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OK BOYS... GOT EMAIL BACK FROM MEGAN WITH MODERN TECH... HERES WHAT SHE SAYS.... THIS WAS SENT TO ME YESTERDAY AFTERNOON!!!!..
Hi Dan,
I was updated earlier today that the 10K was to be filed today or in the morning. It doesn’t look like it’s happening today, so hopefully in the morning.
Thanks,
Megan Peterson
Executive Assistant
Modern Technology Corp.
megan*moderntechnologycorp.com
ITS ABOUT TO ARRIVE BOYS....... SANTA'S IN THE HOUSE!!!!
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My Impression of Upper management is pretty positive. Welch seems to be a student of the Great Buffet. What i mean by that is he seems to be careful on his moves. He does not pump, dilute shares,ETC he seems the type to really want to have a good company to run. Just as long as he dosn't dilute the shares I'm fine with it.
I'm very interested in the sound city investment. That has the potential to bring in some real $$$. H-net still to soon to know about that. I grew up watching P.C. Richard &son go from 5 stores to dozens of stores and there revenue stream is huge. Sound city just might do the same. IMHO
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I agree, lots of potential. I really like the fact that they have big boards in their aim, instead of a reverse split, like many others. When this 10k actually arrives we should IMHO BE IN FOR A ride, GLTA
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I am going long there warped....IMO this stock is going to explode in the very short term due to a squeeze that's going to take place due to the shorting that I believe NITE and a few other MM's are involved with. Then over the long term, if all goes well and Welch continues to produce more and more revenue, then this baby could be huge someday. The main important factor is that at the price the stock is at now, the potential to make some SERIOUS money is upon us. Decide what you can afford to lose and buy as much of this as you can because it is an opportunity that everyone should take a chance with IMO. I am in for 100K at .039 and will probably hold for awhile to see where this baby can take us. When and if I have the opportunity to get back my initial investment, then I will sell what I need to get that back, roughyl 4g's and ride the rest to glory, and a new M3 hopefully! GLTY JB
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Hey Jax, We seem to have the same amount at the same price. Sheesh i thought that i was the only one with that amount of shares..LOL Anyway do what i did, put a limit order to sell at 3.00 a share this way nobody could short your shares. The more people who do that the less shares there are available.
I have a feeling that we are headed that way. IMHO
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I went to yahoo finance... looked up MOTGE. I don't see ANY insider trades. Doesn't it seem like, if the 10k is gonna be so good, that there would have been some insider trades in the last week? Can someone enlighten me on this?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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Warped. You won't see that because this stock is traded as a penny stock. It needs to have a certain amount of market cap in order for them to post that info.
The company has 15 million shares outstanding, with a float of about 1.4 mil. Very little shares outstanding, is a good indicator.
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Oh ok. I was wondering if the rules were a little different for a penny stock. Thanks.
Is it just that Yahoo in particular won't post it? Or is that an across-the-board rule? Is there a site out there that does post insider trades for low cap pennies?
(BB, just gave ya 5 stars for your help. )
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
First off BB, yes but I know of at least a dozen of others that have twice as much as me some at lower pps and some slightly higher, I post alot on the RB board for MOTGE and we have all come to the conclusion that between the 15 or so of us that post there we own about 4-6 million shares all under .065. That is why this stock has been so strong even though the 10K is late. We are all long and awaiting the pr's. And I will put one on immediately, thank you. Also Welch owns about 13 million shares himself, so out of a possible O/S of 31 mil, we have quite abit covered, explaining why I believe that we are really short here. Todays 1.3 mil vol so far has been 90% buys, but we havn't budged the way we should, because MITE has been all over the bid/ask all day keeping this down. He is short as **** IMO. So conservatively, 5 mil+13+ subtracted from 31 mil equals 13 million correct, thats also not including the shares that people own that don't post and converse with anyone on these boards. Warped: IMO all the shares that the company owns for themselves have been bought already, as I said above Welch has 13 mil on his own, that right there is reason enough for him not to fail at this and IMO he won't. I think we are going to see quite a shorted runup in the near future, all we need is that damn 10K which by the way, should be on its way to the SEC today, as of the email I got last night from Welch. Good luck to you guys, lets make some serious cash in hand baby! JB
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Good to Know Jax, Thanks. BTW what is RB BOARD? I found this board as a fluke today.
