Market & Research Corp. (fka MTRE)

[Quietness]

Here is the previous content of the MTRE I-Box for reference. Most of the previous information seems to be outdated and likely not relevant to MTRE today. However, I have preserved it here for reference, before cleaning up the I-Box to make it current.
Q
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Contact Info (Gary Stein/Martin Licht):
Market & Research Corporation
203-226-5900 (new number, effective December, 2009)

315 Post Road West, Suite 2A
Westport, CT 06880

Share Structure (per 10Q for Q2FY10 and 8K of 9/1/2010: confirmed via telecon 9/16/2010)
AS 150M
OS 46,708,115
Float 9,270,997 (per Continental Stock Transfer: September 16, 2010 update, via company inquiry)

Transfer Agent:
Continental Stock Transfer
17 Battery Place
New York, NY 10004
PH: 212-509-4000

There is no history of ANY insider sales, based on Form 4 filings

CCWW/MTRE Filings (CIK# 0001009830)
http://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=0001009830&filenum=&State=&SIC=&owner=include&action=getcompany
CCWW/MTRE is current through its required 10q filings, latest being released August, 2009

Websites associated with CCWW/MTRE Acquisition Plans

http://www.aspenonnet.com/home.html (First Acquisition LOI)
http://www.inmarketinggroup.com/about_bio.aspx (Second Acquisition LOI)
http://www.precisionopinion.com/ (Third Acquisition LOI)

Key Historical News Releases

MTRE Form 10 Filing Approved by SEC (October 29, 2008)
http://biz.yahoo.com/iw/081029/0447543.html
Market & Research Corp. Files LifeHealthCare, Inc. Registration Statement (July 17, 2008)
http://biz.yahoo.com/iw/080717/0416740.html
Market & Research Corp. Files Initial Form 10, Requesting Uplist to OTC.BB (July 7, 2008)
http://biz.yahoo.com/iw/080707/0413392.html
Cable & Co. Worldwide, Announces planned Record Date for LifeHealthCareSpin-Off (April 16, 2008)
http://biz.yahoo.com/iw/080416/0387429.html
Cable Is Acquiring Precision Opinion, Inc (March 20, 2008)
http://biz.yahoo.com/iw/080320/0377568.html
CCWW Is Acquiring INmarketing Which Has Annual Revenue of $12Million (November 14, 2007)
http://www.marketwire.com/press-release/Cable-and-Co-Worldwide-Inc-793132.html
CCWW Is Acquiring Aspen Media as Launch to Its Business Plan With $5M in Annual Revenues (November 6, 2007)
http://www.msnbc.msn.com/id/21660262/
Cable & Co. Worldwide Announces Reduction to ShareStructure,and Reduces Previously Announced Reverse Split (September18,2007)
http://biz.yahoo.com/iw/070918/0303661.html


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Some facts to remember from 53chevy:

To All:

Let's remove emotion from this play, brought on by the delays and the negative implications from sellers, and simply look at the facts of this play.

I state FACTS, because for every news release issued, the company put themselves on the hook by immediately following it up with an 8K or incorporated it into a 10Q or 10K filing. With the Sarbannes-Oxley Act in place, and officers signing off each EDGAR submittal, they have put themselves personally on the hook for the accuracy of every statement they have made.......

Facts: Share Structure
1) 150M Authorized shares, a 90% reduction from the original 1.5B, to preclude concerns over company/officer(s) dilution

2) A REG-D filing, probably a 504, will need to be submitted first to enable any conversion of restricted shares. Remember: this is NOT dilution when it occurs; there will be NO increase to the OS as these shares begin to enter the market. Companies are valued on their OUTSTANDING share count, NOT their float

3) There have been no Form 4 filings, indicating any sales of shares by insiders. In fairness, their Form 10 filing did note that officers are delinquent in updating both Form 3 and Form 4 entries, but a quick review of both Form 10 and 10K filings attests to the fact that officer shareholdings remain intact........in fact, many officer holdings have INCREASED. Officers/Directors of the company own more than 12 million of the shares restricted, as of September, 2009.

