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Biotech / Medical : MCAR -- Ignore unavailable to you. Want to Upgrade?


To: zgoodman who wrote (318)4/25/1998 4:14:00 PM
From: Walter Monroe  Read Replies (1) | Respond to of 467
 
Now we are getting somewhere on the issues.

I have talked to a few doctors they tell me that it is common to have multiple medcare type programs in a clinic everything from A to Z. The fact that they can sign up doctors doesnt relate to profits. If it did Medcare wouldnt be at 2.5% of projections they put out previous.

I do not dispute that doctors may like the program. The medcare program may be wonderful that doesnt mean profits. Also I have asked Medcare and here what percentage split do they have with the doctors For some reason they wont answer that question WHY. My doctor said Medcare probely gets very little.

There isnt a business in the world with no competition your kidding yourself on that one. Ask Bill Gates.

Lets look at what Medcare really is forget all the BS that we say to each other.

Medcare is a small company that raised money by selling stock below market price. the people that bought the stock did it because they could make it back by selling stock.

medcare has a medical program that looks good. Obviously they have signed up some doctors to add it to their existing clinics. Just as doctors do with dozens other programs for other medical problems using the clinic as a base.

medcare spends much too much money and time to promote the stock.

The stock has doubled. The business plan however is years behind schedule that 4million is being used more for stock promotion than clinic setup. WHY!

If medcare doesnt begin to show that its system can turn profits the stock will drop to its real value level which right now is no more than 50c.

We deserve answers from medcare not fluff conversations when we call them and they should return phone calls when they know the questions in advance will be tough. We deserve not to be slammed by medcare employees lurking on the Net under false names aka Andrew. We deserve to be treated like adults not children when dealing with this company. I am so disgusted at my treatment over the last few days. When we called medcare I kept getting fluff answers such as I dont know, we cant release that information, If they published sales numbers and only did 2.5% of them why cant they tell us why and how it will get better. Thats not too much to ask from a company. This is not slamming. Slamming is where you post false information, Real information is not slamming. There hasnt been one statement from me that cant be easily proved. However not one person has been able to disprove my comments.

I have been hoping that someone had information I did not. Please if anyone here has anything helpful please post it. So far I been called names and given fluff comments instead of facts. Facts which all equate to one thing medcare is a great company at stock promotion nothing else. How long will that last. My broker confirmed that there is not one reputable firm giving medcare a buy recommendation. they have bought and paid for all the recommendations.

As I look closer at this company I dont like what i see. I know your answer will be .If you dont like it than sell. Well I may just do that on Monday. But I also have other people I got into medcare and I owe it to them to keep digging.

Ask medcare to send you the projections from two years ago and then ask them to explain why revenue per clinic is so low. They cant explain if they could/would I probely never would of started here.