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diode31

04/20/13 1:57 AM

#37848 RE: appfan #37847

They have..by growing the company better than any other team could have...you don't know what they do with those proceeds, but its most likely its in their best interest to make the company a success...and I doubt it would be possible to grow the company as fast and as large as they have without using a significant portion of those share sales to pay for expenses needed to expand...

The reason the PPS is down is becuase of hostile major shareholders selling 10x or more shares than management ever has...they brough the PPS down..not management...facts easily verified..but a chorus will deny

The good news is for real friendly long-term shareholders, revs are so strong and growing, it won't matter what the anti-MRNJ people do...in the end real MRNJ shareholders and managment will win...

Capital structure will remain unchanged for a long time...

Management will sort out the best deal for all shareholders and will not give away the company to stock promoters

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diode31

04/20/13 2:04 AM

#37849 RE: appfan #37847

You many not realize, but its very hard for companies in MRNJ's position to gain accesss to capital.

In the past, MRNJ could go to a bank and get a loan just based on revs alone, which have been strong and consistent.

Thats not possible now. Despite have over 3 years of good and growing revs.
Banks are just not doing it, no matter what your credit score.

VC's will give millions to one app companies than never make one sale, but since MRNJs business model is proven and working..they are not interested....silly but true.
VC's make more money on the deal than the the company.
A successful company is actually a negative nowadays.

Most investor groups don't understand apps or the potential, and even when given verifiable numbers that prove the potential, they are too paralyzed by fear of the uknown to make a decision.

MRNJ is ahead of its time. Sometimes thats not a good thing.

The good news for you is, MRNJ is going to continue to grow and will overcome any speedbumps.