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LOL XO is ALWAYS trotting out that spectrum claiming they're going to positively do something with it. This is so the company can continue to write off the losses against what they stupidly dumped into it years ago. There is no economic benefit, only 'use it or lose it' tax write offs. Too funny.
Oh, I had given Val the benefit of the doubt in saying it was junk from 1999. Now we're talking up to two decades old junk! HA!! I was being far too generous.
There is a broader area of Pinksheet Stink to explore here that relates to Ray Powers involvement in MDGC, Unilava, and another stock he finished ruining, Competitive Companies. Starting around Feb. 11th and earlier. Every stock with his name attached to it in some way goes bankrupt and the shareholders are sucked dry, MDGC included
Better watch out when this guy and his offshore crowd suddenly decides the PPS here will be going nowhere, because the rug pull will be epic.
Well, not that is hasn't already been epic, at almost zero. HA!!
I have personally heard Val speak to a company Oh, Val spoke at a conference, I see. LOL Val simply repeated the same spiel he pours out to investors. Sure. Just repeat what he has read in patent applications of other companies, then claim he is doing the same. Just like Al Gore inventing the internet! That Al err Val really knows his stuff! Riiiight... Confidence tricks LOL I'll bet when Val's story was double checked someone discovered where the ideas were coming from: other people.
Back again to REALITY: what does a vacuum cleaner salesman know?
LOL Did you dial the phone to verify who was actually on the other end of the conversation? Or did Val just play a recording of a faked conversation? Another confidence trick of a stinking pink CEO if there EVER was one. HA!!!
Oh, the same thing was said about that "Dr." Peterson, the proven lunatic Val said was developing some space cadet idea. Even he ran out the door as fast as he could, eventually. Double HA!!
Actually the patents were 'marketed'. The were included in a biz op sold to a vacuum cleaner salesman who was convinced by a couple of sharks that they had value. So, Val the vacuum cleaner salesman became a pinky CEO who has spent two years selling pinksheet stock based on smoke, mirrors and confidence tricks. Only the previous Chinese holders of the patents made money on them, once they found a chump to unload them on. LOL What does a vacuum cleaner salesman know about wireless tech, or how not to get hosed in the biz op market? We certainly found out: Not much -- if anything.
MDGC has no relevant technology. Val bought into a hoax 'biz op' that came with a crate of decade old uncertified electronics. Val was plainly hosed by some very sharp folks. What else would one expect from a vacuum cleaner salesman? It is so blindingly obvious! HA!!
Excuse me? I think you missed the word FREE in the very title of the article you linked: SVP rolls out free Wi-Fi for everyone
It is intended to be free, As it works out the kinks in the free Wi-Fi offering. LOL As I said, LOTS of profits in FREE! HA!!!
the city purchased the system.
The city obtained the system due to Metro-Fi's bankruptcy sale. And the politicians still hadn't figured out what to do with it in 3 years, except posture like Val, having to explain why they wasted city money on it! LOL
Also, if the city every does get this running, every resident will be able to tap into the free Wi-Fi, there SURE IS a lot of profit in FREE!!! HA!!!
Boy, Ray sure has to issue Non-Reliance PRs a lot! Whew! Man! Whoa!
Non-Reliance on Previous Financials, Audits or Interim Review
Form 8-K for MEDLINK INTERNATIONAL, INC.
--------------------------------------------------------------------------------
22-Oct-2009
Non-Reliance on Previous Financials, Audits or Interim Review
ITEM 4.02(a). Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interm Review.
On October 16, 2009, the Company's board of directors, upon the recommendation of management and after discussion with our independent registered public accounting firm, Jewett, Schwartz Wolfe & Associates, concluded that the previously issued financial statements contained in our annual reports on Form 10-K for the years ended December 31, 2007 and 2008, and our quarterly reports on Form 10-Q for the quarters ended March 31, 2008, June 30, 2008, September 30, 2008, March 31, 2009 and June 30, 2009 should no longer be relied upon because of errors in those financial statements, and that we will restate these financial statements to make the necessary accounting corrections. Similarly, the reports of our independent registered accounting firm related to these financial statements for the related periods also should no longer be relied upon.
