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I see big things for HCRE! keep on watch for sure
Great vision....ahead of the trend! Could be well positioned if played right.
it caught my eye today, will be interesting to see how HCRE plays out,
Crypto currency play indeed! Great combination... Health Records, Blockchain and ETH.
This seems to be happening quietly. No hype. In this world it means there is usually really something here!
$HCRE
did anyone happen to catch the new for HCRE today, potential crypto currency play here!!!
HEMCARE HEALTH SERVICES INC
Symbol U : HCRE
Recent Sedar Documents
HemCare Health Services Appoints Telecom Veteran Daniel G. Cullen as Chief Technology Officer
2017-09-20 08:00 ET - News Release
HemCare Health Services Appoints Telecom Veteran Daniel G. Cullen as Chief Technology Officer
LAS VEGAS, NV--(Marketwired - Sep 20, 2017) - HemCare Health Services Inc. (OTC PINK: HCRE) is pleased to announce the appointment of Daniel G. Cullen as Chief Technology Officer. Mr. Cullen will be responsible for HemCare Health Services technology strategy and execution. In this capacity he will lead the company's engineering and software development team and spearhead the company's new technology initiatives in the application of Blockchain technology. Mr. Cullen will report directly to John Wilkes, CEO of Hemcare.
https://www.stockwatch.com/News/Item.aspx?bid=U-i1320928-U%3aHCRE-20170920&symbol=HCRE®ion=U
This baby is soooo under the radar please keep things quite I'm trying to build a large position (500,000 shares). Dont want to pay over .25 per share. about halfway there.
Another 50,000 shares off the table,can't get this puppy for less than 20 cents now. Can't wait for the big boys to join in.
Medical Technology Company tons of up side, long and strong. They had a set back with the hemorrhoid deal but they got back all the shares and are moving forward with the medical tech play. I think it will be more valuable then the ass deal.
Another day of nothing but buys,the float is fewer by 25 thousand and is already tight as a drum,this will run hard and fast when it goes.
Be careful with this company; not sure of the owners. They have changed a lot in the past year. FYI
Market makers are trying to make us believe otherwise but float here is LOCKED. Anybody look at level 2? This stock will shoot up quickly with any good news
Someone is buying this up and they seem to be trying to do it quietly. But it appears it is so tightly held that it is hard to do so. It has been a little longer than 2 weeks but quickly none the less.
I sure have, been holding for years.
Anybody noticed this stock has quadrupled in 2 weeks
Website is very professional and user friendly. As a pharmacist I can tell you in my humble opinion that as long as the privacy rules are followed,using a cloud to store patient info will save money and this stock will soar. I think more shares will be retired and the float is locked on this one. This is a no brainer that will go to a dollar once revenue starts coming in. Love the free rx discount card,they help a lot of people on my profession: those uninsured,those with tremendous deductible they will never meet and those whose medications are not covered by their insurance plans. The company gets a commission every time their card is used,adding to the revenue stream. I see $1 a share in 6 months,get it now because it is going up 40% a day.
Hopefully the new regime will honor to some degree the purchased SCAM shares. From what ive read...there seems to be a positive trajectory with the new leadership.
If they were the shares that were part of the James and Michael Cao scam , than you have 2 options 1. contact the company and see if they will take them back for a lesser amount of valid shares or 2. use them as a place mat
WHAT TO DO RESTTRICTED SHARES????????
You might want to check out the leadership of this company. Do we really know who is running it!?
Thank god for the leap. I appreciate they moved into the HIE business as apposed to the Ultroid scam that Cao's and Jade are a part of.
The stock has went up 600% since this happened. I am more than cool with it!
So HCRE went from a medical device company to an health information management company? Seems rather a large leap.
Records Bank Launches Free Medical Record Storage and Scan-on-demand Service for Health Care Providers
April 5, 2017 Las Vegas NV - Records Bank, a division of HemCare Health Services Inc. (OTC: HCRE) is pleased to announce the launch of its Free Medical Record Storage and Transfer program for health care providers.
