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It's really not anyone here's fault that this stock is doing so ****ty. There are some bigger problems with MOTG keep dropping daily.
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it is ridiculous. Something is brewing. Either we are going to finally bust through 5 or we are headed for 3. I don't know which...I just hope it's not dilution.
Please answer my question-----was it DOMS diluting during the xmas break or ARCA, as it was in the past?
tech you weren't able to sell at .04. Has anyone tried to buy at .039? Even $50 as a test?
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quote:Originally posted by Katrina7: it is ridiculous. Something is brewing. Either we are going to finally bust through 5 or we are headed for 3. I don't know which...I just hope it's not dilution.
Please answer my question-----was it DOMS diluting during the xmas break or ARCA, as it was in the past?
tech you weren't able to sell at .04. Has anyone tried to buy at .039? Even $50 as a test?
Yes, I'm still here. I show dogs and this is getting to be show season in Ohio. I haven't looked at this too much for about a week, hoping it would go up. Surprise You're right I'm averaged in at around .076 so I'm definitely in a holding pattern. Have to be, but I believe that it will eventually be a good investment.
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OXFORD, MS--(MARKET WIRE)--Jan 4, 2006 -- Modern Technology Corp (OTC BB:MOTG.OB - News), a rapidly growing diversified technology development and acquisition company, announced initiating market development efforts for 2006. MOTG has been preparing the H-NET platform and surrounding sales and technical support infrastructure in the months following the acquisition of this important asset.
ADVERTISEMENT In the coming months, the H-Net software and related support systems will be marketed in both the USA and Europe with sales and distribution expanding throughout the year.
Since acquisition of H-NET, MOTG has created a sales and technology support infra-structure, expanded the market scope of the H-NET software technology to service the broader medical industry, and developed key marketing and industry relationships for both marketing and distribution.
The H-NET technology is complete, market-proven, and has a long history in the Vision Care industry. The H-NET technology serves the three largest retail vision care chains in the United States. Companies using H-NET.NET software include LensCrafters, Pearle Vision, Cole Vision, Eye Care Centers of America, Family Vision, Wal-Mart's Sam's Stores, Macy's Group, Bensons, Standard Optical (Canada), the Bay Group (Canada), Optica Lee Borinquin (Puerto Rico) and Scrivens Optical (UK).
Anthony Welch, Modern Technology Corp's Chairman, said, "The New Year heralds continuing accomplishments for MOTG. As shareholders witnessed, MOTG delivered significant results and revenue growth in 2005. We expect 2006 to be even more impressive."
Additional acquisitions are under consideration that may place annualized revenues over $50,000,000. The company plans to meet its revenue goal of $75,000,000 in 2006 and list its stock on a national exchange.
In 2004 the company paid a $383,697 cash dividend. In October of 2001, it paid a stock dividend of 403,000 shares and on June 30, 1999, it 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. The company's long-term plan is for stockholders to realize strong capital appreciation from their MOTG stock as well as new stock paid to them as part of the spin-off transactions.
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.
-------------------- All men's gains are the fruit of venturing.
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Investors typically have short term memory. With the mention of the big names (Wal-Mart, LensCrafters, etc.) we should see more interest. The bid is finally gaining some strength....Well, it was.
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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Absolutely no reason whatsoever to mention dividends and spin-offs unless that's a planned event.
"In 2004 the company paid a $383,697 cash dividend. In October of 2001, it paid a stock dividend of 403,000 shares and on June 30, 1999, it 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. The company's long-term plan is for stockholders to realize strong capital appreciation from their MOTG stock as well as new stock paid to them as part of the spin-off transactions."
-------------------- I have taken a vow of poverty, so if you want to irritate me, send money.
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While this may seem like a fluff PR to some, there are some interesting points.
They have been preparing for a major launch of the H-NET software, not only in the eyecare industry, but also in the broader healthcare industry. Folks, this has the potential to be HUGE in due time.
AW also stated that they have been developing key marketing and distribution relationships to get this puppy out the door AND on a GLOBAL front.
Granted, we knew that H-NET was in the background and that they were planning on taking it to the global marketplace, but it is definately reassuring to witness their proactive approach in doing so.
And who can neglect the 75 Million Revenue statement?