EVERYTHING THAT MATTERS ABOUT MDHI - THE REST IS JUST NOISE:
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.
