WiFiMed Holdings Company, Inc. (fka WIFM)

[ThomesHomies]

?

Common Cents, you said: "BK-7 WifiMed Holdings (WIFM) was included in the Bankruptcy!"

But then you contradicted youself and highlighted:

"WiFiMed, Inc. filed for relief under Chapter 7 of the United States Bankruptcy Code...WiFiMed, Inc. is a wholly-owned subsidiary of WiFiMed Holdings Company, Inc."

Maybe WIFM Holdings filed for BK since they became non-reporting in the summer of 2009...but they didn't do it in conjunction with the 8K you referenced. The SEC filing references WIFM Inc. (subsidiary) not WIFM Holdings (parent company). I don't see anything about Encounterpro (subsidiary) filing BK. Please post if you find anything to the contrary.


The old Q's and K's clearly lay out their (then 3) subsidiary structure - at least as of the summer of 2009. Obviously LOTS could've happened - good and bad - since then.

Here's what their 10Q from the summer of 2008 said:

http://www.sec.gov/Archives/edgar/data/1108088/000116768708000059/wifi10q063008.htm

Business

WiFiMed Holdings Company, Inc. (the "Company"), through its wholly-owned subsidiaries as of June 30, 2008, WiFiMed, Inc, EncounterPRO Healthcare Resources, Inc. ("EncounterPRO") and CyberMedx Medical Systems, Inc.("CyberMedx"), develops and sells electronic health record software, as well as associated services and computer hardware, to medical practices. Effective October 1, 2007, the Company acquired substantially all of the assets of JMJ Technologies, Inc., which assets were acquired by the new subsidiary formed for that purpose, EncounterPRO. Effective February 29, 2008, the newly-formed, wholly-owned subsidiary Cybermedx Medical Systems, Inc. acquired substantially all of the assets of Cybermedx Medical Systems, LLC ("CMS, LLC"). That acquisition did not reach the financial thresholds necessary to require disclosure of the historical financial statements and pro-formas of CMS, LLC pursuant to Article 8 of Regulation S-X. Accordingly, the financial statements represent the consolidation of the financial statements of the Company's two wholly-owned subsidiaries as of December 31, 2007.

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Again, it's been over 3 years since they've been a reporting company, so take all the posted facts from SEC filings with a timely/untimely grain of salt. But the burst of buying in June really caught my eye. Could be something. Could be nothing. But it is interesting.

I'm not hyping or bashing. Only posting facts that are already out there. This could go private in a heartbeat and shareholders get wiped out...or it could be a rebirth of something that never came to fruition 5 years ago.