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Man, no trading, no news, no postings on the other board....what? Is everyone in the bleachers watching BHUB and LSMJ?
Thanks.
I mean the "3x1" type of posts.
Sublime:
I've been watching this board for the last week or so....what do your posts mean?
Yes. In reading the bhub board, it seems like Penson halted, but there was no DTC halt. I checked the OTCBB site and it listed NO restrictions or halts.
It has been suggested that Penson stopped trading because it is short.....that does make some sense. Many others reported continued buys, and the L2 I saw corroborated that. There is supposed to be an interview tomorrow, which will make the opening real interesting.
I'm still in, but watching closely. Either way, I won't make/lose much $$, but the education has been worth more than I would lose.
Pardon my stupidity, but who/what is DTC/DTCC?
Are you in Bhub?
This is becoming, for me, quite the educational experience. Charts, golden candles, fibonacci....eventually I'll have a Zen experience and the mountain will once again look like a mountain. In the meantime, I'm doing a lot of following, a lot of reading, and no sweating.
(I had to call my broker 'cause I couldn't place an online trade due to some restriction...after our conversation where I demonstrated an appreciation for the risk involved in trading pennies - lose all of the investment - the restriction was kind of lifted. I can't buy more than 100,000 shares at a time, so trading fees enter the math.)
With MDFY, I think that there is a real product that has a real market, as opposed to BHUB, where everyone is trading shares on the expectation that the MMs who worked with Select American are going to have to cover their ass to buy back the 1.5 billion shares out there in traderland. So, while I think I can make some $$ on BHUB, I think, long term, there is a lot more potential in MDFY. At least, with the relative amounts of money I have in each stock. I think MDFY will get past $1; if BHUB gets there, on my pittance of an investment, I'd be ecstatic!
I actually looked at lsmj....didn't buy cause the broker fees were more than it would have been worth. I actually tried to get in at .0008; it ran to .0024 and is back to .0015.
Then I re-read several posts and the ibox, and decided to sit it out and watch from the sidelines.....too afraid to sell other positions to gamble on it.
I've been waiting for news here, too. In the meantime, I got so bored that I looked at BHUB and bought some with a little spare change.
Geez, that board is active. When I started looking at it late last week, it was around .0014. I finally bought some at .004. Right now its at somewhere around .005 and going higher. It seems like the old transfer agent, Select American, started selling unauthorized shares, something like 1.5 Billion, that's with a B, Billion, shares.
The co. just got a different Transfer Agent, issued a PR that said there was only something like 50 million authorized shares.....so, somebody has to cover all of the outstanding shares. Plus, there is a 211 filing being announced and plans for a reverse merger into some other legit company.
I'll follow it and try to pick up some scraps, since I'm new to that kind of investing and don't understand all the charts and golden candles and such, but I figured, I've got a few bucks laying around, MDFY is quiet,.....what the hell.
I can definitely go for .08. I'll even cancel my buy order at .027....what can I say; I'll buy cheap, bring my average down, and start making some $$ on the rise.
OT: Anyone here in on the BHUB circus? I started reading on it last week, thought of entering the fray on Thursday and didn't. Read more over the weekend and got in this morning for a small portion.
The ihub posts are crazy......pps went from .0022 at close on Thursday, opened at .0026 (I think) and is bouncing around .004.
Lots of chart action, but I must confess, I really don't understand the charts. I think if I did I would either be more excited or depressed as hell.....
DNDN is up to about $23.
I don't think MDFY is merging w/ anyone. I think MDFY is going to enter a jv/partnership with eSource and be part of CSC's big venture to have exclusive rights for NHS IT and health records. Look at the size of CSC's contracts, the partners they have lined up....I think that is the bigger picture, and MDFY seems to be a good fit as filling up another biece of the CSC puzzle.
As long as MDFY doesn't get screwed on the allocation of the revenue streams, it should be good.
Clancy, BVdog, Lem...you all have been here a long while. Think about this in the context of a bigger picture where CSC is putting together it's contracts for health data delivery in the UK. I think, from that standpoint, MDFY's capability dovetails with that part of CSC's needs...and the TPP connection will be more beneficial that EMIS. But, if MDFY has both, two different sources of competition for revenue streams w/ little MDFY in the middle of both.
