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The ONLY reason this stock is down is because all the new people that sign up for the pennystock emails, they bought this in the AM without knowing the company or doing DD. Which adds up to all those millions of shares and then when the price starts going down to pick up other orders, the new buyers sell in a panic. All these sells tank it short term.
Well what happened is that everyone who got that email bought in the AM and then others sold at the quick inlfated priced. Then all those who bought were quickly at a lost and sold to chase the loss.
This will all blow over, but the bad thing was that the news attracted penny day traders all over manipulated the stock price
i think you mean 50 million
did it make it in before close? i ahve heard of anyone trading this penny on the afterhours market
for some reason i am a little skep on why they high volume today.
considering i do not know where this support is coming from its hard for me to believe that this volume would just dry up the next day. That or the MM are doing something on there own.
What i like is that Hausers shares were gifted at .005 to him
this just makes me wish i picked up 10 mill at .0036
gotta be hard to break through .01
I do agree with you there.. But still we all on this board have held positions and from what ive read we arent really the new buyers.. 70 mill is a lot of buying and selling i see. I just cant see who it would be with out some sort of news to attract people
This got to .018 on speculation and then did come down pretty heavily soon after.. what are peoples thoughts on that past event though, cant act like it didnt happen.
well i do feel that some of the numbers were given away already, which isnt a bad thing i guess. This stock notoriously has a spike before number come out. And frankly that could MM looking to juice it up.
Thing is we did already get some numbers etc less than a month ago. did we not.
yeh, i cant see the volume continue throught. I doubt day traders are running it up only to short it back down, but I do also think the closer to .01 the more a pull back and little selloff is inevitable
volume is insane though. Where is it coming from
MDFI! does anyone not wake up this early?
and there off.....
Volume here. must have a lot of matching buy and sell lots as the price is staying strong
they wont be move this up. there is a lot of volume right now..must need som good buys to punch through
What do we need to punch through .008?? looks like a buy of around a 1mill will do it easy!
haha look what 10000 shares did. someone buy 10000 and it will be at .008 or .01 with a buy of 1 million
boom!@@@ .0085 tomorrow
huge news.
I have heard that since 2009. just saying...
im sure they see orders in around .006 etc and will drop it down to pick those orders up. Nothing more than that. also if they have a large order in the.005s they will drop it all the way down to pick that up as well
everyone needs to buy some more lots. just spend a few hundy or less and keep it showing as all new buys. this way the MM will keep the price up cause of the demand!
people will def sell unless the market makers allows the price to move up to attract new buyers looking to get in.
Without any news or jump no one will be buying as it will only be us watching it as we normally do!
BUY.
a little afternoon shake perhaps for any newbies that took position. im not gonna cry if this stays in .006 today
you couldnt sell the stock if you wanted to.
everyone should pick up a few thousand for even 50 bucks or so. With the percentage spike it will pop up on others radar
its not at all that bad. people eyeing pennystocks prob woulnt have this pop on the radar yet until it pops 45%. some larger buys would make that happen and then people would notice and then read the news
it was around .0057. just 10000. just a little buying pushes this up and will help if market makers see people buying. They will keep the ask high
every one should buy a few thousand at the ask. i just did.
how can this not be seen as good.
< Back to Headlines
MedeFile International Reports 2010 Yearend Financial Results
8:30 am ET 04/01/2011- Market Wire
BOCA RATON, FL -- (MARKET WIRE) -- 04/01/11 -- Medefile International, Inc. (OTCQB: MDFI) (PINKSHEETS: MDFI), a leader in Internet-enabled Personal Health Record (iPHR) management solutions, today announced its financial results for the year ended December 31, 2010.
Financial Highlights:
Revenues increased 839% to $133,869 for the full year ended December 31, 2010, up from $14,264 reported for the prior year, ended December 31, 2009.
