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Please contact IR with your suggestions, as you are bright and may give them some good ideas they can implement to improve sales.
Discussed at great length in the past. General conclusion was that ET does NOT promote his materials, he is not a high pressure sales/marketing-oriented author, unfortunately, as I recall from those discussions, which if I correctly remember, Storm had some comments to make; perhaps Storm could reiterate more eloquently. Hopefully, Gary Zukav will be more active in promoting his long-anticipated app that is yet to be promoted, as you know, the recent blogs indicate that he is adding new materials before promotion on his new app begins.
Thanks, Storm. I think that helps everyone.
Patience is the key to winning and will be rewarded, as it usually is. Not changing streams is a good strategy, too, in my opinion. Someone will find later that they have missed the boat, I believe. News is coming. As I recall, the blogs stated in December that the company would avail itself of some sort of financing deal in the first quarter of 2014, which has about 3 weeks to go now. Also, blogs said that it would be introducing AppFlix early in 2014 along with the social media "Blink". The clock is ticking. Some have suggested this meant by June 2014.
AppFlix is what everyone is waiting for; its launch and potential. Maybe Storm could let us know, since he is so familiar with prior posts, exactly what the words is from the company on when AppFlix is going to be introduced?
Colectin, my sentiments, too; especially the past week or so when 10-12 million shares passed hands. The messages on the boards kept mentioning that people were selling but little talk about those who were buying the shares, no spot lights on that aspect of it.
I believe in my investment more than anything else because IR has always, for 4 years running, been attentive to my emails. I used eTrade recently to add shares and think is is a good vehicle for investing, perhaps you could check that out? I agree that the company was putting out much too much info that was not manifested and it was used against them and has led to a constant malaise in the pps. If they do not overload with irrelevant information then it cannot be rehashed and discredited on a day by day basis. They recently asked whether we thought that App-Flix should open as a niche or be mainstream. When I replied my point was appreciated. Thanks for being positive.
Colectin, good point about the backlash fallout of bad press for the clients, esp. the top one who has plugged MRNJ numerable times, not to mention that some of the clients are shareholders, too. I agree with you that a RS is not going to be likely, but raising the shares is more likely but still not as good an option as raising funds, hoping for news on App-Flix soon, cannot waste that potential; the name is such a winner, must get into the game sooner than rather than later and it makes great sense to put App-Flix out before introducing the new social media app code-named "Blink" because the cross - association will be quite synergystic in my opinion.
Great presentation/review! Thank you.
could this be the result of some testing going on?
First quarter of 2014 was mentioned as a possibility
Hopefully!!
WOW, that is a BIG jump, the last I recall he had over 600,000.
Dec. 31st, 2013 blog states, "We expect some funding to come in early 2014, still in talks w/ various parties." If I correctly recall his statement, Storm subsequently noted in one of his updates that this probably means sometime before June.
Agreed. It is also worthy of mention that the company has been very open to suggestions and input from investors, which has been evidenced many times. For example, I remember when the company was asking us to come up with names for the new media app, which eventually became App-Flix. I submitted many prototype names which were not used but it was to feel that I could use my imagination to possibly make something I was invested in emerge in a better light. Recently, the company was asking investors to look at the new Glenn Harrold app format and provide any feedback. I looked at it and sent a note to IR and they responded to it. The company is very responsive. I do not believe that they would get involved with shareholders if they were not legitimate. It is still a very new technology and the possibilities are increasing, which is the point of so many recent blogs that demonstate the skyrocketing pace of acceptance of apps. It does not takie a great leap of faith to see that there will be a LOT of opportunities ahead as businesses get more and more digitally oriented and advertising budgets get more liberal with the digital media. The funding remains the biggest problem that I can see for everyone involved. Banks are NOT what they used to be, they DO NOT readily lend $$$ anymore to entrepreneurs. Instead, they get very thin margins and vast sums from the Fed. to invest and they invest it in already proven stocks and other devices such as very risky derivatives, but they are trying to maximize profits for their boardrooms and NOT for mainstreet. The struggles with developing homespun businesses to get funding is epidemic and is crushing our economy because this failure leads to failing small businesses that could create new jobs if they could find funding. The funding dilemma facing MRNJ is holding down our entire economy, unfortunately.
