Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
And another for the IND dcellvax application, all issued over the next several days, all to get MAX opening day price for REGN.
Wrong.
Second quarter 2013 MDIN reported in their quarterly filing 6 million in revenue. Third quarter 2013 MDIN reported 7 million more in deferred revenue. They had gotten a legit auditor by then who would not allow any of the revenue (6 or 7 million for a total of 13 million) to be reportable other than a financial footnote.
Fourth quarter 2013 all 13 million in revenue vanishes from the 10q, even as a footnote.
Why is MDIN mired in the low teens and may continue to slide back into the trips? Why doesn't even the penny market rewardMDIN for seemingly good news like the Kush deal? Because of the history of outrageous claims that prove to be false like the missing 13 million from 2013.
I'm just as frustrated as anyone that my stock is suspended but the SEC, as careful as any govt beauracracy just suspending a stock because of complaints is laughable. It's a lot more plausible that there is real evidence of misconduct.
The 24 million was his pro Forma (projection). The 13 million he claimed in his quarterly reports until an actual auditor disallowed ALL of the sales as bookable. Is there 13 million in unpaid for inventory just collecting dust in warehouses? Highly doubtful.
Not an accurate picture. This ran to a penny ONCE on news that turned out to be utterly false (13 million in rev and product being stocked in BB stores). It has languished since last May ever decreasing while the float increased to 1.2 billion shares from 250 million shares (presumably to eliminate a large debt obligation). It had a nice run from .0005 to .004 earlier this year but soon dropped back to the trips. Recent news has doubled the PPS and it does look like progress is being made toward real revenue. The penny market has become weary of the claims made by management so recent MMJ news has not resulted in price increases seen in other pot stocks. Many investors who bought prior to last May when it did run to a penny are furious at the disconnect between promises made by management and results.
There's a clear explanation for MDIN to be tanking: a history of big news that never happened. It's come to roost now and current investors are the victims. As at lest one long had alluded to, the 10Q and actual verified revenues are the only real way out of this cycle. Nick and team have to re establish their credibility.
Gee, I've found that integrity, honesty, listening more and talking less, and successfully meeting stated plans are the real foundation for a successful business. The straw man arguments about "understanding " partnerships, etc are mostly process and operations. It remains to be seen whether MDIN has trustworthy management that can deliver. Today's news is good but as the PPS demonstrates 80 million shares traded .0001 higher. Investors are wary of this group.,
What are we getting Ready for? Is it the same thing we were told to Get Ready for last May, June, July, August, September, Octiber, November, December, January, February, March, April And May?
Since there are no SG and A costs noted in the financials I guess the new guy is working for free, too. It warms my heart to see the entire staff at MDIN not take salaries and not dilute, all for the benefit of really smart, experienced investors. Don't know how those detractors can possibly question the motives, integrity or results of such an exemplary group of executives.
I started buying at 26,in May 2013, averaged down in December and January at .0006 and 7, then sold at 26 on MMJ news. Made 25 or 30k. The point is you can make money but don't count on MDIN holding the price. Sell on the run.
Where does it state that the FDA has 30 days? This has been an assumed obligation by many posters but I've never seen anyone confirm this. Nor do I necessarily believe its strictly enforced. Having said that I believe whenever we get FDA approval AND submission of dcellvax this goes to uncharted space.
Just read an article entitled 'But this time is different' about the folly of ignoring all the traditional warning signs in the stock market. The idea of waiting for years for this 'company' to come into its own sounds like delusional rationalization to me. That is especially true in the penny stock market. Sell into the next rally and start making money or cutting your losses. Or, continue to support it like its the next Proctor and Gamble and hold for 3 years, at which time Nick will leave out of frustration and the company will once again go dormant.
If that happens them I will lose out on the play. I believe that the lack of news will continue for some time and we will get into 5 and maybe lower territory. That's where I would be comfortable getting in.
I've seen no predictions about the end of May. I have seen predictions about hearing something 30 days from May 8, the day BMSN sent their response in to the FDA. The FDA has 30 days plus/minus to respond and given we appeared to be at one last clarification approval of IND seems to be a reasonable outcome; which would trigger a reason to start the trading of REGN and the submission of dcellvax IND.
So the question for investors is: going forward is MDIN worth the risk at this PPS? Forget sunk cost and how far down everyone is. Will this see 3,4,5 hundred percent returns; which is the only reason anyone puts money into stinky pinky stocks. Given the last four quarterlies we can see where the numbers are. It's a company with one product that has any measurable sales, Snorenz. Maybe Snorenz Nighttime will start to be picked up but regardless we know where this tops out if Nick did a perfect job. How? Because this product was sold in Walmart and Walgreens etc before, -until the market and sales started slipping. The best year MDIN made 3 million so its safe to assume that's the best Nick can do. the Lactose hype has been dropped and face it, the MMJ spray bottle is not going to do much for sales.
Pink Sheet stocks go up when there is unabashed enthusiasm for the potential of small companies ro make a big dent in a market-the story for MDIN is pretty boring with one snoring product and upside is really limited. Even at 3 million in sales the PPS, with 1.2 billion shares isn't going over .0025 or.003. And, nick is talking months before the trial period for instore sales is completed. So without news coming for months (if at all) and the share count at over a billion, the PPS looks like it might go dow another 1/3 to 1/2. This ni not a time to buy.
No one knows what's going to happen. But I believe the price has a little momentum and will go up. Then again I may get hit by a truck. Or, you may get hit by a truck. Time will tell.
These prices are high! Two weeks from now we will see 5's and 6's, maybe 4's. 7 is like paying full price at Neiman Marcus.
