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I just took a look at my investment account.....the only thing I could say, after being in MYFS/MDFY/PTEL for more than 2 years, was "Holy F*cking $hit.
How about a shout out to JB, Ian, Nik, David, Philip!
There's still plenty of work to be done re: marketing/distribution of the adult content, as well as completion of the 15c211, settling the EMIS problem, rolling out MedifyRemote and SystemOne, but we are a decidely more pleasant bunch when we have smiles on our faces over the increasing market cap and pps growth.
I'm pumped!!!!
I would think that it is too early to tell.
The Medify side would, right now, probably bring down the value.....by Q3, i would think that would have changed significantly, presuming the 15c211 gets done. Also, there should be more rollouts with TPP and SystemOne, with REAL revenues coming in and, hopefully, EMIS will get its head out of its (pearly) a$$ and let MedifyRemote get up and flying.
Then, there will be two independent revenue streams with great upside potential. Plus, the adult side would be that much closer to meeting or exceeding its '07 projections, which would certainly increase the overall value, since all of the revenue streams would be on the upswing, as opposed to other more established companies where growth is slower.
Tjak:
Where's JB? Tell him that many of us have smiles on our faces! He should, too!
I contacted Bloomfield last week: Here is the response:
Technical issues with the Level II
Bloomfield Investment Club is experiencing technical difficulties with our Level II feed from Quote Media. We can assure you that we are working diligently with our provider to find a solution to this issue. Please bare with us will we work to bring you an even better website with even more features.
Thanks in advance for you patience
Bloomfield Investment Club
I'd like to be able to "bare" with them, but I don't know what they look like!
Anyway, I've been checking their L2 daily.....nothing.
My wife would quit her job, as we'd have her annual income in PTEL stock!
I knew I could count on someone to go there with (Paris) Hilton
Guess that's why XOM is up only $0.36, while Norfolk Southern Railway is up $1.02!
Lem and Tjak: thanks.
This may be a stupid question, but I'll ask anyway.
I was looking at an L2 on Microcap Feed; it showed VFIN on the ask at .105 for 100; the rest of the asks are at .135, .14, .145, .15, .16, and .20. The size on all are 100, except for UBSS at .15 for 1.
On the bid side, there are 2 MMs at .13, 2 at .10, 1 at .095 and 1 at .080.
Q: why is VFIN still showing on the ask at .105, when all of the buys are going higher than that?
I've learned a LOT about trading pinks in the last year or so....have a little $$ tied up in BHUB....I was warned to get out, and eventually I will, although I think I'm in better shape there than those in BCIT, but the price of admission there was well worth the lessons I learned.
Actually, I figure that my tuition in pinkie land has been relatively inexpensive. I'm in a few stocks that have real products and real revenues, like SLON, but I think that is a long term play. I've also learned that, for now at least, I'm not ready to play bounces. I thought about getting in FCCN, but I think that, even tho it is pretty cheap, pps wise, I think there is still too far to go with further dilution, and with the same $$, I'd rather spend it here.
I did average down, my stomach churning at times when the pps was dropping to .02, but my head was saying this (MDFY) was a good place to be, so I put more in. I know many have a lot more $$ invested here than me, but I think we all will recoup our investments and be in the black.
I first bought in right before the forward split....I first looked at MYFS, as it was then known, from a Bellwether promotion. (Silly me!)
But, I liked the idea, and had seen a domestic (US) company that seems to do much the same thing, Allscripts Healthcare (MDRX), doing well - it trades now at around $23. So I bought in, got the forward 4:1 split, watched in horror as my huge investment of 6000 shares get zapped to 500 through the 1:12 r/s, then later the 25% dividend....I know I've been in for 2+ years.
I'd prefer slow and steady growth, rather than the Bellwether pump and the dump that followed. I felt like a fool for investing....although I don't feel so stupid because I'm in the black. I'd love to see this double the $4, and I think that, once the MDFY side gets going, that it can bring in a ton of revenues, too. I'm optimistic, in any event.
Clancy:
I think that is a point well taken. Perhaps Tjak can put that to JB (I miss his appearances here, even though they have been through Tjak only - JB, come back!) or to David or Philip or Ian.
I think you greatly underestimate how prudish we Americans can be.
Besides, Medify already has contracts and partnerships with Vodaphone, TPP, CSC, EMIS (although they are, IMO, shooting themselves in the foot because of their continual delays)....
It seems to me that PTEL has two very viable divisions; unfortunately, one produces revenue while the other does not. However, because there is an actual revenue stream, then the Medify division can be self funded, rather than relying on an endless stream of 504s and constant shareholder dilution.
Maybe I'm optimistic because I lowered my pps to the point where I actually am in the black, now, but I got into this because of what I thought was a great, promising service and product. I think that that goal is closer to being realized, perhaps within the next 2 quarters, and becoming a second revenue stream.
