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yeah, crazy, no rationality, but glad its moving this makes sense, should move until at least .0125 I think, where warrants issued. Are you thinking the same?
MTIZ running on news...
I agree on that. I have a hard time seeing it go down, but I've seen stranger things. Regardless, this seems like very good news to me. Along with solid quarterly results hard for me to see this going down, but who knows..
MTIZ News.
Metiscan Closes Funding of $7.3M and $10M Warrant Option
DALLAS, TX -- (Marketwire) -- 08/27/09 -- Metiscan, Inc. (PINKSHEETS: MTIZ), a holding company focused on growing its organization by making key acquisitions and developing companies and emerging technologies, announced today that it has closed an equity funding of $7.3M, which has been deposited in a restricted cash account owned by Metiscan. Funds shall be distributed subject to a registration statement filed with the SEC becoming effective and other conditions outlined in an account management agreement. The investors also have the option to exercise warrants up to $10M.
The Regulation D 506 offering closed on August 26, 2009, with the sale of 500 units comprised of 500,000 shares of the Series D Preferred Stock and 542,878,037 Warrants in consideration for $7,273,823.20. The 500,000 shares of the Series D Preferred Stock are convertible into 584,101,332 shares of the Company's common stock. The average price was $0.0125 per share. All monies received through the sale of the 500,000 shares of Series D Preferred Stock are subject to registration with the SEC or pursuant to compliance with SEC rules and other conditions as outlined in an account management agreement. All funds shall be distributed pursuant to an agreed upon use of proceeds. Metiscan management has agreed not to reverse split the common stock of the Company without the consent of all 5 private equity investors for a period of 48 months.
The investors have the option to exercise 542,878,037 Warrants which, if exercised, would result in an additional $10,156,920.70 in gross proceeds to the Company. The average exercise price for each Warrant is $0.0187 per share. The proceeds received from the exercise of the Warrants are not subject to an account management agreement or a pre-approved use of proceeds.
"The recent closing of this offering marks a large milestone for our organization," commented Bryan A. Scott, President and CEO of Metiscan, Inc. "We are working diligently to file a registration with the SEC such that Metiscan can become a fully reporting issuer. We look forward to using this capital to provide additional value to Metiscan's current subsidiaries through equipment purchases, product research and development, sales expansion, debt reduction and working capital. Furthermore, a portion of the investment proceeds are earmarked for the use of acquiring additional companies which the Board of Directors believes will add increased value to the organization on a consolidated basis."
those were my thoughts as well, that they are attempting to update to current information, but not sure how common it is to use an outside attorney to do that.
this was posted today on pinksheets.
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=23742
Seems good to me, stating that NSPT is submitting adequate current information. Anyone have any thoughts on this? I haven't seen such an attorney letter for other pennies, is this normal?
Been in this stock for a while. Did some DD on company, including visiting stores in my area with the product (Hannafords/Price Chopper). From the three stores I visited I found that these things are selling. Stick something that reads "Burns Calories" next to Red Bull and the other energy drinks, seems like a no brainer. Regardless, just wanted to put in my observation on my area at least (upstate New York).
got it, thanks for the help, makes sense now...
5000 shares on the board, not quite sure why anyone buys or sells 5000 of a .0004 stock. Can anyone explain what that's all about?
not sure what's going to happen in the short-term on this one. looks like MMs playing around, but I still like long-term view on this one. They seem to be making the right moves by working with Iphone Apps/Medical Records/Diagnostic Imaging and making money doing it. There's something about this mix and the moves this company that makes me like it. Not sure month to month what'll happen though.
Looking for guidance on this one. been checking it out for a while, like the simple green product concept of I Green, but I just read through the latest IVOT financials. Came upon the going concern below:
As of June 30, 2009, the Company had a net loss, a negative cash flow from operations, as well as negative working capital. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Therefore, recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheets is dependent upon continued operations of the Company, which in turn, is dependent upon the Company’s ability to raise capital and/or generate positive cash flow from operations.
I'm a little concerned as this doesn't seem to connect up with the statements made by the CEO who said the company was debt free. I'm pretty new to the game, but the going concern implies debt and the CEO implies no debt. Which one is it? Any help would be appreciated.
not quite sure why or who deleted my last message, strange. Don't like message board manipulation. Anyhow, hope you're all right on the move soon. We'll see. The MM's have definetly been teasing with this stock for a while now.
I'd like to believe that, but volume is pretty low and anytime the MM's want to step in and take it down who knows? Until there is good consistent volume coming in really hard to jump in further. I still think this stock has tremendous potential..
so let me get this straight...stock is at level it was a few weeks ago, prior to all the great news ($100 million goverment grant et al). Love the company, love what they are doing, but something is strange here, this is all from dilution?
bottom yet?
let em take it down, the cheaper the better ....
lotto ticket...hey, you never know...
been watching for six months...like what I am seeing, put in starter position today. I liked how seemingly transparent they have been. What website puts up photo albums with project pictures...nice...
