Medis Technologies Ltd. (MDTL)

JDSancho (97.24) Submitted: 6/20/08 3:25 PM : Start Price: $3.61 MDTL Score: 41.68

Fifth go-around on this terrible company. I just wrote a pitch for MDTL last night...woke up this morning and the stock was down 28%. Maybe someone thought I was right! Share dilution and bad business model...I have to give myself credit for nailing this one over and over again.

My original pitch, less than 24 hours old, but the facts remain the same...

I'm not completely sold that this company actually sells a real product. If this fuel cell 24/7 thing is real, it's certainly something people don't want. I know I wouldn't buy it. I think a spare battery accomplishes the same thing.

Ok, let's say it's real. No one is buying said product. $400k in sales and no earnings = not getting my investment money. 34% short interest says I'm not the only one with these feelings. 38M shares outstanding is abnormally high for a company with a mkt cap of under $200M (they've been issuing shares like crazy over the past two years).

Fourth go-around on collecting underperform points on Medis. Nothing really holding me back from maintaining a solid red thumb on MDTL.

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