Agreed. It is also worthy of mention that the company has been very open to suggestions and input from investors, which has been evidenced many times. For example, I remember when the company was asking us to come up with names for the new media app, which eventually became App-Flix. I submitted many prototype names which were not used but it was to feel that I could use my imagination to possibly make something I was invested in emerge in a better light. Recently, the company was asking investors to look at the new Glenn Harrold app format and provide any feedback. I looked at it and sent a note to IR and they responded to it. The company is very responsive. I do not believe that they would get involved with shareholders if they were not legitimate. It is still a very new technology and the possibilities are increasing, which is the point of so many recent blogs that demonstate the skyrocketing pace of acceptance of apps. It does not takie a great leap of faith to see that there will be a LOT of opportunities ahead as businesses get more and more digitally oriented and advertising budgets get more liberal with the digital media. The funding remains the biggest problem that I can see for everyone involved. Banks are NOT what they used to be, they DO NOT readily lend $$$ anymore to entrepreneurs. Instead, they get very thin margins and vast sums from the Fed. to invest and they invest it in already proven stocks and other devices such as very risky derivatives, but they are trying to maximize profits for their boardrooms and NOT for mainstreet. The struggles with developing homespun businesses to get funding is epidemic and is crushing our economy because this failure leads to failing small businesses that could create new jobs if they could find funding. The funding dilemma facing MRNJ is holding down our entire economy, unfortunately.
Don't try to help anyone, you will still be a shareholder no doubt.
What I have been told all my life is that if I DO NOT set my expectations of others too high then I will not be disappointed. I am an investor in MRNJ, not a high school music teacher evaluating the latest drama club presentation. I think it is only fair to give some credit for the good things done if one is to legitimately be a critic. To be bias too much to the good or the bad infers an unbalanced judgment.
It does NOT mean that they were intentionally misleading. Since a year later they announced App-Flix, I will give them the benefit of the doubt that it took some time to find the right intellectual property lawyer who could file the trademark application to the USPO. They were probably advised to hold off until they could announce the name and then it got challenged by Showtime and it stalled for another 6 months. They do not have to tell anything in the blogs and I would advise them to STOP giving out such forward-looking previews because there are plenty of people who DO NOT understand business and the timelines associated with development, but as a U.S. Patent holder I can tell you it is VERY naive to think that you press a magic button and presto, a successful launch of any new initiative. I admire the company for being open and revealing but I also think that it has become a liability to those who do not understand what it takes in terms of resources and time to get out in the BIG business world and compete. Like someone else said, who knows how many changes have been required in programming and design along the way. It is best to launch something at the RIGHT time than it is go throw it out prematurely and fail. I am holding my shares as the naysaying spirals out of control.
I save all the blogs and do not see App-Flix mentioned until Tuesday, November 6th. Generically, it was referred to the mega-movie app prior to that, my understanding of it. I saw around Nov. 7th, 2012 mention of there being 500 movie titles ready for the mega-movie app.
App-Flix was announced in the 2012 Christmas season, not 2011, go back and check it.
App-Flix is trademark registered and that was not possible 3-4 years ago when the name was not even conceived yet. An argument to the contrary is lacking the facts. App-Flix has only been trademark registered for a year and permanent legal standing/clarity for less than that. App-Flix has a fundamental simplicity that is self-defining, the trademarked name alone is very valuable in my opinion. It will be very easily recognized in the marketplace, any app company would LOVE to have it. I think it was quite a major coup that such a little company succeeded in securing this trademark. It commands respect. I am not inclined to throw out the baby with the bathwater.
It DOES matter. App-Flix is a stellar name with stellar marketing potential and "what-ya-ma-callit" is meaningless.
Meaningless link, does NOT mention App-Flix.
It is okay to be disappointed and yet keep the larger objectives in focus at the same time. I will not say that I am disappointed but I can say that I would be feeling a bit more reassured if there had been an announced continuance of the moratorium on no R/S or increase in AS. Keep in mind there has NOT yet been any OFFICIAL word on the moratorium so it is ONLY being assumed that it is NOT being extended. I am thinking it may be a result of many things culminating at the same time, perhaps linked to the funding options that we have been told are "on the table". Today's blog, once again, makes it apparent that the company is being solicitious to potential new shareholders. As Colectin suggested a few days ago, it is counter-intuitive that the company would set newbies up for a disasterous share-shuffling, so that makes me believe that something more acceptable to everyone is in the works. I know that you have been here a long time, Remon, we long-timers need to remain steady at the helm for a while longer. I am hopeful that this will be resolved in the next month. The company said about a month ago that it would probably undertake some sort of financing arrangement in the first Q of this year. There are exciting possibilities to emerge, such as App-Flix, which I believe is exaggerated that it has been mentioned in company blogs for over 2 years, to my recollection, I first heard about it around 14-15 months ago. Also the new social media app/partnership is worth sticking around to find out more about, in my opinion. Meanwhile, I am gathering funds to buy more shares. Have a good day.
