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Yes, I am the Managing Director of Shefford Capital Management and Shefford Capital Partners.
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We are taking the deep dive now, but haven't seen anything on it other than the press release. We aren't holding out any hope that it was real.
My pleasure zeekhoe. Reach out any time.
It is. We are in the process of learning what is real and what is not.
From todays press release:
Mr. Griffin also stated "the Company is planning to release a shareholder update in the near future to outline its turnaround plans, which includes bringing the Company current on all filings with the SEC while divesting its minimal operations and moving into the entertainment production services industry."
We expect to provide the shareholder update sometime next week. All should be revealed then.
The SEC is #1 on my speed dial. This simply can not go on. Stay tuned; we're not saying it is going to be easy to stop it, but it can be done.
I can assure you this: there will be no more games played with Medifirst.
You know, it is a shame. We intend to put an end to the pump and dump schemes and OTCMarkets company managements' using companies was their own personal piggy banks. It has to be done one company at a time; it starts with Medifirst Solutions, Inc. and it starts today.
You can count on only the facts from us and any CEO we work with.
That is correct. Below is an excerpt from the press release that basically states that. A complete shareholder update will be coming very soon.
About Medifirst Solutions, Inc.
Medifirst Solutions, Inc. currently has no significant operations and is a company under reconstruction.
mdimport, I am that Jonathan Cross.
You have to take everything from the past about this company with a grain of salt; remember, the previous CEO was arrested for securities fraud.
We have taken a deep dive in the company's operations and have found nothing in reference to the things mentioned in this press release from February.
Watch for a press release this morning relevant to yesterday's 8k.
I clearly know nothing.
rynirt, for a moment, separate the company and the stock.
Let's start with the stock: there are currently 2 Billion shares outstanding. The vast majority of those 2 Billion shares are owned by toxic debt holders - let's call them TOXICS. These TOXICS just want to get liquid - they need to sell. They need volume to sell their shares into - they need buyers. When you, or anyone else, buy shares, you are buying them from TOXICS (for the most part). This does not bode well for the stock going, and staying, higher.
With this much stock looking to sell, it is never wise to be long.
There are only a few things that can be done to fix this problem and each of them make things much worse, for those that are long, before they get better.
So, I don't feel it makes much sense to be long here.
Now, let's discuss the company; it has no real operations, no money, substantial toxic debt, and its CEO has been arrested for things he did inside the company (securities fraud). However, the company now has a new CEO, Tom Griffin. Tom is sure to do something, or attempt, to create value.
This is good for the company and basically, anything Tom does is better than what was done in the past.
So, the company is probably headed in the right direction.
The company is heading in the right direction, but with 2 Billion in TOXICS' shares out there the stock, in my opinion, isn't attractive.
The people on this board are traders, not investors, and therefore probably don't care about fundamentals. So, traders could see little dips to buy into, and little ticks up to sell into, but they always need to be aware that there are 2 Billion shares looking to sell.
In the end, right now, for the reasons stated above, I'm excited for the the company prospects, but wouldn't be a buyer of the stock.
Let's see what this week brings.
Big things coming this week for Medifirst; the company. Happy Forth of July everyone.
With over 2 Billion shares outstanding, something certainly needs to be done.
Exactly! Let’s not forget that key point.
Tom is highly capable, and I’m sure he will do a great job, but there is a lot to overcome here: No actual business, over 2 Billion shares outstanding, toxic debt, criminal charges. This is going to take some time and there are sure to be some bumps in the road.
News.
Medifirst Solutions Appoints New CEO
FREEHOLD, NJ / ACCESSWIRE / June 30, 2021 / MEDIFIRST SOLUTIONS, INC. (OTC PINK:MFST) (the 'Company' or 'Medifirst') is pleased to announce naming Thomas Griffin as the Company's CEO. In the last 25 years, Mr. Griffin has been a global entrepreneur with proven success, a seasoned advisor and investor; a well-respected aviation, finance and business development executive. He places emphasis on profitability and growth which his partners and stakeholders trustfully embrace. In 2019, he was awarded with 'Pioneer Award' by the '5th China Capital Forum.' Mr. Griffin has recently relocated back to the US from Asia.
Mr. Griffin stated: "I am eager to take on this challenge, and over the next several weeks I will be considering how to put the company's past in the past, where to take it to create a profitable future, and how to get it quickly into that future."
There is certainly a new CEO. Whether it goes Grey Sheets or is halted is a possibility. It is sure to get worse before it gets better.
We will just have to see.
I have information that I have not shared with anyone, nor have I bought any stock.
Not bad.
Not illegal.
Yes. I have an open dialogue with the new CEO. I'm not suggesting that there is any reason to buy the stock, but yes, news is coming.
There should be some news today.
Pretty much. There is nothing really there. Everyone is just trading paper without any value in the underlying entity. Most people on the hub understand that and are fine with it. Things are going to change.
Wait it out. If the new CEO does something real there will be plenty of opportunity to make money here.
All that has happened is that the company has a new CEO; and whose to say whether that is good or bad. We spoke with the new CEO over the weekend, and will be speaking more in the coming days.
There is going to be news coming, maybe today, maybe tomorrow. That being said, there is absolutely no fundamental reason to be buying stock here.
Be careful out there.
Yea, there are a lot of challenges to overcome here. I don’t see what everyone is so excited about. Why not wait and see what the new CEO says.
Yes, I will be talking with him later today. Some of his bio is in the 8k; I can’t say much more than that. I know people are excited, and trading this stock, but nothing is clear until we see what the new CEO is going to do.
Keep in mind that there is a very good possibility that you can’t rely on anything that came from the previous CEO. I expect more news next week.
That is not the correct Tom Griffin.
8k out - new CEO.
Thanks for the correction. You are correct.
Well...there wasn't much of a business here, there are about $800k in toxic notes, and the CEO was indicted. It couldn't get much uglier. We will see some news soon, maybe today.
Even with news coming, there is no reason to buy this stock.
Well, I have done some homework on this and we should see some news very soon, maybe even as early as next week. This certainly isn't a time to be buying, but we should get some indication of what is next for MFST.
Thanks again OdiferousT.
Thanks green maschine.
Can someone tell me who the resident expert is on this board?
OdiferousT, thank you. Great information! I'm going to take a deep dive and see what is happening here.
Ha, thanks. Who has the scoop on this company?
Can someone tell me who the resident expert is on this board?
Yea, this is unfortunate and Bruce certainly has some serious problems, but it could turn out to be the best thing that could happen to this company and the shareholders.