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Unfortunately the only thing I have won lately lem...99.8% down per Etrade right now...and sick to my stomach.
I will say this...the web chat should be interesting.
My point was just that even at $5/share, a number of people will still lose a lot of money for sticking with this company. My hope is that management will not jump at the first offer just because they can (due to all of their shares at no basis.)
A buyout is only worth what the price is. For example, I would rather hold the shares than take a $5/share buyout if revenues start appearing.
A quick question: I have seen the term "$1.5 billion contract" used quite often the past couple of days. Can someone remind me where that comes from? It seems to be used in relation to a NHS contract? The NHS budget, if I recall was approx. $4 billion for the entire IT programme project. Just trying to tie it all together. Thanks.
tjak:
I just can't imagine a realistic scenario where MDFY being bought by anyone in the near-term would be good for long-time shareholders. Based on pps, purchase price would have to be way too low to reward anyone other than those who have gotten in since the reverse split.
JMHO
I would agree. I have seen it with options, any vesting period is generally accelerated in the even of buyout.
Have to look at any type of buy-out this way. The buyer is in the business to make money so they want it as cheap as possible. Regardless of future potential revenues, the price would be multiple of the pps, and currently that is crap. IMHO no reason to think they would pay a 50x multiple...why would they have to?? The majority shareholders have no basis in their shares, unlike options they would have had to exercise. They make tons of money at a $2.00/share buy-out. At $2.00 per share, I automatically lose 77% of my original investment.
Eaxctly the way my shares work out....10.41 to 1
Takes the ol' basis from $10.76 to $8.59...that is SOMETHING to be thankful for. I do think it was progress to finally get a coherent press release, but I am disappointed that the original shareholder of record date is not being honored.
I will say this, that is by far the most succinct and articulate release to-date. Nice to see them come out and iterate that the 33 million shares are not included in the dividend.
Keep in mind:
Stock Dividend = Further Dilution
Further Dilution = Continued supression of PPS
MHO
So with an additional new member of management, does that mean next year's "salary" will total 40 million shares of stock??
8:22 am Eastern time in US on Friday. That should make it afternoon in UK correct? Does anyone know, did the switch get turned on??
One of a handful of people who paid nothing for them I am guessing.
17 million shares in the free float works out to 204 million shares pre R/S. Does that sounds right to everyone??
I believe JB, and now Ian, should be hard at work at making me a happy investor. Not because they should be afraid of lawsuits, negative bashing, or anything else. If they get me back to where I started (break-even), they walk away with $355.1 million ($10.76/share x 33 million shares). Boys, help me, help you!!
Has anyone else had any concerns that whenever Medify management is discussed, the CFO or any finance position is always absent? I am not being negative....just curious. I would think they or any company would benefit from the budgeting and planning aspect a finance person would bring to the table at a minimum. I am assuming they are outsourcing the recordkeeping function.
Any thoughts on the increase in volume?? People just taking the losses and getting out? I don't remember enough volume changing hands before the run up last week for anyone to make money at these levels. Just curious as to thoughts on high volume...would like to see enough interested buyers to push it up but apparently enough willing sellers to keep it from moving.
I agree, personal attacks will get us no where. But I certainly believe that the questioning of management decisions is not only a right, but a responsibility. MHO.
We have all agreed that it will take "new" money to move this stock up, whether it be institutional investors, or whomever. The 3rd party confirmation by EMIS was a great step in that direction, and I think we all saw that as a sign of good things to come and bait for new investors. However, with yesterday's report, it is hard to imagine any institutional investor who would enter into a stock when they have seen management reduce the outstanding shares by 12 and 6 days later issue themselves 3.5 times the number of outstanding shares, and not inform anyone about it. I'm sorry guys, but I don't see anyone wanting to play the game with those type of rules. And so they are restricted shares, but no one knows the restrictions. They could be 1 day, 2 days, 2 years, restricted to only selling off 1million shares a quarter, who knows??? All I know is when we grant 50k in restricted shares at my company, we have 4 days to file a Form 4 with the SEC, and I didn't see a Form 4, 8-K, nothing. The only thing I have seen with this company and the SEC, is their forward-looking statements at the end of PR's.
Sorry guys, I have been here since April 05. And while my dollar amount pales to some of yours, it is significant to me and my family. Like a number of things, this new positive tone sounds wonderful, and I would (actually already have) given much money to want to be positive. But when I think with my head and not my heart on this one, it's hard to find the silver lining.
I'll close with this. If management feels like they deserve 33 million shares in a quarter when the Company earned $3,182, what will they feel they are due when revenues are $10 million? As long as shares can be issued on a whim, it doesn't matter what contracts, revenues or earnings are, because EPS and the new investor pool will stay stagnant.
