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Why do you think it is overbought? I'm not knowledgeable about charts, but from what little I do know, PTEL isn't following any conventional wisdom on charts.
You have a company that has very few competitors that are publicly held....since the adult industry generates billions of dollars and the revenue streams are growing, I'd think that this company's entry into the public is in its infancy and will continue to grow, strongly, until it reaches some point of market equilibrium. I think we are far from that point.
Edit: Longtimers may still be buying e.g. laurap, pick, and many others, but the paltry number of shares we have bought, compared to the daily volume of the last two weeks, could not have run the price up from .0375 (my purchase price for 25k on 5-7-07, when the run began,) to .42 as of Friday's close. We HAVE to have attracted new investors, and in fact, I think we've seen a few new people on this board, as well as some long time gone folks returning like spawning salmon.
BTW, expect more news this week, including something soon on final 211 approval.
Many of us were in your position with a high pps.....mine came as a result of the 12:1 r/s......I wasn't a happy camper, and I certainly wasn't the only one. I still thought the idea was great, and bought more....thought I'd take a chance to average down because I thought that, once there were revenues to show, the pps would take off.
However, each time I bought, I was nervous about throwing $$ away. After a while, it got to be where I thought, what's a couple hundred more dollars.
I was right that when there were revenues to show, the pps would take off, but I thought it would be thru MDFY and a partnership like with eSource...never thought it would be from an acquisition. I like MDFY, I like porn.....reminds me of the old Reese's Cup commercials, two great tastes that taste great together!
Nik already had a relationship with either Philip or David from a previous marketing position Nik had before he came to MDFY.
Why don't you give these guys some credit, either that or put up or shut up!
What's the point of your post? What does it matter how MDFY and Petel came together. It's fine not to have trust, do your own DD. But ask questions going forward...questioning the whys and wherefores of an event that was purely a business decision, not something over which shareholders hold any decision-making authority, is pure folly.
If you don't trust them, sell your shares and go somewhere else. But, since you are still here, presumably with your shares intact, then there is something about the company you like. What could that be? Increasing pps that looks like we are on a rocket ride?
Don't look a gift horse in the mouth. Just enjoy the ride andthe view.....
Technically, there was NO merger. The app was filed before the acquisition, but, as has been noted, there were questions regarding operations when the company was called Blog8 and Securiteyes..
I've been given to understand that the 15c211 looks back in time, so, if true, the recent acquisition is irrelevant to the filing.
The company name is now Petel, Inc. As I understand it, it looks backwards, not forwards, so the fins for the new division wouldn't be included.
I was interested in your take, as your posts reflect thought and deliberation.
I agree that, at some point in the mid-term future, Medify will probably be spun off, but I would hope that that event would not take place until after at least a couple of Quarters in the black...I think its value would be much more greatly maximized when it is a proven revenue producer. With PTEL's additional $$ from stock sales and generated revenues from the core business model, I think that both sides can be further developed in a way that finances the Medify side, allowing it to complete its set-up with its partners to go live and sell subscriptions for MedifyRemote and SystemOne with TPP.
Nik has shown that he can design a publicity campaign that produces positive results...I, like many others, have had our curiosity piqued about whatever is to be announced on Monday. Between that and an intervening weekend for new investors to do their DD, I think Monday could be better than yesterday, assuming, of course, the announcement is positive.
With the 211 process hopefully nearing completion (maybe that is the announcement), perhaps there will be some consideration to begin the process to uplist to OTC:BB or NASDAQ, for greater visibility and transparency in accountability. That certainly would bring in more investors.
I understand your position on the nature of the new adult side - I think adult couples much younger than I - I'm 48 - more readily include adult entertainment in their intimate times....perhaps the view of pornography is generationally affected. (An interesting side note are articles in Newsweek and on MSNBC web site regarding the encouragement by some American churches and their pastors to their congregants to include adult entertainment in their sexual relationship to make their overall marital relationship stronger.)
I have written of my reticence in telling my wife about PTEL; that reticence stems not from the pornography, but rather it has to do with a few other investments that have not turned out so well...I'd rather show her that, while four or five picks lost modest amounts, the gains from 4 others more than made up for any losses.....MUCH more if I include PTEL. I have a greater understanding of this market than I did a few yeas ago....experience is a wonderful teacher.
GLTY.
I think the 15c211 looks backwards, not forwards. If I am correct in that understanding, then the acquisition of Petel is not relevant to the 15c211 application.
But I think there are others here who are more knowledgeable about the 211 process than me.
Jonathan Bryant, the guy with the idea behind MedifyRemote...no longer a director....still a shareholder....and still involved in the company's goings on.
Plenty of others can give you a more complete and colorful description of him.
Look at posts 19973 and 20026 about the reasons for the 211 delay....
211 – the NASD want a legal opinion to confirm that various transactions occurred prior to Medify’s reverse. These were transactions with Securiteyes and Blog8 months before the reverse. Obviously Medify does not have all the docs so this is just corporate diligence and is legal requirement.