Warped, You might wan't to check out Insiderscope.com they list all the Insider info there on all the companys, but you will not find anything on MOTGE because it is still too small of a company. Maybe within a year or so you will be able too when the market cap is big enough.
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What are the rules on putting out a PR after the 10K has been submitted to the SEC? If the SEC receives the 10K today, when is it likely be released to the public?
Hopefully its good news. I decided to sell some of my other penny stocks that have been dropping like flies, and put it all inot MOTGE hoping to make us some or all of what I've lost. I'm in for the long haul (or at least until spring) when I'll need some of the cash. GLTA. Someone please post the PR about the 10K as soon as it is available.
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IMHO, Don't expect a 10k to be release during market hours. It just might be annoused after the market close today OR before the market opends. That depends SEC RULES. imo
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Believe me, when the 10k and it's PR is out, you can be sure someone will post it here... we're all salivating over it. We're waiting, and waiting, and waiting...
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
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Thanks for the link. 41K shares will do you fine at 0.5 or higher, lots O fun money. I'm riding most of mine from 0.66, but have even done okay on the ones I bought today at 0.8. I just hope everyone doesn't bail out in the teens and cause this thing to drop for a while. Hope people hold out for 0.25 or better and we'll all do great.
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Yeah, I hope most people won't cash out too quickly. Of course the way this thing moves with just a little volume, once there's a PR, I'm hoping that the movement will be so quick with a large volume that the price will just keep flying even with people dropping out.
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
From: Megan Peterson [mailto:megan*moderntechnologycorp.com] Sent: October 31, 2005 4:47 PM To: Dan Subject: MOTG 10K
Hi Dan,
I was updated earlier today that the 10K was to be filed today or in the morning. It doesn’t look like it’s happening today, so hopefully in the morning.
Sent: Wednesday, January 21, 2004 9:34 AM To: rule-comments*sec.gov Subject: Re: File No. S7-23-03 - Proposed Regulation SHO
Re: File No. S7-23-03 - Proposed Regulation SHO
Since you are still taking comments on the new SHO proposal for change, I figure I would add my comments about my outrage in reading the comments submitted by the Market Makers themselves who are against you making any changes that would disallow them to steal from honest, hardworking investors. The below submission by Knight Trading Group, which was submitted late in the first place, shows the investors just how the MM's do not want any government agency to get in the way of them making their millions/billions/trillions off of the games they play on the markets:
"We are concerned, though, that specific features of the proposal will impose unnecessary restrictions on over-the-counter ("OTC") market makers that will undermine their ability to provide critical liquidity, especially in less liquid stocks listed on the Nasdaq Stock Market ("Nasdaq"). "
What critical liquidity? The MM's just sell stock which does not exist in an effort to line their own pockets. What market? I have watched OTCBB stocks trade billions of shares on a daily basis and not a single move in pps. How can you, our government, allow them to sell what does not exist in the first place? Would you allow me to sell your house even though I don't own it? After all, the housing industry could use a boost so why not. You wouldn't have a problem with this, would you? After all, it would be just stimulating the economy. Same principle applies - one should not be able to sell what they don't actually own.
"23 The Commission's proposal would also create an opportunity for prospective sellers to "squeeze" the market maker, by offering the stock at artificially high prices that the market maker has little choice but to accept due to regulatory time constraints. Apart from this concern, forcing market makers to cover short positions is such a short timeframe will result in greater price volatility as they seek to acquire shares of stocks often characterized by thin markets. "
What about the investor's whose money was spend on "naked short sales"? I guess I have the wrong concept of just what the markets are for. I thought it was for investors to invest money in companies which are traded on the different exchanges. Instead, the markets are just an avenue of one or two entities/groups to make money - the SEC who fines companies yet does not return the recouped monies to the injured shareholders and the Market Makers who create false, imaginary markets with imaginary shares in which the SEC does not force them to follow the rules of covering their positions. How about how the individual investor gets "squeezed" out of their savings by unlawful activity of the Market Makers who benefit from selling imaginary shares?
