posted
I have to agree, those that got out are happy they did and will not get back in til this goes lower. As for the news they acquired the rights to 170 ahows whiched means they are spending money and with the cc roll out they will need more DC's and inventory which means they will be spending a lot of money so count on dillution.
Posts: 279 | Registered: Nov 2005
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posted
Mood of the stock is unhappy. It has to decline more before it can level out. You cannot make too many waves in a row, the sea needs to calm first.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
I think a lot of people are confusing the company with the stock. In penny land a solid company without enough revenue has to raise money through selling equity. The company's prospects might still be great, but it doesn't mean the stock is a good investment in the near to mid term.
Don't hold long when it runs, and don't watch it drop too much.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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posted
I am humbled by all the people who are now telling me how to invest. I truly like the one that says. If it goes up tomorrow that is bearish and if it goes down that is bullish. lol
Foreign markets mean nothing here in the US.
Todays PR means nothing at all.
They know just when to buy and when to get out.
The thing that I really like about these people that throw out all this crap. Is that they always tell you after the fact. Example: The stock is now at .0025. It runs up to .005. Then here they come. I got in at .0026. Then it started to drop like a brick as I new it would. They say after it now gets back below .003. Boy I was lucky I got out at .0048.
This stuff reminds me of a Monday morning quarterback. They know everything and how it should have been done. But when you are setting and watching the game with them on Sunday. You here nothing. Always after the fact. Just like here.
I do not know why people can not just tell you the truth to start with. No one has a clue what a penny stock is going to do from one day to the next. You throw out your chips and see where they fall.
These so called people that want to act like their your mother. Needs to go and teach day care. It is my money and I will invest it anyway I feel like.
Here is a good example: If you buy IDWD you are a fool. That is nothing but a scam. Well a month ago it set at .10 today it went up to as high as .90. I am sure glad I did not take these super investors advice.
If nothing else please learn one thing on these boards. Each person here has there own agenda. If they out of a stock. They try to talk others into selling to help drive down the price so they can get back in. If they are in they try to tell all to buy. So the price goes up.
Her is a word to the wise Only believe have of what you see and nothing of what you here or read.
Ask yourself one simple question. If these so called experts where just that. They would not be on these little chat boards in penny land. Now would they?
One more thing: For this person who claims he/she has 300 thousand shares of MGEN and knows it's going to .50. I have one question for you. Why do you just have 300,000 shares? I would load the board. I would get a loan on my house and buy as much as a truck could hold. The crap just gets deeper and deeper.
As I said before. I will hold this stock until it goes to .0001 or back to .02 at least.
Posts: 675 | Registered: Dec 2005
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posted
I love your honesty wormy. I know I'm one of the ones saying IDWD is a scam. And the company itself is a scam. But do also remember we talked personally about whether to invest in it or not. And I don't know my exact words, but I said to invest for the run that'd happen from the BS news about the divident, but not to hold for the divident because that was all BS. Haven't seen if the divy is true or not yet, but it's pretty much doing exactly as I predicted. I have no clue what they're going to do though. Either just not give the divy, just issue more stock instead of cash, but I bet they will dodge it as much as possible to up the price and dillute. And I bet they got friends trading the stock for profits too. telling them when to buy and when to sell. That company is crazy, puts out a PR every 2 days about the same thing. But hey, it's money for anyone who plays it right. And you my friend, definitely did. I ignored my own advice and didn't get into it. The thought did cross my mind but I was unsure if people would realize the company is BS and wouldn't buy into it. I've learned much since then. There are always people stupid enough to put their money into a company like that. That's where our money comes from. Stupid people.
Also, I have no clue what it seems like I am saying for GZFX, but let me clarify this: I THINK the news from today will not get the price up. I officially got out at .0135 earlier today and really really wish I didn't wait so long to sell. Some of the optimistic people got to me I guess you could say, just to support your point.
