this marketwire clip. You'd think you were investing with seasoned professionals.
http://www.marketwired.com/press-release/metatron-inc-commences-trading-1223114.htm
Scrutinizing is easy when the products lack ingenuity. Let's get some of those marketed game changers out!
* product meaning the app itself, not the content.
I'll just assume you're so happy with MRNJ, you keep buying and buying, just like you seem to hope others will.
Sounds like you'll be buying more Johl!
I take it you think the stellar way that the MRNJ app places that "play" button has more to do with sales than the client's content and that the artist just gave more than 50% of their material to MRNJ for that phenomenal ability to show a video on an app.
Better than other app companies because its profitable?
XRG was $6M gross profit in circa 2005 . . . . Poor little engine that couldn't company folded and turned into this app company that's also profitable and cares so much about shareholders its getting funding at a 75% PPS discount! That was way worth the wait! Funny how perfect the funding timing is, just as outstanding shares are maxed, the "funding" happened! Amazing!!!