Medirect Latino Inc (CE) (MLTO) Quote

Scumbags Charles Hansen & Melissa Rice are at it again.

Just thought I'd drop a note for everyone who got burned here that we weren't the only ones. Check out HYGN, RCYT & DRGZ

You all remember Rice she's the pig attorney that the old management (before scumbag Hansen) fired for being incompetent. I guess that was putting it nicely. No wonder when Hansen got his hands on the company it went under.

http://www.sec.gov/news/press/2012/2012-82.htm

Melissa Rice agreed to disgorgement of $422,445, prejudgment interest of $39,239.18, and a penalty of $60,000 as well as a five-year penny stock bar and three-year prohibition from providing professional legal services connected to the offer or sale of securities.

The SEC further alleges that Charles Hansen III of Lighthouse Point, Fla., succeeded Halperin as HydroGenetics CEO in April 2009 and signed five corporate resolutions authorizing HydroGenetics to illegally issue stock that Rice then used along with her opinion letter to facilitate the scheme.

Charles Hansen agreed to a $37,500 penalty...so far.

Bet he ends up in jail with Rice once the DOJ gets their hands on them.

According to the SEC's other complaint filed in Miami, Sepe and Halperin schemed with Miami-based attorney Melissa Rice and others to illegally issue and liquidate 90 million unregistered shares of HydroGenetics from April 2008 until at least June 2009. Sepe headed a group that purchased convertible debt of a South Florida publicly-held company. He then formed HydroGenetics and parsed out portions of the convertible debt to friends, family, and others who converted the debt to stock that they then sold publicly. Sepe sold HydroGenetics stock without any exemption from registration the securities with the SEC. Halperin was the HydroGenetics CEO and a director. He executed corporate resolutions to help issue millions of shares of HydroGenetics stock, including 11 million shares to his daughter who he told to sell it and funnel a portion of the illegal proceeds back to him. Rice assisted Sepe in converting convertible debt to unrestricted HydroGenetics shares, and wrote four opinion letters improperly opining that the Rule 144 safe harbor was applicable and the debt could be converted to unrestricted HydroGenetics shares. Rice also sold her shares of HydroGenetics stock.

TA is OK, at support the "bottom", I am just wondering about FA, looks lousy a bit...

Technicals look very weak right now.

So who do we think is buying up all those worthless shares of Medirect Latino Inc. and why.....??????? And why would that group be willing to rase the bid from 2 cents to 3 cents when anyone wanting the tax loss would take to 2 cents.

It traded as high as .08

Don't understand that at all.

Dick Milde

I sold 6300 shares this morning at $0.06. Somebody wasn't paying attention.

Any of you who are old Interaxx shareholders that are holding shares in Transferorbit Corporation should be aware that the symbol for this company has been issued (TRBI) it will trade on the PINKS and I would look for trading to start between 12/31 and 01/10/08. The start date for trading is a guestimate. The website is www.transferorbit.biz

Dragan thanks for your wisdom and dilegence.
losses could have been much worse.
I agree this really seemed like a great idea. and the puerto rico trial seemed like a huge Wow,,, and from that and "their national launch back in sept of 2005"

Gawd,,, then all the times they told of a nasdaq,,,

then getting celeb endorsement,,,, seemed like that might be that might be the turning point,,, and Granite coming along and getting a CFO etc,,, seemed like maybe that was it...

and then the change of upper level management...

all seemed like they would be turning points...

oh well,

Thanks Dragan I appreciate your ability to resist temptation.

Zcooler,

Now, we can have post-mortem MLTO analysis...I wish never would happen, but MLTO is almost anything, but dead....No financing, huge debt, possible pending work licence suspension, and/or paying penalty for fraudulent billing....I hope, I am wrong, still believe that MLTO business idea is outstanding...

I have "discovered" MLTO around May 2005, and soon after that got loaded with big position, average price range 1.50-1.90...MM was very difficult to start with, and there were days that I would have to place market buy orders at 500 shares, or less, because MM would fill me like 879 shares on my 1000 market buy order.....

At that point, I was really impressed with MLTO business idea, and even business model ( like pre-IPO trial in Puerto Rico ), and thought they were for real, and only short period of time would be between than and 20 dollars stock price, and plus..., with buyout for "sure" ( possible PLMD, as number one buyer...)