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As health care providers migrate from paper charts to electronic medical records (EMR), a legacy of inactive paper charts stays behind. Most of these charts remain inactive until ultimately destroyed at the end of their retention schedule. While the information contained in each chart is still vital, managing the paper is cumbersome and expensive.
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RecordsBank.org offers a solution; we remove paper records from any clinic in the United States and store them in our secure warehouse. In most cases, medical records are stored free of charge - a fee applies only when a chart is requested. To streamline the record request process, an automatic chart scan based on upcoming patient appointments is also available.
Records Bank health information management staff can administer all aspects of your medical records.
Securely store, retrieve and deliver your charts.
Request through a simple to use web portal or;
fully automate scan on demands to upcoming appointments.
Convert your paper charts to an electronic format (pdf, tif, etc.).
Manage the entire release of information (ROI) process.
Fully compliant with all HIPAA regulations and guidelines.
Save Valuable Space and Money
Lease rates in medical buildings are expensive, yet much of the space used in a medical clinic is devoted to storing paper medical records. Space needed to store medical records, particularly archived/inactive charts, often expands into exam rooms, off-site mini-storage and other valuable workspace. With the migration to EMR, the paper chart is becoming an expensive and cumbersome legacy of outdated management practices.
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At Records Bank, we scan medical records into a digital format that can, in most cases, be attached to a patient's EMR. By utilizing a scan-on-demand method, rather than back-scanning all archived paper charts, Records Bank will greatly reduce your cost of converting to an EMR.
As an extension of your HIM staff, Records Bank manages all aspects of the release of information process. Relevant information is retrieved from the existing paper and/or electronic file. The retrieved information is consolidated and converted into one digital file (PDF or TIF). The file is scanned by character recognition software, which enables the reader to search by keywords for fast retrieval.
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Let Records Bank lighten your busy workload and save your practice valuable time and money. Contact us today to learn more: https://www.recordsbank.org/health-care-provider or call us at Tel. +1-(702)-796-6363
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About Records Bank
Records Bank is a cloud-based PIPEDA and HIPAA compliant network of Providers and Record Requestors. Utilizing a secure, centralized system for patients, lawyers and insurers to securely retrieve and access medical records. To learn more and request your records today please visit www.RecordsBank.org.
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About HemCare Health Services Inc.
'A Seamless Exchange of Health Information'
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS operates a single unified platform enabling the ability to request and retrieve medical information and records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Through RecordsBank.org, the Company offers an easy-to-use online portal to our centralized system for patients, lawyers and insurers to retrieve and access medical records 24 hours a day, 7 days a week.
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Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
HemCare Health Services Inc.
www.HemCareHealth.com
Tel. +1-(702)-796-63
HCRE article on Bloomverg:
https://www.bloomberg.com/press-releases/2017-03-30/health-care-application-advancements-focus-on-cost-effective-administrative-solutions-for-data-protection-and-medical-record
Health Care Application Advancements Focus on Cost Effective Administrative Solutions for Data Protection and Medical Record Processing
The health care services industry is in the midst of a technological
revolution, as innovators introduce advanced technology to consolidate and
simplify medical records for patients and other parties. The implementation of
a wide range of analytic data solutions that include software, hardware,
business consulting and intelligence, data storage and integration and more,
aims to reduce cost and administration. Health Care stocks with recent news
developments of note include: HemCare Health Services Inc. (OTC: HCRE),
athenahealth, Inc. (NASDAQ: ATHN), Allscripts Healthcare Solutions, Inc.
(NASDAQ: MDRX), WebMD Health Corp. (NASDAQ: WBMD), Cerner Corp (NASDAQ: CERN).
