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Yeah. I wish it were better.
FWIW, Tuesday's ranks just came in a little more balanced than Monday's.
Here's how the world ranks went, rounded to the nearest thousand (remember, lower is better, and anything under 100k is great).
OL had a 124k rank after averaging under 90k for the previous week. [VERY strong week!]
WOL had a 126k rank after averaging about 180k for the previous week.
The nice surprise Tuesday was Fashion Jewelry, which had a 141k rank for the day after a previous week's average rank over 1300k (i.e. more than a million websites ranked better for the week).
VivaVuva has averaged about 700k over the previous week, and the other 3 development sites are barely registering, all with recent ranks around 2 millionth or worse.
In recent months, however, I haven't seen consistent correlation between traffic and orders (with what little order info I have from others, and with published revenue info), so it's tough to tell what this means for revenues. I think OL and WOL are healthy, but the rest is taking time to develop. I think the commercials are needed, and all the sites will benefit when they're aired, but I guess the time is just not right yet.
For those who were expecting a PR this week, let me repeat and expand upon what I've said before. I've been here for a full year and I've seen hundreds of the CEOs tweets.
When he says "soon", it means 2 to 5 months.
When he says "very soon", it means 1 to 2 months.
I've only seen him say "very, very soon" last week, but I have to imagine it means "2 to 4 weeks".
So, I'm not expecting news until either late next week, or the week after.
According to some of his tweets, it looks like he knows how important the share structure is to investors and it appears he intends on updating everyone on it at some point.
I don't know about all these lions and ologies, but I do know that OnlyLeggings has been putting out some major traffic numbers the last few days. On the bad side, it's the only one of the BRAV sites that's really showing strong traffic recently. The other sites have had low traffic of late.
Still, OL is the most important one for keeping revenues coming in until the network can be developed fully.
So, by 4/3, do you mean March 4th?
What's really encouraging about the last week for MDIN was that in the past, the stock price would drift slowly downward (after the dust settled) between news events or PRs. Now, the stock price is drifting UPWARDS between news.
So, the next time real news hits, instead of simply retracing recent lost ground, this should surge into new ground.
Well, only 1 1/2 years, actually, and they actually achieved .01 once in that timeframe, as well.
Just warning folks not to get hopes up on the timeframe of the news. Some people interpret "very, very soon" to mean one or two business days. That might be what it means, but I think it's more likely to be one to three weeks before we get news, just based on past experience.
No, the OS is between 700 million and 800 million.
Nobody's sure exactly where in that range it will settle.
It is currently in flux due to getting rid of some debt, and some re-working of 400 Million restricted shares from the lactose intolerance deal.
No, I doubt Monday. I think when Nick said he'll announce great things soon, he means late March.
Give it 3 weeks before you start looking for the PR.
I've been tracking daily Alexa traffic for the 7 sites.
The development ones, of course, have almost no traffic, but the main 3 sites have also been slower than average on traffic for the last 3 weeks.
I just saw the update for Tuesday's traffic, and OnlyLeggings had a monster Tuesday, with a single-day worldwide rank of 49,223 (just for that day), which matches its 2 or 3 best single-day ranks in the past year. Its reach and pageviews were far more than all the other 6 sites combined.
These days happen from time-to-time, then traffic falls back the next day. Still, it's good to see a huge day for their largest site after the recent period of slowness. Hopefully this is a sign of a longer-term wakeup.
All very good points.
If you read back through past years' quarterlies, you'll see that they moved to that office space many years ago, and used it during the 3+ years when they were just a consulting company, before they resumed the retail business. I believe the purpose was to be near NYC, while still having as low a cost place as possible which would make them "official".
Given the low revenues, I doubt they have more than 1 or 2 actual employees other than Nick, if they have any at all. Production is outsourced. The business is mostly based on Nick driving around and calling to get production and distribution deals. The minimal website work was also outsourced, and certainly not some employee sitting in their office.
My guess is that they might have some 1 person working part time to help deal with admin, paperwork, scheduling, emails and such, and the rest is all Nick, and the chance of you seeing anyone in the office during normal working hours would be < 50%. Nick can probably do a lot of his phone calls and email out of his home, wherever that is.
I would guess that as revenues rise and they get consistent profits, you'd see them move to a more strategic location and hire more office help.
Let's be real, guys. It takes time to bring products to market. The more regulations on a product, the longer it will take. It takes time to get everything negotiated, designed, tested, approved and manufactured.
The sports nutrition bar should be the simplest to get to market. It was announced 2 months ago. That should be coming out in the next month or so, meaning about 3 to 4 months after announcement.
The lactose intolerance product was announced last summer. It probably won't have an initial "supplement form" out until this summer, meaning about a year after announcement. The more profitable prescription form won't be out for another 1 or 2 years after that, at least, given the approvals they'll need to get.
