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good point!
Sorry, I was joking...
Total revenue per month by paying members is a 4-digit $ amount. (based on my personal - NOT OFFICIAL - calculations)
Sorry to disappoint you with your own prediction...
how can you prove this??
you're learning fast... <g>
Nice finding... (I saw it too)
Yes, these are not official numbers and I can't guarantee full accuracy. But I believe they are more or less correct. That's just MY honest opinion, because I really know, how I got these numbers. And I'm an IT engineer, so I know the technical background very good.
What I want to say is my numbers ARE verifiable. I explained this in my previous posts. It's not a science and it's not insider information! Everyone can verify my numbers. Just click through the MMX site and count each member. It's so easy. Of course, it's VERY time consuming if you want to do this manually. But it's possible and so my numbers are verifiable. (I just made a tool which automates this process.)
Because most users on this board (and other boards) are very lazy in doing their DD is not my fault. Revenues (and so are paying members) are very critical for me (and my investement), so I wanted to prove it by my own as good as possible. I spent much time in analyzing and programming my tool and just wanted to share my result.
I don't want to explain the technical backgrounds everytime to every user when I post these numbers. There are in my history. Everyone can read it.
Okay, for you I explain it in a few words once again:
EVERY signed user (paying or free member) will stored in the MMX database as a record. Each record has a unique number (the ID). You see this ID in the URL when you open your MMX member profile.
Here's an example: www.musicmatrix.com/profile.php?te_class=user_profiles&te_mode=view&te_key=10584
The last number (key) is the user ID. Each new member will get the NEXT unused ID. If you sign now, you likely will get the number 10585. The next member 10586 and so on. So it's very easy to count these numbers and get the total of members. At this moment, the highest used number is 10584, so MMX can only have a MAX of 10584 members!
Unfortunately, not every ID was actually used. There are gaps. (e.g. removed members/testing accounts by MMX crew).
Biggest gap is from 1 to 5370, where only 15 members exists! Rest is unused (no records in database).
btw I could provide you and everyone my complete detailed member list as an excel sheet (the result of my tool). Each entry could be verified by clicking the MMX site.
Where's the official published revenue coming from? I don't know! I REALLY hope, they are related to other sources.
I'm not a basher and not a pumper. If MY posted numbers are good, yeah - great and nice! If they are bad, I will post them anyway, because I'm always interested in truth. I know, many shareholders will try to keep bad news hidden and just post good news, because they don't want to harm the PPS and their investement. This is perfectly legitimate.
I also hesitated to post these results to protect MY investement. (As we know, the paying member numbers are really disappointing.)
But I think the influence of my posts are way overestimated, so I did it anyway.
Do I trust the company? I really don't know. I started investing in ENTI april last year and after some DD I found some legal licence issues about the MMX website (it was not developed by ENTI!). I never posted this info and hoped the best for the june 2010 launch. As we know, it was a desaster. The site was just under construction. No videos, no spokesmen (Lady Gaga...hehe).
I was in deep red and completely lost my trust in this company. This has changed after Tony has become CEO. He brought some good names to the site and exposure is increasing. So, ENTI is really not a scam. But I stay sceptical. Where does the money come from to keep it alive?
On the other hand I'm really surprised about the progress of the MMX site (not revenue or membership, but contests, exposure and business connections). There's really a chance to get MMX flying. Who knows?
About the compression thing, I don't expect more than hot air. It's really impossible for an unknown company (do they even have employees??) to develop an earth shaking compression technology. So many MAJOR companies are developing in these area and we already have lots of very good compression techniques and codecs. Internet/broadband/mobile is getting faster every year. CPU (e.g. in mobile devices) are also getting faster. So we don't need really new compression technology from ENTI.
But I like the idea of yellow pages with video for small companies. This could be a niche market for ENTI.
The future will tell if Tony was like his brother. I hope not. I wish MMX and all of us luck! It will be exciting...
Corrected june member numbers:
Sorry guys, messed up the june numbers a little bit. Here the correct ones (from june 1st til today):
Oh yes, it's a positive correction. 3 times more... (but still just 2 paying members)
The latest howie d tweet will boost this in the next hours/days.
Last signed MMX member was BEFORE this tweet, so I really expect a small/big membership peak.
Hopefully we will break the last june record of 552 new members. (Remember, this was the first MMX launch and without any contests or big names on the site). If we can't break this with howie d, the current MMX concept has failed. (IMO)
Disclaimer: These are NOT official numbers. If you like it - fine. If you don't like it - please ignore.
Updated May member numbers:
First june numbers are looking good. In just 4 days 22 new members (2 of them have payed). Howie D effect? I hope, we will see a huge increase in this month. I'll show you next month.
Some other statistics: From all previous signed members, 5 changed from paying member to free member, but 7 upgraded from free to paying status. (since my last scan end of april)
In may we got 7 new paying members.
