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Horn, there's a difference between enhancing shareholder value to build the company and enhancing Horn's IRA and college funds for his kids between now and next week.
Good luck.
We can only hope some are so stupid as to put MCLN back on the Reg Sho list. =)
If so, good exit and re-entry over a 2 day period. Kind of like last time.
Pix...
How could you possibly post something so erroneous when the NEXT SENTENCE REFUTES WHAT YOU POST!
Good Lord...
Interesting thoughts.
From what we can gather, the backlog in contracts was as-of 09/30/2009 in the 10Q. The interview I posted took place, as you pointed, mid Q4. Could the additional contracts that they are awaiting installation instructions on be booked between 09/30 and that interview?
If so, 60% of the contract amounts are due at signing, which makes the upcoming earnings...well, go figure. Let's just say interesting if that interview is foreshadowing.
How do you know not a single contract? That's quite the boast for unverified information. In fact, the majority of what you post is 'pie in the sky'.
Nice one! What's your agenda?
Combing through some due diligence this morning, I wanted to point to a discussion the executives had with Biomedreports at some point in November. It is the most recent communication from the company. Not a press release, an interview. Again, you can't say these things and mislead investors.
Here's the link.
http://community.smallcapnetwork.com/MedClean-MCLN-OB-Team-Sees-Opportunity-to-Emerge-as-Breakout-Player-in-Regulated-Medical-Waste-Market/s/article/view/p/mid/5/id/17/
BioMedReports: Could you talk a little bit about the backlogged orders: I noticed from the 10-Q that you guys have a lot of business coming in and some of the orders are backlogged and I’m curious. Is it because you haven’t been paid on those orders that you got or there was so much business going on that you can’t get to it all?
Scott Grisanti, Chairman of the Board MCLN: Well, we actually took to revenue. A significant amount of our backlog from the third quarter and that represented some systems that were sold earlier this year. And that’s outlined in the filings. In addition, there are a more customers where there are contracts in place, but we are awaiting further instruction on system installations.
BioMedReports: So there shouldn’t be a concern, perhaps from the investors who see that, that you guys can’t keep up with orders:
Scott Grisanti, Chairman of the Board MCLN: Oh, no, no, that should not be a concern at all. If that’s the feeling that that data was leaving you folks with, no. That is not a concern that we have.
BioMedReports: So just to make it clear, you are now able to take orders for these systems from all over the country right?
Scott Grisanti, Chairman of the Board MCLN: Yes, that’s right. And we have systems today ranging from California to Iowa to Texas to Massachusetts to New York to Maryland to Puerto Rico to Illinois. So we actually, for a small company have a pretty widely distributed customer base.
It's dead money until the PR.
jeff@haydenir.com
Because we write to INVESTOR RELATIONS, not management.
If it breaks a penny, I'm backing a pick up truck to my broker's office and buying a ton!
If you check my posts and another individual who posted a reply from Mr Stanlis, they are identical.
Watch Reg Sho again?
Find the report and read the disclaimer at the end of the report. It's accurate.
http://biomedreports.com/research/cat_view/41-stock-research-reports.html
Nothing has substantially changed from all the DD that was done. What has changed, however, are certain people's patience.
Ants in their pants, if you will.
nice pack of lies. unbelievable.
I hope you're right, cause I'll be there to catch more shares before the next news release. =)
out of curiosity, how did you ever arrive at a $1.25 target?
No way to tell. I think you have the majority of individuals that now own the stock in it for the long haul.
If we get to mid February and we're near .02, I'm loading up on another 100k in shares.
You know, sustained revenues like last quarter would produce share prices of:
.027 at a 14x PE
.048 at a 25x PE
I say this utilizing a rounded share count of 700M
With all the buzz on contracts, the potential is here for a huge gain. The thing that I don't like about some of the posters on this board is that they seem to incessantly whine about 'no new contracts' and other various items, particularly the CT location that they 'couldn't afford to stay', which is an outright lie.
They have had a history of PR'ing new contracts, however, MO is that they were doing so to generate interest in the stock to shove shares higher. Now with all these new business deals that could lead to significant numbers of contracts and plenty of interest in the stock, is there a need to continue to announce every sale? Do other stocks not in penny land announce every sale, especially since we do know that their goal is to move it to the major exchanges.
All this board noise by a few is conjecture, and the fact remains that we won't know jack until the company speaks to us. IMO, with all the stars aligned for some major moves in the marketplace, I'm leaving my money in this one. Usually, we're waiting for a major breakthrough, FDA approval or phase I or II results, but in this particular situation, everything's in place. They just need to perform in the next 4Qs.
You mean there wasn't a 4th option?
Pure genius!
If earnings aren't good, this could be back in subpenny land.
I'm hoping the earnings is as you describe, an ambush. If that's the case and we continue to drawdown with mostly shorters and hedgies, there's a nice trading opportunity if they're good.
What's keeping me here is the Socius deal.
Just for everyone's edification, here's the reply.
Thank you for your interest in MedClean.