HemCare Health Services Inc. (OTC: HCRE) "the Company" is pleased to announce
the launch of RecordsBank.org, a centralized system for patients, lawyers and
insurers, to retrieve and access medical records online, 24 hours a day, 7
days a week. The medical record bottleneck, despite the widespread
availability of secure electronic data transfer, most Americans' medical
information is stored on paper-in filing cabinets at various medical offices,
or in boxes and folders in patients' homes. When that medical information is
shared between providers, it happens by mail, fax or-most likely-by patients
themselves, who frequently carry their records from appointment to
appointment. Management believes that our centralized online portal can
greatly improve the completeness of patient's records, (which can have a big
effect on care), as past history, current medications and other information is
jointly reviewed during visits.
For patients and third-party requestors, obtaining paper medical records is a
costly proposition with frequent status calls, slow processing times, and high
administrative and scanning costs. The RecordsBank portal eliminates many of
the inefficiencies of paper-based release of information practices and clears
the bottleneck, creating a fluid exchange of information. Read this entire
release and more for HemCare Health at:
http://marketnewsupdates.com/news/hcre.html
A low cost - easy to use online solution - RecordsBank.org, is an easy to use
online portal to our centralized system for patients, lawyers and insurers, to
retrieve and access medical records 24 hours a day, 7 days a week. RecordsBank
is a cloud-based PIPEDA and HIPAA compliant network of providers and record
requestors. Utilizing a secure platform, providers can securely exchange
records electronically with third-party requestors. Health care providers with
proper authorization can also share records with each other.
In other industry related developments in the Health Care market:
athenahealth, Inc. (NASDAQ: ATHN), a leading provider of network-enabled
services and point-of-care mobile applications for hospital and ambulatory
providers nationwide, continues to grow the athenahealth® marketplace, to
support clients in optimizing care and achieving peak performance. Healthcare
providers from small private practices to the country's largest health
systems, long for access to consumer-friendly applications that improve bottom
lines, relieve painful administrative burdens, and ultimately impact patient
care.
Streamline Health Solutions, Inc., provider of the Looking Glass® platform of
integrated solutions, technology-enabled services and analytics supporting
revenue cycle optimization for healthcare enterprises, today announced a new
reseller agreement to provide its Looking Glass®, abstracting and physician
query software solutions to Allscripts Healthcare Solutions, Inc. (NASDAQ:
MDRX). These solutions enable Allscripts clients to optimize their coding
processes, manage resources more effectively and enable reporting in support
of greater results.
WebMD Health Corp. (NASDAQ: WBMD), the leading source of health information,
just made it easier for consumers to get answers to their health-related
questions. Beginning earlier this month, users of Amazon Alexa devices can now
ask questions about health-related topics, including conditions, drugs,
medical tests, side effects, symptoms and treatments. In response, WebMD will
provide physician-reviewed, medically appropriate answers in plain, accessible
language. "WebMD is committed to providing consumers with health information
that they can trust, whenever and wherever they need it, and voice represents
a promising new communication channel," said WebMD Chief Executive Officer
Steve Zatz. "We're happy to be working with Amazon, to increase access to
trusted health care information."
Maury Regional Health recently selected Cerner Corp (NASDAQ: CERN), a global
leader in health care technology, to implement an enterprise-wide electronic
health record (EHR) system, across its three hospitals and more than 25
outpatient facilities. The Cerner system will displace MEDITECH® in the
hospital setting and NextGen® Healthcare in the ambulatory facilities. This
year, the health system's 255-bed Maury Regional Medical Center, the largest
medical center between Nashville and Huntsville, was ranked No. 1 in Tennessee
by CareChex®, for overall hospital care in the area of medical excellence.
HemCare Health on Wall Street Journal...
https://www.wsj.com/articles/PR-CO-20170330-910316
BIG NEWS JUST OUT!!!
Hemcare Health Services Launches RecordsBank.org - A Centralized System for Patients, Lawyers and Insurers to Retrieve and Access Medical Records
Mar 30, 2017, 08:00 ET
LAS VEGAS, March 30, 2017 /PRNewswire/ --
HemCare Health Services Inc. (OTC: HCRE) "the Company" is pleased to announce the launch of RecordsBank.org, a centralized system for Patients, Lawyers and Insurers to retrieve and access medical records online, 24 hours a day, 7 days a week.