All of this made me big time MLTO "pumper", even one of my friends ( Chris ) had formed MLTO Yahoo group. I was yapping about "best stock ever", till management execution started to suck, and undelivered, and over-inflated promises made me leery....

Is that you who posted about RW ( incl. his mug shots ) on my MLTO blog site, under alias "the ugly truth now"? If that was you, thank you! I had some ideas, but that post convinced me to go and visit MLTO ASAP...

I had some suspicion after stock was pumped to 9 dollars, and after that had steady decline ( thanks to my trading rules I have sold part of may position around 7-8 dollars, although I should have sell all, and convert six digits paper profit to real money, but I was greedy, and I wanted seven digits profit?!!! What a fool! )

After stock price steady decline, I have decided to visit my "best ever company" in Pompano Beach. That was eye opener, while Doubloon, and his side-kick co-moderator, were saying that MLTO is booming, phones were buzzing, and future is "blue sky", all I have found was new building, pretty much looking not many activity around, arm guard in front, and receptionist, and Raymond's secretary telling me that no one was that day available to see me, and no one will be available for the whole week ( after I have mentioned that I will stay in Ft. Lauderdale for a week ). More than anything else telling was clear panic, and fear on their faces....

And at point the real truth hit me on the head, and I went home, and soon after have sold over 70K shares in two days ( 3.30-3.70 range ). As MLTO MM always been "difficult" person, I was sending sell at market price orders every 15 seconds, selling 500 shares lots....You can imagine how long it took me to sell my position, and at one point TD suspended my selling, because I have lost count for how many shares I have sold, and I was trying to sell more than I owned....

This made MM confused, he did not understand what was going on ( he taught probably somebody was trying to drop the price, like shorts attack ), and he was buying all my shares without dropping the price, he even got the price up on the end....I was ready to sell for any price, but MM was holding price up probably been afraid not to trigger lager sell off after more than average daily volume in red...Thank you Mr.MM, that made me to get out with around 20K profit..

As for Doubloon, he is probably not RW himself, but he is very much connected with him, and his Tback Capital. Doubloon himself admitted been involved with some financing deals, and private placement for some of RW penny companies..If I remember correctly Doubloon said, he has continuous pager connection with Tback...I have saved that post, and will re-post it, if anyone interested...He may have sent you that hand-carved box, but I doubt that Doubloon lost any money on MLTO. He is too smart not to see what was going on, and I believe ( although never had a proof ) that he was at the minimum pumping on IH board, and erasing any post that could bring up some evidence about the fraud......So, yes, I could be wrong, but I am convinced that Doubloon was a part of "pump, and dump" action, and he probably sold his position around the pick price...

On the end, moral of the story:

1. never ever trust anyone, but yourself ( thanks Dick for this one )
2. all penny stocks are more than speculative, and many are designed for fraud
3. as soon as you have any reasonable profit with penny stock, get out
4. if the story sounds too good to be true, most likely is not true...
5. three the most important things for any penny stock, or small cap are: management, and management, and management...
6. if you put any serious money in penny stock, or small cap, go and visit them

Good luck, and good health to all of you

Dragan

PS: Zcooler thanks again for your credible posts, objective analysis....I would be very glad, if you accept my already open invitation to join our small closed type investment group....We would like to have one more bright, honest member. If interested send me e-mail at dragan7777777777@yahoo.ca

pinkrock-

I don't think it's fair to call Doubloon an apologist. I think he was simply duped like a lot of us here, and probably lost money like many of us, including me. For what it's worth to the board, I'll tell you that Doubloon is a man of his word, and when the stock went to basicly 0 and the volume to near nil, he did send me the hand carved box we had a wager for....the box cost me $12K, unfortunately.

One important point I would like to make is that these boards should allow for posting of all facts, and opinions, if they can be backed up with compelling evidence.

I posted on this forum Ron Williams Mugshot and details of his previous conviction on about a year and a half ago. The post was deleted by the moderator as it was not good for the stock to have this information posted. At that time, I think the stock was trading around $3, and when I sold most, although I did hold some to $2, and traded it a few times when I got used to it's pattern to reduce my losses. The point is, that new investors might have been able to see that Williams/Tbeck was a con-man, and stayed away. It could have not only saved current investors money by giving them information they would have determined made this stock a sell, but new investors a reason to stay away.

