Medifirst Solutions Inc. (fka MFST)

[mdimport]

There is no benefit to the incoming operating company to start its life with billions of shares outstanding and a mountain of toxicity hanging over its head.

Hiding the reverse split for a few days or weeks achieves nothing. So while the size may not be known at this time, all the factors leading into the need to effect a reverse split are already known.

It's more intellectually honest to be upfront IMO.

[mdimport]

I was thinking more about the reverse split.

Since its inevitable, $MFST can address it in the next PR. Something to the extent of "management has determined Medifirst requires a reverse split as part of its future recapitalization and growth plans although the size of the reverse split has not been determined at this time."

Basically rip off the bandaid and begin to position the company for the post reverse split era.

The new management team shouldn't carry on the multibillion share farce and it may as well be upfront with current and prospective shareholders.

Even if there wasn't toxic debt, $MFST is overdue for a reverse split. The toxic debt is just added momentum for Tom Griffin to take decisive action.

[JonathanCross]

While we certainly understand the ramifications of a reverse split, there are only a few options available. There were 2 Billion shares issued to TOXIC lenders.

We are exploring all options and will do what is best in the long run.

[zeekhoe]

I will say that anything to do with an RS in a turnaround story would be disappointing.

I know I'm only one shareholder but had to make it known. I realize there's a plan in motion though.

[AJH92]

News - July 8. Medifirst Solutions Engages Shefford Capital Management to Plan its Turnaround.

https://www.otcmarkets.com/stock/MFST/news/story?e&id=1939476

[JonathanCross]

As Tom said in the press release, we will be providing a shareholder update in the “near future.” We are working to be able to provide it sooner rather than later.

[DJPennyTrader]

I am under the assumption (per todays PR), that you will be updating the market next week with another formal PR?

[zeekhoe]

so sounds like you may favor the RS option to smoke out these toxic shares and thereby decreasing the authorized shares as well.

not sure how i feel about that, but i'm not management. i know you said it would be cleared up in the next shareholder update, but i know what i would like to see as a shareholder.

[JonathanCross]

I completely agree, the shares outstanding on these companies is ridiculous. You won't see anything like that where we are involved.

[JonathanCross]

We will do what's best for the shareholders long term. Thanks for the optimism.

[mdimport]

Thanks.

We are devising our plan to deal with the Toxic lenders.

I hope the stock is reverse split somewhere in the range of 1:100 and 1:200 after the toxic debt has all been dealt with. That should place the new O/S somewhere in the range of 20-40 million, which is more appropriate if the new $MFST isn't a pump and dump.

IMO its not necessary for these OTC stocks to have billions of shares outstanding. It invites penny stock manipulation.

We can agree to disagree on this, because they should have acted years ago but turned a blind eye for whatever reason(s).

Thankfully, the SEC is helping a little with what they are doing.
© 2021 InvestorsHub.com, Inc.

[zeekhoe]

thanks, i'm hopeful we can push forward without the need for RS. With the new changes coming to MFST, with yourself and Thomas Griffin, i think there's a heck of story to be told and value to come if people realize what's going on with you guys now at the helm.

I'm optimistic with you guys leading the way.

[JonathanCross]

We are considering all strategic options and our plan will be revealed in the shareholder update. I can't be more specific than that at this time.

[zeekhoe]

with this possible dilution coming, do you envision Thomas or yourself considering a reverse split to counter these shares?

or could this be dealt with in a different way?

[JonathanCross]

We are devising our plan to deal with the Toxic lenders. Thankfully, the SEC is helping a little with what they are doing.

[JonathanCross]

It is going to take time and e everyone needs to understand things may get worse (for the stock price) before it gets better. There are 2 Billion +/- shares looking to come onto the market.

[mdimport]

Can a Section 368 or 351 be used to remove everything including the debt?

The plan is to divest whatever is real and attempt to capture whatever value there is

[rynlrt]

Seems like phenomenal news to me. Taking a company in debt and turning it into something with real value

[JonathanCross]

The plan is to divest whatever is real and attempt to capture whatever value there is, keeping in mind there have been no revenues from these projects, and yes, move into the entertainment production services industry. Tom has deep domain knowledge in the area.

[zeekhoe]

all the biopharm stuff will be obsolete or sold off? Looks like Tom has way different projects and plans in mind for this, especially if the plan is to go into entertainment production services.

[JonathanCross]

We really appreciate that chief1978 and we don't take it lightly.

What you will get from us, Shefford and Tom Griffin, is complete transparency and accountability, and we are rolling up our sleeves to create a company investors can be proud of owning.

[chief1978]

I see this as a great opportunity for all of us and fully support your efforts.

[JonathanCross]

That is our understanding as well.

[mdimport]

Supposedly the technology was developed by the CEO's son while in university.

[JonathanCross]

What we know right now is that the technology was "owned" by the CEO's son, and the FDA 510(k) is "owned" by MFST. What this means in the end we are determining.

This is all public information.

