Medifirst Solutions Inc. (fka MFST)

[AJH92]

3M buy took out the .0014s - .0015s up only 5M left - thin to .0020+/.0030+ - PR soon on future new business + name change + ticker change per CEO

[HNDRXX]

$MFST Merger Coming? 8K - New CEO Appointed. Mr Johnthan Cross

Authorized Shares 4,000,000,000 07/28/2021
Outstanding Shares 2,163,412,992 07/28/2021
Restricted 17,488,577 07/28/2021
Unrestricted 2,145,924,415 07/28/2021




"seasoned investor with over 33 years of experience in principal investing, domestic and cross boarder M&A and corporate restructuring"

https://www.otcmarkets.com/filing/html?id=15110142&guid=Y8pkk60g_CN4fth

https://www.linkedin.com/in/sheffordcapitalpartners

I have over 33 years of experience in principal investing, domestic and cross-border mergers & acquisitions, corporate finance and corporate restructuring, with key areas of expertise in mergers & acquisitions and capital formation.

I am Managing Director of the Private Equity Firm Shefford Capital Partners. We partner with, and provide capital to, small businesses to enable them to execute mergers and acquisitions strategies.

I fill my days by identifying, and initiating contact with, potential acquisitions, and then analyzing, negotiating, structuring, financing and closing transactions with a total focus on creating bigger, stronger, more profitable companies.

Expertise in:

Mergers & Acquisitions
Capital Formation
Small Business Finance
Reverse Mergers
Business Valuation

Industry Specialties:

Lawn & Landscape
Trucking
Staffing

[HNDRXX]

CEO should be bringing this comapny current before the dealdine

[HNDRXX]

Mr Johnathan cross has a background in Mergers

[HNDRXX]

seasoned investor with over 33 years of experience in principal investing, domestic and cross boarder M&A and corporate restructuring.

https://www.otcmarkets.com/filing/html?id=15110142&guid=Y8pkk60g_CN4fth

[HNDRXX]

$MFST New CEo appointed. Mr. Johnathan Cross

[rynlrt]

CEO says he doesn't recommend buying here and people are buying anyway

[AJH92]

Alert ! .0013s gone on 13M buy at .0013 - .0014s gone on 5M buy - .0015s up only 5M left - thin to .0020+ and indeed .01.

Developments ahead with new CEO + new business plan.

[Babubd]

Warming up for a Major BREAK-Out due at any moment! MFST is grossly undervalued, a load and hold, no brainer.

https://ih.advfn.com/stock-market/USOTC/medifirst-solutions-pk-MFST/stock-news/85667357/current-report-filing-8-k

https://ca.finance.yahoo.com/news/medifirst-solutions-engages-shefford-capital-130000507.html

[JonathanCross]

That is all I ask - root for me.

I am still expecting to issue a shareholder update this week. I can be reached at [e-mail] (hopefully, its okay with ihub that I post this).

Look, I am going to provide complete transparency - notice that my "alias" isn't an alias.

[zhj8485]

Please prove me wrong. I am rooting for you. Can shareholders get a hold of you? I thought a PR was supposed to be released this week?

[JonathanCross]

Actually, zhj8485, I do care; and if I was one to take the easy way out, I wouldn't have taken on this project.

My job is to create value and I am going to do everything I can to do that.

I intend to show you something here that you have never seen before.

Keep a close eye on the moves that are made.

[JonathanCross]

ToucanYoucan, I understand exactly what you are saying here.

I have been telling everyone on this board that things are going to probably get worse here before they get better - in essence: DO NOT BUY THIS STOCK.

Have you ever heard the CEO of a "Penny" tell you that?

The Rules Have Changed! Not just for MFST, but for all Pennies.

The days of the management of these Pennies using their companies as their personal piggy bank are over - watch.

[zhj8485]

That is my point!! This new CEO doesn't care. He will probably end up taking the easy way out. R/S us and wipe us all out

Good luck

[ToucanYoucan]

MFST - Extremely naive to believe any of these Pennies care about their "stockholders".

[zhj8485]

A reverse split is NOT needed. Increase the authorized shares! Get a business plan going and execute it's that simple this is crazy

[zhj8485]

Simple solution to the issue with toxic debt.

Increase the authorized shares to 5 billion, that will avoid the R/S. Instead of wiping out the shareholders, do that. Execute on the new business plan and provide shareholder value it's not that hard

[zhj8485]

Are you going to do a R/S????

[JonathanCross]

mdimport, we have a Shareholder Update coming out this week that will give you a clear picture of where we are taking things; of course, we want to put the company's past behind it, therefore, in a complete transformation, a name change, ticker change and corporate direction are all highly likely.

[mdimport]

Does a "complete transformation" include a name change, ticker change, and change in corporate business direction?

a company that is going to go through a complete transformation.

Thanks for keeping everyone more or less up to speed. It's a good leadership trait.

[JonathanCross]

Everyone, keep in mind that I have inherited, and you own shares in, or are trading shares in, a company that is going to go through a complete transformation.

As I have said before, things will probably get worse before it gets better. We will be focused on the company, restructuring it, much more than the stock price.

Also, keep in mind, if you are considering going long, that there are 2 BILLION share owned by TOXIC “SELLERS.” Downward pressure is there at all times.

