I have spoken to someone who is buying shares of MedLink International. He says that he is having a hard time buying because Market Makers keep playing around with the Bid/Ask. When he gets some shares they immediately move the Bid up and even Down. Kind of weird.He also says that he has spoken with Ray Vuono and Vuono says he is bringing on additional help to collect Account Receivables and speed up the time it takes to turn A/R into Cash. Vuono told him that right now it is taking 90 - 120 Days to make those collections but he plans to speed that up.
The Investor says that he has a lot more shares to buy now that he is happy with Ray's comments. He likes the space that MLKNA is in and believes the company can do quite well. His plan is to begin telling his friends about MedLink and he anticipates that he will bring in more buyers.
It is this investor that has been buying up shares the past few weeks.
Nice to see MedLink finally getting back up to the $1.00 level as many of us have been under water in our cost basis with the shares being so low.
Hopefully the 10-K will bring in some good reasons for investors and institutions to go Long and/or increase their holdings.
I know Vuono wants to see MedLink on NASDAQ as he has personally told me so but the company needs to get things moving forward on the share-price, IMO, to make that happen.