[mdimport]

Probably worthwhile trying to reach Ronald Rubin.

https://www.oraloncologist.com/about

[mdimport]

Medical Lasers Manufacturer Inc. is supposedly the technology holder

https://www.otcmarkets.com/filing/html?id=10878468&guid=tJTkkHyRjQNEath

behind the Time Machine TTML-8102000 Laser Thermal Therapeutic Device

https://www.otcmarkets.com/filing/html?id=11640160&guid=tJTkkHyRjQNEath

Medifirst has filed for FDA 510(k) approval and is currently under review for a mobile hand-held Green and Infrared Laser device. The Green Laser is indicated for use for the treatment of Pigmented Lesions, Lentigines, Vascular Lesions and Telangiectasias. The Infrared Laser 810/830nmis ideally utilized to provide temporary relief of minor muscle, joint pain and muscle spasm. It temporary increases local blood circulation and therefore a relaxation of muscles. The treatment protocol called The Time Machine Program and is designed for anti-aging and skin care and repair related applications. The lasers are easy to use, light-weight, hand-held units that are specially designed so the patient experience no down time and no extensive recovery period. For healthcare professionals, they are affordable, portable and versatile. Medifirst Solutions will bring to market a unique laser device that is effective and easily affordable to a multitude of healthcare professionals The Time Machine Program is a valuable business building tool. By taking advantage of the many opportunities there are to promote a practice, a healthcare business can turn this investment into new patients, new procedures and new profits. As healthcare businesses develop their knowledge of diagnosis and application, they can realize ways to expand their patient base and catalog of in-office procedures as they integrate the program in to their practice.

In August 2015, under the terms of an Agreement and Plan of Reorganization,, the Company acquired 100% of the issued and outstanding common stock of Medical Lasers Manufacturer, Inc. ("MLM") from Bruce Schoengood, the President of the Company, in exchange for 20,000 common shares of the Company’s common stock which were valued at $0.015 per share. On August 21, 2015, under the terms of a Trademark Assignment Agreement, MLM acquired the trademark “The Time Machine Program” from the Bruce Schoengood’s son for $20,000 due 90 days from the date of the assignment. Due to the uncertainty of future cash flows from the trademark management has deemed it to be impaired and has recorded an impairment expense of $20,000 at September 30, 2015.



https://www.otcmarkets.com/filing/html?id=11028546&guid=tJTkkHyRjQNEath

[JonathanCross]

Yes, I am the Managing Director of Shefford Capital Management and Shefford Capital Partners.

Web Site

[JonathanCross]

We are taking the deep dive now, but haven't seen anything on it other than the press release. We aren't holding out any hope that it was real.

[chief1978]

So you are affiliated with them then? I see your name on the press release today.

[zeekhoe]

JC, so the breast cancer device, the pending FDA trials and such...is this still in discovery mode as to what is legit or what's not?

obviously the previous ceo pinned his hopes and pump on it, wondering if that was just bs.

[JonathanCross]

My pleasure zeekhoe. Reach out any time.

[JonathanCross]

It is. We are in the process of learning what is real and what is not.

[zeekhoe]

thanks JC, glad to see there's a real effort to clean up the mess from prior management.

[JonathanCross]

From todays press release:

Mr. Griffin also stated "the Company is planning to release a shareholder update in the near future to outline its turnaround plans, which includes bringing the Company current on all filings with the SEC while divesting its minimal operations and moving into the entertainment production services industry."

We expect to provide the shareholder update sometime next week. All should be revealed then.

[mdimport]

Is this entity still tied to $MFST?

NCAGE Code: 87EM6
MEDICAL LASERS MANUFACTURER INC.
Ex-CEO's son: https://www.laserlabcorp.com/team-4



https://eportal.nspa.nato.int/AC135Public/CageTool/cage-view/87EM6

[zeekhoe]

interested to see what Thomas G. has planned here.

Do you have a time table for filings? I am assuming you are in contact with the SEC to keep them abreast of filing plans and such.

glad to see u here at MFST, hoping for the best.

[JonathanCross]

The SEC is #1 on my speed dial. This simply can not go on. Stay tuned; we're not saying it is going to be easy to stop it, but it can be done.

I can assure you this: there will be no more games played with Medifirst.

[mdimport]

There are a few others with a similar intent. George Sharp comes to mind. But yes, its one company at a time.

We intend to put an end to the pump and dump schemes and OTCMarkets company managements' using companies was their own personal piggy banks. It has to be done one company at a time; it starts with Medifirst Solutions, Inc. and it starts today.

The SEC failed OTC investors IMO. No idea if its deliberate policy or just because they didn't care, but it still resulted in the same impacts to investors and traders and their personal wealth formation.

Time will tell.

[JonathanCross]

You know, it is a shame. We intend to put an end to the pump and dump schemes and OTCMarkets company managements' using companies was their own personal piggy banks. It has to be done one company at a time; it starts with Medifirst Solutions, Inc. and it starts today.

You can count on only the facts from us and any CEO we work with.

[mdimport]

Its a shame how many OTC companies lie to their investors and get away with it. Hopefully Tom Griffin is actually better. One way to know is the traders on here won't support him, ironically.

[chief1978]

https://www.stocktitan.net/news/MFST/medifirst-solutions-engages-shefford-capital-management-to-plan-its-6k8rin1avfia.html

[JonathanCross]

That is correct. Below is an excerpt from the press release that basically states that. A complete shareholder update will be coming very soon.

About Medifirst Solutions, Inc.
Medifirst Solutions, Inc. currently has no significant operations and is a company under reconstruction.

[mdimport]

$MFST is an interesting challenge. That's for sure.

I assume there is nothing of any worth inside the Bruce Schoengood side of the operation. I mean essentially a blank shell with loads of toxic debt. Something to that effect...?

[JonathanCross]

mdimport, I am that Jonathan Cross.

[mdimport]

This press release?



https://www.otcmarkets.com/stock/MFST/news/story?e&id=1939476

[JonathanCross]

You have to take everything from the past about this company with a grain of salt; remember, the previous CEO was arrested for securities fraud.

We have taken a deep dive in the company's operations and have found nothing in reference to the things mentioned in this press release from February.

[JonathanCross]

Watch for a press release this morning relevant to yesterday's 8k.

[chief1978]

https://finance.yahoo.com/news/medifirst-solutions-announces-clinical-study-153000298.html#click=https://t.co/1IJ367rowi

[chief1978]

Definitely so. We see pennies as the company works to get current and start the clinical trial.