[rynlrt]

Very interesting

[Babubd]

Slapping asks because BIG Things are Brewing Behind the Scenes!! MFST Board has appointed Mr. Jonathan Cross as Interim Chief Executive Officer and the sole member of the Board, effective immediately (the “CEO Appointment”).

Mr. Cross is a Managing Director at Shefford Capital Partners, LLC, a New York based Private Equity firm, and is a seasoned investor with over 33 years of experience in principal investing, domestic and cross boarder M&A and corporate restructuring! Just beautiful!!
https://ih.advfn.com/stock-market/USOTC/medifirst-solutions-pk-MFST/stock-news/85667357/current-report-filing-8-k

[AJH92]

Alert ! Running .0018 hod already from .0009 available earlier.

[AJH92]

New CEO appointed - Form 8-K filed July 26, 2021.
https://www.otcmarkets.com/filing/html?id=15110142&guid=UBWkkqQTZeFCWth

[Elwood1964]

Thank you and keep up the transparency…. Well appreciated !!!

[JonathanCross]

Thanks Elwood1964 - there is a lot of work to do here, and hopefully I can get done what needs to be done to right the ship and bring in someone as full time CEO.

One thing you will always get from me is full transparence - notice that my "alias" is not an alias.

Best of luck with all of your investments.

[Elwood1964]

Congrats Mr. Cross !!!

[JonathanCross]

Heads up today for an 8k.

[chief1978]

Will do.

[JonathanCross]

Yes, 2 Billion shares were issued in the last 16 months to TOXIC lenders.

[JonathanCross]

Understandable.The company needs a radical transformation and that takes time. Take a look in a few months, I believe you will be very impressed.

[rynlrt]

Because there's also 2 bill in convertible debt

[Phils Goodman]

[chief1978]

This can't be good no matter which way you look at it. Reverse splits, toxic debt, and a weak industry. I'm out.

[JonathanCross]

News is going to be delayed until early next week. I want everyone to understand that there is a lot of work to be done here and as I said before, things are likely to get worse before they get better.

The shareholders update will reveal everything.

[BigAlex]

Why is there talks about a RS? There’s only 2 Bil o/s…

[zeekhoe]

Are we still on track for news this week?

[DJSAMPLERT19]

If you haven't sold by now I suggest you do ASAP before the inevitable reverse split

[mdimport]

For sure $MFST needs a reverse split, but the size of the reverse split is unknown, as is capital raise requirements, what developments have taken place recently, etc.

[rynlrt]

Wouldn't be excited about it. More than likely it's for an RS. Unfortunately it's needed here

[mdimport]

Thanks for the heads up that there's imminent news.

Expect to see some news later this week.

[JonathanCross]

Expect to see some news later this week.

[rynlrt]

Well I'd expect to see an RS announced soon. This has a lot to dilute. I'll be a buyer after the RS settles

[JonathanCross]

Thanks. Best of luck to you too.

[mdimport]

Thanks.

I know what I would do, but I am curious to see what you do.

Best of luck

[AJH92]

Watch daily for filings to start to get OTC Current - looks like a bounce off the .0014 bid here - .0016 back up - thin all the way back to .0025 - already "blue sky" above .0021.

[JonathanCross]

You sound like a very astute individual.

Patience. All will be revealed and then it will be on us to execute.

[mdimport]

You have seen this before, so you know the choices in reality are limited. In a way it's how management philosophically approaches debt to drive its future.

Current management is in a stronger position with respect to its lenders than might be thought of at the outset. There are no net assets inside $MFST at this time, and there are no revenue generating assets. Means there is nothing of value for toxic lenders beyond issuing shares to satisfy their debts, and that depends on how willing management is to play ball.

Negotiated toxic debt: there have been cases where toxic lenders "accepted" debt retirements (cram downs), although never seen this coupled with share clawbacks.

As a thought experiment let's say 100% of all toxic debt was retired, it leaves 2.1 billion shares currently outstanding, so still would need a reverse split (granted its smaller because of the debt retirement). At this point the company has negotiated its past and determined what it wants its clean share structure to look like going forward (hopefully coupled with recapitalization plans in place).

Bankruptcy: bankruptcy in addition to resolving all debts has the added value of ensuring there are no other legal hidden landmines (unknown unknowns). Having come out of Chapter 11, why would the company not also wish to also tidy up its share structure?

Basically it's a commercial question for toxics as to how big a haircut they will get via the bankruptcy process vs giving up all the toxic debt and most of their shares.

Reverse split: A reverse split is a topical treatment not a cure. By itself the reverse split resolves only current share structure constraints when faced with mounting debt. It doesn't for example deal with past debts or future recapitalization needs. So toxic debt holders have room to flood the market with new shares to satisfy their debts, and the company needs to issue additional debt to recapitalize.

either negotiate with the TOXIC lenders to retire their debt and claw back share; file bankruptcy; or, execute a reverse split.

[JonathanCross]

As I have said numerous times: with 2 Billion shares outstanding, the majority of which are in the hands of people who destroy companies - TOXIC lenders, "obviously something has to be done."

We can pursue one of three evenly balanced, and equally favorable, courses of action with respect to dealing with the company's sins of the past: either negotiate with the TOXIC lenders to retire their debt and claw back share; file bankruptcy; or, execute a reverse split.

We aren't "hiding" anything. We simply haven't determined which way to go yet.

What I can tell you, with absolute certainty, is what you will get from us is a level of professionalism and an approach to this business that you have never seen in any OTCMarkets company.