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Excellent November business timeline!
Looking forward to a SPIKE in sales! HOpe that Auto-Post is up and running soon! Can't wait for MRNJ's new patent pending technology to capture an audience of millions, as projected it will. Exciting times ahead.
Whenever there is a forum for talking about something really REAL, there is all to often a big fuss made about something VERY PETTY, which helps to bury the meaningful posts, anyone else notice this pattern lately?
I didn't know much about it when I first invested 3 years ago. I had only known what an app was for a few months at that point and some friends when I first told them about MRNJ didn't even know what an app is at that time. However, I did NOT want to miss out on the next new thing, so I somehow managed to hear about MRNJ and more than likely invested in it due to something on the yahoo board, initially. I hold the perspective that this industry is something that for now a younger segment of the population is embracing. I don't know of very many people in their 70's that have an i-phone but nearly everyone in their 30's that I know has one. The younger people have the phones, know that the sector is red hot but they are typically NOT the ones with the money to invest. It tends to be the 60-70 year old crowd with the most money and they are least likely to invest in something new, so it is a paradox of sorts and the shifting paradygm of the present.
It is sad in terms of the momentum and that so many would be investors just are unaware of the great opportunity that exists now. I have been on the unaware end of the proposition before, there are just SO many possibilities and each of them has a different story, no one can find out about the gems quick enough given the staggering odds of finding the needles in the haystack. I agree, when things take off, it will be rather suddenly, at least this next time, it will be about substance, rather than about speculation like Feb 2011.
But like you have said for years Cheche, no one knows about MRNJ.
I saw his resume the other night after reading the interview he gave in 2009. I noticed that Disney had been a client of his in a previous position. He has a solid background in business and a lot of experience from a variety of angles in his pursuit of a career related to communications. No doubt his past successes and contacts will be a beneficial resource.
I agree with Diode that it is terrific that Eckhart Tolle Facebook page has a newsy blog about the mobile app. It was NOT there earlier in the day when I checked it. How impressive to think that it has reached 608,000+ followers
Kisser, I posted this last evening, don't know if you saw it or not.
Keep in mind that Sony's financials are QUITE a different story from Disney's. I understand that Sony took a great financial lass last year, in the hundreds of millions, as I recall. They are probably being too conservative at the wrong time. Also, recall that Sony has its own app subsidiary, so they may have decided to develop inhouse to save $$$.
Dreaming big is the beginning of figuring out how to get there, knowing what opportunities can be seized and how to execute on them is the defining moment. If MRNJ can secure top tier movies through financing arrangements and major content signing on, then they will no doubt capture a share of the market, in my guesstimation more than 1%. In my opinion, they are well positioned at an advantageous time. It is a big "if" but I believe that management is experienced enough in this field to pull it off with a bit of good luck and timing. Sounds like the timing of a major content sign on simultaneously coupled with a 7 digit financing package is demystifying in and of itself. Of course, the fine print must be demystifyed too. It sounds like the stewards of this company are keeping us abreast of many of the irons in the fire. Odds would suggest that some of these will burn red hot, which ones will keep everyone guessing.
From Metatron's blog on Fri. 11/16/12: "Eckhart will be on Oprah's Super Soul Sunday again this weekend. ETV told us they will be doing a link to our app on their 600K Facebook page very soon...hopefully before the show."
I just looked and do not see it yet, though it might be there and I missed it.
Today's blog talks about meeting a california event promotor to make a streaming video app of concerts, etc.
Guessing it c/b Disney, here's why:
Major Film Studios, Today's Big Six(2011):
1. Viacom.............19.3% marketshare in US/Can
2. Time Warner........18.1% marketshare in US/Can
3. Sony...............13.4% marketshare in US/Can
4. The Walt Disney Co.12.2% marketshare in US/Can
5. Comcast/GE.........11.3% marketshare in US/Can
6. News Corporation...11.1% marketshare in US/Can
Also, I found an article dated Wed. Aug 15th, 2012, titled, "Netflix Provides 'Knock-Offs' After Contract With Disney Ends"...it quoted the following:
"Since the contract between Disney and Netflix came to an end, you won't find any Pixar films on the Netflix streaming website..."
This information is easily found on the internet.