The Company filed a 10-K/A on September 22, 2009 and minor reclassifications were made to the December 31, 2007 audited financials in order to conform to the December 31, 2008 financial statement presentation. There were no adjustments or restatements made to the balances previously reported as of December 31, 2007. Additionally, the Company amended and reclassified the cash flow for the year ended December 31, 2007 that was presented in the 10K filed for December 31, 2008 to reflect the proceeds of $1,027,831 as a financing activity that was originally presented as operating activities. These reclassifications require the Company to restate the annual and quarterly reports for the periods first listed above.
In light of the disclosure provided in this report, management of the Company is assessing the impact on its internal controls over financial reporting.
The Company intends to provide all restated financial information referred to in this Item 4.02(a), including explanatory information, in an amendment to its Annual Report on Form 10-K for the fiscal years ended December 31, 2008 and 2007 and Quarterly Report on Form 10-Q for the fiscal quarters ended March 31, 2008, June 30, 2008, September 30, 2008, March 31, 2009 and June 30, 2009.
I'm sure the mayor would care to read about Meshglobal's project, since allowing it might well cost him his job. He'll be SO thrilled! LOL
http://www.heartland.org/infotech-news.org/article/24077/Taxpayers_on_Hook_for_Portland_WiFi.html
Taxpayers in Portland, Oregon will have to pay as much as $60,000 to dismantle the infrastructure of a failed municipal wi-fi Internet service—on top of $250,000 in public funds for a now-dead project city leaders touted as “free.”
MetroFi Corp., a San Jose, California-based Internet startup, signed a contract in 2006 with the city of Portland to operate a wireless Internet access service that would be free to residents and visitors.
But by the fall of 2007, MetroFi had suspended construction of the project when it was only one-third completed. By June 2008 the company announced it was shutting down the system. MetroFi, which has abandoned its Web site, cited technical difficulties and financial hardship when it failed to find a buyer for the project.
The Portland City Council was among those who did not bite on the offer to provide free, ad-based wi-fi to the city, declining MetroFi’s sale price of $900,000.
Unintended Consequences
“We’re disappointed that their business plan didn’t work out,” Brendan Finn, chief of staff to Portland Commissioner Dan Saltzman, told The Oregonian. “We’re glad that there was no financial risk to city of Portland taxpayers.”
But the city had already spent $250,000 to help launch the wi-fi project—envisioned as ultimately self-supporting—and it is now responsible for dismantling some 600 wi-fi antennas perched on streetlights and traffic signals all over Portland.
Utility experts estimate that after cashing in MetroFi’s $30,000 bond (insurance in case the project failed) the cost of taking down those antennas could come to $60,000.
“Here we have a great example of the unintended consequences and costs of government subsidization, and the hubris of central planners could come back to haunt taxpayers,” said Adam Thierer, senior fellow and director of the Center for Digital Media Freedom at the Washington, DC-based Progress & Freedom Foundation.
“It’s one thing for private companies to be forced to eat the expense of over-estimating demand, it’s quite another when taxpayers might be on the line for the mistake,” Thierer said. “I just never see the reason for government subsidies of wi-fi ventures in major metro areas with existing private broadband operators.”
Unverified Claims
MetroFi claimed 15,000 people a month logged on to use its Portland wi-fi network, but Thierer says it’s important to find out whether the numbers are correct and to determine what that says about demand for these systems.
“When I see these stories about failed experiments in muni wi-fi, we rarely get any solid numbers about how many people utilized the services,” Thierer said. “No one seems to be digging into the demand side of the equation and trying to find out how much of the current spate of muni wi-fi failures is due to technology and how much is due to demand—or lack thereof.
Thierer said. “But I suspect there is far less demand for these services than supporters have estimated.”
MetroFi has also shut down muni wi-fi operations in eight other cities: Concord, Cupertino, Foster City, Milpitas, Santa Clara, and Sunnyvale in California; and Aurora and Naperville in Illinois.
Except that entire page Val Tweets to the world says absolutely nothing concrete. Val designed it that way LOL It is 100% certified smoke and mirrors!
Boy, Ray sure gets to issue non-reliance PRs and has to restate Medlink's financial statements a lot. Does he crave attention or something?
LOL It's a supposedly (gag, gag) a workday at Meshglobal and all they have to do is sit around and tweet garbage. Too funny.
LOL on 100 shares. Wasn't this supposed to be $1.80 sometime a half decade ago? Oh, I guess there were all those reverse splits early on, so 18 cents?
How many bunnies can val pull out of his hat.
