Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Notes from the July 2013 financial statements combined with no movement or PR in over a year and followed with a lack of real information coming from the company, could make this company questionable for a lot of investors. No communication does not mean it's a good thing - this should be hitting sub pennies and then it will attract money which is what the company will ultimately need to continue IMHO.
--
Going Concern
These consolidated financial statements have been prepared on a going concern basis, which implies that the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated significant revenues to date and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. As at July 31, 2013, the Company had working capital deficit of $235,567, and an accumulated deficit of $1,527,911. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company's future business. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.
Sorry, I meant to add that the facebook message was dated October 25th, only 2 days ago, hence my concern. No offense intended to anyone.
I didn't say I was disbelieving. I asked a question. I wanted to be sure this wasn't just someone scamming a bunch of people - it happens all the time. So I went to your facebook account and saw this message there and that's why I was concerned. Nobody is slamming anyone - I just want to make sure we have the same person on both sites. Peace out - (below is the partial message that got me concerned)
Issue closed folks about who set up a profile on ihub appearing to be me. ////
Well, we don't know that he really is do we? I would be as excited as the next person, but since there is a guy with the same name on facebook, and that person has already said someone there is posing as him, I'm not sure this is for real until the two are connected.
I just clicked on the link to your website and it is broken. I didn't think anyone who was going to be on a major show would have a broken link, so I went to your facebook page but I'm confused.
The person on that page has a message there about someone posing as him on one or a few of these boards. His message was dated October 25th 2013 - trying to figure out whats going on...anyone?
There was a lot, a lot, of PR about the move to Illinois and getting patients signed up with Mediswipe etc. about 6 months ago. It seemed like this was THE moment things were springing ahead with a good, solid product - when was the last time we heard anything about the direction Mediswipe is going in? Where are the numbers for patients? Those who have signed up? What are they doing in other States - a lot of 'getting' into other locations but when was the last time there was a good, solid PR about just where the company is at this point outside the 1-800 or Mello Meal portions of the company?
So. The strategic plan is to decimate the pps?
Could it be a partnership? Of some sort? Please? On the Canadian news just now, they had a spot about MM in Canada and the changes that are coming. In this clip they mentioned that a company called Medibox has garnered some sort of contract to work with the government(s) in the delivery of product and identity of purchases etc and Medibox is apparently working with another company that they have as yet not named, to provide these services.
It's the unnamed that I stopped at.
Fingers crossed that it's our own Medswipe that is somehow working with Medibox in providing the service to 35 million people...
Not interested.
As I have said, the company has had over a year to update their investors - they've been quiet. Too quiet. When they dropped Berman or any other Doctor they profiled in the beginning, they could have communicated that on the up and up with the shareholders and they didn't.
Everyone has to set their limits - win and lose and figure out what they will play along with.
I set my limit and didn't lose much - when it hits .0001 who knows, I might buy back in and take a little profit on a pump.
Until then, good luck to you all and be smart - do your due diligence..it's your money.
..or until profit from existing product is recognized on their financials, at which point the company can pull back shares
I don't think there is any good news coming. If you go back to the PR from 14 months ago, I am not sure what, if anything, on that PR is relevant now. There is no guarantee of this going anywhere..we could have all hoped the hype was warranted, but I have a feeling that anyone who lost money won't get it back. That's my feeling...
All of this information should be posted immediately - let's face it, there are a lot of people who don't have a paid subscription but who come into these rooms and these boards to read and figure out where they see a product or company going. I believe that could be included in doing your own DD - the most up to date news available should be easily seen to allow people to make those decisions and I would have to agree - you see no news on a main stock forum board and you pass on by for some other penny to invest in...at least for some.
Yes..this is BIG news. The government in Canada is changing the way MM is going to be grown, bought and sold and not only should MWIP be front and center at that party with the doctor/patient information, but they should be able to square away a solid market for their mellow meal boxes. Apparently under these legal changes, service will be shipped direct to door and since Mediswipe already has the boxes that are readily sealed etc., this is a no brainer to capture the market for this as well. Given that MM is legal in all of Canada and although I'm not sure of the numbers, I would reason that if the government is taking over the distribution/growth etc., then the profit must be easily in the millions. Position those numbers with the latest news and add in a hefty contract for the boxes and I think we can see where the company can be in just a few short months...