OT:
Lem, you really DO have too much time on your hands.....I think this acquisition may have given you just the thing(s) you needed.
I'll leave to you and BV and MCA to play the expression "A bird in the hand is worth two in the bush"!
Have fun!
.41x.42 again!
Man, if the Dump is when the pps moves from .40 to .41, lets have more of it. Every penny it rises, the better I can afford to educate my kids....
I thought laughter was the best medicine....after two years of depression.....lol!
Yep! PTEL is in the right place!
Damn, Dog.
I'm proud of you.
Isn't that somewhere in the category of "been there, saw that"?
How about a case of champagne for JB, Ian, Nik, David and Philip....though I don't know what brand they'd prefer...
I was so p.o.'ed after that split...I had all of 500 shares left....not much, but considering what I had paid for my 6000 before....itt was a lot of $$ to me.
But with the pps so low as it was, and I still believed , with my head, that the MedifyRemote was a great idea, I ended up buying more. Strange as it seems, assuming the rocket ride continues as I think it will, that R/S may turn out to be a blessing in disguise.
But it has taken a LOT of discussion by the longs, and a LOT of DD by the longs, to help JB and the boys.....
All may be forgiven when that pps rises, but there is a lot of serious business left to do to make this a steady, solid, hard-charging performer. Yesterday's activities will raise a bunch of eyebrows, more than that got raised here, judging from the comments, but this can be a solid company with great earnings and a pps north of $10. JMHO.
Mike:
Thanks for the explanation. Sometimes some of this stuff makes perfect sense...other times, it's like a foreign language!
Well put.
Hindsight gives us such clarity of vision.
Lookup, what do you think about all the recent developments?
If you had done ANY DD, you would have learned that Petel, before MDFY bought it, was already in the UK market with its web site, content distribution and a public marketing plan. You would have learned that one of the Petel brands was a sponsor of motorbike racing in 2005 (Kawasaki, I believe)..
You can't put up a sponsorship with vaporware. If you don't think the revenues are for real, sell and go elsewhere. There will be no shortage of people willing to buy your shares.
Btw, look at the total volume over the last 8 days, and figure out how much $$ has been spent purchasing shares. I sure many long timers have added to their holdings, like me, but what I bought pales by comparison to the volume of shares trading.
Do your own DD before you start spewing....
EDIT:
I've been here for 2+ years, and while MYFS and MDFY might not have show much in revs, Petel certainly has and, as you can see, Nik is marketing the hell out of this company. Even Solid and BVwadddog have praised the top dogs in Petel, no small feat for management to earn their kudos.
Mike:
What do you mean, "look above for potential pps badge*"?
I bought some last Monday, May 7, at .0375 per share. Bought 15k more yesterday at .18 - was kicking myself because I didn't buy at .14, but I figured that, even at .18, I'd probably come out ahead.
Duh.
Buy at .18.
Close today at .36.
I guess I probably came out ahead.
Part of the goal of the PRs has been to attract new investors. AdultVest certainly, if they have looked at the financials and liked what they saw, would recommend PTEL to its investing community.
Can we see whether or not this has taken place? I'm not sure, but, I think that if AdultVest has looked at PTEL, then we should start to see much more traffic.
Like today...2.74M shares. What volume. And yes, I'm disappointed that I missed the .48 run, because I missed an opportunity to pocket 20k, but I don't want to be greedy, just patient.
Let's face it. There aren't many publicly traded adult entertainment business like PTEL. A growing shareholder base in an industry whose revenues show explosive growth (pun unintended)....why would the MMs slam it if PTEL will grow and make them more money?
I guess I'm missing part of the rational for MMs to slam a company with real products and real revenue streams.....
Does anyone have an explanation about all the little buy/sells of the same # of shares a half cent apart?
There are several buys at .365, and then the same # of shares sold within seconds at .36....talk about churning, the profit/loss is about the same as the commission...
Which MMs are doing that?
What's the significance of them popping up?
I was going to say flipping on a penny, but the share amounts are so small that it makes no sense, unless a MM is trying to stave off another serious uptick like this morning.
Can't see why they'd do that, though....I thought the MMs made money just on the buy/sell transactions.....I've seem more volume today that I thinkthis stock has ever experienced in one day.
Wow, 2.31M shares with almost 2 more hours to go.
Tell you what, Solid, I'll sell 'em to you now for $1.50!
MDFY acquired Petel, Inc. in an all-stock transaction. In other words, Ian, as president, bought privately-held Petel, Inc. from its owners, presumably David Morton and Philip Evans, using MDFY stock.....several million shares, I'm sure.
Then, the name of the company was changed from Medify Solutions, Inc. to Petel, Inc., and the renamed company got a new ticker symbol.
To the extent that the former Petel, Inc. owned other businesses, in Whole (not its hole, BV) or in part, then the former Medify, now Petel, owns those other businesses, too, at least to the extent that the former Petel had an interest.
