RE:RE:RE:RE:RE:RE:Lets see: Maybe there are other uses for the cupFrosted,
I understand your concerns and I do agree with your comments HOWEVER, past performance is not indicative of future performance. You know this.
Putting that aside, there is no comparative between MEDV run by Doug Sommerville and, MEDV that is run by David Preiner.
Doug Sommerville had a big mouth, made many false promises, he engaged shaddy people, he did transactions with putting no thoughts into the acquistions, he over promised and lied, he was out of touch with how to run a business and should have stayed retired and, his business model was all over the place with no clear focus.
Compare this to David Preiner. He wrote off all of those shady deals to their true values. He cut off any transactions that were not lucrative to MEDV (ie: Blowfish). He cleaned the balance sheet to having no debt. He tripled the price per patient. He increased gross margins significantly. His changed MEDV from a cash business to one covered by insurance companies (8,000 of them). He brought down the out of pocket costs to patients to nil. He has expanded offerings with Health records (targeting Telemedicine market). He actually acquired a pharmacy at a decent price and has expanded to vaccinations. David Preiner has done alot in just a few months and we will hear of RECORDS of everything.
Do not confuse the two MEDV's. The one you invested in was with Doug. The one I invested in is with David. I understand your bitterness. And that poster Sarb999 was a bulls*hitter who spoke as if he ran the company, which he did not. He too made lots of false promises.
The decision is yours. I do not believe that MEDV will go to Zero as you say because Stan Bharti has $ 3 billion in cash and he can back up MEDV forever. So that option is off the table. Stan is now a long term investor like you and me and, he wants MEDV to succeed.
What convinced me that MEDV will report blockbuster results is the Camebridge deal. A third party would not exchange a secure $ 7 million debt, with a lien on assets and, a gurantuee on $ 2.4 million in receivables, UNLESS if the shares of MEDV were worth MORE.
They did not accept 94 million shares to then sell their shares at 4 cents and, lose have their $ 7 million loan.
Common logic tells me that Camebridge was game because MEDV results are spectacular and, they must have demanded that Stan Bharti and his companies also way their loans for shares and, not sell for 5 years.
With a boatload of debt off the books, MEDV will be able to hit profitablity that much faster.
Do as you wish but I really think you are making a mistake by not loading up at 4.5 cents.
Good Luck to you,