The fact that the posts I made about RW and his criminal background, including his mugshot from the State of Florida's Correctional web-site were not allowed to stay, cost people money, I am sure.

This was a board used simply to pump this stock, and any contrary opinions or evidence that there was something wrong was not allowed.

It's unfortunate, IMO, that IHUB allows their boards to be used by pennypumpers to pump and dump. IHUB is a nest of spammers, scammers and scumbags for the most part, and except for occasionally checking in here on MLTO's demise, I stay away.

Happy Holidays Everyone.

Hey dragan7, where is Ron Williams apologist DOUBLOON? Why isn't he deleting our messages?!

Oh, no, not again.....!

RON WILLIAMS OF TBECK CAPITAL ARRESTED!!

FBI-SEC Action Leads to Kickback Cases

After five separate sting operations involving penny stocks, SEC files civil actions against 7 individuals and 3 firms, while 6 people are hit with criminal charges.
Stephen Taub and Roy Harris
CFO.com | US
December 10, 2007
Federal regulators, targeting five separate schemes that involved penny stocks and alleged kickbacks to a fictitious hedge fund, have criminally indicted six individuals and filed civil charges against 10 individuals or companies they controlled.

The Securities and Exchange Commission said the schemes were uncovered in a Federal Bureau of Investigation sting operation that is part of a recent cooperation agreement between the FBI and the SEC. The criminal prosecutions were conducted by the U.S. attorney’s office for the Southern District of Florida.

advertisement According to the commission, the individuals charged are insiders or promoters of publicly traded companies, and live in Florida, New York, California, or Nevada. The individuals made stock sales to a person they believed to be the manager of a West Palm Beach, Calif., hedge fund, Fillmore Capital, paying the manager illegal kickbacks. In reality, however, Fillmore Capital was not a hedge fund, and the manager was an undercover FBI agent.

"This case illustrates the commission’s ability to work together with criminal authorities in creative ways to uncover fraudulent schemes and to protect our markets," said Linda Chatman Thomsen, director of the SEC's Division of Enforcement.

The SEC charged the following with securities fraud: Rex A. Morden of Henderson, Nev.; William L. Haynes of Palm City, Fla.; Efrim Gjonbalaj of Boynton Beach, Fla.; Mark Foglia of Hypoluxo, Fla.; Virgil G. Williams of Escondido, Calif.; and Vincent Cammarata of New York,and Sean P. Sheehan of Juno Beach, Calif., along with corporate entities Affinity Financial Group Inc. of Henderson, Nev., Real Asset Management LLC of Palm City, and Western Financial Services Inc. of Lantana, Fla.

The individuals charged criminally were Foglia, Williams, Morden, Gjonbalaj, and Haynes, according to a joint announcement by U.S. attorney R. Alexander Acosta and Jonathan I. Solomon, the FBI's special agent in charge for the Miami Field Division. The sixth individual criminally charged was Ron Williams of Miami.

CFO.com's efforts to reach the individuals and companies were unsuccessful.

According to the indictments, an FBI agent played the role of a corrupt manager of an unregulated hedge fund that had been dubbed Fillmore Capital. The six individuals agreed to pay an undisclosed kickback to the fund's supposed manager if the manager got Fillmore to purchase certain specified securities.

The individuals charged also agreed to hide the kickbacks to the manager "through a sham consulting contract," according to the U.S. attorney. The SEC said that all the defendants agreed to pay a kickback, and that with one exception the defendants actually did pay the promised kickback after the hedge fund bought the stock defendants were promoting.

If convicted of all counts, Ron Williams faces a maximum of 20 years in prison and a $250,000 fine on each count. Foglia, Virgil Williams, Morden, Gjonbalaj, and Haynes each face a maximum of 20 years in prison and a fine of $500,000 on each securities fraud count. In addition, Gjonbalaj and Haynes face a maximum of five years in prison and a $250,000 fine on the conspiracy count, and up to 20 years and a $250,000 fine on each wire/mail fraud count.

The SEC is seeking permanent injunctions in the case; an order that Cammarata and Haynes disgorge illegally received gains, with prejudgment interest; and an order imposing civil monetary penalties on all the defendants.

The commission also is seeking an officer and director bar against Virgil Williams and penny stock bars against all the individual defendants.

