InvestorsHub Logo
Followers 9
Posts 1398
Boards Moderated 0
Alias Born 05/15/2009

Re: None

Friday, 02/26/2010 10:58:26 AM

Friday, February 26, 2010 10:58:26 AM

Post# of 85068
If investors were comfortable with 100 Mil Authorized shares and a Market cap of $4 Mil (.04 PPS) then if MRNJ buys libraries valued at $5 Mil by increasing Authorized Shares to 300 Mil then we should be ok with a New Market cap of $9 Mil or .03 PPS at a minimum,not taking into account the additional revenue that will be generated by the library.


Previous AS: 100 Mil x PPS .04 = $4,000,000 Market Cap

Library Purchase 200 Mil shares $5,000,000 Value

Totals 300 Mil Auth.Sh's $9,000,000 New Value

= reasonable PPS 9/300 = .03/sh.

+ Revenues from current contracts for 5,000+ apps added this Qtr

+ Potential REVENUES from 25 New Libraries.

My opinion is that the value of MRNJ should NO LESS than .03, and more realistically over .10/pps based on future earnings.

It really comes down to how much revenues will be generated from all the new content that is being published.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent MRNJ News