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Bullboard - Stock Discussion Forum Medivolve Inc MEDVF

Medivolve Inc. is a Canadian healthcare technology company. The Company and its subsidiaries, Medivolve Pharmacy Inc. (doing business as Marbella Pharmacy) and Kedy Ying Jao D.O., a Medical Corporation, operate a distributed network of two retail patient-care locations in California, United States. It has two business units: Medivolve Pharmacy Division (MPD) and Medivolve Clinic Services... see more

OTCPK:MEDVF - Post Discussion

Medivolve Inc > Relax everyone
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Post by Catspajamas on Apr 01, 2022 7:08pm

Relax everyone

it's just games. Knowsbest's employers, and maybe others, just washing money to scare retail into selling. Nothing takes away from the fact that financials were great. Manipulation is big - look at knowsbest's efforts today - but there's only one reason a guy like that is here. Of course they want to scare you into selling... But there's literally no reason to except for manipulation and one day they will let it run and if you sold, then you fell into their trap. So relax and let it be for now.
Comment by Enrique on Apr 01, 2022 7:27pm
See my post, they don't have a strong future outlook imo and really have high overhead for their outstanding revs, not to mention an absurdly low cash position with an absurdly fat float. They didn't even churn 5% of the share count with the huge spike in volume. It's a bit more complex than just basing it off of the cliche manipulation reason. Best of luck to you but I don't see ...more  
Comment by Catspajamas on Apr 01, 2022 7:56pm
Nah. The cash float is not a real concern. Insurance pays and there's lots coming in. Insurance companies are always slow. You're right that this model won't last forever, even past this year, but that's exactly why their expenditures are high, as you mentioned, because they are using that money to transition. The company needs to communicate more, that's for sure, but that ...more  
Comment by SY3XElon on Apr 01, 2022 10:50pm
It's been 90 days since that financial report ended. I would think a vast amount of the receivables from Nov and Dec and a bit of Jan have now been received. If your concerned send David or CFO an email. They can answer that 
Comment by Catspajamas on Apr 01, 2022 11:18pm
Unfortunately, that's a problem with David and Co. - they don't respond to emails or other messages. Regardless, receiving payment for insurance isn't a real worry. It's not like they can just choose not to pay.
Comment by SY3XElon on Apr 01, 2022 11:27pm
I agree. Payments are being made they just take 90 to 120 days. That negative EPS I spoke of should have a dramatic change for the better next fins. It does matter. All that revenue and it seems like a no brainer but manipulation will take place on any weakness until there is no weakness 
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