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Moving up FAST now! Bids building.
IGNORE THE FLIPPERS, BUY WITH CONFIDENCE. Nickel easy, Dime within 4 weeks high probability.
A company with a legitimate product and FDA approval to market that product will not stay in the low pennies long.
Shorts scared! They drop the ASK while filling buys. LOL
Short MMs gonna get burned here.
NO SHE'S NOT!!! LOOKOUT ABOVE!!!
I like that call. This will be a nice run, with healthy pullbacks, higher highs and higher lows. Patience wins here.
Let's burn some Shorts!!! Go MFST!!!
Some turd wacked the Bid at the close just so it wouldn't close at .018. But whatever, MFST was in an uptrend since it hit the low around Noon (EST) and had a lot of buying power behind it. Shorty has his minions out working hard so he can cover.
Let's burn the shorts and run this thing up to .05 - .10 land.
POWER HOUR! Let's run the shorts out of town!
...AND they're most likely (naked) short on MFST. This stock will prevail.
I think you're right. MMs weren't prepared for this news. They shorted at the wrong time and got caught. Slap that ASK!
$MFST
HUGE BIDDER at .0174! .018 will be taken out, look for HOD close today!
Excellent post. You're bang-on the money there. Now all we need is a few hard numbers to plug-in and we can start to forecast revs. It'll be good revs for a low O/S company like this, that's for sure.
I wonder if there's also "Sell the Service/Maintenance Plan" on the unit as well?
Are you sure there aren't royalties on the life of the machine? Or that there isn't some sort of leasing/financing program?
While I'm leaning towards your perspective on the business model, I don't think anyone has enough info to make a definitive forecast on revs yet.
But I do think they'll be quite good.
Know what you own.
WEEEEEEEEEEE!! $$$MFST$$$
Bid support coming in. A little buy pressure and this goes right back up.
HUGE Bidders moving in! $MFST
The 8K hasn't even been released as a PR yet. Many just waking up on the West coast will be very happy to see this.
Some people "Sell on News". Others take a little profit off the table at certain points. They might even have sells setup automatically at certain points because they can't follow along closely while they're at work.
This is looking good. Stair-stepping it's way up.
Churning nicely, once we break thru .02 it's Blue Sky! Lookout above!
HUGE NEWS on FDA Approval and I expect some BIG news coming for Distribution and Sales. This is just the beginning!
WOW, this thing blew threw .018 like it wasn't even there!! How's them apples, Clay Trader??? LOL
GO $MFST!
Over 800K shares traded first 15 minutes! This is setting up to be a rocket ship today!
I wouldn't be surprised to see us knocking on .02 by lunchtime.
JMHO
MMs pushing Bid/Ask above last traded price. Sellers drying up and the only way for them to get shares is to raise the price!
Grab shares on the dip, let weak hands out.
YES, July 2016 could turn out to be a BIG month for MFST, and beyond July.
I'm thinking Distribution channel partnership news will be coming in after the FDA approval announcement. Will sustain a good run here!
He knows exactly where it is and what it means. Put him on ignore.
$MFST will rock today, tomorrow and beyond! IMO
We should break .02 today with folks having time to digest the DD last night.
He has to make money somehow...
Since practically no retail trader can short a penny stock, that tells me the MMs don't have the inventory to cover all the buys so they're (naked) shorting due to a lack of ability to cover the volume. They better raise prices if they want inventory.
NO ONE IN THEIR RIGHT MIND WILL SELL AT THESE PRICES.
Because they haven't received the paper letter in the mail from the FDA yet! I told you this earlier today! Until the company has the letter in their hand they can't officially make the announcement. That can't be THAT hard to understand.
The decision was made last Friday and it's only Wednesday so I'd say the company should have the letter by the end of this week, reasonably speaking.
Boo-Yaa Buddy!! This is gonna be a sweet ride!!
Slap the ASK! MMs are setting this up for a quick move up on low volume!
Good Afternoon Chris20, MFST is a real gem of a stock. It has a very small O/S and Float for a penny stock.
O/S = 41,588,879
Float = 28,065,786
See http://www.otcmarkets.com/stock/MFST/profile for more information.
The have the following Certifications and Licenses:
MFST -- LICENSES AND CERTIFICATIONS
ISO–Approved
EMC/IEC–Approved
CE–Approved
IRB–Approved
FDA/510(K)–Pending
It was just revealed today through some great DD on the MFST board that last Friday (7/8/2016) the FDA decided (based on their review of the 510(K) submission) that their laser device is "Substantially Equivalent" to a previously approved device. Link back to the post I'm replying to and you'll see the DD by PB.
This means that the company is now allowed to market and sell the laser device in the US. The company has not made this announcement yet because they haven't physically received the paper letter in the mail from the FDA which was just mailed this week. As soon as they receive the letter in hand they can begin selling/marketing the device product. I expect this to happen at any time now and the company to release a PR of this huge milestone announcement.
The build up in PPS for MFST is in anticipation of the official announcement by the company. This is a golden opportunity to utilize some great DD of public knowledge (FDA website) to get in before company makes official announcement, along with possible distribution and sales channels in the US, as well as 5 other countries.
With a $4 billion dollar global market for their products things are looking very promising for MFST. It's also important to note that they have their own manufacturing facility in NJ and do not need to use a middle man manufacturer.
Let me know if you have any other questions. Stop by the MFST board and check out the DD!
Yes, plus MFST submitted this 510(K) on August 28, 2015 so the FDA had already reviewed the bulk of the submission. The FDA had asked MFST to provide supplemental data to help them make their decision, which they did, and re-submitted on June 26, 2016.
Ergo, the FDA didn't have to do a Full review of the entire submission this time around, which explains the quick decision.
I tried to do the exact same thing earlier today and he's just standing around with his arms crossed and feet in the mud. He doesn't want to educate himself. Whatever... there's much bigger fish in the sea that will recognize the huge upside here and get in.
You did solid DD here! Once the company (MFST) receives the letter they will update shareholders and KABOOM!
This is a gift to get in now on this information.
Bid x Ask building. Looking like it's getting ready to move back up again.