So basically it's pointless for us to sit here and give our opinions because it gets us nowhere. We're better off saying "Let's see... heads buy tails sell.." haha. We need to start a thread based on facts. Such as your posts about the Berlin market, news, etc... Even I am too opinionated although i try to base my opinions off of what happened in the past. And from what happened last time, my guess is the price continues to sink. It may get a quick boost but I bet we sink until Mid April or early May when the program begins. But who knows, it could take off again and this time without me, I'm not buying into it this early. I like to bottom feed with little activity. Much easier to catch a good, safe price.
Time for me to go to bed. Wish you luck getting a nice run tomorrow. Don't forget to sell this time Pennies are meant for trading, not investing. That's something I can prove 99.99% of the time. Rarely do I ever hear of a penny going straight up and never coming down. Actually, I never have heard of that, not even for a main stock. But main stocks can actually hold their grounds for a long time. Google held for 11 quarters and it's already on the road to recovery after one bad month. but I'm sure it's happened at one point with a penny. So, I have no clue what'll happen. I can only think like a human with educated guesses
Night Tapeworm.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
When other stocks are mentioned on this board it only means one thing that they know a lot of people are going to read this board. What does it say about the other stock lol ?
Just a good sign for me been here long enough to know how stuff works.
Todays close: .02. The ask is .02 the bid is .014. My friends that is one heck of a spread.
In normal situations. You buy on the ask and sell on the bid. So if the norm is the rule on this stock. You are already down .006 to start with. That is a lot of ground to make up. Here is their last 10QSB/A: I myself would not touch this stock with a 10ft pole. The spread between the bid and ask are way way way to far apart. If they were like .0195 or higher on the bid and .02 on the ask maybe but I still doubt I would and this person wants to talk about GZFX. Who knows how high or low it might go.
10QSB/A: MED GEN INC 2/21/2006 11:05:32 AM (EDGAR Online via COMTEX) -- ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Three months ended June 30, 2005 Compared with three months ended June 30, 2004 and Nine Months ended June 30,2005 compared with Nine months ended June 30,2004
GENERAL
The Company is now headquartered at 7284 W. Palmetto Park Rd., Suite 207, Boca Raton, Florida 33433 since January 1,2004. It does not foresee any need to further expand its 2200 sq. ft. corporate facility. The Company has elected to outsource the manufacturing of all its products at this time.
Results of Operations
For the 2004 third fiscal quarter ended June 30, 2005, Sales decreased 22.0% to $181,034 from $232,087. This decrease was primarily caused by Eckerd's drugstores merger with CVS. CVS ceased ordering Snorenz at the end of December 2004. The Company has attempted to re-open this account by presenting the product to the category buyer and the decision by CVS is still pending. The Company is hopeful that a positive decision for its product lines will occur by October 1, 2005. Also affecting Sales were the overall consumer demand for the products in this category "Cough and Cold" which showed a sharp decline. This overall category decline has resulted in Walgreen's no longer carrying the product lines as well.
For the Nine months ended June 30, 2005 sales decreased 11.70% to $664,678 from $744,288, for the nine months ending June 30, 2004. The decrease is attributable to a decline in overall customer demand and the loss of several accounts as described above.
Gross profit for the third quarter was $81,376 versus $133,627 for the year ago quarter, a decrease of 39.1%. The decrease was due to lower sales. The gross profit margin was 45.0% during the quarter ended June 30, 2005, as compared to 57.6% during the quarter ended June 30, 2004. This decrease resulted from lower sales as cost of sales on a quarter comparison where virtually unchanged.
For the nine months ended June 30, 2005 Gross profit was $393,931 versus $397,639 for the nine months ending June 30, 2004, a decrease of 0.9%. The gross profit margin was 59.3% during the quarter ended June 30, 2005, as compared to 53.4% during the quarter ended June 30, 2004. This increase resulted from increased wholesale prices and the shipping of previously manufactured inventory.
Operating expenses (selling, general and administrative expenses)for the 2005 quarter decreased to $557,582 from $1,062,432, a decrease of 47.5%. The large decrease is due to several factors including, decreased legal fees, consultants fees and overall operating costs.
