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Sorry Orangeman, did not mean to offend you. Anyway you know why I don't post on RB, just meaningless drabble. I would add Pato to the list. He calls people who own a stock and talks 'bad' about it a basher. What is he, Ken Lay's son. Would he talk 'bad' about Enron if he owned it? You really have to question the motives of certain longs who do nothing but chearlead and how dare you say anything negative about a stock that you own. He is the only fool in the world where the stock is dropping faster than a rock and thinks that is a good thing. I'm sorry, but I have to seriously question his motives. I admit, I am very critical of this stock and I have real reasons to be. How many PRs can you believe before you ask yourself, OK where is the money? Somebody should ask him how he feels about the dilution of this stock. Orangeman, you know this, if he dilutes, the stock position goes down because of the negative downward pressure of dilution! Nice post about the s/o getting blatantly disrespected by Talbot. He's done that too me a few years ago. However, when I first met him, he was a really nice dude, sounded professional, but I learned much later that he sounds like a car salesman trying to sell me a Mercedes with a blown engine. And you have his sidekick Whitehead who acts like he knows nothing about the financial side of the company. He is the most optimistic person on the planet when he talks about VSCAN. Well I filed my SEC complaint months ago when the financials were late for the 2nd year in a row. I'm even considering a lawsuit just for principle. Maybe I can get a class-action going. I'm very serious about this especially after laughingotter's post with Talbot.
Talbot, I know you are reading this.
Signed,
by your neighbor in Seafeathers Bay. Oh how's the renovation coming along? Lots a traffic there, isn't it. Sure not like your photos on your website...I wonder how you're gonna pay your rent? Maybe I should publish some photos of my own? There are many free web posting sites that I can publish on you know. Hmmm, some $2 million you can declare as a loss for 'tax' reasons, plus the $700k rent, plus 'renovations', that sure is a lot of VSCANS, isn't it? By the way, hows Teltek? Actually don't worry Talbot, no need for me to do anything...I kinda like watching this, what goes around comes around my dear friend. OH I forgot, you don't read chatboards. LOL!
Laughingotter, I know you are the messenger, but some questions for you. Was he nice to you after a couple of people got the shaft and possibly he was reading the chat boards from his responses? But anyway, what you wrote is exactly why I do not believe Talbot and PROVES he is lying. First and foremost:
"1) Has the company received the $25MM from the Nigerian contract yet? No, it comes in tranches with the first one in 30-60 days.
2) Have any shipments been made yet? Yes, the company has 220,00 kits ready to ship to Nigeria to the military due to go out in 2 weeks. The company only ships once it has received payment for the kits. There are 315,00 kits due to be shipped to China in the next week or so."
How can he say the shipments have been made in #2 and yet he has not been paid, but only shipments occur when MSITF is paid? In fact he said shipments have been made and yet it won't go out in 2 weeks? How can a shipment have been made if it hasn't even gone out yet? AND MOST IMPORTANTLY, how is he going to ship to Nigeria WHEN HE ALREADY HAS A MANUFACTURING FACILITY THERE!!! Same with China! How can he ship to China when ONE, only Medmira is the only Canadian company to ship to China AND TWO THEY HAVE A MANUFACTURING FACILITY IN CHINA!!!!
"3) The company annouced in Jan that it had shipped 165,000 kits and estimated about 200,00 for Feb and 250,00 for March - were these shipments made? Yes, the company has been shipping and at about those levels. The company receives payment before shippping and is in great financial shape right now. "
If that is the case, then how does one explain the massive issuance of shares in just a few weeks worth of time? What does Talbot do, he issues shares and then cancels them!?!?!?
"4) How is the FYE 2004 audit going? It is just about done."
Um, do you know how long he's been saying that? And not just from me, but from other posters?!?!?
"6) Why does the transfer agent report almost 3 billion shares outstanding when the company reported about 2.1 billion in March - which is accurate? The transfer agent doesn't know all the transactions that are going on with the company, which includes cancelling shares/taking shares back into treasury, when certain deals do not get consummated. The 2.1 billion share count is the more accurate figure. The auditors are the ones who come in and reconcile the exact share totals and the audit is just about completed."
