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LOL,your GUESS is as good as mine
If this PR was to slow the dip then there would have been one to keep it from hitting the .20s.
I don't think so, if so they would have been dumping PR all along.
I think it's safe to assume financials will be submitted withing the next cpl days, if not today.
I'm well over that 10K mark, very interested in what your visit produces
I've sent multiple emails to no avail. I agree we should be close, I would think by the end of the week. Upon filing I would also expect multiple PRs touting the progress made. I seen a post on here that this would never go over a dollar, even with great financials. Given past history of this stock I would disagree completely, if they can get their filings consistent and on time I could see this holding over $2 by end of year.
With volume like this it will be a slow drag either way.
That volume was pre RS, it would be nice to even see 200k for volume though
Were in the window for finacials to be released. Auditor has had a month so far, if not this week then next week should see 10K
Wow , what a day so far. Feel like i'm at the casino playing roulette.
Is that what your magic ball is telling you
Instead of sending anyone on a ghost hunt, you could have made an easy answer. SEC only requires a 10K to be audited, as they are expensive and time consuming, audits of 10Q are not done.
Yes, my best guess would be 1st week of august. MDTR could put an end to this speculation by putting out a date. The auditor has had it long enough by now to give them an expected completion date.
I don't see it hitting the .30's again either, i'm sure a lot regretted selling just to see it jump back into the .50's. As for the audit, I agree at least 6 weeks, could be sooner but unlikely. Once the 10k is filed though the Q's will come quickly as they will be unaudited.
Thats awesome, hope your getting a list of questions together.
If they develop the ability to manufacture, that will be huge. It will open them to a whole new industry.
They have a signed agreement with polynation to buyout and cancel the purchase agreement. I think it safe to assume once they have the capability they will exercise their right to cancel with polynation.
LOL, I wish, been a long time since I visited CA, the late 80's. Was just a pup back then.
It is my understanding they also own the molds. Materials are readily available as they are widely used in the medical community.
I would like to go, long trip from Virginia though
Many companies love to show off their facilities, hard to miss injection molding equipment
Excerpt from 8K, looks like their moving in the right direction.
The Registrant intends to terminate the Production Agreement as soon as it is permitted to do so and it has funds required to do so. The Registrant does not now have such funds available and can give no assurance that it will be able to obtain them.
The Registrant believes that the difference between the cost of manufacturing Medtainers® and the amount that the Registrant is and will be paying Polymation for them is substantial. In the event that Registrant terminates the Production Agreement and manufactures Medtainers® in-house, its operating costs will decrease by the amount of this difference, provided that the Registrant’s production costs are the same as Polymation’s. However, the Registrant will need to acquire the equipment necessary to manufacture Medtainers® and be ready to manufacture Medtainers® before terminating the production Agreement. Until the Registrant terminates the Production Agreement, it will be paying more for Medtainers® than it is paying under the 2013 Distributorship Agreement. Thus, until the Production Contract is terminated, the Registrant’s operating costs will increase over those before the Closing.
To the extent that the Registrant is able to sell more Medtainers® than it will be required to purchase under the Production Contract, it will be able to manufacture them in-house or acquire them from a third party, but unless the number of Medtainers® that it is not required to purchase under the Production Contract is substantial, doing so may not be cost-effective. The Registrant will be able to obtain Medtainers® without relying on Polymation. The Registrant intends to continue its efforts to sell Medtainers® globally, which, if successful, would increase demand for Medtainers® and could cause increase sales volume so as to their production at one or more of the Registrant’s facilities to be cost-effective. As a consequence of the Registrant’s acquisition of the patents and the trademark, it will be able to defend the Medtainer® against infringement and counterfeiting more effectively than at the present time. The Registrant believes that such acquisition will enable it to invite larger companies to explore the possibility of strategic partnerships, expand into other container markets and diversify into associated and\or new markets.
Still no response from Jack, very frustrating. I'm not even questioning financials. In the 8K filed last year they laid out a plan to start in house manufacturing of the medtainer. This would be a huge boost to their botttom line. They announced doubling their facility space... So, are they in the process of acquiring the equipment and setting up for this to happen? I think it was Godzilla or someone on here that lives local, maybe they could make a site visit.
You never know, auditor looks very reputable. Timeline will depend on how many people they can put on it. MDTR is not huge as financials go and only 2018 has to go through full audit.
Lol, still at it huh
Cooler heads are prevailing
Oh I get it, seems you don't. There come a point where you cut your losses. I'm surprised it took them that long to realize Pregar was feeding them BS. Do your own search of accounting firms that were dismissed or "abruptly" resign. There are many circumstances where a company would fire there auditor, #1 is failure to perform which Pregar obviously did. After failing to complete 10K and 10Q heading to 2nd 10Q what choice would they have. I have personally fired two accountants, one for over billing and another for failure to perform.
Audit had to be for the entire year, so they had plenty of time to complete Q1-Q3 and get a head start and 6 months for Q4. Obviously they didn't or they would have been asking for an appraisal that would have happened last year instead of Apr 2019 It is more likely MDTR got fed up they were asked to resign or face dismissal.
Seems you lack due diligence in your research. Paritz & Co. the previous accountant merged with Pregar...so they did have all financials. They also did the previous cpl years. Paritz "resigned" and Pregar named new accountant, OMG it was so abrupt I thought the world was ending. Pregar certified that there were no adverse findings or disagreement. So to say there were problems with the "figures" is just false, unless you think Pregar is a scam company too.
Again your premise of a scam Co is unfounded, you have no info as to the circumstances of the resignation. Pregar was hired in Oct 2018 to do audit, 9 months for an audit is ridiculous by any standard, for whatever reason.
Wow, your insightful, of course they filed an 8K, as required. That by no means make it a scam company. It is common place for an auditor to resign rather than be dismissed. A scam company wouldn't even bother filing as an audited financial statement is very expensive.
I think those days may be gone also
They have already addressed those issues previously
At least it's just 2018 that has to be audited. 30 days is very conservative.
But do we need to see it over and over every day
Any new info on their expansion, plan is to produce in house.
I'm sure we won't know till the 8K, like we would ever see a PR.
Thanks for sharing your bit of wisdom.
You can follow the 8Ks to track CEO selling shares, he sold some last year. Where you get info that this is a side business for him. Don't confuse Jack Rein "marketing" with Curt Fairbrother CEO
Any opinions on when to buy back in