Thanks Diode. I place much of my opinion about anything I am involved with in terms of character. For example, my favorite character on this board is Storm. When Storm expressed his appreciation for your comments recently, that was a great endorsement. I appreciate that you have made a number of foggier matters clearer for others to see. I knew nothing about the shell game until you elucidated and now all these timely assaults are clearer to grasp. Back to character, I have been around a while and have seen the tactics used in a myriad of ways in life to discredit, the most traditional manner of discrediting is to repeatedly be negative, to selectively only point at negative aspects of a person or a concern. The behavioral pattern is clear to sort out. I can apply the opposite to positive character, which is consistently observed over time, as well. In that regard, I have slowly and methodically developed faith and respect for the management of MRNJ. Check my posts here, they go back over 2 years. Check out the many things I have discussed. I have been overwhelmingly supportive of management and this is not just because I own stock although that is the obvious. In every case that I have written to Investor Relations, I have always received a reply to any concern or question. Only a few days ago IR promptly answered my very recent concern, which I've alluded to. Because of the consistent reassurances from the management, via blogs and my personal email correspondence, they have earned my belief in their character, and moreover, the dedication they have for the long-term value to shareholders.
I talked about concern about dilution earlier this week, I guess that is positive only depending on how one looks at the issue. Howver, the point is that it looks very much like an agenda when someone ONLY and OFTEN goes on and on about the same negative material.
What an apparent admission of promoting the negative, cannot be more transparent than that.
Twist, twist. I did not compare it to a patent being issued, but few seem very excited about that prospect either. Guess you can get a patent for a couple hundred bucks too, but you won't get the legal work involved for that, trust me. At any rate, miss the point if it serves your purposes. APPFLIX is a great trademark name which carries inherent value, just wait and see.
I share your frustration that a good quarterly got brushed aside like it was a non-event, but I think it is a temporary event and that the flood of new things in the hopper is really exciting and worthy of hanging on for a while yet. Based on the spectrum of discussions the past couple of weeks, there is more than meets the eye going on, just my hunch. For example, the announcement of tha trademark registration granted for APPFLIX got shuffled aside too, as a non-event by many on this board, BUT it is NOT a non-event by any means and I think the best news lately. I even think there is a coorelation between that trademark approval and the blog today with the financing option and large content provider waiting in the wings. Appflix is a fantastic name, as soon as it was issued MANY were immediately aware of it and looking into it, as is the case when a patent is issued. It's approval can garner opportunities unforeseen. When big things start to happen don't think that you will be the very first to know of it on this discussion board. Also, when that occurs the dynamic will shift and things will happen relatively MUCH faster than we are used to seeing. Just my opinions of course.
Ive been under the same perception regarding the thinkstream or whatever it is called.
The wording of it leads me to think that the investor group came to them. I am wondering if somehow the investor group came to them as a consequence of the evolving deal with a large content owner or if these two events coinciding are not at all related. The fact that they were "offered" such financing of 7 figures might also lead one to think that the "investor group" understands the scope of financial needs that MRNJ is about to embark upon, again leading me to wonder if there is a connection between the content provider and the investor group offering a non-dilutive financing package. Management will have to sit down and crunch some numbers to determine what sorts of additional staffing is needed, if any, to process thousands of new movies, etc. Obviously a small staff of 3 people will not work forever if there is going to be expansion and acceleration of growth. It makes sense that management would word the blog as it is, giving them the inferred position of making a thoughtful final decision, not jumping at the offer seems sane and prudent. Additionally, it could be that the financing was rustled up or clued in by the new content provider as it would acutely recognize that if it wants to get its thousands of movies out there quickly MRNJ will need funds to make it happen faster. That may have been discussed, too. Always worth taking the time to read all the fine print.
Todays positive blog statements have not actually been finalized with respect to non-dilutive funds and a top tier content owner with 1000's of titles...not done deals, so that might affect volume. I think that it is more than a mere anomaly that some days very recently(last week)with nothing special going on there were around 4million shares traded and a lot of hype and then today when there should be a bit of excitement not much to speak of. I don't think that points directly to turned off investors, I think that looks more like lack of awareness. Just my take on it. Either way, it doesn't affect me if there are no new investors. I invested in this because of the exciting prospects for the sector and hope that management seizes good opportunities to grow the business. It will not affect me if no one else is interested.
Very nicely done, will copy and keep handy as recommended.
The investment climate the past 3-4 years has been the worst I have ever seen in 30 years of investing. Aside from everything else, I think MRNJ has done quite well surviving these desperate times, not to mention carving out a niche for itself and increasing revenues and clients. If management had been irresponsible it would have not made it, in my opinion. That should also be part of any perspective judgment rendered on management. All that management has done cannot be simply viewed in terms of the share structure, that is myopic and simplistic. If this had been 10-15 years ago, this company would have gotten financing a LOT sooner. It doesn't matter to me if NO ONE else invests in MRNJ, that is not my reason for tuning into this board. Revenues will run the pps pretty soon, which is a far better dynamic than a rush of short term investors flocking in for a hopeful quick buck and running the pps based on impulse buying. For me as a longterm investor, I am interested in what Storm and others like myself are saying.