This is not Haynes’s first brush with federal regulators. The SEC pointed out that Haynes previously was enjoined from further violations of the antifraud and registration provisions of the federal securities laws after he participated in a $7 million offering fraud. In addition, Haynes was previously barred from associating with a broker-dealer based on the entry of the permanent injunction.


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Here is the Article....



6 Arrested Over Plots to Pump Up Share Prices
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By JENNY ANDERSON
Published: December 8, 2007
What began with an undercover F.B.I. agent’s posing as a corrupt hedge fund manager led to the indictments of six people yesterday on charges of fraud in the shadowy world of penny stocks, federal prosecutors said.

A year-long investigation code-named Missed Information uncovered five separate stock schemes, according to the United States attorney’s office for the Southern District of Florida.

In each case, the undercover agent posed as a hedge fund manager at Fillmore Capital, a fake firm created by the F.B.I. in Palm Beach.

The unidentified agent got word out to the penny stock community that he was willing to buy stocks in struggling companies in return for bribes. Prosecutors said he accepted kickbacks from company insiders and stock promoters for buying stocks, some through an online brokerage account, to pump up prices.

The case was brought in conjunction with the Securities and Exchange Commission, which brought civil charges against seven defendants; six defendants were indicted by the United States attorney on criminal charges in the case, the S.E.C. said.

The charges exposed a murky underworld of penny stocks, a longtime staple of boiler rooms running illegal pump-and-dump schemes. Such shares trade over the counter, rather than on an exchange.

In each of the cases, company insiders or stock promoters tried to build support for their share prices by making a deal with the undercover hedge fund manager to buy large stakes of shares. In return, the insiders would pay the hedge fund manager a kickback, usually 25 to 35 percent of the total purchase price, the prosecutors said.

In each instance, the agent insisted he had to hide the transaction from his hedge fund clients — because of a “fiduciary obligation” to them, leading the parties to execute a fake consulting agreement with a fake company, Global Connect Services. “This case illustrates the commission’s ability to work together with criminal authorities in creative ways to uncover fraudulent schemes and to protect our markets,” said Linda Chatman Thomsen, director of the S.E.C.’s division of enforcement.

The five suspected penny-stock schemes were remarkably similar. In mid-April, prosecutors say, Virgil G. Williams, the 59-year-old chief executive of Asgard Holdings, a Nevada-based investment firm, contacted the agent posing as a hedge fund manager and asked him to buy Asgard Holdings shares.

Mr. Williams agreed to pay the agent 25 percent of the price of the transaction as a kickback, the prosecutors said. The next day, Mr. Williams contacted his broker to make sure that the broker accepted the appropriate bid in the marketplace, the complaint says.

The agent told Mr. Williams he had a fiduciary duty to his hedge fund requiring that he hide the kickback. As a result, the complaint charges, the agent and Mr. Williams agreed to set up a fake consulting agreement to hide the bribe.

But then the operation almost went awry. On April 24, the agent and the stock owner talked about the transaction and agreed to the terms, but the next day, the seller said he was uncomfortable with the deal and did not want to do anything illegal. Two days later, Mr. Williams rescinded the offer because he thought he was part of a sting operation, the complaint says.

In late July, Mr. Williams contacted the agent again to do the deal. In August, the agent used an E-Trade account to buy two million shares of Asgard Holdings at $0.015 a share. In the preceding month, only 172,00 shares had been traded.

A few days later, a Florida corporation believed to be controlled by Mr. Williams wired $7,500 to the agent’s fake consulting firm.

In a separate scheme, according to the complaint, the agent entered into a deal with William L. Haynes, a 42-year-old Palm City, Fla., resident and stock promoter, to have the hedge fund buy shares in Environmental Service, a home environmental inspection company.

The agent bought one million shares of the company. Prosecutors said he had agreed to receive a kickback of 35 percent, which included a 2.5 percent kickback to Efrim Gjonbalaj, a colleague of Mr. Haynes who introduced the two.

After receiving a $532.68 payment, Mr. Gjonbalaj returned the money to the agent with a letter saying he did not recall participating in any dealing with the agent, prosecutors said.

Many of the schemes involved individuals with past regulatory infractions. Mr. Haynes was enjoined by the S.E.C. in 2001 in a fraud case associated with a $7 million stock offering and barred from associating with a broker- dealer. A defendant named in the civil suit, Vincent Cammarata, is on supervised release after serving time in federal prison on drug-related charges.

