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$5,000 cash on hand, drastic reductions in professional fees and rent, marketing, and business travel, two people known to be left in company. who is left to do what? no one operates any "company" with $5k on hand, two people, and no marketing and travel expenditures. the dirt's been shoveled back on top of this coffin. just waiting for placement of the tombstone. RIP MCLN. it's dead. it knows it. family and friends gotta accept the reality.
jd757 on face of it seems huge. but small hospitals not big producers of medical waste in volumes to justify having mcln type equipment. if assume 5,000 acute care hospitals in u.s. making medical waste and 2,000 are too small, market potential in remaining 3,000 much smaller. if assume many of those 3,000 remaining just want medical waste hauled away by company like stericycle and 1,000 of 3,000 have on-site equipment then where is market opportunity? steal business from stericycle? not going to happen. stericycle just reported another huge quarter. replace some of 1,000? maybe but how many need to be replaced each year? not enough to get mcln out of 0.000 land in this new century.
Interesting article. In theory makes a lot of sense, very logical. Problem is that on-site treatment systems also located most often in basement area loading dock area where red bag waste is stored. If medical waste floating around in water, can be sure on-site equipment like MCLN's would be UNDER water.
NEW YORK, Nov. 6, 2012 -- /PRNewswire/ -- Evacuated New York hospitals are contending with red bag infectious medical waste in their flooded basements. As the NY Post reported on October 30th, "One official said...at NYU there is medical waste floating in the basement." Hurricane Sandy has created a potential public health risk at area hospitals that don't have on-site medical waste treatment equipment. Traffic and low fuel supplies exacerbate the ability for hospitals to truck their medical waste to treatment facilities, which are located hours away from the region.
"While the coalition has been educating people for years about overlooked issues in hospital emergency planning, it is still shocking to hear about infectious medical waste floating in flooded hospital basements," said Darrell Henry, Executive Director of the Health Care Coalition on Emergency Preparedness.
"The ability for our healthcare facilities to maintain operations during times of crisis is a matter of interest to us all," said Henry. "Unfortunately, it is not until natural disasters occur that hospital operational sustainability is put to the test and highlights vulnerabilities in emergency planning."
"The last thing patients and those working in our hospitals should need to worry about right now is untreated medical waste -- much less the public contending with trucks filled with such waste further clogging the regions roads," said Henry.
The current practice of most healthcare facilities is to transport these hazardous materials off-site by non- clinical, commercial truck drivers to a regional facility to be treated and disposed. Over 1,000 hospitals nation-wide are using commercial scale systems to sterilize infectious waste on-site in order to render it safe without risking public exposure to potentially deadly pathogens.
The coalition is going to continue to monitor and evaluate emergency operational sustainability and the handling of infectious medical waste at hospitals in the region.
Read more here: http://www.sacbee.com/2012/11/06/4965233/medical-waste-floating-in-the.html#storylink=cpy
discourse on this board has diminished to a mere fraction of what it was and for good reason. most investors accepted fact quite some time ago that mcln promise evaporated. with no sales reported this year, departure of ceo from clueless crew, skeleton clueless crew remaining, competitor advances that have left mcln in industry dust, is incomprehensible anyone writing here about mobile units that were a farce in first place to anyone other than uninitiated and industry uneducated. 10q? really!!! does anyone really think for one nanosecond there will be anything positive reported? if so, please - on what basis? the stupidity of SOMEONE KNOWS SOMETHING!!! mentality that has been repeated over and over again for, what, two + years is staggering.
why bother when mindless drivel has carried the day?
ok but convert to a formula now. formula long since added up to negative number. :>)
staggering. just staggering.
i rest my case.
if it weren't such tragic reflection on true status of mcln would be laughable that the many SOMEONE KNOWS SOMETHING!!! and "this stock ready to take off" adherents gone. just completely gone. so much for "due diligence" that was no deeper than reliance on words of those who couldn't execute and now are gone and blind faith absent recognition of dismal reality over years not months. life and time sadly moved beyond mcln.
has to be someone there willing & able to do that. when marketing guy esposito #2 left months ago u saw immediate decline in shareholder communication or outgoing communication of any kind. with laky gone it will be nonexistent bcuz there's nothing to report. zero. reality check folks. if u were accardi and cfo and saw all other members of ur team gone, people responsible for hiring you gone, wouldn't u be looking for another job just like laky?
only thing left to happen is upended stern of uss mcln to quietly slip below the surface. last report - no survivors.