I will keep my shares, too, and I certainly hope to buy more. It is an exciting industry. Some people unendingly rant and rave that this is a small company with only a few employees and then they are the same ones who condemn the company for not providing immediate gratification in meeting its objectives. I remember when the company did not have a blog and provided much less information than it does now. Instant riches should never be expected, financial gains should never be expected, they should be earned, and earning anything is hard work that does not come overnight. I will keep my shares until the Fat Lady sings and then I will sing another tune. No freebies from me for those who bash any optimism.
I comprehend what you are saying and wholeheartedly agree that it would be a very easy and sensible thing for ET to do to improve his sales, cannot imagine that it is not being done, sounds so very basic and obvious.
Yes, I understood that already. You misunderstood apparently.
Lincoln...I believe that prior to your arrival on this discussion board, there were numerous discussions in the past about ET NOT taking an aggressive stance on marketing. As I recall, the take home message was that he doesn't care much to be a vehicle of marketing and leaves that aspect of his business to others. Yes, that is unfortunate, but people have varying styles and evidently, he is NOT a salesman-type entrepreneur. I agree wholeheartedly, that I hope, like yourself, that Zukav is more aggressive about promoting his new app when it is launched very soon by MRNJ. Zukav's app has taken a long time to formulate, hopefully, he will have the savvy to grasp its reach and the increasing significance of apps with the younger crowd, especially, which I believe is the target crowd for the recycling of his materials. Being older, but perhaps not quite the age of Mr. Zukav, and having 4 older siblings, I understand the slow movement, generally, of older/matured individuals to embrace the app revolution. Also, keep in mind, generally, it is human nature to resist change in general. While ET and Zukav have materials that are "timeless" in content, they themselves are not necessarily so. Hopefully, Mr. Zukav thinks about his business more in global terms and is proactive in its expansion. We will be finding out soon enough.
Excellent presentation and insights. Your perspective is reasonable and appreciated. Thanks for sharing.
Isn't the Blink app supposed to be a social media app similar to snap-chat but with something "extra" that is unknown, and also, isn't it a consequence of a "partner" that came to them and is sharing ownership with MRNJ? It may be coincidental that they are working on this and entered a partnership or it might be that they know where the focus is going and entered into a smart business deal, either way, it seems that they are on the right track going in this direction as a primary emphasis, presently. This is an exciting ray of hope on the forefront and I look forward to learning more details about the deal and the eventual app to come.
Storm, very good point about using yesterday's blog to showcase itself to the new blog subscribers, which number around 200 or so, and were the result of Glenn Harrold's recommendation to his client base. I am thinking that Glenn Harrold's efforts for the company can possibly result in more investors, is not that the obvious impetus? That seems to be coinciding with the company being at a point in time when it is running out of available shares. The obvious question that arises at the convergence of these two events is if there is a correlation or is it merely coincidental? If it is not coincidental then perhaps it is a hint that the company plans to issue more shares soon and needs to line up some new shareholders to have in the wings ready/interested in the purchase of the new issues. Furthermore, as qualified, if these two events are not coincidental, I might be inclined to think that the A/S will be increased as the solution to the present situation. Actually, I would have a better reaction to that option ,despite its inherent dilution, than a possible reverse split. I must agree, based on several of my own previous investment attempts, that when reverse splits happen there is a pandemic loss of faith and a precipitous decline in many facets.
Very good post!!
