Medizone Intl. (fka MZEIQ)

[wqcustom]

With the stock price being cut in half in only 3 months, there is a lot of unrest in MZEI land, and rightfully so. When the CEO constantly praises the companies’ progress and the stock gets whacked in half, you have to ask yourself what the heck is going on. Where are we going? What’s the next catalyst that’s going to take us higher and when is that going to happen? A lot of people think the upcoming peer review article is that catalyst. I don’t think so, but more on that later. Here are a couple of quotes from Ed over the past few months:

Sept 24th 2010

“I won’t talk about it too much, but we’re already in initial talking, initial conversations and meetings with um, some very, very large players, as well as the government side of things. So frankly, I think what’s going to happen between now and the next 6 months is probably going to be serious news."

As far as I’m concerned, Ed has about another 1.5 months left on this promise of serious news, but I’m not holding my breath.

Jan 28th 2011

“……with the news that we see coming out over the next 6 months, you know, it’s just hard for me to imagine our share price isn’t gonna dramatically increase, everything is coming up roses so far….”

http://www.facebook.com/video/video.php?v=1703323875075

So now we have to wait another 6 months for great news. Ed then proceeds to talk about the new production plans, peer review article, and patent applications, however no mention of these very, very large players they’ve been in talks with, or the gov’t.
IMO, over the past 6 months, Ed is making the classic mistake of over promising and under delivering and it’s affecting the stock. My gut feeling on the peer review article is that it will give us some nice exposure, and overall that’s a positive for the company. However, I don’t believe it will make our stock price move up one bit. I said it a few weeks ago, and I’ll say it again. What we need to take the SP higher are preorders. Sales. Some info on a marketing plan or some news of these supposed large players placing some orders. This is what the company needs, some news that the company is about to make some money!
Supposedly from the last moneytv spot they are going to be back in early March to talk about their clinic in Canada. That may be very informative, but frankly, I don’t really care about their clinic in Canada. Tell us how you are going to make the company money, and how soon is it going to happen. Period.