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B,
That is old on OTC before merger with MTVO.
My share count was before Q2 published and verified with Brook Lang, CEO of MTVO about a month+ ago. He had called the TA to verify. May have changed since then as they do pay vendors and debt with shares as well as employee stock options.
Might be wise to call TA to recheck.
D
S,
LOL, haha, look who's all peaking in.
Then who's Beasly? I thought this might be you.
Go MTVO, good things coming our way.
D
Angel,
Spank the ask hasn't happened yet. This is pretty much an accumulation pattern on DD news.
Remember, low float, no one has gotten much of anything under .015. Even at .01,.011,.012 MM's only releasing a couple thousand shares here and there to keep the interest, commissions will eat you alive for those trying to bid whack, unless you can get AON.
Anything under .02 is early, this will move big if share lock down occurs.
Company has not put anything out in a while but info is publicly available for those who have done DD.
FYI, this month will see new developments and launch of IR and PR campaign to support PPM offering. This will stimulate investor awareness and buying. I suggest taking an initial position before that happens. Leave room to average down, if the opportunity presents itself. You've seen the video and other things that are happening so don't wait too long.
Once the Munc Media IR campaign launches or company issues PR's, that is when slap the ask will likely be most beneficial.
D
Future,
MTVO.OB will run. Low float, PR and IR campaigns revving up. PPM capital raise program.
Accumulate now, September/October will be the ones for news.
Also suggest, monitoring retail float, if taken out will lock down shares and make huge run.
D
Hi Angel,
Have you been able to take a position here with MTVO.OB yet?
It will get interesting here this month with PR and IR campaign planned.
Early entry, then patience. Nothing better than that.
Low float, share lock down possible. Olala!
D
Not only is MTVO.OB heating up but things are happening.
But this is the biggest reason to look at accumulating.
Low, low float and O/S.
A/S = 400mil common and 25 mil preferred
O/S = 56 mil
Retail float = 30 mil
Float at brokerages = 17 mil
Management and initial investors paid .20 and higher. Major holdings in strong hands.
Check it out, will be a big mover, can anyone see a share lock down on this low floater?
D
Agreed, first things first. Penny too far out, let's see what is to be in the near term.
Summer is flying by and so is the day. Let's take time to enjoy it.
Hey, Frankie I have enjoyed our spirited discussion today. Thank you but do have to run for now.
D
Okay, we can agree to disagree on that point. I am not trying to force you to any side. As I have said before and as you qualified (IMHO), that we have our opinions and who is right, we don't know.
My point is that both BK and penny are farther reaches than should happen in a blink of an eye, both are a bit of exageration. However, both are possible. For IMJX to even approach a penny, I have agreed that something has to be done with the share structure. Could be buy back, could be management forgiveness, could be R/S, I don't know, do you?
D
I understand that there have been many claims in the past and I have seen/read most of them but they have never been followed by reported fiancial statements (not forward statements or projections) which indicate that, in part, the claims are starting to bear fruit. This is the convergence I am speaking to.
D
Indeed, that is the risk of the Pinks.
They could also go to a penny in a blink of an eye, that is the reward of the Pinks.
D
This I definitly agree with.
sooner or later they are going to have to address the float.
And I certainly can empathize with the frustration of waiting so long on broken or delayed promises. However, can you share with me if there has ever been a similar convergence of current information(C/E) removal, news/PR's, projections and current f/s reports indicating positive growth, and improvement in the bottom line?
This is what I see today, partially blind to what has happened in the past. The question still comes back to is the reporting accurate or is it overstated. Only time will tell.
D
I'll accept it as a wash.
Restricted shares which have not hit the street yet are part of the O/S and not the float. Of course, new issues to come for Wages Payable on the book, will increase the O/S and reduce the difference to A/S but will not increase the float.
FYI, it is unlikely that an LLC will go public as LLC's have a restiction on number of members/shareholders which would not support a publicly traded entity. In addition, income is passed through an LLC as a partnership, S corp or sole proprietorship would. They would have to reorganize corporate structure to a C corp. of which IMJX would receive and own their proportional share of their holdings in the LLC.