Thanks Storm, as always for your enthusiasm. Yes, I have been invested since late 2009, so like yourself, have seen things develop and lately at a much faster clip, so I am tuning in each day instead of once a week or so. Today's sharing of news is very exciting, it makes me reflect on the exciting mantra that they posted in one of the first blogs in late December of 2010 when they proclaimed their long term goal was to become the "Walmart of the digital media providers" or something to that effect. I hope that the deal with the top tier company is signed without a lot of fuss so that Appflix can be rolled out without delay and capture the potential purchasing boost inevitable during the upcoming holiday season. That would be a great development.
Lastlurker,, good line of discussion to follow up on. As I recall, months ago, maybe 4-6 months ago, Sony bought up a British record company, can't recall the name, something like IMR or AMR, not sure. Anyhow, there was an article that I read, don't recall if it was on the blogs or in the WSJ but it said that would give SONY 33% of movie rights worldwide with a hoard of about 2 million titles. So, I assumed from that that Sony was clearly #1 holder of movie rights but maybe not. Anyhow, the blog today said the new content holder is the NEXT behind Sony in size, so that would make it a goliath. Any of can be verified and clarified by a little research if anyone is interested, btw.
I place more faith in management than some. A LOT can happen in a day. Looking forward to tomorrow.
If the old guard you are speaking of is the concern that created the shell and wants to reuse it, then wouldn't that be peanuts to the real, great potential here of an investment that can make them enough to start many new shells if that is the endless route they are so seemingly fixated on??? There is a POINT of diminishing returns... so I agree, Diode, with the argument that you have been espousing for weeks now that it will NOT be in the interests of the concern to suppress anymore.
In my humble opinion, your argument is now something of a moot or irrelevant point due to the fact they have secured top tier funding. Also, I believe that this "outreach" targeting of potential app buyers/stock buyers was a part of the company's strategy to find a source of top tier funding, maybe not traditional but maybe creative and maybe successful, too, who knows at this point? Somehow, amazingly, it has happened. I am wondering if any of the newbies to the board recently might have had anything to do with it, as there have been some very curious devil's advocates lately, and that can actually be a strategy used by an interested party to ferret out the facts. Regardless, it is a GREAT development and seems to come at lightning speed considering the discussion posts of the last few days. I encourage every shareholder to write to IR and express his/her response to this development. I think management deserves kudos.
Could it be a consequence of Push Notifications?
Additionally, there was talk with Omnimax at some point, as I recall regarding the travel apps. That is another important contact they have made over the years. Perhaps they could connect again with Omnimax(or its parent corp) and introduce them to their newly developed IP Auto-Post, perhaps that would wrest some top tier into their hands, who knows? I think something like that will happen with a contact. That is usually how things unfold when a successful model is developing.
I tend to agree that something is going to happen in that regard sooner rather than later. I base this guess on the fact that what we on the outside have been informed about is only part of the picture we are getting right now. I am sure that there are many other things in development and much about their IP that they will not go into detail about publically for obvious reasons. MRNJ is transparent enough in my opinion, needn't give any secrets away.
I think there is a reasonable possibility or likeihood that MRNJ will get some top tier content before too long. I base this supposition on the following:
1. Their business that exists, which Storm just so carefully detailed, is an extensive library of apps in self-help, spiritual development/healing, books, travel, etc. Those of us who have been here a long time can recall all the blogs that have occurred over time describing one contact after another and what developed. Each of these clients and categories was slowly and individually pursued and developed. In the process, the management met a LOT of people and made a lot of contacts. That is an invaluable resource in and of itself for which no dollar figure could be ascribed. For example, they met with Sony a couple times earlier this year, in April and May or June.
2. It is a major priority and these guys have proved over time that they are both very creative and industrious. To me, personally, they have always responded to any inquiry I have sent via email to IR.
3. Appflix, which may seem generic and innocuous to some, is actually a VERY smart trademark/trade name. If MRNJ can keep their rates low and stick to their model of becoming the Walmart of digital content distribution that was elucidated in December of 2010, then I think that there are numerous entities that will sign on with them perhaps with little more incentive up front. This is another reason it is so pivotal right NOW to get SOME sort of top tier, if just one major movie as someone suggested a few days ago = a major attention grabber and income generator.
4. Existing clients, some are shareholders so I have inferred. That is a resource, also, especially since there seems to be a very happy client base, as I am not aware of any developed clients who have left. Existing, satisfied clients can recommend others in their spheres of influence. It is hard to guess what will crop up at any time.