NOW IN CANADA!!
MediSwipe Inc. Announces Exclusive Agreement for Canada With ...
LOS ANGELES, CA--(Marketwired - October 16, 2013) - MediSwipe Inc. ( OTCQB : MWIP) (www.MediSwipe.com) (MWIP), the leader in Compassionate Care Technology Solutions for the medicinal marijuana industry today announced the Company has
I'm not convinced they are on track. If you go back to the original PR's for ESSI, you will see that over a year ago they had a team of professionals and promised updates on where they were in regards to trials and so on back then. Now - where are all the Doctors? Where has all that news been? The updates? This stock is just a promise for the future - and with no money, if their aim is to be able to fund this venture, sooner or later you are most likely looking at dilution and PR.
BEVERLY HILLS, Calif., Sept. 25, 2012 /PRNewswire/ --Eaton Scientific Systems, Ltd. ("Eaton" or the "Company") a wholly-owned subsidiary of Pristine Solutions, Inc. (OTCQB: PRTN) is pleased provide this outline of the market potential of Tropine 3 for the non-hormonal treatment for pre-menopausal, peri-menopausal, and post-menopausal women experiencing hot flashes.
"Menopause and the effects of hot flashes in particular are without a doubt one of the most significantly important health issues facing many women today, and as a result, the opportunity to provide women with a safe and effective treatment to reduce or eliminate hot flash symptoms is enormous," stated Michael Borkowski, CEO of Eaton Scientific. "Traditional hormone treatments have been shown to cause a dramatic increase in the risk of breast cancer and cardiovascular disease. Improved awareness of these health risks has led to a high unmet demand for non-hormonal treatment options. As a result, novel non-hormonal treatments such as Tropine 3 are poised to overtake traditional hot flash treatments."
In 2010, the women's health therapeutics market was calculated to be worth approximately $14.5 billion. GBI Research, a leading business intelligence provider, forecasts the market to grow at a Compound Annual Growth Rate (CAGR) of 7.9% between 2010 and 2017 to record a sales value of approximately $24.7 billion in 2017. Novel non-hormonal therapeutics such as Tropine 3 are expected to become increasingly popular during the forecast period. Based on current and expected market conditions, the Company estimates that Tropine 3, if successfully tested and promoted, has a global market potential in excess of $500 million in annual sales.
The Company is currently finalizing arrangements for conducting Phase 1 & 2 clinical trials of Tropine 3 with the goal of final FDA approval. Additional information regarding clinical trial start dates will be made available shortly
I don't think this stock is going anywhere. I have come to the conclusion after all is said and done that a lot of people feel scammed. The PR from last Sept 2012 included a trial end date for October 2012 - it is moving up to October 2013 and we are waiting for what? The end of another promise?
GLTA
Interesting question but I don't have the answer. Perhaps someone else will let us know what they think. I find it interesting as well that this stock basically is being propped up and limping along - it always hovers between the 3-5 range (.00 of course) and if it starts a slide, somebody gives it a nudge. Been going on like this for the past 8 months and during that 8 months, we haven't had much of any information come out of this company.
Dropped 50% from this morning. Day 11 of October. Waiting for news. A small dribble of news from the head. Silence does nobody any good - come on guys! A little whisper - a few choice words to keep us interested - we know with the government shut down that you can use that as a reason for no results on that side, but you have been working on trials since July. You can certainly fill us in on what is happening now - like where are you at, have you submitted your findings to the FDA, who is on board and whose not, what dates you anticipate issuing releases - we are waiting.