The pass through income will be reported on the LLC tax return to the shareholders/members via a K-1 which IMJX will have to then attach to their corporate return and report accordingly as a profit or loss.
D
Which is offset by increase in Total Assets. LOL
D
I can agree that it is not prudent to take unaudited statements as the abolute truth. I believe that the current s/p reflects that among other things.
So we can assume that the published f/s for fiscal 2008, 2009 and Q1 2010 are either fairly accurate or grossly mistated. If the latter, then those who consider this a scam would be correct.
If we assume the former, then revenues Q by Q on an annual basis have historically climbed through the course of the fiscal year. It appears that seasonality impacts Q1 in those three years, in that Q1 is lowest of all 4 Q's. Year over year through all quarters are reflecting annual growth, this culminating in net income for Q4 2009 and Q1 2010.
If you look at Balance Sheet for the same three years, Cash fluctuates in line with inventory, which makes sense because you need to pay for inventory as you book it. What is interesting is that Current Liabilities-Accounts Payable has steadily decreased over the past three years. This to me reflects an improving cash position which is in line with growth in revenues and profits.
Yes, I believe you will point out the increase in Long Term Liabilities but suprisingly the increase there is less in Notes payable and more in Wages Payable. I believe this correlates to the deferral in wages by the Zankowsky family. They have opted in the past to take restricted shares in lieu of wages.
I believe this has two implications:
1) They are looking to improve the f/s and cash flow and willing to forego cash wages to help accomplish that.
2) They are willing to accept shares of the company in lieu of cash wages, which is typically a bullish indicator because who knows better of what to come than they. They can actually increase their salaries should the share price go above the strike price of conversion. Of course, this is how many made lots of dough back in high tech breakout in 80's-2000. The savior for shareholders is that these shares carry a minimum 6 month restriction, so if this line of thinking is correct then the Zankowsky's must see brighter days ahead at least 6 months out before the restrictive legend is removed. Could be sooner as they hold substantial shares now, due to be unrestricted later this year.
One final thought, I am sure that IMJX, carries forward some of their A/R but an increasing A/R is a natural progression for any company who extends terms to customers and is in a growth phase. This is why many small businesses fail, too fast growth overextends the ability of a company to manage and fulfill its' cash needs.
I like the trends, I like the pace of growth but again we end up at the same point. Are the Financial Statements, which are unaudited accurate or overstated? I don't know, do you?
This is the risk/reward factor inherent in investing in Pinkies. Can we agree on that?
D
Time will settle your debates.
Either you believe, have patience and see the potential or you don't. Nothing wrong with either perspective.
It seems that most here have taken their position, drawn a line in the sand, tossed around most news, back and forth but to no avail. It's like talking to a brick wall, nobody's giving in so it is what it is and only time will tell.
It is not uncommon for one company to own subsidiaries, often formed as LLC's.
A few reasons this occurs is:
- As Frankie mentions to double dip
- Develop independent image and brand
- Separate liability of one product line from another
- Protect assets of one corporation from exposure to liabilities of another.
- Low cost way to JV with limited members from different entities who do not have interest or active participation in the other business.
True, but current assets = $470,805 and current liabilities = $37,549, end Q1, March 31,2010.
Projections for 2010 and 2011 call for profitability.
Both are positive signs that may allow IMJX to develop a share buy back program. Certainly it won't all happen at once or right away, I don't think anyone expects that. Intent would serve well all shareholders including management.
It is not free money, simply a transferance from one party to another. Someone still has to buy shares dilution or otherwise.
I don't follow that logic. The company borrows money (CD, Wrap Loan, etc) and gives shares to another party that gives the company money. The A/S was diluted. Most often, the receiver of the shares gets the shares at a discount to the market and when registered, are sold into the public. (The float)
There is virtually not cost to the company for the shares that are given in exchange for dollars.
You are correct that if the company borrows money, signs a promissory note with optional conversion and/or warrants clause, then it would appear that the company gets the money for free as they only need to issue shares (paper) for cash and increase float. However, the issuance of those shares need to be sold by the lender at some time to recoup the loan funds in the retail market and may bear some restrictions (which if they do, are not considered a part of the retail float at that time).