I love the smell of falling share prices in the morning.
An investment at these prices is not worth the risk. Maybe 5, probably 4, definitely 3 but not 6,7,or 8. Glad the longs are happy.
Just guessing the symbol, thanks.
Riiight. And the money paid to get REGN to be approved by SEC is all a scam, and the highly respected scientists on the team were duped into this elaborate scheme, and the FDA manhours spent on the IND are the result of their being duped, and the 60 million shares KOOs paid for BMSN common stock is all a ploy. Riight
If there were any deferred revenues they would be required to be footnoted under FASB regulations. There are no notes on the balance sheet so there are NO deferred revenues. costs, or profits. I just don't believe that Nick made up those numbers out of thi. Air. I believe they were contingent (unit price/quqntity discount) contracts for certain quantities of product IF that product was ready to be ordered by the BB stores Nick THOUGHT were going to be buyers. They did not buy. Product never manufactured or shipped. No product in warehouses. No basis for legal action. No notes required on Balance Sheet.
Better buy now. I doubt you'll see those prices. If news comes out mid June or earlier the PPS may drift down over the next few weeks but not below 25 IMHO and then off to Nickel land and higher.
Article in the Washington Post noted that the average Price to Revenue is 1.7X. At 90,000 per quarter that puts the value of MDIN at .0005. The average Price to Earnings is 17X. That puts the value at less than .0002. The share price is headed between those numbers unless something dramatically changes that investors believe.
Does not pass the smell test. Nick claimed 13 million in Revenue all or most of it this mysterious Walmart inventory. Walmart hasn't paid him or returned it. He hasn't paid his manufacturer. And yet no one has been sued ? That now reminds me that at one point Nick claimed he HAD been paid and the money was just sitting in accounts that could not be recognized under FASB accounting rules. That's why you believed that MDIN should have had 1 million in cash at LEAST in December. 13 million dollars of product shipped that know one has ever seen. If paid for, millions in bank accounts that can't be verified or even included as a note on the Balance Sheet. Manufacture never been paid for the millions in product but happily making more product.
Sounds like a fantasy that the men in white coats might be able to help you with. Get Ready
What does that mean? There is no end of the rainbow. How about an expected response from the FDA about June 9th. Expect full FDA approval.
What does that mean? There is no end of the rainbow. How about an expected response from the FDA about June 9th. Expect full FDA approval.
Ok, lets say MDIN Snorenz is rolled out into 8500 stores. And lets say another company WANTS to buy this great company because of its access. Now Snorenz used to be in Walmart, Walgreens etc and in their best year they made three million in sales. How much would a company pay to buy MDIN?. Does anyone believe it would be much more than 1X sales?. How much does Nick and Ray get-remember Nick is working for no salary. With 1.2 billion in float what does anyone think the MAX PPS is under this scenario? Sounds like its less than .003 to me. Is that your great upside. And, if you believe it's more like the 5 cents folks have been touting explain why any intelligent company would pay 60 million dollars for MDIN.
I believe the 10q says 90000. Over 3 mos that's 1000 per calandra day. At a valuation of 1X sales that's 365000 or .0003 for 1.2 billion shares.
Just rediculous. The 10Q was just fine and the FDA is on the verge of final approval. 30 days from May 9th or sooner the FDA will approve based on the clarification provided. FDA has spent 1000's of man hours on this and now are as invested as anyone on taking the next step. When that happens the PPS will soar and I'm convinced the timing of the IPO is related to the the timing of FDA approval as is the submission of the NEXT IND Application. I like your prediction though as it seems your predictions generally turn out to be the opposite if what actually happens. GLTA.
7'a on deck. Do I hear 6's soon?
Hmm. That is an opinion not shared by the many intelligent supporters of this gem. When the full FDA approval is granted about 30 days from now a dime is going to see cheap.
Mr KOOS fulfilled his fiduciary responsibility and let us know of a material event. The news is GREAT. One clarification and we get full FDA approval within 30 days. The FDA is a fully invested participant now. They have exhaustedly spent 1000's of man hours over the past year evaluating and directing BMSN on what is needed for approval. This last seemingly CYA detail is proof of their commitment to approve. Like the SEC process to get REGN shares approved Koos has had to go through a tedious learning process to get through a large labyrinth of a Govt agency and like the approval he got from the SEC he's on the verge of getting FDA approval. The PPS will move up over the next few weeks in anticipation and when the FDA approval is granted in full-Boom. The PPS hits multi pennies or more. Coupled with the imminent IPO this thing is going to Mars. I mean TO DA MOONS DEMOS and PHOEBUS (as I recall from studying the planets 40 years ago.)
Please don't get angry goat but my prediction yesterday looks pretty good today. Oh, and to stock chaser we all are entitled to our own opinion; and with that said Stockchaser KMA.
You may be right but next up on the MDIN agenda is the Q. Should be this week. I don't expect anything good. Sans news and a frustrating quarterly and the decline will continue.
Wow. I think I might never want to cut you off in traffic.
I'm predicting next 30 days REGN goes live.
Won't sell. Have 55 million shares and 417000 shares of Regn. Just want news so I can buy that boat. Sold 6 million at about .005 with the idea of picking up more if it did what it has done.
And though the trend is downward the volume is up w/o dilution. Someone is accumulating and in an obviously manipulated way.
Agreed. And it's happened before (AMB:). Hot sector, FDA approval coupled with REGN trading start date and or submission of new application and the sky's the limit. Any one of those three will change the direction up and at least back above .005. All three and multi pennies will happen.