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it broke down the support where you called bouncing bull. I said in 2 weeks, it happened one day later. You better stop talking technical cause' your analysis going backward.
i'm thinking they will eventually wipe out bids on 2 bringing down to 0.0001. No bounce from this level for long, no good.
Who is the person? Can you post the email you exchanged or you talked to him offsite?
what did i tell you?
mrnj, bids over 0.0055 getting thick. bids on 0.005 level are amazing. I don't if any event can break this down.
nwmt news!!!! 100% more net income. web cast!!!
http://messages.finance.yahoo.com/mb/NWMT.PK
but cory gelmon will sell. 50% discounted CD conversion, remember?
soon they conver to shares, they are always up 100% on any time. So there's no profit bottom line for this stock.
I've followed gelmon stocks, this stock is very typical the way it moves like other stocks of them. They will keep selling. I say 0.0004 for good chance to bounce, but i will get out soon as it turns to 50% up because i know it will go down more.
they don't give any moment to breathe... this is no good.
idk, but this is good sign, building bids on 7 now...
seems like someone using NITE MM, making the market for mrnj.
If he's moving the pps, probably he's also looking at chart... so far, it moves with downtrend channel. Then, I should assume he will drive to 0.009~0.01 which is the resistance for next.
never touch until it hits 0.0004
http://picasaweb.google.com/lh/photo/UrAs66IrXTaxPnbZFgaTmg22gT1jL7MZxPG1A2D2xS0?feat=directlink
here we goooooooooooooo blaaaaaaaaaaaaaaaaaaaaaast
maybe trade btw 7-8 for a while, if MM comes in and wipe out 8's, this may run to 11 very fast.
1B o/s stock can run over 1 cent.
gogogogogog!!!!!!!!!!!!!!
someone please hit 8 big!!!
lol
0.0015 coming. time to move up. bought 1.5M on 7
endless 3's. at some point, buyers will quit buying on 3's. then what would happen? they tick down ask to 2 to wipe?
0.0005=bottom profit line for CD conversion!!!!
This is where we buy. it will bounce very fast on news.
in 2 weeks, let's see.
Too me, looks like head and shoulder before it break down to 0.0004 sma 200.
chart http://picasaweb.google.com/lh/photo/UrAs66IrXTaxPnbZFgaTmg22gT1jL7MZxPG1A2D2xS0?feat=directlink
they said, phase II begins 2nd half of this year, launching lots of apps out from their content licenses acquired. I saw someone posting new apps released every week. Please do continue so that we can track how fast the number of apps grow. Out of 25000 content licenses, they released only 20% so far, and it was mostly for cheap iphone app, not ipad apps. I expect very fast revenue growth soon.
today it backed up from 0.0051, so far it moves along with the downtrend channel, but also bounced from the support. I think pps can double easily with any PR. They haven't released PR for 2 months now while their apps grows and revenue goes up. PR is very near.
just got in with 800k shares for my insurance.
Hope it doesn't come soon, but make another Denass fluffy riding first.
BEHL making nice bottom. I got in today again.
I have been trading mrnj in/out many times, this time, i loaded triple on 0.0056 average.
I'm planning to double and go with 1.5M to ride to 1 cent back.
Firelan, ifyou want to make money with nwtt, you should buy very soon on 0.0003.
no matter your dd is correct or whatever concern you have, this stock is doomed to move up from here because 0.0003 is the profit line for bermal seller, with such huge dilution, there have been very strong buying on 0.0003 when they dilute.
if you have not grabbed 0.0003 any, i don't know what to say.
Are you here to make money or just fooling around?
Bash smart while grabbing cheap shares. ubss has given many shares as gift for a week.
NWTT gives Jackpot signal on and on, they're calling you to join!!!!!!!
MRNJ chart+L2+Fundamental All-in-one
*The below is based on assumption MRNJ doesn't increase their a/s. currently a/s is 300M, o/s is close to max. Victoria said, their growing revenue is enough to cover operation cost.
CHART:
0.005 support on downtrend channel
http://picasaweb.google.com/lh/photo/Iogxp3uAu8qsaOj9HymEeQ22gT1jL7MZxPG1A2D2xS0?feat=directlink
L2 shows huge bid supports over 0.005
http://picasaweb.google.com/lh/photo/Z7ozhRZ1RfTtBylGHaa_rg22gT1jL7MZxPG1A2D2xS0?feat=directlink
Both L2 and chart shows 0.005 is tough support, very possible for bouncing.
Since the company is selling apps for iphone and ipad and its low operating cost basis structure, let's look at the sales record. Currently MRNJ has 300M a/s, o/s is close the max.
Revenue:
1stQ $36k 2ndQ $57k 58% increase
Cost of Sales:
1stQ $131k 2ndQ $93k 28% decrease
Long term debts:
1stQ $576k 2ndQ $557k 3.4% decrease. *Note they wiped out most of old debts last quarter. from $4M to $576k.
As you see, their revenue goes up as they release more apps every quarter and due to low cost operating structure, the debts are not accumulated. The $4M before i-mobilize joined was from mostly former XRG's. People say Joe brought the debts from his former company, Rcomm, but it's not true. Most of debts were inheritted from XRG, trucking company which was traded under this shell before reverse merger.
