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When you invest in MFST you are giving this guy money. Just a heads up.
I will be like the others and watch this stock fall until hinted news. Buy a bunch and ride the wave.
Made 15k on an initial 2k investment. I like this stock at .005 just the hint of news will push this into .008 I sell half my shares at .008 and hold the rest for the news update. Prices fall after news sell rest of shares in 6-7 and rinse and repeat like you said. My buyback this time is at .004. See you there.
I'm choosing July based on my own experiences with how medical sales take place.
Past performances, everything he's said he's done is with one goal in place and that's sales. It takes money to make money.
Good luck to you all. I'm not trying to convince anyone to buy or sell this stock. That's what your own DD is. It's just nice to see such altruistic people in here looking out for the common man I'm sure that's your angle right?
So I get to hear you complain about an LOI until the 8k comes out? Awesome. I'm giving Bruce the benefit of the doubt, based on past performances. I don't even care if there wasnt news of an LOI. I care about sales. I am giving him till July to show proof of sales.
Ya I heard you the last 3 days. Anything else?
This board is hilarious. After flight to Middle east you all wanted updates. He post update saying they are in beginning stages of negotiations with distributors.
Stock Tanks because people thought there'd be sales numbers.(LOL) People on this board said at least give us an LOI, something for scope.
A little more than a month later he gives another update of an LOI of 100 orders a month and you guys are angry that its not signed sealed and delivered sales.
Bruce has done everything he's said hes going to do. Give him some time, this stuff takes time. Sales will come. A little patience goes along way.
It's ok to doubt Bruce, if you do, don't invest your money in the stock. Or if you do, understand that there is a risk involved. Many people on this board have pitchforks in hand and are being totally unreasonable. Business moves slow people.
Support seems to be stuck at .008 and I'm ok with that. Actual sales in hand will make this stock soar.
Thats retail cost. I bet your close to looking at 2000 - 3000 a unit whole sale. No one pays retail. Everyone gets a piece. Still good news but not 1mill a month.
Thank you, news verified.
Need another source on that news, strange I can't find it on Market Wire.
ITK I'd love to know your avg purchase price right now. Been saying you buying at all prices.
Believe it or not but some people dont like to work on the weekends. Update will be before noon. After open.
Are you saying that order for 65000 was you. Or just in general?
Update is on Monday. Thanks.
Huge dump on Fidelity right now.
Better be one hell of an update Bruce!
This company would be amazing if they had a PR person or hell if they just made sales.
Here is where it starts to get interesting. Was the 10-k the news? Waiting game.
People selling on the Bid are killing all momentum.
Well say what you want but that 10-k is going to f*** us until/if other news is launched today.
If he does release more news its gotta be more than this.
10-k updates
Medifirst plans to file for FDA 510K clearance for its Green Laser.
We have contracted a Sales Director for international sales and started our sales initiatives from our new office space for FDA controls and procedures and for training. We are actively interviewing sales and marketing professionals on an ongoing basis to introduce the Time Machine technology to international markets. As part of our sales strategy, we will highlight to the medical communities our belief that the Time Machine hand-held mobile laser unit offers a very unique, effective and affordable alternative to the extremely costly and bulky laser machines current being offered in the marketplace.
The Company has presented the Time Machine Lasers to distributors and healthcare professionals in Morocco, Dubai and Paris and continues to follow up to initiate sales. In the U.S. market, the Company has enlisted sales representatives in New Jersey, Florida and New York City. Currently the Company is introducing, demonstrating and conducting training for the Lasers at the offices of its Medical Directors in New York City and Boca Raton, Florida, as well as in the corporate office in New Jersey.
RISKS RELATING TO OUR BUSINESS
We have a limited operating history and a history of operating losses, and expect to incur significant additional operating losses.
We may need to secure additional financing.
We anticipate that we will incur operating losses for the foreseeable future. As of December 31, 2016, we had cash in the amount of $165,017. Based on our current resources, we will not be able to continue to operate without additional immediate funding. If we are not successful in securing additional financing, we may be required to delay significantly, reduce the scope of or eliminate one or more of our development programs, downsize our general and administrative infrastructure, or seek alternative measures to avoid insolvency, including arrangements with collaborative partners or others that may require us to relinquish rights to certain of our technologies, assets, rights or products.
Our auditors have expressed substantial doubt about our ability to continue as a going concern.
Our auditor’s report on our December 31, 2016 financial statements expresses an opinion that substantial doubt exists as to whether we can continue as a going concern. Although we have obtained the FDA clearance on our infrared laser, we have only begun to market and sell our infrared product in select markets. We expect to commence our national products and services campaign to generate revenue for our Time Machine TTML-8102000 Laser Thermal Therapeutic Device as soon as the funds for such a strategy are available. If we are unable to develop sufficient additional customers for our products and services, we will not generate enough revenue to sustain our business, and the Company may fail.
We may need to obtain additional capital, which additional funding may dilute our existing stockholders.
We may need additional funding to carry out all of our development plans. If we are unable to obtain sufficient capital on a timely basis, the development of our current or any future product candidates is likely to be delayed, and we could be forced to reduce the scope of our projects or otherwise limit or terminate our operations altogether.
Our articles of incorporation allow for our board to create a new series of preferred stock without further approval by our stockholders, which could adversely affect the rights of the holders of our Common Stock.
Inventory 14,023
Impairment loss-inventory 45,475
anyone actually read the 10-k because I did and it scared the shit out of me. Hope this stock doesn't plummet this morning. Wish MFST would state that other news was dropping today. If that 10-k was the news we are in trouble.
News before noon. Should be a crazy day tomorrow.
Why do you think there won't be news this week?
Thats my guess obviously just a guess but based on past events. 11am hour.
More fluff and no news gets us to .005. Lots of upside on this stock.
We need new buyers to pump this price. News will bring that but until then we are stuck in the 7s.
a price per share of .05 or higher. Copper is .01.
News is always dropped via market wire. Not fb or twitter.
At this price even bad news wont drop the stock by that much. Only move is up!
Stickied.
Exactly. I, like a lot of others are waiting for news. Once news drops I hope I can read faster than most. Those few seconds after news hit are huge for getting out. Not so for staying in. GLTA
Hopefully we find out this week.
Based on previous news drops usually in the 11am hour. Last time they hinted at news next week it was dropped on friday.
Haha no chance that tweet referenced the delayed filing. News to come, most likely Friday at 11am.
Get outta here VNDM
Haha you think copper before news. Come on man I wish!
Don't know why that etrader wants out of 200k shares at .0072. You can lead them to water but can't make them drink I guess.