I also think shareholder demand, especially from those longs who have actually been involved with helping troubleshoot (no, I'm not including myself....while I have floated ideas, so have many others, including some who have actively sought information and answers beneficial to the company) that that division will not be left on the vine to wither and die.
I'm sure you are correct. I had done some research several weeks ago and found something where Ian and either Morton or Evens were involved in a Kawasaki motorcycle race/promotion....the upshot is that they have known each other a while.
Plus, no deal like this is going to be accomplished in a couple of weeks, because of due diligence, financials review, etc. Good catch on the hosting!
Good advice....point well taken.
GL4M:
When I first started looking around at different stocks thru ihub, and read about folks averaging down, I was kind of puzzled. But, I figured it out.....despite my initial Bellwether-related buys here, and averaged down to under 5 cents a share!
I have to admit that some of my purchases were with great trepidation, but.....the overall business picture has changed, there are real revenues and real product, which, for a pink, is the exception, and with the building PR interest, I'm very encouraged at the long-term prospects.
unless he/she is an ob/gyn and is looking for a crotch shot!!
Is that how much you have in this, MCA?
Wow.
No MMs listed so far this morning on Bloomfield's L2.
It's 7:43 a.m., EDT.
MDFY acquired Petel, Inc., a private company, in a stock only transaction, the company name was changed to Petel, Inc. and the symbol changed to PTEL. The number of shares you held immediately before the deal was closed remains the same, only the symbol and value has changed.
Petel, Inc. has 2 divisions, the Medify-related group (MedifyRemote, SystemOne partnership w/ TPP) and an adult side.
Read the ibox, follow the links, and, if you are so inclined, sit back and enjoy the ride!!!
Welcome Back!
$10+ would work great for me......pays for college for my kids WHEREVER they want to go.
I guess the biggest Q for me now is whether or not to acquire more than I have.......I guess I'm looking at short term cap gains right now, at least for the most part. I'd rather pocket the $$ than give it to Uncle Sam.
Of course. my dream would be a run to over ten, then a 2:1 or 3:1 forward split, then another run past $10. Anyone else interested in that scenario? Of course, that's a dream......dreams can come true, can't they?
Slow but steady day. Interesting.....I think today was the first time I almost doubled the value of a stock purchase in 1 day, albeit a small purchase. The HOD was .08!
On Monday I bought 25k at .0375.....today's close is .06.
Not a bad start.
You are forgetting the Petel has real live revenues coming in, not 504 financing.
And actually, as I am understanding Petel's distribution mechanism, both companies mat actually be using the same hardware and similar software to accomplish the same thing; distribution of information. The biggest difference that I see, aside from different content, is that Medify takes the additional step of being read/write, whereas Petel is read-only.
But, think about it. If the adult side becomes read/write, that's a whole new content-producing revenue stream!
At any rate, I'm looking at the pps rising. No, it's not at .19 or .20 (I'll have a profit there), but it's not at .02, either!
My Bank of America lists most of my shares now as PTEL with the cost the total of what I have paid for ALL of my shares, which is interesting, because it has the 25k I bought last week as MDFY and no cost basis.
All in all, it's showing me losing money today over yesterday, when PTEL has gone up!
Solid:
It's not an IPO. You know that.
Edit: You also know that simply changing the symbol have nothing to do with changing share structure or distribution. All it means, no more and no less, is that the name of the company was changed. File a name change amendment to the Articles of Incorporation in Delaware, notify the SEC and get a new symbol. Really, it's not that big a deal, in and of itself.
The structure is Ptel w/ 2 divisions, the adult side and the Medify side. The adult side produces revenues, Medify does not, yet.
I still think it will, and now can finally be fully developed and financed properly. I thought when I first got here that Medify was a great product and had tremendous potential. I still do. And, while I may be drinking koolaid, I've always liked koolaid, even as a kid, and now as an adult.
Btw, how much time did you spend on DD when you first came into Medify? What are new investors supposed to do? And, for good measure, how many adult businesses have you invested your money in?
I displayed my frustrations yesterday about what I perceived to be a lack of PR....several people chided me about expecting too much on day one. After thinking about it, while also doing additional research, I think they were right....that I was jumping the gun.
What I do see now, is bid/ask figures that are rising. It may not be a meteoric rise right now, but as for me, I'd rather see a sustained and continual rise rather than a roller-coaster chart.
If nothing else, it makes it easier to explain to my wife when I'm visiting an adult site....honey, REALLY, I'm doing some due diligence research. She'll give me a rash of crap, until I then show her the bottom line of the investment account. Then I'll be a frickin' genius!
Bids from Nite, UBSS and SBSH all at .05
Asks at .06, .50 and 5.02 from Hill, Nite and UBSS respectively.
Good News! Good Press!
OT:
Are you going to ask PTEL to market your cast of body parts? I don't even want to pursue that!
Seriously, hope you're okay, and whatever is broke heals quickly.
Mike:
See my post 20944.
