Medical Care Technologies Inc Stock Price, News & Analysis

Medical Care Technologies/Infinite Auctions (MDCE) reported significant growth in Q3 2024, with total assets reaching $1,358,467, a 251% increase from Q3 2023's $386,920. Revenue surged by 2,158% to $249,011 in Q3 2024 from Q2 2024's $11,035. The company achieved a notable turnaround in net operating income, posting $99,697 in Q3 2024 compared to losses in previous quarters ($19,682 in Q3 2023 and $24,775 in Q2 2024). CEO Marshall Perkins III attributed the performance to disciplined growth and operational excellence.

Medical Care Technologies Inc. (OTC PINK: MDCE) / Infinite Auctions has announced a strategic plan to reduce its outstanding share count, starting with a 200 million share reduction in Phase One. CEO Marshall Perkins aims to return shares to treasury through multiple initiatives. As part of this shareholder-friendly approach, Perkins has voluntarily reduced his proposed salary from $250,000 to $85,000, allocating more resources to inventory flips.

The company plans to raise capital through a Reg A offering to fund key business initiatives, including auction advances, inventory, marketing campaigns, and participation in national collector conventions. The proceeds will also be used to hire qualified staff and eliminate all interest-bearing debt. MDCE expects these moves to enhance its bottom line and drive sustainable growth while maintaining open communication with investors.

Medical Care Technologies Inc. / Infinite Auctions (OTC: MDCE) has announced a strategic partnership with Gotta Have Rock and Roll, a leading auction house specializing in music and entertainment memorabilia. This zero-cost partnership aims to expand Infinite Auctions' presence in the $492.6 billion collectibles market.

Key benefits of the partnership include:

• Increased sales leads through combined industry reach
• Enhanced financial flexibility for high-value memorabilia deals
• Expanded industry reach and customer diversity

The collaboration is expected to boost revenues, facilitate larger transactions, and engage new customer segments. Profitable joint deals have already been completed, with more in development. This partnership marks a significant step in Infinite Auctions' strategy for growth and diversification in the memorabilia industry.

MDCE / Infinite Auctions reports a successful 2024 Summer Premier Auction, achieving over $250,000 in sales. This performance demonstrates strong demand for high-quality photo-matched game-used memorabilia. CEO Marshall Perkins III expressed satisfaction with the results, attributing the success to the team's hard work and client trust.

The company is now preparing for its next auction in October 2024, with early consignments already secured. Notably, media ads for the recent auction reached 19 million viewers, significantly increasing registered users. This surge in engagement is expected to potentially boost future auction results and consignments, potentially leading to increased company revenue.

Medical Care Technologies (OTC PINK:MDCE) and Infinite Auctions have announced the upcoming sale of two high-profile multimillion-dollar memorabilia collections. These collections include historic NBA basketball game-used memorabilia, music memorabilia, and historic Americana, with individual items valued between $1,500 and $3 million. Infinite Auctions, experts in auction and private sale consignments, will handle the sale over the coming months. High-value items will be sold directly to high-end collectors and alternative asset funds. CEO Marshall Perkins highlighted the unique opportunity for collectors. Updates and previews will be shared via social media, and more major announcements from Medical Care Technologies are expected soon.

MESA, Ariz., March 6, 2023 /PRNewswire/ -- A jersey worn by LeBron James during the infamous 'Cramp Game' of the 2014 NBA Finals will be auctioned online by Infinite Auctions. This iconic red jersey features the NBA Finals logo and is authenticated by NBA/Meigray Group and Upper Deck. LeBron contributed significantly with 25 points, but the Spurs ultimately triumphed as he left due to cramping. The auction begins on March 26, 2023, and concludes on April 9, 2023. Medical Care Technologies, Inc. (OTC PINK: MDCE) aims to capitalize on the collectibles market through strategic consolidations and acquisitions.

Michael Jordan's game-worn sneakers from the 1983 Pan American Games are set for auction at Infinite Auctions, starting March 26 and concluding April 9, 2023. These size 12.5 Converse sneakers, photo-matched and the earliest from Jordan's career, are expected to fetch up to $500,000. This auction commemorates Jordan's first international gold medal, where he led Team USA with an average of 17.3 points per game. The sneakers were previously owned by a graduate assistant coach from Team USA, who sold them after nearly 40 years. Medical Care Technologies, Inc. aims to capitalize on the collectibles market through strategic acquisitions.