HealthCor Holdings, Inc.

[stayfocused]

I think it's now called Integrated Healthcor Holdings Inc and the new epic is IHCH.OB so it's fully reporting. Initial browsing from the last 10k has the O/S at 137M with an EPS of .15. It seems that warrants are being converted to 70M odd common shares and can be exercised between January 2007 and January 2008 at a price of 0.11. Since the last 10QSB the O/S has increase by 50M so there's at least another 20M shares to be dumped at 0.11 or if after January 2008 for 0.15. Liabilities exceed assets by $46M.

However, with last quarterly net revenues of 13m (52m/annum) let's say worse case scenario of 200m shares outstanding gives an EPS .26 and with a conservative multiple of 10 you can see this is way undervalued. Also take into consideration that the way the future is shaping up healthcare is a 'safe haven' defensive pick.

I'm no CPA and am still learning myself how to read a report so please do your own DD as I may have misinterpreted the info.