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Read his PR in mid August when he says the 10Q is done and will be filed on time.
He ends up filing an NT-10Q and the 10Q is late lol.
You can brush it off and say it isn't a big deal, but that looks very bad.
People are investing their hard earned money and putting their trust into him... he needs to wake up.
Nobody wants to buy a stock when the CEO has a pathetic attitude like Friedman's. He clearly stated he doesn't care about his deadlines and if we don't like it to sell...
Why add on every low today when you can buy at a lower price tomorrow or Thursday?
How is it that I'm the "bad guy" here? Are you looking at the stock? The all-time low is .0039 and this stock sits at .0046? Unless you were lucky enough to buy in at .0039 - .0045 ... you are at a loss. Everyone is basically at a loss now... and most people who have held this for a while are at a massive loss.
I wouldn't be negative if the stock didn't continue to drop. This stock has gone 1 way... 1... DOWN.
I'm curious as to why you guys are so optimistic. If you are holding shares, you aren't frustrated? You're OK with your worth diminishing?
Sorry, but I'm not...
Insider trading? I heard there is a pretty stiff penalty for it...
A lot of people were aware of his September 13th PR at 8:00 AM BEFORE it happened.
Not to mention... his wife was selling shares right after he was releasing PRs...
"There is not a single company in the sector with revenues, and trade at higher valuations than ours"
LOL, does he not realize the revenues MWIP reports are LESS THAN what a single individual makes in a year. You can be a worker at McDonalds and get some overtime each week and make $32K+ a year.
"I see no support from your group of traders, only complaints, tell them to sell the stock if they are unhappy period."
Give me my money back, plus interest for 8 months... and I will sell.
Guys like him should be thrown in jail... 'nuff said.
Ever since this company has become Mediswipe, this company has been complete garbage. The stock price is down 60%. He hasn't done much of anything but throw out PRs without revenue numbers.
Instead of PRs listing the gross new business, how about revenue projections?
Since you guys love to make predictions...
When do you think the Feds will storm Friedman's house and arrest him for the ponzi scheme he is running here?
I've seen this before...
Excuse # 1: He still has until the end of the day...
Excuse # 2: Its the end of the day, 12:00 AM pacific time (like a PR is going to be posted at 2:30 AM EST and 11:30 PM Pacific haha, this excuse made me laugh)
Excuse # 3: Well he didn't say it was going to definitly be done by the 30th, that was the plan, next week 1st thing is likely.
Excuse # 4: Please insert...
Yup.
People like me, ones who refuse to keep pooring more money and average down, are the ones who suffer. Like I already said many times, this might triple, but if it triples from .0025 to .0075... how does that help me out? I still hold at a .0094 average and have owned my original shares for 8 months.
The stock price is this low because of Friedman...
you realize if he doesn't issue the PR today this stock will drop to .003's... and even if he does issue it, the price won't go up as much.
Just like when he was late on the shareholder letter... he took so long to issue it that the price dropped significantly and most people who were fed up just dumped when he issued the PR.
It's his fault this price is so low.
uhh no neo... Friedman has said he would post "weekly updates" before and failed to do so. He said he would submit the 8K by end of day before and DIDN'T. He said he would file the 10Q on time and DIDN'T. He said the shareholder letter was going to be out and it took forever.
He has a bad track record in my opinion.
Stocks aren't supposed to drop before "good news" is about to hit. Things could get ugly here.
You invested $152K in a penny stock? Wow...
This stock needs a PR or the price will fall and keep falling until it hits .0001.
That is how penny stocks work. Without updates on a regular basis the price will just fall.
Funny, what's the excuse now?
When the market was "crashing" the other day, that was the excuse for MWIP's lack of upward movement. Well, the market did well lately and has rebounded. Why is this stock not going up like the market? Oh yea, because the market has nothing to do with penny stock movement...
lol this is why I complain when a stock at .01 is at .01 5 years later. There is no long term benefit.
Think about it, if you buy a stock like McDonalds, EVERYONE typically profits. You bought in the 1970's and sell in the 1980's and you make a profit and the person who bought your shares makes money if they hold for years and they sell and so on.
Not with a penny stock...
If this were to go to .03 and I dumped, sure I might make some money, but the person who bought my shares will become a bagholder and lose a lot of money when it drops back. It makes me feel guilty lol...
Isn't the "value" of the share what matters?
If you own 500,000 shares at .0067, what if you get 500,000 shares at .0001? You make $50.00.
It seems like a real possibility now.
This stock needs to stay around the .007's before next PR/Pump to get a good run going. The price was so low at .0043 that it barely made it over a penny, topping at .0125 and not even breaking even for most "longs". It would have needed over a 400% gain to go over .02. At least if the stock sticks around .007 you only need a 180% gain to hit .02.
How do you know it made its bottom? I thought it hit bottom at .0086 back in April. It ended up falling even more last month to .0039.
