posted
InM revenue not showing up on the Q doesn't surprise me given the fact that it closed so late in the year. The last Q had "one time" expenses for acquisitions that shouldn't show up again. However, I wonder how the purchase of InM will affect this Q? Are we going to see additional expenses for the purchase of InM?
I'd like to see a positive move towards breaking even and not going further into debt. I really think that is what it's going to take to get more people interested in the stock.
We all know that we are sitting on potential greatness here. Unfortunately, we are going to be sitting at this level until we start moving the other direction with our revenue to expense ratio.
The next Q should hopefully bring us some much needed attention.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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Also, regarding this quarterly, because the Inmarketing acquisition came so late I'm not sure if: 1)MOTG can record Inmarketing as an asset on this Q, 2)If MOTG will record the cost of closing Inmarketing on this Q. Either of those variables will radically change the bottom line of this Quarterly.
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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posted
OT: Kat, the deal harvey electronics made should help the PPS. Didn't you say you bought some HRVE?
Posts: 1289 | Registered: Dec 2005
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posted
ot: hey raged, I did buy some hrve and was happy to see some nice after hours buys (went to .86!) Nice to finally see a little green in my porfololio.
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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quote:Originally posted by Katrina7: ot: hey raged, I did buy some hrve and was happy to see some nice after hours buys (went to .86!) Nice to finally see a little green in my porfololio.
Small trades premarket, but trading at .85-.87. GL to you.
FYI: The market is closed Monday for President's Day. Maybe we will see the Q on Tuesday.
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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posted
Stocknut, could be that the mm's are anticipating a late Q and an E returning to MOTG. Therefore shorting hoping for a drop in pps and quick money in their pockets.
quote:Originally posted by Katrina7: stocknut, that actually makes sendse.
I'm kinda glad to see we are back on the naked short list. That explains a lot.
well it explains alot, but you gotta ask yourself why are the MM's shorting ??? it means that they are expecting the pps to go lower...which is not good. We just went from 32M to 60-65M shares, so MM's probably have alot of that in their pockets, so why would they short and bring this lower ? How much lower do they wan't it from this point to make actual real money ?.....ARCA is not done yet...wow this could be big trouble IMO...i just don't get it.
Posts: 184 | Registered: Nov 2005
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I think you were the one talking about the MM signals. These were posted on another site twice now. Not sure if they're correct but thought I'd go a head and post.
100 - I need shares
200 - I need shares badly but don't take it down to get them
300 - Take the price down to get shares
400 - Trade it sideways based on supply and demand
500 - Gap one way or the other, usually in the direction of the 500 - trade, sometimes in the middle to keep the price right where it is.
posted
Moving Up...yes these are the ones I had been seeing also. So the 100 share trades we've been seeing lately probably means an MM needs shares...and the fact that we are now on the SHO list again, that someone wants this lower.
Posts: 184 | Registered: Nov 2005
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posted
It's one thing to be shorting but it's another thing to be naked shorting. Since we are on the Regulation Short Threshold Security List does that mean that this is just regular shorting? Does anyone know? Interesting link to Naked Shorting. http://en.wikipedia.org/wiki/Naked_short_selling
quote:Originally posted by Katrina7: it means naked shorting, movingup
I am not an expert on the topic of naked shorting, but if you ask me that is what is contributing to the share price not moving up. Selling non-existent shares only adds more dilution, and that is something we really don't need at the moment. Where is the SEC when you need them? The IRS is a lot better at cracking down at law offenders if you ask me.
Posts: 1289 | Registered: Dec 2005
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posted
I'm dumping this stock asap. I gave up on wishing it would go up and i started buying other stocks. I doubled my money in 3 days while i held on to this POS company for 2 months now and lost 20% or so.
Posts: 84 | From: NJ | Registered: Dec 2005
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posted
NASDAQ took over the OTCBB late last year and has been planning to clean it up. I'm sure they realize there's a lot of money to be made in the pennys if they could make it appear safer for the big investors to come in.
Anyone else find it interesting that MOTG pops up on the regsho list shortly after UBSS comes on? He wasn't here when most of the dilution occured. That's probably why they are driving the price down is so he can load up.
From what I understand, Market Makers are legally allowed to short. In fact, I've read it's how they make most of their money. Naked shorting means they are selling shares they don't own, causing the pps to drop artifically. That is what is illegal and needs to be stopped.
Posts: 953 | From: Southwest USA | Registered: Nov 2005
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posted
well i can't help it but to be negative this morning!
When I got into this stock, we were awaiting completion of the In-mark deal....going to add 11M in revenues which would bring us to 22M, with a 30M o/s...chart was looking awesome and we were way undervalued.
What I didn't know is that it would take much longer to complete the deal adding a very late filling that killed the momo and affected investor confidence. An acquisition that added 11M in revenue did nothing to bring the PPS up...and that's when I started scratching my head and asking at 0.06 why weren't people jumping on this ? NITE shorted this and kept us from going up long enough and then comes in the conversions and our friend ARCA. The PPS went from 0.08 to 0.028.
So now I sit here this morning and think: - the o/s has more than double - t/a doesn't give out the o/s which is suspicious - i'm down 50% - the conversions are not done, and won't be for some time...i think we have only half of it done - we might face another late filling - the ledbed fiasco...ouchh! - now that we are on the SHO list, we know that UBSS (and some other like FRAN...) has been shorting this for the past week or two. So for what reason are the shorting us ? - how are we gonna pay for the big acquisition ? very scary thought - a r/s ??