5. Existing and new shareholders also have contacts that are unknown and cannot be dismissed as insignificant.
6. Existing content is expanding and business is growing, perhaps a loan can be secured at some point when they can make a convincing case for their future prospects which is based on a business model that is profitable and facts can be delineated.
In 3 years I have seen the share structure increase 4-5 fold. How is it that the majority of those shares went to the shell operators? I can only imagine that could happen if they purchased those shares or did they go as a form of paying some sort of debt off to the concern that set MRNJ up? If that is the case then I can better understand why and how they got control of all the shares they allegedly own. Anyhow, if the debt is all paid off then I cannot see why there has to be more dilution, especially when the company is profitable now and the forecast is looking better every day. Like I have said before, as a shareholder, I can accept that there could be a pile of shares exchanged for first tier movie content, especially right now with the advent of Appflix, for example, or for top rate legal work to protect IP related to Auto-Post, something of that nature. Honest discussion of this matter should be understood as a means to increase knowledge and awareness, and I usually appreciate anyone's insights and infectious enthusiasm. Jumping to premature conclusions does not foster discussion, it actually suppresses it. No company is fault-proof. Discussion of varying people's perspectives - beyond and outside of the agendas of pumpers and bashers - is what a discussion board is supposed to be about. Identifying concerns and pinpointing problems is a way to solve them and make things better. Spreading the good news of progress is a way to provide reassurance. I look forward to the developments that seem to be on the brink of the Holidays.
I find it hard to believe that the company increases the outstanding shares by 100 million here and 100 million there and it only benefits some obscure group. That seems like a stretch of the imagination to me. I support the company. The company is on the right track. I do not like dilution. It is that simple, there is nothing disingenuous about it.
Storm, I have said so before but will repeat for the sake of this discussion about share stucture. Having been through a LOT of dilution, ie, I think that there was about 80 million shares when I first bought shares 3 years ago and now at 600 million shares. I do not accept that comparing the dilution of other struggling companies is a good benchmark, too much like comparing apples to oranges in my opinion. However, it is cause for reflection and gratitude that the shares I have are not yet further diluted. I have confidence in management that they are truthful when they said to me in a recent email that they are committed to long-term shareholder value. A LOT of progress has been made, the revenues are way up, but I agree with Diode, the pps is depressed for some reason, perhaps because there seems to be so little interest in buying. I suspect there might be some manipulation. I appreciate the informative blogs. I am still a shareholder largely based on all the encouraging DD that you so kindly share with the rest of us. As always, many thanks for that. I have not seen an update to the moratorium on dilution in some time, was it August we got the latest extension, to my best recollection? That has been 3 months, so perhaps this needs to be reaffirmed or reconsidered pretty soon. If we are making good record revenues and Q3 was very positive why wouldn't this happen sometime in the near future to reassure shareholders? I will not be very happy with UNSPECIFIED significant increased dilution. If however, the company issued, for example, 100 million shares in a swap for top tier movie rights for Appflix, then I would be okay with that as a shareholder. I believe we need to give the company the chance to really succeed but I do not like to see the share structure inflating with nothing being mentioned about it, leaving so many in the dark, confused, and giving bashers a windfall. That does not shore up investor confidence. Nevertheless, I remain very hopeful that Auto-Post and Appflix will somehow get off the ground in a successful and resounding way.
I think that if the moratorium on increasing the share structure is extended widely beyond Q1 2013 then I will feel a LOT better sense of security as a shareholder. I agree with you that it will be a VERY supportive move towards shareholders if this is updated soon in a company blog. That is my #1 issue and my only significant issue presently. Other than that, I am very pleased with recent developments and support the management.
With pps being subject to manipulation, it is indeed the shareholders who make the defining difference. They not only provide capital but often offer ideas and insights to a company that helps it take advantage of otherwise unseen opportunities.
Agreed. History repeats. 23 months ago pps was $0025. Just 2 months later it reached $0375, that is an increase in pps of about 15 times in just 2 months. That was all based on speculation, too, AND that speculation was NOT as interesting as the current campaigns to launch Auto-Post and Appflix, imo.
Perception of significantly increased revenues will help,especially when the results of Auto-Post and Appflix campaigns are known. Then, if results are as good as hoped, expectations of revenue growth will raise pps.
Good analogy. Recently a lot of "old" bashers have resurfaced and old timers have suddenly joined in and morphed into bashers, while other old timers say they won't log on now because of it. That has the effect of also quelling any further buying by existing shareholders, too, not just prospective new ones, keep that in mind.