Really. Think about it. This hypothesis includes JB's predictions, the recent activity w/ eSource, no merger requiring shareholder approval, Spartan coming on board as the MM with the 15c211 filing nearby.......
Okay, I'm done. Analyze this, guys, and tell me where I jumped off the track.
I was just thinking...yeah, i know, a dangerous activity here, but there's not going to be a merger....only a new partnership w/ eSource. Here's my thinking.
eSource is a wholly owned subsidiary of CSC. JB never said anything about stock exchanges, and eSource doesn't have any to trade. PLUS, why spend time lining up Spartan as MM with the 15c211 being filed.....not even Ian would waste that kind of scratch when things are tight, dollar-wise....if there was going to be a merger, especially if, as JB said, shareholder approval isn't needed.
I know shareholder approval is REQUIRED for two Delaware corporations to merge, which is what we have here. On the other hand, a partnership/joint venture w/ eSource can be entered into by the officers and directors as a business decision that doesn't materially affect the structure of the company. Therefore, no shareholder vote is needed.
If this scenario is anywhere near accurate, then MDFY would suddenly have solid (no pun intended!) backing and a pps rise makes sense.
Or are my glasses rose colored?
Okay, I've been thinking about this last night and this morning.
JB said that our approval, i.e. a shareholder vote, would not be necessary. Because CSC, eSource and MDFY are ALL Delaware corporations, the only way that can happen is....it can't. ...Unless, there isn't a merger.
Perhaps a new entity owned jointly by eSource and MDFY....eSource is wholly owned by CSC, so we wouldn't get any shares.....there aren't any eSource shares to get unless CSC spins it off. Which it isn't.
We still don't know the nature of JB's stock restrictions, but as shareholders, we are entitled, I think, to get that info from the MDFY corporate offices, just like we are entitled to see the Bylaws, Director minutes, etc.
The creation of a new entity for partnering would involve no stock.....and actually, from a servicing standpoint, it's probably not a bad idea...let MDFY sell the product and have it serviced by a MDFY/eSource entity.....greater revenue stream to MDFY w/ less overheard/expenses, but it only makes sense if MDFY has the majority interest in the new entity.
Just my humble musings.....anyone else have ideas?
P.S. I hate this "button, button, who's got the button" BS.
Pick
Tjak:
I don't have a problem, as a general proposition, with mergers, especially when my company benefits. But, I was really puzzled by JB's comments that shareholder approval is not needed.
I know Medify is organized under the laws of the State of Delaware, so mergers by MDFY would be controlled by Delaware law. I'm NOT an expert on Delaware corporations law, but section 251 of Title 8, Delaware's Code seems to me to apply.
Both Medify and CSC are Delaware corporations. Delaware's Code says, in part:
§ 251. Merger or consolidation of domestic corporations and limited liability company.
(a) Any 2 or more corporations existing under the laws of this State may merge into a single corporation, which may be any 1 of the constituent corporations or may consolidate into a new corporation formed by the consolidation, pursuant to an agreement of merger or consolidation, as the case may be, complying and approved in accordance with this section.
(b) The board of directors of each corporation which desires to merge or consolidate shall adopt a resolution approving an agreement of merger or consolidation and declaring its advisability.
......
(c) The agreement required by subsection (b) of this section shall be submitted to the stockholders of each constituent corporation at an annual or special meeting for the purpose of acting on the agreement.....If a majority of the outstanding stock of the corporation entitled to vote thereon shall be voted for the adoption of the agreement, that fact shall be certified on the agreement by the secretary or assistant secretary of the corporation. If the agreement shall be so adopted and certified by each constituent corporation, it shall then be filed and shall become effective, in accordance with § 103 of this title.....
There are more details regarding what is to be included in Notices, etc., but we i.e. the shareholders, must vote to approve a merger. There are some exceptions, but from what we have been told, and the specifics of Delaware law on those exceptions where a shareholder vote of merger is not required, those exceptions do NOT seem to apply.
JB, if this doesn't square with what the MDFY corporate counsel is saying, then perhaps he/she needs to look at this Delaware provision.
This is from the State of Delaware web site for corporations.