The Medical Record Bottleneck
Despite the widespread availability of secure electronic data transfer, most Americans' medical information is stored on paper-in filing cabinets at various medical offices, or in boxes and folders in patients' homes. When that medical information is shared between providers, it happens by mail, fax or most likely by patients themselves, who frequently carry their records from appointment to appointment. Management believes the centralized online portal can greatly improve the completeness of patient's records, (which can have a big effect on care) as past history, current medications and other information is jointly reviewed during visits.
Benefits for Patients and HealthCare Providers
Appropriate, timely sharing of vital patient information can better inform decision making at the point of care and allow providers to avoid readmissions, medication errors, improve diagnoses, decrease duplicate testing and even reduce cost and administration.
For patients and third-party requestors, obtaining paper medical records is a costly proposition - with frequent status calls, slow processing times, and high administrative and scanning costs. The RecordsBank portal eliminates many of the inefficiencies of 'paper-based release of information' practices and clears the bottleneck creating a fluid exchange of information.
A Low Cost - Easy to Use Online Solution
RecordsBank.org is an easy-to-use online portal to the centralized system for Patients, Lawyers and Insurers to retrieve and access medical records 24 hours a day, 7 days a week.
RecordsBank is a cloud-based PIPEDA and HIPAA compliant network of Providers and Record Requestors. Utilizing a secure platform, providers can securely exchange records electronically with third-party requestors. Health care providers with proper authorization can also share records with each other.
Addressing a $7 Billion a year problem
In national terms - across the U.S., hospitals spend more than $7 billion annually on customer intake. More than $7 billion, before any sort of medical procedure is done; before a patient even steps out of a waiting room, representing an incredible amount of time and money spent on intake administration.
Per physician - despite the adoption of electronic health records (EHR) and health information exchanges (HIE), providers are still mailing and faxing paper records because they have no PIPEDA or HIPAA compliant method to exchange records electronically with these third-party requestors. A recent study found that the current method of exchanging patient health information is estimated to cost a single clinician practice $17,160 per year.
RecordsBank aims to remove these substantial burdens both on an administrative and financial basis. People or firms simply use the secure online request form, pay a small service fee and RecordsBank retrieves, digitizes and stores the records. At this point the requesting client can access the record globally 24 hours a day - 7 days a week to view it or transfer it securely. In fact, clients can upload any new records to consolidate and keep all of their records securely in one place.
To learn more and request your records today please visit http://www.RecordsBank.org.
About HemCare Health Services Inc.
'A Seamless Exchange of Health Information'
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS operates a single unified platform enabling the ability to request and retrieve medical information and records while meeting all of today's Security and Compliance demands for HIPAA, PIPEDA and PHIPA. Through RecordsBank.org , the Company offers an easy-to-use online portal to its centralized system for Patients, Lawyers and Insurers to retrieve and access medical records 24 hours a day, 7 days a week.
HemCare Health Services Inc.
http://www.HemCareHealth.com
Tel: +1-(702)-796-6363
James Cao is a registered real estate agent in Florida. So they are not hard to find!
I hope you guys bought stock in the open market and not from those slippery guys. I am so happy the new CEO of HemCare HealthServices "HCRE" got rid of those flakes.
The new management brought the filings current, issued great news cancelling over 71,000,000 shares so far and retired the debt. Pretty damn awesome so far. Now they seem to be creating a Health Information Exchange which is one of the hottest markets right now
Hopefully we get some more news soon. The float is so small this could fly up to... ???
With the sale of Ultroid Marketing to Diamond Jade International anything left will be almost zero. Cao is not to be found. There is no product at this point.
If you bought them from the Cao's or any of the Ultroid nominees like Tom or Jazz or Michael Cao's family and nominees you are not going to be happy for sure.
You should email the CEO at info@hemcarehealth.com and see if he can offer you some help. But if you bought them from the people or entities above you might have to go after them for your money back.
You would have been better off, and still would, be better off going into the open market. At .06 and all these shares getting cancelled this could get very interesting!
