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I hope that turns into NET and not gross. :-P They were already at $2.21M gross on/at Dec 2017 for the year and have yet to pull a NET.
What I have not seen yet is a filing to uplist with the new, post-R/S structure...
Assuming it is...After the R/S the SP (based on Friday) would be $1.15/shr, market cap stays the same. If it is uplisted, and the pool of investors it's exposed to is increased, then it's not out of the question to see $500M-700M market caps; which even with the 100M share structure taken into account that's still $5-7/shr; so there is hope there. Need the uplisting though.
Agree again! And what I saw was that those companies revenue is what separated them from the herd. Having a ton of revenue has a way of just lifting any company up by the bootstraps in huge amounts and supporting it.
Now if that's the case here and Medtainer is about to release massive revenue numbers and clear, NET profits, then you are correct and my skepticism is unwarranted. It'll be good to be wrong. But if they don't have those (revs and NET profit), then things aren't looking good for the future setup that they have laid out now. I guess we'll find out soon when they post the 10-K.
Of course, imo.
Karlstier- Absolutely! I agree with your comment "...have significantly more shares Authorized than Issued". But the difference is those companies have the self discipline to never approach or max out the A/S, unlike what Medtainer has done here.
When A/S is reached the company has limited tools like voting to raise A/S again (looks bad), do a R/S (CAN be good if proportional; not being done here, this is an out of proportion A/S reverse), share buyback (yeahhhh, nope), and similar. The 'good' companies keep issuances to a minimum basically.
Here, Medtainer has managed to get to or within spitting distance of 6Billion shares being used! They realize the handwriting is on the wall and they'll run out soon which ties their hands. So how to add another equivalent of 4Billion shares without too many noticing and the share price dropping like a rock? I know, let's do an R/S and call it a "reduction" of A/S while really adding more shares available to sell afterwards. It effectively stalls the running out of shares and continues being able to profit off shareholders until it hits 100M shares issued post-R/S. Watch for the post-RS price to be controlled and 'tamped down' with this reserve of shortable shares too after uplisting (imo).
I agree completely that if this had been a straight 1:100 and left 60M A/S this move would have been good, much needed, and overdue business move (I've made previous posts about this even). But having watched this since inception, I do NOT believe management will just magically stop issuing shares after the R/S. Flexibility in share structure is good-I agree. But the track record of now reaching 6B shares issued is a (bad) company management issue, not a standard company practice similar to F500/Nasdaq leaders. Even if they had done the R/S back when it was 5.1B it would've made for a better scenario; now it just looks...off/wrong/for the wrong reasons/etc.
My luck with lotto and these OTC "moon shots" hasn't been great in the past, but we'll watch how this plays out... Like I said, I would LOVE to be wrong with this one.
Seems so. One would hope that ol' Jack would get several phone calls this week (or visits) and get put on the hot seat as to WTF the company plans to do that would actually benefit the shareholders rather than create a 40% haircut of value right off the top.
Funny how they left that little tidbit about the R/S out of their news announcement...huh?
Link to filing:
https://www.otcmarkets.com/filing/html?id=13268714&guid=1QvtUWQErERpj8h
Also listed in news section of this board.
Unfortunately...no. That (6B to 60M) would've been the correct way to do it. Instead the company totally fudged this whole thing up and now has the appearance of nothing more than a share-selling mill. The statement on the filing (which can be viewed at otcmarkets.com) is, "After the Effective Time, the number of shares of common stock that the Registrant is authorized to issue will be reduced from 6,000,000,000 to 100,000,000."
Which is an overall share INCREASE in A/S ratio, not decrease! For those bad at math it means they effectively added 4 Billion to the current 6B Share Structure and then divided it by 100 with a reverse split to have the appearance of lowering it. After the split they have a "new" pool of 40 million shares to sell off at the higher post-split price; further driving it down and diluting to less worth. Everyone can guess what would happen to current share price if an additional 4B shares were dumped on the market in current structure. Share holders (like me) get screwed in the process.
So much for a real company...what a Fuqk@E$#@! shame this has become. I would LOVE to be wrong on this one, but I don't see it right now with what they just released; anyone else have it worked out? Buyout at $5 post split? Anyone? Bueller? Bueller?
Same ol' CDEL at it again diluting and preventing this stocks' potential from being reached...
Watch them on L2 and how they block/dump.
