Re: 8/17/01 - [MEDC] Background for "Spurious Chat Room Rumors and Attacks" press release
James Donegan, Chairman and CEO of The Med-Design Corporation, and the Company's largest individual shareholder, is not, never has, nor will he in the future collar or otherwise sell any derivative/hedged position on his holdings in The Med-Design Corporation. None of Mr. Donegan's stock holdings are or ever were hedged or collared by Bank of America or any other financial institution. Furthermore, Mr. Donegan has not sold any Med-Design stock since November 2000 when he exercised a warrant. The Company has authorized its outside attorneys to attempt to identify the author of said libelous statements and institute appropriate legal action.
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MEDC longs be scared, be very scared
by: Mr_Pink_esq
Long-Term Sentiment: Strong Sell 08/17/01 10:24 am
Msg: 3601 of 3805
Message 16223346
Mr. P$nk initiates t3/f
Mr. P$nk
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MEDC, article in Forbes:
forbes.com
Needling
Since new federal guidelines last year required hospitals and clinics to use safer medical devices, investors have gotten pumped about the prospects of Med-Design (Nasdaq: MEDC). The company has developed new versions of hypodermics and other needles aimed at minimizing accidental pricks. Med-Design licenses its wares to medical suppliers for royalties.
So far, Med-Design isn't racking up the business. Much of its paltry revenue has come from a deal with Becton Dickinson. Over the past 12 months Med-Design lost $3.2 million on $2.7 million in revenue.
While the stock is down $9 since its July high, Med-Design at $33 is still double what it was in January. Stephen Worthington, analyst at Barbary Coast Capital Management in San Francisco, thinks the tumble is just beginning.
Short it and cover at $20. --Christopher Helman
Message 16223725
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Re: Institutions own 73% of Float!
by: Mr_Pink_esq
Long-Term Sentiment: Strong Sell 08/20/01 06:29 pm
Msg: 3673 of 3807
Gruber & McBaine 429,800 $11,690,560
Aren't these the knucklehead that owned over 1 million shares of Polymedica before that company crashed?
He sure hope you find that tid bit comforting. Have great night's sleep because in you dreams is the only place MEDC will succeed!!!
Mr. P$nk
Posted as a reply to: Msg 3643 by kd5semediaonenet
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* Note: PolyMedica's stock was halted on 8/21 "after dozens of FBI agents raided the company's Port St. Lucie, Fla., offices." (see: siliconinvestor.com
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Misleading claims by Med-Design Mgt.
by: Mr_Pink_esq
Long-Term Sentiment: Strong Sell 08/20/01 10:58 pm
Msg: 3679 of 3807
While Med-Design was eager to announce on June 1, 2001 “Med-Design Enters Co-Promotion Agreement with Abbott Laboratories to Market Safety Pre-Filled Syringe to Global Pharmaceutical Industry,” the announcement neglects to mention when that product may be available. Med-Design and Retractable Technologies independently confirmed that any pre-filled syringe product is at least 24 months away. Med-Design anticipates completing negotiations by the end of 2001, and product development and manufacturing design can each take 8 to 12 months. Thus, while revenues seem imminent, any possible royalty stream is still three years away. Compounding the clouded visibility of near-term revenues is the fact that Med-Design’s primary retractable syringe patent dated 1989 expires in 2006. According to both Tom Shaw of Retractable Technologies and Laurie Hernandez of Abbott Labs, Retractable Technologies is also developing a pre-filled syringe product that will compete with the Med-Design product and Abbott is anxious to market. Abbott representatives disclosed to Retractable Technology one day prior to Med-Design’s press release that the Med-Design deal was an inconsequential agreement. Finally, if Abbott was serious about the pre-fill safety syringe market, the agreement would have been signed through an entirely different division for Abbott’s proprietary drug portfolio.