And with out a doubt, the Health Information Exchange market is massive.
Where does that leave shareholders of HCRE that legitamitley purchased there shares with hard earned cash????
Can we find out our HCRE stock certificates are valid.
HemCare Health Services Retires 71 million shares - Retires Debt - Strengthens Balance Sheet
2017-03-27 08:00 ET - News Release LAS VEGAS, March 27, 2017 /PRNewswire/ --
HemCare Health Services Inc. (OTC: HCRE), "the Company" is pleased to announce the retirement of more than 71 million shares of its common stock and the retirement of substantially, all of its debt.
Share Retirement
Management reached a settlement agreement to have 71,140,000 shares of its common stock returned for cancellation and rescission. The settlement agreement was with 7 individuals and companies, who were in possession of the Company's common shares. These individuals and entities received these shares from the nominees of Ultroid Marketing Development Corp, following its May 19, 2015 agreement to licensed perpetual rights and acquisition of Ultroid Marketing Development Corp's products and the trade name 'Ultroid System' to the Company.
Under the terms of the Agreement, the Company will stop its legal action and refrain from taking other such actions that may harm these shareholders and entities and provide a final release from liability.
Seeking Additional Share Retirement
The Company still believes there to be more than 28 million common shares outstanding that in the opinion of management, have been transferred and/or acquired without proper consideration and under questionable circumstances relating to this transaction with Ultroid and its nominees. The Company has placed a "Stop Transfer" on these shares with its Transfer Agent and will continue to pursue all remedies for the legal order, to cancel these shares and to recover costs and damages in doing so.
In addition to the 28 million shares the Company has placed a stop transfer on, it is also seeking to recover and retire an additional 58 million shares of its Common stock. If successful, this would represent a total of 158 million shares retired or approximately 58% of the company's previously outstanding shares. Although there can be no assurance in our ability to successfully retire these shares, management is committed to working to this end. Management expects to announce more details on this in the near future.
Retires Debt - Strengthens Balance Sheet
In the 1st quarter of 2017, management retired more than $280,000 in debt or essentially retiring all but $50,000 of its debt. As part of the settlement agreements, more than $30,000 of principal and interest related to an alleged Convertible Promissory Note signed by the Company's previous Chief Executive Officer was eliminated. The forgiveness and cancellation of this note removes all convertible debt and protects the shareholders from increased dilution, by having removed all forms of convertible instruments currently outstanding.
During the period the Company also reached an agreement with its 9% Secured Promissory Note holder, to retire $250,000 of outstanding principal & interest by way of the issuance of 12,500,000 restricted common shares of the Company. As part of the agreement the note maturity date was extended to January 26, 2018 for the approximately $50,000 balance.
About HemCare Health Services Inc
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS is creating a single unified platform enabling the ability to request and retrieve medical information & records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Learn more by visiting http://www.HemCareHealth.com
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
Media Contact:
HemCare Health Services Inc.
http://www.HemCareHealth.com
Tel. +1-(702)-796-6363
NEWS OUT!!!!
HemCare Health Services Retires 71 million shares - Retires Debt - Strengthens Balance Sheet
2017-03-27 08:00 ET - News Release LAS VEGAS, March 27, 2017 /PRNewswire/ --
HemCare Health Services Inc. (OTC: HCRE), "the Company" is pleased to announce the retirement of more than 71 million shares of its common stock and the retirement of substantially, all of its debt.
Share Retirement
Management reached a settlement agreement to have 71,140,000 shares of its common stock returned for cancellation and rescission. The settlement agreement was with 7 individuals and companies, who were in possession of the Company's common shares. These individuals and entities received these shares from the nominees of Ultroid Marketing Development Corp, following its May 19, 2015 agreement to licensed perpetual rights and acquisition of Ultroid Marketing Development Corp's products and the trade name 'Ultroid System' to the Company.
Under the terms of the Agreement, the Company will stop its legal action and refrain from taking other such actions that may harm these shareholders and entities and provide a final release from liability.
