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Biotech / Medical : A Luxury Resort for the ill -- Medical Resorts Intl.TRAC -- Ignore unavailable to you. Want to Upgrade?

To: rock who wrote (990)	1/25/1999 11:02:00 AM
From: swot	Read Replies (1) \| Respond to of 1126

Rock, I'll agree with you on the fact that there are different contexts of high risk investment, and there is such a thing as a "good" high risk investment. However, MDRE no longer falls under this category in my portfolio. As far as the Vancouver clinic goes, are you 100% certain that they have actually purchased it already? Or have they only signed an agreement to purchase? Do you know where it's located? If so, where is it? If not, why not? If they did in fact construct a Toronto clinic and decided not to proceed at the last minute, what are they doing about recouping all or some of the loss from their investment into this clinic? I'm sorry but I just don't think that chelation clinics are giving MRI some kind of leading edge that they couldn't get with other pre existing clinics. They could have bought existing labs or medical clinics that had an established flow of clientelle and steady revenue in which they would install dialysis chairs for greater revenue and profitability. Why did it have to be chelation? From what Rob told me, his profits on chelation is very small but they're buying it to absorb the cost of building a new clinic. Well now my question is, what was the cost of constructing a new clinic and what is the cost of taking over the Vancouver chelation clinic and how much will it cost to put a dialysis chair into it and how many chairs do they have room for and how many chairs are they planning for and when and how are these costs going to be entered into their books and how is it going to effect their bottom line and how long before it's all said AND DONE??? From my experience with the company so far, I suspect that something else is going to come up that prevents this stock from making it's way out the stables and into the race - yes, I see it as more of a gamble than an investment. I have not been a short term investor in this company - 18 months now - and if it had risen up to the high .30's or .40's by now, It would have paid off, but it hasn't. Personally, I think it's due to a lack of confidence in the management - it's definitely not because of a lack of profitability or the stock might have been delisted from it's unlisted listing a long time ago. IMO, people just don't trust the manageability of the company. In any case, I do have a bit of gambler in me - otherwise known as my emotional side. And it's because of this that I have left 50,000 shares invested. My logical side told me to sell the majority of my holdings and invest into something with a much more competent management team. I've got a company that I'm going to check out today, in fact. If you'd like, I'll let you know who they are and direct you to the thread so you can hear what others say about it. That's all for now, Marty