Other criminal defendants include Ron Williams, 57, of Miami; Mark Foglia, 52, of Hypoluxo, Fla., and Rex Morden, 57, of Henderson, Nev.

If convicted, Mr. Haynes faces a fine of $5 million and 25 years in jail while the others face 20 years in jail and potential fines of $250,000 to $500,000.

The other civil defendant is Sean Sheehan.

Lawyers for the defendants could not be reached for comment.

They are probably sitting around reading the Dec 8th copy of the New York Times article about Ron Williams and 9 others geting caught up in an FBI sting for Pumping penny stocks. Looks like Mr. Williams will be geting some pretty serious jail time and fine. This should be a lesson to those who live in greed. Now if we could have Raymond and Debra in the cell next to them my Christmas wish would be answered.

At church praying for a resurrection

Just joking by the way where is everyone at?

PLease DO NOT HYPE this stock. It does not matter if you are just joking or not. This is a VERY HIGH RISK STOCK to invest in and all should do all the due diligence possible before investing.

MLTO up %500 today get in now before it is too late high volume on the traders list as a hot stock.

Happy Thanksgiving to all us TURKEYS who invested in mlto.May we may not be so gobble gobble in our future investments.

Tillyman, what do you mean by
"our money is in their hands"...

Define "our money"...

How can you get control back?

Of course you see I was right a year and a half ago when I started saying something smelled. And as the months wore on, it became obvious this was an exercise in extracting as much cash from the paper issued as possible.

As we wind down to zero, (and Doubloon gets closer to sending me the hand carved wooden box), there is no need to argue any more.

RaT and DebT and C&H are all doing very well. They had free housing, ponies, cars, meals for as long as the ride would last, and there is no doubt they have extracted a lot of cash that's buried under the sand somewhere.

Cheers

tillyman,
The whole reason the banks have control of the company, and they do have control since they are a majority stake holder and can call all the shots, is because Raymond and Debra converted options into shares which allowed Granite to take over the company for next to nothing per the covenants of the note agreement which they signed. So in their feable attempt to wrestle control of the company back, they were too stupid to realize that it would only be for a short time and would ultimately lead to Granite owning the company and dilluting every existing shareholder including them. It's that kind of incompetence that led to the downfall of the company.

It pretty hard to believe that a venture capital firm didn't have the money to pay out to MLTO. The truth is probably that the more they got to know the company, the more concerned they were, and then started looking for loopholes to get out of it. And since the old management did a great job of violating the terms of the agreement, they were able to withhold their funding. (Note, the last paragraph is pure speculation and is not based on any specific knowledge. However, the company releases do show that the company failed to meet reqirements in the note agreement prior to management change.)

tillyman, if there is one thing I have it is integrity. You posted two messages a couple of days ago, I said I would not delete them, and I haven't. I have only been an assitant to this board for a couple of months, so I had nothing to do with any previous deletings and I'm not doing any dancing. I am also not the one calling MLTO a pump and dump. That would be zcooler and dragan7.

So tillyman, keep talking your trash and showing your ignorance. I had a math teacher once with a sign that read,"It is better to be silent and be thought a fool, than to speak and remove all doubt."

I am done dealing with you as you are a past insider of this company and as of today I am done with this board.YOU ARE SO WRONG MISTER.....

Moldme, you're full of BS, if you have any integrity re-post the one you deleted of mine and let everyone see who the liar is! You gutless wonder!

And Arbo99 your the moron who listened to Hansen and posted it as "fact" to hurt all of us. I stand bye my post. Everything I said was true.

You buffoons who 'believe' that the bankers are 'saviors' are dumb as stumps.

From the moment they got involved with the company the stock tanked because they control a brokerage house that has been shorting it ever since. From $3.65 when the company announced they where in talks to $0.04. Our money is in their pockets and Hansen’s.

Arbo99 you moron, look at the charts and argue that for me! Scumbags, the lot of you.

How about some more facts for you to delete:

Granite Creek added board members and short circuited the company to take it over to sell it to a company call Diabetes Care Club in Tennessee which was Rubin Shaws buddies (former Chairman), Talarico found out about it and went to war with them which is why Rubin Shaw quit, but your boy Hansen is such a scumbag he accepted 500,000 extra shares of the company to vote against the founders. And according to my source Hansen did this while Talarico and Towsley where out of town dealing with a new bank to replace Granite Creek so they offer Hansen the extra shares so that the new funding deal got killed. Did your boy Hansen tell you that one? Arbo99 your garbage is ALL lies!