When comparing subsequent quarter-over-quarter results, revenues for the three months ended December 31, 2010 totaled $83,365, rising 90% from revenues of $43,903 posted for the third quarter, ended September 30, 2010.
Due largely to the successful implementation of cost cutting initiatives commencing in mid-2010, total operating expenses declined 38% to $1,334,770 from $2,159,356 on a comparable year-over-year basis.
After factoring $1,229,799 in non-cash interest expenses relating to notes payable, the net loss for 2010 totaled $2,492,310 or $0.00 per basic and diluted share, compared to a net loss in 2009 of $2,164,639, or $0.00 per basic and diluted share.
As of December 31, 2010, cash totaled $499,652; there was zero long term debt; and stockholders' equity totaled $272,562.
For more detailed information relating to the Company's yearend results, please refer to the financial statements included with this press release and the 10-K that was filed with the U.S. Securities and Exchange Commission late yesterday afternoon.
2010 Operational Highlights:
In mid-August 2010, Kevin Hauser, who then served as Director of New Business Development, was named Chairman and CEO.
Shortly following his promotion, Kevin Hauser led the implementation of an aggressive, multi-media marketing strategy to accelerate MedeFile membership growth. As a consequence, the number of members subscribing to the MedeFile service increased nearly 150%, rising from approximately 2,000 at the beginning of 2010 to 5100 as of December 31, 2010. Since that time, the number of members has risen to more than 7,000.
Central to the Company's direct-to-consumer marketing strategy has been the utilization of both targeted telemarketing campaigns and the adoption of online social networking tools. Currently, MedeFile is averaging approximately 100 new trial memberships per day through these marketing channels.
In late 2010, MedeFile introduced its innovative Quality of Care program to its marketing mix, providing for the Company to team with doctors, specialty medical practices and private hospitals to co-market the MedeFile system to their respective patient bases.
In December 2010, MedeFile welcomed a major cardiology practice and a noted gastroenterologist to its Quality of Care program. Subsequent to that time, the Company has engaged a team of sales specialists on a commission-only basis to actively promote the Quality of Care program to healthcare providers nationwide.
MedeFile has also been actively pursuing key strategic alliances and partnering opportunities with individuals, leading industry groups and healthcare-related companies.
Over the past year, the Company expanded its Board of Advisors, welcoming the following distinguished new members:
Dr. Barbara DeBuono, former Commissioner of Health for the State of New York;
Richard Farren, a member of the NYC law firm McLaughlin & Stern, where he largely focuses on administering the legal needs of major healthcare organizations and institutions;
Howard Mofshin, co-Founder of Cash4Gold and a globally recognized direct response marketing icon and emerging growth trends analyst; and
Dr. Gurinder Shahi, the co-Founder and Chief Marketing Officer of Rhapsody Holdings, LLC and former advisor and consultant to the World Bank and the World Health Organization.
In November 2010, MedeFile announced a partnership with acclaimed healthcare marketing consulting and entrepreneur Dr. Len Schwartz.
That same month, the Company partnered with RTM Networks, a marketing firm specializing in connecting members of college and university alumni associations, corporate alumni groups and professional and membership associations.
"We continue to be very pleased with the positive growth trends we are seeing in our industry and, of course, in growth of MedeFile's membership base," stated Kevin Hauser, President and CEO of MedeFile. "There are a number of favorable market dynamics that we are working hard to exploit and optimize so that we may perpetuate and accelerate the growth we are now achieving in our business. 2011 has started off on very firm footing. In fact, early indications point to 2011 being a potential watershed year for MedeFile. Among many anticipated accomplishments, we fully expect to begin announcing critical new sales developments on the wholesale front, stemming from our negotiations with multiple major healthcare-related entities seeking to provide their customers with a robust iPHR solution. Together with our other sales initiatives, this should allow us to achieve positive cash flow prior to year end, marking a major evolutionary milestone for our Company."
