Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes! Close at 108.00!
Oops, sorry, you're right. 334 million shares is an increase of over 50 percent then which is considerable.
But if this dilutes the share price into oblivion, how does that help Macallen?
That doesn't surprise me, but still, how does Macallen benefit unless the stock goes up?
Okay, since most of you guys are savvier investors than me, help me out a little please.
The agreement allows MRNJ to issue up to $1 million worth of stock and sell it to Macallen. 334 million new shares seems pretty dilutional (although with almost 6 billion shares outstanding, this isn't that much of a percentage increase - unless my math is wrong).
But what I'm wondering is, how does this benefit Macallen unless the stock goes up? If they get $1 million worth of stock and the stock price falls by half, they just lost $500,000.
Sure. I've said for months that we're going nowhere without financing. The company announced a moratorium, which is good as far as it goes, but financing is the key.
That last post should say "increase in A/S"
Latest blog - moratorium on R/S and increase extended through Q1 of 2014.
I wish it had been longer, at least through Q2, but the extension is good.
I'm not defending the company, I'm saying that if someone tries to get the clients to break their contract, you can be sued for that. It's called tortious interference with a contractual relationship. Ask a lawyer if you don't believe me.
Not to mention it would infuriate all the other investors by taking away any possible hope for their investment (no clients = no revenues).
Why some posters here are so anxious to do that is a mystery. Almost makes one think they have another agenda at work.
Anyone who doesn't think they'll get sued for getting MRNJ's clients to break their contracts should ask a lawyer about tortious interference with a contractual relationship.
If you don't like how MRNJ treats their shareholders, there's a simple yet elegant solution ... don't be a shareholder.
IR emailed me the other day and told me that (1) no decision had been made on extending the moratorium and (2) they didn't have any information they could release on the status of financing. These were not exactly helpful responses but at least they emailed me back (for what that's worth).
Oh and for anyone who hasn't figured this out yet, the idea floated on here of writing to MRNJ's clients to get them to break their contracts with the company is a good way to get sued.
New blog - "good chance" Zukav app to be submitted to Apple today.
Good, this has been a long time coming. Nothing against Tolle or Glenn Harold, but it's good to see a little diversification.
Now let's get a funding deal signed and Appflix released, and we'll be in good shape.
Post #43874. This is what Storm said:
3rd Q Revs
Well, all4, then, if you expect $140K revs, then I bet you will be pleasantly surprised when it comes in substantially above that.
While I project it will not be a 3rd consecutive record revenue quarter, I do not expect they will do $140K (equateds to average of $1,555 App sales per day) for the 3-months. Based on what I have seen from following the ranks during what I expect will be sales sales from ~May 16-Aug 15th ('da slow summer period in retail)....I am estimating somewhere in the $168K - $175K range for reported revenues, which is +8-12% YOY quarterly revenue growth.
Given their expenses in Q1 2013 and Q2 2013 were in the $170Ks, my best expectation is they break even for profits for Q3 2013, but I would not be surprised is net income for this period is -$1K to -$15K.
That is my current outlook.
Best Regards,
StormKing
Revenues and expenses were exactly what StormKing predicted they'd be, back on October 24.
Not saying he's wrong but that appears to be an extended ad for his services.
And I bet there's more than a little cost difference in MRNJ's regular apps and the mega-apps (but that's just a guess).
A 6 percent profit margin?
Okay, the average profit margin for a restaurant is about 3 percent.
http://smallbusiness.chron.com/average-profit-margin-restaurant-13477.html
The average profit margin for a supermarket is 1 percent.
http://smallbusiness.chron.com/profit-margin-supermarket-22467.html
Here are some others, all within a 5-to-12 percent net profit margin range.
http://smallbusiness.chron.com/reasonable-profit-margin-17989.html
Unless we're engaged in apples-to-oranges comparisons, I don't see that a 6 percent profit margin is unreasonable or out of the ordinary ... or am I wrong?
The blog was from yesterday. I got an email with it at 6:54 p.m. Wednesday.
I was using the term "handed to" loosely ... I really want MRNJ to get a good finder offer and accept it, we're not going much of anywhere without one.
