Yesterday the market showed consolidation for the share price of MediSwipe, Inc. (OTC:MWIP) stock which may lead to an increase in value today. Though, the company has not issued any news recently to attract attention to its stock. 
MWIP closed the last session at $0.0035 for a share, which represents a 9.37% increase in the share price from the previous day. Trading volume of a little over one million shares was below the average for the past three months, and the small difference between the open and the close combined with some technical indicators suggest that MWIP could increase again today.
Long-term, MWIP has been on a downtrend since the beginning of May 2011, which has been interrupted by a few short-terms spikes in the middle of September when the stock got promoted for a total compensation of $14,500. Since that time the decline continued, although the company tried to issue some positive PRs.
Currently, MediSwipe stock holds a market value of only about $1.36 million and the numbers in the company’s last quarter report do not sound encouraging. The company derives revenues from consulting services, video streaming, equipment sales and certain service agreements. These revenue has nearly doubled on an yearly basis in the three months ended September 2011, however, at the same time the net loss multiplied due to much higher expenses.
In addition, MWIP holds high dilution risks, and this not only because it relies on stock sales to meet its cash needs. Last September, MWIP issued a convertible note in the amount of $25,000 to an investor. The note is due nine months after issuance and is convertible into shares of common stock at a 50% discount to an average market price estimate.
