I have receive answers from Jonathan and Permission to Post. I am very pleased he has taken the time to answer my questions. I will post with my questions first and his answers in" ". Sorry for the long POST.
"Bill,
Thanks for your e-mail and I will try to answer them."
1. Why the announcement and need for Buy Back! What goal was being accomplished?
"The buy back was to offset the huge selling that is and has been going on. It was also to attempt to stabilise the share price. However my pockets aren't as deep as the number of shares that were sold, the share holders didn't follow or support me and thus all I did was put money in the hands of the people who turn over the stock continually. Had we had the support, the share price would have climbed."
2.Why the reversal was done so quickly without giving the investors time to decide their new path since we were thrown such a curve? Who is on the board of Medify Solutions Limited and approved the 12-1 reversal. less than 45 minutes were given with the stock market closing.
"The reverse was done quickly in an attempt to lock out a lot of sellers so that when they returned the pps would be supported. However, someone on the blogs let the cat out of the bag and the pps fell in an hour or so by 50%."
3.After the reversal and buy back are the loans made by the directors, Jonathan Bryant and Trevor Bone to the company to support its development PAID BACK NOW?
"No the company still owes me, I haven't received a salary for over three years, the buy back was funded by me and so I am now in a position whereby every cent dropped has a major affect. Please also note that the Directors of the company also put £300K in to the company over and above the initial investment and we did not receive a pay out personally of any description when we floated."
4.Everybody is still talking about WHEN THE CASH FLOW starts. I think it is just as important to talk about how much dept needs paid back first before the investors (share holders who supposedly own the company) will see the positive cash flow?
"Cash flow will be announced when Doncaster give me permission to announce it. Any news will come form them and thus I hope that there will be no doubts as to the validity of news. Everything is going to plan is on course and I will be vindicated when we are allowed to publish news.
Debt other than operational costs which vary month to month is non existent and the revenue that will be delivered will make the company profitable in the second month."
5.Expenditure: Besides all of the R&D work developing the Medify product line etc. How many Stock advisors were paid in 2005 and 2006 to help promote Medify stock sales?
"We paid for two stock advisers and that will never happen again. We were more successful with no influence from external sources."
6. Last but not least..Why are pictures being sent to individuals about Medify products but not shown on the Company website?
"The pictures were sent to show that the product was real, is real, is working and is in the hands of clinicians. I am having them loaded onto the site professionally which takes time. But I felt it would be good to show that the product exists and works on a device."
"I hope this answers you questions and I do believe my strategy is correct, it will just be a bit painful for a short while. I do read peoples e-mails and one investor sent me the rumour regarding Datasource. This amused me for two reasons, one we are here for the long haul and Medify's success will be proven short-term and secondly if people want to start rumours then they should get it right which is typical of the bad luck we have had.
Jonathan."
AI