You are correct. Attending Val's MDGC stinking pink china scam magic show has been far more costly than if he had been relocated to some backwater stage where he belongs.
Well said. Val is the master of misdirection. He wants you to look here and look there and look way over yonder. He doesn't want you looking at him. Close inspection reveals so much that plainly stinks. Stinking incongruities that include, but are not limited to, a 58 year old vacuum cleaner sales man who claims to be tech guru!!! REALLY? HAHAHA Absurd.
Except today you had genuine selling going on, not much else.
Free and this are all that counts: http://www.practicefusion.com/images/sealLarge.png
I said it is only one example of the direction the medical community will go once the physicians get fed up with being ripped off. >>>>> http://www.emrandehr.com/tag/free-ehr/
The signature of either selling or selling as dilution. Has Val finally tossed in the towel? HA
20110426|MDGC|267443|0|1596855|O
This is only ONE example of how the competition is strong and growing faster:
http://www.practicefusion.com/pages/pr/electronic-health-record-community-growth.html
Free is hard to beat. Doctors get to keep ALL of that incentive money as well.
What makes anyone think Ray will be able to collect a dime? He hasn't done very well thus far, not after many months. Actually, I have never understood why MLKNA was ever a public company. Guess that why it's an .ob, or is it a pinky? No one seems to be sure. LOL
All of those business listings were known months ago -- back when the super phone was supposed to have payment processing features and the like. Well, we all know that was false. The vacuum cleaner salesman and the carpet installer: LOL the Great confidence inspiring duo! HA!!!
Val's hobby is making up worthless websites and John does the useless business name filings! All hoping and praying they can make anything, just one little thing stick. Too funny!
10-K states Puerto Rico is a "white label" project. All Secure wanted was some cheap code from Ray. Ray sold it to them for his monthly pizza money allotment. LOL
No need. LOL
Here's a good one:
On November 26, 2010, MedLink and several institutional investors entered into a Subscription Agreement, pursuant to which Investors purchased from the Company a senior secured convertible debenture, in the principal amount of $1,250,000 with an original issue discount of 10% to the principal amount (“Debenture”). The Debenture bears interest at a rate of 10% per annum and is convertible into shares of the Company’s class A common stock at any time commencing nine months from the date of the Debenture at a conversion price of $0.83 per shares, subject to adjustment. The Debenture is due and payable on May 26, 2012. The net proceeds were used by MedLink to finance a portion of the MedAppz Asset Purchase and to finance general working capital needs.
The obligations of MedLink under the Debenture are secured, subject to permitted liens and other agreed upon exceptions, by a perfected first priority security interest in all of the tangible and intangible assets (including, without limitation, intellectual property) of the Company until such time as the Debentures are repaid or converted in full.
The failure rate for EHR implementaion is still high, even as of 2011. No wonder no one is paying if the failure rate for Medlink is no better than the rest of the industry. Then there are the entrants offering their services, with targeted advertising, for free.
“Actually, they don’t bother me at all,” said Lindsay, the vascular surgeon, about the banner ads he sees on mEMR, especially when he thinks about the $1,000 a month or so that he could be paying for a subscription electronic service.
http://www.practicefusion.com/pages/pr/Founders-Fund-leads-EMR-financing-round.html
"Hey! Forget about that Medlink bill. We found FREE!"
Yeah. Right back to .0039 HA!! Then lower when folks find better uses for what capital they have left.
You forgot the MM part of the equation.
20110425|MDGC|3399848|0|3632848|O
Signature Stinking Pink -- MM certified!
HA!!
Hooray! They filed! Hooray Hooray!!
HA!!
That's right. Val just says he's doing this or that, like having a fake San Francisco area code (just a free google voice number that forwards to his Tracfone LOL). Smoke and mirrors and Val's talk, all drowned out by the sound of vacuum cleaners in the background.
I don't think Val pays much of anything for rent. Look at the floor of the closet office in Boise: one phone one the floor. No body home.
Shoddy or shady management -- the market will always turn its nose up at such risk.
LOL This stock only suffers under scrutiny. Every new story Val concocts soon shows itself as either half-cocked or totally cockeyed. HA!!!
