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There's just a lot more better plays out there right now.
I think it is more likely the company came to existence on June 29th, 2021...but I could be wrong.
XOLES.com responded to my inquiry yesterday afternoon.
I emailed the company at www.xoles.com on Tuesday morning after seeing the announcement that MedolifeRX has an agreement with "Xoles Del Pacifico, S.A. De C.V. (Xoles) a leading international distributor of pharmaceutical and wellness products"
Xoles responded on Wednesday afternoon:
There's only three ways this Medolife "Distributor" really is, and there's red flags for all of them.
1) The news is real. "Xoles del Pacifico" company is really "a leading international distributor of pharmaceutical and wellness products" but don't have a website, in the year of our Lord, 2021. Which in itself is a genuine concern that a "major distributor" doesn't have a website, or any online footprint at all. That's nearly unheard of in this day and age.
2) The news is misleading. Medolife really hired "Xoles" the digital marketing company, and used some creating wording to make people think it was a distribution deal, when it was really just marketing. Xoles the marketing company probably has customers that are in pharmaceutical distribution. Maybe they think leveraging them will get them some contacts? (I think this might be the truth right here)
3) News is fake. There is no "Xoles del Pacifico", the company is just making crap up to try and appear like they are actively working on distributing their product. I think it's really unlikely this is the case, but who would be surprised? Not me.
Won't go up if they're releasing fake news. Tom Nelson usually responds right away unless what you're emailing him about is correct. I was emailing him about the company adding shares before they released the updated A/S count, what do you ya know? Now emailing him about this "Xoles" distributor deal, radio silence. This company seems more and more like garbage every day.
No response from Tom Nelson or from Xoles.com as of this morning. I will keep you all updated.
We will find out. Several users have emailed Tom Nelson and I have emailed the company at www.Xoles.com.
I emailed him first thing this morning after I saw the press release and couldn’t find any evidence Xoles has a website. He has not yet responded. I also emailed the digital marketing company Xoles to see if they are working with Medolife (but I’m not expecting them to give me any info)
Maybe you guys are finally realizing the things I’ve been saying all along.
We’ve already established this can’t be the same company unless they’ve changed industries. Hell I guess I can email them and see if Medolife is a client lol
I emailed Tom Nelson and asked if he can provide a website for Xoles. Freaking sucks to wake up to what you think is good news and learn that it's fake.
company doesn't exist. this would be flying if the Xoles was real. I'm not the only one who can Google a company name.
See you guys in the .03s, FML
Do you have any evidence Xoles is a real company? Can't find a website. Not the digital marketing company website. A "leading international distributor of pharmaceutical and wellness product" website.
In the press release they called Xoles "a leading international distributor of pharmaceutical and wellness product". A digital marketing company isn't the same as a distributor of pharmaceutical drugs.
Can anyone find a website for the distributor?
Given all the buying yesterday…Pop on the open and fast pullback?
3 to 1 buy to sell volume today. People are either loading up for a pop or flipping over .05
what is your target to buy in? I'm seeing prices bottom out around .02 at the current rate of droppage
Also L2 is almost 100% selling today. Guessing anyone playing this stock is expecting to be able to flip it much lower.
I'm not saying it's happening yet, but it probably will start once they open up more shares. They didn't just add 6x the A/S to not use them. They will need to raise money for more testing and trials. Shelf offering at .05 means it won't move past there for awhile. Buyers will be able to get a discount under .05 for awhile. This is an extremely risky hold at this point.
Correct. And all the buying yesterday with no price movement suggests this is going down more. Slow but sure with the dilution.
The update wasn't spectacular but, I wouldn't say it was terrible. They did get booted back to animal toxicology studies, which is literally the first trial you do before you begin any clinical trials to demonstrate the safety of the drug. I thought the silver lining was there is a specific reason the FDA asked that with the DNA/genetic testing, but that is a weird request. If someone is vaccinated, they shouldn't be getting COVID to need a treatment. So why does this matter? Are all drugs being tested for that now? It seems like the FDA punted them hard to be honest.
I think most bag holders from the .08-.09 range have dropped out by now. We saw some solid buying EOD yesterday but didn't move the price. So I expect this to continue dropped for the near future.
.04 seems like the bottom but it could touch .01-.02 with increasing dilution
those 100m shares they opened up already being sold?
and as soon as I post that....buys on the ask happen...interesting
all that buying this morning, what a waste. been dump city again this afternoon.
the game today has been buy at .05, sell at .0539.
more like tuna but there's more buying than the last few days!
more like tuna but there's more buying than the last few days!
Would not surprise me if there are much more shares for sale than they are letting on.
buy volume almost even with sell volume today aside from dark trading. things might be taking a turn.
Been that way since I discovered it in January. Back then the volume was like 100k a day if that. None of the price movement makes any sense.
yesterday was fun, back low volume MM flipping yay!! sub .05s easy today.
It did similar stuff when it ran to .20 in April. Would pop to .08, die back to .04, rinse and repeat. We'll have another pop in the next month or two. PS Bid and Ask right now are crazy. Bid .0482, Ask .45 LOL. After hours craziness.
Something has always been wrong with this stock. Should be trading in the teens with the share structure.
lol was up 50% at one point, might finish even or red!
They already added 100m per their last filing
mainly talking about the longs who've said they've "never sold a share" blah blah blah. it's just insane. it's a speculative penny stock. you sell the pops, buy the dips. standard operating procedure. today was back to normal for this stock. I'm sure we'll see some more pops and dips as they announce the clinical trial results and more PR from Tony Hawk.
I can't even count the number of times this stock has popped up 50% on the open and died back to where it opened. It's almost too easy sometimes. When I saw they were going to release a PR this week it was like shooting fish in a barrel. Always short this stock. ALWAYS. Unless you bought last fall when prices were like .02-.03, you haven't made a CENT on this unless you've shorted it. And anyone who says they haven't is probably lying.