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I doubt any of you remember me but I've been a share holder for more than a decade. If I remember right, it was a mining company then became a media company now it's a Marijuana and consumer product company. Through all of the owners and products I believe this ownership has gone on the record with more news than any other. The thing I always try to remind myself is it is a pink stock so it is a company in infancy that is going to stumble along. I have made money along the way as I sold on runs and bought in the quiet times. Was any progress announced last week?
I doubt any of you remember me but I've been a share holder for more than a decade. If I remember right, it was a mining company then became a media company now it's a Marijuana and consumer product company. Through all of the owners and products I believe this ownership has gone on the record with more news than any other. The thing I always try to remind myself is it is a pink stock so it is a company in infancy that is going to stumble along. I have made money along the way as I sold on runs and bought in the quiet times. Was any progress announced last week?
An interesting read but when was KNOS ever falsely marketed as having a new product or mentioned as anything other than an empty shell? I've been it for years and haven't seen it.
DM- That was when they had shares, now they want back in cheap so MEDT is a POS.
Thank you for reposting and making my point. When was it 15 million shares 5, 10,15,20 years ago? I don't consider any of those numbers "few" years.
Your Post #33599.
So your definition of the "few" years ago when MEDT had 15 million shares was over 23 years ago?
I knew it was a long time ago but didn't realize that far back. I've owned MEDT for several years and it was never 15 million shares. Just more of the same.....
So by a few years do you mean 2, 3, 5 or 10 years?
Then show me any proof from the court docket that litigation was the reason the OS didn't increase for a year.
What is your definition of a few? I've been here for several years.
You are the one making it up as you go. I never said they were litigating against preferred share holders I said you argued in post #33418 that the OS was not increased because MEDT was in litigation. Why would an uninvolved debt holder voluntarily stop converting to commons because of litigation against someone else? They wouldn't, yet the OS didn't increase for a year which would have to happen should the preferred convert. The only way your argument held water was if the judge halted the conversions. In fact when you posted #33418 I replied asking why a judge would infringe the rights of unrelated parties and I believe I asked for proof then.
No, You never used the word "judge" but you said the reason the OS did not increase for a year was because of MEDT's litigation in post number 33418. The only meaning someone could derive from your statement is the judge halted conversion because as you just said the debt holders only care about themselves so why would they care MEDT was litigating? They wouldn't! Yet there was no increase in OS ie no conversions. Again, where is your prove that litigation was the reason conversion was halted? Let's see the court docket!
Me? YOU were the one who previously said the judge halted the conversion of shares! Prove it! Why would the judge injure unrelated parties? He wouldn't. So what is your excuse du jour as to why the OS hasn't increased in a year? Obviously these debt holders haven't been converting but now they are going to when they need only wait to increase their investments worth?
Yet you previously argued the only reason the conversions and OS increases hadn't happened was the judge in the court case they won had halted all conversions. Of course, you offered no proof this was what happened. If the debt holders can't be stopped, why would a court stop conversions from holders unrelated to the ongoing litigation at the time? The point is there has been no increase in the OS for a year and relatively little in quite some time previous. So your argument is these debt holders have sat back "un paid" all this time without converting but now they are going to convert and destroy their own investment as the company is finally making progress again?
Yet management controls the AS and the debt holders' preferred shares state they can not own more than 4.9% of common shares after converting. Since 1 billion of the 1.4 billion AS is already issued, it restricts conversion until the AS is raised by management who owns a majority vote. If it was the debt holders intent or easily done to convert these shares, our current OS would have maxed out the AS after the last 1000% run. The OS didn't change.
MEDT has had some issues with past management but with the stock running more than 1000% several times money can be made. It has proven it can run well past .004 in the past.
Yet the preferred shares which secure the debt all have a 4.9% maximum on common shares they can hold after conversion. Screaming it by capitalizing everything does not make it more truthful.
I'd tell them to look at the multi- year history of MEDT which includes runs to those levels and beyond to .01. The past downfall of MEDT was a lack of updates and action whereas the new CEO has brought the Financials current and has more regularly been updating the holders.
Since the MEDT management controls the AS and preferred shareholders cannot convert such that they own more than 4.9% of common shares, I'd say there is some control. If preferred wanted to and could convert at will, I'm sure our OS would have doubled when we hit .004 but there was no increase. Why would anyone convert at the lower end instead of the peak PPS when they could most benefit?
What you fail to mention is the restrictions state that at no time can they convert enough MEDT preferred to common such that they own more than 4.9% of common. You also fail to mention they used a vast majority of their recent settlement money to buy and cancel preferred shares which shows an intent to address the situation
Yes, we all know about people who say repetitively they only have good intentions but really have sinister ones. The difference is the MEDT management put their money where their mouth is spending $500k to buy back and cancel preferred stocks.
I guess you enjoyed the MEDT run from .0003 to .004 which is more than 1000% gains in a month so now do you think your re entry point is going to be .0003 or .0004?
It had the same float in February when it hit .004....
Why in the world would I or anyone else "trust you" when you refuse to answer direct questions about information you claim is the basis for your MEDT opinions?
You continue to state opinions or wishes for MEDT as fact.
Common Shares have remained the same number for a year and close to the same level for years so obviously the preferred have not been converting in mass as you insist on stating. They just canceled two classes of preferred and there are restrictions on converting all the preferred. Why do continue to attempt this argument when the OS has not been increasing? Furthermore, you have stated you are only here to warn and educate others about MEDT so why are you unwilling to provide names of debtors which you claim would substantiate your opinions?
You mean the preferred stock you admitted to not understanding how it will really effect the float? Most stocks at this PPS level are printing stock continuously just to survive, MEDT's float has remained the same for over a year and it hasn't raised that much in years.
I'm comfortable after reading the MEDT filings including the preferred without your boogieman debtor information which you refuse to share for some reason. If you are trying to help save others, why won't you share this information which you claim is so very problematic?
I thought with how much you've proclaimed you're here to "help others" you would gladly share your knowledge on the MEDT debtors & ownership.
So again you provide no substance. If everyone knows, then you should have no problems informing the unenlightened. Who are MEDT's debtors that you claim to know so well?
Translation: You don't know who the debtors are nor anything about the preferred shares.
So you are admitting despite all your warnings about the preferred shares, you don't know what their true effect on the share structure will be? Who are these debt holders you say will destroy the share structure and their own asset value in the process?
I'm neither worried nor desperate just got tired of listening to someone's unsubstantiated opinions presented as "facts". I'm feeling better about MEDT than I have in years after seeing the filing.
I'm quite sure you know what you write and WHY but the actual details of MEDT's expenditures are spelled out in the filing. A current company trading at these PPS levels is rare.
I refer you back to your post #33366 when you say the 600k was spent on the website and filings, etc.. It is clearly spelled out the bulk was spent on cancellation of two classes of preferred shares so why didn't you mention it?
Read the filing. It's amazing you can complain they spent the money but deny seeing how it was spent.
Two of the preferred debtors were just paid off and shares canceled so what is your point? Mine is you have shown no proof that the share count was frozen for a year and I doubt the judge froze the preferred conversion options yet they weren't exercised.
No Sir, your "logic" is dead on arrival. MEDT is acting to correct their preferred shares as can be seen by their paying off and canceling two types of preferred shareholders.
You have supporting evidence of this "fact" from the court? I doubt very much a judge would halt a preferred share owner from exercising their option, yet they didn't.