Monday, November 14, 2011 6:41:10 PM
There are more nurses on the RN Network on LinkedIn than the Nurses Lounge. This stock has gone been downgraded to Pink and now Pink No information provided. The definition for a "No information provided" stock is "This category includes defunct companies that have ceased operations as well as 'dark' companies with questionable management and market disclosure practices. Publicly traded companies that are not willing to provide information to investors should be treated with suspicion and their securities should be considered highly risky."
How will this company make money if all the networks are free? He's banking that all these schools will do this and all their nurses and students will join. If you go to any metro lounge and check you'll see that it's not happening. In the home town for the company he mailed a magazine promoting the network to every nurse in the city for 3 years click on "search" below the DFW Lounge title, and then click on "member activity" you'll see that in the last 3 months only 150 members have even been on the site.
Some of the lounges with the school directories have been visited by 7-20 people in 3 months.
I worked for them for years. I was promised a monthly salary every month I produced a magazine. In the last two years they didn't pay me for 5 months. When he merged with MedCareer Group he presented me with stock which is restricted and can't be sold. Then a few months later he tells me that the stock was in lieu of the money he owes me. I never agreed to working for stock. I never excepted the stock with any understanding that it was in lieu of wages and was never presented with any paperwork saying it was. In January of this year they told me that I would get a 20% commission on every job posting or internet package I sold. I sold $16,000 and have never been paid for it.
This isn't the kind of company anyone should do business with. Personally, I think you're Tim Armes. Most of the posts on this site are bogus attempts to mislead people.
For less than $100 anyone could start a website for nurses and put up pages for nursing organizations and nursing schools and send out a press releases saying they have more nursing schools and organizations than any other website.
I have 100,000 shares of stock in this pile of garbage. I'd sell it to you cheap but it would be illegal.
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