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My gut feeling is ETCR will go to zero shortly and then re emerge as another company.
I've seen thousands of forward looking
scenarios in the last 5 years.
Turned out, it was just wishful thinking.
It kept this stock alive all these years, going up and down on rumors.
There is absolutely no indication or even a rumor that
we will land a contract with any State. That the Feds
want to regulate Prescriptions real time, via the Internet,
does not mean in any way that Veriscrip is involved.
Other companies, including Micro Soft, are working on new systems. Our Veriscrip is getting older by the day, even
if it gets updated.
Our CEO, Jamie, is busy running for the 12th District in Lexington, KY. Looks like he is a lameduck CEO, more worried about preserving his rural life style and property rights.
That's the true situation as of today. I wont even go into discussing the stock deal with Scott Haire, or the Reverse Split, or how Tillman got snuffed. If you want to call me a basher over the last 5 years, I'll take that title with pride.
300 million now becomes 3 million in a few weeks. Even with Haire's 34 million shares the float would be 37 million. Still low if the contracts come in. If there are contract Haire would know it and not dump but wait... I think.
That's a great scenerio Hit, I hope it comes to pass.
One thing for sure that we all can agree upon,
66M shares are held by the decision makers, 3M changed hands the last few weeks, that means 30M shares are held by believers!
The last count was several hundred investors here, I don't think it could have gone down that dramaticly.
People are holding here for one reason alone,
the potential success has a HUGE payoff attached.
JMHO
Exciter
Remember SPEA? It had a float of less then 2 million and it ran from .02 to $30 within 3 weeks. After reverse split there will be 3 million shares. What if they release legitimate contract. It will give it a good name. Haire picks up all the sellers shares cause he knows more contracts are in the works. Stock maybe drops a bit but then another contract... next thing you know a whole new investor is coming in not caring about the reverse split cause it's a moot point. They want to know where are we going from here. OTCC? Not a far fetched scenario at all. Haire waits till this become the real deal and with the right contracts longs won't sell and this can go up fast on 3 million shares just like SPEA. Then Haire unloads a couple million shares at 15 or 20 bucks...
Physician's costs were held as the biggest obstacle to implementation. Accessing the necessary computers and software just became easier...
New Regulations to Facilitate Adoption of Health Information Technology
News Release Aug 02, 2006
Federal Health and Human Services Secretary Mike Leavitt today announced final regulations that will support physician adoption of electronic prescribing and electronic health records technology.
"Electronic health records help doctors provide higher quality patient care, improved efficiency and with less hassle," Leavitt said in a release. "By removing barriers, these regulation changes will help physicians get these systems in place and working for patients faster."
Electronic prescribing enables a physician to transmit a prescription electronically to the patient's choice of pharmacy or ancillary provider. It can improve patient safety by decreasing prescription errors due to hard-to- read physician handwriting and communication errors, automating the process of checking for drug interactions and allergies and eliminating duplicative laboratory and diagnostic tests.
Electronic health records technology, when interoperable among health care providers in various settings, offers benefits similar to the benefits of electronic prescribing in terms of reducing medical errors, coordinating care and improving efficiency.
Interoperable electronic health records will allow information to be more portable, said HHS in a release, moving with consumers from one point of care to another. In addition, the implementation of interoperable electronic health records technology is a critical step in achieving secure and seamless information exchange and improving the health care system.
The final rules displayed today by the Centers for Medicare & Medicaid Services (CMS) and the Office of the Inspector General (OIG) create new exceptions and safe harbors to two key federal fraud and abuse laws for arrangements involving the donation of certain electronic health information technology and services.
The CMS rule creates two new exceptions to the physician self-referral law, which prohibits a physician from referring Medicare patients for certain designated health services (DHS) to entities with which the physician has a financial relationship, unless an exception applies. The law also prohibits the health care entity from billing for Medicare services that are furnished as a result of a prohibited referral.
Similar to the CMS rule, the OIG rule establishes two new safe harbors under the federal anti-kickback statute. Arrangements involving the provision of items and services that meet the requirements of the safe harbors are exempt from enforcement action under the federal anti-kickback statute related to electronic prescribing as well as electronic health records systems.
