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The smart money though is sitting on the Bid for 8,000 shares at 2.00 ....They will not push the price up if they don't have to ....The dumb money will sell low here ....
I've asked for a Conf Call ASAP ....It may just come this month yet ....after the Stockholders meeting tomorrow.....I would not be surprised to get that CC very soon ....
Note RE Monaker Q1 Revenue report....
With the 21K in the report ....What accounts for this despite all Distributors now online is All bookings Revenue is NOT recorded UNTIL that booking has occurred ...So obviously unless you're booking now and leaving in a week or two the revenue can't be put into the Sales column yet .....And most people are booking Months to a year in advance to the stay.....
The stock is probably a victim of the Pacific Grove Fund of Mendola when he had to get concurrence of investors holding MKGI stock in the fund to hold long term when Mendola became a BOD member...All who didn't want to hold long term got their stock to hold individually free to sell it as I understand it...How many know what Monaker is about? Probably few ...So they sell as the stock goes lower... So given low volume and the rest of us in a wait and see mode ...few buyers ....for now
Monaker has said in past they will not release the names of Distributors to keep that list private and unknown to competitors... the ABB’s of the world..... we will only know Mark Travel as it was released years ago... I believe big investors are waiting to see Bookings numbers as we are ??
It all depends on how they wait/holdout before selling. I have suggested Amazon with the huge customer base to feed lodging to...
The price premium once the business is really hitting on all distributors will dwarf everyone’s expectations.... Although Bill would likely want to be around longer to build onto Monaker more businesses...As he has stated, he wants to be the world leader...
I met Bill Kerby....He is Monaker and has done a fantastic job over the last few years... Getting this company put together and now operating,,, with the biggest partners in the industry and without giving the company away in the process to Wall St money...The insiders largely funded Monaker taking stock in the process...This is a rare opportunity to get a huge return before the fat cats get onboard and the company gets bought out... which it will IMO
There are a couple institutions that bought in and are selling in the mid 3's .....I think most of the stock is sold but they hold warrants ...Exercising the warrants and selling the stock does the same thing except Monaker gets the warrant price ... probably 2 or 2.10 a share which helps the company ....They don't make enough money at today's prices to make it work ....we have to get back to the mid 3's ....You can see the institutional holds on NASDAQ.COM ....Sabby and Hudson Bay
They can't say more until the 10K comes out .....next wk? ...new accounting firm
There are a lot of people watching and waiting for this.... But I get the feeling many that are in the stock are clueless about the company and what the last few press releases mean....and haven’t bothered to listen to the CC’s.
Monaker may hit a Million hits per day...searches... by June with this announcement....This should translate into many bookings and fast revenue growth this quarter...
I know .... A 2 for 1 ....which puts the stock price at 1.35 or so today... I'll tell you right now that is exactly what Bill Kerby does not want ,,, a cheap stock ....We've had a cheap stock for years ... it doesn't get buyers ....Unless you get the Sales numbers the price gets cheaper as we have seen....
Too early in the business to split the stock ...and no need as the stock price is already cheap. We don't want to attract more penny players to the stock we want Institutional investors which require at least 5 dollars and revenue reported.....This stock will definitely split but from a much higher price...probably this year...just to have a larger float.
I use TDAmeritrade on my phone ,,,L2 looks good ,, BID at 2.30 with little depth and ASK at 2.65 across the board then 200 shares at 2.85 then over 3
The is a big Conf Call Monday morning ,,, 10 AM cst ...
PH 530-881-1212 PIN 615253385#
IMO, they have been booking revenue since the first distributors went online last year ....Now with the last 2 coming active you have huge distribution partners booking ....and they get much better commissions on the MBE ....You will find out as soon as it is legal to tell you....More money being made on the MBE means they will stear their customers to Monaker ...
A friend of mine got this on his Fidelity Account.........
" March 25, 2019 Thomson Reuters/Verus upgraded MONAKER GROUP INC (MKGI) from HOLD to BUY."
It's strange that there are short sellers at this point in Monaker's business development and also it's lowest stock price on record in Dec. At this point I'm glad they are there now and they will have to cover those short positiions this year as the stock goes up reflecting the revenue growth this year .....driving the price up even more.... I would not be Short this stock myself ......some may look at it as protection of the stock addition to their portfolio ....Not at this price and time ...Institutions already own 20% of the stock and Insiders own most of the rest ......Leaving very few shares on the open market trading ....Which at some point IMO will force a large gap in trading price some day.
With 400,000 Bookings per month ,,, a level currently done in excess now... 1 percent at 4000 per month done on the MBE puts Monaker at a cash flow position position. This is with the current 24 distributors with some 40 to 50 distributors total by year end expected. Monaker in 1 to 2 years time may have more distributors and a larger inventory of lodging contracted than any company in the business space. At which time Monaker will likely be bought out,,, at a significant premium. I have mentioned to Monaker management that Amazon would be a good place to start.... either as a partner or a buyer of the business. With their customer base to sell into no inventory may be big enough.
