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Technology Stocks : MDTL - Medis Technologies
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To: Mahatmabenfoo who wrote (9)8/1/2004 8:48:52 AM
From: Mahatmabenfoo   of 12
 
Barron's August 2nd issue about MDTL.

Must reading for anyone with an interest in MDTL -- the article gets a major play (is referred to even on the cover page of Barron's).

Looks like a reporter started with one of my posts, then did some further research taking a snap-shot of Lifton's life overall. Beautiful!!

1. Lifton made his money in real estate by putting downpayments without having the money to actually buy the properties.

2. Just about everything else he did failed, except for Preferred Health Care, which did well only after he and Weingrow were out of management and off the board for at least 4 years.

3. Lists a few of MDTL's wacky claims that never led to revenue as evidence its fuel cell claims will also never lead to revenue (13 years, many claims, but nothing to sell).

4. This is a quote: "What Medis has sold in quantity -- the only thing, really -- is stock".

5. Another quote: "What do Medis' partners Kodak and Flextronic have to say about the technology? Precious little". Both Kodak and Flextronics are just hired guns, and the fact they are willing to take Lifton's money says NOTHING about the technology.

The article even makes the Lifton-Lester Crown-GD connection as maybe explaining the MDTL-GD connection.

There's a lot the article doesn't touch on (for example, just how shallow the GD connection is -- since GD can terminate it at any time) (it also doesn't delve into the rotten apple that is cellscan).

But as far as it goes, it's a breath of fresh air: the first time a reporter hasn't just reprinted MDTL bunk, and actually provide some historical context. It also makes CEO Robert K. Lifton look like an ever bigger ass than I ever did.

- Charles
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