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Spin, I thought being featured on Money TV was supposed to have been a good thing. What gives? Are you hearing anything?
Hi Spinnaker! I don't know money tv but I googled it just now and by golly there's medex as one of their featured companies! I can't get money tv but if you do could you keep us posted?
Welcome back medexinvestors. Hope this means we can expect some action soon. I've heard two weeks or so, last week in Feb.
I'm also back in for more. This company is worth .22-.25 right now with the last NR factored in and I've heard there is a lot more news on its way that will easily move this to .50 plus. The only drawback here is the companies inexperience with shareholders. If you phone them they will tell you all the wonderful plans, some of which we saw in the last NR, and if you ask they will say it all begins tommorrow or next week but when the time comes they don't follow through. And then, sometimes months later, the news comes out. ( come on guys! get your act together and show your shareholders a bit of respect!) That part is fustrating but they are building a solid company and if even half of what they are saying comes out in an NR we are .50 plus in a blink.
Well! There's a sure sign this is about to go up! Runnymuck, the ultimate basher, has showed up!
Been waiting over 8 months now as a lot of us have been but with the appearance of a couple of new posters here combined with the last nr's it feels like things are about to get rolling. VC, could you give me that phone number to JB again please? It seems all my mail has been erased.
Thanks
Givntake
From the last NR...
As previously disclosed, the BEE Mobile acquisition is expected to produce 2010 annual revenue of $1 million and net earnings of approximately $400,000 from a single location. A second above referenced facility is expected to open in June 2010.
In a related matter, Medex today confirmed its completion of the previously announced acquisition of Creative Rehab Technology Services, Inc. As previously reported, the Creative Rehab Technology Services transaction is expected to provide Medex annual revenue of $1.2 million and net earnings of approximately $365,000.
Bee Mobile is generating net earnings of $400,000 from, one location with another location scheduled to open June 2010. According to the new website the plans are for 10 locations and40 licensed faucilities.
Thas's just Bee mobile expanding 10 times current status. There is still Creative Rehab and more aquisitions to come. They are agressively growing their business so hang on!
From their website.....
Bee Mobile plans on operating 10 locations in major metropolitan areas known to have heavy wheelchair use. These facilities will be corporately owned and operated with Medicare provider numbers and accreditation. Bee Mobile will also offer approximately 40 licensing agreements with servicing partners throughout the US.
This is only the start of what could become a major player in the medical supply industry
Look at the sticky at the top of the postings, message # 244
LISTEN UP EVERYBODY!! THE NEW WEBSITE IS UP AND RUNNING! THAT IS ALWAYS A PRECUSOR OF A PROMO ABOUT TO START!! HANG ON TO YOUR HATS BECAUSE HERE WE GOOOOO!!!
Hopefully the chart has put in a double bottom and it takes off from here!
Taz, it seems like you, me and about 4 other people I know have been mislead by contacts within, or associated to, the company. There is big stuff coming but time lines seem to be a shot in the dark when talking to anyone who should know.
With this kind of volume over the last few days we are putting in a good solid base. There is only 4-6 million in the float, depending on who you listen to, and that gives us a base of about 10% of the float at .25-30
Suetta, don't forget about this one which also has a LOI signed and in the works, and there are more to come!
Repost of old news, just to keep it fresh!
Medex, Inc. to Acquire BEE Mobile, Inc.
Medex, Inc. (MDXX:PK), today announced the signing of a binding letter of intent to acquire privately held BEE Mobile, Inc. Founded in 2008 and headquartered in San Diego, CA, Medicare accredited BEE Mobile services and rents power wheelchairs and scooters as well as high end rehabilitation equipment.
Terms of the transaction were not disclosed but will consist of a combination of cash and Medex, Inc. restricted shares. (There will be no dilution to the existing shareholders.) Closing of the transaction is expected within two weeks.
“The BEE Mobile acquisition is expected to produce 2010 annual revenue of $1 million and net earnings of approximately $400,000 from a single location. A second facility is expected to open in June 2010,” said Mr. Marco Montenegro, Chairman and CEO of Medex, Inc. “Complementing the previously announced Creative Rehab Technology Services transaction, BEE Mobile will expand Medex's offerings into the burgeoning wheelchair and scooter repair and rental markets. We welcome BEE Mobile, Inc. to the growing Medex portfolio of companies.”
About Medex, Inc.
Medex, Inc. is a development stage Nevada-based medical support services company, which plans to grow through acquisitions of medical supply companies, medical technology companies, and assisted living and care facilities worldwide. For additional information, see www.medexsynergies.com.
Forward looking statements:
The statements made in this press release, which are not historical facts, may contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other matters pertaining to the company. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the reasonable judgments of company management as of the date of this release, actual results may differ due to business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, access to outside capital
My apologies JT, you're right, they're just LOI's that have been signed.
So far they have aquired two companies in the last couple of months or so that have combined revenues of 2.2 million with net earnings of 765,000 per year. This is just the beginning and I am expecting more aquisitions and higher SP's.
Google 'whisper lounge kardashian', came up with 39,500 hits!
Well J T, I hope you got on board while you had a chance. We should be between 50 and 60 by friday.
The real show starts early next week. Monday morning will be your last chance.
Increasing volume, increasing price...A nice way to be going into the long weekend! It's been a good week and next week will be even better!
See you Monday... Enjoy!
Two weeks ago you could have bought this stock for 3 cents due to some insider mixup. Last week you could have easily gotten in for 10 cents or less. Two weeks from now you'll be saying "I coulda gotten into this stock for under 30 cents...wish I did." Tommorrow, and maybe monday, will be the last chance at below 30 cents.
