I LOVED THIS PART!!!!!!!!!!: "Until recently, Medifast�s stock price has been so erratic that it put this strategy at risk. Over the last year, the share price fluctuated from $3.70 to $21.15. In mid-October it stood at $10. Listing on the American Stock Exchange, Medifast didn�t find favor with stable institutional investors, but rather with hedge funds that would run the stock up, then immediately short it. �A guy can drive you up three dollars, and the next day he can drive you down four or five dollars, and he�s making money in both directions,� explains MacDonald.
Combine that with a hole in securities law that allowed Medifast to be listed on the Berlin and Frankfurt stock exchanges where the stock was further abused. �We were getting naked shorts which are illegal in the U.S.,� says MacDonald, who tried unsuccessfully to have the stock delisted from those exchanges."
AND WHO WAS RESPONSIBLE FOR THIS? BWHAHAHAHAHAHHAHAHAHHAHAHAHAHH! AHHAHAHAHAHAHHAHAHAHAHHAHAHAAHAHAAHHHWWHBWAHAHAHAHAH!
INDIRECTLY, I WAS MENTIONED IN HIS WORTHLESS INTERVIEW. I SEE THAT BRAD CONVENIENTLY DID NOT MENTION DICK VITALE WHEN HE WAS THE MED SPOKESMAN. THAT WAS BACK IN THE MDFT DAYS. BEFORE MEDITANK WAS MEDITANK.
BWHAHAHAHHAAHHAAHAHAHH! BRAD WAS A LOSER AND STILL IS A LOSER. PAYS 2.80 FOR SHARES ON OPTIONS, THEN QUICKLY DUMPS ALL OF THEM AND THEN SOME. WHAT A GUY!
Medi...cation, you must go to hospital for treatment! If you don't have your relative to help you to hospital, we may help you to hospital. You're serious sick now. Don't wait, it'll be too late and you'll be died! It's no doubt to see MED reach $20 soon!
Thanks for the link. Quite a success story when you look at the big picture. What struck me the most was this paragraph:
"MacDonald is still the largest shareholder with 1,100,000 shares of Medifast. He was criticized earlier this year for sending the wrong signals when he and his wife sold $3.7 million in stock, or 25 percent of their holdings, but he sees it as payback for the lean early years. For the first five years at Medifast, MacDonald earned $75,000 per year, with no bonus. Until a year and a half ago, he had accumulated just $100,000 in his IRA. �The risk-reward ratio wasn�t there until I started selling some stock,� says MacDonald. �There�s nothing wrong with someone of my age being in that position.�".
The man has worked hard for his money. Tank and his ilk (remember gs from Atlanta) just can't appreciate the fact that this is just another truly great American success story that continues and those of us who believe will be rewarded in the end.