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FOR YOUR CONSIDERATION: A recent financial article, regarding slow start to cannabis earnings, stated that difficulty getting COMPLIANT PACKAGING was keeping companies from achieving better results.
Guess who benefits? Oh, and guess what used car salesmen do? They buy cars that can be purchased at low price and turn them over for profit. Can you see the correlation between stalling reports, low stock price and ability to pick up cheap shares?
Just my thought process in this environment.
I am not receiving any texts back from Mr. Rein but at least I'm not getting any lies or BS to try to cover or gloss over this mess. Don't know if that is good or bad.
It was the product and the fact that some of the Medical Doctors, at a hospital that I worked for in the past, were associated that led me to believe it made sense to invest.
Adding fuel to the fire isn't wise since I'm now holding 4000 shares at 0.96 average price, but pre-split price is 0.002156 now.
Unable to tell how truthful management has been since no financials are currently available.
Hope springs eternal until the cosmic winter hits and the season turns against us.
Can only wait and see at this point if some SEC filing verifies, or denies the benefits of believing in this companies ability to provide a product in this early stage of MJ legality.
PUMP & DUMP and SHORT & DISTORT that is the name of the game.
Unlikely there will be a short covering rally with MOST RECENT REPORTED SHORTED SHARES.
But patents are owned, but for HOW MANY MORE YEARS?
Maybe management wants share price to drop and then they can take company private at very low expense?
My question regarding the valuation of IP is, How much longer will the patent exclusivity remain in effect?
So yes, maybe MDTR over payed for the IP and molds. Profit margins may be hurt and will take longer to recover, but this company has been just squeeking through on an annual basis all these years without the benefits of legalized Marijuana sales. Now the world is opening up and the company may be positioned to benefit.
So as SHAARK says: Play it as you see it.
When issues are unresolved, and posts are distorted by short sellers, unsettling feelings are generated. Only time will pass until the truth or falsity of statements proffered here are seen to be valid.
Without facts speculation is all we can expect.
So we have PUMP and DUMP on the one hand and SHORT and DISTORT on the other and somewhere in between we have the TRUTH?
There is just too much manipulation and game playing.
Let us hope that this resolves itself fairly quickly. I don't like putting my faith in the hands of scammers, and since I grew up in Newport Beach, California I am well aware of the attitude in that area about money.
You want the stock to go up?
The Market Makers are going for the money.
The bigger share lot the more they will make, so don't place a market order, limit only and buy or sell at the ask never at a lower price. Panic and buy at the market and you play into their hands.
If the bid and ask spread widens the Market Makers have a large lot order in between that requires an All Or None fill. Once filled they will step off the Ask, the spread will shrink.
Just my opinion.
Phone 714-335-0510.
The best way to find out what is BS in our posts is to speak with, or text Jack Rein yourselves. Phone 714-335-0510. Of course talking the stock down plays into the hands of the short sellers and competition and any upward movement will create quite a short covering rally... but hey, who am I to argue with their claims of BS.
I have gone totally against my own rules of trade and have almost 50% of my portfolio in a penny stock that is late. Can only watch and wait.
The revenue issue is one of projection I am sure. 2017 had revenues of 2.2 million, if my figures are accurate, and have grown every year.
Now with Canadian legalization and the USA getting closer, this seems a good bet to expect much greater growth in revenue and cash flow.
One can only hope, but I'll stick to my guns since the drop in volume is saying fewer are willing to sell at these levels.
I spoke with Jack Rein, via text, yesterday and he informed me that, and I quote "All of the revised documents have been submitted and we are waiting for word from the auditor that we can publish. That will hopefully happen very soon"
Speaking with Jack Rein in the past regarding the competition with Kushco , before the lawsuit became common knowledge, he informed me in a telephone conversation that they were, as I recall, "friends". I had believed that Kushco's leaders were very young and he told me that they were around Medtainers groups age and were their friends. This does not mean they have the same business practices, just that they were friendly rivals I'm sure.
Getting back to salient issues:
The auditing process may well be hindered by the need for complete resolution of thought of fraud. The cross town competition, and "friends" of the company per Jack Rein, has recently been sued for overstating value of KSHB.
Auditors at this point would be wise to absolutely prove that MDTR is devoid of fraudulent reporting.
Just my thoughts.
Keep the bad news coming and the share price drops. Greater number of shares can be picked up for accumulators, from weak handed, over invested, over leveraged worriers.
Just a thought , but what if the reason the appraisers are taking so long is that they are looking to the positive valuation of the intellectual property; thinking that after 5, 10 years that IP will be worth much more than the price paid and are having to value accordingly?
I'd rather look to the positive, not the negative.
For the consideration of the group and the doubter.
This article from October:
2018:https://www.equities.com/news/why-licensed-producers-like-aurora-are-choosing-meditainer
SHAARK has a short position or is trying to buy on the cheap. He wouldn't be wasting his time with this board otherwise.
My reasoning may be faulty...take the opposite position and give me names of companies with licensable packaging so I may revisit my thesis.
It seems to me that the outlook can only be looked at positively. The forward looking value of the patent and trademark would seem to be ginormous in the face of the predicted size of the cannabis market.
Now it is possible to create a product that can be licensed across Canada, America, and the world but at this point I am not aware that there is a lot of competition, if any. Maybe a big mote?
