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Back when the Sony topic was hot, circa April 2012, I checked into Sony and saw then that they had an app division, so it is not a new revelation. As I recall, MRNJ management had a couple discussions with Sony, it went nowhere and a general statement later said something about them possibly being in touch later, etc. I think it was merely a matter of Sony wanted to see what MRNJ had and see if they could glean something off of it, that is very typical of big companies to feel out the technology of possible, small rivals. That is what I made of it all, anyway.
Thanks, Storm, for making matters clearer.
That deal got caught up in litigation as a result of the estate bickering. There is no comparison between the two. Please explain how Michael Jackson's app relates to an app deal 5 years later for a social networking app. Anyway, glossing over all the app deals done and completed and marketed since then is really a stretch of the doomsday drum. There was all sorts of griping about MRNJ taking too long to produce the famous author Gary Zukav's app, illogical comparisons, and it is on the market now for about a month. I am very interested in hearing from the company how it is stimulating revenues. It will be exciting news for sure.
November 26th MRNJ BLOG states: "Our app division i-Mobilize was contracted this week to develop a messaging service app similar to Shapchat but with a unique twist and advanced security features."
I believe that MRNJ secured the app deal already, maybe you missed that?
Great post colectin. Thank you for putting it in perspective.
Presuming the acceptance of your due diligence alone.
Why entertain and appease the bantering about whether or not Mr. Zukav is Oprah's #1 guest and to what extent the semantics of it applies? Such a small argument really only serves to diminish the significance of another client of merit being added to the apps produced and marketed by MRNJ. It is essentially a side show that diverts attention away from the basic accomplishment of producing and offering Mr. Zukav's first commercial app. It is an argument that serves little purpose and will not affect sales to any degree. I look forward to arguments of substance and purpose that will perhaps discuss and debate the relevance and staying power of Mr. Zukav's large oeuvre of work and its potential to resonate to the app audience/marketplace.
I like your reply.
Great "snapshot" of the effects of seminar on app sales!
These 2 big clients mentioning that their app company set up their meeting is revealing; seems they are happy clients. I think one or both of them may be shareholders, as I vaguely seem to recall. Maybe there is a subliminal message to this blog with the words from G. Harrold about staying in the "present" and not letting the past create anxieties. The first thing I was ever told about stock investing, over 40 years ago, was from a neighbor who had retired from being a stock broker. I asked him about it, he said, "stocks separate the men from the boys". I think that is more about patience than anything else.
Good point, dodger! I remember my investment in World Com, for example. How many people lost $$$ on SEVERAL BIG banks a few years ago. And, I know a woman who is 102, her husband left her in "general motors" common shares and told her they were as "good as gold" and she got wiped out on them, but luckily had other resources, but not a happy thing for a 98 year old to face.
I am not willing to jump to your conclusions at this time. I have been involved in developing a small company that has had its many starts and stops; it has seen big dreams not take off but it has also persisted to achieve steady annual growth and deliver 7 figure annual sales. It has introduced several new products and has focused on various ones at various times depending on the perception of what will give the best result. Things do change, including that sort of perception and a company will change tracks in the process. I will say, however, no one on our BOD has been interested in selling any shares of his or her stock, to my knowledge, and that is the ONE point about MRNJ that I do not comprehend well, nevertheless, I am suspending that thought for the time being and awaiting the delivery of the Zukav app and some form of App-Flix and/or financing. If all that falls through and 3 months from now there is no progress I will be inclined to lose faith here and change positions. However, the sound of their last blog was very upbeat and I wrote and told them so and they thanked me for my support. I still do not believe that scam is accurate. I still want to believe that these guys have learned some things from past errors and are morphing into a company focused on a successful long-term approach to building a business. No one ever really got very far with a scam mentality, as the old expression goes, "money talks, bullshit walks".
The other important FACT that tends to contradict the argument for a scam is that there are MANY clients and they REMAIN clients and some have even become shareholders. If this were not a legitimate business entity then how do you explain the clients that have greatly improved their sales through partnering with MRNJ? I have owned MRNJ for nearly 4 years. I would like to see faster progress, that is always an interest for a shareholder. The soon to be released Zukav app will help to improve revenues, no doubt.
