{"id":1128,"date":"2013-04-03T15:14:06","date_gmt":"2013-04-03T15:14:06","guid":{"rendered":"\/?p=1128"},"modified":"2013-04-03T15:14:10","modified_gmt":"2013-04-03T15:14:10","slug":"mediswipe-inc-pinkmwip-down-27-after-annual-report","status":"publish","type":"post","link":"\/articles\/mediswipe-inc-pinkmwip-down-27-after-annual-report\/","title":{"rendered":"MediSwipe, Inc. (PINK:MWIP) Down 27% After Annual Report"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/1MWIP_chart.png\" border=\"0\" alt=\"1MWIP_chart.png\" title=\"1MWIP_chart.png\" width=\"450\" height=\"201\" \/>Yesterday MediSwipe, Inc. (PINK:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MWIP\">MWIP<\/a>) crashed 27% on heavy volume, stopping at $0.034 at the bell. The drop happened on the day the company made its annual report for 2012 publicly available. <\/p>\n<p>Even though <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MWIP\">MWIP<\/a> has been issuing a steady stream of press releases, all maintaining a very optimistic tone about current operations and developments, stock price has declined about 60% in March. The anticipated report didn&#8217;t exactly contain numbers that could lift investors spirits either. Here is the brief number crunch from the 10-K filed yesterday:<\/p>\n<ul>\n<li>$1.8 thousand in cash<\/li>\n<li>$260 thousand in current liabilities<\/li>\n<li>$77 thousand in yearly revenue<\/li>\n<li>$461 thousand in yearly net loss<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MWIP\">MWIP<\/a> logged net loss in 2011 as well, and the number was even bigger due to incurred bad debt expenses. With retail shareholders diluted by roughly 25% in 2012, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MWIP\">MWIP<\/a>&#8216;s outstanding common shares up from from 374 to 466 million, insiders selling on the open market in February and yesterday&#8217;s drop topping it all off, investor confidence may be a bit shaken.<\/p>\n<p>The chart performance of <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MWIP\">MWIP<\/a> can probably serve as indication that putting medical marijuana-related activities on your company&#8217;s agenda is in no way a guarantee for success, as other companies have proven as well.<\/p>\n<p>Stock price seems poised to continue its stroll down the charts, with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MWIP\">MWIP<\/a> opening red today, currently 13% down. Share volume is heavy and even though it&#8217;s still the first hour of the session, more than 4.5 million shares have already changed hands.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday MediSwipe, Inc. (PINK:MWIP) crashed 27% on heavy volume, stopping at $0.034 at the bell. The drop happened on the day the company made its annual report for 2012 publicly available. Even though MWIP&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[88],"class_list":["post-1128","post","type-post","status-publish","format-standard","hentry","category-news","tag-mwip"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1128"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1128\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}