posted
When you look at the last unaudited 10-k they had rev's of 10mil and assests of 7mil right...Since then we have added 1.5mil from demarco energy and bought h-net. It will be interesting to see as an asset how much that techn. is. It will also be interesting to see how much rev's they produce. The in marketing deal will be another huge piece but I don't think they are close to being done. If you read their other pr's they say they are going for 50-75mil....so after the 10-k its the news after that will propell this higher
IP: Logged |
posted
Sorry got excited. I think you are right JB. I was looking back at the chart and this stock debuted at .25, ran up to .42 and then hung out between .15-.20. That was all based on estimated revenues of 10 million.
The only thing your analysis does't take into account dilution on the way up. My understanding is that the four big investors can only convert like 4% of their shares at a given time. They also have to register these shares. If the numbers are inline with the projections, the only "what if" is how Welch will handle dilution.
IP: Logged |
posted
Right you are, Katrina. That's why I'm conservatively 20 cents below what the projected PPS should be. Optimisticly, I think Ted may be right though, that the company is prepared deal with the dilution, among other things.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
posted
Katrina, Thats my only worry. It's the dilution. If welch handles it by bring in new Institutionals then we should be good. If he just hits the market with it then we will never propel. I beleive welch will do the right thing here, he has come a long way in a short period of time.
With the Inmarketing Deal, we should have a market cap of 40 million. Other deals that propel the revenue stream to over 75 million then you could be looking at a company with a market cap off 100 million by the time it gets listed of the nasdaq or amex. IMO
IP: Logged |
posted
Your right Kat, but it seems to me that if these investors wanted to convert them, it would be posted somewhere for us to see...Welch has confirmed, as well as a few others at MOTG that the share count is still 31MIL, and it hasn't changed. Think about it, if you knew the game plan better then we did as outside investors, and you owned alot of shares of this company, and the company was in line to produce bigtime rev's, why would you sell at such a low pps, I don't think any of those shares have been sold yet. There just hasn't been enough volume. IMO of course. The only reason that our volume is where it is these past few months is becasue NITE and a few other MM's began to sell shares they didn't own once it bottomed out to .021. I believe they expected this company just **** the bed and go uder like so many of them do and then they would be off the hook and never have to cover their asses. But then all of a sudden MOTG started to produce some pr's stating that they have made some aqusitions and instead of letting the price do the talking and let it run to where it should be, they kept shorting it and driving the price down. It very obvious that with the current assets and the share count that we should be at .24. And just when it looked like there was not going to be anything else done by MOTG, they went and aquired INmarket, and are close to closing it, I think it is done already, but we'll have to see. Now the MM's are really in trouble, so the plan for them was to keep the price down as much as they could but let it out little by little to get rid of the buyers like myself who have all thier shares under .04, but they ran into a slight problem, no one under .07 is even considering selling. So now they forming together and helping eachother out, examples are 650K and 950K bought over the past two days away from ask.bid prices that were posted at that time, and IMO all those shares came from the weak hands that can't deal with buying a stock thats being manipulated in front of our eyes and having the pps drop immediatley after their transaction took place on their screen. And everyday that the 10K is not issued, more and more people are starting to get worried and selling and that allows the MM's to gain more and more shares to cover their shorts. IMO I don't think they are close to covering the amount they are short, becasue the O/S has been traded her almost 1.5 times in the past 2 weeks and we haven't budged in pps. All of that was in my own opinion... There was a post on the RB board awhile ago that stated if these investors did convert, that the most they could bring the sharecount to was aroung 75 million, and even that # is fine with me if MOTG is going to produce 50-75 million in rev's over the next year, that puts MOTG around 1$ pps. I am not fully aware of all the angles of the converts but IMO we haven;t see any proof of them converting any shares and if they did I think that we would be able to see that somewhere. Also, Welch knows that we are on the short list and I have heard from a few of my buddies that he intends on dealing with them ASAP. I think we have a pretty good CEO with us in this battle. JB
IP: Logged |
quote:Originally posted by WarpedMind: i just saw this in an old PR (9/22/05)...
"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."
Does anyone know if this is still planned? Has anyone asked them? Can anyone ask them this on your next communication with them? Thanks in advance. It sure would be awesome, huh?
Can someone please address this? I'm just curious if you all think that this might happen anytime in the near future.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Warped, that's their PR; if they said that, you have to assume that, when those conditions arise, that they'll follow through with it. I don't think it would be tactful to ask them if they intend to do what they said they'd do in a recent PR.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
What that says to me is that they have a plan and goals that they think they will reach and upon reaching them they have a strategy to benefit the shareholders.
What it does not say is that they WILL get there. Read that for the hopeful speculation that it is. I think they have every intent of doing that if and when the time is right.
IP: Logged |
posted
The way that the cd's are set up really limits the dillution. Secondly they owe 3.5mil so if you were to take the price of conversion say at .20 than you can only add 20mil to the os. Plus the way it is structured 4.9 percent it makes it so they can't add all at once therefore sp increases and they get less shares but still get paied back...
IP: Logged |
posted
I know some are getting antsy, but I am still hoping for a delay so I can get some more money in.