Entity Details THIS IS NOT A STATEMENT OF GOOD STANDING
File Number: 3856268 Incorporation Date / Formation Date: 09/20/2004
(mm/dd/yyyy)
Entity Name: MEDIFY SOLUTIONS LIMITED
Entity Kind: CORPORATION Entity Type: GENERAL
Residency: DOMESTIC State: DE
REGISTERED AGENT INFORMATION
Name: DELAWARE REGISTRY, LTD.
Address: 3511 SILVERSIDE ROAD SUITE 105
City: WILMINGTON County: NEW CASTLE
State: DE Postal Code: 19810
Phone: (302)477-9800
I'm puzzled why this "merger" doesn't require shareholder approval.
Tjak, please ask JB what it is in the corp. documents that exempts mergers from shareholder approval.
Thanks.
Pick
Tjak:
Can you send this to JB?
JB: Don't shareholders have to approve the merger? Especially since it is a Delaware corporation? I don't mind voting for a merger, but....
......what are the benefits to MDFY of a merger w/ eSource? Time frame? Terms of merger re: acquisition/exchange rate of MDFY shares for shares of the merged company? Compensation and other benefits accruing to MDFY executives? Assumption of debt? Identity of proposed new corp. officers and directors and their bona fides?
I'm not causing problems, but these questions need to be answered before the shareholders vote.
Pick
Is Ian selling his own shares, or is he selling the 504s?
Lem:
Thanks for the explanation. I try to watch, read and learn here. Once in a while I'll offer an observation, but, when I'm in an arena where there are others who clearly know more than me, I try to act like a sponge and absorb as much as I can.
My understanding - and there are certainly folks on this board w/ a much better grasp on the 15c211 filing than me - is that 1) it is a prerequisite to moving from the pinks to the OTC:BB, which 2) allows for greater scrutiny by the Powers That Be, such as NASD, SEC, et al. and the General Public. So, the company has to make certain public disclosures regarding its corporate structure, shares, etc.
Also, MDFY is using Spartan as a Market Maker to try to stop the shorting that kept (I'm not looking to re-start that debate)the pps low.
I guess the theory is that with greater mandatory disclosure, governmental regulation and scrutiny, and ONE market maker, the pps should rise on good news, instead of the opposite.
I kind of think that the R/S was done to try to up the pps so that there could be a listing on other european exchanges...JB suggested, or maybe it was Nik, that the R/S was a failed attempt to further the share price and get into/onto other securities markets.
My understanding of the 33 mil shares to JB was in recognition of services rendered, but the shares are restricted.....what those restrictions are, I'm not sure, but what I have gleaned/inferred is that JB cannot sell the shares for some period of time....perhaps because the pps has to pass a certain point, or the shares aren't fully vested, or we haven't had three blue moons in three consecutive months. Perhaps a written demand/request for those details by a shareholder to the Corporate Secretary would supply those missing details. JMO
But, like I said, there are others here who are far more knowledgeable about this than me.
Has there been a halt today? No news here (I liked the Google bit yesterday!), no news on the other site, no market activity....it's like my internet connection has died, but everything is working
...strange.
How does the specific number of units, in your estimation 73,000 - which I don't dispute - and the associated revenues, translate into a share price of $1.00, or any other $$ figure.
I'm not questioning your figures, but I don't understand the direct link between specific numbers of units sold (and the associated revenues) to a share price. There is, to me, a disconnect that I do not understand.
Break-even points, earnings, expenses, revenues, projected sales and demand, etc. I understand. The link of knowledge you presume me to have, I do not.
Well, I must say, it looks like JB may have been 3 for 3; not a bad batting average.
Communications from Nik are, to me, at least, encouraging. It appears as though by the middle of May there will be some product distribution, and we should start to see revenues coming in. I would hope that the 3rd Q results would be the best in the company's history.
Anyone want to speculate at the share price on June 1? End of the year?
Me, I'd be satisfied at $1.00+ by 6-1-07, for the forward progress it would represent. I'd LOVE to have a day like DNDN is, up from roughly $5 at closing yesterday, settling in this afternoon at about $14.09.
P.S. Thanks to dayneyus, Going Long, and Clancy for the info and explanations on shorting - very helpful.
Tjak:
I guess the amount of info that JB can disclose may turn on the degree to which he would still be considered an "insider". Since he is no longer an officer or director, the nature and scope of his fiduciary duties have markedly changed. However, he may be subject to insider rules for information gained, and still current, while he was still an insider.