Good luck to each and all....
Recalling JB's e-mails about whether to take potential buy-outs in the short-term or keep the Company around for the long haul this week, I guess if i had 33 million shares at a zero basis I could be tempted to sell everyone out for $.50 ot $1.00 share if someone would pay it. Next time I will take my "investment" and go to Vegas...MUCH better odds and free drinks.
Given the SEC's irritation with options back-dating and related areas currently, I wonder what they would think of a Company which did a 1 for 12 reverse stock split, specifically per the CEO to increase the PPS to a respectable level, and then 6 days after artificially raising the PPS give themselves 33 million shares (which was not made public until 40 days after the fact)?
Key now is the sale of product to get revenues, and Jonathan to get new (institutional) investors on board to move pps.
Sorry if this has been done before, but can anyone explain the difference between what Medify's product does and what the PAERS product on the Blackberry does which was announced on 9/27? Is EMIS marketing two products which have the same function?
The positive news is this is actually on EMIS' website under "What's New".
http://www.emis-online.com/news.asp
Who knows what any of this means, but a sell of the Company for anything less than $10.70 (due to reverse split) and it means a loss for me that I have no chances of getting back. Needless to say, I don't see anything remotely near that for a Company that is trading at $0.20/share. Has we not had the reverse split and the stiock had been trading in the $0.10 range, my basis was an adjusted $0.89. Given a buyout in that scenario, while probably still suffering a loss, I can't help but feel it would have been MUCH smaller.
I would prefer to see a PR from either the NHS or EMIS about this "significant event".
Nothing like seeing a $10k "investment" come in at $45.80.
I would happily take 70% of what I put into this thing and go to the house for Christmas. But given that it would take $7.52/share to do that...I am expecting coal.
I'll give them this, regardless of language their writing style is remarkably consistent.
You have to love the fact that we are back down to $0.20, but this time we only have 1/12 of the shares I did a month or so ago. And instead of only needing to get back to $0.89 to breakeven, I am going to have to see $10.73/share now. Why am I doubting this is going to be a 54-bagger?? (to borrow board lingo)
I have tried searching Voice 2 Voice Ltd. and generally only get their website to come up. I see a number of "Voice 2 Voice Prepaid International" returns but was wondering if anyone else had luck with any DD on this company? I have been in this since April 2005, with what now seems like an unreachable breakeven point. Just do not have a good feeling about anything I have heard in the past few days.
For what it is worth and any consipracy theorists out there...both Medify Solutions and Voice 2 Voice websites are powered by the same "Oceandrifts" group. Just thought the webtsites were similar in layout and content.
I see. At end of September they have forward looking 12 month revenues of $96k. And have contracts "guaranteeing" them an addition 2,500 users per month so that at end of Dec 2006 they should have approx. 7,500 users locked in. Well, we'll know by March when the 10-K is published. Sounds good to me if the contracts are signed and in the drawer.
So then, we have 2,500 users per month in the UK x $80 per user, is that not $200,000 gross revenue and not $2.5 million? Sorry just trying to get my hands around it, have been here with my shares since April 2005 and have grown a little caitious when reading JB's PR's. Here's hoping for the best.
I hope the chart today is correct, but given the # of users listed and profit margin given, can anyone make the math work out???
Wasn't the June 30th quarterly report due yesterday (45 days after quarter-end)?
The new exchanges....
A question for someone more astute than I. Does anyone know if Etrade, TD Waterhouse, Schwab, etc will allow you to trade shares on these new exchanges? Or will it be a case of owning 3 shares of worthless versus the current 1 share of worthless?? Thanks.
Here are my thoughts..for what they are worth. To me the question is what percentage of the spin-off companies does the "parent" own. If they are going to have their own stock, then will Medify US own any of it or will it be owned by individuals/institutional investors. If none of the ownership is maintained by MFYS US, then to me the shares of MFYS US would be worthless because there are no earnings for that company.
Here is an example: Kraft Foods, a former subsidiary, was spun off by Phillip Morris. You can buy shares of Kraft by still partially owned by Phillip Morris. So the shares of Phillip Morris benefits by the earnings of Kraft due to them still owning a portion. However, if they had spun-off Kraft and not retained any ownership, then Phillip Morris' stock would not benefit from Kraft's performance.
To me this comes down to raising capital. Setting up 100% powned subsidiaries are one thing, but spinning off companies is another, with the sole reason being to raise capital through the sale of shares. Look at a common example: Toyota Japan, Toyota America, Toyota Europe, they all exist to provide the services needed for those markets....but they all do not have individual share bases.
All just my honest opinion....not taking sides in any debate...just want to see all of this figured out and us al move on to better things ahead...