posted
Take a look at its valuation vs its revenues. Big profits coming too. Im buying and forgetting about it. Market cap 1 million on this baby.
Posts: 604 | Registered: Aug 2005
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I noticed this one yesterday also. Looks like a steal at these prices. 1 of 2 pr's yesterday: Modern Technology Corp. Meets Revenue Projections and Issues Update
August 25, 2005 12:31:32 (ET)
OXFORD, Miss., Aug 25, 2005 (PRIMEZONE via COMTEX) -- Modern Technology Corp. (MOTG, Trade), a diversified technology development and acquisition company, announced meeting its revenue projections for mid-year 2005 and issues a general update on the company's progress and future.
Results to date:
In less than one year of executing its new, expanded business plan, the company has delivered to investors superb results. The company exceeded its 2004 projections by delivering to stockholders revenues of $10,000,000 and current assets of $7,000,000.
The company recently entered into a Letter of Intent to acquire InMarketing Group. This new subsidiary adds an estimated $11 Million in 2005 profitable revenues and a projected additional $13 Million in profitable revenues for 2006. InMarketing Group generated $8.7 Million in profitable revenues in 2004 and has generated $5.8 Million in the first half of 2005.
The company's pro forma 2004 revenues are therefore approximately $18,000,000 and is in range of its mid-year pro forma revenue projections of $25,000,000.
Dividends:
In 2004 the company paid a $383,697 cash dividend. The company has paid stock dividends in addition to cash dividends. In October of 2001, the company paid a stock dividend of 403,000 shares in our portfolio company, Scientio, as part of a spin-off transaction. As of June 30, 1999, the company distributed a stock dividend of 403,000 shares in our portfolio company, Coral Development Corp., as part of a spin-off transaction.
The company intends to pay dividends as appropriate and as part of its anticipated subsidiary spin-off strategy. As the company's subsidiaries mature and grow, a public spin-off transaction will be considered. Each stockholder in MOTG would receive stock in the new public spin-off company in addition to stock they already own in MOTG. The company's long-term plan is for stockholders to realize strong capital appreciation from their MOTG stock as well as the stock paid to them as part of the spin-off transactions.
Internal Cash Flow:
One of our assets is a Convertible Debenture in DeMarco Energy Systems, Inc. This debenture is planned to generate over $1.5 Million in cash for MOTG and our interests are further secured by the patents and rights to key geothermal technologies owned by DeMarco Energy Systems (Other OTC:DMES). (www.demarcoenergy.com). This asset serves as a mechanism for generating internal cash-flow as needed.
Future Growth:
In June 2005 the company announced a strategic alliance agreement with UTEK Corporation. This alliance provides the company with nascent, market-ready technologies. The company intends to commercialize them through its existing sales and distribution channels. The company has market-ready technology already under consideration for immediate acquisition. The company projects significant revenues from these technologies.
The company's subsidiary Sound City (www.soundcity.com) is in the process of tripling its retail footprint and continues to add product lines. InMarketing Group is expected to continue its strong year-on-year growth and profitability. The company expects ongoing synergy-based cost reductions as well as increased revenue growth resulting from the synergies between the subsidiaries.
The company has other acquisitions under consideration that can easily take revenues beyond $50,000,000 for 2005.
This guidance is the company's best, good faith estimate based on current conditions and numerous assumptions about the company's industry, its access to financing, the competitive and regulatory landscape and its ability to successfully consummate the acquisitions under consideration.
Listing on a National Exchange
The company intends to list on a national exchange. The company anticipates listing its stock on either AMEX or Nasdaq concurrently with meeting the qualification criteria. The company expects to meet the listing criteria within the next 12 months
Posts: 232 | Registered: Aug 2005
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Not sure what the float is, if anyone can find that, I'd appreciate it.
O/s is only 15 mil, and the company as of last quarter has no debt. Assuming the last PR is correct, they're current assets stand at 7 mil and are looking to add.
I also like a company that is sound enough to pay off a nice dividend.
This could turn out to be really fantastic!
Posts: 412 | From: NYC | Registered: Aug 2005
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Akira_Lapin-- Looking at their sec filing sb-2 on 7/8 The have an A/S of 150m And an o/s of 15.1m(3/05) But, since then, they have registerd more shares to dilute the o/s up to 95,959,763 which assumes that all shares registered will be sold. Numbers should be verified now, to see where they are at. I took a pos. here this week, because I like what I see...Especially if this happens: Listing on a National Exchange
The company intends to list on a national exchange. The company anticipates listing its stock on either AMEX or Nasdaq concurrently with meeting the qualification criteria. The company expects to meet the listing criteria within the next 12 months.
Lots potential in the hopper here.. GL
Posts: 232 | Registered: Aug 2005
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No infro given on insider holdings. What I see looks good so far. Was planing to pay them a visit Tues, but with the storm it't going to too bad to drive. Oil now over 70 bbl. Looks like a good time to stay in cash for a few days. Oil, gas, and building might be best plays for now. IMO.GLTA.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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the SUPERB (check website) ceo was granted about 15 mil shares and has taken a tiny salary, look at sec
Posts: 46 | Registered: Aug 2005
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Akira-Lapin-- I think that if you go to pink sheets . com and check out their sec filing sb/2 it may be in their.
Posts: 232 | Registered: Aug 2005
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No, but I just called and emailed today, so.. will see...hopefully ill get a call by tomorrow. I'm prolly going to double or triple my position after I clear up a few things with someone from investor relations.
Posts: 46 | Registered: Aug 2005
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This is as low as it's gonna get, earnings expected shortly...that's what all these articles saying "expect an update shortly" mean.
Posts: 46 | Registered: Aug 2005
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Shares Outstanding 15.08 million Market Cap 407.133 Approximate Pubic Float 1.2 million
If this is true, then I get a share price of .027. Someone check my math.
I'm going to wait awhile to get back into this. I think there are good things on the horizon, but if they release those 90+ mil shares before confirmed financials come out, wooo boy. Look out then.
Posts: 412 | From: NYC | Registered: Aug 2005
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