Operating expenses for the nine months decreased from $1,873,503 to $1,184,738, a decrease of 36.8%. The decrease for the nine months is attributable to the Company's continued cost cutting program; also, the Company has bought remnant advertising time and saved significant amounts in order to effectively advertise the products on a reduced operating budget. The Company is also waiting until the Fall of 2005 to advertise the products in conjunction with new accounts ordering and placing the products on the shelves.
Operating loss for the 2005 period was $536,206 as opposed to a loss of $1,208,155 in the prior year's quarter. The loss was substantially lower because of lower SGA and cost cutting measures by management.
Operating loss for the Nine months was $1,156,447 as compared to $1,890,964 for the nine months a year ago. The loss was substantially lower because of lower SGA and cost cutting measures by management.
Interest expense increased from $39,850 in the year ago quarter to $47,111 for this quarter. Interest expense for the nine month period decreased from $111,185 to $56,171. The decrease is directly attributable to less borrowings by the Company.
For the third fiscal quarter the company reported a loss of $0.13 per share versus a loss of $0.08 per share in the year ago quarter.
For the third quarter nine month comparison the Company lost $0.48 cents as compared to a loss of $0.25 in the year ago quarter.
Liquidity and Capital Resources
Cash on hand at June 30, 2005 was $514,805 and the Company had working capital of $661,479 at June 30, 2005.
Net cash used in operating activities was $963,390 during the nine months ended June 30, 2005.
Net cash used in investing activities was $-0- during the nine months ended June 30, 2005.
Net cash provided by financing activities was $1,264,487 during the nine months ended June 30, 2005, which consisted of $101,987 from the proceeds from the sale of management options and $175,000 of repayment of the original credit facility and $1,337,500 from the convertible debenture.
The Company has affected a 5% price increase for all of its products.
The Company has also eliminated one-time burdens of legal, computer and other non-recurring expenses. The Company has sufficient cash resources, receivables and cash flow to provide for all general corporate operations in the foreseeable future.
Basis of Reporting
The Company's financial statements are presented on a going concern basis, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has experienced a significant loss from operations including the settlement of certain litigation. For the period ended June 30, 2005, the Company incurred a net loss of $14,014,776 and has an accumulated deficit of $28,219,639 at June 30th, 2005.
The Company's ability to continue as a going concern is contingent upon its ability to secure additional financing, increase ownership equity and attain profitable operations. In addition, the Company's ability to continue as a going concern must be considered in light of the problems, expenses and complications frequently encountered in established markets and the competitive environment in which the Company operates.
The Company is pursuing financing for its operations and seeking additional investments. In addition, the Company is seeking to expand its revenue base by adding new customers and increasing its advertising. Failure to secure such financing or to raise additional equity capital and to expand its revenue base may result in the Company depleting its available funds and not being able pay its obligations.
The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern.
Derivative instruments
In connection with the sale of debt or equity instruments, we may sell options or warrants to purchase our common stock. In certain circumstances, these options or warrants may be classified as derivative liabilities, rather than as equity. Additionally, the debt or equity instruments may contain embedded derivative instruments, such as conversion options, which in certain circumstances may be required to be bifurcated from the associated host instrument and accounted for separately as a derivative instrument liability.
The identification of, and accounting for, derivative instruments is complex. Our derivative instrument liabilities are re-valued at the end of each reporting period, with changes in the fair value of the derivative liability recorded as charges or credits to income, in the period in which the changes occur. For options, warrants and bifurcated conversion options that are accounted for as derivative instruments liabilities, we determine the fair value of these instruments using the Black-Scholes option pricing model. That model requires assumptions related to the remaining term of the instruments and risk-free rates of return, our current common stock price and expected dividend yield, and the expected volatility of our common stock price over the life of the option. We have estimated the future volatility of our common stock price based the history of our stock price. The identification of, and accounting for, derivative instruments and the assumptions used to value them can significantly affect our financial statements.
