Medical Care Technologies Inc Stock Price, News & Analysis

Medical Care Technologies/Infinite Auctions (MDCE) has announced the acquisition of a multi-million dollar inventory of game-used sports memorabilia from legendary athletes. The company's key highlight is a LeBron James 2014 NBA Finals game-worn jersey, initially purchased for $192,000, which was later discovered to be his final home game jersey with the Miami Heat. Industry experts now estimate this item could reach a seven-figure valuation.

The company specializes in identifying undervalued sports memorabilia with significant appreciation potential through their detailed research process. Their current portfolio includes items from notable athletes like Kobe Bryant, Allen Iverson, and Michael Jordan. MDCE operates as an online auction platform focusing on high-end sports memorabilia, collectibles, and investment-grade assets, facilitating both public auctions and private sales.

Medical Care Technologies/Infinite Auctions (MDCE) is expanding its presence in the $33 billion collectibles market through two major initiatives. First, the company is in active negotiations with multiple professional sports teams for exclusive and non-exclusive memorabilia deals, including potential partnerships with their non-profit foundations. Second, the company announced an exclusive autograph auction launching March 1, featuring custom-signed helmets from Tom Brady, Jalen Hurts, and Patrick Mahomes.

CEO Marshall Perkins emphasized the company's strategy of securing high-impact partnerships while delivering premium memorabilia for collectors and value for shareholders. Infinite Auctions operates as an online auction platform specializing in high-end sports memorabilia, collectibles, and investment-grade assets.

Medical Care Technologies/Infinite Auctions (MDCE) has provided a shareholder update highlighting the company's use of Regulation A funding and recent achievements. The company acknowledges concerns about share dilution while emphasizing strategic growth initiatives. Key milestones include initiating a name/ticker change application, adding former NBA player Steven Hunter to the team, securing influencer partnerships, and acquiring significant memorabilia items from sports legends.

The company has already returned over 1.5 billion shares to the treasury to reduce dilution and is considering additional measures, including retiring more shares and pausing dilution once corporate expenses are covered. The company's current winter auction, featuring Michael Jordan memorabilia, is closing soon and demonstrates their focus on high-value items.

Medical Care Technologies/Infinite Auctions (MDCE) has announced the appointment of former NBA first-round draft pick Steven Hunter as Director of NBA Relations. The strategic hire aims to leverage Hunter's extensive professional athlete network, television presence, and experience as a former Phoenix Suns Community Ambassador to enhance both public auctions and private sales operations.

The company expects this partnership to drive profitable initiatives while maintaining a focus on charitable contributions. CEO Marshall Perkins emphasized the alignment between Hunter's basketball connections and community involvement with Infinite Auctions' objectives. The company is currently featuring an auction of historic, game-worn Michael Jordan shoes on their website.

Infinite Auctions (MDCE) announces the auction of what may be Michael Jordan's last game-worn original Air Jordan I sneakers from an NBA game. The historic sneakers were worn during the October 29, 1985 game between the Chicago Bulls and Golden State Warriors, where Jordan suffered a foot fracture that sidelined him for six months.

The red-and-white sneakers, featuring black Nike Swooshes and showing significant game wear, come in sizes 13 (left) and 13½ (right), with early 1985 production codes. The items are authenticated by MEARS and include a wire photo from the game. The online auction runs until February 8th, 2025.

Infinite Auctions, reaching up to 1,000,000 viewers monthly with over $20 million in documented sales since 2016, is hosting the auction exclusively on their platform.

Medical Care Technologies/Infinite Auctions (MDCE) has announced a significant reduction in outstanding shares, cutting them from 3,029,575,220 to 2,029,575,220 by returning 1 billion restricted shares to treasury. This follows a previous reduction of 200 million shares in October 2024.

The company's market cap has decreased from $6,816,544 to $4,668,023 at $0.0023 per share, resulting in increased per-share value. The company notes its inventory value is estimated at nearly double the current market cap.

Additionally, Infinite Auctions is launching an auction featuring rare Michael Jordan memorabilia, including 1985-86 game-worn OG Air Jordan I sneakers, shoes from his 64-point game in 1992-93, and photo-matched baseball cleats. The auction runs from January 8 to February 8, 2025.

Medical Care Technologies Inc. (OTC PINK: MDCE) has announced plans to file a FINRA application for a corporate name and ticker symbol change. The company aims to align its identity with its business strategy and enhance service to investors, customers, and stakeholders.

The new name and ticker symbol details will be revealed in the upcoming weeks after application submission and review. CEO Marshall Perkins describes this as a significant milestone in the company's evolution, emphasizing the importance of aligning their brand identity with their vision for growth.

The company will maintain transparency throughout the transition process and will communicate updates broadly to all stakeholders.

Medical Care Technologies/Infinite Auctions (OTC Pink: MDCE) announces the upcoming auction of Michael Jordan's game-worn Air Jordan IX baseball cleats from his time with the Scottsdale Scorpions. These cleats are the first-ever photo-matched pair from Jordan's baseball career and are expected to fetch six-figure bids. The cleats were authenticated by Real Game Used (RGU) using AI-assisted photo-matching technology. Only about half a dozen pairs of Air Jordan IX cleats from Jordan's baseball career are known to exist, making this authenticated pair particularly valuable for both game-worn memorabilia collectors and sneaker enthusiasts.

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.