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Oh wow, this is huge!!!!!!!
That really helped whoever bought the 25 million shares. Has shifted L2 big time. It looks pretty thin at the moment.
My gosh who bought 25 million????!
Very thin moving up now!
The famous dip and rip. Here we go!!!!
A more recent example......USAR. Has run from low triple zeros to $.025. I could see this doing something similar very easily.
Reminds me of VPC* with all the controversy. We all know that went on a mega run ;) A lot of eyes and volume still on this ticker.
Just look at NTE*K back in the day. Went on a HUGE run on hype.
People call every OTC stock a scam. And a lot of them still go on mega runs. .0010 is a nice pivot point and it held today.
Load the truck up. Say what you want but this has interest. A lot of eyes still on this ticker. Look at VPC*. People knew there was no light at the end of the tunnel and was going to get reverse split, but STILL ran up almost to a penny. Key is having volume.
With all these controversy comes interest, volume, speculation and hype. This reminds of VPC*. It went up and then went down and then finally went on that huge multiple day run. People in that stock knew most likely it was going to get a reverse split which is the death of OTC stocks. It still didn't stop people buying in and driving the price up with speculation that a reverse split might not happen. It's the same thing here only dealing with a reverse merger. If the court filing goes through and gets approved within the next couple of days, watch for this to make a massive run on pure speculation.
I think this could easily tap .0014 tomorrow and possibly .0017.
Bottom line, this is most watched board on Ihub and there is good volume.....just like VPC* had going for it.
This reminds me of VPC*. A lot of controversy. People knew in that one most likely it was going to get a RS but it ran up almost to a penny based on hype and the slight chance it wasn't going to.
Where is proof of that?
Agreed. Have to be missing something. Just seems like too obvious of a scam otherwise and you think they would've wanted to at least run this up some more.
Let's hope for a VPCO* like bounce tomorrow. I remember it went straight up and then went straight back down. Everybody thought it was done, and then it went on that multiple day run.
Like others have stated, somebody was accumulating A LOT of .0009s today and the investment group posted proof of purchasing some at .0014. They will push this back up with some more news in the coming days.
A lot of eyes still on this, and after today, it appears in oversold land.
Denver would be a great spot for a lumber company. I would imagine in general that lumber has to be doing pretty decent with all the construction going on across the country. Denver is one of the hottest spots in the country right now for construction.
What does BMM stand for?
That makes since as well. I'm not calling this a scam or pump and dump for sure, all I'm saying is I'm using "professional skepticism" (a term used in the auditing world). There really isn't enough facts or filings at the moment to know either way. More times than, what I stated is the case.
This is strictly a MOMO play in my opinion. Have to be very careful. The minute the hype is over the bottom will fall out. We shall see.
No real meat behind this one besides an investment company creating a lot of hype with tweeting things out.
So you think the investment group is going to infuse all this capital in this shell of a company and let all the current shareholders reap the benefits of their infusion. They are going to expect something in return. Just like 99% of all RM in OTC land, they will just issue A LOT more shares, whether it be preferred or common, to themselves since they are infusing all this capital and basically dilute the crap out of the share structure. They aren't just going to give all of you a "free ride" and not expect something in return. They are giving you the illusion of that but most likely won't happen.
I'm a CPA and work for PWC in Cali and I know how a lot of these RM are structured.
Just look at FROZ* which is now MTVX* as an example. Got pumped up with the RM company making millions in revenues. What people didn't know is they were incurring more in expenses and carrying a negative net profit. They had millions in debt as well.
Tell me if these two companies Medifirst is working with look like scams:
LASER LAB CORP & Intertek MFST
http://www.laserlabcorp.com/
http://www.intertek.com/
You just randomly show up on this board claiming scam. I'm still waiting for supporting documentation to support that theory.
Scam? They have filed the correct paperwork with the FDA. They have filed proper SEC paperwork. Please provide correct supporting documentation for this scam theory.
They are working with one of the bigger laboratories and consultants out there on getting FDA approval.
Please don't provide slander towards this company unless you provide backup.
Per their last Q report in November, they only have $206k in convertible notes which is very low for OTC companies. Also the share structure is extremely low, with approximately 28 million OS as of January 31, 2016.
"Medifirst Solutions Inc provides various consumer products and digital media. It produces and sells Miracle-cig, a disposable tobacco free electronic cigarette that emits a fine water mist in place of smoke."
Obviously this not very up to date as they are now focused on their medical laser unit, the Time Machine. Besides, I'm glad they only have one or two employees as that keep costs down until they get FDA approval and start selling the units. Also, in substitute of other employees, they hired outside consultants to help with getting FDA approval.
Exactly. Low volume shake down. That's the best kind in my opinion, as it can move right back up just as quick with new investors. Volume doesn't support peoples' theories on dilution.
The volume doesn't support your theory of massive dilution.
Where does it show that?
Because they are in the DEVELOPMENT stage. Just like a drug company, when you're in the development, there are no revenues. Then once FDA approval comes, it goes from having zero revenues to thousands or millions. That's also why they don't have many employees. I'm glad they don't have a lot of employees and racking up big expenses. Once they get FDA approval, I'm sure they will hire more employees as they expand and sell the product.
I'm still waiting for supporting documentation that this company is fake.
Expect a huge bounce early next week. This was taken down on super low volume.
Here is kind of interesting, objective article regarding medical lasers.
http://www.wealthdaily.com/articles/investing-in-medical-lasers/5264
Medifirst with it's laser is supposed to have some advantages over conventional medical lasers. "Yet there may be a beam of hope for the future, as the medical industry’s reliance and even dependence on lasers keeps growing."
Per the article back in 2014, you can see some of the bigger publicly traded laser companies, have some pretty lofty market caps, ranging from $140 million to $400 million.
Think if this even had a market cap of $5 million, what this could be worth per share.
This has a crazy low valuation right now. Shares outstanding as of Jan 29, 2016 was 37,696,786 (I doubt it has changed much based on the low volume) puts the market cap at approximately $300k for a laser unit that will most likely get FDA approval and be used for multiple applications. The float is only 28 million.
Yes it appears to be that way. I just can't believe how light the volume is considering the recent news and most likely more news within the coming week or two. They will only be able to do so long until FDA update comes out. Eventually more buyers will enter the picture as well. Friday, low volume sell off doesn't worry me. Big difference between a stock like this and others that have high volume sells. That's a sign of dilution.
Where is your supporting facts and documentation of this being a scam. Management has filed the proper paperwork with the FDA and filed an 8k yesterday updating shareholders. Please enlighten us with supporting documentation that this is fake (websites, screenshots, etc.). Thank you in advance.
There was nothing to warrant the significant price decrease today. Management has been updating the shareholders on a consistent basis lately.
This is the problem when you have very little volume in a stock. It continues to get flipped and can be taken down or up with ease. The volume was very low again today, yet dropped 33%. Watch for a big bounce next week.
Good thing is, we should get some another shareholder update by the end of the month announcing they have responsed to the FDA questions.
Agreed. We just need more volume. There is hardly any dilution, if any occurring. Volume tells the story on that.
Looks like some group bought in, pumped it up artificially. Will it hold?