Metatron Inc (MRNJ)

[asdgwest]

MRNJ chart+L2+Fundamental All-in-one

*The below is based on assumption MRNJ doesn't increase their a/s. currently a/s is 300M, o/s is close to max. Victoria said, their growing revenue is enough to cover operation cost.

CHART:

0.005 support on downtrend channel
http://picasaweb.google.com/lh/photo/Iogxp3uAu8qsaOj9HymEeQ22gT1jL7MZxPG1A2D2xS0?feat=directlink


L2 shows huge bid supports over 0.005
http://picasaweb.google.com/lh/photo/Z7ozhRZ1RfTtBylGHaa_rg22gT1jL7MZxPG1A2D2xS0?feat=directlink

Both L2 and chart shows 0.005 is tough support, very possible for bouncing.

Since the company is selling apps for iphone and ipad and its low operating cost basis structure, let's look at the sales record. Currently MRNJ has 300M a/s, o/s is close the max.




Revenue:


1stQ $36k 2ndQ $57k 58% increase


Cost of Sales:
1stQ $131k 2ndQ $93k 28% decrease


Long term debts:
1stQ $576k 2ndQ $557k 3.4% decrease. *Note they wiped out most of old debts last quarter. from $4M to $576k.


As you see, their revenue goes up as they release more apps every quarter and due to low cost operating structure, the debts are not accumulated. The $4M before i-mobilize joined was from mostly former XRG's. People say Joe brought the debts from his former company, Rcomm, but it's not true. Most of debts were inheritted from XRG, trucking company which was traded under this shell before reverse merger.
MRNJ Chart+ L2 + Fundamental All-in-One

*This analysis is based assumption Joe doesn't increase a/s this year as Victoria said their revenue is enough to cover incurring operation. If they increase a/s, it may start all over again.




"i-Mobilize is currently in Phase I of a three phase build-out plan. The goals of
Phase I are to acquire contracts and content for its content library to be
developed into apps for sale to consumers for use in their mobile devices.
Phase II is expected to begin during the 3rd Quarter and will focus on
aggressive distribution of apps. Phase III is expected to begin in the 4th
Quarter and will focus on marketing and promotion in order to optimize
revenues during the Holiday Shopping Season 2010."


As I remember, JOe accquired around 25000 licenses for contents to distribute. As of now, they released 5000 apps for iphone and ipad having 400% more apps ready to be compiled and launched. Also, the revenues until 2ndQ is probably mainly for iphone apps which usually costs btw $0.99~$2.99. Apps for ipad is well over $7.99 upto $60. And recent sales trend in i-tune store shows apps for ipad is growing faster than iphone, expect ipad app download will exceed iphone by mid 2013 with this speed. Since i-mobilize is very active in converting existing/releasing new ipad apps out or their content library recently, the revenue probably goes up fast begining 2nd half of this year and next year.


I expect on 4th Q, they probably generate well over $170k~$300k.




Also, in the financial, Joe mentioned the company is not heading to penertrate Android app market. And there will be more and more app stores online available for app distributors. Last year, the giant Asian and European data careers met and agreed to open a united app stores to compete i-tune store. They probably distribute lots of Anroid apps through the store. More app stores, more mobile users contribute more revenue to i-mobilize's revenue.


As I've followed Joe, current CEO, first I didn't like him releasing PRs each day when they release new iphone app, which made the stock looks as a pump/dump stock with series of PRs. But he seems as he changed the behavior after Victoria joined and hired a professional PRist and noticed the words in PR sound much more professional. I also noticed Joe is very active and aggressive in accquiring content distribution licenses. I think this guy is really amazing.