MedClean has not yet announced a date for their Q4 results. Their fiscal year ends 12/31, so this is the annual audit and the form 10-KSB (as opposed to 10-QSB) so the review and audit process is a bit longer. As such, all public companies have 90 days following the end of their fiscal year to announce results. Accordingly, most 12/31 fiscal year ending companies announce results in mid to late March.
As you may know, much of this timeline is driven by the independent auditors, and their schedule. I currently expect MedClean to announce sometime in late March. If the Company conducts a conference call, which they have not done in the past, we would expect to announce the date, time, and dial-in information for this call approximately one week before. At this point, I have no reason to believe that the Company will do a call, but if conditions warrant, and if there is sufficient information to disclose, we will certainly consider that option. Absent a conference call, I don’t expect there will be any announcement of the date of the earnings, and investors will see a press release when it is finalized and approved, following the audit I described earlier.
In addition, it would be a selective disclosure for the company to tell a single shareholder the date for their earnings call without telling all shareholders, so we will not be able to provide interim updates on this matter.
If you have any questions, please feel free to call.
I sent an email and got a reply on earnings - Late March is the target time, but it's driven by auditors. The company 'may' choose to do a conference call, which they have not done in the past, if there is a situation or information that warrants such.
It would be nice for a surprise in February since they have been so quiet.
Has anyone contacted IR about when the earnings or 10Q is coming and what was said?
I've heard speculation and earningswhisper isn't correct, but I'm not sure if anyone has contacted them directly.
TIA.
I personally believe that my last post has their sales points articulated quite well.
As long as their ROI is in order, and they meet certain solution requirements...they can win.
The next 10Q will tell, and to me, the MedAssets agreement speaks volumes about where both MDAS and MCLN stand with their beliefs in those sales points.
Do you own dd...but i can't wait for the 10Q...
Oilstrike,
Your comment prompted another email to IR from me to get a better handle on the contracts with current players.
My question:
"When a hospital has an off-site firm handling the disposal of RMW, do they typically sign service agreements with those companies for a specified period of time? And if so, do you happen to know the average length of a contract and typically, if stiff penalties are worked into those contracts? I know some contracts are structured like this, and not sure if it works the same for the services that are your business."
His response - Mr Stanlis:
I checked with management, and what I’ve learned is as follows.
Most, if not all, agreements favor the hospital and are not very restrictive. MedClean has never run into a situation where they are contractually locked out of a potential customer. If they have an ROI that is compelling, the hospital can adjust. For example, they can allow their current vendor to handle oncology or surgical waste, while MedClean handles red bag waste. There are no minimums in the contracts, so such an arrangement would not violate any agreements. Also, there have never been any “stiff penalties.” So again, to summarize, this has never been an issue for MedClean in any negotiation or agreement. Perhaps that will change in the future, but it hasn’t happened thus far. As you probably know, this industry has historically been dominated by one large player and a number of mom-and-pop players. If MedClean gains traction, that will change, and I’m sure the market leader will have a response. At the end of the day, it will come down to who has the best solution, and moreover, who can provide the best solution (from a convenience, compliance, financial and environmental perspective) to customers.
I hope this helps.
Love how you folks are the ones that are hostile...
I read my links pal, and for your information, segregating waste with signs doesn't mean jack to those visitors that show up bringing all kinds of goodies. I have a sandwich and a cup from Subway and I care less where it lands, red or otherwise. It's gone to me. Furthermore, if not policed to the nines, the nurses that are overworked won't care where the hell it all goes.
My wife and i just had a baby and nearly every piece of trash generated while we were in the room was levied into a red bag, treatable or not.
So, the question is, buy a system that treats 3M pounds of waste and eliminate your RMW expense hauling or hire somebody like you to run around the hospital pointing in trash cans, yelling at the staff on the ground.
Let's chat after the 10Qs for 4th and 1st quarters, shall we?
Yeah, with budgets getting leaner, good luck with that. Put your energy into policing trash cans...
Sorry, but the shorthandedness by health care is going to make that attempt to do what you propose marginally successful at best.
Logically looking at this company and product, from a business perspective...
IF RMW expenses aren't just costly to dispose of on their own
See slide 10 for a REAL EXAMPLE -
http://wsppn.org/hospital/pdf/az/04_2%20Minimizing%20RMW_AZ.pdf
AND there is an inordinate amount of waste that enters this stream that is not RMW - SEE THIS REPORT
http://www.h2e-online.org/docs/h2e10steprmw20103.pdf
AND MedAssets is an organization that helps health networks control costs through group purchasing and other service bundles...
AND Vestara's business is to further help reduce risk and costs to hospitals...
http://www.prweb.com/releases/2009/09/prweb2870584.htm
THEN the solution for MedClean makes logical sense, helps reduce costs and provides a solution that dramatically cuts costs associated with unneeded volume in RMW disposal for hospitals. The relationships are there to gain introductions, as hospitals work to slash costs in an environment where insurance carriers and the government are cutting reimbursement levels (I know, I sell insurance for a large firm that does business and benefits in PA)
The management/sales team has to start making progress by 2Q and get contracts in the pipeline. If you can show real life examples, take this information on the costs I found readily on the web, and measure those against average cost savings from clients that are satisfied with the MEDCLEAN product, as well as have accurate maintenance cost information/utility usage and employee training (which if they want to gain a reputation, would be done on their own), then the sale or introductions to hospital CFOs/CEOs becomes a no-brainer, and you arm those people with the knowledge needed to help sell to the board.
