Ok, so I'm here.
And I've been doing some more research, but I've got to say, after reading the board for the last couple of days I kinda felt like keeping it to myself.
From being in a very positive frame of mind about things, as soon as the share price rose everyone turned negative. On several points. And again, I know this isn't gonna make me any friends, but.....
1) 504. Obviously these are being used to fund the company as revenues build. There's nothing sinister about a company doing that, or even unusual. Yet there have been calls from people on here that supposedly know lots about trading screaming about how terrible this is. What, that the company is moving form the development phase into revenue generation and is using a common and legal practice to do this? What would be better, to let the company die when it's so close to achieveing all of it's milestones and turning into a profitable entity with a sustainable future? I'm sorry, I fail to see how that's a bad thing. (As revenues build? What revenues? All we have witnessed is more 504 shares being sol even faster than they have been created, with no revenues at all, but the outstanding share count keeps getting diluted further and further. The shares are created timed with the impending news announcements and sold immediately with any news. Does Johnathan really need $50,000 a month to run this company? Show me the receipts, please, of what the money is being spent on, thank you!)
2) PR. Now, because we don't see a new PR everyday the world is ending. Or so you'd think. A government body has directed it's corporate partner that it should handle it's own marketing. Sacre bleu! Apart from the fact that it is probably against policy for them to issue releases that will make money for corporations, they probably don't have the resource to invest in pumping out press releases all day long. THEY quoted for Medify's release, but the value of this has been killed right here on this board. (Don't need to read a fluffy PR everyday...or even once a week, or once a month....do need to be kept abreast of facts, like how we are doing with the Italy project that Ian just referenced in his interview...where are the revenues? Do need to be clarified about the German float when asked, i.e., whether based on the pre or post-split shares, not just kept in the dark. Do expect that we have MORE than just another pilot program!)
3)JB shares. How is this our business? (Complete and utter Bullsh*t! Not my business if the CEO decides to dilute the company I have invested in based on its outstanding shares? You mean it is okay for the CEO of Palomar Medical Technologies, which has 16.94 M shares O/S and I have over a 7-figure monetary position in, to suddenly and without notice do a 1:12 reverse split on my shares, and simultaneously award himself 20 more million shares for an unexplained reason, causing the value of my shares to be worth just thousands, a pittance relative to the same market cap?? Market cap doesn't change, so the chance for the stock to increase the same based on revenues suddenly has changed dramatically against me and in favor of the CEO...nope, this is not kosher, it is unconscionable to say the LEAST! )It's his company. (Nope, it is NOT his company. It is a publicly held company, not privately owned by JB. CEO's MUST maintain a fiduciary responsibility to the shareholders, or else face the legal consequences of the SEC when investigated. CEO's may not arbitrarily award themselves shares to dilute the value of the shareholder's stock just because....)We are investing hoping to make money on the back of his (and his teams) work. He grew it to the point where it's delivering a REAL product (and how many pinks don't get that far?) to a REAL market that has publicly stated it wants the product. I am concerned about my own shareholding (which, like the rest of you no-one put a gun to my head and made me buy). And I'd rather not see my investment slated day in day out in a public forum. How anyone can think that slating the company and it's chairman is going to beneficial I'm lost. Obivously the issue will have to resolved if there are any future negotiations, but again, that is work for the board NOT for this discussion group.(We must collectively insist on a full explanation for the 33M share award, and insist on a huge reduction of these shares f we are ever able to see any profit from our investment. True, no one put a gun to my head to buy, but this is not a pig in the poke. I bought into a publicly traded company based on outstanding shares, potential revenues, contracts, product and promises from management. The management does NOT have the right to screw its shareholders by arbitrarily diluting the shares with a reverse split and an award of 33Million shares to themselves.)
4) And on that note, how many companies run themselves based on the opinions expressed anonymously on a forum? Why do we expect Medify to do that? (Who expects that? I expect that from verbal and written communication I have received and well documented from JB and Trevor Bone that their words were truthful and honest and that they would uphold their fiduciary responsibilities)The people involved can only make money if this thing is successful.(They can make money by awarding themselves a disproportionate amount of shares, do a reverse split on the shareholders, all the while sell 504 shares and make a nice $50,0000 a month income for essentially doing nothing but making promises about contracts and revenues we have yet to see materialize. Where are the Italian revenues? Where are the revenues from the blood deal?) It has been stated that the new management are putting into place (and delivering already) a strategic sales and marketing plan. And it's working. But because noone is an overnight millionaire proper commercial growth is a bad thing. Please. If you want to get rich overnight gamble on the lottery or Vegas, and then post on one of their bulletins how unfair it is.
And how many of the people that make these comments have actually successfully launched, floated and then sold on a company.
So, I know you probably won't like that rant but it's time to get real. A buyout would be great, but so would a company that is in serious growth, has successfully completed development and is now making sales. Ie, a real, stable company.
I have spoken at length with my contact over the past couple of days and there is definate development. There are ongoing talks, but no-one will comment due to the NDA.(Surely you have asked your contacts what happened to Trevor Bone? Care to share with the I-Hub board the true E-Hollywood story of why Trevor is no longer with MDFY in management? Do tell....) The share dividend WILL be issued, the legals in the states are just being completed before the T/A is informed. (Remains to be seen)Nothing sinister.
And sales are coming in. The European activity is also coming back into the mix.
So it's all good.
He doesn't know what is causing the strange activity today, but based on our chat I'm happy to ride it out.
These are just my opinions. If you don't agree, that's fine. Good luck to you.
GH
AI