Is it just me or were those revenue numbers outstanding?..
management seems to be doing a good job here....there was another stock DCLT I was looking at with revenue numbers around 200,000 trading at near .03. MTIZ revenue exceeding a $1,000,000. Seems like a no-brainer, starting position in MTIZ.
Integrity Media: A Rise in Revenue
7:00a ET August 20, 2009 (GlobeNewswire)
For emergent companies there is rarely news more important than that of increased revenues, not just in the obvious benefit of a sustaining influx of capital to the company, but also in the implied value to existing and prospective shareholders. And when a diagnostic imaging company like Metiscan, Inc. (Pink Sheets:MTIZ) reports increased revenues as they did after the bell yesterday, it sends a message to the market that things are going well at the company.
SmallCapSentinel.com has published a profile featuring diagnostic imaging company Metiscan, Inc. and of interest to investors of diagnostic related companies Imaging Diagnostic Systems, Inc., (OTCBB:IMDS), Virtual Radiologic Corp. (Nasdaq:VRAD), The Quantum Group, Inc. (NYSE Amex:QGP), and Quest Diagnostcs (NYSE:DGX).
The profile is available at www.smallcapsentinel.com/mtiz Metiscan did a good job in their release of explaining the rise, detailing the benefits of an acquisition by stating that during the six months ended June 30, 2009, the company achieved revenues of $1,219,379 as compared to $421,133 during the six months ended June 30, 2008. Metiscan attributes the increase of $798,246, or 190%, primarily to the result of its acquisition of Schuylkill Open MRI, Inc. (SOMRI) and the revenues that FirstView EHR, Inc. (FirstView) produces.
Moreover, during the six months ended June 30, 2009, SOMRI experienced revenues of $1,017,845 and a corresponding EBITDA of $238,603, or a 23% profit from operations. In comparison to SOMRI's 2009 Q1 financial results, SOMRI experienced revenues of $534,739 in 2009 Q2 or an increase of $51,633 in revenues from 2009 Q1.
It's an important moment for Metiscan indubitably, and the news is intriguing in an economy where good financials aren't the norm. With Metiscan's stated goal to focus on growing its organization by making key acquisitions and developing companies and emerging technologies, the news is perhaps even more relevant.
Register to receive ongoing updates at: www.SmallCapSentinel.com/register
Join the discussion on all aspects of the stock market at www.FiSpace.net
Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. SmallCapSentinel.com is property of Integrity Media Inc. (IMI). IMI provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. The subject companies haven't always approved statements made in this report. This report is neither a solicitation to buy nor offer to sell securities but is for information purposes only and shouldn't be used as basis for any investment decision. IMI isn't an investment advisor, analyst or licensed broker dealer and this report isn't investment advice. IMI has been paid $6,000 by Emerging Markets LLC which has been retained for investor relations services to MTIZ, for this report and related advertising services. Paid reports constitute a conflict of interest as to IMI's ability to remain objective in communication regarding subject companies.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Integrity Media
CONTACT: Integrity Media Inc. Kurt Divich, Editor 702-396-1000
likewise, added starter position today as well. Good stream of news, seems like a pretty solid company...
hey, yeah been a quiet, quiet board...have been watching minecore for awhile, but I think the Madagascar coup in the beginning of the year certainly made alot of people, myself included, nervous. Irregardless of the company, it looks like this is finally getting sorted out. One thing out of the way hopefully, now let's see what they can do.
2 good things for MCIO. Back on my radar again.
1. Peace should help in Madagascar:
http://www.nytimes.com/2009/08/10/world/africa/10madagascar.html
2. Mining operations and exports starting up again in relation to sapphires:
"Mr. Roindefo also said the government plans to lift a ban on gemstone exports within the next four to six weeks. The ban was introduced by the previous government in early 2008, hurting an industry that employs an estimated 100,000 people.
Mr. Roindefo said the government needs time to establish a system to control the gem export industry, which will require on-the-ground officials.
"We will be obliged to release the gems," he said. But he added, "We don't want to release the gem exports until we have the means to control it as before."
funny enough, maybe...I've seen weirder things in penny stock land...
no idea on direction, momo seems down.
Hey no problem, I'm new to Navstar, just made a mistake, confused the two companies...hope no one bought based on my misunderstanding...does seem like an interesting company though...
Yeah, that's it, my bad....thanks for the correction
Strange...I was expecting more action after the grant announcement. Penny stock ETLY is up greater than 100% on news of their grant, why is there no movement on NVSR?
$39.2 million dollar DOE Grant announced today for Navstar:
http://www1.eere.energy.gov/recovery/pdfs/battery_awardee_list.pdf
On the heels of news with Korea and Anything Trucker, Navstar seems to have something going for it. Watching closely.
Hi,
new to the board. Can someone please explain the relationship between EESO and Wow Green? Hesitant on EESO, but Wow Green seems to be developing a pretty strong brand. Any thoughts?