Well thats just an outright lie plain and simple, ask any broker. Where do you think the auditors get the share count? THE TRANSFER AGENT!!! In the past week he issued 30 million shares and yet he is cancelling shares/taking shares back into the treasury??? When certain deals do not get consummated? You mean like Alladin? How many other deals did not get consummated? If a deal is not consummated, then how is he cancelling them? He is buying them back? He is making no sense at all, again ask any broker.
"7) Why is the stock price so low if the company is doing so well? The market makers and others control the price movement and work to move the price down so they can buy low and make money on this stock. Their day will come."
Please oh please tell me you are not buying that excuse! It definitely appears that he reads the chatboards. Notice how he did not say naked shorting. If the price keeps dropping, how are market makers making money? Who are others that control the price movement? He sure knows a lot about market makers now doesn't he. Don't you think he would file a lawsuit against the market makers? This guy is the biggest liar on Earth. What a fraud. I like how he ended it with 'their day will come'....it appears that Talbot's day has arrived now there is nothing he can do to prop this stock higher. He is finally getting his just due. I should get my shares in certificate form, smother it with feces and FEDEX it to him.
Hmmm, I've been reading RB and I don't post there cause there is a lot of meaningless drabble. Orangeman, I used to work in a company that developed software to identify speech patterns and linguistic recognition pattern systems...just have a question for you. Your style has strong similarities to Herdee0 over on RB. I recall that there was a week when Herdee0 was away from his computer and somebody was posting on behalf of him. The funny thing is I never really thought HerdeeO left in the first place. The weird thing is that Herdee0 and the guy who substituted for him awfully reminds me of a person named Mirko_crocop? Does that name ring a bell? I believe his posting reminds me of another individual as well but I just cannot remember at the present moment. Oh well, if it is not you, my apologies.
Here's another wierd thing I recognized. There is a guy on RB named Roamer. He awfully reminds me of LasVegascruise who happens to be a Honda mechanic. What would a Honda mechanic know about pennystocks? He keeps saying MSITF will do just fine but if you look at his posting history, the stock has declined massively. I wonder if he has ulterior motives? He talks about how hedgefunds will lose and the shorters will lose, but it appears that they have been winning quite consistently. Unfortunately I do not know how to short pennystocks, I was told by my broker that you cannot. If one can short regular stocks, why the discrimination against pennystocks. IMO, it would be perfect, just short a pennystock after a massive spike. Why doesn't this Roamer character blame Talbot for diluting his position? The evidence is there.
How does one explain the very quick business relationship with Equitilink? Do you think Talbot and company (whitehead in particular) have all of a sudden stopped reading and posting on stock message boards? The stock and the people on it are very peculiar...
Well Laughingotter, you amaze me more and more:
"Guess we will just have to see what happens with MSITF over time."
Guess!!! I don't need to. I've had 5 years worth of experience to know what will happen to MSITF.
"2) Re: Alladin contract, didn't go back that far in my due diligence and can only guess that the contract did not happen since no revenues were ever reported."
If you've invested since 2004 as you claim, then how far back did you go in your due diligence? I can provide plenty of examples each and every year since I've own this stock. Can you find Alladin Pharmaceuticals? Sounds like a legitimate company? That should be easy enough, yes/no?
"I merely asked what your objective was since you have stated that you have virtually no meaningful investment in this company at this time. A reasonable question"
Whats an objective of any stock board? To discuss the stock!!! I have shared my due diligence, have you?
"And sorry there is not an ignore option on this board - we could both use it."
I'm pretty sure you do use the ignore option, you definitely choose to IGNORE facts. I definitely want to read what you say. Again, I am always open to something that I may have missed.
How do you feel about today's dilution reports especially considering the last 7 business days trading volume?
Speaking of due diligence--OS UPDATE.
On May 11, I called Island Stock Transfer.
The OS then was 2,897,641,501
Today I called, and it is 2,913,641,501.
In 7 business days, the OS increased 16 million shares.
That is 2,285,714 per day.
Hmmm, I am led to believe that PR=dilution?
Here is there phone # for anybody to call: 727-287-1512.
Good luck investors.
