basher. I bought in today at .0031. I really do like this company. My
only problem/question is in regards to the O/S. They are about about
max'd out if I am reading correctly. What is your thoughts about
> i agree with you and thank you for posting this info.
> On Nov 8, 2:30 pm, keith <keithkeith2...@yahoo.com> wrote:
> > Great DD from "Sterling" from other board....!!!
> > MDFI**Converts $4M Debt to Equity…
> > MDFI has been strengthening their financials by filing with the SEC
> > that their negative Free Cash Flow for its quarter ended June 30, 2009
> > was $(38,049), a 93% improvement over the year earlier same quarter
> > when Medefile International generated $(555,586) in negative Free Cash
> > Flow. Medefile International has generated fourteen consecutive
> > quarters of negative Free Cash Flow. Free Cash Flow for the most
> > recent quarter also reached a four year high.http://finance.paidcontent.org/freelunch/action/linkout?URL=http%3A%2...
> > That 93% improvement is setting the stage for some very nice growth. I
> > think what jumpstarted this growth was the Debt Conversion below:
> > MedeFile Materially Strengthens Balance Sheet Through Equity Financing
> > and Debt Conversion Totaling $4 Millionhttp://www.bio-medicine.org/medicine-news-1/MedeFile-Materially-Stren...
> > MDFI received $1.95 Million in Net Cash Proceeds from three separate
> > private placement transactions of restricted stock and warrants and
> > converted $2.1 Million of Debt into Equity.
> > Conversion Valuation from Private Placements #1 & #2:
> > $1.79 million for 11.9 million restricted shares of common stock.
> > Below is the Conversion Valuation of this Debt to Equity Conversion:
> > $1,790,000 ÷ 11,900,000 shares = .15 MDFI Share Conversion Valuation/
> > Worth
> > Conversion Valuation from Private Placement #3:
> > $160,000 in gross proceeds from the private placement of 1.1 million
> > restricted shares of common stock. Below is the Conversion Valuation
> > of this Debt to Equity Conversion:
> > $160,000 ÷ 1,100,000 shares = .145 MDFI Share Conversion Valuation/
> > Worth
> > MDFI reported in a previous filing that the Company's largest
> > stockholder and primary creditor has converted $2.1 million in debt
> > into 14 million restricted shares of Medefile's common stock, thereby
> > reducing the Company's indebtedness to the stockholder from
> > approximately $3.04 million to approximately $940,000. Below is the
> > Conversion Valuation of this Debt to Equity Conversion:
> > $2,100,000 ÷ 14,000,000 shares = .15 MDFI Share Conversion Valuation/
> > Worth
> > In connection with the conversion, the stockholders mentioned above
> > also received warrants to purchase more than what was earlier PR-ed,
> > but in their filings of an aggregate of 8.4 million, 6.6 million, and
> > 560,000 restricted shares of the Company's common stock at a price of .
> > 60 per share. Further details related to these debt conversions above
> > may be found in the Form 8-Ks and other filings filed below:http://knobias.10kwizard.com/files.php?alld=ON&sym=mdfi&Submit=Go
> > In Summary:
> > Now for me, I think the reason they decided to give MDFI the Private
> > Placement deals above was because of them seeing in MDFI what I think
> > we see in MDFI for being very profitable for growth as explained in
> > detail within the post below:http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42731415
> > For the amount of money and prices given for the Debt to Equity
> > Conversions and Warrants issued, somebody definitely believes in MDFI
> > and where it is going. The belief was strong enough for millions of
> > dollars to be given to the company in exchange for shares valued at .
> > 15 per share. The belief was also strong enough to where they believed
> > that MDFI will be worth some number greater than .60 per share to
> > where executing their options on their Warrants to buy MDFI shares at .
> > 60 per share would have been doing so under the premise that .60 per
> > share is considered a discount and not a premium for where it is
> > believed where MDFI will end up at.
> > Those are some big ”ifs” explained above for MDFI to execute their
> > business objectives, but with having 14 consecutive quarters of
> > Negative Free Cash Flow, I would have to say that they are definitely
> > doing something right and are on their way.
> > Even if you compensate for the previous Outstanding Shares (OS) amount
> > back then during the times of the Debt to Equity Conversions of
> > 205,771,410 shares to the current OS of 909,670,000 shares, you get a
> > divisor of…
> > 909,670,000 (current OS) ÷ 205,771,410 (old OS) = 4.42
> > From above…
> > The MDFI Share Conversion Valuation/Worth from Private Placements = .
> > 15
> > So…
> > .15 ÷ 4.42 = .0339 per share
> > So based on the Debt to Equity Valuations, MDFI is fundamentally and
> > logically worth far more than .0339 per share in the eyes of those who
> > valued MDFI to give them the millions of dollars to pay off their $4
> > million debt. I say far more because those conversation prices were
> > agreed upon because those prices were considered given as a discounted
> > price versus at the premium.
> > I think it’s just a matter of time as the public is not going to have
> > a choice except to notice MDFI as they begin to release more of their
> > achievements.
> > v/r
> > Sterling- Hide quoted text -
> - Show quoted text -
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