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Medivolve Inc MEDVF

Medivolve, Inc. is a Canada-based healthcare technology company. The Company has two business units: Medivolve Pharmacy Division (MPD) and Collection Sites Diagnostics (CSD). MPD provides retail pharmacy and mail-order pharmacy services related to COVID-19, antibiotics, dermatology, family medicine, immunology, neurology, pain management, pediatrics, preventive medicine, and psychiatry to patients in Southern California. CSD’s software platform, Electronic Health Records app (EHR), is focused on supporting clinical staff, is a series of assets and functionalities that enhance the customer experience and provide an end-to-end lab solution. The Company, through its subsidiaries, Medivolve Pharmacy Inc., and Kedy Ying Jao D.O., a medical corporation, operate a distributed network of two retail patient-care locations in California, United States. The Company has served hundreds of thousands of patients across the United States and facilitated more than 1,533,000 clinical tests.


OTCPK:MEDVF - Post by User

Comment by deepoil0808on Nov 21, 2021 2:04am
113 Views
Post# 34150211

RE:Deepoil0808 Yes was right but then stepped into wrong side

RE:Deepoil0808 Yes was right but then stepped into wrong sideAppreciate your response Sarb.

I did not switch sides.   I was a long and I sold my position, almost at cost, because I did not like the 1 for 15 reverse stock split.

I knew there was a possiblity that it would rally but I was no longer comfortable holding it because the 1 for 15 reverse split announced in November 2021 signals to me a slowdown in revenue, a loss from operations and, a need for cash.

I was not wrong on this either as they have $ 25 million in receivables (not collected) but owe $ 20,500,000 in payables where are due.   We do not know if all the receivables will be collectible, that is a big unknown.

Also restrictions on covid19 will be lifted around the world in early 2022 and testing will be severely reduced due to this.   Biden lost his appeal on mandates in Texas, Florida next and, 18 other states.

In Isreal it is 2 days in a row with no deaths. 

MEDV has not pivoted into the telehealth market and are materially dependent on testing and for that to happen covid19 needs to continue and, it will not.   I am not an expert on this but Pfizer is.   So if the world leader in vaccinations is saying that pandemic ends January 4th, it ends on that day as they control most of the market. 

Without a sustainable business model, one finds themselves investing in a dying business.

I expect MATERIAL DECLINE in revenue this quarter and, a huge loss. 

Take it for what it is, my opinion.

PS:   I am not shorting it either as I never employ that strategy.  I buy for the longer term and for  me the 1 for 15
         reverse stock split was the language that convinced me to sell.   Think of it another way, if they were going
         to have another profitable quarter there would be no 1 for 15 reverse stock split.  But there is.

I post for ENTERTAINMENT PURPOSES only and, I presume that this is legal to do.

I invested my funds elsewhere, where the future looks bright and revenues / profits are going to ramp up.

My personal opinion, 
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