Laughingotter, now I'm convinced that you are an insider. Who the hell made you the stock board proctor? You decide who is valid or not? Why do you post on many boards (I'm assuming) if you are not paid to tout? You are very evasive to even answer my questions about Alladin Pharmaceuticals. ONly an insider would not answer such questions. Again, don't evade the question: Do you believe Alladin Pharmaceuticals contract existed!!! The answer to this question is the very heart to all the other 'contracts' that you so supposedly believe in. What is your so-called due diligence? The fact that VSCAN is in Watson's? Oh yeah, I bet they are flying off the shelves, aren't they? If something cannot be verified in the financials, then what is it really? Answer: blind faith or company insider touting this stock.
Funny, you are the MSITF board police. I guess you decide who can post or who cannot. Skeptical on my motives, why not the same skepticism on Talbot? Where is this Nigeria contract? Did they get paid $25 million upfront, or is it going to be paid later? How do you explain the OS being 2.9 billion? Did your due diligence uncover that FACT? Financials late for the 2nd year in a row? Why are you really here....You supposedly are a new investor and yet talk like you own the company...Sounds and smells like a paid tout. Tell us, how much were you paid? Speaking of new developments, where can they be verified? Are you that naive that you believe everything in this company's PR. NO I don't think so...it has traces of a paid tout. But your credibility is already shot because you couldn't even answer if you believe that Aladdin Pharmaceuticals contract of $25 million existed. And that right there speaks volumes. Its immaterial if I posted last week or five years ago. And I have posted many years ago (not on this site), but I bet your due diligence couldn't uncover that.
" why are you just now bothering to express your opinions on MSITF when you essentially have no gain or loss to be realized? Are you doing for yourself? "
Why not, don't I have a right to? Do you not believe in freedom?
"And why the fixation on 5 year old history when there are plenty of current announcements to be doing due diligence on?"
Already did, remember the 2.9 billion o/s?
"ince you basicly admit having no personal interest in this stock (your investment is so small that you can't pay the commissions out of the sales value),"
YOu are weird. The reverse split destroyed my significant investment. But posting a couple of times a week makes it seems like I have some agenda, incredible. YOu are a perfect Talbot investor...
Laughingotter, you said
"...If you are not a stockholder (and I get no sense that you are); why are you spending time on this board if you think so poorly of management and the company. What is your motivation for spending time on this board?"
Hold up dude. Apparently you did not read my posts. I still am a stockholder. Read the following excerpts from my past posts. I do not know how you could not comprehend that. See the quotes below:
Post #605
"I originally bought this stock after the $25 million dollar contract with Aladdin Pharmaceuticals back in 2000. And yet, the financials post that period did not record any revenues from this whatsoever. Therefore the recent contracts of late unfortunately have a strange ring to it and thus the adage "show me the money" in the audited financials. The 2nd year delay of the financials concern me more this year than last year and that is very troubling especially when Talbot told me himself that "the kits are selling like crazy" and this was a couple of years ago."
Post #614
"Tell that to somebody who has invested and believed in the company since 2000. I was a victim of this reverse split and it is entirely relevant to me. There no point in even selling what I have. To make such a brazen attempt in defending that it is irrelevant makes no logical sense whatsoever. When a reverse split happens soon, IMO, would you still take that stance? I sincerely doubt it. Alladin Pharmaceuticals sounded real nice, the contract sounded great, the product I thought was revolutionary. And yet for some reason or another I cannot find, locate, or even verify that Alladin Pharmaceuticals exist."
"Again how do you explain the contract with Alladin Pharmaceuticals? Do you believe it existed? Post financials since that time have no accounting of it. Have you seen it in the financials? I am very serious about this discourse as an 'investor' for 5 years."
"At least I have the option to sell, but it'll just barely cover the commission. Take it from a long term investor who once had the belief like you did."
Post #627
"At the time when I bought this stock, I really did not do research on the CEO itself. I had no reason too until certain things did not come to pass. I asked myself, am I alone in this matter? I scratched the surface a little bit and uncovered a web of unethical business practices, outright lies, and severe distortion. But I learned my lesson in that one must research the past of the company and those who run it, especially if you plan on investing in a company that supposedly had a promising future."
Post #634
"And like a dummy, I'm still waiting on the $25 million contract from Alladin Pharmaceuticals from the year 2000. That was no promise, they actually said that they were awarded a contract for $25 million."
-------------------------------------------------------------
"Re: my interests. I have been a stock holder since 2/04"
You are still a newbie to this position I see...
