Modern Technology Cp (MODC)

[nsomniyak]

agreed--there is potential here, despite forthcoming diluton. That is why it is still on the radar for me. Frankly, I think the chance of a spin-off of some kind in 12-18 months is pretty good, though the compnay (rightly) can't put down solid timeframes in that regard. Not sure what that would be or what value it would carry, but any such spi-off to shareholders would be a validation of both the business mdoel and of how much creibility management's other statements can be given.

However, that's a long way off right now. On the immeidate hoirzon is the qtrly and seeing some detailed numbers. Since the latest round of financing (for InMarketing) cam after quarter-end, the share count may still look pretty reasonable.

Your analysis is quite plausible. I think we'll ultimately see more shares than you do, and I am inclined to think that a PE of 20 may not be sustainable (but is possibly reachable on spikes)--but the general "shape" of your analysis makes sense.

Personally, I think I can get a lower entry point than today, as I think many are looking at the ridiculously low share count (and therefore market cap) numbers shown on Yahoo or similar sites and that many of these folks will react negatively when they figure out there are more than 30MM shares among which the growth must be shared. I may be wrong. GLTY