Here are the previous years. (I splitted my last posted chart, but numbers are of course the same.)
btw I found 15 additional members from the MMX beginning period. As I mentioned in my older posts, I just scanned all member IDs above 5000, because it was a waste of time to scan these obviously not used numbers <5000. (Latest ID is around 10578)
Now I rescanned everything from 1 to 5000, because I didn't want to miss a certain amount of previous hidden members. And I actually found some! But only 15 members. These are now showing in the 2009 chart (august).
Disclaimer: These are NOT official numbers. If you like it - fine. If you don't like it - please ignore.
Yes DevG, I know this list. But not very interesting, if you need 2,50 per share to short
The list changes often and sometimes there are only a small amount of shares for a specific title available.
What I know, IB is one of the rare brokers which allows penny-shorting for their customer. (But yeah, you need to be a millionaire BEFORE making money with shorting pennies...)
Don't know. I didn't really want to buy PTEL shares. Was just a little test and curiosity, because one user here said, he could not trade PTEL stock. (I guess it was Sharebuilder broker)
After trying to send the buy order, I received a "This contract can only be closed." message. It's the same message, I got with ENTID buy orders recently, so I guess it's the same reason.
btw can't buy PTEL too.
Yes, I'm really impressed with wire transfer speed. I'm euro based and money is nevertheless available for trading on the SAME day!
@Risi
Here's the latest IB costs:
USD 0.005 per share (Flat Rate)
Minimum Per Order USD 1.00
Maximum Per Order 0.5% of trade value
Examples:
100 Shares @ USD 50 Share Price = USD 1.00
1,000 Shares @ USD 50 Share Price = USD 5.00
1,000 Shares @ USD 0.50 Share Price = USD 2.50
Don't know when, but at 16-May, I got the following CS mail from my broker (Interactive Brokers):
ENTID was recently placed in closing only status for all IB customers due to clearing constraint. The trading restriction of ENTID is in place because this stock can not be electronically delivered/transferred at Depository Trust Company (DTC) at this time
ENTID is now DTC ineligible. DTC ineligible means the stock is no longer eligible for deposit at DTC. Therefore there is no indication if or when ENTID will be tradable at IB again at this time unfortunately.
I always had my ENTI shares (including 3.3% divi) in my account and could trade last week (buy AND sell order).
Now I'm only able to enter sell orders. But of course, I don't want to sell at these prices. I want to BUY! But can't...
I really hope, I can buy again BEFORE the 1:1 split.
Can't buy with Interactive Brokers anymore.
As mentioned before, I was always able to sell AND buy ENTID shares after F/S took place.
Today I wanted to enter a BUY order again and got the following message: "This contract can only be closed."
This is the response I got from IB customer service:
If you are receiving "This contract can only be closed." message, this means that no new positions can be initiated in this security at IB, only existing positions can be closed out.
ENTID was recently placed in closing only status for all IB customers due to clearing constraint. The trading restriction of ENTID is in place because this stock can not be electronically delivered/transferred at Depository Trust Company (DTC) at this time so IB does not support any opening transaction in this security. IB apologizes for any inconvenience.
EDIT:
A new reply after my question, how long this restriction is active:
ENTID is now DTC ineligible. DTC ineligible means the stock is no longer eligible for deposit at DTC. Therefore there is no indication if or when ENTID will be tradable at IB again at this time unfortunately. I hope this helps to further clarify.
hmmm...
I post this just as an update. Don't want to discuss these broker issues here anymore. (It's boring)
Just wanted to add some cheap shares to my account. Now I have to wait like others. No problem with this. Will be rewarded.
Small members update:
Since my last update (9th may) we got 19 new members. Two of them are paying (both advanced) members.
Don't forget: EACH paying member increases revenues!
Last update we got one paying member in 8 days, now we have 2 paying members in about 3 days. <g>
4. Interactive Brokers (IB) = Full trading allowed (from the beginning)
MMX Members:
Since 1st may we got 58 new members (until now).
And ONE of them is paying...(maybe other free members have upgraded too. Didn't tracked this)
Sorry, I don't understand this short/cover theory:
MM's have a lot of shorts. They need to cover (buy back) these before end of month. But nobody wants (and many can't) to sell at this low price. Right?
So, why do they not increase the PPS, so people will sell? Or why not lower it dramatically into panic zone (0.0002, 0.0001), so some nervous sharesholders will sell?
But if the price falls much lower, chances are high longs will BUY a lot of these shares (for average down or whatever)? Shares which MM's wanted?
What will happen in the next days/weeks, if MM's really need to cover?
Yes, if you see your new (restricted) PTEL shares in your account, you can do whatever you want with your ENTI/ENTID shares.
