posted
I tried to tell everyone to have low expectations for this Q. It was never about the Q. It's about the pr's and the next 2 or 3 Q's when all these acquisitions dump their revenues into MOTG's pocket
Hang on for the ride, E comes off Thursday morning and Welch has said that he'll be filing pr's shortly thereafter!
IP: Logged |
I've been trying to catch up to the postings all morning. Had to actually go and work. I looked through the Q quickly and will try to get on the computer in the next location but will someone give me their take on the statement made in the Liquidity and Capitol Resources section that states; The Company has incurred substantial losses through September 30, 2005. Until such time that the Company's products and services can be successfully marketed, the Company will continue to need to fulfill working capital requirements through the sale of stock and/or the issuance of debt. The inability of the Company to continue its operations as a going concern would impact the recoverability and classification of recorded asset amounts.
The ability of the company to continue in existence is dependent on its having sufficient financial resources to bring products and services to market for marketplace acceptance. As a result of its significant losses, negative cash flows from operations, and accumulated deficits for the periods ending September 30, 2005, there is doubt about the Company's ability to continue as a going concern.
posted
Moving, standard disclaimer by the auditors. Substantial losses means money spent. On what is the question, and we all know what. Don't sweat it!
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
posted
Hi tech, not sweating it just curious about the last statment saying; there is doubt about the Company's ability to continue as a going concern. That's a standard misclaimer for all companies on their Q's?
On another note I wrote Scottrade a polite but not so nice letter today about getting going with some type of transfer system. Told them it's been weeks which is way to long. Still haven't received a reply and that was early.
posted
movingup--they require that disclaimer whenever there is a net loss.
Here comes arca with a little more dilution.
Yes, I think this was a disappointing Q. It looks to me like they have about 5mm in revenue through sept. With HNET bringin in nothing. They seem to think they are going to be able to bring in another 5 mil in the last quarter from holiday sales. That seems a little optimistic to me.
So far for the year they have over 8mil in assets and nearly 5mil in revenue.
IP: Logged |
posted
I see that line in every report where the company has a loss. It's like the "Do not iron clothes while they are being worn" warning you get when you buy an iron. Or "Hot Liquid" warnings on coffee cups.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
posted
"""During the three months ended September 30, 2005, expenses amounted to $1,127,723, attributable mainly to general and administrative expenses of $671,145, officers' salaries of $375,570, interest expenses of $81,008 and preferred stock dividends of $47,465. """
WOW. Now Not only is WELCHIE BOY making a 6 digit income, is sec is too seems like.
375,000 in salaries for how many employees. LMAO
IP: Logged |
posted
BB no one seriously thought that Inmarketing was going to be on this Q. Maybe a RB pumper looking for a reason for the tardiness. Inmarketing would have had to close in September to make it onto this Q. The earliest release date posted was October 15. That's what you and I are waiting for right? The release of the Inmarketing acquisition which - as you know - is rumored to be done. It will show on the next Q.
I can't wait for you to become a pumper
IP: Logged |
posted
I thought you liked this stock, BB? Didn't you say you were going to buy in at 4? That being true, you must see potential, otherwise you're about the lamest investor ever.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
posted
Here's a response to your responses to my response to everyone else's response to BigBuyer's response:
quote:Originally posted by Katrina7: warped--you were more fun when you were a tight wearing triangle playing metro....now I can't even do sex jokes with you anymore.....
that was the first sale in a while, but I think it was nite playing with himself....
Haha! You make a comment about not making sex jokes, then in the next sentence you say that NITE is playing with himself. Too funny! Kat, I'm the same guy (I'm sure some of you will debate what I mean by "guy", but I'm not going there) I was 5 minutes before you knew that I used to be a minister. I'm not a self-righteous, holier-than-thou type of guy... I mean, really, with the exception of you since you seem to be exceptionally perceptive, did any of you have any idea that I was even a religious person? I'm a normal guy, so relax. Now, it is true that I prefer to stay away from certain discussions and I don't particularly like to read them either... but when they come up, I just skip them... I don't expect everyone to change for me. I mean, yes, it would be nice if I didn't have to worry about it... but I'm not gonna force my conscience on anyone else. So relax... if you're extra careful with what you say, that's really nice and I appreciate it... if you aren't, that's your prerogative and I'm fine with that too. I'm still WarpedMind!
quote:Originally posted by trade04: No offense warped but i dont believe in religion allthough i was born catholic.