So with a MM shorting us again and with conversions not done, how low will this go ? We'll have to fight two monsters to go back up.
This could be a long wait, and if Welch doesn't pull this big deal thru it could be an even longer wait.
this sux!!!!!!!
Posts: 184 | Registered: Nov 2005
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posted
Modern Technology Corp Issues Positive Earnings Guidance for 2006 With $65,000,000 Revenue Projected Feb 17, 2006 11:58:00 AM OXFORD, MS -- (MARKET WIRE) -- 02/17/06 -- Modern Technology Corp (OTC BB: MOTG) a diversified technology development and acquisition company issued positive EPS guidance for 2006 and reiterates its revenue goal of $65,000,000 in annualized revenues for calendar year-end 2006.
Our present Earnings-per-share is expected to improve with each passing month throughout 2006. If we make no further acquisitions, the company projects revenues of $25,000,000 and bases its EPS estimate on this conservative figure alone. We therefore anticipate a $(0.01) or $(0.02) EPS by calendar year-end 2006. This EPS is estimated based on a fully-diluted capitalization, and actual earnings-per-share may be higher.
The company has acquisitions under late-stage negotiations, that if completed, will bring 2006 revenues above $65,000,000. Should the company succeed in completing these new acquisitions, the actual EPS for 2006 on a fully-diluted basis may be higher than $(0.02). Additional EPS guidance will be released subsequent to any further acquisitions.
Our current losses are in main part attributable to the extraordinary costs related to acquisitions and the accompanying legal, accounting, and various other closing costs normally associated with those activities. These costs are expected and moderate losses are anticipated for the short-term subsequent to significant acquisitions. As we add more subsidiaries and increase profitability among them, our losses narrow and as operational efficiencies are increased, we obtain a positive EPS.
Pursuant to our stated business plan and corporate vision, we achieved our initial base of revenues, assets, and operational subsidiaries. As of this writing, the company is reducing operational redundancies, consolidating business functions common to subsidiaries, and exploiting new revenue producing strategies between operational entities.
Our synergy-based approach to operations and our model of continuous growth have resulted in significant progress in the areas of building new revenues and overall operational cost reductions. Shareholders will soon see the complete audited financials of our latest acquisition, INmarketing Group. The consolidation of revenues will not be apparent until our next quarterly filing.
Anthony Welch, Modern Technology Corp's Chairman said, "We have accomplished our stated goals and continue to move forward. In the coming months, we focus on profits and efficiencies. We have obtained the 'critical mass' we targeted since the beginning. This year will be an exciting year for MOTG. We continue to work on new acquisitions and have set bold, but achievable goals. We release this guidance to inform current and potential stockholders on a regular basis."
About Modern Technology Corp
Modern Technology Corp, a diversified technology development and acquisition company, builds revenues through continuous growth, strategic acquisitions, and commercialization of nascent technology. MOTG improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries. MOTG also commercializes new technology and provides to its subsidiaries new product lines, operations infrastructure, and significant intellectual capital. The company's mission is to build shareholder value through a model of continuous growth. Web Address: http://www.moderntechnologycorp.com
Safe-Harbor Statement
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Company Contact: Megan Peterson 1.662.236.5928
Posts: 135 | From: DC | Registered: Dec 2005
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quote:Originally posted by trade04: news out motg pops and drops whats new guys? hows everyone lol...
That was old news, recycled. I used it to sell my .033 shares at .038. Will get them back at .033. I hope it doesn't go that low again, but you never know, this stock is funny.
Posts: 1289 | Registered: Dec 2005
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posted
ameritrade had the HOD at .044 earlier, now it's showing .0361, their system must be going haywire.
Posts: 1289 | Registered: Dec 2005
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quote:Originally posted by trade04: news out motg pops and drops whats new guys? hows everyone lol...
That was old news, recycled. I used it to sell my .033 shares at .038. Will get them back at .033. I hope it doesn't go that low again, but you never know, this stock is funny.
i keep thinkign to myself how long is this gonna hold! .03, bounce .03, bounce, eventually you think we would tear right through any support technicals...i just want this to go to .01!!!
Posts: 3086 | From: miami | Registered: Nov 2005
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posted
Not totally recycled, this is the first time they have issued positive EPS.
Also, note the we are in "late stage negotiations" for the NAZ, so hopefully that will really happen.
Posts: 1351 | From: Phoenix Az | Registered: Nov 2005
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quote:Originally posted by trade04: news out motg pops and drops whats new guys? hows everyone lol...
That was old news, recycled. I used it to sell my .033 shares at .038. Will get them back at .033. I hope it doesn't go that low again, but you never know, this stock is funny.
i keep thinkign to myself how long is this gonna hold! .03, bounce .03, bounce, eventually you think we would tear right through any support technicals...<B>i just want this to go to .01!!!</B>
now we know your true intentions!
Posts: 184 | Registered: Nov 2005
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quote:Originally posted by CMoney: Kat, you added the "Naz" part, but it does make you smile just thinking about it.
So when we aqcuire a Naz company, does that mean instant $1/pps or would we still be in danger of delisting because share price is below $1
C$
good question CMoney....i've wondered that too, no one seems to know what would happen. How could we just jump to 1$ with people holding 60M shares sub 0.10....everybody would surely sell and we'd fall like a rock....
Posts: 184 | Registered: Nov 2005
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