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Lala: time to move on. You'll do better if you never visit this board again. After today, I won't. Hope you get into some more positive investments. MRNJ has taught me to stay away from the pennies. Haven't bought one since MRNJ, and won't ever again. It's not a level playing field.
You have to be kidding. How can there be any happy MRNJ followers or shareholders at this point. I kept some shares after the reverse split, just on the remote chance something good would happen. The result is all my remaining shares are worthless. Today, however is a great day, because I finally have sold all my remaining shares for a tax loss. I find it hard to believe that the few of you that are still posting, can waste this much of your life on this worthless stock and worthless board. StormKing, I used to be a big fan of yours, but I find it hard to believe that you can still be a believer here. Take care everybody, and good luck with all your other investments.
I hate to burst your bubble. I haven't posted in almost a year, but still held some stock, just in case there was an upward surprise. The latest reverse split and recent move from $10 to .01 wiped out all the upward surprise I could ever imagined. I'm still amazed at how some people can stay involved in this board and post so often for such a meaningless company. Just where is MRNJ getting the money to invest in this new Juiced Up venture..... there's not cash left and no market value left. I am thankful to MRNJ; I haven't invested in any penny stocks in over 2 years and am much saner for it.
Johl, I see you are still putting up the good fight. You are the last long standing on this Board. Sad to see, but the stock has not encouraged anybody else, including me, to cheer the stock on. I don't believe this is a pump and dump operation. I just think this is a poorer performing business than in the past, with not enough revenue to support a thriving business. Frankly, I don't know why Joe and Ralph are not calling it quits yet, unless they really believe they will finally hit the jackpot with AppFlix, et al. I certainly have lost hope that this will happen. Those who think they can trade the stock to the long side, have fun. My holdings are finally at the point that I can turn my back on this, and check back in a year and see what's happened. This was my last active penny stock, and I am happy to be done with them.
Cheche, you were very right to have sold out at .005. I lightened a bit then, but in the past 2 weeks, I have liquidated most of my holdings, having thrown in the towel on MRNJ as an investment. I'm keeping 2M shares for a highly speculative moonshot and have written the $2K off in my mind. To say I'm highly disappointed would be stating the obvious. The blogs have not been an exercise in transparency, they have been a wish list for Joe and Denis with a very low probability of success. I find it hard to believe that Joe and Denis can be profiting in any way from MRNJ's dismal pps performance. Their 5M shares per quarter doesn't even pay their groceries any more. So it's hard for me to call this a scam given that the exec team is going down with the ship. The good news for me is that MRNJ has been my last pink holding, and I will not ever go pink again. I've learned my lesson..... finally. Thankfully all my other investments have been keeping up with the markets. John, et al longs, I hope things turn around for you on this, but seeing triple 0s was my breaking point.
14M shares traded, mostly on the buy. Seems like somebody knows something.
Lincoln, my apologies. You do have some very well researched DD and constructive criticisms. I am not a blind optimist and appreciate the low probability of success; and very much want to see MRNJ make good on their blogs.
I don't think MRNJ is a scam. It is a real business, with real clients, with real customers buying lots of (albeit inexpensive) product. Yes the revenues are small; profit is minimal; lots of shares outstanding with possibility of printing lots more if the loan doesn't solve the problem. But that's not a scam. That's a small business struggling to stay afloat and take it to the next level. I can't imagine Joe and Denis making much out of this company at these levels. I can't see how they succeed unless MRNJ succeeds to the next level.
Hugie, what would you like all the 1658 shareholder do at this point, me included? I have little choice but to hope that the company at some point will deliver what they've blogged about. Fortunately, I took profits during the big run up; before getting back in on the current trip down. If it goes to 0, so be it. That's always the risk with any pink. However, there is still some probability, greater than 0, that the loan, Blink, and AppFlix will happen and send this back up again.
There's no motivation for a reverse split. I don't think we'll ever see it happen.
There is too much fear in the stock right now for me to be buying any more. In fact I do agree that shorting right now, might be a good short term trade, but Etrade doesn't seem to allow me to do that, so I'll just hold on to what I've got, play the long term, and see what happens after the loan goes into effect.
