Medisafe 1 Technologies Corp. (fka MFTH)

[appalled]

The 8-k posted by MFTH on 4-30-13 clearly states the dividend is the 10 mil shares from the license agreement dated 11-15-12. It also clearly states that what is delayed is the payment date, not the ex-dividend date.

What they don't say in the 8-k or anywhere else is if the value protection of those 10 million shares--.70 pps or better 12 months from the execution of the contract---remains with the shares or if MFTH will still be the beneficiary of the protections leaving the shareholders SOL.

The only thing that is really clear is that MFTH has not been completely forthcoming with us. The announced $7 mil licensing agreement was only worth $1.8 mil when the contract was executed. The 1.8 million was paid in another company's stock rather than cash but their balance sheet showed it as revenue and there was a press release listing it as revenue both insinuating it was cash. A 1 cent per share cash dividend was never really a possibility and they diluted the company by 100,000,000 outstanding shares in payments to insiders between the initial dividend announcement and the actual ex-dividend date.