No offense taken at all trade04. Everyone has their right to choose.
quote:Originally posted by aldeberon: Warped - you're a busy guy! I agree it's not going to be nearly as fun now that you've "gone religious" on us. Oh well, I guess burning in hell for harassing a minister might be worth it.
I don't believe in religion either though I love spirituality. There's a big difference, normally.
You're a good sport Al. I agree with you about your religion vs. spirituality comment. More on that with my reply next to whg...
quote:Originally posted by wholehealthgirl: Trade, I know a lot of recovering Catholics. Takes awhile to realize there is a difference between religion and sprituality. Catholic doctrine isn't exactly spiritual.... But that's my Humble Opinion. Maybe Warped can sermonize on it some...
Naw, I'm not gonna sermonize, whg... in fact, I totally agree. With the way religions are today, it's a wonder that there are many left who are even part of organized religion! Unfortunately, too many have made religion a business instead of a way to satisfy spiritual need and provide guidance.
quote:Originally posted by alderberon: Yeah I think the eastern "religions" ("philosophies" is more like it) have it closer to the truth than the western religions do. Though it takes both east and west to make a true picture of what god looks like. The pacifist and the aggressor, the god within and the god without. All religions have some truth. It's a matter of weeding out what people have added to the ancient texts or deleted to assist their control over the masses. The Bible used to have references to reincarnation in it before they were removed so the Catholic Church could retain their control over the "scared" masses. It's a shame really. Jesus was not anything like what his followers are today (including "white" btw)
Interesting comments, Al. It definitely is a shame of how "truth" has been altered by some.
Anyways... not trying to turn this into a religious thread... just responding to a few posts.
Yeah, Al, I figured that the Q would not be that stellar... but this is even more disappointing than I suspected. Do you still it's still along the lines of what we should have expected?
I hope that they bring out some serious PRs tomorrow. Can anyone email AW and ask if they plan on doing so (and to some MAJOR pr organizations) this week?
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
Alright. The important thing is the Q is behind us. The SEC has in their hands a well-audited financial statement that confirms the acquisitions of Sound City and Hnet and documents a $23,000 down payment on Inmarketing. If anyone was ever worrying about "is this company for real?" the answer is "Yes!" I believe in Welch. I believe that he has closed Inmarketing and that there is still an acquisition - or two - coming down the pipes here. Hang in there gang, we're basing a lot lower than I thought but I still expect to see nice runnup on a happy pr or two released later this week
This is intestinal fortitude time when we separate the men from the boys from the metros.
posted
here is what I sent....is that tough enough for you guys???
Mr Welch,
Needless to say, we are all extremely disappointed with the Q. Can you please explain to me how you expect to have 20 million in revenue, when you only have 5 for the first three quarters? We all feel like we have been lied to, and now the stock is plummeting back into the 4 cents range.
"During the three months ended September 30, 2005, expenses amounted to $1,127,723, attributable mainly to general and administrative expenses of $671,145, officers' salaries of $375,570, interest expenses of $81,008 and preferred stock dividends of $47,465."
Why is it that three employees need 1 million in salaries over a three month period? Don't you think it would be prudent to show a little green on your financials? Take a profit instead of a loss to show that you are legitimate.
Or are you just in the business of making money for yourself. I am extremely disappointed, and I can't get my $30,000 back right now without taking a loss.
IP: Logged |
BTW, my signature '05' trade went through at 57. Last of my free cash, had to shuffle a few stocks to do it. Wanted more at .05, but I waited too long.
Let's roll.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
IP: Logged |
quote:Originally posted by WarpedMind: Good job, Kat. Don't hold any punches... this is a public company, so he must answer to the public stock holders.
Warped. Welchie Boy Dosn't have to answer anything that is in the 10q. He did what he is supposed to do and that is file the q. There was NO Guidence for next Q which is supposed to be what?? In a Month to 6 wks from now.
Yes People I LIKE this company BUT I Believe the stock is only worth .04 a share INTO there is New company's/ Company INMark, To be annoused. I think it will hit .04 before that is the case.
BTW Katrina, Don't Hold Your Breath on any New Info From Welchie Explaining this Q.
IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
![[Wink]](wink.gif)
![[Big Grin]](biggrin.gif)
