OTCPK:MEDVF - Post by User
Post by
deepoil0808on Nov 03, 2021 4:11pm
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Post# 34083860
SOLD
SOLDFor transparency purposes I am providing this post.
I made a decision to sell my entire position based on the companies intention for a 1 for 15 reverse stock split and, their intention to raise additonal funds.
My intention was to have a material position in the company and, to benefit from good results to be announced, which would have sent the stock rallying.
However that has changed with the reverse stock split vote. It will dilute my position by 15 times and, it also indirectly confirms that company is in need of cash, which to me means they are still at a loss in their operations.
I had counted on a profit, not a loss.
Also there is an issue with 3 cubes, 2 in California with authorities and, 1 in Hampton East. There is also bitter feud with blowfish and, ending of deal was never announced. Website still shows blowfish. Plus one last additional point was the failure to close latest PP or, to even announce what happened to it.
But the tip of the iceberg which convinced me to sell is the REVERSE STOCK SPLIT.
Good Luck to the rest of you,
Disappointed but relieved to be out of here. This board is also very toxic.
My personal opinion,