Vegasvic,
I disagree very much. I like what they are doing immensely, as they are reinforcing their commitment to MWIP shareholders by giving us a stake in the new spinoff entity which they just PR'ed is already generating substantial revenues...therefore the intrinsic value in 800 Commerce has now been established pre-spinoff completion. It's brilliant.
As to the viability of MWIP post spinoff, they have clearly issued their commitment to the MMJ sector with their most recent PR:
"The digitization of these records and secure storage procedures that will now be provided by MediSwipe is a huge step forward in the security and protection of patient rights. Additionally, we believe our solution will create a road map for dispensaries in those states seeking to mirror the federal mandate by calling for all medical records to be digitized by 2014. We expect to begin installing the digitization application at our first dispensary clients shortly after the 1st of the year. Once installed, all patients will be recognized by a digital barcode with no paper records present on premises. The MediSwipe application has been developed to be seamlessly integrated with billing and dispensing systems once the patient has been properly identified through his/her digital record," further stated Friedman."
IMO, MWIP is going nowhere and will only gain strength over time as the sector expands (which it most certainly will). Friedman explained several times in news releases that the whole purpose behind the spinoff of 800 Commerce is to separate the two companies so that each would not have a negative impact on the other. Why go through the entire process of spining off 800 Commerce if he was going to abandon MWIP?? Makes no sense. He could have foregone that whole thing and simply scrapped the marijuana component of MWIP and made the new focus the 800 Commerce part of the business.
I believe he did the spinoff because he has every intention of growing MWIP concurrently with 800 Commerce and hopes to see both flourish without being impacted negatively by the other.
As to the share structure issue, I don't get what you are saying? With their small share structure, there would be no reason to conduct a R/S by any measure. At worst, they could increase the AS, but in my thinking, if they begin generating solid revs in the first portion of Q1 2013, they might just retire more shares as they have done in the past. As to the issue of dilution, if the pps were maxed out at this point, the company would have already begun diluting, which I think is fairly clear hasn't happened.
On the contrary, from seeing the pps movement over the past week along with the press releases that have been issued, it is apparent to me that Friedman's intention is to get the share price to much higher levels over the coming months.
I thank you for your input, but would strongly encourage you to reconsider your stance here as you stand to lose out on profound profits in MWIP by divesting your position now.
Whatever you choose I wish you all the best,
Neo
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