Maybe I am in the denial phase, but I believe the company is dealing with an explosion of business related to the MJ legalization that has totally overwhelmed their expectations. Their employee count has ballooned from 2-18. thier footprint has doubled to 6400 square feet and their time available for NR have been decreased by their need to perform for their LP requirements for deliveries of Medtainer units and they have greater demands by auditors. My patience is being challenged just as every other investors/traders but just added 500 shares more out of belief they will perform. Speak with or text Jack Rein, National Sales Rep., 714-335-0510. But please don't abuse the limited time I am certain he has to deal with investor questions.
I like your thinking Steph ATK. May not be the truth but it does sound theatrically cool. I actually had some of the same thoughts. It might actually increase the impact if all the good news exploded out of the gate.
Jack Rein was finally able to find free time to get back to me.
Because of up-listing to better exchanges, new demands were thrown at the company, and auditor's and the company are essentially scrambling, trying diligently to release 10-K and it is hoped to be released on the 18TH.
Jack believes the report won't be a blow out report but that 2019 and 2020 will be positive for growth and profitability. Hoping I have relayed his message as clearly and accurately as possible.
According to otce.finra.org the D drops tomorrow and should be off in the morning session of the market. I had a call in to Jack Rein, investor relations, yesterday his mailbox was full but he returned my call by text and requested a return call this A.M. I haven't heard from him yet. I am certain he is very occupied trying to answer all the concerns that investors have.
When the earnings come out we shall see how real the company is, how profitable it is and if it is well run. Revenue growth has been great every year until now. What will be telling is earnings, retained earnings, revenues and future expectations.
If earnings are good but executives are taking most of that it leaves little for the share holders. And if executives are dumping stock then the expectation are not going to look good going forward.
Don't be foolish...you only see what the market maker wants you to see. Wide spread, someone wants to pick up or unload a larger block somewhere in between bid and ask.
SEC filing indicated within 15 days from the 31st of March for earnings.
I will know if management and company is real after SEC filing of last quarters earnings. It would seem that the drop of the "D" will coincide with the earnings report. And if we are correct in believing in the company, maybe good alliances will be reported in news reports.
llcoolm11 Your observations all sound correct, as I see them, but you dumped your shares. Good profit for sure but I am holding because I believe in the company and see possibilities. But if I always have to concern myself with the traders outlook and everyone dumps when the stock advances the prices will never get where the company will look good to me.
llcoolm11 And how much of that position do you still hold? Or did you dump the? I'm holding enough now and am not willing to just trust the technical support. This company needs to perform, not just hand me hope and platitudes. I want to believe my analysis and IR but hope is stupidity in the stock market.
I am beginning to question their veracity. they started getting cute, thinking they were smart. Should have reported good earnings, then split and then released news and up-listing. By the time earnings are released, good or bad, this could be too far in the dumps. I don't see this as any different from other reverse splits at this point.
That 15000 share block was divulged so that someone could buy a large AON block at a lower price. Seeing that large block on the ASK scares traders into thinking the ceiling is at that level. My belief is that that is how the market maker has been generating the big block trades that individuals have wanted to pick up prior to news. I kept seeing it before RS and that is why I kept adding to position. If I am wrong I will eat it. I Believe that is not the case. No smart trader telegraphs their intentions.
I'm looking for good financials, or at the very least improvement that warrants staying in for the long hall. I don't want to be calling this MedTurd for the rest of my investing lifetime. Too many times burned and the mind set makes it difficult to see positives, not con jobs.
I will be happy to see an improvement over last earnings report. Only time will tell if my analysis is correct and if the report bears fruit. Having increased revenue and retained earnings will help immensely as will alliances and supply contracts.
Thank you HAPPYCAMPERS, of course Investor relations. I actually bought more on Tuesday and thought about it to today. I haven't spoken with IR in a couple of weeks.
HAPPYCAMPER Where did you get the 100% figure in earlier post regarding May reporting? Sorry but what is IR?
I want, nay need, to see the last three months of 2018 earnings and finally get some satisfaction.
The real test for me comes this Friday, when according to Jack Rein, the SEC receives the last quarter' earnings report. My thought, for what it is worth, is that the split was done before the earnings so that the earnings showed better. That is my hope anyway. And yes, hope is not worth much...results are. Then we'll see if May's 1st? quarter report will look to support our belief in this company and administration.
Jack Rein indicated the yearly report goes to SEC March 31st, one week after the r/s. Can't wait to see the results. He indicated he believes the stock would go down with the split and then up, if I am recalling correctly. At Schwab zero shares traded Friday and was showing 0.89 at close of market. No conversion of my shares. Guess Monday morning I will be up at 3:30am Hawaii time to see the news...good or bad.
RS...then a week later earnings come out for possible positive results on positive earnings. And then the possibility of news report before or after earnings about alliances with LPs? All a little disconcerting. Questions, questions, questions.
The facility in Corona is basically a printing facility that just recently purchased a third printer to keep up with demand for customized labels for product sellers that are white labeling what they sell and Medtainer inventory. The company has doubled the size of their facility I believe.The rights to intellectual property, the container, was recently purchased for approximately $1,000,000. Setting up their own facility to produce the molds and injection machines for producing the containers will probably be way to expensive at this stage of the game. The company has more than 12 employees. A year ago they had 2 I believe. The increase is in sales force and others required to handle the increase in orders. The company was basically set up to provide med containers to patients and with the legalization they have, what seems like, a perfect gold rush product. But they aren't the only one in the market place. They do have licensing, I believe, in all the Canadian provinces.