MRNJ Chart+ L2 + Fundamental All-in-One
*This analysis is based assumption Joe doesn't increase a/s this year as Victoria said their revenue is enough to cover incurring operation. If they increase a/s, it may start all over again.
"i-Mobilize is currently in Phase I of a three phase build-out plan. The goals of
Phase I are to acquire contracts and content for its content library to be
developed into apps for sale to consumers for use in their mobile devices.
Phase II is expected to begin during the 3rd Quarter and will focus on
aggressive distribution of apps. Phase III is expected to begin in the 4th
Quarter and will focus on marketing and promotion in order to optimize
revenues during the Holiday Shopping Season 2010."
As I remember, JOe accquired around 25000 licenses for contents to distribute. As of now, they released 5000 apps for iphone and ipad having 400% more apps ready to be compiled and launched. Also, the revenues until 2ndQ is probably mainly for iphone apps which usually costs btw $0.99~$2.99. Apps for ipad is well over $7.99 upto $60. And recent sales trend in i-tune store shows apps for ipad is growing faster than iphone, expect ipad app download will exceed iphone by mid 2013 with this speed. Since i-mobilize is very active in converting existing/releasing new ipad apps out or their content library recently, the revenue probably goes up fast begining 2nd half of this year and next year.
I expect on 4th Q, they probably generate well over $170k~$300k.
Also, in the financial, Joe mentioned the company is not heading to penertrate Android app market. And there will be more and more app stores online available for app distributors. Last year, the giant Asian and European data careers met and agreed to open a united app stores to compete i-tune store. They probably distribute lots of Anroid apps through the store. More app stores, more mobile users contribute more revenue to i-mobilize's revenue.
As I've followed Joe, current CEO, first I didn't like him releasing PRs each day when they release new iphone app, which made the stock looks as a pump/dump stock with series of PRs. But he seems as he changed the behavior after Victoria joined and hired a professional PRist and noticed the words in PR sound much more professional. I also noticed Joe is very active and aggressive in accquiring content distribution licenses. I think this guy is really amazing.
everyone, take out the ask on 0.0004, this is going to 0.0009 very soon!!!!!!!!!!!!!
*****NWTT 777 jackpot signal on 0.0004*******
something funny happening with nwtt.... no bid, no ask on 3 anymore lol
ooks like now everyone is tiered selling/buying on 3. LOLLLLLLLL
bid/ask 8x1.
If it hits 0.0002, i'm sure it's the panic selling from impatient holders, not dilution. Hope they fill me. :)
I should probably not look into fundamental at this point. The stock price came down this far because of the selling shares from Bermal co seller who's not interested in trading/holding shares. Whatever price above 0.0002 was profits for them. Once they get out, this will move up no matter what.
I strongly believe the 0.0003 is the bottom profit line price they can sell. I don't think they can sell on 0 .0002, it's 33% loss for them. They got 600M shares from NWTT for selling Bermal and it's 0.0003, not 100% sure, but very possible.
I added enough on 0.0003. If I didn't, I probably added more today
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Additional Information
MRNJ CHART+L2. ready to shoot to 0.009
I loaded 600k total in two days. MRNJ is great trading stock.
0.005 support on downtrend channel
http://picasaweb.google.com/lh/photo/Iogxp3uAu8qsaOj9HymEeQ22gT1jL7MZxPG1A2D2xS0?feat=directlink
L2 shows huge bid supports over 0.005
http://picasaweb.google.com/lh/photo/Z7ozhRZ1RfTtBylGHaa_rg22gT1jL7MZxPG1A2D2xS0?feat=directlink
Both L2 and chart shows 0.005 is tough support, very possible for bouncing.
***Email Response from NWTT management.***
Below is the email response from the management, not mina mars. I asked about the dilution going on on 0.0003 level.
===========================
Other than the merger of Bermal (which is restricted shares) no other shares were issued by company
Regards
============
They say it's restricted shares, but asI've seen pink stock, it's very easy to release the restriction and sell to market. Assuming, the Bermal seller is selling their given shares to market, which I believe so,
They completed the purchase on 8/3 when pps was 0.0008. The 600M shares were probably given discounted between 30%~50%. This implies the Bermal seller received the shares at 0.0003~0.0005.
I've seen 930M volume since 8/3, if I assume 60% of the volume is selling from the Bermal seller' exchanged shares, 600M is very close to 60% of the total volume.
ubss MM doesn't dump on 0.0002 but they fix the selling price on 0.0003 and waits for traders to take it. I strongly believe this is their bottom profit line for shares given selling Bermal to NWTT. And there's always only one MM fixing their ask side.
If ubss ever comes down to 0.0003 again, it's buy, not sell.
I added more 0.0003 yesterday.
Jonavec, please add 1.5M more to my total, 10.5M average on 0.00039
i'm wondering how many shares they're selling with one ask on 0.0003 for days so far. only one ask on 0.003 keeps selling tons of shares.
moving with small volume....
bid/ask 1(0.0022) x 4(0.0023)
no proof that i know. that's why i say 'to believe'. but pps says it that way so far. 100% retracement.
Before revenue, they need more money, I guess.