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I thought .009's were great values and a place to "load up" and "average down." Next it was the .008's, .007's. and now .004's. Don't you see the trend? This is headed to .0001 and just because Neo had a conversation with Friedman doesn't change that. We already learned Friedman is a liar and can't be trusted.
uhh... they only get 1 to 1.5 % of the $150,000... so it is not much.
What will a PR release do? The stock isn't going to go up 100% on any PRs released so everyone will still be at a loss.
My biggest fear when I dump a stock is that it will end up rebounding right after, but I am sure everyone has that fear.
Luckily for me, that hasn't happened. This stock keeps going down with no end in site. It seems like it goes down 10% each day. This is a disaster; I haven't seen too many stocks like this. The CEO has only himself to blame.
Could this hit .0001? That would be terrible...
My question for Groove, Neo, and Herm if he even still owns this stock. What makes you hold on to this? Are you still waiting for the dividend? Why woudl you believe it is going to happen if Friedman continues to publish lies?
At .0040 ... this stock needs 150% gain to hit a penny. You see this going up 150%?
lol yeah, but it also said the same thing in the May 10Q.
That is why I was waiting for the 8K on the $5 mil and $10 mil loans. There is no cash! It is important they have money to keep business going.
The excuse can be made that the revenue from the recent PR about $12 million in annual business(1-1.5% in revenue from that) didn't happen prior to June 30th so that is why that revenue isn't shown. It would show up on next 10Q... but... what about the April PR and ones before that?
Does MWIP have another board, besides the Yahoo one which no one posts on?
I don't go around spreading anything that isn't fact.
Can you explain to me why only $8K in revenue was reported?
$8,637 in revenue????????? That is it? Individuals who work at McDonalds or Walmart can earn more in 3 months. That is all they earned in revenue? Seriously? What about all those PRs?
Well, that is all I had to see. I enjoyed chatting with some of you.
My shares will be sold Monday.
GLTA.
That's why I need to see the 10Q... I have no idea what the business model is. Are they making money from those previous PRs in Montana and Colorado? or did they give up and leave the sector.
Anyone notice that Quamtel also submitted an NT-10Q? I wonder if the "joint venture" is the reason for the delay.
Regardless, to post "10Q is completed" and submit an NT-10Q without explanation doesn't look good.
Has anyone contacted or heard from Friedman?
Revenue WENT DOWN, not up 158%, from April 1, 2011 - June 30, 2011 when comparing to April 1, 2010 - June 30, 2010.
My point is, they didn't just report quarterly earnings. They tried to hide the fact they had a terrible quarter by including the 1st quarter of 2011 in their PR. We were already aware of what happened in January - March... it's just a cover up.
What a way to turn BAD news into GOOD news:
"MMRGlobal Reports 158% Increase in Year-to-Date Revenue"
Last I checked, the 10Q is a QUARTERLY report and all that matters is April 1 2011 - June 30 2011. Revenue went down from those 3 months compared to the prior year 3 months. Yet, MMRF trys to spin it by going farther back. What happened in January - March was for LAST quarter's PR, not this quarter.
Why not add up the revenue the last 3 years and say "Revenue from July 1 2008 - June 30 2011 is up big from July 1 2005 - June 30 2008". So irrelevant...
Nice attempt at pumping, but obviously investors see it since the price did nothing.
Neo, dean's post makes a very good point... this stock is no longer in the MMJ sector so that article becomes irrelavent now.
I agree with everything you said. If you go to google finance, you can only see history since July 11, when the name was changed. The stock is down 46%!!!
You only lost $200.00 though? I've lost about $1,500.00 so far. I did something I rarely do with penny stocks and it has bitten me big... I averaged down... twice... :(
The one thing that is starting to stick out is the Form 4's. Look at the dates Friedman's wife sold... ring a bell? PRs were also released those days.
Can you say insider trading? That seems a little sketchy.
Even with the great news, not much movement.
People don't want to be patient because patience isn't rewarded. Why buy and hold when you can buy months from now at same price or lower?
I believe SSOL will take off considering they are now profitable, but it may take time.
This stock was over a penny since the beginning of the year. People holding for over 8 months are at a loss while others jump in today at a lower price... just not fair.
I'm not 100% sure on how it works, but if the filing is for the quarter ending June 30, 2011, didn't the merger have to take place before June 30? If a merger took place in the past couple of days it would be on next filing?
I'm well aware of the common reasons, but what merger/acquisition are you talking about?
The fact is, he said it was done... and it's not.
Once filing the NT-10Q, they get a 5 day extension. So basically we have 5 days until this stock becomes MWIPE.pk
Neo... are you seriously trying to defend this company? Seriously? Come on, there is absolutely nothing to defend here. If he didn't mention in the last PR that the 10Q was done I would be ok with the delay. It's the principle though... the fact he says it is done when it isn't. Not to mention, how hard is it to account for $7K in revenue?