So, if Motg is listening, I hope some unexpected good news comes in that you just must get in the 10K, and you wait til I say, ok, got my money in.
Seriously, I think with a good 10 K this will be a good one, just hoping to cash in more.
They said last friday I would have my money in 10 days, that is usually a day or two off, so, oh well, gee wiz, biting my nails, eye balling the mail box, crap I hate waiting.
IP: Logged |
posted
Hey Ted? Even if they did that with the convertables, don't they have a time frame on when they could convert to dilute shares? I beleive it ussually is a 5 yr to 10 yr type of thing. What do you think?
IP: Logged |
posted
The real key to all of this guys are the warrants priced in at .40.....That is what the focus should be on. Yeah everyone is paranoid about the dillution however they are only allowed 4.9percent each time they have a 5 year period and they still would have to register the shares. So dillution to me is not an issues right now. Welch has said os is 31 therefore the float is 18 welch own 13mil from the filing...nite is short he is probably short from 3 cents and the mini run up to .07 on the in marketing pr than this settled back to .05 but the whole time i am sure nite was shorting it because volume was 7mil not to mention all last week we were trading well over a million shares and only going up a penny. nite is phucked he has boxed in the bid and ask everyday
IP: Logged |
posted
Again, well said Ted...I agree completely with you analysis. Had the shares been converted at .05 for instance, we would have known about first off, and if they were issued in at .40, why would they want to sell at .05 and dilute the stock they just lost serious money on...remember, that .40 was when they had 10 mil in rev and 7.5 million in assets, they STILL have those numbers, meaning we are very undervalued and have been shorted for over 6 months, basically HEAVY BUYING=MM S#IT SHOW JB IMO
IP: Logged |
I was just checkin the last filing and found this. It is the same for all four investor. It appears the warrant exercise price is .10? Am I reading this wrong?
THIS CERTIFIES THAT , for value received, AJW QUALIFIED PARTNERS, LLC or its registered assigns, is entitled to purchase from MODERN TECHNOLOGY CORP., a Nevada corporation (the "Company"), at any time or from time to time during the period specified in Paragraph 2 hereof, [ ] ([ ]) fully paid and nonassessable shares of the Company's Common Stock, par value $.0001 per share (the "Common Stock"), at an exercise price per share equal to $.10 (the "Exercise Price"). The term "Warrant Shares," as used herein, refers to the shares of Common Stock purchasable hereunder. The Warrant Shares and the Exercise Price are subject to adjustment as provided in Paragraph 4 hereof. The term "Warrants" means this Warrant and the other warrants issued pursuant to that certain Securities Purchase Agreement, dated August 31, 2005, by and among the Company and the Buyers listed on the execution page thereof (the "Securities Purchase Agreement").
IP: Logged |
posted
On August 31, 2005, the Company, pursuant to a Securities Purchase Agreement of the same date, entered into Callable Secured Convertible Notes. Under the terms of the notes, the Company borrowed an aggregate of $1,500,000.00 from the Holders of the Notes. The Notes each bear a Maturity Date of August 31, 2008, with interest accruing on any unpaid principal at 9% per annum from the date the Notes were issued, until due and payable on the Maturity Date. Any unpaid amounts after that date bear an interest of 15% per annum. Interest is payable quarterly and shall commence at September 30, 2005. Holder has the right to convert any amounts due to Common Stock, at its discretion, at the conversion price, as set forth under the terms of the Notes.
Why would they convert the shares so soon, when they could make more $$$ by holding til muturity, well unless the stock runs to 1. 2 or 3 dollars, then they will make a killing. Ussually when they excersise a warrant they become long term holders (If the company is growing fast) of the stock.
IP: Logged |
posted
OK, I am awake and ready for today, lets see some action with this thing. It seems that last night I missed a lot of really good analysis, Thanks to all for helping me and others stay informed
IP: Logged |
posted
Yeah--what's up with that--"dumping shares." Based on what? Don't worry sync--if there is no news I'm sure some weaker hands will give you some shares this am.
IP: Logged |
posted
There hasn't been enough selling for the company to be dumping shares....Volume is too low and most of the trades are buys...we just need to break up NITE's little game and the only was we do that is to get some news.... JB
IP: Logged |
posted
I have plenty of shares MB. 290K to be exact. I got 100k*.038.....110k * .034 and the rest at .029 that I had a buy order in for .034 and c.schwab fill them at the lower rate..........Thanks Charles. It still has all the feel of dumping. NITE is playing the rookies like a harp. Sucks them on the suckers rally and then lets the price slide back. He is doing this day after day. They did it at 3 cents and they are doing it now.
IP: Logged |
posted
Oh another tatic that seems to work very well on this stock and not on others is the all or nothing fill. I used it on all my orders and sure enough the MM will just walk it down to fill the order. That has all the markings of dumping. Put the order in the morning and sometime during the day they get filled. They want to fill all they can. ,
IP: Logged |
posted
SYNC....therefore NITE is short shares....scaring people into selling by dropping the pps right after they buy...I wish that people would learn more about trading before they bought shares in a penny stock...if you don't believe in the company, don't put your money here...its that ****ING simple. jb
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
