This co. is on the verge of breaking out of it's low trading range, they're about to become the leader in their industry, their new software will take the world by storm, they will put all their competitors out of business, this stock will be $10/sh soon, buy now or you'll wish you did, news is coming out this week, the insiders are buying every sh. they can get. OK, none of this is true. It's all lies, every bit of it is all lies. I just wanted the pumpers to see how sily they sounded all those years ( Ghritz, Tommy(aka Tammy)).
This is a great post. The best part of this post is it's true. Those 2 were working overtime on the pumping. There were a few others but those 2, wow, they were really telling some lies. The bad part is neither one of them will admit he or in Tommy's case, she was wrong. Why is it so hard to admit being wrong? We all make mistakes but Those 2 will tell you this was a great compny and it still is. They will tell you the investors in Germany is
what got this co. in trouble. They will tell you this co. did nothing wrong and they were on track to becoming a behemoth. Admit this co. sucks already. Admit you picked a loser. Just admit this co. was a bad investment. Everyone else already knows this co. is garbage and that the people in Germany had NOTHING to do with it's demise. If you 2 only listened to Adam, Debra and Hyestar along with a few others you could have gotten out with a smaller loss and you would have known the truth about this co. a year earlier. You would have had a whole year to work on making money instead of defending this garbage and looking like fools in the process.
I assume that ann.assante's post implies some dishonesty on my part. My position was clearly stated in "We Deserve an Explanation" but this poster's distortions of the facts put him/her in the same category of the bashers named. Adam, Debra, and Hysteria, brayed on and on about what a scam this company was but provided no facts to back up these assertions. There were many of us who did the due diligence and believed that Medefile was a worthy investment, based on the facts as they were represented. Taking the points made in this post item by item;
I never said that the company didn't do anything wrong; just that there was no evidence of wrongdoing on their part. Errors in judgment, yes, but outright fraud has never been proven.
Kevin's failure to respond to my request of December 24th for an explanation does suggest a degree of complicity, though it may simply be embarrassment over the stupid moves they made;
Hiring Elite as their public relations firm and paying them with shares of stock that they could get on the cheap and sell on the Stuttgart exchange at greatly inflated prices. It's called arbitrage and I don't see how Medefile could have benefited from it.
The next mistake they made was surrendering control of their marketing function by relying on affiliates to generate memberships. Telemarketing may have been expensive but it was the source of revenues in 2011 when they posted 370% gains.
Finally the reverse split was the kiss of death and I spoke out against it. Now it's trading as low as $0.67 on practically no volume. The wild swings in share price make it a good play for day traders but no serious investors.