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I got a feeling the SHO list is around the corner, I'm seeing some crazy trading near the closing.
I wouldn't count on it.
Now that we are moving north, we have to see some reason for the increase. I would suggest that without a PR with some substance, we ain't going noplace fast. This should be an interesting week. Is there a reason for the SP increase ?
Fridays are always slow days for pennies. I take it as a good sign if we don't see a lot of volume today. Traders move out of a stock with a profit before the weekend. NOW, there has to be some follow up as to the reason why they are moving up. Nothing stays up with hot air only, as we all well know.Financing, sales, merger, or nothing ? Something with teeth is well needed, we have had enough flapping gums.
They sold, but they would not buy without a phone order.
Smells fishy here, scottrade isn't accepting buy orders on MMXT, this looks like a lot of manipulation.
No doubt poised for a break to the upside, but there has to be a reason. Now we need a reason for buyers to come in.
I understand that. When I asked about a physical address, I was talking about an office, not a home. I didn't bother to call ahead because I assumed that he would either be in office and give me 15 minutes of his time, or the office would be empty. Had I known it was his home, I would have called ahead to have him meet me, or be prepared at his convenience to meet me. I will give him a jingle before I go into the city the next time. It is clear that he works out of his home, but I doubt he would want shareholders banging on his door at random.
I spoke to Mario last week,and told him I was going to visit Inmod. You would think he would have had the sense to say "give him a call before you go" ?
I don't have his phone # LOL.
3 posts ago you sounded like you were headed for the nearest bridge.
I didn't shoot O'brien down for running an internet bussiness, what I find unusual is that instead of just saying that there was no physical address, Howdy posted his home address. I could have just as easily called him on the phone and arranged to chat about what he was up to at a nearby restaurant.The truth is, I felt it rather rude on my part to barge into a mans home unannounced, so I walked. I don't want nobody walking into my house asking questions, and I would expect he may feel the same.
Let's not jump to conclusions. In the first place, I don't know if he needs an office, who he knows, or what it is he is doing for the company. Why they PR'ed it as an acquisition, instead of just a hire for shares, is anyones guess.I didn't meet the man, and have nothing bad to say about him. Howdy should have been far more clear. He could have said outright that O'brien worked solely through a web bussiness, it's not that uncommon these days. Had he provided a telephone #, I would have arranged to meet O'brien to see what he was up to, rather than abruptly showing up at his house.
I didn't get in. When I went to the Address, there was a woman coming out of the building, and I asked her if she ever heard of Inmod, and she said that there were only apartments, no offices. I then went to the front door, and the suite # 16, was listed as Ross O'brien. The area is nice, a shoebox in manhattan costs a half a million, but I'm not sure if he rents or owns. LOL
I really didn't think it appropriate to ring the guys bell and start asking questions. When I asked about a physical address, I was thinking more on the lines of an office, not an apartment. It looks as though he is doing whatever it is he does out of his apartment.
Well, I went to see Inmod solutions today.The address Howdy listed is Ross O'Briens apartment.
No, last week was a big week in NY. The U.N. was buzzing,and you don't go anywhere near Manhattan when the diplomats are on the street. I will try to make it in later this week, or early next week.
Fly, it is painfull, but it makes sense. They need money. They were never going to get financing through SCMI. There remains A good chance that they can get financing through MMXT,with a far lower outstanding, and filings. Aside from the fact that volume of 10 million could double MMXT shares, and they need to at least double, A financing group would never even look at a .01 pink sheet stock.I would look for the brunt of any sales and PR's to come from MMXT, hopefully, the SP will get up into the .03 to .06 range, and they can finance 100 million shares for good money, then get the merger rolling. Nothing can happen without sales and financing, and financing with SCMI is out of the question.
The price action on MMXT has a lot more to do with far fewer shares in the outstanding, and float.If you have been following along, you must have noticed that MMXT traded below a penny, but far fewer shares were traded. There has been a deluge of SCMI shares traded at under .01. Common sense says that those who bought at .006 or .007 will likely take some profit if SCMI goes above .01, regardless of what news comes out. 50% is a hefty return on a few hundred dollars, and will likely lead a lot of holders to take profit and let the free shares ride. As a trader, I would be betting on the need for a 50 million share rollover before SCMI could start any real rise in SP, I would be looking for around a 10 million share rollover before MMXT could do the same.That's just an opinion, open to debate, as I'm sure it will be shortly.