Posted as a reply to: Msg 3672 by ghannazs
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Look for facts
by: j8k3
Long-Term Sentiment: Strong Buy 08/20/01 08:51 pm
Msg: 3676 of 3807
If the shorts are making any of you guys nervous, I suggest that you visit the home sites of BD and Medm. The 4/4/01 news item on the BD site speaks of the BD autoguard developed in cooperation of medc quoting Bill Marshall "... we are very excited about this addition to our line.." Gary Cohen in the same press release states "Additional devices using spring based technology are expected to be launched in the future." From the medm web page Mark Kraus "Based upon simulated studies conducted by a number of Twin Cities physicians the needle retracted flawlessly.."I suggest you visit these sites yourself. The shorts with the cute screen names have harped on insider selling and patent life. William Gibson CFA lists sixteen patents owned by medc with the oldest dated june 13, 1989 and the latest being jan. 30, 2001 (I believe there have been two more since then.)Patent protection was not a problem for him when he reiterated his strong buy opinion in response to Shaw's letter. Don't let the shorts take you out of the stock, keep two things in mind first, for every seller there is a buyer and even accounting for day -trading and double counting someone is accumulationg a great deal of stock. Secondly, short sellers will eventually be buyers looking for sellers. Thank you and good luck. By the way has anyone seen evidence of selling by the largest single shareholder in medc? Please don't try to tell me that just because he exercised options perhaps because they were to expire or to establish a date for his holding period this indicated that he was a seller.
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Re: Look for facts
by: calchead 08/20/01 09:44 pm
Msg: 3677 of 3807
Yes I have seen an indication. The short interest was caused by donegan "collaring" his position. CHeck out this URL ecompany.com ... here's a quote "The research does show that steep stock run-ups tend to happen before, not after, an executive puts on a collar, and that stock volatility tends to increase after collars are put in place."
Or this one from THeStreet.com thestreet.com ..."No insider signal is 100% predictive, but over the years, we have detected a strong correlation between the use of such hedges by corporate insiders and near-to-intermediate weakness in the corresponding stock prices."
It's very simple...This is how you can make money, short the stock when the CEO puts on a zero cost collar. By the way, you longs should sue this companies pants off - you were take for a ride!
Posted as a reply to: Msg 3676 by j8k3
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Re: Look for facts
by: evil_shortie2001
Long-Term Sentiment: Strong Sell 08/21/01 03:09 am
Msg: 3681 of 3807
How do you know Donegan collared his shares?
Posted as a reply to: Msg 3677 by calchead
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Re: Look for facts
by: calchead 08/21/01 09:09 am
Msg: 3686 of 3807
A freind of mine at Bank America told me that donegan was in the market for a collar deal several months ago. THen the short intereest started popping up, and its a pretty easy assumption.
Posted as a reply to: Msg 3681 by evil_shortie2001
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Where's the beef?
by: Mr_Pink_esq
Long-Term Sentiment: Strong Sell 08/20/01 10:59 pm
Msg: 3680 of 3807
When asked directly about current products in the marketplace, Med-Design CFO Lawrence Ellis claimed that the company already had an IV Catheter product in the marketplace. This seems impossible given that the company booked zero revenues in the second quarter of 2001. Tom Shaw, CEO of Retractable Technologies, went on to state “Nobody has ever seen [the IV Catheter product].” In an 8K dated July 21, he states “Med-Design still has zero products, manufactured by them or others, on the market.”
Mr. P$nk
All statements are the opinion of Mr. P$nk and presented here for entertainment purposes only
Posted as a reply to: Msg 3679 by Mr_Pink_esq
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MEDC is lying.
by: shorting_medc_to_zero 08/21/01 02:47 pm
Msg: 3724 of 3807
They claim that the "collar" post "negatively impacted the performance of Med-Design stock."
Whoever is responsible for that statement, whether it is the CEO or someone else, is a reprehensible liar. You know damned well that the post in question has not caused the recent slide; if anything, it is the Forbes mention that caused it.
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James Donegan: Bring it On!
by: Mr_Pink_esq 08/21/01 05:01 pm
Msg: 3754 of 3807
Your pathetic press release makes Him want to laugh and cry. Laugh at your rather pathetic and amateurish attempt to defend your deflating stock and cry that He has less than 1 million shares short in this turd.