Anxious for numbers and if they aren't stellar right now, then it should provide guidance for next quarter.
I think we're going to get a shot in the arm in early february. JMO
I'm sick of all the whining by a chosen few and conjecture based upon limited info, as so much has changed since the 10Q AS OF 09/30.
"I haven't gleaned one bit of fact. Everything I read here is hearsay "
Hey Pianist, all you post is hearsay and conjecture. Why do you keep lying about CT? I called IR a few weeks ago. They don't need all the space in CT because they figured out how to RUN LEANER, and they're trying to renegotiate the lease to reduce costs and sublease the space to gain more revenues! In case you didn't know, that is a very good thing.
The majority of us know your deal. As I said before, your now just funny.
Finally, some real questions!
I agree and all are negative.
One other piece of food for thought, anyone know any other trader that would overtly announce their position on a trade? Seems like a ploy to gain some credibility to me.
I'm done with these guys and will communicate with them again in February to stuff the 10Q down their throats.
Both piano and paulie have motives. Paulie was clearly exposed talking out of both sides of his mouth by highlander.
Neither of them have posted a single VERIFIABLE (to use your words piano) negative item. No links, just whining about the fact that the company doesn't pump the market with fluff.
Your verifiable info is coming right around 02/09, good or bad.
Highlander, that was money!
Crow anyone?
Please search for general contractors that build buildings, sometimes called construction managers. I've seen firms with revenues in the millions of dollars building 4 story office buildings with like 6 people. How do they do that?
Boy, are they tired at the end of the day!
"This post is in no way construed to promote or dissuade anyone from opening or closing a position in MCLN or any other equity. Do your own DD and make your own decisions, please. It's your MONEY!"
Quick comment to this:
Keep your friends close, keep your enemies closer. Sure sounds like a higher pps is your enemy, doesn't it? Every post is negative are targeted to create doubt. To me, now your just funny.
Both you and Paulie, let's reconvene this discussion after the 10Q, shall we? I have a strong feeling that 'one installer' is gonna be BURNED OUT!
I'll tell ya, you sure have a lot of opinions that you need to get off your chest. That recent high was intraday trading. Never heard of someone so enthralled by a quick squeeze that didn't last (reg sho).
I'd like to remind everyone what Laky was quoted as saying in the biomedreports article:
"Our manufacturing and installation bandwidth is running at full capacity," says David Laky, President and Chief Executive Officer of the company, "but that's a nice problem to have and we're actively making changes to accommodate more orders."
"We're excited about the collaboration with MedAssets and they have definitely enabled us to provide our solutions to an expanding base of customers,” adds Chairman Grisanti.
http://biomedreports.com/articles/most-popular/19782-part-i-one-mans-trash-is-another-mans-treasure-medclean-technologies-otcmcln.html
3 points here:
1. You can't say those things and mislead investors;
2. Since this was published on 12/1, the interview took place AFTER 3Q results.
3. They don't feel the need to update us on their business every three seconds or when they sell something. They let us know the significance of the MedAssets contract when it happened and from this quote, it seems like it is working! If there is another big event for the company, surely they will let us know.
According to earnings whisper, 02/09/2010 is the estimated earnings report. Putting all this together, I personally expect positive news, not via ongoing PRs, but like real companies do, at earnings time, with decent revenues and several contracts in the works.
Lastly, I thought I would post an exerpt from an IR communication with a fellow investor:
"if individual investors began reaching out to customers for references it would quickly become onerous and potentially alienate otherwise satisfied customers. Obviously, most investors are concerned with keeping existing customers happy and getting new customers, so we believe this is an appropriate prioritization. For context, I’d point out that I’ve received six inquiries from individual investors today, most owning less than $1,000 worth of stock, and today is a slow day. You can imagine how this would spiral out of control for a customer, particularly in the age of Internet message boards.
The Company endeavors to provide as much detail as possible, including both the risks and rewards of an investment in MedClean, in their SEC filings."
Quick translation: do your own dd, read our 10Q and leave our customers alone! Wait for us to publish news cause we don't care about Monday to Friday pps movement.
Rightfully so, they shouldn't care about Monday to Friday swings, thats for guys like Abby that can predict the weather.
The only thing they owe us is an accurate snap shot of the landscape in the upcoming 10Q and to do everything they can to create value over time.
Then again, piano, maybe Laky will call you to say he's sharpening another pencil while you hear the grinding in the background ;)
GLTY
Still learning more about TA chart reading and trying to understand as much as I can.
It looks like it bounced off the top BB that killed the run. My question is, if there is any way to predict this, what's it going to take for the MACDs to cross?
Now you have my attention.