MXMI CONFERENCE CALL
First off, Jim Grady has the voice of not only a true radio host but a true business man. He was very clear with his speaking and very confident in all of the answers that were given. Not only does he have a strong and confident voice, he is confident and is willing to work very hard to make MXMI a very large and profitable media company. It sounds like Mr. Grady is very confident and excited to grow MXMI over the next years.
Now to the juicy details!
Jim Grady started off the conference call by discussing their business models. Jim boiled their business model down to MXMI discovering and entering niche markets. Some of the MXMI identified and developed niche markets include: financial, luxury transportation, sports and news. Once these markets have been identified, MXMI gathers user generated content. Once content is on their websites, MXMI places strategic advertising in these blogs, videos, pictures and podcasts. MXMI has different advertising set-ups: banner ads, roll over ads, and list building. A big note, GM, Ford, Chrysler, & TiresPlus are all advertising on the MXMI websites. Right now, MXMI is using advertising networks to supply the advertising, but Jim Grady stated that they plan on selling ad space directly to advertisers, thus taking a bigger chunk of the ad revenue.
More advertising means more revenue, but sites need traffic to gain more advertising. The websites developed and owned by MXMI has seen dramatic increases in traffic. To name a few, Babelation.com has seen a year to date increase in traffic of 25.9% while HotAutoWed.com has seen an increase of over 58% YTD. Jim Grady stated that the traffic to all of their sites is increasing every month. The advertising and media is just one aspect of MXMI, they also own a car restoration facility and showroom.
Classic Corvettes and Collectibles was acquired in April, and projects have already started. Mr. Grady stated that there are many different business models encompassed in the newly acquired company. With Classic Corvettes and Collectibles, MXMI can not only many money by buying and selling (online and in person), they can also make money on the financing, extended warranty protections, and repairs to classics as well as regular every day vehicles. Likewise, Classic Corvettes and Collectibles not only fixes and restores classic vehicles, but they also build them. The showroom is around 35,000 square feet while the restoration facility is the largest in the South Eastern United States at over 45,000 square feet.
Mr. Grady also touched on the pending acquisition of BB2Live.com. MXMI has been in in-depth meetings with BB2Live regarding the closing. The acquisition will take place sooner, rather than later. Also just touching on the subject, MXMI is still in negotiations with Golden Voice and Ted Williams.
Now that you have read the information on the business side, take a look at the information Jim Grady released during the conference call about the stock.
The "stop sign" has been removed from OTC Markets and has been replaced with a "yield sign," this will be changed to "Current Information" within a few days
MXMI is current in all jurisdictions, including the Nevada SOS
The share structure has remained constant over the past four months. Outstanding shares: ~195 million Floating Shares: ~50 million shares
There will be no 144 conversions in the next 12-18 months
No anticipated share structure change for the next 9 months
Jim Grady firmly believes MXMI is undervalued and should be trading considerably higher
In his opinion, Jim Grady stated MXMI should be trading north of a dollar!
Don't take what I say for fact. That is what due diligence is for. Any post made by me is my personal views and should not be considered advice.
I am always WINNING.