If MDTR doesn't spike to a dime (with current share structure) in 2019, there is something extremely and fundamentally wrong with OTC. For a company to do everything right and set itself apart from the POS scams by developing from scratch, "REAL SALES, REAL PRODUCTS, REAL ASSETS, REAL PROFITS, REAL ADDRESS" (and real, defendable IP property) and have scams with NONE of those go to a higher market cap is a travesty.
Looking forward to the hard numbers in the annual report to see where we sit. Sounds like another record year for 2018 and a perfect setup for another this year. imo
Gonzilee- From what I've seen down here it's usually a trigger order that "dumps" into bid to get filled completely. I feel your pain though. Too many stupid blank people that don't know how to create limit orders to hold the price high and allow it to continue to march upwards.
I disagree...NOT worthless. It's just not positives that come out it. A couple negatives can be gleaned from it if you know what to look for. Your observation of "can" being one, and "...and expects to sign-up their first dispensaries in the very near-term." can confirm that they don't have ANY dispensaries signed up yet.
News out. "DeliverySwift Technology to Assist with Cannabis Track and Trace Law Requirements."
http://www.globenewswire.com/news-release/2019/02/05/1710432/0/en/DeliverySwift-Technology-to-Assist-with-Cannabis-Track-and-Trace-Law-Requirements.html
+1. THIS. 1,000% this nails the current state of this stock in a nutshell. Market only accepts so much fluff before they demand results...
I would LOVE to see that! Stranger things have happened in the stock market for sure ...but... that would put the market cap at $1.2 Billion. Quite a stretch for a container company, even if they do have monster big contracts and an innovative product.
Yes. Use:
https://www.otcmarkets.com/stock/MDTR/disclosure
For reference, the last 3Q filings were:
11/17/2014
11/12/2015
11/18/2016
11/08/2017
Seems they bounce around somewhat.
While I don't think MDTR is a scam, it still leaves a lot to be desired.
If you want a real scam, reference back to the one you're stuck in. ON**
BINGO! Blatant manipulation with deep pockets of shares too.
In answer, yes. According to their own filings (10-k, 31 Dec 2017), Douglas Heldoorn is the majority shareholder of the two officers comprising of the security ownership by management...aka restricted shares as often talked about on this board. Doug 36.8% to Curtis 34.7% (at that time). Stands to reason that if Curtis sold some, he reduced his stake and changed the ratio even further.
Fun fact of the day. Officers could sell 583,479,974 more restricted shares within O/S and still retain 51% controlling interest in the company.
IMO this goes back to my comments of years past where it would've been a great benefit for the company as a whole (big picture) to retire all the shares above 5B, retire or cash out a portion of the restricted shares and drop the A/S share structure to more reasonable levels (4.5B-5B?)... (which is still too high for most investors to stomach) PPS would've been much higher now as a result.
Yikes! He's not selling at 244, NITE's selling at 144!
Maybe someone's share lock or trigger order?
Bottom of page 30, titled "Security Ownership of Management" of the 10-K if you want to see it for yourself. Form 144's can be viewed with SEC for the blocks sold. Just FYI.
My concern is more toward adding to the O/S rather than owners selling small chunks of what's already within the O/S. Adding blunts momentum and suppresses, lowering PPS potential. If shares are removed then momentum can fly and there are less restrictions to suppress, thus PPS swings increase.
That's correct. 2017 ended with 3,733,000,000 in restricted to be exact. If you follow the 144's Curtis has sold 2 blocks which leaves 3,643,479,974...which is 60.7% of 6B A/S controlling interest.
FYI, the 2 blocks sold were 34,520,026 (6/19) and 55,000,000 (9/20).
But those are still captured as part of the O/S and aren't added to the O/S pool like when dilution occurs.
Oh, I know. I'm VERY familiar with this and been here since Dec 2015.
I'm just saying their options are thinning and there are doors closing if they don't support the shareholders also. How do they show support? PPS primarily, demonstrable profits, being debt-free, buy-back and retirement of a bloated share structure (NOT issuing 6B shares!), etc. Issuing shares into an already bloated structure that has quite frankly scared away new investors already is probably the wrong direction rather than the right one (if anything was used other than IP purchasing).
Put another way, if they max A/S and they want to buy the next, newest CBD health outlet (just an example) where are they going to go if there's no more shares to sell? Things can go ugly fast then... (ie. toxic loans, more debt, selling restricted shares, etc)
From what I can see it looks like they're diluting...horribly.
