quote:Originally posted by binsleep: Volume stinks so far today.
We gotta be more careful about what we wish for!
13:49:25 0.024 500,000
MM's walked it down for that. Dang, seems every time this stock wants to turn around AJW has another half million shares to bless us with.
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Remember, MOTG's current quarter ends in 4 days. They have about 45 days to file their Quarterly report. So we'll be seeing this Q sometime in mid-May. This is the one we've been waiting for, Nasdaq or not. Welch has already issued guidance saying he expects a 300% increase in revenue over last year. Kat, that was what caused the blip in pps while you were gone.
Other than that, Welch still claims there is a "major aquisition" in the works that he is waiting for a phone call on. If completed, this acquisition wil push MOTG's revenues to an estimated $65m annually. Without it, we are still looking at around $20m. Not too bad for a penny stock company with a decent float of 60-75m.
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Thanks Bin. I'd much rather be here when it runs, that's for sure, although for future reference, I wouldn't have minded coming back to a green portfolio!
Bummer-all sales today, looks like the mms are talking it down. ETRD got nearly all the sales.
Don't know what its gonna take to make this stock go, but hopefully the second q will bring us back to where we all bought!
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Thanks RB. Not posting any pics anytime soon. You have to make it through a series of long and painful psychological tests before that can happen. Only Warped and Techie poo have been so lucky. And warped was really on the borderline....lol.
ARCA with a big old order on the bid at .0242 which is kinda nice.
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Modern Technology Corp. Founded 1982 Began trading publicly July 2004 CEO: Anthony K. Welch
MOTG is a technology acquisition and development company which builds revenue through acquiring companies, developing their products and services, and reducing costs by interlinking subsidiaries products and services.
Audited Revenues for the 6 months ended December 31, 2005: $3,120,624 Pro Forma Revenues 2006: $65,000,000 Audited Assets ending December 31, 2005: $9,679,117
Portfolio
MOTG owns 51% of Sound City, a high-end consumer electronics company. Sound City is rapidly expanding its footprint in the NY/NJ area and has opened 2 new stores in the last 6 months. Watch for news on this important MOTG-owned company as they are constantly announcing new contracts and product lines. The last Sound City contract was with T.G.I.Fridays for the installation of flatscreen televisions in 18 of their NY/NJ area restaurants.
H-Net is the most promising of MOTG’s acquisitions this year. H-net produces software used by virtually every major eyecare company in the US. Lenscrafters, Pearle Vision, Wal-Mart, and Macy’s eyecare centers are a few of the companies using the H-net technology. As part of its technology development initiative MOTG is working to introduce H-net to the medical industry and may be working on introducing it to the insurance industry as well. H-net is expected to produce revenue for MOTG in late 2006. It has been hinted at by CEO Welch that the H-net company may be a future spin-off with free shares going to MOTG stockholders. Watch for news of future H-net contracts as Welch pushes this technology into parallel industries.
MOTG acquired 51% of INmarketing Group late in calendar 2005. INmarketing is an online employee incentive and reward program with an impressive client base including Sharp Electronics, Nicklaus Golf Equipment, Waldbaums, A&P Supermarket, Bayer Diagnostics, Snapple Beverages, and, recently announced, St. Paul Travelers. INmarketing’s audited revenues for 2005 were $13.5m. INmarketing Group recently announced record revenue totals for the month of February. MOTG will report INmarketing’s revenues for the first time this May. Stay tuned for future contract announcements and revenue increases for INmarketing Group.
It may also be of interest to shareholders that MOTG CEO Anthony Welch is also the chairman of Energy Vision, Int’l, which MOTG also holds a $1.5 convertible note in. Energy Vision International, formerly DeMarco Systems, trades on the pinksheets under ticker symbol EGVI. Energy Vision Int’l owns an exclusive patent in providing heating and air conditioning through the thermal properties of managed water.
Welch has maintained several goals for his company Modern Technology Corp in 2006. Among these goals are being listed on a national exchange. This would bring MOTG off the bulletin board and onto the tech-heavy Nasdaq or American Stock Exchange.
Welch has also been speaking of "big" acquisition under consideration which would put revenues for MOTG close to $65m annually. While Welch is unable to comment on such a manuever or who the target of such an acquisition might be, message board talk has focused around the company Harvey Electronics. Harvey, currently listed on the Nasdaq under ticker symbol HRVE, has received repeated delisting notices from the Nasdaq for failure to maintain the minimum required $1.00/share price for listing. Seeing the unenviable financial state of HRVE, seeing the obvious ties between Harvey Electronics and MOTG subsidiary Sound City Electronics, noting that both Harvey and Sound City are located in the NY/NJ area, and noting that the two companies at one time shared an employee it is not too hard to discern that HRVE might be the target of MOTG’s acquisition. This is only a rumor however and has not been confirmed by management.
MOTG is approaching its 52 week low despite its highest assets and revenues since listing on the OTCBB. The revenues, though familiar to MOTG shareholders, have not yet been seen by the market. The quarter ending March 31, 2006 will reflect the increased revenues of MOTG’s acquisitions for the first time in a 10-QSB.
I'll keep it updated with news, rumors, and communications as I am made aware of them.
If anyone finds an error in the page please pm me and let me know. Also, if you have any suggestions for additions to the DD page please post here or pm me.
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