The former Medify still has active contracts and partners, e.g. TPP, CSC, Vodaphone, Dextra Solutions, EMIS that, I would imagine, are still being fully pursued, albeit less publicly. I certainly haven't heard anything that leads me to the conclusion that any of those projects, such as MedifyRemote and SolutionOne, have been abandoned....to the contrary, I think that they are still proceeding, but the adult side acquisition has provided breathing room to quietly de-bug the EMIS clusterf*ck and finance the remaining start-up facets on the Medify side, while all the public noise is focused on increasing the market cap and pps and pursuing and expanding the adult offerings.
Sex sells. And pays for health care! Gotta love that combination!
Solid, send me a check and you can have my shares at $2 per.....and please, don't say "trust me, the check is in the mail"
Damn!!!!
I leave y'all alone for 1 hour. ONE HOUR!!!! Look what you did to the place!
And I missed it hitting over .45!!!
I could have sold all and bought back with over 10k in my pocket.
AAAAARRRRRRRGGGGGGGHHHHHHHH!!!!!
1.57M volume before 11:00 a.m. EDT
I have to go to work....otherwise, I'd spend all day watching upticks and tits, tits and upticks.....makes me wonder how long it will take my wife to ask why I didn't buy more at .02! LOL!!!
I broke down and got some more yesterday at .18.....I was p.o.'ed that I hadn't gotten it at .14!
Tjak:
I looked at an L2 a few minutes ago; SBSH on the ask at .22 for 100, Nite at .25 for 100.
SBSH was also on the bid at .19 for 100, as was NITE.
Does this mean the PTEL will open at .22? I'm just starting to learn what the L2 info means......feel free to correct me.
Tjak:
Info re: share outstanding is posted on the Petel, Inc. web site at
http://www.petel.co.uk/site/index.php?option=com_content&task=view&id=40&Itemid=52
Share structure (PTEL.pk)
TOTAL SHARES ISSUED
Number of shares issued: 138,351,305
Number of shares held in reserve: 2,083,332
Total number of shares outstanding: 138,351,305
RESTRICTED SHARES
Number of restricted shares:
107,702,393
RESTRICTED SHARES HELD BY MANAGEMENT
Number of restricted shares held by management:
53,950,000
FREE FLOATATION
Number of shares in the free float:
23,367,548
TOTAL AUTHORIZED
Number of common shares authorized:
450,000,000
Outstanding Shares: 138,351,305 as of 08/05/07
Estimated Market Cap: 2.53M as of 08/05/07 (based on Outstanding Shares as of 2007-04-04)
Authorized Shares: 450,000,000 as of 2007-04-30
Float: 25,577,008 as of 08/05
Why would there be a lot of selling at .25 if the pps is steadily moving forward? And why parabolic? I'm thinking of a parabola that arcs upwards and then turns back down....certainly not the direction we want, so I presume you mean an arc where the end point is decidedly higher than the beginning....
My chart knowledge is in its infancy, so pardon me if my question seems rather simplistic.
TIA for the clarification.
What do you mean, smack the ask? I've seen that phrase, or something similar, elsewhere. What does it mean, in a practical sense? ....getting current shareholders to put in more buy orders at the ask or slightly higher? Do any of us really have the power to "make the market", so to speak, with a buy order?
Ditto. I put in a small buy this morning, and got a partial fill.....BUT, I am here for long term....meaning, I don't plan to sell any shares until after the Medify Division is showing revenues....I think that the share price, when both divisions are bringing in solid revenues, will really fly.....
I guess the continued growth depends on how long the PR campaign continues, and successful completion of the 15c211 process so that Spartan starts doing something.
I think that, with limited investment opportunities in adult entertainment, getting good ink from AdultVest would significantly help the cause, so having good, solid financials, and the 211 in our pocket, would be a great step forward.
I should think we want steady, sustained growth in the pps. There will be some profit-taking, but I think that, if this train continues on a steady course, that will be minimal - why sell in the face of greater profits?
If someone like Bloomfield looks at this and likes what they see, then that will bring in another new group of investors looking for a play. (When I complained that their L2 was down last week, I said I was frustrated because I couldn't check PTEL, which was taking off like a rocket. Did they read that? Who knows.)
My point is, steady, solid performance and timely release if info will, I think, continue the growth.
Perhaps Ian could release monthly growth PRs which detail the growth of the subscriber base, the increase of revenues, how the 1st month projections were met or exceeded, 2nd month projections on target, etc. I think waiting for Quarterly reports will not take sufficient advantage of the opportunity knocking at the door.....show that we are making steady financial progress on a monthly basis. I know, it takes the "pop" out of a strong Quarterly report, but I think the steady, sustained growth would be worth the trade-off. JMHO.
True, but after the years that he has put in, what with dealing with Trevor, et al., ...you know the story as well as I, but his shares are still restricted, and I would think he's got a PERMANENT grin on his face.....talk about a MASSIVE O!
Who needs viagra when you've got that kind of wood!
I wish I had bought a LOT more at .02! But every time I thought about it, and looked at the dollars I had available, I was reluctant to get more. Still, I'm sitting at under 5 cents a share.......aaahhhhh, the missed opportunities!