2017-2018 they added 97,376,476 shares to O/S, from just Mar 18 to Jun 18 they added 263,125,164 shares to O/S. Last report shows 5,524,636,434 shares which only leaves 475,363,566 for them to MAX out their A/S of 6,000,000,000 (billion!) shares.
Real companies at this stage would be staying away from maxing A/S, avoiding R/S's like the plague, reducing/removing debt, and proving profitability without the issuance of shares to avoid looking like nothing more than a share selling mill.
I'd love to be wrong on this, but this needs to rock soon or get dumped.
Might want to ask how many shares it took to suppress the ramp-up and prevent PPS from getting to $.05+
Grrrr.
Looks like even the pumpers gave up. And if news isn't rocking the boat, that's a flag that people aren't buying fluff or emotion anymore...the only thing that'll move this PPS is hard numbers. Proof is in the pudding; let's see what they put out.
Meh, simply changed accounting/audit firms. (amicably and no adverse)
I agree. If it goes to bullish trend it may fit that the ramp up to earnings actually started on the 1st of Oct, and that's a good sign for a slow, steady climb. But it may also mean that hopes for a sharp spike up reduces too... pros/cons either way.
So which is it? You're so confused. $1/share and the next $5.5B company or a subpenny and delisting scam?
Why are you even still here? ...and where are the mods?
Hopefully we'll begin to see MDTR ramp up as we approach earnings anticipation. I don't know if it'll be today, the 1st, or after the numbers drop, but the sooner it shows, the better the sign of things and the state of the company (imo). If the quarter shows the 100,000+ containers order and tripled sales from last year (stated in the PR) it should be a pretty nice bump up as market cap revalues to reflect revenue stream(s).
Let it run and see what the market puts it at!
Lighter side-"Someone" here is saying this is the next $5.5 Billion company with PPS of $1.00... LOL! I don't believe that for a second (without an R/S), but hey, I would LOVE to be wrong and see that happen! O.O!!!
Popcorn ready...
Ugh, scrolled all the way thru Oct posts and I didn't see where he even mentioned MDTR. Somebody should've introduced him to this ticker...
I certainly don't mean to sound down on this stock, because it might be a non-issue... but if they went over 5.5B O/S rather than lowering O/S (ie. through a buyback and retire approach), even the most ardent Medtainerite like me will be re-evaluating whether or not it's worth it to hold any amount of shares at all until the last of the 6B has been issued. This will crash hard (worst-case) or just tread water (best-case) in Nov, instead of soar like we want it to in spite of all the great news and/or pumps, if they released another 100M+ shares.
Not bashing, just a realist looking at what happens to PPS if shares are dumped into the market with any stock. I await the unveiling of "the plan" to determine my next move here...
All IMO.
I agree, for all those reasons ...as long as...
they didn't slit their own throats by releasing millions of shares and approach the 6B A/S. (which will continue to suppress the price)
I think that will define whether this is a legit company trying to make it or a share selling machine.
They'll need to roll all the increased sales back into the company and be debt-free to show a profit soon or lose it all.
I just want the fins to come out (Nov) to read what they've done to the O/S. This last spike was dampened way too much to NOT have them selling into the market imo. CDEL led the way with big blocks and walls at every chance. If they were using fresh shares it would explain why record volume didn't equal record prices... It would also push us that much closer to an R/S being required.
Long term might still look good, but there's still hurdles to clear if they're to have a hope.
Ugh, CDEL (Citadel Securities) never ceases to disappoint on this stock...
Buwhahaha! Aren't you the one (repeatedly) saying MDTR was going to $1/share? Lost all credibility at that point. Now you're here pumping ONOV trying to get people to pump a zero volume stock that you posted, "THESE PEOPLE SCAMMED YOU HARD..I UNDERSTAND YOUR BROKE NOW, BUT I WARNED YOU a YEAR AGO..." yesterday and "NO NEWS-NO SALES -JUST SCAM ARTISTS" on the 12th?
Go fish elsewhere, this gathering is for legitimate traders.
What we saw with the record-setting volume was probably a special interest, big player taking a stake here and prepositioning for what's to come. If so, buckle up for one heck of a ride. There will be a lot more to come as evidenced by the following news drawing in more as it becomes mainstream. This is only the ground floor...imo
https://www.foxnews.com/politics/john-boehner-to-host-marijuana-investing-seminar
Agree, held up nicely, but not seeing the bid chasing I was hoping for. Bid support is weaker today. Either movers are waiting to pounce or no one wants to sell/buy and is just hibernating while waiting for news/financials...
IMO