Lincoln, I understand the risk and potential sale of shares; but also remember the blog and in the agreement the company is not obligated to sell shares, but it is an option. I would think that option is there to give assurances to Macallan that they can get their money back somehow, but that it is not the principal intent to have to pull the switch on that option. Like I said before, there is still a very viable scenario that the loan, and perhaps additional funding, provides the company with a way to increase revenues and profits, without the need to print additional shares.
I agree that they have funded their operations in the past from equity sales and I agree that that may happen again. They certainly have to include that statement in their SEC filings. My previous point to Compro, was that his worst case scenario was highly unlikely, and there is a much better probability for a scenario where the company does not have to issue shares for some time after the loan becomes effective.
Compromise, you've invented an impossible worst case scenario that will never happen. Here's a best case scenario also supported by the filing: they get the loan and there is no need to create anymore shares because they have money to finish key revenue producing projects and generate enough profits.
Redzone, the reason for the low price is the current fear of dilution, though at these prices any possible dilution IMO is way overblown.
Jrheat, good to hear from you again. I'm glad to see some of the silent longs make an appearance from time to time to remind us of the positives. I also am hoping Denis and Joe have a profitable plan for the money. Otherwise, how could they hope to gain from this in the future??
Gratitude, Nice to see a new voice here, esp with a more balanced view. From your other posts it seems you've been involved in quite a few sub penny pinks. Hope you've had a few winners.
Lincoln, putting in stops on a thinly traded penny stock may be fun for you to watch, but is a certain path to big losses. Looks like you are stoking up cheap shares. Are you the buyer at .001, somebody was there lurking yesterday.
I'm with you. I felt this way a long time ago when I held onto my SIRI shares that went to a nickel. Glad I held on to those shares. That more than made up for this loss in MRNJ. But if new money can start generating another $1-2M revenue stream within the next year, then the loan, will have been well worth it. I know that sounds crazy given the history; but stranger things have happened. Looks like there are some folks who don't want to stick around and are buying into the panic.
Collect, I think negative posting is pretty consistent. The only time to me that it seems to disappear is when pps is rising. I don't really get the psychology of repetitive negative posting, but its within the TOS, so I guess I have to accept it, like death and taxes.
Good blog. Company looks strong than ever. Once loan is approved and passage of time without any share dilution I'm thinking we get back to 52 week highs.
I've written to IR and always get an answer within 24 hours; sometimes within 2 hours.
MRNJ's Blink is a code name; not the Blink that was just bought by Yahoo. This shouldn't be a surprise, since the Blink that was bought by Yahoo has been around for quite some time
It looks like our foremost negative posters sure can put the most negative spin on the much needed funding that many of us investors have been looking for. I think there is an equally positive spin that can be put on this loan package, starting with what Storm pointed out:
"The Investment Agreement allows, but does not obligate the Company to issue and sell up to $1 million of shares of common stock to the Investor. The Company, at its sole discretion and without penalty, may notify the Investor the dollar amount that the Company intends to sell to the Investor on a specified date." This also means to me that we won't see any dilution any time soon. Also, the company won't need to go beyond the current authorized shares; since they'll be able to pay from the loan money. I'm much more hopeful that we'll get to see AppFlix and Blink much sooner and get started on a double or triple revenue stream to what we've become used to seeing. This scenario seems more likely to me than the doom and gloom ones. Hope we see the SEC approval ASAP.
The 1A has already been filed,so once questions are resolved the loan will happen. Next will be how well the money is used to get blink and appflix out to market. I'm like dodger, I think there must be a good reason why Macallan would be loaning the money. I'm envisioning the pitch as if it were a Shark Tank setting with Joe and Dennis pitching the business plan and how the investor gets their return on investment.
I just don't understand why some posters spend so much time reiterating the same negative points over and over. I would guess a few seem to spend 2 hours a day bashing. I just don't see the value for them in this usually low traded penny stock. Its a spec stock, I get it. We may lose everything. But on the high risk side, there is a big upside if Appflix makes it. Lots of pharma stocks are high risk betting on FDA approval of one drug. Not too much difference here. GLTA.
Has anybody read the 1A filing that was referenced in the Blog? I could not figure out how to access thru Edgar.
