I can't predict the future here with MDFI, but I just know from doing my DD, it has potential and plenty of room for growth... especially at these levels.
I could give examples where stocks had an AS in the billions and such did not stop a recent one from hitting .99 per share just recently so you just never know from a 52wk low of .01 per share.
I'm not saying that MDFI should be trading at .99 per share, but I do think that it is fair to believe that it should be trading at much higher levels than where it's at now sitting here at .0031 per share given what they have to bring to the table as a product/service.
Keep in mind, they are significantly reducing debt...
…For Medefile International's twelve months ended June 30, 2009 EBITDA was $(1,513,858), compared with $(3,242,770), a 53% improvement over the comparable year earlier twelve months. EBITDA for the most recent twelve months also reached a two year high. …
Now maybe it's just me, but the reductions above are pretty huge especially for a fully reporting OTCBB stock that has a real product/service in a real market that has not even started to grow yet, but will be forced to grow upon us all. Again, maybe it's just me.
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