You want more Facts to delete:

The company had been having record months and I’ll remind everyone that the 'saviors' started the battle! Talarico and Towsley hired a new CFO, LeGates and Granite did not have the money to fund the $1,750,000 the contract said they had too. So Talarico went to war with them over it. Hansen sold himself and you all know that.

PUMPING & DUMPING:

I am not fans of anyone in this deal but again look at the FACTS (more for you to delete):

If Talarico and Towsley where pumping and "DUMPING" how come according to the ALL filing and the SEC they STILL OWN ALL OF THE SHARES THEY WHERE RVER ISSUED???? They have NEVER sold one single share and have the very first share they where ever issued. They are the biggest loosers in the deal and Arbo99 your just mad because I was told Talarico fired you when MLTO took over the interax shell. Go ahead deny it!

Arbo99 you boy Hansen has sold plenty…go ahead and ask him.

Moldme1 or whoever deleted my post (since now your all dancing) put my original deleted post back up and let the people on this board decide if your both not simply as bad as you really are!

tillyman, I'm not going to delete your message. I couldn't give a crap what you say about me. Never did I say the company was doing great and was a guarenteed winner. All I said was that the new management appeared to be taking the right step to fix the company. I will still use my Titanic analogy. Just because Hansen wasn't able to save the ship doesn't mean he is responsible for sinking it. That was all done very well by the previous management, which I assume you are one of. Just because you turn on the pumps and start bailing doesn't mean it will be enough. So, thanks tillyman for wrecking the company so bad that the creditors don't trust anyone from the company and making it so that no one can save it.

I refuse to accept your ascertion that I have pumped the stock and am responsible for the losses of others. I stated my opinion and have always said that it was a crap shoot with big upside potential, and total loss potential on the downside. Just because things are going well for the company doesn't mean anything you said in any post is true. I could have posted that the sky is purple so you should sell the company, and that would have no bearing on reality.

Let me set you straight you moron. I have enough shares in this company that could probably gag you (not a bad idea). My shares are 90% restricted till March of 2008. I have never pumped this stock or any other. You have a vendeta for some reason against me and the company. Why don't you bring it to the table like a real human being. I have been at one time in my life SEC licensed and would never do anything to violate those licenses although I no longer hold them as I am not in an industry that would require them any longer. I do not hold malace but imature people such as yourself waste the time of people who try to succeed in this trying society. Medirect Latino was a great business plan taken down the tubes by two greedy people who should have brought in people who knew what they were doing rather then take something that was way over their heads and cover up their mistakes until it got to a point that it hemeraged from everywhere. Both Raymond and Debra in my opinion should be held accountable by each shareholder and individual and organization that put their hard earned money out to support THEIR HABIT and not the company. There is no recourse as the company has nothing so a class action suit is worthless. Now possibly going after individual past management brings up an interesting thought. I hope Granite takes the database and makes a go of the asset they have. I still would like to see the Hispanic community get the service this company was suppose to provide.
Finally my shareholder relations position with Interaxx Technologies has absolutely no bearing on anything at all. You using this as a smear tactic against me I totally resent. It just shows how infintile you are. I had nothing to do with promoting Interaxx or any other company. My position was that of a go between from the shareholders to management. Management preferred that I bring questions or issues to them rather than a shareholder. If I could not resolve the issue or answer the question I WOULD HAVE A MEMBER OF MANAGEMENT WHO COULD CALL THE INDIVIDUAL. You need to step forward and issue me an apology. Or you could continue to show your immaturity. YOU CHOOSE YOUR POISON.
One final thing. As you should be aware I have no leadership position on this board therefore I have no control over deleating any of your messages. Although I wish I did. Hope you take some time before you turn in this evening to look upward and ask for forgiveness.

LeGates quit, did Hansen tell you that? How about the fact that Granite Creek has the medirect deposits from medicare going to an account that they control?
You hear that one?

I have a better one for you, I was told that all the files have been boxed up and shipped to Granite Creek in Chicago and that there is only 10 people left at medirect so Hansen can fool medicare that he is still operating the company.
How about that?