CRITICAL ACCOUNTING POLICIES
Our discussion of results of operations and financial condition relies on our consolidated financial statements that are prepared based on certain critical accounting policies that require management to make judgments and estimates that are subject to varying degrees of uncertainty. We believe that investors need to be aware of these policies and how they impact our financial reporting to gain a more complete understanding of our financial statements as a whole, as well as our related discussion and analysis presented herein. While we believe that these accounting policies are grounded on sound measurement criteria, actual future events can and often do result in outcomes that can be materially different from these estimates or forecasts. The accounting policies and related risks described in the notes to our financial statements for the year ended September 30, 2004 are those that depend most heavily on these judgments and estimates.
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
Recently issued accounting pronouncements and their effect on us are discussed in the notes to the financial statements in our September 30, 2004 audited financial statements.
FORWARD LOOKING STATEMENTS
When used throughout in this form 10QSB filing, the words "believe", "should", "would", and similar expressions that are not historical are intended to identify forward-looking statements that involve risks and uncertainties. Such statements include, without limitation, expectations with respect to the results for the next fiscal year, the Company's beliefs and its views about the long term future of the industry and the Company, its suppliers or its strategic business partners. In addition to factors that may be described in the Company's other Securities and Exchange Commission ("SEC") filings, unforeseen circumstances or events could cause the Company's financial performance to differ materially from that expressed in any forward-looking statements made by, or on behalf of, the Company. The Company does not undertake any responsibility to update the forward-looking statements contained in this Form 10QSB filing.
posted
Berlin Exchange shows you how much confidence investers have in putting thrir money in this again.I hope its different here.Growing a little tired I thought we would have a stronger base than this.GLTA
-------------------- RLB Posts: 205 | From: NY | Registered: Oct 2005
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-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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2) Shook off lots of weak hands and flippers. They will be chasing. imho lol The same thing happened the rshn when they increased AS shares. Look at where they are trading now.
GZFX nationwide ROLLOUT SCHEDULE with Circuit City starts in may baby.
MONTH STATES STORE COUNT
May ME , MA, RI, NH, VT, CA 103 June WV, NC, TN, KY, MS, OH, WY, ID, UT, AZ, NM 98 July CO, GA, FL, AL, SC 105 August MO, KS, NE, LA, AR, OK, TX, 88 September CT, NY, NJ, PA, DE, 89 October VA, MD, IN, MI, OR, WA, HI 97 November WI, MN, IL 47
TOTAL: 627
glta and do your dd before buying this monster!
So sit back and relax. Happy days are coming.
Joebillion
quote:Originally posted by SuperSniper00: GZFX is a long term play.
posted
Tough to tell where we're going to go with this. L2's are showing lots of buying but we're pinned down right where I bought so hopefully it's just going to be a small shake then rebound.
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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posted
MM UBSS is our problem. As he was yesterday and the day before. Heavy buying came in at .0134 and he just set there. The rest of the MM's moved up to .0136 and higher. Buying pressure ran out and now we take a step back before we run a little again. UBSS IMO will not let it run to far.
Posts: 675 | Registered: Dec 2005
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posted
I just had a genious idea. My buys never go through until it's about to turn around. This is why I hate doing this in the morning because I always forget not to buy while it's going up. But I wonder if you could use that to your advantage. Say, buy 100 shares and as soon as it executes, sell all that you have knowing it's aobut to reverse in 5 minutes. This'd only work for the morning or on a powerful run otherwise you'd just get filled right away.
Here's the dip where I shoulda bought. Oopsie
-------------------- This is some pretty gay Mc. Bestiality. Posts: 948 | From: Boston, MA | Registered: Oct 2005
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Pennies are meant for trading, not investing. That's something I can prove 99.99% of the time. Rarely do I ever hear of a penny going straight up and never coming down. Actually, I never have heard of that, not even for a main stock. But main stocks can actually hold their grounds for a long time. Google held for 11 quarters and it's already on the road to recovery after one bad month. but I'm sure it's happened at one point with a penny. So, I have no clue what'll happen. I can only think like a human with educated guesses 