And, even though he is the recipient of those ubiquitous 33 million shares, we have to remember that there are certain RESTRICTIONS on those shares that might, and probably do, affect 1) voting rights, or 2) vesting of full ownership and 3)ability to sell those shares.
I imagine that JB has other shares that he owns in which he is fully vested and upon which there are no restraints on selling to third parties. But, there also may be at work various contractual obligations that limit what he can say.
So, is JB still considered an insider? I guess that may depend upon what the MDFY counsel has told him.
Pardon my stupidity....I'm trying to learn from all y'all here with more experience than myself, but what do you mean "gap up"? After looking at the DNDN board and some other articles, I guess trading was halted pending the FDA announcement because, either way, it would be critical to the company.
I assume you mean that the morning opening would be significantly higher....I thought that shorting working when the pps was falling....I'm getting confused. Help me out here, guys......
Capt. Bob:
The questions were NOT posed to JB; all of my Q and A with JB has been on this board through the graciousness of tjak.
What I posted was an exchange I had with Nik re: sales and marketing. Two different people, 2 different perspectives, two different degrees of access to CURRENT information.
From a business perspective, I would rely more on Nik's response, as he is directly involved with the sales and marketing, as opposed to technological systems integration. And, largely, the two bits of info, from Nik and JB, dovetail to what I feel is an acceptable degree.
Plus, I did not realize that there was a technical difference between EMIS and TPP templates. Having tried xml and html programming, I now understand why some additional time is needed before roll-out. By the way, I still practice law, and quit trying to write code.
Frankly, most sales/marketing guys play actual figures pretty close to the vest. I think the info provided is extraordinary, given the number of competitors and partners involved. Plus, if it were me, I would only disclose closed deals, too, by announcing them when signed by all parties.
I don't believe in counting my chickens before they hatch.
Hey, there, boys and girls! I'm sooo glad you could take the time to be here today.
I was rereading numerous posts from lookup last night; I think, from the tenor of his posts, very thoughtful, deliberate, objective analysis, that having a scotch with him (or her, if that's the case) would be most interesting and entertaining! Maybe sometime in the future.....
Anyway, that's not why I'm taking the time to write this and take up bandwith and your, dear reader, your valuable time. (Of course, it can be easily argued that your time isn't too terribly valuable since you spend it here reading the posts. Why I am here is to reproduce an exchange I had with Nik this morning. .....most satisfying bit of info I've seen here in a while. Here is the exchange:
> On 29 Mar, 08:55, "pick" <spic...@comcast.net> wrote:
> > So, Nik:
> > When are these test units going to be deployed? When are ANY units
> > going to be deployed, whether on a test basis, promotional basis, dem
> > basis, whatever....WHEN?
> > We know that the mouse trap is designed. We know the mousetrap works.
> > We know doctors want the mousetrap, and, perhaps more impoprtantly,
> > the nurses want the mousetrap.
> > When is delivery scheduled? Surely the requesting GPs at the Doncaster
> > PCT have been inquiring....so.....once again.....WHEN?????
> > PICK
On 29 Mar, 08:58, nellw...@medifysolutions.com wrote:
> Pick
> As I'm sure you understand, it's very difficult to deliver something
> when you've only just started writing the software.
> And the GPs in Doncaster are on EMIS, not TPP, and they are looking at
> purchase not trial.
> Thanks for your input.
> Nik
Nik:
Whether the connecting company is EMIS or TPP, there has to be some
needs projection so as to be able to order sufficient blackberry/pda
units for sale or free distribution. I've worked in retail AND
wholesale sales before I became a lawyer, so I know about working with
materials suppliers, scheduled deliveries, plant production problems
and the like.
If the GPs in Doncaster PCT are looking at purchase, surely, in price
negotiation, the number of units/subscriptions for initial delivery
and sale has been discussed. At least, I would hope so.
Tell me (us) this; what are the unit needs for the Doncaster GPs?
Their stated needs, or your perception of their unit requirements.
Btw, we have been laboring under the impression that all of the
software had already been written; the only thing holding back sales
and distribution was certain (undescribed) information from EMIS that
has since been supplied. Since the EMIS info has been supplied, what
is the timetable for delivery. I know there is one. The Doncaster GPs
won't even talk to you about sales if you can't supply a delivery date
so that personnel training can be scheduled for full system
implementation.