Some thoughts on current events and the trending discussions of the day. It has been a busy day of exchanging thoughts. I want to throw mine into the stew. First, I DO NOT think that recent blogs are irrelevant, as some have stated. Instead, I view them as highly relevant in terms of what the company is prioritizing. The spiffy blog today with company run-down and advertising visuals is not an accident. It needs to be recognized for what it is, a sample of what Metatron is doing to "sell" itself or a show of one of the tools used that has had a good result that perhaps we do not yet know about, my guess. The company HAS NOT stated that the R/S and share structure moratorium has ended; that is actually pure conjecture until the company states otherwise. Their earlier blogs always added"...and no foreseeable changes after that..." We are presently in the "after that" period, but one must not assume anything until the facts are laid out for us by the company. Thirdly, I suspect that the company will announce soon its new direction to achieve its financial aspirations and that when this news is released then it will be apparent why there has been NO mention of it to date. I believe that a financing package or mechanism is being fine-tuned. Ask yourselves, "why would the company disappoint everyone with news of ending the moratorium when it knew that a better plan is just on the cusp of emerging? It would be both confusing and counterproductive. The last blog this was mentioned by the company stated that a financing deal would most likely be picked up in the first quarter of 2014. Before jumping to conclusions, I would wait for a definitive development to be announced. As for the name change, that is not relevant to anything other than a smoother identity recognition going forward. Think of other BIG NAMES ...NONE is a mouthful to pronounce. A savvy business does not reveal all its secrets, it risks helping the competition in doing so. The name change proposal is just smart but has nothing to do with raising the pps or masking clandestine motives, in my opinion. I think that generally, this is an exciting, pivotal time and as the company blogged recently something to the effect, "2014 will be a time when the company transforms into a new level". Next, why would the company's #1 client plug the company's stock? That is pretty obvious, he is satisfied by the results. People don't do this sort of thing because they cannot fill their calendars with enough other things to do. Lastly, I do not post everyday but do like to see what posters are leaving as their trails of thought. Every time I write to IR, I get an answer back within a day or less.
I've always said "if the iron fits, wear it!"
I agree that it would probably help with downloads if ET or Zukav could/would mention that they have apps, or at least if Zukav would say that his new app is about to launch via i-Mobilize. I think that perhaps Glenn Harrold is more savvy about business than others from what it appears.
I honestly would have been QUITE shocked had Sony took up a project endeavor with MRNJ, however, I am open-minded enough to allow these prospects to take their course and see what comes out of it. Apparently, not much more than a pat on the back, but MRNJ is in a position to pull a rabbit out of its hat, they have been ahead of the curve in some ways being early to get into the business. Their window of opportunities will not last forever, obviously. App-Flix needs to emerge in a timely manner and the partnership with the social media app deal needs to become clearer too, I agree, for more credibility. Blind faith is a lot to ask of anyone, let alone people with money sitting on the fence these days. Your hesitancy is understood but I also realize that taking no risks is understood to lead to very little gain. There is a point in all things when one must understand it is time to dip his toes or not.
My opinions are generalized based on my experiences. They can change, too and morph, etc., much like a business model. I have been interested in App-Flix since I first heard of it. It is my opinion, and I have voiced this sentiment to IR, that the trademark is intrinsically valuable, the extent to which that is comprehended is beyond my ability to guess. In my opinion NOT pursuing it with a vengeance may be a catastrophic lost opportunity, but that is only my opinion, at least it is not embroiled in legalities now, unlike the ill-fated Michael Jackson app. I do however have enough faith in management to believe that the promise and potential of App-Flix is indeed understood quite well and I will take this opportunity to allude to Storm's message earlier today that suggests that the company has shifted its emphasis recently to not only focus intently on the production of their new social media/partnership but moreover, they are trying now to get the first phase of the App-Flix app up and running. Presently, I think that App-Flix getting up and running presents the best option, given my limited scope of knowledge, to be a catalyst for this investment at least in the short term, so we are agreeing on some points.
Thanks, Storm, for so carefully addressing these numerous concerns. I think you have done a good job and appreciate the time you spend balancing the equation.
Many things can and will be speculated about, especially as a company seeks to define itself and 1) survive and 2) grow. I have been involved for 15-20 years growing a company. My experience has tempered my expectations about these matters. Some things go on to develop and some things fizzle; it is the natural course of evolution of a business. If you defined a business plan today it would probably be sensible and believable but something unexpected can change it tomorrow and new meetings might be in order. Hammering on old points and failing to leave any wiggle room for changing courses is in my humble opinion a prescription for disappointment. Anyone is free to set his goals as unrealistically as he chooses and he is also free to put his money where his mouth is, too. While discussing the pros and cons of the past, try to keep a little window of opportunity open for the unexpected ray of sunshine that can come streaming through at a moment's notice.