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I'm long on Mediswipe simply because I think

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mayflyday Member Level  Tuesday, 12/17/13 12:54:36 PM
Re: None
Post # of 68014 
I'm long on Mediswipe simply because I think they have a good plan that is being executed well by smart people in the right climate.

First and foremost, MWIP's industry is a highly lucrative one and their plan to offer HIPPA compliant patient management, online/mobile credit card processing and a system that's conducive for use with vending/kiosks are all solid business initiatives. Check out the companies who offer related services like Dragon, e-Records, EMDS and PMP to see how big this industry is and how MWIP has no direct competitors with their MMJ niche due to specialized MMJ laws. I also happen to think that MWIP's products are superior to the offerings of those aforementioned companies simply based on the mobile access to MMJ payment and patient management systems.

As a serial entrepreneur, I feel that I understand what MF has been trying to accomplish this past year. MWIP needed products and they were made. They needed more gas in the tank and venture capital was secured. They're even doing a little moonlighting as a bev and pkg company to help pay the bills. Most importantly, MF has created options for this company to prosper. Splitting off 800Commerce to do a leg up reverse merger... forming a strategic partnership with MedBox... setting the company up for an acquisition by an organization with deeper pockets... doing business with banks in Canada... or simply waiting it out for the feds to allow banks to do business with MMJ companies in the US to secure MMJ dispensary/patient business and/or land a nice government contract... any of these paths could have us looking back and laughing at how we were stressed out over a penny up or down.

Finally, MWIP has been more straight forward, transparent and business-like than most of the other public MMJ companies. I just don't see as many red flags and think MF is giving it his best efforts.

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