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Likewise..riding into the wind..To everyone who couldn't get a live voice,try calling option 4. That's the sales department. At least you get a live person on the other end....Plaz
I think that MH is proably in a corner, mumbling to himself..lol..Plaz
Time to say last rites to MYFT, "mother of Mary..."...Plaz
Right on the nose in4luck...welcome back to the struggle...Plaz
Right on the nose in4luck...welcome back to the struggle...Plaz
I can't believe I am saying this but nice post Captain X. I think this is one of the more better posts you've given without being condescending to other board members....now don't delete my post now...lol.
I am beginning to believe you may have our interests in mind which is quite noble,and philanthropic of you, but you seem to be on another level(big smile). Not to put the cart in front of the horse, but why can't you call one of your big boys, and have them talk to Mike?
Collectively we've tried and for the most part we have come up short(no pun intended Captain X...lol). I left him numerous messages and no response. Not even from his executive staff. I know you may not have any shares with MYFT, but you post daily here so I thought you'd be kind enough to help us out on that end(calling Mike)?
I haven't met one honest CEO in charge of a pink firm. There are no CEO's who are of their word at pink levels. Too many external factors outside of their control. I have spoken to CEO's of pinks and on occasion met one or two, but I think that Head's company is closer to legit than most of them. The ones I have met are well intentioned, or at least appeared to be.
I personally think that the mob mentality doesn't work among us, we are too civilized for that. Calling apparently hasn't worked, but from what I was told, the company is doing "better" per feedback from an MYFT employee last week.
So the only conclusions I continue to draw, in spite of a long way towards EPS, etc. as you aptly mentioned, is that MYFT wants the audit because a Transportation/Software Freight Management firm is interested in buying MYFT...IMO.
The other conclusion as to a rationale towards an audit is for the purpose of uplisting...IMO.
The million dollar question Captain X that I believe you do not have an answer(nor do I)so I will pose this as a rhetorical question is:
Why is MYFT(potentially) paying for an audit when the pink sheets do not even require an audit?
It doesn't even require private pink firms to report their financials, the last time I checked, imo.
The whole mention of an audit would only make sense to me if they are: 1)in the process of being acquired(or interest in being acquired down the road), or 2)uplist....IMO. I believe liquidity is a big problem here (as well as debt) as is with 99% of pinks, this one included.
Having said all that, I am still long MYFT....Plaz
Captain X: The fact that MYFT eliminated anything much less $758,000 + interest owed(albeit in exchange for preferred stock) would indicate to me a certain level of responsibility and/or cooperation in addressing any auditors concerns,IMO.
I appreciate the slew of numbers and past PR's proving your point, but the bottom line is that we are NOW where we are. You've took us through MYFT, MFCM,CMD,MFW, memory lane with the same past PR's and financial releases.
While I appreciate the numbers and your post in general, is there anything else NEW you would like to add that we do not already know?....Plaz
Nice Post Micro....Plaz
Right on the nose micro. Who cares when audit comes out? If you believe in the company mission and overall goals, at these levels there are no regulations regarding audit timelines. Mr. Head and his team have the right to change their minds....Plaz
Btw, Brama, I appreciate prior post towards me. Never got a chance to thank you. Thanks for the love....Plaz
We'll see how this all turns out.. Plaz
Very good post Micro. Plaz
Until I find or hear something of substance re: MYFT, this will be my last post on this board for a while. Have a nice weekend, and stay the course......Plaz
Does anyone know anything else about MYFT other than what we already know?
GOOD MORNING ALL: Nothing but crickets out there....lol...Plaz
preaching to the choir here but yes yes, I believe...I BELIEVE!!!!..Plasma
Logistics sector M&A for Q2 of 2011 were shaking and baking:
http://eyefortransport.com/content/ma-activity-logistics-sector-jumps-q2
AGREE...more trucks on the road than I have seen in years. Logistics M&A looks strong for Q2. Companies are consolidating like crazy, check out the link below. This will be over sooner than later,imo, in4!!...Plaz
http://eyefortransport.com/content/ma-activity-logistics-sector-jumps-q2
Buckeye:I hate to agree with you on this point, but there is nothing indicating why we are going up, no PR no audit, nothing verifiable or credible, imo.
