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I am showing no bid on my screen......
....well everyone was warned.....
Thanks Barry Allen for the kind post......I actually had a buy order in shortly after the R/S around the .0045 level or there-abouts----the order was for enough shares to sell at .008 for a total recovery....the MM danced around the pps and I actually saw trades both bid and ask trade lower than .0042----I realized then that something was not quite right when the pps soared well over a penny and I even tried to chase the pps up but to no avail....
I will probably wait a while and see if the CTYX pps gets down to that level again--even so I'm still gun shy and don't like Ron--meanwhile I've got my eye on another delicious stock that I've slowly been accumulating---believe it or not it's trading around .37 cents and will pay a dividend soon that is over 1/2 penny.....
I do appreciate your "light a candle and don't curse the darkness" theory----and believe it or not I'm actually an optimist!!
Time will vindicate you or me---like it always does. What you don't know about me is that I am a CEO of a corporation and that I own ALL the shares of my company. I started it from scratch and slowly reinvested my profits back a little at a time, piece by piece, bit by bit.....now we are the dominate player in our industry and I became very wealthy by careful conservative decisions---that took a LONG time....no fast-track here pal....
I was approached by my stockbroker about taking my company public and "cashing in"---or "out" ---so to speak. I told him emphatically NO!
Now can you understand my contempt for what Ron did?
....believe me BarryAllen----I WANT to be wrong in my assessment of Ronny boys character....but experience has taught me better....I hope you are right since it is my custom to hold my shares until they either perish or rise enough to exit and at least get my capital back....
best to you and to all the investors in CTYX....
Thanks for your response... Here's some helpful DD... Does this validate my point to you?
CTYX - From otcmarkets.com
Shares Outstanding 41,081,537 a/o Mar 31, 2011
Float 31,451,198 a/o Mar 31, 2011
Authorized Shares 1,100,000,000 a/o Dec 31, 2010
Security Notes
•Capital Change=shs decreased by 1 for 4 split. Pay-date=10-29-98
•Capital Change=shs decreased by 1 for 32 split. Effective date=5-1-01
•Capital Change=shs decreased by 1 for 1,000 split. Pay-date=5-21-04
•Capital Change=shs decreased by 1 for 1000 split. Pay date=10/29/2007.
•Capital Change=shs increased by 10 for 1 split Ex-date=11/29/2007. Rec date=11/19/2007. Pay date=11/28/2007.
•Capital Change=shs decreased by 1 for 50 split. Pay date=08/23/2010
Facts are interesting and reveal all sorts of relevant hidden agendas. So based on prior history, do you think they might release shares into the float thus decreasing the value of the green shares you currently hold??
Ok I accept your apology...
I don't discuss other stocks on this board....
Will you agree that Ron was dishonest about the R/S weeks after he filed in Florida?
Will you agree that the authorized shares are still in the BILLIONS?
Will you agree that the company is Not profitable and sells shares to pay bills and salaries?
Will you agree that Ron is overpaid for a poor performance?
Will you agree that Ron sold every single share until there were None left to unsuspecting investors who became Bagholders?
What has changed? Has CTYX become mysteriously profitable all of a sudden?
Is your motive for not answering my other questions because you don't want to admit that this company is at Best suspect and if you did it might affect the pps negatively??
I merely want new investors to be aware of what has happened before in hopes they do some earnest DD....
Yes it does stink to have my capital tied up.... I hope that at some point the CEO is replaced by an honest Trustworthy person that will rebuild the company and base their decisions to benefit shareholders instead of themselves.... A company raises cash by having an excellent product that sells and earns a profit... With that profit wisely reinvested in the company and not Exorbatant salaries---you can go to a bank and borrow money because you are Bankable.... Not sell worthless shares and lie about a r/s and continue to deny it even tho' you filed weeks earlier in the state of Florida for the r/s.... The same man still has his job and will sell more shares diluting until your shares are worth .0001...