I'm disappointed in the lack of a preview, to us shareholders, of a marketing plan. Not something comprehensive, but come on, even you have to admit the volume is so paltry, that the .05 can easily be knocked down to sub .04 with a 100 share sale at .03875. I'd do it to prove my point, but the transaction fees make that cost-prohibitive, and I learned long age not to cut off my nose to spite my face. (Are you reading this, mom?)
I like the .05 pps. I'd like a .10 pps more. I could even tell my wife about it at that level, cause it would offset my Redhat loss. I just see so much potential. I've also been patient, like so many others, and know that waiting a few more days will be worthwhile. Besides, I had some nice productive exchanges with Nik over the weekend, and I have, I think, been generally positive throughout the past 2 years.
I like to know the answers to questions before they are publicly asked. Force of habit from my job.....!
Edit: Mike, I'll continue being patient here, enjoying the witty reparte.
I third that......
I had already asked Nik that in an email over the weekend,
"Nik:
How do you expect the acquired company's revenues to immediately
translate into a pps increase for MDFY? In other words, how would this
be publicized to generate shareholder interest to drive the pps
forward?"
and earlier today I asked Tjak to forward a request for that same info to JB, Ian, Nik, Philip and David:
Tjak/Mike:
Now that the acquisition has become effective, do we have ANY idea where the news has been released?
Can you ask Nik/JB/Ian/David/Philip when and where the news is to be released? I am presuming there is a comprehensive marketing plan for news dissemination, but we are sitting at a volume of 42,000 shares traded in the first hour, with only 3 MMs on the bid/ask.
We won't get any traction with that kind of interest. IMO
So far, there has been NO response to that inquiry.
The reply I got from Nik over the weekend avoided answering my question. Nik's reply to my question quoted above:
Pick
Many thanks for your response.
There is a limited opportunity to invest in the sector that the new company operates in, therefore we expect the company to be of interest to new investors.
Additionally, a company with existing revenue and strong, realistic forecasts will obviously be able to deliver more benefit to shareholders than a company with no income.
Regards
Nik
Nik Ellwood
Head of Sales and Marketing
Medify Solutions Limited
Email: nellwood@medifysolutions.com
Web: www.medifysolutions.com
I can understand the reluctance to provide specifics marketing strategies on a (quasi-)public forum, but I would think that on the effective date of the transaction, a marketing/media info blitz would commence.
I am tremendously disappointed by the apparent lack of public notice. Perhaps something is planned for later in the week.
The least Nik could do would be to give us a heads-up on what to expect.....
Volume: 92.28 k Last Trade: 1:40
The above was taken at 2:23 p.m. EDT today. That's a sad volume total. Really disappointing....................
Well, my broker now is in the process of converting MDFY to PTEL. They both show up, but the column descriptions regarding basis, current price, etc. clearly indicate the transition from MDFY to PTEL.
One unfortunate side benefit: at the moment, my account balance includes BOTH MDFY and PTEL!! Now, if I could only sell MDFY while at the same time keeping PTEL, I'd be happy!!
But===> there is virtually no trading...72k shares, the bid is DOMS at .02 and the ask is .05 by UBSS.
Not much demand either way. I wish our politicians could keep a secret so well.....
So, what's the story behind the new moniker?
Tjak/Mike:
Now that the acquisition has become effective, do we have ANY idea where the news has been released?
Can you ask Nik/JB/Ian/David/Philip when and where the news is to be released? I am presuming there is a comprehensive marketing plan for news dissemination, but we are sitting at a volume of 42,000 shares traded in the first hour, with only 3 MMs on the bid/ask.
We won't get any traction with that kind of interest. IMO
My Bank of America account shows"
58470P202
MEDIFY SOLUTIONS LTD COM NEW
No currant price, no mkt value...shows yesterday's close at .038 and how much $$ I've dumped in it, as well as my # of shares.
Tjak:
Which site? Can you put it in the ibox?
Bloomfield's L2 for PTEL shows an opening ask of .11 from VFIN. So far, VFIN is the only MM listed. No one there on the bid.
I hope this is a good sign for things to come!!
Slightly OT:
What is the 30 day rule about selling a stock and then buying back your position?
I've never been a day trader/flipper, and have always held a long-term position, but if MDFY/PTEL starts rising and then falling back a little, I woud want to know the tax consequences.
TIA.
The sun will rise, and you'll have to pay more taxes at the end of the day than when you woke up.
Mike or Tjak:
Is there some way to redirect the MDFY board to ptel?
I just checked using the PTEL symbol, 'cause the board had been down for maintenance, and I figured I'd see if PTEL had anything. I was shocked to see it had over 20,000 posts, until I started reading them, and founbd it to be MDFY.
Also, is Yahoo or TraderNation or Stockwatch or MSBNC financial services getting notified of the announcement tomorrow?
Thank you very much.
Back up your hard drive immediately. It could be that the cooling fan stopped working, causing the temp to spike, causing the crash. Or, it could be any number of other things. But, save your data.