My point is that when those shares are redeemed to recoup loan funds, that somebody will have to be willing to pay the price. That someone will have to see fair value in what they are paying for and what they are receiving. If dilution simply occurs through this process of supposed free money, then shareholder value and s/p will be decreased and there will no longer be a market for those shares which the lender holds at the price they received for it.
Therefore, one could say the company received 'free money' but the reality is that someone will have to pay for those shares eventually, thus the 'transferance'.
In addition, when a company decieves, and the s/p drops to reflect cost of that loan and dilution, what happens to all of JZ/s and insider shares? That is why insider holdings are viewed as strong hands, interest in enhancing shareholder value and s/p is in everyone's interest (retail shareholders included). They (insiders) hold several billion shares, more than they can dilute from A/S into float. Why would they do it at .0001? Then R/S following? Insiders stand to lose more than us at this point because they have less than 3 bil available to dilute. They also have more to gain if s/p increases. What do you think makes most sense?
GLTU too. All IMHO.
D
Yes, 7.8 bil O/S is large and getting close to A/S of 10 bil. Float a little over half of A/S. Either way big numbers to deal with.
Q1 2010, lists all payments and distribution of shares for compensation, etc. It appears to me that they have cleaned house, putting things in order prior to Q1 reporting. This coincided about the same time with current status on Pink Sheets. In addition, the news blitz of many positive developments and updates in April/May and culminating with most recent p/r's regarding hire of Phil S. and official launch of I-phone app on I-Tunes store further validates the positive movement, in my opinion.
Patience will pay if:
- Placement of 250 SmartKiosks are well received and lead to additional contracts and placements in the several thousand as previously projected.
- If FreePrintz program takes off and advertising revs improve.
- Share restructure occurs via share buy back program not r/s and company revises A/S downward.
- Newly formed Medical Systems Division, continues conceiving and developing new products or improved products in line with EMR mandates.
- Surg-i-Scan app leads to interest, exposure, inquiries, testing and follow on sales of software for medical checkboards via medical tablets and I-pad (as suggested by Frankies link) by medical industry.
If not, then naysayers will be vindicated. Dilution and r/s will likely be the course of action. Simply a matter of perspective, what do you believe? At this point, I am willing to exert patience. Q2 2010 financials will be out shortly and the next chapter will start to play out.
D
Now, I know that you are much smarter than that.
Dilution is counter productive to enhancing shareholder value unless the funding is used specifically in the best interest of sustaining and building a business.
It is not free money, simply a transferance from one party to another. Someone still has to buy shares dilution or otherwise.
Too many positive changes, convergence of business activity leads me to believe that better days are ahead. If f/s can sustain net positive into 2011 then patience will pay off. Share buy back is more likely in this scenario.
If you believe that activity and news is fluff and R/S is in the cards to line insiders pocket, then the dilution theory makes sense. I am just on a different page.
D
NO R/S, NO DILUTION.
This is what I understand the company's position is too.
Yes, the fun will happen in due time.
2010-11 is the window of convergence for IMJX.
Everything will all come out in due time as the activities involving product development, strategic partnerships, marketing, sales, contracts and revenue begin to mesh, unfold and converge.
No need to confront the naysayers, they are entitled to their opinion. Can't blame those who have been waiting through some difficult years of promises, promises, promises, many which appeared broken, a few which were but most which were delayed. It's an extremely frustrating process to be on the waiting end and harder to see the light when you've been stuck in a tunnel for so long. Virtually every detail about the company has been batted around so there are no new revelations, just a matter of perspective and interpretation.
Since March/April 2010 however, I see a different commitment and follow through, I see changes, I see improvements, I see profits, I see a company whose efforts are converging to a point of growth and earnings possibilities that will reward shareholders.
D
No worries, IMJX.
Maronti, don't let the critics get to you, everyone is entitled to their opinion, which is all they are expressing.
Patience will be rewarded here.
I'm buying, I'll take a bunch of IMJX 1's off the table.
Real company, real revenue, setting up to move.
Keep up the great work Maronti.