This is my humble opinion based upon the facts of what I went thru and endured at the hands of this CEO... Nothing has changed.... History is in the process of repeating itself....I hope all the shareholders can eventually get their money back and at least break even...
for the record---my previous post was hyperbole, angst, frustration, exaggeration and my opinion only----as for your call to Ronny...."Why didn't you ask him exactly WHY he dumped all the remaining shares the company owned in the last few days before the R/S?"....Ron cashed out and paid bills on MY back and all the other poor unfortunate s.o.b's like myself....
Why didn't YOU ask him?????
Answer: (rehtorical of course) Because you have an agenda here as well which also misleads investors. I have seen you post the same drivel over and over about the low float CTYX has. You buy low and sell high---nothing wrong with that pal----why it's the American way. You are an American success story and I'm glad for your success. You might not know that Ron can dump shares into the float at anytime he wants. He never bothered to change the authorized shares---oooopppppsss.....Did I just let Ron's dirty little secret out of the bag???? It's his LEGAL right to do so ---due to our fabulous SEC.
So if I have mislead any investor into NOT buying shares in this company it's because I sir am an American and because I have a vested interest in this stock as well and I believe that I have the right to express myself in the wonderful IHUB board and my SINCEREST expression of my opinion of RON is that upon his resignation and the hiring of a good man to replace him is when I might reconsider my reccomendation of CTYX....
my pappy said it best...."Son---you can't change the spots on a leopard!"
....ain't it the truth.......
great post!!!!....I couldn't have put it any better!!!
.....and to those folks that think I want the stock to go bankrupt......YOU are WRONG!!!....I still own every single one of my R/S shares and I would love nothing more than to see the company get the FDA approval so the pps skyrockets "To da moon and BEYOND" since my dollar cost average is .087 cents per stinkin' share!!!!!!!!!!!!!!!!!!!
10 million shares just went thru at .0001....my $20 thousand is now worth $23 dollars....
....this is criminal and anyone who buys after reading this message board deserves to lose their money....
I think the company is diluting now---hence the large amount of available shares.....
....hey Ronny's got to pay the bills.....on his new condo & Lexus that is....lol....
....buying this pig right now is like taking your money and inserting it into a shredder......
listen carefully....my account shows a $20,125.00 loss for pdmi or down 99.77%
....buy yourself a delicious porterhouse steak, go see a movie, buy flowers for your girlfriend/wife-----at least you will get something for your money.....
for God's sake man----listen to these fellow board posters and heed their warning.....don't buy another single share....no one is shorting this stock to manipulate price....there is no bounce coming.....
...the company is so heavily in debt that the company is forced by law to surrender shares to the lenders who quickly dump the shares to idiots like YOU and ME....
I saw an 81 million share sell at .0001----who do you think sold that lot????....that's right the MM acting on behalf of the lender who got the shares from the company....the guys blaming the CEO are wrong.....the B.O.D. authorizes and releases the shares to pay the debtors----they either do that or declare bankruptcy.......
...hey bro'--- I feel your pain too and it's with a heavy heart that I tell you and all readers of the board this fact... That after the next big run up I will exit this stock forever.... I'm selling all 12 million plus shares I have accumulated over the last couple of years and I will not buy MDFI again...I'm not a trader but more of an investor that slowly and deliberately buys and holds stock I believe has huge upward potential...I no longer believe that the company will make it without a r/s that will break the backs of the faithful share holders... This is quite simply a shell game with no pea under ANY of the shells... I have to admit that it really is clever and the hype made a believer of me and that I earnestly saw that this security could eventually reach a dollar----
What I saw transpire on April 19, 20... etc with the full blessing, collusion and cooperation of the company and whom the "third party" was=====>>> that my friends was the handwriting on the wall for me.... I seldom telecast my sells but because I heartily endorsed MDFI I feel compelled to tell the truth now that I've changed my mind and my decision to exit...
I've slowly been accumulating Chwtf which I believe has a lot of upward potential and one might consider a good entry point now... I have around 30,000 shares and will take a position north of 100 k when I'm done...
Good luck and may God richly bless all the investors here and I'm sincerely glad to have met each and every one and I sincerely thank you for the honor of being allowed to share my thoughts with you and if I've offended anyone I humbly apologise...
.... Happy trails to you....