"The due diligence I have done gives me comfort that cash flow will be generated from the VScan product, that continued issuance of dilutive shares can stop with the generation of cash flow,"
If you've read the PRs since 2000, they should have generated more than enough cash flow to stop diluting. But when I called Island, they informed me that the o/s is 2.9 billion which means they have not stopped diluting. And this was after the r/s of 2001. Funny how they split after I buy it...
"My motivation for spending time on this board is to benefit from the due diligence of others, share my opinions on a stock in which I am an investor and in which I have a strong self interest (and that includes being as realistic as possible on the negatives so I can sell and minimize my loss if that is the appropriate self-interested decision), and hopefully make money in end."
How am I any different than you?
"Are you trying to save me and others (being altruistic and donating your time for the benefit of others) - or do you have an interest in seeing the value of this company diminished."
I never said that I am trying to save anybody. I'm not the Pennystock savior. You do what you do. I could care less. I came here to make money, but unfortunately have not. In order for me to make a profit, the share price would have to exceed well over a 80 cents, maybe even over a $1. Currently its price is barely holding one-quarter of a penny. At this point, it doesn't matter to me if it goes down to zero as I've pointed out in my previous post because I still can't even cover the commission that I bought it at the time and the commission to sell. Let me ask you: DO YOU BELIEVE THE CONTRACT WITH ALLADIN PHARMACEUTICALS FOR $25 MILLION EXISTED? WHAT DOES YOUR DUE DILIGENCE SAY ABOUT THAT?
I see that MSITF is shipping kits to Iran. Had no idea that they have an HIV problem. They seem to be a fairly strict conservative Muslim society. I have a hard time believing that there are many sexually promiscous people in Iran. I also have a hard time believing that they have a large drug problem. In fact, I really don't know when they were approved. I do not recall any PRs about Iran before. Now they have approval all of a sudden?
Ah Mr. LaughingOtter. You obviously have taken the
time to see when I was 'born'. Did you take the same amount time time in reading all of my posts? There aren't that many. Its only barely a week old. If you would have read my posts, you would have understood my 'interest' in the position. Therefore, I must ask you the very same question. Do you have any ulterior motives?
"Sparco - alias established on 5/12/05. What has sparked your interest in this stock, especially if you are so negative on it? Any ulterior motives?"
This company has never made more than $2 million in audited money. Now all of a sudden they are having $25 million contracts here and there. And like a dummy, I'm still waiting on the $25 million contract from Alladin Pharmaceuticals from the year 2000. That was no promise, they actually said that they were awarded a contract for $25 million. And quite frankly and in all seriousness, I don't even think the audited financials whenever they are published would even move this stock up. In fact, most likely it will move it down because every investor here will be like 'what, what happened to all the contracts in 2002-2003?' And once they realize they've been duped, they will sell. The problem is who will be willing to buy your shares when you sell?
Doodlemike, the past is entirely relevant especially when one considers the plethora of corporate scandals. History tends to repeat itself. At the time when I bought this stock, I really did not do research on the CEO itself. I had no reason too until certain things did not come to pass. I asked myself, am I alone in this matter? I scratched the surface a little bit and uncovered a web of unethical business practices, outright lies, and severe distortion. But I learned my lesson in that one must research the past of the company and those who run it, especially if you plan on investing in a company that supposedly had a promising future.
" but your personal experience of it does not make it relevant to investors today. You are not the first or last investor burned by a reverse stock split of a pennyland company."
If or I should say when MSITF does another reverse split and changes its name (you cannot say that they haven't done it before, and it was more than once), it would be entirely relevant to shareholders today. Again, I have a little more experience and time in this stock than you and have seen what they have done to me and many many other investors.
"For me personally, I've owned the stock since buying it at 0.0003 in July 03 and those shares were worth nearly $200K at one point."
What a shame, to have that much invested and not to have sold at an incredible profit. I'm afraid that was your biggest mistake. In fact, I believe that you have not made a profit since you owned this stock, right? Is it not true that your average cost in MSITF is practically what the current share price is at this moment? Buy low and sell high, but don't get greedy.
"If you've read my earlier posts on this thread, I indicated that Talbot and MSITF have published promises that did not come to past, including Alladin. I am confident in my verified fact based belief that the press releases regarding the regulatory approvals and recent contracts are genuine."
