International Nursing Services Inc, old (NURS) new (MDIX) Message Board

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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX)

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To: Linda Kaplan who wrote (2755)	5/19/1999 9:41:00 PM
From: Robert E. Winston	Read Replies (1) of 2911

I like a conspiracy theory as much as anyone but I'll need a little more evidence before seeing one here. If you look at a chart of today's action you'll see that a lot more shares were spent driving the price down than were bought pulling it up again. That doesn't look like manipulation unless the effort to cause panic selling simply failed. A more reasonable explanation is that some MDIX share holders are seeing that our company is being left behind in the inevitable industry consolidation. So they sold. Others, hoping for a buyout, bought on the dip. Even with the late recovery today, MDIX didn't perform well compared to competitors. techstocks.com It's become painfully clear that MDIX can't go it alone. It doesn't have the infrastructure or the capital. The two big players, Healtheon and Synetic, now have market caps of 5.6 and 2.0 billion respectively. I've decided to ride this train to the end, but what worries me is this: If MDIX really does have superior software and patents, and if there really is anything to the Wellpoint - what shall we call it? A pre-contract? - then why isn't MDIX in play? Look at what HLTH is willing to pay for a company (WebMD) that has no unique product, essentially no revenue, and a huge loss. What should MDIX be worth with it patents and potential revenue? If you buy into the rumors the Wellpoint deal would be worth $30 million next year and Humana which has been mentioned as a second MDIX client (and also as a merger partner with Wellpoint) would be worth even more, then that's $60-70 million in revenue per year. Just acquiring that would double Healtheon's projected next year's revenue. Yet the market values MDIX at $13.2 million. Either MDIX doesn't have what it says it has or it keeps secrets a lot better than the Los Alamos weapons lab.

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