As a long myself, I am glad its going up(albeit temporarily), but I too think that there will be a pullback to where we were and perhaps below that. Too many shorties and day traders on this stock, imo. I hope I am proved wrong......:) Plaz
Look at their management team experience as well. Take a look at just one example which I think bodes well for MYFT:
"Michael August brings to TMW over 25 years of experience in organizational and business development. He has hands-on experience with more than 40 merger and acquisition transactions for both large and small companies, including BAAN / SSA GLOBAL, AnswerPort and Computer Science Corporation."
Key word: Mergers and Acquisitions, exactly what MYFT is striving for,IMO....Plaz
http://www.tmwsystems.com/managementteam
I have been stacking on the dips for awhile now. I am not selling a dime. One of my closest friends works in the transportation/freight sector, and he told me that he's more busier than ever. Regardless of where they uplist (although I think it may be the OTCQX), they have a solid plan from what I've read, and with some more accredited funding, this may be the next "microsoft" of the freight industry re: 3PL, maybe a stretch on the microsoft statement,but we'll see.....Plaz
subpenny levels here we go.....weeeee!....Plaz
"Mr. Head continued, "Our executive team is focused on the long term goals of the Company as further evidenced by the fact that we are at the completion stage of our fund raising efforts, which will ensure the completion of the financial audit and the continued growth of the organization. Please note that our executive team and I are well aware of the short-term negative impact that our share price has endured during our recent 'quiet period' and the delay in the completion of our financial audit. However, our focus remains on the long term, as we hope that it is for all shareholders. I'm confident that those shareholders who continue to be patient will be rewarded." I take Mr. Head at his word,IMHO...Plaz
Go get'em micro you da man!... Plaz
Bramabill: Good to hear from you. Welcome back to the MYFT revolution. Its about time you checked in with us(heh heh)....:)
In4luck, Brooklyn56, Chrissy, Monkey, dollars2bhad,Champ, among others did a good job in holding up the fort for you. You are the moderator, you have the helm, soooooooooo as Ed Sullivan used to say....."take it away"......Plaz
LOL....your absolutely right!!! ....lol Plaz
IN4LUCK: no link on MYFT website for this board from what I've checked. However there is a link and logo to the Yahoo Finance website with MYFT stock symbol PPS information, etc, and message board link on the left column.....Plaz
In4: Agree completely. MH, let's get the show on the road!....Plaz
Micro: Way to go. Great explanation. At these unregulated levels to believe in exact timelines is to believe there's snow in the Sahara desert. Go get 'em!....Plaz
jrlsss: Bingo. Great post! Right on the nose.....Plaz
Get 'em while they are red hot!....Plaz
BINGO!! .....Plaz
In4luck: Definitely feels like slowmo. They probably don't want to put the cart before the horse. IMO, the audit is done, waiting for SEC certifications to come back, then it's time to rock and roll...imo...Plaz
I might be going out on a limb here but Drew White coming to MYFT means to me that the audit is done, and that they have alternative funding streams for MYFT, imo. As a previous Auditor at Ernst and Young, he is not going to a company he hasn't researched well or has not been audited imo. I am sure he has the blessing of MYFT's auditing firm out in Phoenix.
Drew's previous company, Capitus Group, specialized in companies facing transition, looking to expand,re-capitalize,evaluate acquisitions,equipment purchases,many of the core competencies that MYFT is planning or currently doing. He is still a managing member of the group according to its web site:
http://www.capitusgroup.com/our-people.html
Plus I strongly believe he has connections to future money sources, knows people in the SEC, and can steer MYFT to uplisting and NASDAQ in the next couple of years.
This is a good move for MH and his team, and as a value add-on, he knows the local dynamics having worked at Sprint nearby. We'll see how this all plays out.....Plaz
Good Post....Plaz
It ain't over till the fat lady sings...still holding....Plaz
Damn day traders....Plaz
Not too many bashers checking in after that PR...lol....Plaz
Right on the nose Champ.....I'm with you. Today's PR was direct, to the point, substantive, no fluff nor blue sky. No BS, just real talk, from a very well grounded CEO with a clear vision and understanding of the economic turbulence going on around him. This CEO speaks truth to power, a rare gift. I'm adding more today.....Plaz
BB56: BINGO!!! Right on the nose!!....Plaz