Doesn't this violate some SEC rule? I mean.. this is pretty bad. He goes on record stating something is done and does a 180 a few days later... he lied... 'nuff said.
The main reason I was sticking around was to see the 10Q! My plan was to review the 10Q and if I didn't like... DUMP. I don't know what to do now. Looking at the previous 10Q, this company only needs to make $40K and they are profitable... since expenses are minimal. That is why I was sticking around... I just don't know what to do.
It's comical.
Just look at what he wrote in the PR last week stating the 10Q was done... what? done? lol...
To think people still try to pump and defend this stock. It is an utter disaster.
Nothing he says seems to be legit... nothing.
Also, do you find it interesting that Friedman didn't sign the NT-10Q? It was the Barry Hollander guy.
Does anyone believe anything Friedman says anymore? He clearly stated the 10Q was ready last week, yet where is it? We come to find out that the price drop is because HIS WIFE has been selling her shares.
Do you really believe this "dividend" is happening or anything else is going to happen?
He we are, at .0060, next to the all-time low, with no positive in site. I'm surprised more aren't dumping. It seems like there is no light at the end of the tunnel.
Exactly.
The only thing is, I just checked and noticed she sold 2,179,000 shares on 4.26.11 at .0111 and it ended up hitting .026 a day or 2 later. That seems a little interesting?
Why not just sell all? I'm guessing she just needs a new wardrobe. :)
I missed that, you're right.
I'm guessing she is the reason the price dropped and she was the one dumping
She still has 11 million shares too...
Why not dump at a higher PPS?
Why was my post deleted? I e-mailed investor hub explaining I am willing to pay for the services they offer; however I won't if my posts get deleted for no reason. I am not violating any rules...
They are looking into it...
Maybe.
I just noticed on the SEC website that they just changed the company name to Mediswipe. You still had to search cannabis, but now it is under Mediswipe... I suppose that means they have filed it, just not posted.
I don't see the price per share going up much on this news. It took a $1.5 million contract in Chino to get this stock price moving. A new contract only $365K is only about 1/4th of the Chino one so it won't make much of an impact.
Am I missing something? Where is the 10Q?
You would think so...
Prior to the collapse the past couple of weeks, the previous all-time low was .0088. This stock is down 27% from its previous all-time low.
I'm sure this happens all the time in penny land, but I've traded hundreds of penny stock and this is the first time I have owned below the all-time low.
Exactly.
Most of what Friedman says is garbage anyways. Just read the June 9th shareholder letter that outlines events over the next 90 days. None of it happened. Don't be surprised if an NT-10Q is filed... and the .OB is removed and MWIP is on the pinksheets.
All of his apologists will probably point out he has until 12 AM PST tonight, or 3 AM EST tonight...
We'll see...
It happened after hours, that is why it is Form T? I am not sure.
What do you mean?
Better question... where is the 10Q? If it was complete last week... why not post it last week?
What's the deal with the other company? QUMI? Their volume is low and it looks like their stock is dead?
"Our goal is to continue to bring immediate and meaningful shareholder value to MediSwipe and our subsidiary 800 Commerce as we continue the proposed Spin-off process of 800 Commerce creating equity ownership for our shareholders within two separate public companies," further stated Friedman.
Anyone else getting annoyed by this repetitive cliche? My shareholder value keeps diminishing!
Look at the last month... since the name change... the stock is down 40%. Where is the bounce? It seems like the .0060's is the settling point even after all these PRs of "record sales, joint venture, MMR Global partnership, Dividend, fewer shares and less dilution".
I'm sitting at a 42% loss still and this is showing no signs of improving. I feel bad for those who bought around .016 since they have a 60% loss. What's the excuse? Bad market? The market has been fine lately; stocks are recovering.
Also, where is the 10Q? It is due today right? Are they going to file last second or file an NT-10Q?
Maybe the 10Q is holding the share price down? People fear another $7K top line?
I agree, they are profitable now which is good news. Moving forward there should be great things for this company... but... the PPS probably won't go up on this PR since this is "old news" reflected in previous PRs.
SSOL needs to release details on new contracts for any movement.
People don't seem to grasp the concept of "old news."
All the 10Q does is verify their prior PRs are accruate and not fraudulent.
I commend SSOL for that...
There is nothing new though. This is just reporting the numbers we already were aware of.
Have you ever seen a company release great news after great news and watch the stock price continue to drop? The PPS needs to go UP...
This stock keeps setting all-time lows... BELOW a penny... and you are predicting $1.00?
How are you up?
Unless you bought at .0057 today?
Everyone who owns this stock is DOWN... it is at the all time low.