MEDEFILE INTERNATIONAL, INC. BALANCE SHEETS (Audited) December 31, December 31,Assets 2010 2009 ------------ ------------Current assets Cash $ 499,652 $ 1,513 Inventory 22,184 - Merchant services reserve 6,173 Accounts receivable, net 2,468 - ------------ ------------Total current assets 530,477 1,513 Website development, net of accumulated amortization 47,210 41,145 Furniture and equipment, net of accumulated depreciation 20,364 34,539 Deposits and other assets - 14,475 Intangibles 1,339 1,339 ------------ ------------ Total assets $ 599,390 $ 93,011 ============ ============Liabilities and Stockholders' Equity (Deficit) Accounts payable and accrued liabilities $ 310,325 $ 146,556 Cash overdraft 6,928 862 Deferred revenues 9,575 1,362 Notes payable - 411,253 Notes Payable - related parties - 132,924 ------------ ------------ Total Current Liabilities 326,828 692,957Stockholders' Equity (Deficit) Preferred stock, $.0001 par value: 10,000 authorized, no shares issued and outstanding - - Common stock, $.0001 par value: 5,000,000,000 authorized; 3,450,021,410 and 1,463,021,410 shares issued and outstanding on December 31, 2010 and 2009, respectively 345,002 146,302 Additional paid in capital 16,090,116 12,923,998 Accumulated deficit (16,162,556) (13,670,246) ------------ ------------ Total stockholders' equity (deficit) 272,562 (599,946) ------------ ------------ Total liability and stockholders' equity (deficit) $ 599,390 $ 93,011 ============ ============ MEDEFILE INTERNATIONAL, INC. STATEMENT OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2010 (Audited) 2010 2009 -------------- --------------Revenue $ 133,869 $ 14,264Cost of goods sold 61,610 - -------------- --------------Gross profit 72,259 14,264Operating expenses Selling, general and administrative expenses 1,134,371 2,139,381 Marketing expense 170,488 - Depreciation and amortization expense 29,911 19,975 -------------- -------------- Total operating expenses 1,334,770 2,159,356 Loss from operations (1,262,511) (2,145,092)Other Income (Expenses) Interest expense - note payable (10,166) (12,871) Interest expense - related party note payable (1,219,633) (6,676) -------------- -------------- Total other income (expense) (1,229,799) (19,547)Loss before income tax (2,492,310) (2,164,639) Provision for income tax - - -------------- --------------Net Loss $ (2,492,310) $ (2,164,639) ============== ==============Net loss per share: basic and diluted $ (0.00) $ (0.00) ============== ==============Weighted average share outstanding basic and diluted 2,346,081,850 1,463,021,410 ============== ==============
About MedeFile International, Inc.Headquartered in South Florida, MedeFile has developed and globally markets a proprietary, patient-centric, iPHR (Internet-enabled Personal Health Record) system for gathering, digitizing and organizing medical records so that individuals can have a comprehensive record of all of their medical visits. MedeFile's primary product is its web-based MedeFile solution, a highly secure system for gathering, maintaining, accessing and sharing personal medical records. Interoperable with most electronic medical record management systems marketed to the healthcare industry, the MedeFile solution is designed to gather all of its members' actual medical records and create a single, comprehensive Electronic Health Record (EHR) that is accessible 24 hours a day, seven days a week by the member and the member's authorized users on any web-enabled device (PC, cell phone, smartphone, e-reader) and portable MedeDrive unit. For more information about MedeFile and its annual subscription-based programs, please visit www.medefile.com. You can also
Facebook means minimal
big jump at open. a shake will come though with all who bought in the 003s etc and looking take a gain.
out of nowhere are we picking numbers now..
no volume.
you try it buying 1 share and tell me how that works for you.
YOU cant trade this. try and buy any amount or sell it.
you are unable
yes because they have not updated there systems yet..
I use Schwab Institutional for Institutional clients. The stock is delisted and done.