Do you mind sharing your sources of 'verified fact based belief that the press releases regarding the regulatory approvals and recent contracts are genuine' ? I have remained somewhat skeptical but would be happy to convert my opinion if you could share your sources not only for myself but other people who have questioned them as well.
"What is "misguided" about my explanation that MSITF is under no regulatory mandate to publish financial information? If you know something otherwise, please do not hesitate to offer it."
I stand corrected and should not have used the word 'misguided'. There is no regulatory mandate to publish financial information. What is misguided is the belief that it is OK not to publish that vital information. Just like my opening paragraph regarding corporate ethics, Talbot has a moral duty and obligation to publish such information. I have a right, just like other shareowners, to know how our investment is being used. When you run a company and run a business you are beholden to your shareholders FIRST. You do not spit on those that helped finance your operation. You of all people should demand that Talbot release audited financials. But then again, since he is not legally required to released financial information, then technically he is really not late in publishing the financials?
ivearnedit, the site that you reference is common, similar to Kerry & Associates. MSITF pays these companies whether in dollars but most likely in stock to 'promote' these companies. If you read the disclaimer on the website, it'll tell you all you need to know. Pay special attention to how much EGS is getting paid from MSITF and make your own conclusions.
Mr. Doodlemike, that was a really silly reply and am not sure to take it as such or feel compelled to find some ulterior motive in defending management.
"Any reverse splits MSITF had prior to the last one in 2001 is entirely irrelevant."
Tell that to somebody who has invested and believed in the company since 2000. I was a victim of this reverse split and it is entirely relevant to me. There no point in even selling what I have. To make such a brazen attempt in defending that it is irrelevant makes no logical sense whatsoever. When a reverse split happens soon, IMO, would you still take that stance? I sincerely doubt it. Alladin Pharmaceuticals sounded real nice, the contract sounded great, the product I thought was revolutionary. And yet for some reason or another I cannot find, locate, or even verify that Alladin Pharmaceuticals exist.
"...the company has bagged $50+ million in contracts for its products for current investors. When I do the math, I simply do not see 2B shares as "massive dilution" when the benefit from those shares is $50+ million in contracts and that's just the beginning."
Not to sound skeptical based on past experience, but how do you really know they have even these contracts aside from the PR? Or is it the case of blind faith? Again how do you explain the contract with Alladin Pharmaceuticals? Do you believe it existed? Post financials since that time have no accounting of it. Have you seen it in the financials? I am very serious about this discourse as an 'investor' for 5 years. I am fully aware that I will never make my money back but thats why I don't put large amounts of money in any Pinksheet stock.
As for your misguided assertion that MSITF does not have to legally file financials due to being a Pinksheet stock will be the main reason why this stock will continue it unfortunate 8 year decline since 1997. If the competition does what is necessary to assuage their shareholders with complete verifiable information and financials, there is no reason that MSITF cannot. How you can defend that is beyond me. If that is the case, then MSITF should remove the verbage from their own website that they "are a fully reporting company". MSITF has blurred the line between legitimacy and outright corruption which unfortunately is far too prevalent in Pinksheet land. In fact, real companies do not do what MSITF has done to shareholders like myself and worse, those investors in Canada. At least I have the option to sell, but it'll just barely cover the commission. Take it from a long term investor who once had the belief like you did.
Doodlemike, I'm am sorry but there seems to be a sense of naivete on your part concerning MSITF and penny stocks in general. First and foremost, pennystocks are meant to be traded, not invested especially for a pinksheet stock as I have learned the hard way. As you correctly stated, no one should be surprised when pennystocks dilute and hence the risk associated with holding long term and thus the strategy of trading pennies strictly on runs.
"The one thing that I find amazing is how often people who invest in pennyland-subpennyland stocks complain about dilution."
"Assuming that the current o/s count is 2.8B (though I believe it remains in the 2.2B range), this is hardly massive dilution on the scale that is more the norm in pennyland."
