Followers | 4 |
Posts | 207 |
Boards Moderated | 0 |
Alias Born | 04/24/2014 |
Thursday, April 24, 2014 10:43:30 PM
WHAT MDHI INVESTORS NEED TO KNOW
THE MEDICAL ALARM CONCEPTS IS IN FINE SHAPE.
HERE ARE A FEW ESSENTIAL FACTS:
ONLY 5.5 MM SHARES OUTSTANDING. THIS IS A TIGHT FLOAT AND A SMALL NUMBER OF SHARES PROVIDING A VERY LOW MARK ET VALUE DESPITE THE POSITIVE CHANGES THAT ARE OCCURING:
Management was able to improve the company’s financial performance . You can read the recent SEC filings and the recent press release.. We will all see the improvement in the financials very soon. The Management would not be spending money on the restatements if there will be no future periods to be filed. In fact, several were filed last week.
In addition, the stock split is done. Stock has lost 50% of value since the split; yet the company is doing really well.
Management was able to successfully clean the balance sheet. Most of the debt have been converted and the credit line is now GONE. It already has a zero balance. Management has recently announced that MDHI has reached operational cash flow. With a recurring rev model, this was the apparent result. Customers pay for the service each month.
The CEO also cancelled his credit line balance, which resulted in the reduction of MDHI's debt by over $650K. Management has also hired auditors, lawyers and accountants to move toward fully reporting with the SEC. Pull up the listings to verify.
Management got all warrants and options, and most of the long term debt converted.
On another note, the Management also successfully got the product into Costco . It now has 28 reviews with an average of 4.5 stars out of 5. You can read the reviews at Costco’s website. Or you can Google "costco medipendant" and see for yourself.
Aside from getting into Costco, the Management also got a Chinese company to invest in MDHI. The Management also managed to sign a couple of deals in Europe for the patented product.
Recent WHSI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/20/2024 09:52:36 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 04:04:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:44:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 09:01:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 08:02:04 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/20/2023 08:28:54 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:11:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/28/2023 08:10:15 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM