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You should do some more research...audit is my career so let me just bring you up to speed. Going concern is updated through the date the financials are issued, the debt default and issues around going concern are current through December 2019 when the financials were released. It doesn’t matter that the financial statements only go through 2018...these are real problems right now. Don’t believe me, call up an audit firm and ask them. You guys need to realize the bad news in the audit report is very current.
Good one, they won’t be buying anything...I believe you missed the part about them defaulting on their debt and issuing a current going concern. There is no excuse to not have immediately released the quarterly financials for 2019 as well. They are in way deep and just struggling to make one day at a time right now.
The only way they survive at this point is by screwing sucker shareholders, issuing worthless diluted shares to people that didn’t carefully read the train wreck of a 10-k. This management team is inept and corrupt, they could not manage a lemonade stand.
Definitely going to zero, the K was very ugly. They don’t have $ and cannot pay debt...the loss is growing at a significantly faster clip than the minimal sales gains. What a train wreck, dumped all of my shares when I read the K.
2 weeks have passed since the filing of the K, no explanation and very unreasonable that the Q’s have not been filed. They are going to be very ugly as well.
Did you read it? And did you read the 10-k? Get out now, while you can still grab your 20 cents...they’ve defaulted on debt and are a true going concern. The going concern is as of the 10-k filing date, not the 2018 year end...read the regs, that’s how it works.
There is not 1 ounce of good going on here, and he’s going to string you along again.
The filing of the 10-k just has allowed that piece of sh!t to start lying and stealing again. Run!
So he’s got spare time on his hands to be randomly searching people on social media, but cannot issue a statement to shareholders. Probably up to something shady or cowardly, seems to be what he’s good at. Maybe trying to determine the people who’ll be sending his a$s to prison.
Another deadline here and gone with nothing to show. No bs press release, no financials, these guys are aholes, they don’t give a sh!t and they’re rubbing everyone’s faces in it and laughing. It probably is about time for the law suits to start flying...please no more excuses for them.
My investor link works fine, but I agree something odd is going on with the website. It’s back to the same tired site now, but a few days ago it was taking me to an entirely different site, still Medtainer but updated and significantly different.
Do you never tire of waiting on these clowns, you must have a breaking point? The shares are cheap every day btw, and only going to get cheaper.
I know they cannot provide anything meaningful, just want some context around the comments on the auditors. Anyway, to me it looks like the website has some changes...not sure if this is new or reverted to some sh!tty old version because it’s awful.
I agree and thanks Steph_ATK. Can you add to your comment about the auditors? Have you contacted them and they gave you reason for further doubt? Or are you just saying they are not quality auditors?
Any update from the auditor? Looks like their definition of very soon is about the same as MDTR management.
Could the leaders of this POS be any more silent...complete negligence. They fit the very definition of cowards, unable and unwilling to address something difficult.
Still with the excuses for these criminals, get a clue. Pathetic, that’s why they just take your money.
Really, come on man, these are only going to zero unless they release some financials now. Unfortunately nothing can be said any longer, all trust and credibility is lost. All exec level at this pos are mother f-ing liars.
Good one! I don’t think any metrics, charting etc. apply to corruptly managed penny stock companies. If you end up correct it will have been pure luck.
Well if that can be proven, it’s a good way to find themselves in legal trouble.
I’m past the point of thinking they have any intention of filing any of their delinquent financials. I’m guessing most people are with me in assuming the worst but still holding out hope.
The lack of leadership and communication is surely a sign of them not caring about anything besides themselves. Bunch of losers, which is also what we will all be when we sell this pos.
Perfectly said, and I’m in agreement with you.
I felt the need to address those that make statements to move on and sell if you don’t like it, which is a completely ridiculous reaction. We all have a right to be upset with the way this has been handled, and yes it is especially frustrating if you do believe what’s been stated in the PR’s.
It appears you fail to understand basic financial principles. I prefer for people to do their job as they are expected to, so that I don’t have to sell at a loss. Selling and not dealing with these idiots is giving up on something that should have been an easy win. I do believe in the product and the company, despite the fact that I think management is beyond poor. It’s on them for any of us giving up and taking a loss and all of you should demand more of them and not make excuses for them. Demand a certain level of competence.
I’m not a whiner as the grammatically challenged Whiskey tries to indicate, I simply have standards and basic expectations of people. If you’re in a position of being responsible for a publicly traded company, and correspondingly other people’s money then be up for the task and if you made a mistake then own it and communicate.
All of you allow for this current situation by being accepting of it. 4+ months of this and you’re ok with it, come on.
What a joke, not even the idiots running this place can be so clueless so as not to mention the very delinquent financials. Just a slap in the face and they know it. Let’s issue some meaningless info and specifically draw attention to the fact that we’re ignoring our shareholders and bathing in their now valueless money. Seriously, at the point of being disrespectful now.
Ok let’s say I buy it the way it’s being spun...I still have a very difficult time understanding the lack of communication by management given they know we are all anxiously awaiting info. How do you explain that and Jack just cutting off all communication?
Why? They have had plenty of time, financials & support should have been organized by the time the last auditor quit. This is pure shenanigans on their part, only reasonable explanation for this is that it’s intentional. They would otherwise offer an explanation. If/when it’s discovered as intentional they better be ready for all the legal battles coming their way.
I wish I shared your blind optimism. I really do hope you’re right...but so many telling signs of caution and inept management. Seriously though, at what point do you finally get fed up? If the 15th and 22nd come and go with no 10k and now 2 delinquent Q’s does that finally push you over the edge? You have to have a date in mind where you can no longer ignore the bs. People will be bailing in bulk between now and 15th with no K.
That complete horse’s as$ Jack better not make the mistake of assuming he can use the extra 5 days from filing an NT-10Q. The damage will be swift and painful if they don’t get some of the filings in be the 15th.
You all have way too much confidence in a company whose management cannot display the slightest signs of competence. It’s likely this filing will never happen, or be terrible...if it is good or anytime soon, these have to be the laziest mother F’ers ever to live. They would/should be putting out occasional PR or at least attempting to string us along if there is any hope.
Pathetic, inept management at a minimum...criminal is more likely or they would provide updates. They are afraid of the ramifications of misleading us.
What they aren’t smart enough to realize is that it doesn’t matter what they say now...the letter to shareholders from back in October is all anyone needs as evidence of the deceitful message they consistently delivered. Bunch of clowns.
I’ll take that as a no...they shut him up to limit exposure & evidence when lawsuits & charges start.
Definitely wait for sub-penny...this thing is going to zero quickly without info.
I hate to say it but you’re right this is a scam company. Total silence from them as the stock goes to zero, probably intentional. If only you’re approach wasn’t so irritating and over the top, more people would have listened.
Has anyone received a call back or email response from that POS Jack Rein lately?
It would go a long way, but that’s asking for a miracle...this management is a complete joke. Zero confidence, zero credibility, and misleading us all along the way.
It’s mostly boiler plate I agree, but there are wording differences. The auditor going concern guidance was updated for 2018...we should have paid more attention to the 8k back in October and maybe could have seen this debacle coming.
Is everyone else skipping over the part that says the auditor was uncertain of MDTR ability to continue as a going concern? That is likely the source of disagreement. It’s a new requirement this year for auditors to assess going concern and has caused many issues.
It sounds alarming and I’m sure MDTR would take issue with it if they’re doing anywhere near the business they have led us to believe.
Auditors will reach this position after continuous periods of net losses...especially if accumulating debt and no clear path to immediate funding in the form of a significant LOC.
You’re right, it’s 4 business days to file the 8-k...if the auditor change was Friday we could be within the 4 business days yet technically. Who knows when they actually resigned or were fired though. Friday is the latest it could have been based on the email that was posted from Jack.
The 14 days I was thinking of is how long MDTR has to make the auditors statement public if indeed they did resign. They could also file for a court order blocking the release of the statement if it was a resignation...again within 14 days.
I believe an 8-k has to be filed within 2 weeks of the audit change. We could be waiting a while.
Right, but the more recent email you received that was more vague...did that say anything about the audit?
Did the most recent email mention the auditors/audit situation at all?
You do not have to change audit companies. It is the lead audit partner of the audit firm that has to change periodically, not the audit firm itself.
That would not be surprising to me either, but wondering your thoughts behind your comment. Or just speculation?
I want what you want but I’m unsure how you can argue that the lack of filing and lack of communication is anything but unprofessional, displays a complete lack of concern for the shareholders, and is detrimental to any potential run up that could occur. Lack of trust from your shareholders is not a good thing and that’s exactly what they have created.