Cpner49er.... Over and out
mm's shaking the tree for shares......weaker hands are bowing out....
the number of ihub board followers went up with the surge but is trending slowly back down......hopefully positive news comes out with the financials and it trends back up and stays there..
here conix---some pablum--
http://www.opusfinancial-epr.com/
read the last 2 paragraphs----if you're curious read the "our stories" by clicking on the tab
Where they reside....
http://www.turksandcaicostourism.com/
Questions you might ask----"Aren't offshore brokerages allowed to short penny stocks?"----"What might the effect be of selling hundreds of millions of shares while simultaneously shorting the self same security?"
.....it's your epipihany.....and I want to be wrong btw.....
No.... I won't spoon feed it to you-- it must become your ephifany--- your act of self discovery... You started the thought... D@m it man figure it out!!!!... you are more intelligent than a mere superficial obligatory search...
I'm afraid it's a little scarier than a "third party" being just a relative conix... In about a half an hour and a little investigative DD and some simple deductive reasoning you'll figure it out...start with a google search of grand palm limited and check out opus financial...
Let me know what you think...
The third party responsible for the surge April 19
http://newsletter.hotstocked.com/thirdparties/view/Grand-Palm-Ltd.-352#
No I didn't and congratulations on your great trade!
Interesting article from OTC Equity
MedeFile International (OTCQB: MDFI) Putting Up Big Volume but Healthcare Information Services Field Remains Difficult Environment to Crack
Posted on April 21, 2011 by Editor
A good idea doesn’t always translate into a profitable business and MedeFile International (OTCQB: MDFI) appears to be a case in point. While MDFI is “designed to gather all of its members’ actual medical records and create a single, comprehensive Electronic Health Record (EHR) that is accessible 24 hours a day, seven days a week by the member and the member’s authorized users on any web-enabled device (PC, cell phone, smartphone, e-reader) and portable MedeDrive unit” the company has found that generating membership and revenue from this endeavor to be problematic at best.
There are a number of issues that have held MDFI back but a quick look at the company’s most recent 10-K, dated April 1, 2011, gives investors a pretty good idea about the future outlook. While MDFI managed to improve revenue for the year ending December 31, 2010 by an impressive 839%, jumping from $14,264 in 2009 to $133,886 in 2010, the company also managed to post a net loss of $2,492,310, a 14% increase from the previous year.
Now revenue was up, attributed to a substantial increase in memberships, yet it came with a serious cost as they listed selling, general and administrative expenses for the year ending 2010 as totaling $1,134,371 which consisted primarily of consultant compensation, marketing costs and professional fees. Add those expenses to an interest expense for the year of $1,229,799, due to the interest from the conversion of a note payable through a stock issuance and you have a net loss significantly higher than revenue and what they had to show for it was 5,100 members.
When MDFI released their year-end figures they noted that membership had increased to more than 7,000. So in the first quarter of 2011 they picked up an addition 1,900 members which is close to an average of 650 members a month. According to the company’s website a premium membership is $249 a year while a their lower-tiered membership is $75, meaning if they are to meet even their selling, general and administrative expenses for the year they will need to significantly ramp up their membership.
On Wednesday MDFI announced that “effective immediately, all members of the National Association of Local Advertisers (NALA™) will receive a customized MedeFile membership as part of NALA’s special benefits program offered to its growing national membership of local business owners.” While that may sound positive it does little to reveal any concrete information for shareholders as there was no mention of how many members NALA currently has nor does it make mention of what kind of fee MDFI charged for their membership.
It’s also hard to see how NALA fits the target audience of MDFI which they listed in their 10-K as “Health Maintenance Organizations, Preferred Provider Organizations, managed care organizations, insurance companies, unions, large groups of individuals such as AARP, large and medium sized corporations, home healthcare agencies, retirement communities, nursing homes, public and private schools, summer camps and internet users.” Maybe “internet users” fits the target but NALA is a business that helps “local businesses bridge old line advertising to the online world of banner ads, email campaigns, video and mobile/text advertising.” NALA does say that they offer members health discounts but it’s still hard to see MDFI as a selling point to a company trying to get help for their online banner advertising.