Market Makers are worrying about getting squeezed at artificially high prices? What about how the Market Makers will drop the bids on stocks faster than you can blink and not fill investor's sell orders. If they do any filling, it will be a partial fill of a small quantity of stock and keep dropping the bid to get investors to change their orders and accept a lower bid price. Billions and billions of dollars are lost by the small investor due to the "games" (or orderly market making as the MMs call it). And let's not forget about what the Market Makers call "two-sided" quoting - how about all the companies on the OTCBB where there is no bid and only an ask and the Market Makers just have a jolly good day selling shares that do NOT exist by the millions/billions on a daily basis with, obviously, the sanction of the SEC.
"III. Conclusion
Proposed Regulation SHO, if adopted in its current form, will seriously undermine the ability of Nasdaq market makers to provide liquidity in their registered stocks by eliminating their flexibility to sell short to enable them to fulfill their market making responsibilities and by greatly increasing their costs. The risk is particularly grave for market makers in less liquid stocks, which put their capital at risk daily to provide continuous two-sided quotes in markets in which it is proving more and more difficult to turn a reasonable profit for the risks assumed. Knight urges the Commission to exempt bona fide market making from the various restrictions proposed in Regulation SHO, including the proposed bid test and delivery requirements. The definitions of "market maker" and "bona fide market making" that we propose will provide appropriate constraints on market maker short selling practices inherent in the standards a market maker must follow to fulfill its trading obligations, and avoid the "sledge hammer" approach embodied in Regulation SHO of restricting legitimate market making activity to target abusive practices committed by a small number of market makers. We also urge the Commission to adopt the other changes we recommend. "
Again OUTRAGE, as NITE is one of the largest MM's that is seen on the OTCBB and has been selling shares like hotcakes from out of space while not even showing as quoting the stock. How do I know this? Well, NITE has sold me millions and millions of shares of stock as he is one of the Market Makers used by my broker and when the buy transactions gets submitted, it goes to NITE and when it is filled, again it is filled by NITE.
The comments in the complete submission by Knight Trading Groups is acutally a conflict of interest if it is even considered. Knight Trading, and most likely other Market Maker Companies, do not want the government to change the rules because it would reduce the amount of money they make and they seek to get your sympathy on how any change in regulations would cause them to loose money. It was my understanding that the SHO was to correct the inappropriate behavior by Market Makers and make the appropriate change to protect the investors themselves and bring some sense of respect and confidence back into the markets. This can not be done if the ones making the rules or having the largest input into the SHO are the same offenders of past behavior.
Many eyes are awaiting the outcome of this SHO. I believe it will tell us, the investors just where our government stands on the illegal activity that occurs here.
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take a deep breath and smile a little. we are basing in the .07's and .08's ahead of a good pr and 10k filing. There has been little selling in days. This is about as strong a position as you can be in in a penny stock. i will almost guarantee you a double and most probably much more....enjoy it.
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Yes the "e" will be taken off as soon as the SEC gets the 10K. Warped, glad you and everyone else here found the RB board. That conversation with Megan was posted at 10:50 this morning, the email from Welch you saw on the RB board was recieved this afternoo. Welch has been very very good about getting back to the people who have emailed him, so if he says it's done and on his deask ready to go, then I for one def believe him. He going to **** these shorts right in the azz. Good luck to all here.... JB
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it is unbelievable how strong the base is here. no one is selling. for a penny this is very impressive. I have seen very few pennies up over 25% or more over the past two days and no one is taking profit. Good Sign...
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MB, thats because anything under .25 in the next week or so is letting the MM's off the hook with a slap on the hand for shorting this stock and reselling our shares, which IMO is what I think is happening here, we need to hit them and hit them hard, this is a great opp. to do so. People will lock in profits but keep most of thier shares to see where this stock's gonna hit, because it could be very very substantial. IMO JB
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What i mean by that is he seems to be careful on his moves. He does not pump, dilute shares,ETC he seems the type to really want to have a good company to run. Just as long as he dosn't dilute the shares I'm fine with it.
