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hear*
I always try to stay positive, but I have nothing good to say about this CEO.
Yea, I agree with you ORCA, you were right all along. We all put our trust and faith in the CEO and he let us down, myself included. You have every right to say anything you want to about the CEO now, you won't here me disagreeing with you.
Trust me, I'm buying ;)
You may be right ORCA, either way nothing we can do about it. We just have to roll with the punches and hope for the best.
KirraShrimp you were spot on with everything you said, I couldn't have said it any better.
According to Mark, yes, it was done before he took over.
Ding ding ding. We all know who is stacking the ask. Far from dead, just being manipulated at the moment. I have L2 so I see exactly whats going on.
Great post, definitely needed at this time.
Hopefully we will get a bit more clarity as time goes by.
Also to tie into the email I received from Mark this morning, I believe the 1Q fins should be released soon imho. Once the 1Q fins are release we we should see the discrepancy reflected on there. Regarding the hard money lending, it seems to add up in my opinion if you go back and take a look at the previous fins, MEDH has been doing this since Mark took over as CEO and you can see this reflected in the fins. It seems to add up imho. If any mods would like to sticky the response I posted from Mark please feel free to do so, I think it would be beneficial to for anyone with similar questions about the fins. Thanks, GLTA
This is all definitely a messy situation to say the least, but there's no need for that here. Lets keep our wits and try to keep it civil.
Here is a response to the email I sent mark earlier this morning regarding the discrepancy in the fins, more specifically in response to:
"Profit was 1.7M after 9 mos and cut in half last qtr. Revenue is less at year end than 3 months earlier."
"Al,
The annual is unaudited, the total gross sales on the year is 2.9mil, there were accounts receivable uncollected end of 2018 that were collected 1st qtr 2019, because we are cash based accounting we cannot add in accounts receivable in the year end.
That is the discrepancy.
We also do hard money lending with profits to other contractors and home flippers to build profits on profits, this is why cash on hand or year end is lower.
One last piece to add, these debts that were converted were done in 2016 by Kathleen Roberton, these aren't my debts, I did not make these deals. But, in the end, the company is responsible for them and they must be paid out.
I will not be issuing a formal statement in regards to this, feel free to share my response."
Agreed. All the selling pressure definitely makes sense now. It's unfortunate. I think that if Mark can clear things up regarding the fins we can get there fairly quickly.
And selling such large chunks of shares.
That would be nice, lets hope for a bounce back. Hopefully Mark will clear some things up and get us back on track.
Yea we'll see.
Huge fins, over 1M volume in 30min on open, and were only up 2%, someone is CLEARLY suppressing the price to load up, and once they're done loading they'll let it fly. Whoever is doing this is trash and it's clear to an experienced trader what your doing. PPL don't sell your shares to this piece of trash cheap, make them pay a premium.
Everyone be smart and don't sell your shares cheap, it's clear someone has a lot of shares and are using those shares to create a large sell wall to suppress the price and push it down, and to scare ppl into selling their shares so they can load up on the cheap. Whoever is doing this is a pos, so don't sell them your shares cheap. If they want to load up make them buy and load in the .03s.
Many traders are foolish traders, I say let the foolish sell cheap, they will regret once price hits .06 cents and beyond.
Raise those asks boys, based on fins no one should be selling under 6 cents.
Huge volume.
If ppl are smart they'll move their ask much much higher.
Huge buying volume. That's definitely a good sign. Know what you own, don't sell cheap.
If the fins are good like we all hope, they won't be for long.
Guess that's why those 800 trades went through yesterday. 800 - Prepare for an increase in trading volume.
NICE!
Good morning UOENO, lets hope for some fins today.
Nice buying today.I think everyone understands what they have in MEDH so not many selling at these levels. I think fins are bound to drop any day now and I'm looking forward to them, I believe us longs will be pretty happy. C u guys at a much higher share price. GLTA
I agree
Good morning, lets see what the day brings
There will also be fireworks once the fins drop. Mark and MedH have been making moves...
nice, welcome.
I agree. GLTA MEDH longs #bullish
Hahaha, Mark's just showing out now lol
HAHAHA cheeky, I love it.
Me like...now the fun starts :)
Good morning JettaR,
No not lately. I'm patiently waiting for news as we all are. While it certainly is disappointing that the fins have not yet been posted, I think patience is key here. I can only speak on my background and experiences. I learned a lot the past 2 years trading crypto and now I take those lessons and apply here, trading stocks again.
While trading crypto I interacted with some of the worst kinds of ppl, most off the ppl trading crypto are scammers and con artist. While I can say that one email conversation with Mark doen't mean I know him, and really doesn't mean much, he seemed like an ok guy. I'll say he is very "blue collar," in actions, and in mentality. Since Mark is the CEO of this company I think it's important to understand that, because blue collar guys operate in a different mode than "white collar", corporate guys. One thing that he continuously emphasized to me was "bringing value to the company that is residual and consistent." So for me if he delivers on bringing residual and consistent value to the company, us shareholders will have nothing to worry about. However, some of you guys on here could be right, he could be lying to us all and could very well be a bad individual.
As traders we are more risk managers than anything else. Therefore in order to mitigate you risk properly, I say plan for both scenarios, and manage your risk accordingly. Something I think worth pointing out here is the fact that, the fins are weeks overdue, nothing has formally been posted by the company, and as of yesterday, this stock now has a stop sign on it. Now despite all of these things there really hasn't been much selling, and price is still trading in the relatively same range since June, 2018. I think this says a lot, because another stock hold, SIML had the stop sign put on yesterday as well and dropped 15%, and is down again today.
I think with Medh we just have to stay patient, and optimistic. Part of my strategy that worked well in crypto is doing your DD, and I mean good DD to find undervalued coins, stocks in this case,with "real" value, then load up as much as you can while its quiet, before the herd finds out about it and before the fomo kicks in. So times such as this where you begin to doubt if you made the right decision to buy in, I think it's important to look back over your DD to restore your confidence. I'll post some of the things I like about this stock just in case any of you out there are not aware. I personally am bullish on Medh at the moment. Thanks, and good luck to you all.
Ah good point, thank u Pnypnchr, I'll hold tight. thanks!
Exactly, I think this is our best play here atm.