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Not sure, yesterday's shake could've freaked out a lot of people. I got out of this last week, but picked up some more yesterday at .03.
This is a stronge company with low debt and good revenues. Earnings report probably not until next month, but imo it's going to be nice. They seem to have their head on straight in terms of getting listed on the exchange.
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I don't have a clue akira...still tryingh to figure out whats going on...it's down today and hardly any volume..bid/ask is all over the place
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ive got a call in for share structure, but this should start seeing an uptick pretty soon. I spook with motg already once this morning and they still say nasdaq by the end of the year and the pps will be high enough for the listing. (whatever high enough means)
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just got an email the current float is approximately 14 million shares with a total of approximately 27 million shares issued and out the motge symbol was an error with the otcbb, was pointed out and fixed.
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He also stated that the share price is simply a function of modern technology corps large investors converting some of the company's debt to them into stock and selling the block all at once.
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Modern Technology Corp. Expects to Meet $25 Million 2005 Goal and Anticipates Meeting Larger Goal of $50 Million
OXFORD, Miss., Sept. 22, 2005 (PRIMEZONE) -- Modern Technology Corp. (OTC BB:MOTG.OB - News), a diversified technology development and acquisition company, expects to meet, on a pro forma basis, its projections for mid-year revenue targets of around $25,000,000.
The imminent addition of the company's latest acquisition will add a projected $11,000,000 to current operations.
Acquisition candidates currently under negotiations and, if successfully concluded, are expected to add another $30,000,000 to $40,000,000 to the company's overall 2005 current pro forma projected revenues of over $20,000,000 bringing the potential total revenue totals to around $60,000,000.
The company exceeded its 2004 projections by delivering to stockholders revenues of $10,000,000 and current assets of $7,000,000.
The company is completing final documents to acquire InMarketing Group. This adds a projected $11 million in 2005 profitable revenues and a projected additional $13 million in profitable revenues for 2006 to our current revenues. InMarketing Group reports $8.7 million in profitable revenues for 2004 and reports $5.8 million in the first half of 2005.
Modern Technology Corp.'s 2004 pro forma revenues will be adjusted upward to $18,000,000 and our 2005 pro forma revenues without further acquisitions are expected to be around $25,000,000.
Paying of Dividends: In 2004 the company paid a $383,697 cash dividend. In October of 2001, the company paid a stock dividend of 403,000 shares and on June 30, 1999, the company distributed a stock dividend of 403,000 shares 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.
The company's subsidiary Sound City (http://www.soundcity.com), is in the process of expanding 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
-------------------- Let's make some money now !!
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What about this? Stock_espy, you still around:
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.
Do you think these shares have been registered for a jump to the next market?
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According to "doubleS" on this board yesterday: He heard from investor relations that there are 27 million shares outstanding and 14 million float.
-------------------- Let's make some money now !!
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Ive managed to accumulate 250k shares of MOTG into my longterm holdings. Ill sell it to you guys at .50, thought it might 5 bag but now im seeing 20 bagger. Make Me Rich.
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