Due Diligence for Investors in Metatron, Inc.
We have linked two MRNJ press releases below. The August PR details a letter of intent to acquire Juiced Up, Inc. a purveyor of cold pressed coffee and juice drinks along with updates on the company’s plans and milestones. The second press release announces the release of 60 new cloud based mobile apps bringing their total to over 700 apps for sale. The Quarterly Report linked below give the company financial statements for the period ending June 30, 2015. The Barchart analysis has all the company key statistics and current data.
Our View: For a company with 700+ apps for sale MRNJ doesn’t have a lot of revenue, only $27 thousand for the first six months of this year. In 2014 the company had $330 thousand in revenue during the first six months and generated a profit. Not so this year. The company’s also listed virtually no cash on their balance sheet.
MRNJ lists $1.2 million in assets as the cost of acquisitions it’s made but those acquisitions don’t appear to have been fruitful yet. In June MRNJ listed a float of only 54 thousand shares and outstanding shares of 61 thousand, yet 6.8 million shares traded yesterday so something in the company’s share structure must have changed.
We will wait to see updated information on the company before forming an opinion. Having 700+ mobile apps for sale is quite intriguing but they need to give an explanation for the drop in revenue.
MRNJ – Quarterly Report – August 11, 2015
Metatron, Inc. – Press Release – November 2, 2015
Barchart.com – Analysis – November 2, 2015
MRNJ – Press Release – August 28, 2015
Our reports/releases are a commercial advertisement and are for general information purposes only. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use. Broadstreetalerts.com has not been compensated in any form by any entity for information shared on this post.
PLEASE NOTE: Broadstreetalerts.com and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold Broadstreetalerts.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Broadstreetalerts.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and Broadstreetalerts.com makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead Broadstreetalerts.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. Broadstreetalerts.com is compliant with the Can Spam Act of 2003. Broadstreetalerts.com does not offer such advice or analysis, and Broadstreetalerts.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.
In preparing this publication, Broadstreetalerts.com has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, Broadstreetalerts.com com and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. Broadstreetalerts.com is not responsible for any claims made by the companies advertised herein, nor is Broadstreetalerts.com responsible for any other promotional firm, its program or its structure.