You just need your ENTID shares for the record date (27th may). +/- some days to be safe...
If you want, you could buy millions of ENTID shares on 26th may and sell them some days laters. And you will get millions of PTEL shares for free. What they will be worth in november...who knows? But you can't lose, just win!
Not exactly. People can buy (and sell - except the restricted shares) PTEL anytime. And not only after 28th november.
No exact date released. Just "about 20 days" after the f/s. So I guess around the 27th may. (or end of month)
(I think 20 days are market days)
at .01?
(Correction: .01 peak was on 2nd may, not on 29th april)
So you are holding about 4.3 mio ENTI shares. nice
I'm one of the lucky user which could trade every market day (buy and sell), but missed the 29th high because I was on the road.
btw I don't think this .01 was a realistic selling point. Just two (smaller) orders went through. After this high, PPS has fallen to much lower prices. So, yes it's nice to calculate the profit, but not really a fact.
I don't see it as a lost chance. It was like a fat finger peak. Nothing more. But still nice to dream about it.
Just BOUGHT 500k@0.0008 and a new order with the same is waiting for filling:
BOT 500,000 ENTID Stock 0.0008 USD SMART 19:54:03 2.00 null
don't know what "front the stocks" really means. But I got my divis last friday (thursday evening) and everything was correct from the beginning. ENTI disappeared and all my long shares (and the added divis) were listed with ENTID.
Yesterday was okay too. A small sell order went through and I always had the correct values in my account. Today the same.
If I didn't know all of these troubles of other users from this board, I would think everything is just usual. (besides the unusual PPS)
My broker is Interactive Brokers. Why are they doing it right and others not?
Yes, they messed up the record-date of the divi, but corrected it asap. Here's all my activity reports for these "corporate actions":
(I replaced some digits with characters)2011-04-27 2011-04-26, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 33 FOR 1000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) x2,600
2011-04-28 2011-04-26, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 33 FOR 1000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) -x2,600
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 333 FOR 10000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) -z6,650
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 333 FOR 10000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) -y3,260
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) MERGED(Acquisition) WITH ENTID 31 FOR 30 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) -w00,000
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) MERGED(Acquisition) WITH ENTID 31 FOR 30 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) -t,200,000
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 333 FOR 10000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) z6,650
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 333 FOR 10000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105) y3,260
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) MERGED(Acquisition) WITH ENTID 31 FOR 30 (ENTID, ENCOUNTER TECHNOLOGIES INC, 29259J303) t,273,333.3333
2011-04-29 2011-04-28, 20:25:00 ENTI(US29259J1051) MERGED(Acquisition) WITH ENTID 31 FOR 30 (ENTID, ENCOUNTER TECHNOLOGIES INC, 29259J303) w16,666.6667
Photocopy: yes, it's on my todo list for weeks.
Last week I bought $450 to average down and I sold this today for a double. But just to increase my cash, because it was near zero.
I'm still long with my rest $$$ and hope for future PTEL profit. BIG profit
And if we go down under 0010 today or tomorrow, I will buy 3/4 of my today (small) profit. Thats sure!
omg, same broker and I can't sell, because I'm on the road and my login PIN card is at home!
But doesn't matter. I'm still red...so, will stay long.
Just for discussion
Updated april member numbers.
I've updated the chart with the final new members signed in april. It's a slightly increase to the previous month, but not as high as expected for the cam'ron exposure.
btw cam'ron: Since the video was premiered on MMX (26th april) 110 new members has signed the site (until today). But only 2 of them are paying members (but both as master).
60% of all new members in april have signed after the cam'ron video (which was late in month too). That's very good and reflects the exposure.
Disclaimer: These are NOT official numbers. If you like it - fine. If you don't like it - please ignore.
To verify the april numbers click the following link and increase the userid (key) +1:
www.musicmatrix.com/profile.php?te_class=user_profiles&te_mode=view&te_key=10226
Hint: starting point for cam'ron video is userid 10299
Interactive Broker (corporate) messages from today:
Stock Dividend ENTI@PINK
ENTI@PINK ENCOUNTER TECHNOLOGIES INC announced a 333 : 10000 stock dividend with effective date 20110429.
1 : 1 Issue Change ENTI@PINK
ENTI@PINK ENCOUNTER TECHNOLOGIES INC has announced an issue change of 1 : 1 effective 20110429.
Pending Merger ENTI@PINK
ENTI@PINK ENCOUNTER TECHNOLOGIES INC is the subject of an announced merger effective 20110429.
I guess the term merger is related to the symbol change (ENTI will be merged to ENTID) and NOT to PTEL (which is not a merger anyway).
btw got also this private message:
STOCK DIVIDEND CANCELLATION - ENCOUNTER TECHNOLOGIES INC (Symbol ENTI)
On April 27, 2011, IB processed a stock dividend for the security ENCOUNTER TECHNOLOGIES INC (Symbol ENTI). IB processed this with an incorrect ex-dividend date of April 27, 2011. The correct ex-dividend date is April 29, 2011.