Except that there isn't any pennystockchaser this time around to do another scam promo like the first one. The vacuum cleaner salesman running the show presently is a pitiful promoter, mainly because his stories change every five weeks and none of them stick! They simply evaporate. Poof!! LOL
I wanted to point out with the 2008 report that the CEO had YEARS to act on the fact the auditor was incompetent. He never did a thing. Yes, the 2010 inspection report shows an even more slovenly bunch. But things have always been slovenly with the CFO and the pizza scarfing CEO! As I've said for years: MLKNA is and always will be a P&D dumpster dive!
Inspection of Jewett, Schwartz, Wolfe & Associates
October 29, 2010
Those deficiencies were –
(1) the Firm's failure to identify, or to address appropriately, a departure from
GAAP that related to a potentially material misstatement in the audited financial
statements concerning the valuation of consideration received in exchange for a
subsidiary;
(2) the Firm's failure to identify, or to address appropriately, a departure from
GAAP that related to a potentially material misstatement in the audited financial
statements concerning the accounting for start-up costs;
(3) the Firm's failure to identify, or to address appropriately, a departure from
GAAP that related to a potentially material omission from the audited financial
statements concerning the presentation and disclosure of income taxes;
(4) the failure to perform sufficient audit procedures related to the accounting
for convertible debt instruments;
of Omitted Procedures After the Report Date, and AU 561, Subsequent Discovery of
Facts Existing at the Date of the Auditor's Report (both included among the PCAOB's
interim auditing standards, pursuant to PCAOB Rule 3200T). Failure to comply with
these PCAOB standards could be a basis for Board disciplinary sanctions.
---
(5) the failure, in two audits, to perform sufficient audit procedures related to
the valuation and completeness of common stock issuances;
(6) the failure, in four audits, to perform sufficient audit procedures related to
the completeness, existence, and valuation of revenue;
(7) the failure, in two audits, to perform sufficient audit procedures related to
the existence and completeness of accounts receivable;
(8) the failure to perform sufficient audit procedures related to the existence
and completeness of inventory;
(9) the failure to perform sufficient audit procedures related to the valuation of
intangible assets;
(10) the failure to perform sufficient audit procedures related to the existence,
completeness, valuation, and presentation and disclosure of capitalized direct
response advertising costs;
(11) the failure to evaluate the consistency of current period financial
statements covered by the Firm's audit report with those of the prior period and
failure to perform sufficient audit procedures to evaluate the effect of opening
balances on accounts for the period under audit ;
(12) the failure to perform sufficient audit procedures related to the accounting
for an equity investment;
(13) the failure to perform sufficient audit procedures related to the accounting
for income taxes; and
(14) the failure to perform sufficient audit procedures related to the valuation
and presentation and disclosure of preferred stock.
Now it's Twitter again. Val tweets to everyone because he never says one thing that is concrete. Just a bunch of string along nonsense that no one can decipher -- unless they are trying to figure out how Val is trying to fool them THIS time! LOL
Take the Boise mayor. Val followed him so twitter etiquette, especially for a politician, practically requires the mayor to follow Val. But it is meaningless. The mayor follows as many as follow him. See for yourself 835/831:
http://twitter.com/#!/MayorBieter
Whoever said this stock was a joke, it's far worse than a joke; it's totally indefensible! HA!!!
"For a successful technology, reality must take precedence over public relations, for Nature cannot be fooled." -- Richard Phillips Feynman
Feynman played an important role on the Presidential Rogers Commission, which investigated the Challenger disaster. Feynman devoted the latter half of his book What Do You Care What Other People Think? to his experience on the Rogers Commission, straying from his usual convention of brief, light-hearted anecdotes to deliver an extended and sober narrative. Feynman's account reveals a disconnect between NASA's engineers and executives that was far more striking than he expected. His interviews of NASA's high-ranking managers revealed startling misunderstandings of elementary concepts. He concluded that the NASA management's space shuttle reliability estimate was fantastically unrealistic.
A simple unflattering truth about the CEO, repeated daily on the MDGC board, is driving the faithful absolutely batty.
Guilty! LOL
provoke a emotional response from another member should be seen as harassment.
Who elevated you to Admin? LOL
Val's side business? His pimple creme sales are his side business. The only thing he's ever done in 30 years is sell vacuum cleaners, search the biz op pages for other side businesses and finally blow his stash on some fraud presented to him by shrewd operators.
Electronics genius, no. Business genius, no. Someone who took a huge sucker punch to the gut, certainly.