So, the MMJ spray is likely to be between those two timeframes. I would guess 5 to 8 months before it's actually available. The only thing you'll get before then is gradually more info on the product, such as who their partners are, then some things about the formulation.
We all knew that Handbag Habitat would soon make its reappearance, but that last one was a surprise, and I'm much more eager to look at that site than a handbag site! I'm just hoping that if they ever decide to do a lingerie TV commercial, that they don't make the mistake of showing Danny in it!
I wonder if they'll be able to offer a common shopping cart across their sites, so a customer could do just one checkout.
DO NOT EXPECT ANY REPORT OUT FOR AT THE LEAST ANOTHER 4 WEEKS MINIMUM.IMO.
The dollar volume today was their highest since they resurrected the business late in 2012.
Over $550,000 worth of volume today, easily their largest day of trading in that time, both in number of shares and value.
Also the Report will not come out before March 30th Imo.Do not ask me how I know:))
Good find.
And likewise, womensbasicshabitat.com now redirects to basicshabitat.com
I like the shorter names.
This is a very good point. With more resources for advertising, this could really go places fast.
Nice testimonial. More good news.
I am about 90% sure Q4 will be less than 900k.
By my estimates it is most likely to be about 800k.
The chill is in place due to events from 3 to 4 years ago, I don't recall the exact time frame, when previous management was desperate for financing and got some from a shady group that led them through lots of dilution and reverse splits. They need to make sure that all the shares from that time were accounted for. New MDIN leadership provided piles of documentation to DTCC last spring and summer, but still no chill removal. The CEO even went to the DTCC offices in the autumn to inquire about the holdup, and was told something about an ongoing investigation into that financing group.,
Nick Chieco CEO ?@MedGenInc 49s
@drstock123 should be out after the close , depending on how quickly OTC approved it
drugstore.com most likely won't affect the current accounting quarter due.
As someone else already replied, the $5 million revenue mark was for distribution deals, and is considered deferred revenue. They don't actually "get" the revenue until product is sold to the end user, and little if any of that has been actually sold, or even reached shelves yet.
The last 2 reported quarters' revenues were: $153k and $82k (if my memory is correct). Before those 2 quarters, they had almost no revenues for the previous 4 years.
Their fiscal year ends Sept 30th, so we're about to get a report for Q1, and we're currently in Q2.
I expect them to be a little over $100k for the quarter they're about to report (Q1), and closer to $200k for the quarter ending March (Q2). After that it just depends on the success of new products and how well they grow distribution of existing ones, which is anybody's guess. It could explode upward for Q3, or only grow slightly.
A lot depends on how quickly they can get the lactose intolerance and MMJ products to market.
THC for stopping cancer or HIV?
http://www.huffingtonpost.com/2014/02/11/marijuana-hiv_n_4767901.html
Oral spray might be a good way to administer this.
So you don't think that the MMJ announcement was enough to generate that kind of volume, especially hot on the heels of the drugstore.com listing?
I disagree. I think those 2 things alone were able to generate that much volume.
So where did the volume 3 days ago come from?
Question why in the intro is there red type contradicting the above statement? Does MDIN have the previous revenue or not.
All correct, except that they said they'd been working on the MMJ for just under a year, instead of just over a year.
They only resumed selling any products at all just over a year ago.
Because it was just announced as entering the MMJ business earlier this week, and news has yet to spread, and until they show an actual product, some people won't believe it.
All of their other products are alternative healthcare, but not MMJ. They have 5 products selling and 3 others under development (1 of which is the MMJ).
Yeah, we're getting hammered with snow and slush, but it'll be all gone by early Friday morning. Friday should be a normal business day.
However, the storm means that they'll probably not get the quarterly out until late in the day Friday.
Quarter ending 9/30/13 they had 85k in sales and 7 k in cash. When the numbers come out Monday what will we see?
I am all for having 1,000 websites, but first I would like to make sure that the leggings websites and vivavuva are successful websites.
I would much rather have 3 successful websites than 1,000 that aren't successful.
Got quiet during lunch hour. News spreading over lunch.
Power hour approaching.
Yup. The chart is trending nicely. It's holding up strong at its new price level established on Friday.
Needs to spend about one more day in the 009s before we're ready to push past a penny for good.
Here are some links to 4 different people having success with the pet product, Health Enrich for Pets:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90452829
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91264687
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90453711
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=93391078
Buying pressure is returning! Lots on the bid at 0034!
cant stress the point enough MDIN is the real deal this is not a rumor play
Yes, there's been a battle going on in the 003s between profit takers and newcomers.
It's been up and down 3 times already.
A lot of people had long-term averages in the 002s and 003s, and are simply reducing their exposure after being in the red so long. They will soon be done, after which this will go right into the 004s, probably late today.
If that happens, then tomorrow should be up big.