How many blackberry/pda units are or will be made available to you
from RIM or other pda suppliers?
pick
From: nellw...@medifysolutions.com
Date: Thu, 29 Mar 2007 08:45:26 -0700
Local: Thurs 29 Mar 2007 10:45
Subject: Re: TPP news
Reply | Reply to author | Forward | Print | Individual message | Show original | Report this message | Find messages by this author
Pick
Two areas of reponse:
1) Software
You need to clarify between EMIS and TPP.
EMIS software is written for view. EMIS had not supplied the template
for update until very recently, making it impossible to write that
section of the software.
The TPP project only started last Tuesday. Therefore it is not yet
complete.
2) Projections
As you are aware from other releases/sources Doncaster have around
2000 nurses. We will be pursuing their order once Update is available.
Liverpool have expressed interest in up to 400 units in batches of 50
once update is available. Again, this is dependant on Update. That's
2400 units we could have in place to date.
Everything else is in place to deliver the units etc once the deals
are closed, so all of our sales planning is complete. You are correct
to highlight that this is fundamental to be able to sell products.
However, in the past the company had a policy of communicating
projections, allowing for negativity when these projections were not
fulfilled. Therefore I changed this policy, as stated on numerous
occasions, to one of reporting actual achievements rather than
prospects.
One the EMIS update situation, the information has been supplied and
we are currently testing. I am not going to give a scheduled start for
delivery until:
1) The order is closed
2) The system has completed testing and is signed off. The worst
possible thing at this stage would be to rush delivery of units that
have a bug in them and destory any chance of further roll out.
I hope this helps with your understanding.
Nik
Lookup,
I am so incredibly curious what it was, and how, you found that EMIS and Darryl Cox were intentionally delaying or, perhaps, hiding certain info. (And, yes, I'm curious, too, what it was that was being hidden).
I'm a lawyer by trade, doing mostly litigation of various matters, but I have had lots of experience with businesses and contracts and breaches of those agreements/enforcement of those agreements. On the one hand, if EMIS is going to actually help Medify, then I can understand MDFY refraining from pursuing a claim against EMIS if, perhaps, there has been a re-negotiation of their deal w/ MDFY upon terms more favorable to MDFY, in satisfaction of the claims MDFY may have against EMIS.
On the other hand, if EMIS has not made concessions to MDFY, then it seems that MDFY has been greatly damaged by EMIS' behaviour, and could successfully sue for compensation.
(As a lawyer, I know that here is the sticking point; to get damages for injury to business relations, you have to show a track record from which your damages, such as decreased sales, can be computed. No sales = no damages. It sucks, but in many states - I am in Virginia - that is the rule.)
Anyway, if you don't care to respond, I understand. I'm glad there is, or appears to be, movement in a positive fashion.
JB, your take?
WTF???
100 shares at .02? Aside from the (remote) possibility of an odd lot being filled, why on earth would anyone buy 100 shares? At 2 measly cents a share?
....Or for that matter, selling 2709 shares at .04 and buying back at .035? The commission alone eats those meager profits..........any ideas?
I saw the pps go to .05.....I thought that was great!! Yeah, well, it's only 5 cents.
True, but it beats the hell out of 2 cents. At .05, I'm not far from break-even. Plus, it's UPWARD movement.
I thought that was what we wanted. So, it's settling back to .04.....still, it's not .02 or .03, and still will attract new buying if there is PR coupled with ACTUAL SALES!
Let's face it, revenue drives this train. Now that the technical infrastructure for info delivery is in place, JB, Ian, Nik, let's push the HELL out of sales and marketing.
Get those GPs clamoring for the next best thing since penicillin and laser guided bombs!!
I want to make $$$$$$
Btw, Tjak, ask Nik or JB if its the same person who keeps dumping large blocks at the end of each trading day, and how long will that continue? If someone is willing to buy at .04 or .05, then how can there be a sale at .0286?
That's Robert Palmer (deceased, unfortunately) - the song is called Doctor,Doctor (Bad Case of Lovin' You) ...I think. I know the artist is correct.
I clicked on the link http://app.quotemedia.com/quotetools/clientForward?targetURL=http://www.investorshub.com/boards/quot....
