Replies to post #16442 on Metatron Inc (MRNJ)

[michaeljackson]

Thanks man, WOW we are really doing good, i just knew ittttttt, we are on our way.

Foot note the footage app the world have never seen before must be the Michael Jackson App, this time they will not say anything until its ready to go i believe before the holidays people MJ just might be OUTTTTTTTTT.

Results of Operations for the three month period ended September 30, 2010 as
compared to the three month period ending September 30, 2009.
Revenues
Revenue was $88,422 for the three month period ended September 30, 2010 as
compared to $8,100 for the three month period ended September 30, 2009, an increase
of 991%.
These revenues are primarily generated from the development and sale of apps for use
in mobile devices. The increase in revenue was caused by more i-Mobilize apps being
available for sale in the iTunes App Store and other venues.
Cost of Revenue
Our subsidiary, i-Mobilize, purchases and licenses content for development into apps.
The Company pays acquisition fees, licensing fees, consulting fees for deal
facilitation, and the costs of developing the raw content into apps.
Cost of revenue was $48,539 for the three month period ended September 30, 2010 as
compared to no cost of revenue for the three month period ended September 30, 2009,
an increase owing to the different business model adopted on June 3, 2009 with the
acquisition of Rcomm. Cost of revenue was also affected by additional costs incurred
in programming new software to accommodate the change in operating system in the
new iPhone and other devices. The Company feels this was a good investment as it
has resulted in i-Mobilize being one of the few app producers currently offering
significant numbers of apps available for the iPhone and other mobile devices.
Operating Expenses
General and Administrative Expenses for the three month period ended September 30,
2010 reduced to $39,818 from $70,759 operating expense for the three month period
ended September 30, 2009, representing a reduction of 77%.
The reduction in General and Administrative Expenses is primarily attributable to our
focus on software development and business development activities owing to the
different business model adopted on June 3, 2009 with the acquisition of Rcomm.
The decrease was also affected by more efficient programming updates related to
changes in the new operating system for mobile devices. The Company feels this was
a good investment as it has resulted in i-Mobilize being one of the few app producers
currently offering significant numbers of apps available for the iPhone and other
devices.
Net Income (Loss)
Net income increased to $65 for the three month period ended September 30, 2010
from ($62,659) for the three month period ended September 30, 2009. The increase in
net income is primarily owing to the different business model adopted on June 3, 2009
with the acquisition of Rcomm. It was also affected by more efficient programming
related to the change in operating system for the new iPhone and other mobile
devices. The Company feels this was a good investment as it has resulted in i-
Mobilize being one of the few app producers currently offering significant numbers of
apps available for the iPhone and other devices.
Liquidity and Capital Resources
The Company is currently financing its operations primarily through cash generated
by revenues derived from the development and sale of apps for use in mobile devices.
As of September 30, 2010, the Company had $9,218 in cash. Historically, the
Company’s principal working capital needs have been met through continuing
operations. As the Company grows and expands its operations, the need for working
capital will increase. The Company expects to finance its internal growth with cash
provided from operations, borrowings, debt or equity offerings, or some combination
thereof.
The Company’s net income for the three month

[all4funwny]

It looks like a rewrite of the previous qtr with alot of mistakes. Who knows. I wish they would come out and say the qtrly report was wrong and that the pr that came out this morning was the right one.