Fos MMXT, 1.6 million shares in a day is monstrous, as compared to several weeks of volume in the 100's of thousands per week.
They both deserve answers. I don't know what the acquisition costs are, but I can't see why they just didn't hire the guy outright, rather than setting up a company, then acquiring it. That being said, that's the way it was done.
the address howdy listed is not very far from where I am at. I will check it out first chance I get.
The website doesn't mention any address, and when you click on the "contact us" logo you go back to the main page. anyone have any idea if this company has a physical address in NY ?
I haven't rated him at all. I just don't get why they created a company several months back, and now PR'ed it's acquisition.As for NY, I live in NY, and it's the best city in the world. The apple rules. Does Inmod have a physical office in NY ? I'd be glad to take a detour anywhere in the 5 boroughs and check it out.
Why would they set up a company to sell product, then acquire it before anything sold ? It appears that Inmod only has one employee. Why didn't they just hire O'brien ?
The fruits have been falling for 2 years. We just got another grapefruit tossed at us today.
Very creative. Create a virtual company to sell the company products, then buy the company before they actually sell any products. Sounds like we just bought a 1 man show, for an unnamed amount of shares, who did as much in sales as both MMXT and SCMI have done combined. The 3 companies combined have sold nothing, so Inmod isn't doing all the bad in comparison.
JR, look on the bright side, now we can at least say we helped ross Obrien complete his schooling.
IT WAS NOT THE EULA THAT WAS SCREWED UP. At what point do you admit that if it was only the EULA, the software would still be in use today ? The software had a flaw. Being that it was an unpopular thing to be doing, meaning protecting CD's, it was likely blown way out of proportion, but it was NOT the EULA that started the ball rolling, that was just colateral damage, likely brought upon SCMI by sony/BMG's own stupidity. The F4 fiasco brought the SCMI software flaw into the spotlight. Eventually, it was going to happen anyway.Come to terms with it. Had it not happened, the flaw may have gone unnoticed until someone found a way to exploit it,SCMI was actually fortunate that it was found and corrected before it was exploited. IF the software itself didn't have a flaw, even a minor one, the case itself would have nothing to do with SCMI, it would have been directed at Sony/BMG, and the lawyers that wrote the EULA.
This is a quote from July, it's september, and as of today we haven't seen one of these products in use anywhere. "Response to our new product line has been nothing short of phenomenal," says MediaMax President Scott Stoegbauer. "Our new products have created interest within more than a dozen national corporations inside our target market segment and we expect to begin contract negotiations with several of them shortly. This targeted marketing effort and the associated realignment will be guided and expanded upon by a new interim management team."
It really isn't rare to see volume at zero, or next to zero, for MMXT, more like the norm.
12 times a day, every day,every week,every month.
An acquisition ? With the SP below a penny, an acquisition is going to be costly. Not that it matters much.
I don't even know what he is talking about. What exactly was this PR supposed to tell us ?
Fly, when it didn't come out when I was told it would, or even close to when I was told it would, I figured what was the sense of wasting time asking.At this point,i'm in the see it to believe it mode.
If by chance MMXT actually sells something, how are they going to reconcile to MMXT holders that a merger is in the companies best interest ? MMXT has about 250 million shares, well less than half of scmi, and has held on relatively low volume. SCMi is bleeding millions of shares daily, like a stuck pig. A merger would be nothing but an albatross to MMXT shareholders. My meaning is that news from mmxt coud get SP up to .015 to .02 on relatively low volume,probably under 3 to 5 million, there simply haven't been enough shares traded at these lows. It's going to take a crane, and about 100 million shares traded for scmi to follow.
You're probably right, either way, it didn't show up anyway.
No filing for MMXT yet. Anyone hear anything ?
LOL. I sincerely think they are going to file, as it would be insane for them not to file.
Last I heard, the filing was to be finished by monday, then sent in, and posted two days later, tomorrow.