This has always been a startup development company and a technology startup at that. A lot of software had to be written and designed almost in that order...testing indicated changes were needed over time. All this while acquiring partners and customers...and financing. Sell if you will but there is finally business and revenue coming in with much more possible. All while keeping the OS count under 10M shares and insider funded ....No Wall St toxic debt.....Usually development companies like this have 100M and more Outstanding Stock while no access to money and in debt beyond the ability to pay.....Not at Monaker ...I bought more at this level ...
Are you off the ledge yet? You seem very uninformed and are certainly not talking to the company. This makes you look suspiciously like just a short seller with no other position in the stock. Were you on yesterday's Conference Call? Any cursory understanding of the business model should understand the unique position Monaker has in the market place and now is actively processing with thousands of Travel Agents as of today.
The .biz has been operational for some time and will be Smartphone/Mobile accessible Next week or so ...expect revenue/bookings this month
Good reply,,,, Add to that the completion of the .Biz business in 8 months also operating coupled with the extremely low float it’s now in the ideal position to add to the position cheaply.... and Insiders funded this company all through the past two years.....holding on to their majority ownership position..... Traders here did not fund anything ...
Insiders cannot trade buy or sell when there are pending announcements from the company. So the .biz going live and PR issued ,which we are waiting to see, will allow and within the following days insiders must file an SEC form 4 ...that's how you know. Now if the completion of the API for MT and Partners is ready for a public announcement also that will hold up the window for insiders.
Looks like all menu items are now completed on the NextTrip.biz website. Take a look..... I expect Monaker will be issuing a PR and start business very quickly... also insider buying of the stock.
The ‘nexttrip.biz ‘ website is now accessible but they are still finishing the Demo, FAQ and Benefits selections. Not yet there as they are obviously need to be complete before ready for prime time...Looks nice,,,note on the site: “Supplier and Partner Agreements with over 25,000 Travel Companies around the globe”
Not sure who you met or your ability to evaluate anything ,,, I personally put no stake in anything said by you. I have met with management several times over the past months and could not be more comfortable with their ability to put this together and overcome any issues. The downturn in stock price puts this stock in bargain territory and I bought more. The stock ownership of the board and all insiders should tell you something ....go along for the ride.
I've been told by the company that Insiders cannot buy until pending news comes out ..... Which is the PR for NextTrip.biz ...They have been chomping at the bit to buy but the lawyers have them waiting. Should be this week IMO
Was on a Chesapeake call today with others and Monaker’s Bill Kerby.... Still waiting on MT /AL but some 5 other travel companies come active when API is done. Expect NextTrip.BiZ to start ,, maybe this week which will generate revenue and with that announcement out , insiders will be allowed to buy stock on the open market... the bottom may be in..
MKGI is going on sale here lately...as the company is progressing with the new API ... which when released will open the floodgates to all contracted partners
Yes,, You’re are correct... Thinking Ask and typed Bid....We will see large Bids and that’s obviously a good thing...
Trading slowed to a waiting game ... and no more multi K share blocks sitting on the Bid... as a constant supply
I have level ll at TDAmeritrade on MKGID ... there is now is No stock available to buy ... 800 shares with 3 market makers.... buyers will have to raise the price to buy any volume. Expect the transfer to Nasdaq Thursday-ish ...MT the pressure is on... Monaker’s new NextTrip website should be available And Operational for customer bookings in two weeks or so...imo
I would not expect they would do the RS without MT letting Bill Kerby know they are ready to turn on booking access to Monaker’s inventory. Buying volume will not increase until MT is working and everyone at Monaker knows it.
I’m sure that’s what MT told Bill since he was done putting out dates the past few months as MT never made their own dates... I believe MT is ready to activate processing bookings but it just happen a few days later.....
You’re missing the point here.... It’s the business model with Monaker that interests Wall St... Any RS to get onto the NASD when the OS is 17M shares means nothing... there is only 4M shares in the trading float.... IMO Monaker be filing multiple ‘Forward’ Splits over the next 2 years as the stock price rises... Monaker will be bought out sometime over those 2 years
If your doing a RS because the company has sold so much stock into the market and the stock price went into the penny area and the Max OS has been hit ,,, the typical penny/otc does a RS to sell more stock .....This clearly is not the case with Monaker...Monaker management owns over 70% of the stock and Pacific Grove Fund, Jamie Mendola bought 7% and probably added more over the last month .... Not to mention the owner of Mark Travel owns many shares of Monaker .....If you think these guys are in this for quick money and issuing more stock maybe you should sell now and stand on the sidelines ...
I believe the company has had other partners beyond MT that do not require the MT system and will go in the MBE directly.... I think Monaker will finally allow that business to access the inventory now and let MT access as their pace dictates... no more waiting for MT to be the first as Bill Kerby hoped... This listing is coming up in November and nobody wants a reverse split..
Good for us that you checked
Done after the close today