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Technology Stocks : MDTL - Medis Technologies

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To: Mahatmabenfoo who wrote (2)	6/6/2003 6:42:01 AM
From: Mahatmabenfoo	of 12

Dig this: MDTL was reporting cellscan sales in 1993!!! Actually it made an excuse for low sales -- the fact cellscan was being "improved"! FOUR years later in 1997 MDTL admitted only a total of 5 cellscan had EVER been sold (did it even sell that many? how many were returned?) but MDTL predicted "their objective... to top $100 million in sales within the next five years." Then in 2001 MDTL Lifton admitted cellscan just doesn't work, had NEVER worked. When will Lifton admit MDTL's fuel cell doesn't work? What I find instructive is how long MDTL will pretend a failed technology is viable -- and even try to sell it and "improve it" and make grand predictions about it. Yet after 11 years of sales and improvements and partners, MDTL doesn't even pretend to sell cellscan anymore. HINT: a company that lied for 11 years about cellscan cannot be believed as it "improves" and tries to finalize any other product. And that would be true even if cellscan was MDTL's only other failure -- but it's not (see supergreen battery, conductive polymer factory, toroidal engine, sterling air conditioner, desalination project, cryo surgery tool, etc. etc.). - Charles ======================== CELLSCAN 1993 (NASDAQ - MDSLF). Medis El attributed its wider losses to its research and development efforts and increased general and administrative expenses as the company continues to expand. Medis El expects its low sales to continue into the third quarter, as the company continues to shift production priorities and delays deliveries on orders of CellScan machines while they are upgraded with recent improvements. ================== CELLSCAN 1997 moit.gov.il Medis-El... their objective is to top $100 million in sales within the next five years. To date, 5 Cell Scans have been sold, and they have the capacity to build 2 units per month. ========= CELLSCAN in 2001 (Lifton speaks!) evworld.com 1 MDTL CEO LIFTON: So we started with the cell scan with breast cancer and we worked on that for a number of years with a lot of problems that we faced because there were...at the time there were a lot of uncertainties. It was like solving an equation with three unknowns. And that was a very, very difficult process and as it went on and as we were going forward it was clear that it was gonna be a longer process than I had thought originally. And so the choice then was either to throw up your hands or to figure out other things to do to provide reasons to make more investment in the company.

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