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Author Topic: MODC: 509% revenue increase, low float, & looking for acquisitions!
djg7
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Bid 1 x .12 1 x .106 2 x .10

Ask 2 x .14 1 x .15 1 x .18

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WarpedMind
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thanks

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WarpedMind
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where are all my buds???

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Madge
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Waiting....

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Trust but verify!

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WarpedMind
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Ugh. Stupid MMs.

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WarpedMind
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FYI, my source says that MODC is really focused on promoting the cancer system... expect a PR announcing another interview done yesterday. And, yes, they are also approaching the major news channels and plan on some air time with each.

Let's hope this all pans out.

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bobcat88
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Something just doesnt seem right about the purchase price of a multi-billion dollar cancer detection system, $500k for all the assets and the intellectual property rights? I would figure that there would be well over the 500k in assets alone for a cancer reasearch lab. Any insight on this?

The current contemplated material terms of the Letter of Intent are as follows:


-- 100% of the existing physical assets, intellectual property rights,
and current value of Boveran's assets

-- Purchase Price: $500,000 paid in Convertible Preferred Stock to
Boveran.

-- Anticipated Closing Date: October 15, 2006. Pending all legal
review, due diligence review, and approval. If such approval occurs
after such date, then closing shall take place as soon as possible.

-- Purchase Terms: $500,000 Paid to Boveran's stockholders in the form
of a Convertible Preferred Stock with conversion terms and
schedules to be agreed upon by the Parties within a reasonable
time and with reasonable terms concurrently to or subsequent to
the execution of the contemplated Definitive Asset Purchase
Agreement.

-- Formal relationship with Duesberg Cancer Lab: The acquisition of
Boveran contemplates the support of Peter Duesberg's cancer
research. Insight Medical Group will provide ongoing financial
support to Peter Duesberg's lab as reasonably determined by Insight
Medical Group and Duesberg. Peter Duesberg's lab agrees to work
closely with Insight Medical Group to improve products and
technology.

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WarpedMind
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Good points... Could you shoot AW an email and see how he responds and report back?

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bobcat88
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I'll email him again but from my experience (unlike others on here) I never get a response. I have emailed on 4 occasions over the last year and never gotten a reply.

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WarpedMind
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Just a thought...

from my experience (he always returns my emails), you should keep your email brief and to the point. If I have a bunch of questions, I'll ask him a couple brief ones and save the others for separate emails. He probably doesn't have the time to read every long email and reply in depth. Just my observations. My emails are usually only a couple sentences long, at most. If there are any longer, the replies are not always as complete as I'd like them.

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binsleep
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bobcat, I've emailed him plenty of times without a response. I haven't emailed recently, but he has responded to me a couple of times. Good luck [Smile]
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WarpedMind
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hey bin... where you, uh, bin (been)?

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binsleep
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Yes, I agree Warped, brief is best.

Remember, he is a pretty busy guy and doesn't have time to read through lengthy emails, much less respond to all of them.

Hope this helps.

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binsleep
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quote:
Originally posted by WarpedMind:
hey bin... where you, uh, bin (been)?

I've been pretty busy. Unfortunately, I haven't been able to really keep up on my investments as much as I'd like to. I just try to take a peek at what's going on every once in awhile. Glad to see we are finally making some progress here! It would be nice to get even remotely close to the pre-split price at some point!
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binsleep
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Anyone know if tech is still around? I need an A/C Compressor for my truck [Wink]
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msholdem
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With all the talk about emails today i thought some of you might want to check out this neat site. 'didtheyreadit.com'
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bobcat88
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Just sitting here "working away" and in comes an email from Modern Technology Corp, not a reply though. Just a IR email about last weeks news. I cant believe they dont have a dist. list for emails, the email I have has all of the email addresses that the PR was sent to, can just see some spam mail coming from someone doing a reply all.

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binsleep
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I got the same email. I've been on this list for over a year now and this is the first email I've ever received. Hmmm...could this be a sign?
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binsleep
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Just a thought, but did you happen to notice who sent that email?

Colin Inker, the Managing Director for Europe, Middle East, and Africa.

Now, the question is, why would Mr. Inker be sending out that email and not Meghan or a generic IR email address? My guess is he's either very bored, or very excited about the international scope of the most recent news.

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binsleep
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If you didn't listen to the interview on Wallst.net with Dr. Rasnick, I highly suggest you do. Aside from the fact that it sounded like they were building an arc in the background, some of the questions that have been asked here were answered.

Some highlights:

The Boveran Cancer Detection system does NOT require FDA approval, however, they may go that route in the future.

Dr. Rasnick has been working on this theory for the past 10 years and feels VERY confident that they are close to understanding cancer (contradictory to what we are told in the media). He referred to this discovery as "monumental" and feels that this area of research has just begun to get attention.

There is NO money flowing into this area of research presently because this area has been overlooked by the organizations who are responsible for determining which direction cancer research should be heading.

There was a bunch more, but I'll leave that as an exercise for the reader. Much as Warped has already pointed out, I would think that Modern is going to be spending a great deal of time and energy on getting this out there.

