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Simply putting money into the company may turn their profitable business negative. I hope they have a good business model for turning their financing into a good cash flow profitable business that will pay their salaries and the programmers they hire. I am Long term shareholder so I am rooting for them big time, but have really been disappointed with the pps for quite a while n
The question I have is what will they do with the money they get from financing. they will need to grow profits quickly in order to pay off debt or print more shares to give to new investors. The only way this makes sense to me is to be able to buy top tier content and launch APPFLIX quickly and broadly.
This does not sound like a real scenario. Their actions don't support this. Joe and Denis spend considerable time and effort to bring out new apps, new ways to expand the revenues of the company, and new technology. They are definitely trying to grow MRNJ. If they took their shares as salary the company would be losing money and so I think, as much as we don't like seeing them sell off 40M shares each year, this is preferable to taking larger salaries. What I'll be looking for is, as they grow revenues, whether they can also start to grow profits and generate cash.
I thought Joe and Denis each sell off 5M shares each quarter. I don't know where the 40M share number is coming from. Their selling should be over for this quarter. Only other big recent seller has been Cheche.
All4, I agree with your assessment. If Joe and Dennis are done selling for this quarter, pps will probably go back up to .007s in the next month. We already know 10q revenues and will likely show small profit again. So the upward surprise could come from any of the big pendings or significant jump in new revenues. Maybe Joe and Denis won't sell next quarter.
All4....This dumping is management's choice. They know that 10M shares dumped will have an adverse affect on share price to such a thinly trade stock. The pps is ridiculously low and them dumping at low prices doesn't give confidence to us current shareholders. Maybe when Joe and Denis start tasting a bit of their own success, they will hold off selling their quarterly shares and show more faith in the growth of their own company. I'm in for the long term, but I don't like seeing the pps retest previous lows. I thought we were way past that.
If they were looking to take the company down they could have done so very easily by now with as many shares as you claim they have. The timing of the 10M shares selling every quarter, on the quarter lines up with Joe and Denis; not anyone else. I don't know why you stick to your theory, rather than looking at the actual timing and sales.
The 50K are the salaries that I saw reported in the 10Q. This doesn't count the stock.
Diode, Cheche is right. Each quarter Joe and Denis get 10M shares to sell, and like clockwork, they sell the 10M shares. This has nothing to do with anything else, other than Joe and Denis selling their quarterly shares so they can pay their bills. They are only taking $50K salaries, which is surely not enough for them to live on. The scam that your referring to happened long time ago, and those players are long gone from the scene.
Great chart and reminder.
Thanks for loving my predictions. I haven't been right very often. But at least I sold half my shares on the big run up and made some money and can afford to hang in there now with my losing shares. I have a core position but I've been adding and trading some of these dips. While it may go back down into the .003s (although i hope not) the growth is too solid to stay there. I'd be a huge buyer in the .003s. I got some more today at .0051 where I was sitting on the bid for awhile. I will give this a few more years to pan out.
Probably 2 years. By then revenues should be over 3 to 5 mil and climbing. Good takeover target then. I think pps will go over .01 several times before then, but serious money will later. All IMO.
Remon, this will be a winner for those who have the patience to wait it out. If you need this money sooner then this is not the stock for you.
I maintain they are not interested in short investors and pps. The only winning game for them is a longer term one which build the i-mobilize brand and revenue for a sale. Try to put yourself in their shoes and figure out what other game will win for them.
Survival isn't a long term strategy. Given that they are smart people trying to make a lot of money, can you figure out a different strategy and goal that I mentioned.
We already have a pretty good estimate from Storm and I don't expect much different. Remember the 45 day lag. The really good numbers come with 1Q report. This will reflect all the consecutive record breaking months.
This is now an established pattern. Quarterly sell off on Joe and Dennis cashing in for living expenses; keeping their salaries and MRNJ expenses low. After their quarterlies selling, pps goes back up to high .006's / low .007's. I think I am now in agreement that they are building up revenues and strong brand in prep for a buyout. I'm not saying this will happen any time soon; may be several years off, but this is the way they can make their pile; while not worrying about the share price in the near term months. If that is their goal, then patient shareholders will get rewarded at some point. I can't figure out any other strategy for what they are doing.
I've been trying to accumulate at 0051, and an order got executed at .0050 below my bid. How does that happen?
