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I’ve come to the conclusion that most people who created wealth for themselves and family did not do it by being average. They created wealth by means or mindset that most people would consider to be crazy. So as you continue to read this blog, just remember that it’s OK to think that I am crazy (that would mean that I am on my way to serious wealth…lol). Your probably not going to believe what I did (or maybe you will). On Thursday (last trading day of 2009) I decided to sell some of my losing investments and buy 620,000 more shares of Medefile International Inc. for a total of 1,000,000 (one million) shares of Medefile International Inc. (MDFI.OB). Yes, you’re right…I am pretty confident about the future of this company since my first purchase of 380,000 shares a couple of days ago.
I’ve already told you all my reasons for deciding to own this company, but you are probably wondering why I decided to go for a million shares. Well…Medefile recently expanded their Advisory Board to include some heavy hitters in the healthcare arena, but most importantly…the political dealings (think healthcare bill that should be passed 1st quarter 2010). I don’t believe that this company is putting together a strong team in order to not make any money this year (doesn’t make sense). I believe that this company knows something that we are not aware of yet, hence they are lining people up so that once “the announcement” (whatever it is) comes out people will know that this company is way undervalue. But before any of that takes place…I have already decided to be in the game before it starts because I do not want to miss the wave.
To give you a good example(this happened this past Thursday) why it’s important to be in the game before it starts, I am going to tell you what happened to shareholders of Clear One Health Plans, Inc. (CCHN.OB). Clear One Health Plans, Inc. experienced tremendous percentage increase of 150%+ on December 31. Why? Well…they where being acquired by PacificSource Health Plans for over 160% of their current stock price. See I this news came out Wednesday night (after the stock market had close) and I knew that Clean One Health Plans at the time a $9 per share company would be over $24. But the sad thing about this realization is that I knew that I would not be able to get in fast enough to realize the whole 160% gain and I was right because the next day the stock price opened over $24. The people who benefited most where the shareholders because they were already in, they where already in the water when the wave came.
In the same light, the wave is coming for Medefile and I have my feet heavily planted in the water (if that’s possible) with a million shares. Most people will tell me that this is a risky move for a penny stock company that has not made any profit since it started business, that this is all speculation, that you can’t make money in penny stock companies. These comments only fire me up to prove them wrong like I did once before last year with Spongetech. With the government focused on healthcare, we are in a healthcare market right now and any company that positions it self in a good way will benefit tremendously in the next 4 years (and maybe longer).
Ok Chiko, I get the point, stop trying to sell me on this one(Sorry, I am just excited…does it show?). Well…enough of all this talk, let’s look at the numbers of what could possibly happen and where I see this company in the future. I can totally see this company at $0.01 on just speculation, $0.10 with more contracts, and easily at $1 with major contracts with huge companies or a possible merger/buyout. Wow! This is exciting just looking at the numbers…check this out.
Scenario #1: 1,000,000 shares x $0.01 = $10,000
Scenario #2: 1,000,000 shares x $0.10 = $100,000
Scenario #3: 1,000,000 shares x $1.00 = $1,000,000 (one million dollars!!!! I am sweating bullets right now, can someone hand me a towel?)
See what I am talking about now?(Maybe you still don’t, but time will tell) Let’s just say that 2010 is going to be a great year and this is the time to position yourself in the stock companies of your choosing for a year of GREATNESS! So we’ve come to that moment where I must find out what you think….Am I crazy for buying a million shares of Medefile International Inc. or am I a millionaire waiting to happen?
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Wall Street Journal outlines how healthcare providers can recieve government fund for using electronic medical records (EMR) http://blogs.wsj.com/health/2009/12/30/how-to-get-20-billion-for-using-electronic-medical-records/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Fhealth%2Ffeed+%28WSJ.com%3A+Health+Blog%29&mod=smallbusiness
Comment by chiko777 — January 2, 2010 @ 4:09 PM