Seeking Additional Share Retirement
The Company still believes there to be more than 28 million common shares outstanding that in the opinion of management, have been transferred and/or acquired without proper consideration and under questionable circumstances relating to this transaction with Ultroid and its nominees. The Company has placed a "Stop Transfer" on these shares with its Transfer Agent and will continue to pursue all remedies for the legal order, to cancel these shares and to recover costs and damages in doing so.
In addition to the 28 million shares the Company has placed a stop transfer on, it is also seeking to recover and retire an additional 58 million shares of its Common stock. If successful, this would represent a total of 158 million shares retired or approximately 58% of the company's previously outstanding shares. Although there can be no assurance in our ability to successfully retire these shares, management is committed to working to this end. Management expects to announce more details on this in the near future.
Retires Debt - Strengthens Balance Sheet
In the 1st quarter of 2017, management retired more than $280,000 in debt or essentially retiring all but $50,000 of its debt. As part of the settlement agreements, more than $30,000 of principal and interest related to an alleged Convertible Promissory Note signed by the Company's previous Chief Executive Officer was eliminated. The forgiveness and cancellation of this note removes all convertible debt and protects the shareholders from increased dilution, by having removed all forms of convertible instruments currently outstanding.
During the period the Company also reached an agreement with its 9% Secured Promissory Note holder, to retire $250,000 of outstanding principal & interest by way of the issuance of 12,500,000 restricted common shares of the Company. As part of the agreement the note maturity date was extended to January 26, 2018 for the approximately $50,000 balance.
About HemCare Health Services Inc
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS is creating a single unified platform enabling the ability to request and retrieve medical information & records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Learn more by visiting http://www.HemCareHealth.com
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
Media Contact:
HemCare Health Services Inc.
http://www.HemCareHealth.com
Tel. +1-(702)-796-6363
More buying and big bids have ben appearing. Something is going on and I take it to be very good!
I see new market makers bidding this now. Offers incredibly light on Level 2!
Buying on no news. Something is brewing!
Not a big surprise. These Cao characters are something else. I am hopeful the new CEO of Hemcare continues to retire shares and build the business.
According to the new release for Ultroid and Dragon Jade International there is a purchase agreement pending. Looks like the purchase agreement is pennies on the dollar from previous notifications to Ultroid share holders.
https://finance.yahoo.com/news/dragon-jade-signs-exclusive-option-153000100.html?soc_src=mail&soc_trk=ma
The 8k was well received. Shares up over 200%.
Appears the company is getting the shares back from Ultroid and the Cao's. Also seems to be some people holding out on the share return. I guess there will be some litigation. Dumb fight as not a broker on the planet would take shares from this deal that were linked in anyway to the Cao's and Ultroid. It is not worth the liability to them and the firm they work for. If the Company gets a court order to cancel the shares and the holder has already sold them, the broker would have to go into the open market to purchase them back, regardless of the price. Because if this liability no one will clear and sell them. What a waste of legal money and time. I guess the market also knows this hence the stock price jump.
HCRE 8K just filed!!!
Item 1.01 Entry into a Material Definitive Agreement
On January 31, 2017 HemCare Health Services Inc. (herein “The Company”) reached a settlement agreement to have 71,140,000 shares of its common stock returned for cancellation & rescission. The agreement also cancelled over $30,000 in The Company’s debt and interest related to an alleged Convertible Promissory Note signed by The Company's previous Chief Executive Officer. The forgiveness and cancellation of this note removes all convertible debt and protects the shareholders from increased dilution by now having removed all forms of convertible instruments currently outstanding. Under the terms of the Agreement The Company will stop its legal action and refrain from taking other such actions that may harm these shareholders and entities.
The settlement agreement was with 7 individuals and companies who were in possession of The Company’s common shares. These individuals and entities received these shares from the nominees of Ultroid Marketing Development Corp following its May 19, 2015 agreement to licensed perpetual rights to use Ultroid Marketing Development Corp’s products and the trade name “Ultroid System as described in The Company’s May 22, 2015 8K filed with the Securities & Exchange Commission.