One interesting fact that some here may not know is that the public float is well below 8 million shares. I have heard recently that it may even be as low as 4 million. That makes for a very tight market and a lot of volatility. Hold tight, one or two more NR's and this will travel far!
They will! Next week will be a good time to be in this stock and buying at these levels, anything below .20, will make you very happy in a very short time.
Zuumer, look for news this week. Once this starts to roll you'll see why I said having a chance to buy this stock at between 2 and 4 cents, this late in the game, was an incredible opportunity. Also, the new health bill in the States is huge news and very good for Medex! Medicare is one of their biggest customers.
That was one incredible opportunity yesterday, and still is today at anything below .20!
Hi Vulcanized Crawler. I can't reply to your PM privately so I'll address your question here. I hope you don't mind but I'll post your question first.
"mdxx....explain why that happens before news. i love the idea that news is coming, but, explain to me and others why this happens or you have seen it before. thanks"
Sometimes, when someone suspects or knows good news is coming, rather than buying at the ask or placing a bid and hoping that it will be filled, that person will sell a small amount at the bid if the bid is significantly lower than previous support, (previous support pre split was in the .50 cent range and the bid was significantly below that at .085 cents, or .34 cents pre split price).
This is especially effective in a thinly traded stock that has a wide spread between the bid and ask, as was the case on friday. The ask was aroun 19.8 and the bid had dropped to .085. The thought behind this strategy is to risk very little of your position (165.00) in the hopes of triggering stop losses and/or sparking a round of panic selling. If you are initiating this strategy there is a good chance of reacting first and picking up cheaper shares before anyone realizes what has, or is happening.
In this case no stops were triggered and no panic selling took place, therefore no cheaper shares. The back up plan then becomes to buy at the ask since those are the new "cheap shares" which you have just proven.
Even if you are not the one initiating the strategy and it is just someone who is desparate to take a few bucks out of the market, you can still take advantage of the circumstance.
That seems to be the reality for this stock, for now, but that can change and probably will.
All IMHO of course.
Curious action on Friday. Someone sells 2000 shares (165.00 worth) of stock at about 40% of the ask (obvious manipulation). Half the day goes by with no stops being triggered and no one panicing, the buyers come back and we close at the HOD. This maneuver is often seen just before news comes out and the SP moving up. It also seems to give us a pretty solid base around the 20 cent mark.
Some news from MDXX
Medex Inc. Appoints Larry G. Shea Chief Operating Officer
2010-03-09 08:30 ET - News Release
LAS VEGAS -- (Business Wire)
Medex Inc. (MDXX:PK), today announced the appointment of Larry G. Shea to the position of Chief Operating Officer and member of the Company's board of directors.
Shea, 40, will be responsible for corporate operations, finance and business development reporting to Medex President Marco Montenegro. A twenty year veteran in medical affairs consultation with a specialization in financial controls and contract negotiations, Shea has most recently served as President and Chief Executive Officer of Professional Services Network providing services in practice management and development to companies such as Green Valley Drugs (developing pharmaceutical and physician supplies), Hogan Medical Center (acting COO role), Advanced Medical Center (acting COO role).
"As Medex continues to build it's management team, Larry's appointment provides significant knowledge in the medical industry that we intend to leverage in the selection and development process for planned acquisitions," Montenegro said. "We look forward to his contributions and achievements."
About Medex Inc.
Medex Inc. is an early stage Nevada based medical acquisition company specializing in the procurement of medical supply companies, medical technology companies, and assisted living and care facilities worldwide. For additional information see www.medexsynergies.com.
Safe Harbor Statement:
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan," or planned, "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Contacts:
For Medex Inc.
Bob Leahy, 202-550-4294
Source: Medex Inc.
Now that all the shares have been paid out from the forward split there is nothing hindering the company from releasing their NR's. I have heard that there are at least 10 (actually more) with 4 of them being company makers. I expect to see a bit of a run starting friday afternoon as people anticipate the news starting on monday.
If you believe that MDXX is about to embark on a major PR spree then these prices will seem like an incredible deal. I picked up another 28000 shares today at bargain basement savings!
My shares finally arrived! It's going to be interesting to see where the market starts now that some more shares are available. I'm thinking a lot like yesterday, 25 - 30. I do expect a little dip though as people take some profit and I'll be on the buy.
It looks like things may be starting a little early. 10,000 shares just bought at .28 which brings us back up into the level we were at pre split, (1.12).
Same here. The value of my shares reflects the post split price and share count but the shares are not in my account yet. Don't expect anything from the company as far as a promo until next week since most of the new shares won't be available until this friday. The company wants those shares free to be traded since it will give the SP liquidity so the market can truly reflect what the NR's will reveal.
Still waiting for mine to show up. Hopefully the confusion clears up, the shares arrive, and we are free to trade without questions...ASAP!
So, I guess this won't trade now until the new shares are released into everyone's accounts?
Wayne, you may want to hang around for a little while on this one. A major promo is about to begin. Post split SP is anticipated to be $1 plus.
Thanks JT. I picked up some at .62 this morning. I'm going to study this out so I understand what happened here, then one day I'll be able to join the wolf pack!
Thanks for bringing this to light Wayne, I've never seen it before. One question, I see the Record Date is 02/22/2010. Is that the date that anyone who owns shares would participate in the 4:1 split, and what happens to the shares you bought yesterday? Do you get to participate in the split since the shares were bought after the Record Date?
Thanks
does anyone know what the total short position is?