I don't understand the buyout motivation. If there was a buyout, wouldn't Joe and Dennis be keeping more of their shares rather than selling them off each quarter to pay their personal bills?
I don't know where you get your patience watching this so much during each day. Thanks for staying on top of MRNJ on behalf of us others who only chime in once in a while. I'm really surprised we haven't seen more investor participation yet with the stronger sustained increased revenues. I think if we got back to sustained YOY of 100% that would attract many more. If the sustained YOY is 30 to 50%, we are going to see slow growth in the pps. IMO.
I'm still a long term loser on this so congrats are not quite in order yet. Maybe one of these years Flex will return with his nation -:).
No. I completed my 400K order and called it a day. I'll post a new buy at a lower price, just in case there are desperate sellers who really need to unload.
When the volume (demand) is low, buying at the ask doesn't make sense. I believe in the long term and will pick up cheap shares when I can. That's my approach for averaging down. At .0051 we should have a 4 bagger in 1 or 2 years. That can be my grandson's 529 fund.
Or when somebody is looking to pick up cheap shares. I mentioned last week that I had bid at .0051 waiting for somebody to sell. Finally got the rest of my bid filled today. I don't mind accumulating; like Collect, I have lots of time and with the company building sales and stability in this market, its just a matter of time before pps goes up. I won't worry about day to day, or even week to week. I know you follow other pinks, but sometimes after 4 years of waiting, some of them grow up to be overnight sensations.
I haven't posted in a while because watching MRNJ has been like watching paint dry and most of the debating points here have been the same ones over and over. I've had a 400K bid in at .0051 for quite some time and today somebody sold me 15K shares. That was the paint job; not the way I would have preferred, since I don't like trading such small lots. Maybe somebody will sell me the rest on Monday. MRNJ will have its time, but apparently its going to take a significant jump in revenue to wake up some new investors. I'll just accumulate at these lower levels while I can.
I agree with you. I think in current down market, the appetite for risk is down as well. As soon as the fiscal cliff problem is solved the markets will turn back up and then investors will be looking for bargains. That will happen at the same time as holiday sales start jumping as well. I'm looking forward to strong pps growth over the next 3 to 6 months. IMO.
Nothing wrong with DD. Just not sure what value you would get from staying here if you are closed to new positive news. I know that my investment has risk but I see much more upside than down with recent events.
If you have no intention of ever buying MRNJ why would you spend your time on this board?
That would be me, who is a "he" not "her".
I left my .0051 buy in place and "the Group" didn't even have the courtesy to fill it.
Sam, not sure what you replied earlier since you got deleted again. I have posted often when I have picked up shares on dips. I don't mind cheap shares. I can wait out these dips. The revenue growth will take this higher at some point.
I had standing buy for 400K shares at 51 and got 6K filled near the close. Somebody took advantage of my buy to paint the close. I would have gladly had my whole order filled. I'll leave it there for the open and see who wants to sell me their shares.
Storm, thanks for educating us on the delayed payments from Apple. That fully explains the gap in the 3q reported revenue that we were expecting. 4Q and 1Q should really show the continued growth.
Feeways, I think you are right to be cautious and skeptical. I am here almost 3 years and still believe in the long term, but want to see some sustained buying interest. I hope that the new folks on board show long term interest.
I love the name APPFLIX. If they get some decent content this can be huge revenue stream. The upside potential here is huge.
I picked up some earlier at 72. I'm really surprised anybody would be selling here. I still speculate the sellers of big blocks are programmers paid in stock and selling to pay bills. I take the company at its word that the execs aren't selling.
Isn't there a blackout period prior to earnings report where officers can't sell?
I still suspect that these sells might be programmers being paid in stock. when you are able to sell and you need money, you sell. I don't think they are looking at this as an investment, ESP if they got stock when the price was lower. IMO.
I picked up some more at 78 and I got a measly 1000 share fill at 71. I'm surprised it got down there, but I have more waiting.
Sluka and Riehl take just 50K$ in salary. Not very much for all the efforts that they are putting in. While I don't like to see them selling large blocks of shares, selling few mil shares is the only other way they can pay themselves and keep the expenses down. I'm sur they are also looking forward to the day when these shares are worth a lot more. If they can expand the revenue base 100% YOY for the next few years we will start to see real profits and real pps growth. That's my hope and I'm sticking with it.