Whether or not it has a positive effect on the share price remains to be seen.

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WarpedMind
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I too highly recommend the interview. Also, Google Dr. Rasnick... you'll see that he is VERY well-known and respected in the health field. The only negative thing I could find about him is something about him associating himself with Berkley, who apparently has disassociated themselves from him... but that's all probably political stuff... step on someone's toes or have a falling out or be a renegade and things like this happen. I'd be curious to know what happened, but it's not that important. Everything else I can find on him tells me his is definitely the real deal. He obviously is a solid expert in this field and I am personally very excited.

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bobcat88
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I know that things are looking very positive but man am I having a hard time deciding whether or not do dump more money on this to average down. I mean, c'mon, I'm down like 95%. What are you guys doing? Kissing the money out already goodbye and starting over like they are a new stock?

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WarpedMind
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Hard call. I guess the big question is do you think it'll come back down from here (or whenever you sell). If so, you can always sell, wait/hope/pray that it drops some, and then buy back in and just keep doing that. If you think it'll spike, ride it.

Personally, I will probably pull some (or all... dunno for sure) when I think this is leveling off and before the next Q. If everything still looks good, I might jump in after the Q (if there as an E and the price drops). I still believe in the company, especially now... I'm actually excited about it again. But I'm in need of some of the money that I'd normally trade, so I'm not sure what I'm gonna do.

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msholdem
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Dr. Rasnick did state in the interview that the pre-clinical testing was done in 2000, that was 6 years ago. I would think that if the 'World's Most Accurate Cancer Detection System' was marketable and capable of producing the 'Projected Revenues', it would be in use already.
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WarpedMind
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North,

Do you own any shares of MODG?

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bobcat88
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quote:
Originally posted by northwoods:
Dr. Rasnick did state in the interview that the pre-clinical testing was done in 2000, that was 6 years ago. I would think that if the 'World's Most Accurate Cancer Detection System' was marketable and capable of producing the 'Projected Revenues', it would be in use already.

Guess we are all screwed then, oh well. Can you at least tell us what side of the fence you are on with this? Bashing or pumping, stockholder or wanna be stockholder?

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msholdem
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I am holding shares, but not as much as i did in the past. I have not bought any in months. I think AW needs to address past issues and try to restore investor confidence before moving forward.
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binsleep
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Warped, your private box is full again. [Razz]
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Sorry. Try now.

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binsleep
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Warped: INCOMING! [Big Grin]
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PR... AW is workin' it. Keep it comin' AW!


Dr. David Rasnick, Ph.D. and Modern Technology Chairman, Anthony Welch, Interviewed by Knobias on the Boveran Cancer Detection System

OXFORD, Miss., Oct. 16, 2006 (PRIMEZONE) -- Modern Technology Corp. (OTCBB:MODC), a diversified technology development and acquisition company, announced today its Chairman and Dr. Rasnick were interviewed by the editor and lead writers of the financial information services organization Knobias.

To obtain a full copy of the Knobias interview, go to: http://www.knobias.com/front/product/clipreport/screenshots/index.htm

New subscribers to Knobias will have to sign up for the Clip Report to receive a free copy.

The Boveran Cancer Detection System is the only system in the world that detects the single trait common to all forms of cancer. This trait is not found in any healthy cell. The system rapidly and accurately identifies cancer at any stage in its development and also identifies healthy cancer-free cells in the same test. The system is unique in the world and can be applied to any form of cell sample suspected of cancer and return a reliable test result within minutes. The system completely eliminates heretofore unreliable, subjective, and error-prone pathology diagnosis of cancer and delivers an automated and completely objective measurement of the presence or absence of cancer with the highest accuracy rate of any diagnostic technology in the world. The Boveran system is the first and only system in the world that can accurately detect and assess the chromosomal imbalance of cancer. This ability allows the system to quickly and accurately identify both cancerous and non-cancerous cells.

About Insight Medical Group

Insight Medical Group is a specialized biosciences development company whose mission is to bring world-changing medical technology and research to market in the areas of cancer and AIDS. The Boveran Cancer Detection System was invented by Dr. David Rasnick, Ph.D. The chromosomal imbalance theory is the result of 45 years of combined cancer research by Dr. David Rasnick, Ph.D and Dr. Peter Duesberg, Ph.D., who continues his studies on cancer research at the University of California, Berkley.

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. MODC improves operating efficiencies through the elimination of cost redundancies and realized synergy between subsidiaries.

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.

CONTACT: Modern Technology Corp.
Investor Relations
(601) 213 3629


Source: PrimeZone (October 16, 2006 - 10:28 AM EST)

News by QuoteMedia
www.quotemedia.com

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WarpedMind
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This is interesting... the interview says that MODC is considering moving their offices to the Bahamas to expedite entry into international markets. Would it matter or make much difference? I'm curious... anyone know?

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We're up 25% today so far since the interview! Let's hope it runs a little.

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Up 31.25%. Yeah baby. Keep it comin'.

Am I the only MODC loyal out here today?

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msholdem
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No comments from anyone? "I think AW needs to address past issues and try to restore investor confidence before moving forward".
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