Couldn't agree more...this could cause a lot of people to just peek in now and again, rather than spend time engaged as a 'community'. It really is unnecessary to stream ads down both sides of the page and squeeze comments into a tight space in the middle. Also don't need to see the posters box alongside as it serves no purpose. Horrible, horrible change...A clean, easy to use, easy to view page works better, keeps people interested and moving.
ediSwipe Inc. Announces New Corporate Offices and Licensing Agreements in Colorado as Company Expands Products and Services to Medicinal and Recreational Markets
Download PDF
LOS ANGELES, CA -- (Marketwired) -- 10/08/13 -- MediSwipe Inc. (www.MediSwipe.com) (OTCQB: MWIP), the leader in Compassionate Care Technology Solutions for the medicinal marijuana industry, today announced that Company has signed agreements for satellite corporate offices in Denver, Colorado to provide onsite services to its expanding client base within the state. MediSwipe plans to provide consulting services to growing facilities, financial solutions and services to dispensaries and related businesses within the most progressive and rapid growing cannabis industry based state of Colorado. MediSwipe will not grow or dispense marijuana, pursuant to requirements under state and federal law, but will come to Colorado with the goal of enhancing and improving applications available to the industry currently.
The company has hired legal counsel within Denver, and is presently in negotiations with at least two Colorado based dispensaries to provide full services including the digitizing of patient records, secure packaging and licensing of the Mello Meals brand for the medicinal and recreational markets and the release of two new beverage brands that will be licensed as CBD products. MediSwipe will receive royalties from the use and licenses of the brands throughout the state.
Most industry experts believe the legal marijuana industry is poised to experience dynamic expansion. Twenty states plus the District of Columbia have now approved medical marijuana and eight others are expected to follow. Experts predict that the current growth trend will accelerate and that the regulated, domestic cannabis market could grow from $1.5 billion to $20 billion over the next five years.
Colorado voters first approved medical marijuana in 2000 and the state has been recognized as a national leader in the industry for over a decade. Under the provisions of recently passed Amendment 64, the Colorado market will be expanded in January 2014 to include adult, non-medical use. Cannabis revenues in Colorado are expected to triple in 2014, growing from $200 million to over $600 million, according to a study conducted by Colorado State University. The study did not include the potential sales from the expected 65 million tourists who will visit the state and may purchase marijuana once recreational options hit the state after 2014.
"MediSwipe has long established itself as the first publicly traded Company to provide financial services, and merchant processing for canna-businesses. We believe the state of Colorado is ahead of the curve as far as legislation is concerned, and we wanted to be at ground zero before the recreational market hits there with a full management and sales team in place. We have know these people over the last five years, and have provided them services in the past making our barrier to entry lower than anyone else in this industry. Our products on the financial side, beverages Chillo and C+ Swiss, and our strategic alliances with our portals Marijuanadoctors.com and Potlocator.com make us the ideal partner for a 360 degree business relationship within this sector. I truly believe MediSwipe will evolve as a model within the regulated canna-business for not only Colorado, but for other states going forward," stated B. Michael Friedman, CEO of MediSwipe Inc.
I thought of that as well. Given they can delay the actual FDA results, there is still no reason to come out with other information including what their preliminary results showed from the Association they are working with - or what stage they are in ie: have completed the trials, the report from the Trial Company indicating the effectiveness of the product, a goal for the production and/or selling of the product, promotions for the product etc. While awaiting final approval, there should be no delay in other, equally important information, coming out. IMHO anyway.
Well, I'm hoping that the CEO has the integrity to relay information whatever the results might be.
This company was over $.50 on air last year - no reason it couldn't shoot up there again, depending on news - good news about the trials would I think push it up to $.10 or higher in the short term and higher in the long term depending on what they do with the numbers. I would think there should be some news of some sort before the end of the month - if there isn't...I'm not thinking that way.
Trials ended September 30th. That was Monday. This is Friday. There should be news before the end of October of some sort...there has to be.
Have bubbles been burst? This used to be the most active top ten board to jump in and read - now it's like walking through a quiet zone.
Someone bought? How many? Interesting....news?
And that is exactly why this thing should go up pronto! It's already a known compound which is why Bergman got involved in the first place.
Day one of the first day of waiting for BIG NEWS!!!!
Now one would think that at the very least, Mediswipe with their boxes could make huge inroads in Canada - is anyone up there now doing some talking?
--
OTTAWA - The Conservative government is launching a $1.3-billion free market in medical marijuana this Tuesday, eventually providing an expected 450,000 Canadians with quality weed.
Health Canada is phasing out an older system on Monday that mostly relied on small-scale, homegrown medical marijuana of varying quality, often diverted illegally to the black market.
