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TFN Grapevine Update: Why did MedLink (MLKNA) sell off?

Today's Financial News - Posted August 13, 2009

TFN Reader Grapevine Pick MedLink International Inc. (OTC:MLKNA) experienced a steep sell-off yesterday. What’s up with that?

by J. Christoph Amberger

Baltimore, MD — TFN: Our TFN Grapevine tipster Charles D. thought that he’d send us a quick update on MedLink International Inc. (OTC:MLKNA) as it sold off late in yesterday’s session:

“I spoke to the company and all is just fine. In fact, the attitude there was that things are more than fine. I got the impression that they wish they could have put out News today to reassure investors but could not do so. As I have said in the past, my feeling is that they are going through a news-release-process with the organization(s) they are working with and that news will soon come.

“However, they were quite specific in that there is nothing going on at the company that would suggest any reason for selling. It is my opinion that someone just wanted out, needed the money for something, and sold their shares. In my opinion, they will be sorry because I truly believe this one is going to $10+ over this next year. Frankly, I am dismayed that we have not seen any news out of MedLink already. (I expected it in July.)

“But that’s the way it goes…after all, you build a business one brick at a time. I personally am very confident in MLKNA and its future.”


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