My Medical CD Reiterated 'Speculative/3' By Investrend Research Analyst Oren Meytes, CFA; Website Now 'Live'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- (Investrend Research Syndicate) My Medical CD (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : MYMC) has been reiterated "Speculative/3" by Investrend Research analyst Oren Meytes, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , in an Update Benchmark research report, saying that the company's retail website is now "live." The analyst stated: The company's financial situation remains difficult. As of Sept 30th, it had only $1,000 in cash opposite $120,000 of short term accounts payable debts plus $329,000 of long term debts to shareholders. Its equity continues to be negative at $(137,000). In August 4th, 2005 the company announced that it had signed a financing agreement with the Nutmeg nutmeg, name applied to members of the family Myristicaceae. The true nutmeg (Myristica fragrans) is an evergreen tree native to the Moluccas but now cultivated elsewhere in the tropics and to a limited extent in S Florida. group that provides $120,000, initially. However, this investment is not reflected in the company's balance sheet, and there is no change in the number of issued shares. It turns out that the transaction had actually been between a shareholder of MYMC and the Nutmeg group and not directly with the company. The Company's web site http://www.mymedicalcd.com is live and functional and allows potential customers to request that a CD be made for them and to pay for it by credit card. The pricing is: Retail price is $49.95 Annual Security Maintenance Fee $24.95 Shipping & Handling $ 5.95 Duplicate CDs obtained for an additional $14.95 ea. The company's web site also lists GHI GHI Group Health Incorporated (HMO) GHI German Historical Institute (Washington, DC) GHI Ghost Hunters International GHI Geohazards International GHI Gustav Heinemann-Initiative as a partner of the company. GHI is an old established HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, in NYC NYC abbr. New York City NYC New York City . It provides health coverage and administrative services to more than 2.6 million individuals, including active employees, their dependents, and retirees. My Medical CD has a co-marketing agreement with GHI whereby GHI will promote My Medical CD's products to its enrollees. The company also plans to target travel agents in order to reach holiday travelers who may want to purchase medical CD's. The full report, including important disclosures and disclaimers, is at http://www.investrendresearch.com and at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company. My Medical CD is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide financial coverage for shareholders in companies that otherwise, would have little or no analyst following. Enrollment fees for Benchmark basic coverage are $21,800 and the fees were paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary Monetary; relating to money; financial; consisting of money or that which can be valued in money. pecuniary adj. relating to money, as in "pecuniary loss. interest, and neither the analyst nor principals of Investrend Research may own or trade in the stocks of companies under coverage. Investrend subscribes to the "Standards For Independent Research Analysts" at http://www.firstresearchconsortium.com and its research is enrolled for investor-monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com). Anyone interested in receiving alerts regarding My Medical CD research should email contact@investrend.com with "MYCD MYCD Myocardin " in the subject line. |
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