Many months ago, maybe Storm can bring up the old news for us, hint, hint...the company did mention the possibility of audits in the future, as I recall. Does anyone else remember this or am I somehow confused by other discussions then or am I simply mistaken? Thanks.
I had forgotten this information. Thanks for posting it again.
Thanks for the positive news.
Did everyone write to investor relations at Metatron and express their belief that "i-mobilize" is a good choice for branding the company going forward? I wrote to them in favor of it and they wrote back thanking me for my support.
It is not the first time by any means that a "know it all" shows up on this board, often challenging the bulwark of positive energy, ie, Storm...like a streak from the blue and let's us all know how bad he thinks MRNJ is with purported altruistic motivation to help us all save ourselves from our ignorance. It is a pattern, names change but the message stays the same, keeps cropping up in association with a rising share price/target. In my opinion, it is all part of the larger picture of manipulation. Of course, newbies, attracted by any hint of share price rising do not see the pattern and get turned off by the negative message, keeps interest in MRNJ to a minimum. Ask the question, why would this keep happening?
Based on that number, if you do the math, then the stock is presently trading at its value, right? Or, would other factors need to be taken into account?
Me, too, super-standard, NOT sub, I appreciate Storm, he is the best!
Colectin...instinct suggests orchestrated manipulation.
Colectin - I always delight in your perennial optimism even if I struggle more with my optimism than you do. I agree that MRNJ has produced some impressive progress but it has been at a relative snail's pace compared to the staggering increase in devices. Too, MRNJ carries along the baggage of too many false starts and disappointments which burned investors, myself included. "Once bitten twice shy." I hope that MRNJ can overcome its financial obstacles. I dislike continuing dilution and what it has done to stymie investor confidence, compounded with the mounting credibility issues associated with the turn of events or rather lack thereof regarding, ie; Michael Jackson app, Mediafly, Sony, AppFlix, and so on. If I could only have more confidence I would invest more here.
That is a hopeful "take" on the situation and I appreciate your optimism, just not sure that I can believe in it right now. Will have to digest what comes next, etc. Glad you are not shouting that I know nothing; that got so tiresome in the past with others. It's best for me to be an advocate and a questioner, too, that is how one finds answers in the big scheme of things. Appreciate your thoughts.
Very interesting analysis and believable. I asked my broker about his VC activities that are not part of his job but his personal investing that he is very active in for several years. He said that the incubator he is involved with will NOT invest in any companies that have gone public already. If that is something of a standard with the VCs then MRNJ is precluded from these opportunities. In my opinion, offering rates of return that are exhorbitant can have the opposite effect of scaring investors off, the old, "if it sounds too good to be true it probably is" mentality. It might be due to lack of experience or exuberance but in the end it does not appeal to everyone as prudent. A longtime investor here, such as myself, has to also ask himself if this is a flag of desperation and if he would want to "throw good money after bad" as the old investing expression goes. Whereever one invests he has always got an eye on management's style, if it is a sizable investment. As a common stock owner, I have to ask myself is this a paradox, if I can get a very high return on my money doesn't that also affect the profit margin at the end of the quarter, resulting in a suppression of the growth in value of the common stock value, consequently, a Catch 22. I am also concerned with the long trail of initiatives that seem to never go anywhere, so how am I to have faith in a deal that seems too good to be true? From my perspective, if I want to continue to believe in MRNJ further, then I would buy more common shares since they are fractions of the earlier values paid.
Storm - very good compilation of materials. I had noticed in the recent quarterly report that compared to recent quarters it was taking a noticeably larger amount of expenses to generate small revenue increases...would be interested in your thoughts on this. Thanks.
Can always rethink, and hope springs eternal, too...am at least glad that the most recent blog about the audio books was not hyped-over-the-top like the Sony meeting in April 2012. It does take years for a legitimate, new company to get all its ducks in a row, I have been through the process in the past 20 years. Still wondering why securing financing is so apparently impossible to find, it's not as if MRNJ only has an idea and no source of income...if content owners are scrambling to partner then I wonder why bankers are missing their cue?
That sounds reasonable, thanks for pointing it out.
