Wednesday, May 20, 2015 8:50:41 AM
MDCE - Annotated Chart Targets
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MDCE "significantly undervalued"
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August 26, 2014 –
Medical Care Technologies Inc.
affected a reverse split through a corporate action
that was authorized by the majority shareholder,
Ocean Wise International Inc.,
and disclosed a plan to recapitalize the Company's balance sheet in order to make the Company's common stock more attractive to a broader range of institutional investors and to begin meeting the requirements for an up-list onto the OTCQB.
At the effective time of the reverse stock split,
MDCE's issued and outstanding shares of common stock
decreases to approximately 2,240,328 post-split shares from approximately 2,240,328,328 pre-split shares.
"We believe that Medical Care Technologies Inc.
is significantly undervalued in the market
based on our pipeline of IT solutions to China’s healthcare industry," stated James Lau, CEO of Medical Care Technologies Inc.,
"We are taking the necessary steps to receive a higher valuation, better market support and facilitate the raising of additional capital to support the commercialization of our technologies."
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