Did he tell you that somebody named Randy Tolcott (?) is really in charge and that he (Hansen) can't even sign a check?

Arbo99 for someone who is so "in the know" you should be ashamed of what you did over the last three months pumping this stock and not being honest so people could sell on real facts not on what your trumped up lies from Hansen where!

Doubloon, Arbo99 & moldme1 cost everyone on this board money!

MLTO was trading between .40-.50, (wk of 9-12-07) and because you deleted my post and the "facts", people who read this board did not have material information that was true so they could make an informed decision about selling or not.

You should all be proud of yourselves.

Hansen played you like the scumbag he is. And Arbo99 you’re screwed so far up his butt when he lie’s it sounds a lot like you. Go on' delete this one too. You make me ill!

Also, did a little digging and you’re (arbo99) a real stock picker – Interexx went bankrupt…and you did shareholder relations? I’ll bet you blamed someone else for that one failing too!

Please do us all a favor and tell us what company’s you like so I can run in the other direction!

Please understand that Medirect Latino Inc is very close to my heart. What you have missed is that the company has agreed to turn over all assets of the company to the creditors. What you have missed is that the company cannot cure the default. What you have missed is that they are funding them till Nov 2oth one week from today. I do not think that Medicare will have an answer by then. Please understand that I have a rather large block of shares and most are still restricted till March of 2008. I do want this company to succeed. I just had to take a portion of my free trading shares off the table as a moral thing to do under these circumstances. At this point I can't even use them as a tax loss.

Bob, What do you see in the report that I am missing. The creditors agreed to not go after the company. That is a positive to me.

I talked to Charlie on the phone, and so far there has been no word from Medicare or the auditors. All companies are going to have some issues with an audit, so it is just a matter of how good or bad the final interpretation is. They were able to dig up a substantial amount of documentation needed by writing doctors and hospitals, etc. Shouldn't we all wait to see if Medicare comes after them before throwing in the towel? It is my feeling that if the company gets by okay from the audit, then the lender will likely open the purse strings. Charlie did not say that, but I get the feeling that it is true.

I do not subscribe to private mail as I only play on this board and the GDTI board. E-mail me at shareholderhelp@yahoo.com I keep this website open for those old Interaxx shareholders that still want to communicate with me from when I ran their shareholder relations dept.

Send me "private" e-mail, we can talk anything....

If I ask a question it is for a reason. If you choose not to answer the question that is also your choice.

The same one you left some time ago....

What is your group!!!!

Bob,

Never had personal "joy" with MLTO going down.....Always been very fascinated with business idea...Sure, learned my lesson long time ago about three most important things for ANY junior company: management, management, and management...

After my visit to Pompano Beach, there was no any doubt about MLTO future....

If you are interested, you may join out group again, with one condition: to be active...Regardless, good luck to you. No hard feeling. Full respect to your honest, and enthusiastic support for MLTO...

Dragan

Well I have started moving shares off the table. I did not like the Friday news release one bit. I am thankful whatever price I get over -0- is a profit. What a waste of a company caused by two people who were very poor managers of our company. Should there be any Medicare fraud involved they better find a large rock to hide under. And it better be well hidden. To Dragan7 goes the spoils.

Just a little humor considering the way things have turned out for MLTO I am holding still and just having a little fun on the board and was curious what happened to the Rita commercial. Thanks.

Sky62 are you Dr. Jekyll and Mr. Hyde. In one post you reccomend buying and in the other you bash. What's the deal?

To answer your question, a commericial was made with one or both of the spokespeople, but the money isn't available to run the commercial at this point.

MEDirect Enters into Forbearance Agreement with Lenders

POMPANO BEACH, Fla.--MEDirect Latino, Inc. (Pink Sheets:MLTO) today
announced that it has entered into a forbearance agreement (the
"Forbearance Agreement") with its Lenders. The company announced in
October that it had failed to make a scheduled interest payment to its
Lenders on Notes outstanding under its Amended Loan and Security
Agreement (the "Loan Agreement"). Principal and accrued interest
outstanding on the Notes is $6,097,058 and $137,183, respectively.
Under the Loan Agreement, the company has pledged all of its assets as
Collateral.