The Company still believes there to be more than 28 million common shares outstanding that in management's opinion have been transferred and or acquired without proper consideration and under questionable circumstances relating to this transaction with Ultroid and its nominees. The Company has placed a “Stop Transfer” with its Transfer Agent and will continue to pursue all remedies for the legal order to cancel these shares and to recover costs and damages in doing so.
Also on January 31, 2017 The Company reached an agreement with its 9% Secured Promissory Note holder to retire $250,000 of outstanding principal & interest by way of the issuance of 12,500,000 common shares of the Company. As part of the agreement the note maturity date was extended to January 26, 2018 for the approximately $50,000 balance.
While management was successful in restructuring its debt and eliminating all convertible instruments there can be no assurance of its ability to meet future obligations or in its ability to obtain a court order and or costs and damages in recovering the shares discussed herein.
I recently spoke with someone at Ultroid; apparently they are still working on the Ultroid Recall. Hopefully this will satisfy the FDA. They have a new manufacture facility listed on website. Still very unsure as to the final solution. Dragon Jade Intl. stock price is down significantly.
Maybe old news here but Michael Knox and Michael Cao's linked-in pages indicate they both no longer work for Ultroid.
Knox list 'CPA' as his profession- 'formerly of Ultroid'.
https://www.linkedin.com/in/michael-knox-48611829
Cao current status is 'Serial Entrepreneur' Grrr.
Also this latest DGJI/Ultroid report indicates Ultroid's value was severely discounted further.
http://ih.advfn.com/p.php?pid=nmona&article=73681300
-Angry Ultroid Investor
"Closed the deal"? You seriously believe this? Michael Cao and his brother are under investigation.
I hear James Cao who in his spare time pretends to be a real estate agent in Florida is about to go down for embezzlement. These guys are real class acts.
Michael Cao illegally distributed HCRE shares to a number of unsuspecting people. Unfortunately they are about to have to start spending money defending lawsuits. Or of they knowingly participated in his scheme they may also be facing other more serious problems.
I know this to be true as I know one of these victims. They are signing a settlement agreement and returning the shares to avoid these actions.
It's after the first of the year. They have either closed the deal or perhaps not there anymore. I'm going to check it out.
Just what I posted here. I think the Ultroid people are running for the hills.
No new news on Ultroid recall. Notice that this stock has gone down since the recall. Is there anyone who know anything??
BEWARE! Scam Alert!
Notice the MOU with Ultroid as announced in May 2016. Ultroid and its chairman James CAO already did a similar deal with Hemcare Health Services OTC: HCRE who's President at the time happen to be his brother James Cao. James Cao is actually a real estate agent in the Tampa bay area with absolutely no medical experience in the slightest.
A couple years later despite MOU's with doctors and climic's, the company has NO SALES and NO CLINICS!
But James Cao has had millions of shares transferred secretly to his wife. This was never disclosed. Don't believe me? Ask him. So has Michael Cao and James Cao. In fact Michael originally had 100 million shares issued to his nominees Jaswinder Singh and Tom Krutulis, and then distributed them as per Michael Knox and Michael Cao's directions. These shares were spread out amongst many people Cao and Knox already swindled on this deal. These people are primarily in the USA and in Hong Kong. Perhaps this is why he has made so many trips to HK in the past couple years!
Even with all this prepping for insider dumping, James CAO did not meet the legal requirements of issuing 8K's about Default and demand notices, 10 Q's or even notice of late filings.
That deal stinks and I am sure this one will too!
BUYER Beware!!!
Ultriod is a fraud. The FDA has charged Michael Knox and I assume Michael Cao by now.
I hear the feds are looking into money laundering arrangements whereby these people took payment to hide the true identity of the beneficial owners:
Karen Knox
Jaswinder Singh
Tom Krutulis
And both the wives of Michael and James Cao.
It appears there were securities violations, income not declared to the IRS and even ackks of embezzlement. My sources have never let me down before. So this is highly credible.
Should be entertaining to watch unfold.
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