Did your penny stocks release PUMPING PRs? They mainly only move when they are pumped or else they will go down.
Have you ever seen a penny stock just rise everyday without news? PRs are like fuel to these stocks. Without them the stocks will just drop.
If Friedman released a PR right now that was GREAT news, this would go up big regardless of the DOW/NASDAQ.
DOW trading and penny stock trading aren't related.
I laugh when I hear people try to use the DOW/NASDAQ movement as reason for a penny stock's movement.
If this stock is going above .01, why isn't anyone buying it right now? Why is the volume so low?
When this "dividend" is issued, could it be issued at .0001? People seem to think if you own 500,000 shares of mwip at .0070 that the 800 commerce shares will be 500,000 at .0070... when it may be worth .0001.
The people being negative are the ones who know this stock pretty well and have been here for a while. Ones who jsut joined this week and are trying to pump the heck out of this to make a penny obviously aren't negative.
By the way, I went back to posts from Friday and see plenty of false claims. I don't feel like copy/pasting a bunch of posts. Go back to last Friday and read all the magnificent predictions.
The all-time low for this stock was .0086 until it took a sudden tumble last month to .0039. Being 20% down from it's original all time low isn't showing much recovery.
I read it and it makes absolutely no sense.
Not sure what accounting school Friedman went to, but you're supposed to book the 1 - 3 % portion that is MWIP's as revenue and any portion that is a cost that goes to partners can go to the expenses. It sounds like they are only taking the PROFIT and putting it as revenue.
People care about the top line. It's like Walmart posting their Margin PROFIT as revenue. They wouldn't be so big if they did that lol.
I fully understand that the most recent PRs' revenue aren't reflected in the latest filings because the last filing was for the period ending June 30, 2011... but I still haven't received a response from Friedman for his PRs PRIOR to June 30. Where is the revenue for the $4.95 flat fee merchant card sales? What about his other PRs since June 2010?
I'm still here because of the pumpers. There will be another PR eventually and people will pump the heck out of this and I can dump. Some sorry individual will buy my shares and take over the reigns of bagholder thanks to the pumpers.
I suppose I get deceived easily, since this CEO/company has lied in the past. I can't help if what is published by the company is false... I figured that is the SEC's job...
It's just annoying seeing ".03 by end of day" posts and meanwhile the stock drops. I figure, if people can make ridiculous claims about how great this stock is and how it is going to the moon, I suppose I can make predictions it DOESN'T happen...
Yes, I have owned this stock for 8+ months and I'm still at a big loss... that is what is wrong...
Now.. if one of these bogus predictions that I have seen the past 8 months comes to fruition, I might not be so negative...
You have already posted this... but keep pumping, it might eventually work...
uhh what is happening? Did they release another PR?
What's your definition of momentum? Going from .0049 to .0050 after dropping from .0125 to .0049 at close yesterday in 3 trading days?
What is the deal with you guys? You said that when the price was at .008. so it looks like "the smart investor" wasn't too smart picking up "cheapies" at .008 since "the smart investor" could have picked up "cheapies" at .007, or .006, or .005, or waited until .004... Doesn't sound too smart to me...
You guys sound so ridiculous.
Can someone explain what the point of these 'resistance' charts is? They are never right. Charts are never right. I keep hearing about support at .01 and resistance there, and it drops to .009, I hear the same thing again and it drops to .008, and .007, and .006, and .005. It is ridiculous.
What makes anyone think this is going up today? The chart says so? haha, funny.
You realize this stock needs another 100% pump to hit .01 again? You mine as well have sold between .01 and .0125.
I have been trading many penny stocks, but rarely have I seen one that goes up 190% and drops literally to the starting point in a few days.
What are you talking about? They didn't get suckered or scared.. they "got smart." You're saying it was dumb to sell at .01, .009, .008, .007, .006, .005? What? Those are the smart people because this stock keeps dropping.
Nobody is going to "be sorry" they they sold this. Why would they. Even if the dividend or something big happens, they can jump in at that time.
For the 1 billionth time, there is no benefit to being a "LONG" since the only people profiting are the day traders and ones buying low during the pump and selling high before the dump.
I once owned a stock at .03 and had to sell because it kept dropping and went all the way down to .0170 when I finally sold. People kept pumping it and saying it will run someday. Well, it did run someday... the problem was it ran big 2 months after I sold from .0016 to .0105. See my point? I was smart to sell.
I have said this before and I will say it again:
LONG TERM SHAREHOLDERS receive 0, none, zilch, nada REWARD. Only the quick day trader/flippers make money. By the time these stocks run you're at a massive loss and praying to break even.
Look at google finance; they only show the MWIP history if you click ALL. Since the symbol change from CMSI to MWIP, we are at a 48% loss.
You basically have to keep averaging down and throw more money into a risky penny stock to gain anything. It is ridiculous.