I certainly agree they should only take a good offer, but if someone was handing me ten million dollars, there's a limit to how picky I'd be.
They need to take one of the offers though. An offer isn't worth anything until it's accepted.
And yet BLAP has ten million dollars in financing and we don't.
Can't say I believe in the big Group conspiracy theory, but it is an interesting question ... there are over 500 million shares of this stock outstanding, who owns them?
Yes, please write it up, Storm.
So why did BLAP get the financing and not MRNJ?
IR said in a blog several months ago that they were getting one to two financing offers a week. Are they turning them all down? Why?
This company is going nowhere without a financing deal like BLAP got.
Go back and read the quarterly report from August 2012 and you'll understand the frustration.
http://metatroninc.com/metatroni-mobilize-reports-2nd-quarter-2012-earnings-results/
Here are some of the highlights:
• Company signed letter of intent to form a strategic alliance with a major app company with household name clients. Joint projects are underway and full disclosure of the agreement are pending approval from the alliance partner’s board of directors. The deal is expected to be finalized in the third quarter.
... large-scale projects like the Mega movie/video app nearly ready to go ...
... management believes that another milestone has been achieved in the company’s growth arc.
Growth arc? Since August 2012 the company's market cap has been cut in half.
Releasing an app in French was most likely GH's decision rather than MRNJ's, wouldn't you think?
They should release it to show off its capabilities. If it has a great delivery system then VC's - and Showtime - will take notice.
The wording of the blog has changed.
When it first came out, it said "we consider it a big win for MRNJ."
Now it says "we consider it a win-win deal for MRNJ and Showtime."
Not saying this means anything in particular but it is interesting.
Why would the authors think they made a mistake? Their apps appear to be selling just fine.
More to the point, what is your motive in trying to ruin the company's primary source of income?
You must be seeing something I missed. From what you have here I would agree, this looks like dates and judgment amounts.
Not that he would be the only person to have run into financial trouble in the meltdown year of 2008, but yes it would be interesting to know the circumstances.
What is it that the court records say?
The link says that two civil cases were filed against Ralph Riehl. The fact that a case was filed against someone is proof of exactly nothing.
The outcome of the case would tell us something. The fact that it was filed does not.
What's verified? All the site says is that a case was filed.
So, what was the outcome of those cases?
New blog out, doesn't say much, app sales still strong, lots of apps highly ranked.
All of which is good to be sure but I want to see something about a financing deal, or at least that we are releasing apps for new and different clients.
There may be other financing options, but we really need to get a non-dilutional financing deal done. That would allow for an extension of the moratorium as well as hiring programmers so as to get more apps on the market quickly.
I don't know how VC's or their timetables work, so I have no frame of reference as to the timing. A recent blog talked about a "promising" meeting so I am cautiously optimistic about that.
Non-dilutional financing is the key IMO. If we get that, we could take off like a rocket. Without it, we'll only go as far as the app revenues will take us, which will be a long slow slog to get anywhere at all.
Sorry, I meant to say the profit from Q1 2013 was 5K (actually 5.5K) greater than the profit from Q1 2012.
Lots of good in this report, I especially like an average of 2K / day for the quarter.
It is unfortunate that the expenses are growing almost as fast though. Obviously businesses will have expenses, but it's kind of sad we beat 2012 Q1 revenues by over 50K and had only 5K profit to show for it.
All in all it was a positive report though. It would be nice if this spurred some outside funding, which is what we really need.
I think new mega-apps are great. The more revenue, the better. If we could consistently get $3K a day, that's a million dollars a year, which would be a really nice benchmark to meet.
My only point, in my last post, was that some mega-apps from new clients would expand the customer base. In other words, we're now missing out on people who like Gary Zukav, but don't buy Glenn Harrell or Eckhart Tolle products.
Glad to see a new mega-app ... anything to increase revenue is good - but I would like to see one by someone other than GH or ET. Nothing wrong with either of them, certainly - I have several GH apps myself - but I'd like to see the customer base expanded with fans of, say, Gary Zukov.
This is exactly why my vote is to reject.