Amen to that. It's sad. Vento and the Board do not have any idea whatsoever of what it takes to be in the IT industry. I believe they thought this was a 'telecom' company, and their skills and knowledge would make this easy for them. But the world is beyond traditional telecom. This stock is getting crushed simply because this team can't even roll out SMS on Android. It should have been accomplished at least a year ago. They could have snagged a huge user base if they rolled out SMS and now have been either bought out or innovating even further if they had a simple idea of how an Information Technology business runs. I don't know what to say anymore. I sound like a broken record when it comes to SMS and lack of innovation. I might just average down further soon and get out of this company completely. It's sad because this company had so much potential.
"The problem currently is lost of trust of the management mainly due to their broken promises."
Yes. I share your other sentiments as well. Shorts are brutal on this stock, and perhaps its personal. Who knows. The only way management beats them is to go private or innovate like crazy. Hindsight is always 20-20.
jj_js_007 why did you reply to me? Anyway, thanks for the good financial clarifications. Good stuff! I firmly believe this stock is now more than ever under a short attack. So tired of this and trying to defend the company.
"Any serious investor who listens to the scribblings of SA propagandists deserves to lose money." - As a general rule, I agree with that also. But the problem is here we are at $7.16/share. This is a big problem. I can only say it creates a buying opportunity.
"Well I would love to take a look at the beta. I follow the board pretty closely but I did not see a posting for how to get it."
Sort by newest messages in this forum. It's on Page 2.
"Where did you get the android app with SMS beta from?"
I reached out to someone in fact on this forum who helped me reach out to get the beta app. I think they deleted their earlier comments, so I don't want to release their comments. But so far the Android app with SMS looks great (my opinion). I just hope they release it soon.
Well it's not being successful. Sadly, there is simply a disconnect between investors and management. Management is failing to define a vision. Even though I see it, they are not communicating it to investors. Laughing on the last investors call about delays. And yet, they did delay.
Which by the way, I did successfully get the beta Android app with SMS texting working. But I still don't understand their delay in rolling it out to the general public. At least rolling out something is better than nothing.
I guess it's safe to say those 3 million shares bought were not from a short squeeze.buyer. Sadly and strangly it doesn't have much effect of today's stock price. Only up 2% on 81,000 share volume so far today? Shouldn't it go up like at least 10%? This is ridiculous.
"Singapore. MJ to MJ SMS works here. I am going to try some more experiments sending SMS to friends in the US. I cannot receive SMS for certain. But it could be some setup problem."
I lived in Singapore for many years. They don't block internet traffic as much as China does. I would try calling the MJ tech support to have them get you fixed.
"I doubt that's happening. Did the OP say what country he's in? I recall China blocks some internet traffic. "
Excellent point. whtthe - what country/region are you at in Asia? And very interesting *if* China is blocking the MJ app from SMS texting.
"I agree it should not matter. its a US number I've had with MJ for over 3 years. I can only receive text messages from other MJ users. Totally sucks because I could really make use of text messages."
I am suspicious of your statements here. I have no problem sending/receiving SMS messages from my Sprint mobile phone to my MJ number and vice versa. The fact that you said you can only receive text messages from other MJ users tells me that you are not able to understand the difference between peer to peer texting and SMS. And you might possibly be trying to paint the SMS text feature as peer to peer texting for potential investors, which is not the case at all.
"Dave, are you in Asia? Yes the app is wide open, I use it every day for phone calls to the US. Have never received an SMS from a USA located phone and I have verified that the SMS was attempted."
Shouldn't matter if my MJ app is connecting via wifi in Asia, North America, or the moon for that matter. Is your MJ number a USA number?
"Confirmed - its broken. Cannot receive SMS from USA to PAID FOR MJ app on iPhone in Asia."
Worked for me just now. You must have the MJ app open & running for it to work. That's probably your problem.
"What's disturbing to me is how Vento laughed about being late. I think that says something about his character. If he misses every date he sets, that's incompetence."
Totally agree. It's valuable insight into his thinking when he laughed. It either means he doesn't care what investors think about innovation, and/or he is not competent with software development. The current stock price is 10 times below it's true potential with the right innovator at the helm... Time they get busy.
"Mary invited me to beta test the Android App."
How can I as an independent investor beta test the Android app? (Is that possible?) Of course having SMS on the Android & iPhone app has a tremendous value! Sadly there are those that disagreed with me all this time. Perhaps including management who are shameless in not making SMS a priority. Totally agree with your opinion on the apps potential.
"Wasn't YMAX, as a carrier, able to get numbers so that this development does not impact MJ to the extent it does Vonage?"
This would be a great selling point to a potential acquirer, such as Dish Networks.
"This is why I don't think Vento's expected departure in a few months won't be that positive. I think the whole board are numbskulls."
Disagree. By every measurement, this company has declined under Vento's leadership. Think about that. I don't see him resigning or being let go. I think he is a reflection of the Board. They prioritized the share buyback before prioritizing SMS in the apps.
What I gleaned is that the company wants to tie Vento's bonus to having certain revenue goals met. Ok, great. But the bad is why didn't they do something like this earlier and make monetizing the app a higher priority? Because they all are late to the show with SMS. They should sell the company to Dish and present Dish a path to further their telephony offerings by providing voice + SMS + a phone number on the Dish mobile network using the app as a starting point. It would be millions of dollars cheaper than Dish buying T-mobile, or it could compliment the T-mobile merger by offering T-mobile users a cheaper alternative to their current mobile and home plans. But does the current management have the aggressive innovate insight to sell themselves to someone like Dish? Probably not. But if anyone in management is reading this, grow some balls. This company is still a gold mine if they just dig.
"I think Vento is getting squeezed out"
I guess I was wrong. Just received my proxy today. Sad. I don't like Vento or Burns at this point. But I did notice how they are tying earnings to his yearly bonus. On the surface, this is good. But if Vento was serious about earnings, they would have made SMS a priority on the app long ago. I'm against some of the proposals, and the leaders of the company fail every time to meet their own deadlines and innovate.