As a long-time shareholder, ie, 3.5 years, I have seen a lot of things play out. In yesterday's blog there was mention that the Zukav app is nearing completion, that was highly anticipated some time ago. This was my first investment in a "pink" stock, which I did not understand when I threw some money this way. I have certainly learned my lesson here, and will NOT invest in this group of stocks again. I have not given up on MRNJ but have, unfortunately, lost my enthusiasm for the potential of the app market. I find it very odd that it is supposed to have so vastly much potential and yet there is no financing available, no bank loans, no way to jump-start to the next level, ie, using App-Flix's potential, which amazes me that it is not a HUGE priority right now, given that NetFlix just had a quarter that showed an increase of 650,000 subscribers...in lieu of that...it seems that anyone remotely capable of being in that arena would be scrambling with every ounce of energy to pursue it. Honestly, I am baffled. I am not selling my stock because between ALL the lines, I think someone or entity wants those shares cheaply and I am just stubborn enough and comfortable enough that I can sit on them forever to prevent rewarding the dishonest.
It is very possible that he sent a message to IR and got some sort of reply, it has happened to me several times.
Clearly management knows its worth. AppFlix trademark alone is worth something rather significant, as well, the technology developed by MRNJ and patent pending, AutoPost and MegaApps, not to mention the revenue-producing clients of an evergreen nature, etc. I agree with Diode, pps is absurdly underpriced. I also agree that someone will discover this gem, patience is what stock ownership comes down to in the end, but I am fine that it is delayed because MRNJ's worth grows by the day and the more it grows and becomes evident the more likely the right funder will appear, too.
Agree, and amicable result is good. AppFlix is about as good a name as can be created in the present digital streaming age with the recognition that NetFlix has brought and the escalating popularity of the digital app format. It means the trademark is gaining value daily as apps gain recognition and understanding of their potential. I am confident the name will draw attention and business as well, no one else can use it. It also draws attention to what MRNJ is about, innovation and intelligent app solutions such as mega-apps and auto-post and maybe some other things in the pipeline, too.
I look forward to MRNJ getting some deals done now that the world class trademark is theirs to start using.
Everything is in a name. I went to a young artists presentation yesterday and talked to the teacher of a singer who is in a quandary of whether she should be known professionally as an abbreviated "Nora" or by her full name "Eleanora". Clearly, everyone thinks Nora is best. A name says SO MUCH that it is actually strong enough to shape personalities, books have been written on the topic. App-Flix says," we are leaders in the app revolution...take notice".
"win-win" is more businesslike. MRNJ was always in the driver's seat as they were issued the trademark and Showtime did not have a case, so the "deal" is a situation where both parties will get what they believe to be a "settlement". Keep in mind, Showtime started off initially as adversarial, they are the "Goliath" in this scenario and consequently, they have capitulated in some material manner, my opinion; will be interesting to see what comes out in the wash. What really impresses me is the tact that the MRNJ management has shown in dealing with this potential threat to their intellectual property rights. Also, I think the fact that the wording of the blog was changed may foreshadow a PR or hint at it, again, just my guess. Moreover, I think that PR's are most effective on Monday mornings, today was perhaps a "heads-up", especially since the blog thanks the patient shareholders.
Excellent, thanks for sharing!
I was very pleased/appreciative to hear something in yesterday's blog about the emerging resolution of the AppFlix trademark objection by CBS; KEEP IN MIND
that the trademark was subject to an "objection" with several delays. Obviously, if CBS had a real substantive objection, it would not require several delays and be submitting a proposal to MRNJ. I think that MRNJ is in the driver's seat now and they know what they want to do with the trademark.
The contract is not signed, specific content unknown, NO ONE is jumping up and down.
Amazing how you know this with 100 % certainty.
Absolutes DO NOT apply at this point, remember "potentially" is not a done deal. Nevertheless, that does NOT change the fact that AppFlix is a STELLAR name and that is the entire reason that Showtime CBS ever bothered with this argument in the first place, as they say, do not throw the baby out with the bathwater. The great name may attract content, perhaps, who knows, even from CBS? Odder things have happened. Sitting tight for further news from management. Settlement on this is a step forward, even if the pps does not react.
Possibly a situation where someone knows something?
It has a very appealing and simple title that will strike a chord of recognition with a wide audience. Titles are important sales tools, everyone is always in a hurry, always too much to do and too little time, etc., keeping it simple and yet open for broad interpretation is smart marketing.