Lincoln, PB magic gave MRNJ the technology they needed to get into the iMobilize space. I can't remember but I also think either Denis or their 3rd employee came from PB magic. So I think they had a choice where they put their resources to work. So now as an investor you have to decide whether they put their resources to work in the right places. I'm still hopeful after 4 years that we will see big positives for the company this year. That's why I stayed invested. If you're still on the sidelines I don't blame you for asking all the right questions, but with pinks it always hard to get all the info you would like.
Lincoln, I'm not sure what your getting at. I'm sure all this info was available to you at the time you invested in MRNJ. I guess if you want to know more about the company's motivation for the focus change and why they don't pursue PB magic further at this time, you should write IR.
Here's my guess..... As you pointed out in your other post MRNJ has 3 employees. These 3 employees Rhiel, Sluka, and 1 other actively perform the activities associated with managing iMobilize business operations, which would not leave them time to be market and perform activities associated with PB Magic, although from time to time we have seen some consulting revenue show up in the Quarterly reports. IMO, at this time the company is going to make it or not based on iMobilize so your investment should be based on that. Remember, they are considering changing the name of the company to iMobilize. Probably a good indication of where their focus is.
Lincoln, I was on same point about Pb Magic last year and wrote the company. Basically they have abandoned Pb Magic and other subsidiaries to focus exclusively on iMobilize. This is not a secret nor is it a scam. It is the company's strategic direction. They are betting on the app business, although they did say they could crank up the old subs pretty quickly since infrastructure is in place.
Wow. The revenue number was expected but the profit number was a complete upward surprise. This might be a breakthrough in the way they are doing business to be able to get more profit margin out of the business operations.
Lincoln, I would agree that slow and steady revenue growth will keep stock in a trading range about where it is, maybe a little higher. Short term would need a significant beat on expectations or announce significant progress on APPFLIX or financing to jump pps to a higher level. Keeping my fingers crossed.
I doubt this is a share buyback. They have no cash to do it with. IMO it might be that somebody knows something about something: maybe financing, Appflix, etc and is trying to get in at these low prices. I remain hopeful that we will some major positive news in the next month or so. It seems that pps going up on improved volume would be an indicator; along with the usual negative posts.
Almost 13M shares traded today and price stayed steady. Maybe this was Joe and Denis selling their shares; but on the other hand it great to see there were buyers out there to pick up this many shares.
storm, I didn't send or this time because I figured they read our forum. I have sent them feedback and questions in the past and always got a response within 12 hours.
I agree that mainstream would get more media attention, if the content is compelling. This would also show they can break out of current self help niche. All it would take is one big content winner, like House of Cards on Netflix.
I think it's interesting that they asked for feedback. I think it's a good way to get investors feedback. It interesting that there has been no discussion on this forum about the better way to launch the app. Just the same old complaining. I'll take a stab at feedback. If the app technology is sound I think they should go mainstream to drive additional revenue streams. If the technology is not proven yet the I would limit the launch to more familiar content. This has to be seen as a revenue doubled over the next year or two or it will not be what I am hoping for.
Feeways, Dodger is not the only one holding long. Given the fairly thin trading, except on the occaisonal dumps there are well over 400M shares that are long and holding. The negative commentary on this board is very vocal, but does not represent the majority by a long shot.
I've also been invested for almost 4 years, and while I'm not happy with my overall investment; I still remain hopeful. Fortunately, I made some money during the big run up 2 years ago, but have given that all back in the last year. My hope comes from seeing that the company does deliver on many (I won't say most or all) of its blogged activities. The fact that they are releasing quality mega apps and increasing revenues and apparently keeping their key clients happy, does show that the management team is actively engaged and performing their business responsibilities. The mega-apps did move the revenues to a new higher level headed towards $1M/year. That by itself, I thought would justify a .01 pps; but the dilution concerns, and Joe/Denis believed stock sales has kept a lid on the pps, especially with net income not being large enough to pay Joe/Denis enough salary. At this rate and pace, the stock price will meander between .001 (for those who get frustrated and dump) and .005 (for those who speculate on the big upside) forever. Another singleton mega-app is not going to do the trick, other than sustain what we have. We need a game changer, and I am still hopeful that AppFlix will be it. It is possible for AppFlix (or other breakthrough) to take MRNJ from a $1M company to a $5M company with significant net income to benefit the long stockholders. I don't expect anybody who has already sold or has been frustrated with past performance to agree with me, but I would imagine the other longs are still in it for a similar reason as me. GLTA.