Perhaps the biggest challenge facing MDFI is trying to compete with companies like Cerner Corporation (NASDAQ: CERN), Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX), SXC Health Solutions Corporation (TSX: SXC.TO), and Quality Systems Inc. (NASDAQ: QSII); all of which are healthcare information service providers with market caps above $2.4 billion. MDFI is right around $22.4 million and is currently trading around the 0.0065 – 0.0067 range, needless to say they have a long way to go to catch up with the bigger companies and with just two full time employees that may just be impossible.
Despite the obvious roadblocks that are in MDFI’s path the company has put together some staggering days of trading volume. On Tuesday more than 800 million shares traded hands following an announcement that the company had “signed an agreement with Carlisle & Associates, a leading healthcare industry consultancy firm, to collaborate on opportunities to accelerate adoption of MedeFile’s iPHR system by health plans, health systems, large physician practice groups and other healthcare-related service groups.” That activity carried over into Wednesday with trading volume passing the 175 million mark. Tuesday’s activity actually pushed shares to a 52-week high of 0.017 but it eventually came crashing down to close at 0.0057 but it remains ahead of the 50-day moving average of 0.0048 and 200-day moving average of 0.0050
Any product or service that is going to add a degree of safety to the healthcare industry and more specifically to an individual patient obviously has value. What MedeFile is offering is a means of not only protecting an individual’s medical history by gathering and processing records, paper or electronic, X-Rays or MRI’s, essentially everything relating to a member’s health history, and then transforming them into digital images but also providing doctors, caregivers, pharmacists, or anybody who is granted access to a member’s medical information this critical data so that the highest level of care can be provided.
That being said MDFI hasn’t created new technology to do this or own any type of patent on providing EHRs through some advanced platform. Perhaps their best bet is to concentrate on driving membership, regardless of what they charge, and with a large membership they could become attractive to a larger company in the same industry.
over 1 million shares traded at pre market....pps is at .0145
no it didn't and it increased the volume significantly,...I'm showing over 103 million shares trading today....
...the trade was for 15,574,699 shares form t traded at 16:22:01 e.s.t.
ok conix....
I don't want to offend anyone....tradersamo told me that I posted too much info. on a previous post (so I respectfully ammended my post at his kind suggestion)----so if anyone is offended feel free to delete this....
my trading account 7,855,289 dollar cost avg. .0043
my ira account 2,700,000 dca .034
wifes ira 2,100,000 dca .032
....btw----I just want to say for the record that our board moderator and all his assistants are doing a fantastic job and all the folks who read this board owe them and you a debt of gratitude....
thanks pal......
15 million trade went thru after hours at .0099
......still have all my shares----haven't sold a single one......I firmly believe that we are nowhere near the top----and let's not forget that the last big runup in 2009---- the high was .0195 when they had debt galore with very few subscribers.....
.....their financial picture has changed radically towards the good in the last 2 years!!!!
.....from everywhere-----lots of investors from all over are buying....the run-ups just getting started.....
.0095 just printed and 30 million shares traded in a little over an hour.....
.....in a word BEAUTIFUL!!!!
.0085's printing again.....relax and enjoy the ride.....
....been watching the action since 9:30 est-----nice!!!!
Delta I agree that there is a lot of accumulating going on and I also believe there has been a great deal of stealth accumulating going on as well... I posted the sellers remorse post a while ago and some thought it funny/trite but as Shakespeare wrote.."there is more than one truth told in jest"... Some readers here on this very board as well as MDFI sellers are already questioning their decision to sell--"too soon"...
.... As for the beating them over to head get them to stop selling comment--- we don't have to do that as they themselves will self flagellate until the point of unconsciousness after witnessing the pps in a month....
I believe around another 14 million shares or so... Some recent buyers are taking profits on a nice 25-30% gains and let's not forget those that are finally breaking even on the last beat down months ago---
I don't believe they will be very satisfied with their decision to sell so soon when the next 10k comes out or even if speculation of great news drives the pps well past .01----- remember we haven't really seen any SERIOUS buying action yet and not everyone places GTC sell orders.... Lots of folks wait and see how the action is going and then try to time their sell/buy...
