Amen!
I haven't seen where MDIX's management has done squat to maintain (much less increase) shareholder value. Despite their assurances that they had a plan to maintain listing, look where we are today. Delisted and trading at a level that may make it possible for day traders can flip the stock. Don't know that that will happen, but in hindsight the RS might have been the better move.
I've heard many people here say that their product is state of the art. It may well be for all I know. On May 26, 1998 they announced that they had signed of a sales, marketing and consulting agreement with "John P. Cole, president and chief executive officer of TCG Development, for the Company's Cymedix Lynx Internet medical communications software product. TCG Development is a healthcare services company specializing in identifying and marketing leading edge, high technology managed care solutions." So what benefit has has this relationship produced for MDIX so far? There may well be some, but I sure haven't seen any evidence.
I still wonder why if the product is so great no company has bought MDIX. At the current stock price they could have the technology for a song.
As far as hoping that the lawsuit will benefit MDIX - I'm an attorney and an MBA. I practiced IP law. I posted my thoughts on the lawsuit issue when it was announced. In a nutshell,I would not bet the farm on a quick (or any) resolution (at least of any substance) unless MDIX can support the expense (financially and in the time required from employees for discovery ad nauseum) for a sustained lawsuit. Even if they won at the trial level there would certainly be an appeal = more time and more $$$$$. I haven't seen any evidence that they have the resources and very few intellectual property attorneys will take on that type of litigation on a contingency basis. I don't know what the merits of their case are and do not have the time nor the interest to invest my time in looking into it. Hopefully they have competent counsel. Sadly, even if they have a valid claim, litigation is a minefield that doesn't always result in "justice".
I don't know where or when the problem(s) began or who is ultimately at fault for the current situation. I do know that many on this thread have made more than a few "great things are just ahead" postings. These might have been based on honest perceptions, conversations with MDIX people, or God only knows what else, but Caveat emptor...
1. If it isn't officially announced by the company in a public press release, it is just a rumor probably meant to benefit someone else.
2. Even if it IS in a public press release, that little "... contains forwards looking statements..." disclaimer at the end can cover a multitude of intentional or unintentional BS if promises never come to pass.
The bottom line for me personally is I've asked for my cert and when I get it it will be framed as a reminder. Maybe MDIX will amount to something someday. I hope so. Yep. Many on this thread laughed at those who sold at $0.25 and thought them foolish. We may well look back on the days of the $0.10 share and wish we had sold. I hope not.
My final (and only constructive) advice is that those who really think that the management and/or BOD of MDIX are the real problem and that MDIX is salvageable might want to consider the possibility/desirability of taking some actions as shareholders at either the next annual meeting or even calling for a special meeting. I don't have enough at stake personally to "lead the good fight", but I am sure that there are quite a few who read this who do (at least collectively) and can afford the time and expense that any action might take. Not saying it would be a good or bad idea. Just tossing it out as a way to try to take control of your company if you really feel that you have been S#@t on...
Good luck to all of us. |