The above are all FACTS, as documented by EDGAR:
http://www.sec.gov/cgi-bin/browse-edgar?company=Market+%26+Research+Corp&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany

Facts: DJIA for Stock Valuations
1) The current DJIA average for company valuation is >20x EPS (as of Q4CY09)
http://www.bullandbearwise.com/SPEarningsChart.asp

2) The current DJIA average for company valuation (as of Q4FY09) for companies listed under the "Services" sector is 33.79x: MTRE is listed under the sub-sector industry "Business Services", per EDGAR SIC notation, which currently averages 67.40x EPS
http://biz.yahoo.com/p/7conameu.html

My own personal research has shown:

1) OTC companies are typically valued @ 2-3x revenues (when revenue is present) and in the absence of profitable earnings (which is usually the case for MOST companies trading OTC)

2) Start-up companies are provided more latitude than "mature" companies, as it is presumed that their growth rates will outgrow the market average. It is therefore not uncommon to see OTC companies with true valuations based on 3x+ revenues

Putting it all together, emotion aside, look at what we have with MTRE..........EXCLUDING LHC/LHFE.........

Outstanding Shares = 27,741,070
$18.2M revenues: 2x = $36.4M, 3x = $54.6M (Consolidated revenues derived from LOI targets)
True Valuation range of stock = $1.30 - $1.96 (Even 1x revenues equates to better than $0.65 pps!)

$1.7M EPS = $0.061 per share (Consolidated earnings derived from LOI targets)
True Valuation of stock = 33.79x EPS = $2.06 (per specific sector), 67.40x EPS = $4.11 (per sub-sector industry niche) and 20x EPS = $1.22 (per overall DJIA avg)

Current Share price = $0.11
Current Market Cap = $3.05M
Current Market Cap as a percentage of Revenue is <0.2x revenues and only 1.8x EBIT!!! This is ALL based on 2007 Revenue & EBIT numbers. How will 2009 numbers, and 2010 projections affect these valuations?

Additional Company enhancements:

1) Uplisting (approved Q1CY09 on January 28, 2009)

2) Additional Acquisitions pending, which when closed will contribute additional revenues & earnings
> Company is looking to expand acquisitions (per filings reference).

3) Key Clientele: Sharp Electronics, Travelers Insurance, Hartz, A&P Grocers, Bayer Pharmaceuticals

All of the above is verifiable by information in the IBOX, Form 10 filing, 10K's, News Releases, and the links herein provided.......

So tell me again why we continue trading below $0.50 pps?

Don't sit on the sidelines watching and waiting for someone else to act! This is as much YOUR company as it is anyone else's! If these sellers wish to vacate, then let's help them do so, and put the shares in stronger hands! Let's work TOGETHER to get the pps back where it belongs.......

2010 NASDAQ Stock Market Holiday Schedule:

http://www.nasdaqtrader.com/Trader.aspx?id=Calendar

* NASDAQ will continue to send alerts to notifiy customers of days when the Market will close early. Please refer to those alerts for full information, including system operating times.

RULES OF THE BOARD:

1) Posts focused on other posters, if deemed to be in a derogatory manner, will be deleted.
2) Any "spamming" of other stocks will be deleted - this is the NRCD board; please keep it on topic.
3) Try to keep all posts professional and polite; posts in favor of or opposed to the stock are encouraged, as long as they are polite! If you want a war with words, do it in a PM or use e-mail!
4) Discussions that are off-topic are acceptable, if:
....a) they begin with (OT), or if they are posted after-hours, or on weekends.
....b) they do not focus on other posters in a derogatory manner.......!!
5) We are mature adults here.........no WEEing allowed. If you must WEE, please use the bathroom, and not this board...........