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The walls are closing in, that’s not accounting to the fraudulent COVID loan they took from Bank of America that hasn’t been paid back. I think it for almost 500k!
Boo, scary times. Under .10 how do you up list? And reverse in this market?
At this point this is hobby, not an actual business. I wonder how they are going to make payroll. Scary times
10k shares traded. Nice volume.
Probably not sleeping watching the nasdaq fall from cliff! And Mitesco probably next
Back to 11 cents, the volume on this has been terrible.
6 thousand shares traded yesterday. The Nasdaq is in bear territory cheap money is drying up. Up list into there now?
Terrible timing to to up list. The fed wants to kill inflation.
https://www.marketwatch.com/story/fed-predicts-big-slowdown-in-economy-and-rising-unemployment-as-it-battles-inflation-11663783584
That doesn’t matter!! The have zero revenue. Additionally they haven’t explained the offering and 50 RS will take all of our equity away.
Look at mindmed up list and got beat down back to 1 dollar, now they have to reverse split to stay on the Nasdaq.
How much debt is Miti going to take to out to stay in business and pay 33+ employees??? Burning cash likes it’s water
Don’t you see all the micro loans? Very sustainable business.
It seem like another S1 will probably be needed with all the money details. Everything that matters is empty!!!!
They are going to shove it down our throats with 50 RS. Price will probably settle around 6 dollars. The big question will the issuance be bought up or will it drop back to 1 dollar? No revenue and tons of debt can’t sit well for Nasdaq investors.
Do we need another one with the pricing details?
A bet is still a bet. Nothing is 100% expect death and taxes.
Wow 25k notes all around. 10% interest
It’s been going the wrong way for almost a year.
All he says is this is start up
Management has made mistakes
Up list isn’t far away.
Hope is still there, bla bla bla.
What if it just keeps dropping? If retraces .03 cents.
No way you can up list, no legitimate bank would be involve in this.
Trash! Past performance isn’t indicated of future results.
I guess I was right running on fumes.
Im guessing we will see another micro loan here. They have no cash on hand.
The Denver locations look abandoned, no work has been done in months.
Larry time is running out!!!!
How in the world would this up list? 10k shares traded today.
Bright, a health insurance company that also owns physician offices, had $2 billion to fund operations as of June 30. They might go insolvent by the end of the year. With 400mm in revenue
MITi does not even make 500k in revenue and they are about to go insolvent.
If you were going to invest in something would be in a company with 400mm in revenue or 500k?
You fix the bleeding and they are profitable.
https://last10k.com/sec-filings/miti/0001185185-22-000908.htm?utm_source=stocktwits&utm_medium=forum&utm_campaign=10KQ2040F&utm_term=miti
10q is out, numbers still suck 100k in revenue. No increase quarter to quarter.
35k cash on hand, let’s that settle in. They have no money, running on fumes.
All we have now is the 10Q, earning are going to suck. Cash on hand is going to be minimal.
Management and pumpers are going to say everything is great. Trust us
Up list by the end of the month. EF sucked, really? Are current underwriters haven’t done anything.
9 months of quite period, no new locations opened. Denver is an abyss!!! Diastolic
I agree but it might be to early for that type of partnership. The good clinic hasn’t made proof of concept either.
Sick care, dominates the industry.
This team hasn’t showed they can attract a anchor investor.
The build out is very expensive and revenue is not existing.
I said it once, & I will say it again. The Good Clinic is burning thru money like it’s water.
& we don’t have Adam from WeWork!!!!
It would, but not enough locations for a big player to sink their teeth into.
10Q is next and probably another S1.
I guess it wasn’t Miti that CVS was looking at. Lol
https://www.reuters.com/business/healthcare-pharmaceuticals/cvs-health-plans-buy-signify-health-wsj-2022-08-07/
And you think it’s Miti? They have 6 location open. Other have multiple locations open.
Agree they are a real company, and the management has been successful in the past ventures.
The good clinic hasn’t pick up traction, the model is broken.
The whole idea was to build medical centers in high end apartment complex’s and the tenants would use the facilities.
That hasn’t panned out, appointment have been low and revenue has been dismal.
The preventive care model isn’t working, humans go to doctors when they are sick.
All you see now are pictures of them reopening the same locations. (Maybe the second time around people will come)?
The revenue doesn’t support the expansion, the Denver location haven’t opened ( I’m guessing liquidity issues)
The only way they are staying afloat is because management and now the PR guy are giving small bridge loans. If they don’t find actual expansion funds, the location will fold and close as fast they open.
.10 cents in coming, someone is unloading. I guess tired of the Merry go round.
Sub .10 cents here we come.
This was my question
Good Morning,
I wanted to find out if the Mitesco research was
completed independently or paid by the
company?
Your a liar!!!! I contact them it’s a paid service!
Zacks SCR is a paid service. For more information, please have a look at the full Disclaimer on our website: https://scr.zacks.com/disclaimer/default.aspx
Have a great weekend,
Courtney
Courtney Smith
Media & Communications Manager
Zacks Small Cap Research
(T) 312-265-9410 ext. 9410
scr.zacks.com
The offer price, and the up list amount are blank.
I guessing this preliminary and it has be effective by the SEC.
Then I guess we can find out more about the offering.
It doesn’t seem Zacks did this research themselves. It’s just like the Goldman research paid by the company.
They have also revised their revenue expectations for 2022, & probably will have to do it again before the end of the year.
To reflect what we see as limited clinic expansion, until the Company completes its fundraising, we are cutting our FY22 revenue estimate from $17.8 million to $15.9 million.
Paid report .44 cents not very factual.
DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives quarterly payments totaling a maximum fee of up to $40,000 annually for these services provided to or regarding the issuer.
It does change the amount of shares you own.
Really does it sound like a good deal institutional investors or retail. Yesterday day volume is the most in three months!
No one wants to buy on the ask, yesterday volume was just investors leaving after being bag holder for months.
Tina Fischer one of our first NP just left in April after getting promoted.
NP’s hitting the door
CFO running for the exit!
And the Underwriter for the up list running for the hills.
If you smell, smoke their is surely a fire!