Under the terms of the Forbearance Agreement, the company acknowledged
that it has defaulted on its interest payments under the Loan
Agreement, and the Lenders have agreed to forbear from exercising their
rights and remedies pursuant to the default until November 20, 2007, or
earlier, at the discretion of the Lenders. The company is unable to
cure the default. In addition, the Lenders have advanced an additional
$300,000 to the company to allow it to continue its operations while
both the company and its Lenders explore strategic alternatives. The
Forbearance Agreement provides that the company will fully cooperate
with the Lenders in connection with any efforts to dispose of some or
all of the Collateral pursuant to the Uniform Commercial Code.

The company has reduced its staff to approximately 27 employees, and
continues to reduce its operating expenses as it and the Lenders
explore various options.

The company also announced today that Mr. James LeGates, its chief
financial officer, is leaving the company, effective immediately. Mr.
Robert Lautz, a nominee director of the Lenders, resigned from the
board on October 29, 2007.

Is Rita Moreno still with MLTO along with some other comedian,I can see nothing but a bright future for this small growth company early investors will be heavily rewarded,buy now while it is low or average down on your losses,I guess we can call MLTO one hot tamale.

Does anyone know if Rita and Chi Chi tamale are still promoting this garbage MLTO turned out to be the biggest burnt tortilla for investors I should have invested in tamales would have got a better return.Please do not delete, this is not bashing there is a question here along with humor ,bashing MLTO is not allowed we are all serious investors who got involved with a speedy Gonzales mexican jumping bean company.

Someone is buying up a lot of shares over the past week and this week. Interesting wonder if they think they know something we all don't. My money goes with they don't. My thoughts are it all hinges on what Medicare decides to do with the mess Raymond and Debra created.

As each day goes by I am hoping that Medicare does not find any fraud in the investigation they are currently doing. It looks as though the company is dodging a bullet as far as missing the interest payment to its lenders. If they get by the investigation with just a slap on the wrist (I may be dreaming) we still could have a very viable company. If there IS fraud involved we could very well kiss this whole thing goodbye. It would be a real shame if previous management was that greedy to cause a real disaster. Let's hope not.

CONRAD2

You have no clue what it was like working for Raymond and Debra and until you do your comments are just so out of line that you are making an ass of yourself. I've been there just as a consultant so I can't imagine how tough it must of been having to respond to those two clowns. You see when you reach a certain age you will mature enough to understand. When you own a business or manage very high up in one you will also understand better. I give Charlie all my support at this time and even I am not totally convinced he will be able to clean up the disaster made by previous mis management. Keep in mind Raymond and Debra ruled with the concept that it gets done their way or you see the highway. You could be in their office sipping Scotch tonight and have a pink slip on your desk inthe morning when you came to work for something you were not even involved in. Yes he could of left but he like the rest of a small group are still believers. That's it enough time wasted on you.........

Hansen was there the entire time this thing was off course...
And did he call for resignations,,, NOPE
did he look at the books last year and say,,, Something is a miss? NOPE.

Nope he too is a bad investor hoping for a buy-out...

DRAGAN, Myself, and Mike Pringle had brains... Dropped our ego, and took gains and losses. The gain is capital to buy stuff that goes up...

Well the bid is $.15 right now, so you are at a profit or break even position alreay with no additional news.

Dragan, how did you expect the stock price to get to $0.05/share without bad news, yet when that news comes out you change your mind. I knew you were all mouth and no action.

Mr Dragan. you've got to be kidding



you said The only reason I am still "hanging around", is to see if anyone will buy them for nothing, or take them private, and make money with great business idea...

Your hanging around here to glorify your ego because you might be right when every one else might be wrong so you can feel important and say "I told you so"

Give me a break, this company may go bankrupt and it may close the doors but there are some who still believe that the business plan is worth while and will do good things for a segment of humanity... why can you not just move on instead of rubbing chit in peoples faces, you are in the medical trades you know what it means to thousands of hispanics to get their medications, and you were the one that was all buddy buddy with Talarico and his corrupt ways.

This board has turned into an ego play not a place to relay information... and by the way it has no relation to the share price

And as a final note, I may be totally wrong but I took out the .10 and .15 ask on this stock last week, it could be the biggest mistake I made here or it could have lowered my average down enough so I can break even.. Time will tell, but personally I think this company will make it, and I am betting on it.

You on the other hand continually bash anyone who still holds a position in this very precarious company..