Just now, when I copied the data on the page itself, I saw tthe codes and the explanations regarding trades pre-opening, and out of sequence trades.....must be something with the browser I'm using, I guess.
The link on the ihub discussion page says "Medify Quote/Level II News - Quote - Chart.
I was just looking at the ihub depth/Level II reports of the morning trades....what does the little "z" or "t" that is to the left of the price mean?
FWIW, here is some info on CSC.
Markets Quote Depth/LII Options Charts News Profile Filings Historical Streamer
Symbol: Symbol Lookup powered by
quotemedia.com
Company Profile for Computer Sciences Corp. (CSC)
CSC Last: 52.41 Change: -0.34(-0.64%) Volume: 851.96 k Last Trade: 3/23/07
Business Description:
Operates in the information technology (I/T) and professional services industry. The Company has helped clients use I/T more efficiently in order to improve their operations and profitability, achieve business results and focus on core competencies.
Address: 2100 East Grand Avenue, El Segundo, CA, US 90245
Telephone:
(310) 615-0311
Website:
www.csc.com
Facsimile:
(310) 322-9768
Email:
investorrelations@csc.com
Details
CEO:
Van B. Honeycutt
Employees:
79000
Market Cap:
9.08 b
Issue Type:
Common Stock
S&P Rating:
Auditor: Deloitte & Touche LLP
Last Audit: Unqualified
Indices: DJ US Computer Services, Fortune 500 Industrial, Russell 1000, S&P Top 100, S&P Composite
Industry Classifications
Sector:
Technology
CIK:
0000023082
Industry: Computer Software & Services
NAICS: Computer Systems Design Services (541512)
QM ID: Information Technology Services (824)
SIC: Computer Integrated Systems Design (7373) , Electronic Computers (3571) , Prepackaged Software (7372) , Computer Processing And Data Preparation And Processing Services (7374) , Insurance Agents, Brokers, And Service (6411) , Credit Reporting Services (7323) , Computer Programming Services (7371)
Profitability
Management Effectiveness
Gross Margin:
21.00
Return on Equity:
5.70
EBIT Margin:
4.80
Return on Capital:
4.60
Profit Margin:
3.90
Return on Assets:
2.70
Share Statistics
Outstanding:
173.22 m
Float:
172.66 m
Short Interest:
10.02 m (as of 2/12/07)
Short Int Ratio:
8.60
% of Float:
5.80%
Non-Corp. Insider Hold'gs:
0.30% (as of 1/1/07)
Bought Prev 3 Mo:
64.51 k
Sold Prev 3 Mo:
74.96 k
Institution Hold'gs:
92.50% (as of 2/1/07)
Total Held:
158.77 m
Institutions:
570
Bought Prev Mo:
15.47 m
Sold Prev Mo:
14.11 m
Copyright © QuoteMedia. Data delayed 15 to 20 minutes unless otherwise indicated. RT = Realtime, EOD = End Of Day, PD = Previous Day. Market Data powered by QuoteMedia, profiles by Hemscott. Terms of Use.
That's what I thought.....I did a little looking before I posted.
Isn't CSC one of the companies they just announced a partnering deal for distribution/marketing?
Tjak, can you ask JB is this is a merger, what is the name of the new merged entity? Or is it an acquisition?
I'm just thinking...a merger with a division of CSC...if eSource is a wholly owned subsidiary, then there will either be a new company rising from the ashes, or else it becomes another CSC subsidiary. So, anyone want to guess what the share distribution percentages will look like?
Assuming there is a merger........what is the market symbol for esource, or the pps? Solidgold? Tjak? BVdog?
Just read this article that I was referred to by a friend of mine. We were talking about small company investments, and I mentioned the MDFY roller coaster and pump and dump discussions. Here is a link to the article. Seems to pretty well describe what has been happening to Medify.
http://www.advancedsmallbusiness.org/positionpaper.htm
It also strike's me that MDFY management is finally overcoming the perpetual bashing....I certainly have a better handle on the tactics.
I'm buying more MDFY!!
You remembered correctly, although I expected the dumping to be over on Wednesday. Why then? I don't know, that was just the impression I got - early, massive dump the first half of the week.
And yeah, I bought some, too, so my pps average is down, but like the others, I bought what I was comfortable with.