In its place, large indoor marijuana farms certified by the RCMP and health inspectors will produce, package and distribute a range of standardized weed, all of it sold for whatever price the market will bear. The first sales are expected in the next few weeks, delivered directly by secure courier.
"We're fairly confident that we'll have a healthy commercial industry in time," Sophie Galarneau, a senior official with the department, said in an interview.
"It's a whole other ball game."
The sanctioned birth of large-scale, free-market marijuana production comes as the Conservatives pillory Liberal Leader Justin Trudeau's campaign to legalize recreational marijuana.
Health Canada is placing no limits on the number of these new capital-intensive facilities, which will have mandatory vaults and security systems. Private-dwelling production will be banned. Imports from places such as the Netherlands will be allowed.
I agree. With that many share outstanding they need all the pumping they can get, along with all the good PR they can give. I had high hopes for this company at least holding it's own but unless the company decides to pull back on some of those shares they dumped into the pit, this isn't looking good. All the maybe's in the world go nowhere without some action.
I agree. The last we heard was about Michigan but we haven't heard about the progress there as of yet. Colorado - Nevada - a lot of States are getting on board with the idea of selling medicinal and so I wonder where or if there is anything going on anywhere else.
OK...I went back in and read all the posts and realize that now. Sorry.
In 3 days September ends - within 14 days of that period, there must be some news from this company IF it continues to remain viable.
Can someone explain this in plain English?
Their facebook page is 3 years old - either don't have a social media site at all or keep it updated. To start it up and then let it fizzle out and die could be - to some people - an indication of the level of commitment or interest in getting and keeping investors. Kind of like - got you in 2010 and no longer need you now - a lazy attitude perhaps...
I checked the BMSN facebook site a while back and its old - very old and there was at least one person asking when the site would be updated. These days using any social media is a good thing - it's where people will go to find a quick update or else they will link it to their facebook so that all updates will reach the investor or interested person. Many people feel more a part of their investment when the company keeps them updated or interested - kind of like you are worth their time and if you keep people interested, you keep people investing. I think this company is remiss in their public relations as it applies to social media - especially facebook and/or twitter.
The bar chart that I looked at yesterday showed a BUY, BUY, BUY for both short and long term outlook.
BUY, BUY, BUY which means that this thing is going nowhere but up and probably pretty darn fast.
Every day news - every day - share price increases.
Might just see the Nasdaq by end of year!
I don't see the drinks for sale on Amazon Canada so I wonder if they are going to be only distributed by Amazon US.
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
Date : 09/16/2013 @ 1:31PM
Source : Edgar (US Regulatory)
Stock : Eaton Scientific Systems, Inc. (QB) (ESSI)
Quote : 0.003 -0.0008 (-21.05%) @ 10:56AM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
I agree. The pps will rise fast and furious when ESSI puts out some news. I believe that the CEO in his last statement mentioned that they will need to raise capital, lots of it, once approval to go forward comes into play. That was over a month ago. I believe that the pps will go up - interest can only come from the company issuing some PR - shares will be sold and they will move forward. According to their own documents, we should know something by the end of September - we should see I think, PR coming out just before that time or in the few weeks following. If that happens on schedule, the pps could rise to where it was a year ago up around $.50 per share.
That may be and I agree, this product could perhaps be used in other countries within their own guidelines since the main ingredient is known - however, the company really needs to ensure that their efforts are made known. They need to communicate about THIS product - at this stage of the game all the nonsense about Pristine can't be used as the qualifying reason for NO information. That's an excuse. It doesn't fly now. What will fly is news. That news should be forthcoming by the end of this month or very early next month and there is no reason for silence. The company should be starting to prime everyone for the good news to follow - it's been almost a year since they issued any kind of PR and people have had to pull teeth to get the updates on their own. Thats pretty slack for a company that wants to be taken seriously and that wants to continue to get investors to keep them going.
I agree. This could be an easy sell as a product - and as a stock, it could do a run very easily with some good news. I fully anticipate that the PR coming out at the end of September-early October, will be positive. I also anticipate that there will be an uptick in the board as the pps starts to run higher in the next few weeks. I hope that what I anticipate does happen.