Mr. P$nk has actually been sued twice (Mr. P$nk did not pay a cent in either case) and threatened once in His efforts to share his wisdom with the wretched and subservient flock. Another company threatened litigation.
The names of these companies and the results of the litigation or threat are:
Data Race currently trades at 8, cents not dollars. settled for no money
Hitts Galore changed its name to Diamond Hits productions and trades at 4, not dollars, not cents but tenths of a cent. Dismissed with prejudice.
First Plus Financial threatened litigation but had the good sense not to sue. It's level? lucky 13 (cents)!
You seem to be in great company, Jimbo.
Mr. P$nk speaks the truth and has made statements that are either a fact or expression of opinion. Moreover, He, in His infinite wisdom, employs a battery of libel and free speech attorneys and litigators who are very familiar with the intimidating tactics of managements of overvalued and desperate companies with their backs against a wall.
So, why don't you take one of your retractable syringes, not that you made one sale in the last quarter, and fill it with something good and relaxing or perhaps get a prescription of medicinal marijuana and take a bong hit.
Otherwise, if you plan to include Mr. P$nk in your ill-conceived threat of litigation, He urges you to familiarize yourself with California's Anti-Slapp laws and libel law in general.
Remember, Litigation is the sport of kings, one in which Mr. P$nk is well versed and has an unblemished record. Also you may want to keep in mind that Mr. P$nk's empire is vast and sprawling, His resources virtually unlimited. You sadly sit at the helm of a company with no sales and little remaining cash. In your own SEC filing you admit:
"If licensing revenues are insufficient to support operations, we are unsuccessful in negotiating additional agreements, or we are unable to otherwise obtain funds a required, we may be required to reduce the scope of, or cease, our operations." Sounds like you better conserve your cash, boy.
But you might not have to initiate such action against Mr. P$nk, He suspects that the class action attorneys are studying the same statements that were exposed in the RVP 8k and are probably contacting shareholders that suffered as a result of those damages as He speaks.
Imagine what fun it will be to subpoena the records of ex-Sr. VP Design, Thor Halseth and ex-Sr. VP or R&D Michael Botich and to interview them under oath about their departure followed by massive stock selling.
Imagine how much fun it will be to subpoena Becton Dickinson employees and to learn the exact nature of your contracts and to learn their real intentions.
Please Jimbo, please sue Him. Otherwise, please shut up and generate one dollar in sales. Just one.
Mr. P$nk
Posted as a reply to: Msg 3748 by the_tin_zyborg
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Remember First Plus and Dan Phillips
by: Mr_Pink_esq
Long-Term Sentiment: Strong Sell 08/21/01 05:04 pm
Msg: 3755 of 3807
Both are bankrupts and had treatened to sue an internet poster, just like Donegan.
FirstPlus Financial Says it Found Trader Manipulating its Stock
9/14/98 12:13 (New York)
FirstPlus Financial Says it Found Trader Manipulating its Stock
Dallas, Sept. 14 (Bloomberg) -- FirstPlus Financial Group
Inc. said it has identified a trader who it alleges has
manipulated its stock.
Dallas-based FirstPlus, which specializes in loans of as
much as 125 percent of a home's value, said it has ``identified
an individual connected with an investment fund that. . . has
systematically utilized and disseminated false and misleading
information about the company over the Internet,'' the company
said in a statement, and is ``reviewing its legal remedies.''
The company didn't identify the trader or investment fund,
and company executives weren't immediately available for comment.
A spokesman for the Securities and Exchange Commission, John
Heine, declined comment on the company's statement.
FirstPlus earlier this month said it is talking with
potential buyers about selling the company, since its cost of
funding its business got too expensive.
FirstPlus rose as much as 8.8 percent, or 1 3/8, to 17.
Shares recently rose 7/8 to 16 1/2.
--Juliana Ratner in the New York newsroom (212) 893-3377 /daa
mr. P$nk
Posted as a reply to: Msg 3754 by Mr_Pink_esq
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