IB will be correcting this issue shortly using the correct ex-dividend date of April 29, 2011. Please review your account and manage any open risk associated with the re-processing of this issue.
So it was an error, that I got the divis two days ago. But they are still in my account. (all shares with ENTI symbol...no ENTID at the moment)
I got them already (as some others too)
Here's the report:
2011-04-26, 20:25:00 ENTI(US29259J1051) STOCK DIVIDEND 33 FOR 1000 (ENTI, ENCOUNTER TECHNOLOGIES INC, 29259J105)
And they were added to my other ENTI shares like I bought them on the market. No special title name or other restrictions. I could even sell them before offical record date! hehehe
My broker is Interactive Brokers (they are always one of the fastest for these things).
I remember back one or two years, where the opening price of a pinky title (named like an old submarine town) was 1000 % or more plus after a split (and new symbol). Most shareholders couldn't trade, because their brokers hadn't updated the symbol in time. Interactive Brokers was one of the only (or the only one) where you could sell. I had just several hundred $ invested, but on this morning I made $$$ profit and others were crying, because they couldn't do anything and the pps was falling down every minute.
Some more member numbers...
NEW members per day:
4-23: 1
4-24: 0
4-25: 6
4-26: 36
4-27: 42 (until now)
So, just for the last 24h we got 78 new MMX members! Not bad (in relation to a "normal" day). Ok, these are not hundreds, but the video just started.
And remember, the last 6-month average was about 160 members (per month), so we just reached half of the monthly average in 24h.
Disclaimer: These are NOT official numbers. I'm doing this for myself. If you like it - fine, if not - just ignore it.
You want to check it? Try this link as a starting point:
www.musicmatrix.com/profile.php?te_class=user_profiles&te_mode=view&te_key=10297
Look for a date in the status box (bottom of the site). In this case
BobT has updated his profile
Apr 25th 2011, 5:42 PM
Find the earliest date, which is mostly the signing date. (Not every member has a date in this field)
Now just increase the key number of the link (e.g. key=10298, key=10299 and so on) until you reach the last user id. (You get a database error)
Count every shown member and assign the date to a day (or month). If you have missing dates, be smart and look for the previous or next dates.
This is no voodoo and for monitoring a short period, you don't need a tool for this.
With my link, all members SHOULD be shown. Private toggles don't affect this. But of course...just IMO
Have fun
You can sell these shares without filling form 144 as long as you don't reach $10.000 in 3 month. IMO
But don't forget...after 6 month, we are all millionaires here, so we need to fill this form if you want to realize your profit.
DevG, I will try to track this
Could be very interesting about members <-> exposure...
(Still interested in more background info? PM me your mail address.)
Numbers
@jvg25
Yes, of course these numbers just reflect the past. I wrote in my first msg that this could (and hopefully will) change in the future.
@mhjr
I only stated, that the signing date is not 100% accurate, but not the numbers of member and their membership status.
@camper9
jeez, no I did NOT manually checked each and every profile on the site! That's the reason I coded this tool. Of course I did lot's of checks with test runnings. But if I would double check ALL, I didn't need to create such a tool. And btw...check it yourself, if you want. You can do it...
@MDPennyPlayer
the red "members" are not used user id's.
e.g. every userid below 5000 seems not to be used. Maybe they changed the base of their database member counter.
@all
If anybody is interested, I'll provide the complete memberslist as a textfile (CSV). So you can prove it by your own and of course calculate the paying members. Just send me a PM with your mail address. (Sorry, I can't reply by PM)
And YES, there could be errors. But it should give us an idea of signed members. That's all.
Sorry, I spend many hours to develop and test this tool. I wanted to share the results to this community. I'm not bashing (i'm just a little bit sceptical). It seems, it was a mistake doing so. I will stop discussing this topic. Take the numbers as it is or ignore it.
It's very easy:
my tool opens the profile site of every user. The same as you click on it with your browser. But the tool does this automatically for thousands of profiles.
Each profile site will be "parsed" for the member status and the signing date (e.g. first chronological entry of "xxx has updated his profile")
All these data will be summarized and voila - you have a full memberlist with member status (and mostly the signing date).
From this list you can create the chart.
Here's a current screenshot of my tool (i don't want to publish the paying member numbers for now):
It's no cracking/hacking the database or anything illegal. If you had MUCH time, you could do it manually with your browser. Click on every user and note the member status. At the end, you will have the same numbers as mine.
I've done it primarely for me. And it seems, that most users here are not very interested in these numbers anyway.
seems you missed my post 108910 from today...