Metatron Inc (MRNJ)

[snowydog]

Earnings, and thoughts...

SK estimates this quarter to be $136k.
MRNJ is projecting a new mega-app every month for the forseeable future. With the response that we received with the Harrold app amd the promise of app-promotion by Tolle - it does not seem out of reason that we could double earnings each quarter for the rest of the year. This would put us at nearly $1.1M at the end of FY2012. Do-able? I think so.

If so, then our PPS price is too low. It is an easy double from here, possibly triple based on the multiple applied. These are calcs against a company with a track record of steadily increasing earnings and controlled expenses. As long as MRNJ sticks to their plan of not increasing authorized shares, then tell me where I'm wrong.

My only hesitation is content. We know they have a LOT of content, but they need VALUABLE content. Tolle, Harrold, Bonetti....then what. Bikini destinations? Not huge. Travel apps? Doesn't get me excited.

This movie app is certainly exciting...but I am unsure. What kind of movies? How current? A bunch of re-run old "B" cast movies is not going to lead us to the dollar range.