MDM - (mercyless deception masters) are in fine form.
every qtr they form a part of there qtr reports with commentary and the infamous SUBSEQUENT EVENTS. If you go back to each prior qtr you will find that they have incoming monies that didn't make it into the current qtr but it's in the bank for the next but 3 mths later when the next qtr is released this money is nowhere to be seen. latest example is in the subsequent events of the 3rd qtr there was quote" for the quarter to june 2006 will show a inflow of funds of more than $500,000" but now that the figures are out receipt from customers is $33,000.
You can go back to every previous qtr and find the same thing as well as in the latest qtr with a heap of dosh to appear in the next qtr (an ongoing loop)
The asx were onto this and for some time made MDM release monthly reports to try and combat the deception.
do your own research
One thing is certain - they have no respect for their shareholders and blatenly lie. Alot of previous disgruntled shareholders have left and fresh holders have arisen including THE DAY TRADER from news limited papers. He bought in at 26.5c and has a stop of 24c and is hoping for a rise to 40c and then 50c.
It will only happen with excitement from their oldies homes and not the medical devices which do not sell.
MDM - Mercyless Deception Masters
MDM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
