I posted this on MXNT...Opinions?
MXNT trading was so planned that it wasn't even funny!
I knew it was going down and I kept on putting that in the emails. I have seen it happen too many times. The stock was traded down until it hit the floor @ about $5. I was able to get in @ 5 1/4. I am very satisfied with this price. I think that even @ the open today @ 8, that it is still highly undervalued.
People have been buying this stock up for some reason for simply the Auction site. It has been running on that for a few days. Today was a Beta launch. I think the site is phenomenal. I have a few suggestions for them. It is very easy to use and they have some interseting technologies they are working on.
One of my favorites is the live audio/video auctions. Now, tell me that isn't cool! Live Internet auctions in Live Video and Audio! There are people that go to auctions for a job. Imagine if they can participate from home @ a live auction. Very neat.
Something else that I like is how many irons they have in the pot. This company has its foot in the door everywhere. They are releasing a lot of PR, but if you notice, it is always fresh stuff. They are signing alliances like crazy and developing new techonologies and businesses.
They have many portal sites. They are developing one in Russia, have one up and running in Canada (popular), Hong Kong, and a few other countries. Advertising revenues should be nice, being that they have soooo many sites.
Based on what I saw in PR, it appears that traffic to their sites have tripled. If they focused on this, it would gain a lot of attention to the stock price. The management tends to be focused on creative, interesting content. I do not really think they are concerned with the price of the stock. Obviously, there are decent insider holdings so they want it to go up, but it doesn't appear that they are focusing on IR. IT does not bother me with that as long as they focus on the biz. I know shareholders are important, but they are secondary to the actual biz.
I think the plans are to open a total of 50 sites. That is amazing in my opinons.
I think the Auction site is great. I highly suggest you go surf it and look around. Again, it is still in BETA release. This means it is still being developed and more stuff is being added. Feel free to email the management and suggest something. I am going to, after I really get into the thing.
I also like the Online Radio deal. This too is interesting. Another partnership they are doing. Man! These guys are busy folks!
Here are some great links. I will be happy to form a research report if there is a demand. When I got into this stock, there was just so much info easily accessible on the MXNT Thread, that I didn't even bother!
Message 8924999
Message 8893284
I highly suggest that you read those links. There are more, but these will get everyone started!
FM
I hold a postion in MXNT
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