what is left to lead other than a cfo and a sr vp sales & marketing who has failed to generate revenue? who would WANT to step on to deck of mcln ship that is already bow down, stern up and headed for bottom? the franchise that existed has been obliterated. meanwhile, mcln competitors old and new have gained ground, moved past mcln like s**t thru a goose. laky's resignation is significant act of surrender. say what you will about him, he has hung in there hoping, i am certain, that he could make their lousy business model a success. would be huge financial success and professional credit for him. fact that he resigned shows he knows they can't and won't execute, ship headed to bottom.
please - give us all a break.
no, accardi-sr vp sales & mktng and sadowski-cfo part of original crew and still there.
laky, the president & ceo, has resigned. anyone still believe their own bulls**t about future of this company (SOMEONE KNOWS SOMETHING!!!) Yeah, that SOMEONE was laky.
banjo. well done! but be careful! ur sarcasm will be construed by some as backdoor company-stock bashing. funny thing about those things called facts however. can be difficult. facts here add up to dismal failure.
i don't get it. i keep waiting for the SOMETHING'S UP to reveal itself, the UPTICK$$$$to occur, the "here it goes boys" to go, the "this is going to rocket" to leave the launch pad and, finally, THE MOST BULLISH EVER!!!! bulls**t to drop so to speak. come on ladies and gentlemen, boys and girls. i am missing the unshakable belief expressed over and over again these past many months, few years this going to $.02, $.05, $.20. where'd y'all go?
posts 33016-33021. absolutely absurd. fact anyone would regard this stock movement of .0001 as encouraging (btw, didn't go where predicted to whopping .0003)is laughable in shadow of q2 report. stop wasting space on this board with more pablum. SOMEONE KNOWS SOMETHING!!!! nonsense gone on way too long. Only SOMETHING most everyone KNOWS is this stock, this company is in grave, just waiting to be buried. the esposito team and what's left of it took a company that had established thru hard work a presence in waste industry and trashed it, killed it with shameful arrogance, ignorance. not opinion but fact so anyone still promoting this stock on this board is delusional or conspiring to keep unjustifiable hope alive.
omg! talk about leaving front porch light on for jimmy hoffa, amelia earhart, and d.b. cooper. it ain't gonna happen folks if it hasn't happened by now.
good god people. that disclaimer language has been in statements for a couple of years!!!!!!!!! ur reading it like it's news, some new revelation?????
appreciate youthful exuberance but it is misplaced. those who have lived with this stock for several years know the history in all its ugly detail. failure to execute. anyone thinking q2 report going to be anything but dismal is delusional, in denial about real status of this company. if there had been good news, any news, about sales would have been reported in press release already. but nothing, so what is basis for hope or optimism about this q report? face reality and stop wasting space on this board with nonsense about moving this stock.
precisely written
pro-trader, i agree. re q2 results what r these mcln zealots expecting? what in past will drive q2 improved results? consummable sales? bfd. some service revenue? bfd. no equip sales reported. no regl processing center reported. ANYTHING might be reported in q3 won't impact 2012 financials. this is failed effort. industry has moved beyond mcln.
such vision!! such insight!!
wrenchman, these guys been with mcln for four years come september. FOUR years. what to show for it? u or anyone else still holding out hope tell rest of us why u would put more $$ into this stock. people lose jobs in much less time for lack of performance much better than what these guys have produced. FOUR years. really?
i hear ya
pack10, covidien is multibillion global corporation making $$ in ways that have nothing to do with mcln. mcln shareholders can dream about covidien & mcln in same dream about winning powerball.
thank you pack10 for the reminder to ttxxhorns. but u know what? ain't gonna stop him. will be more SOMEONE KNOWS SOMETHING!!!! bulls**t any time now.
actually pretty smart. got in way over their heads, too arrogant to acknowledge it and do something about it other than throw s**t up at wall. unfortunately all at investors' expense.
wow!!!! a $6,000 buy. wait. SOMEONE MUST KNOW SOMETHING!!!!
and so?????? BFD!!!!!! no business pr's = nothing to report on financials. if no business pr's issued ytd, remainder of 2012 a bust.
do not encourage ttxxhorns. more pablum he has been spewing ad nauseum that has nothing to do with reality of mcln.
looks like someone needed change for parking meter.
oh really muga!!!! and do tell what empirical evidence u have to support such nonsense. have u noticed. no one bothers to react to this junk anymore. surprised i have.
don't you tire of such nonsense? same old stuff for what? 2+ years?
wow!!!! such insight!!!!
do not read anything into this. door to the mcln bod is a revolving door.
sorry muga. after 3+ years, there is nothing great about 0.0002 for any stock, mcln included. that's just common sense.
the deniability of reality laughable. pps only increases bcuz of revenues & profits & upward trajectory of business. all awol at mcln for 3+ years and still awol. but keep dreaming and denying.
and that flushing sound u heard was real as investor value continues to go down toilet.