So if the sellers decide to jump back in, if new buyers are attracted due to some watchdog stock service they subscribe to alerts them, if long holders refuse to sell and the company doesn't dilute because of positive earnings ala new subscribers then we could we an epic explosion of biblical proportions....my guess would be .03 cents on this "go around"...
think about it---- if the stock raced up to .0195 when the company was hemorrhaging cash in 2009 (I owned 4.2 million shares at an average cost of .0034 and I held right thru the runup and still own those shares today)...then what will the stock run up to now with 2 years of terrific news and proven gains and no debt???!!!
At any rate this will be fun to watch and wonderful to be a part of!!!
the support in that .0065-.0069 area is huge----this has been an exceptional 2 weeks and it's been a long time coming but I'm really glad it's here. I hope everyone that reads this board regularly----- doubles their investment in MDFI.
If their were some serious buying pressure, I believe you to be correct------the pps could see .01 very easily!!
Slight pullback is healthy to the action.... I would like to see a series of modest pops and plateau and ever so slight pullback as folks bank profits then pop again....
Great runs that are sustained long term look like that. These last 2 weeks have been fabulous and I don't believe there has been any dilution. With Kevin having such a huge personal stake in terms of shares I think we can take a r/s off the table once and for all.
Good luck to all longs!
beautiful consolidation....I love this nice slow upward movement....if this keeps up at this rate we should see an even larger jump when the 10k comes out if not BEFORE in anticipation of positive news.....
GLTA!
What happens to the pps if we see a 100 million share day??... How will the MM find shares with huge upside buying pressure??...what happens when tons of traders see the upside potential and want to jump in????....In 2009 we saw a 328 millions share day... What happens to the pps if we see that much buying pressure???.....Is this stock a game changer///lifestyle changer perhaps a 10 bagger????...Could the pps rocket past 2-3 cents and settle in the 5 cent range with a powerful 10k????....What if we get a buy out offer from GE???....what happens to the share price if they indeed achieve their goal of getting 200,000 subscribers???....what is the final top of the share price then???
Questions...questions....questions....
....yeah----the thing is that I don't WANT to be right.....I need this stock to go up to like .07 cents a share----just to break even....
The trading is painfully thin.... If someone placed a 200,000 sell order at the market the mm would probably run it down to .0035
Ronald S. destroyed all credibility with the r/s.
I think he's allowing shares to be released into the float hence the reason you see loads of buying with little upward movement and even a small sell by a trader knocks the pps down bigtime.
Great business philosophy pal and I admire your discipline!!!... If Kevin followed your business model as well as many of your intelligent suggestions I've seen you post, MDFI would rocket to a $1 per share faster than the government could spend our tax dollars...
I know you've got to make the doughnuts but stay in touch often pal as I look forward to reading every post you make!!!
As a shareholder that held his entire position that bought months before the huge run-up in 2009 and held all the was thru it when it hit and ran up to .0185---- I understand.... Obviously if I were more savvy a trader I would have bought and sold during the highs and lows--- but a lot has changed at MDFI this last 2 years and the improvements are very beneficial and progressive !!
Even though the share count has increased so has the subscribers and soon profits with absolutely no debt and an upside that's virtually unlimited. Words like cash cow come to mind. Realistically if they achieve their goal within the next 2 years and reach 200,000 subscribers with no increase in sharecount---- what do you believe the pps will be????
I think folks that sell now will have Seller's Remorse...
re·morse /r?'m?rs/ Show Spelled
[ri-mawrs] Show IPA
–noun
1. deep and painful regret for wrongdoing; compunction.
2. Obsolete . pity; compassion.
example/
"I sold my MDFI shares too soon, now I have terrible seller's remorse!"
--------------------------------------------------------------------------------
Origin:
1325–75; Middle English < Middle French remors < Medieval Latin remorsus, equivalent to Latin remord ( ere ) to bite again, vex, nag ( re- re- + mordere to bite) + -tus suffix of v. action, with dt > s; see mordant
—Related forms
pre·re·morse, noun
—Synonyms
1. contrition. See regret.
......I haven't sold any shares and I don't want a case of seller's remorse-----it's worse than buyers remorse!!!!....lol....
the thermometer graphic is BRILLIANT!!!!!.....email them and tell them to place it on their investors page!!!
great post!!!