It is a long story. But I'll give you a brief rundown...
A few months ago some private investors took an interest in Med-Emerg. Here is an exerpt from the PR: >>Company restructures board with industry veterans and appoints new Chairman, President and COO.
Toronto, Canada – June 14, 2004 - – Dr Ramesh Zacharias, CEO of Med-Emerg International Inc. (OTC BB: MDER-MDERW) announced today that the Company has finalized a US $4,500,000 equity transactions by a group of Canadian and overseas investors (the “Investors”). The investment resulted from the previously announced letter of intent signed by Med-Emerg and Global Healthcare Workforce Limited (“GHW”) of London, UK. International investors included Koby Ofek, Dr. Michael Sinclair and Sidney Braun. Canadian investors include Barry Reichmann and Manfred Walt
Well, I searched for information on these people who invested in MDER and you wouldn't believe what I found. The following profile is of Dr. Michael Sinclair, who is the new Chairman of Med-Emerg (MDER), which is in the same line of business that Lifetime was:
"Dr. Sinclair founded Lifetime Corporation, a public company that was listed on the New York Stock Exchange. Lifetime began operations in 1986 and within two years through organic growth and by acquisition grew into the United States’ largest provider of alternate site healthcare services with annualised revenues exceeding US$1 billion. Lifetime was sold to the Olsten Corporation in 1993 for over US$600 million.
Dr. Sinclair is Chairman of Sinclair Montrose Trust Ltd., a UK-based healthcare investment company, and a Director of Raphael Zorn Hemsley (now Numis Plc), the City of London stockbrokers established in 1987. Dr. Sinclair is also a senior partner in Atlantic Medical Partners L.P., a New York based partnership, which invests in a portfolio of healthcare companies throughout the United States and Europe. Dr. Sinclair holds numerous directorships in both the United States and Europe."
That is just the beginning Swampboots. Here is a story from the National Post (Canada) about the Reichmann family (Barry Reichmann is an investor in MDER) http://www.canada.com/national/nationalpost/financialpost/story.html?id=db666912-a1c7-4c2e-8ff6-ab75...
Remember when traders jumped all over MAMA.com? Here is a clip to remind you: >>Mama.com was a standout on the Nasdaq, soaring more than 24 percent to $9.78 on heavy volume of 26.6 million after news that Internet billionaire Mark Cuban has assumed a 6.3 percent stake in the company.<< Well if people only knew what was going on behind the scenes at MDER (and they will soon)! The other three investors; Koby Ofek, Sidney Braun, and Manfred Walt also have impressive profiles. Together these gentlemen contol about 80% of the company and their shares are locked-up for several years. I control about 150,000 shares. This is a long-term invesment for me. The company has alluded to major growth and profitability.
Put MDER on your watchlist Swampboots. I think they are going places!