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EverydayInvestor said it all
No earnings or cash flow to speak of, no real operations, etc. Also, non-current assets have been in decline while non-current liabilities have risen. This is a short to zero.
Everyone else is doing it...
I mean come on!
You always have to wonder when you look at a company worth $250M and notice in its SEC filings that it only has one employee. Must be nice to be CEO of a company worth a cool quarter-billion, until you remember that you have to be the janitor too.Beyond that, the company's real problem is cash flow. Life insurance policies can take a long time to pay off, and in the mean time this company is just burning through money.
100% agree with fellow members this is a scm and will come down one day, it may take an year but it will be there.
There's nothing that justifies this kind of run.
Everyone who tried to underperform so far has been burned by this nonsense stock. This time I think I got it at its peak. Even though I see people are still buying for some reason.
Easy pick for bad stock.Was up on a 52 week high from a 10point jump in the last month or so. Expect it will go back down to trading around 16, or lower. Just not it's time to be a company yet. But glad to have it for the points on the ride down
wow this is an easy pick
Let's have a poll. Which do you think will happen to Maxlife first:A. They are investigated for securities fraud.B. They are investigated for insurance fraud.C. Their stock price collapses and they eventually go bankrupt without the SEC ever batting an eyelash.D. They eventually buy GEICO off of Warren Buffett.
Just stumbled across this one. Not exactly sure what the business pitch is here. It seems like if you are terminally ill, Maxlife will pay you some sort of payment in exchange for you life insurance policy. I don't know how someone would make a business case out of this but I guess there are screwier business schemes in the world.
It's about time for market correction.
Maxlife Fund Corp. (MXFD.OB) is up 1200% since July '07. That's 700 times its book value.Filings list nil revenues, losses and very few employees.Why the zooming stock price?Says MaxLife boss Bennett Kurtz, "There are things happening."
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