No need to assume, the o/s is 2.9 billion, it is true. I called the transfer agent myself and you are free to call them. It was Island Stock Transfer and I spoke to Kara(?) So therefore we can disregard your naive notion that the o/s is 2.2 billion. With that being said, you are quoted as saying 'that is hardly massive dilute on the scale that is more the norm in pennyland'. I do not know how long you've had MSITF, but they did have a reverse split a few years ago that you have to take into account on the order of 1:15. THerefore when you take that into account, the 2.9 billion o/s (i said 2.8 previously but rounding it is much much closer to 2.9 billion) is really 43,500,000,000 which is 43.5 billion o/s. HOWEVER, I must admit that I cannot remember the amount of the reverse split before that one, I know there was one more previous to the 1:15 reverse split. Being conservative, lets say it was 1:10. Then on a pre-reverse split basis, the shares outstanding is 435 billion o/s. Now whether it is 43.5 billion or 435 billion, there is no doubt whatsoever that this stock is proven to massively dilute on a scale that is much more the norm in pennyland. In addition, if you do not know, this company is legally authorized to issue UNLIMITED SHARES and in the past the previous transfer agents were gagged. Not a healthy way to run a business. Also the statement below is false as well because of the pre-reverse split history is not taken into account.
"Though 2B shares are a substantial amount and have obviously contributed to the pain investors, particularly longer holding investors, have been feeling lately, MSITF has begun to reap the benefits from those 2B shares. A little mathematical perspective is in order. At today's price, those 2B shares are worth $4.8 million (or if you desire to use 2.8B shares, $6.72 million). And yet, the return on the 2B share investment thus far has been $50+ million in expected revenues in the coming next few years, a good portion of which should flow to MSITF's bottom line."
I originally bought this stock after the $25 million dollar contract with Aladdin Pharmaceuticals back in 2000. And yet, the financials post that period did not record any revenues from this whatsoever. Therefore the recent contracts of late unfortunately have a strange ring to it and thus the adage "show me the money" in the audited financials. The 2nd year delay of the financials concern me more this year than last year and that is very troubling especially when Talbot told me himself that "the kits are selling like crazy" and this was a couple of years ago.
" These expected revenue numbers are too significant to overlook and at some point will propel MSITF's stock price higher."
Your statement above is true. I still have not overlooked the Aladdin Pharmaceuticals contract, however, the pps has gone the other way.
"My personal expectation is that Talbot will eventually commence a share buyback once the steady stream of revenues start to flow. "
If I may ask, did he presonally tell you that?
Funny thing (actually not so funny at all), when perusing the audited 2003 financials. It is on their website for anyone to verify.
On Section 12. Income taxes.
(a) Non-capital losses
For 2004, MSITF is allowed to claim a loss of $2,234,000. For subsequent years till 2010, they are able to claim losses for several thousand dollars per annum.
WHATS EVEN MORE TERRIBLE IS THE FOLLOWING, AS IF THEY WERE FOREWARNING US...
Section 9. Share capital
(c) Stock option plan
Number of options: 3,200,000 which expired January 25, 2004 at an exercise price of 0.01
NOTE: ON JANUARY 23, 2004 HEADLINE: Medical Services VScan Rapid Test Kit Approved in Peru
Hmmmm, interesting.
Number of options: 65,500,000 at an unbelievable exercise price of 0.0005 which expired January 24,2005.
NOTE: December 2 and December 7, MSITF received approval in India and China respectively.
Number of options: 126,500,000 (thats right) which expired on February 20, 2005 at a superunbelievable exercise price of 0.00015
NOTE: BETWEEN JANUARY TILL BEFORE THE EXPIRATION DATE,
MSITF EXPANDS INTO TAIWAN, RUSSIA, AND MALAYSIA. ALSO TEST KIT FOR PROSTATE CANCER AND WINNING THE LAWSUIT.
Just a thought now that I look back. And here we are still waiting for the audited financials. And just think we are a little over 1 month away from the fiscal year end.
I called Island Transfer yesterday and was able to confirm unfortunately but yet not surprisingly that the OS is over 2.8 billion. Spoke to a lady name Kara(?) and the funny thing is that she said yesterday that I was the 3rd person that called yesterday. Well this is the price one pays when one has blinding faith in a so-called CEO. Its kinda funny the perception that some people have when they say Equitilink confirmed the OS as 2.1 billion. Equitilink is just a PR firm, not a TA. But when one is able to fly just below the radar its amazing how much gray one finds...I will not be buying anymore until I can get everything confirmed or verified. The chance of great returns can be very blinding, but the prospect of very real losses is definitely an eye-opener.