The rules finalize an exception and safe harbor for the provision of electronic health records information that is more expansive than the exception and safe harbor proposed by CMS and OIG on Oct. 11, 2005. The Medicare Prescription Drug, Improvement, and Modernization Act (MMA) mandated exception and safe harbor for arrangements involving the provision of electronic prescribing technology and services were finalized as proposed.
The exceptions and safe harbors establish the conditions under which:
1. Entities furnishing DHS (and certain other entities under the safe harbor) may donate to physicians (and certain other recipients under the safe harbor) interoperable electronic health records software, information technology and training services.
2. Hospitals and certain other entities may provide physicians (and certain other recipients under the safe harbor) with hardware, software, or information technology and training services necessary and used solely for electronic prescribing.
"These final rules will improve care by giving doctors and other health care providers needed support for interoperable health records that enable them to increase quality and improve efficiency," said CMS Administrator Mark B. McClellan, M.D., Ph.D. "Medicare plays a critical role in this important initiative, and we are committed to its success."
Among other conditions, the final rules for arrangements involving the donation of electronic health records technology include a cost-sharing requirement. Recipients are required to pay 15 percent of the cost of the electronic health records technology items and services. In addition, consistent with the president's goal of adoption of electronic health records technology by 2014, the exception and safe harbor protecting arrangements involving the donation of electronic health records will sunset on Dec. 31, 2013.
News Release
ETCR -- Equity Technologies & Resources, Inc.
Class A Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
EQUITY TECHNOLOGIES & RESOURCES INC files Form DEF 14C, Definitive Information Statement
--------------------------------------------------------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14C INFORMATION
(Reg. Section 240.14c-101)
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
Check the appropriate box:
[_] Preliminary Information Statement
[_] Confidential, for Use of the Commission Only (as permitted by Rule
14c-5 (d)(2))
[X] Definitive Information Statement
EQUITY TECHNOLOGIES & RESOURCES, INC.
(Name of Registrant as Specified In Its Charter)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[_] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1) Title of each class of securities to which transaction applies:
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
4) Proposed maximum aggregate value of transaction:
5) Total fee paid:
[_] Fee paid previously with preliminary materials.
[_] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
2) Form, Schedule or Registration Statement No:
3) Filing Party:
4) Date Filed:
--------------------------------------------------------------------------------
EQUITY TECHNOLOGIES & RESOURCES, INC.
325 WEST MAIN STREET, SUITE 240
LEXINGTON, KENTUCKY 40507
August 4, 2006
Dear Stockholder:
This Information Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to the stockholders of Equity Technologies & Resources, Inc., a Delaware corporation (the "Company"), in connection with the previous approval by unanimous consent of the board of directors of the Company (the "Board of Directors") on July 20, 2006 to adopt and implement (a) a 100:1 reverse stock split of the Company's Class Common Stock, and (b) an Amended and Restated Certificate of Incorporation. The enclosed Information Statement and Notice of Stockholder Action fully describe these matters.
Notice is hereby given that the above matters have been adopted by written consent, on July 21, 2006, of holders entitled to vote a majority of the aggregate shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") of the Company, representing approximately 66% of the aggregate shares of Class A Common Stock entitled to vote, in accordance with Delaware General Corporation Law. Accordingly, all necessary corporate approvals in connection with the matter referred to herein have been obtained and this Information Statement is furnished solely for the purpose of informing the stockholders of the Company, in the manner required under the Securities Exchange Act of 1934, as amended, of this corporate action before it takes effect.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS. There will not be a meeting of stockholders and none is required under the Delaware General Corporate Law because the corporate action has been approved by written consent of the holders of a majority of the outstanding shares of Class A Common Stock
Thank you for your support.
Sincerely,
James K. Millard, President & CEO
2
--------------------------------------------------------------------------------
EQUITY TECHNOLOGIES & RESOURCES, INC.
325 WEST MAIN STREET, SUITE 240
LEXINGTON, KENTUCKY 40507
INFORMATION STATEMENT
AND
NOTICE OF ACTION TAKEN WITHOUT A MEETING
August 4, 2006
This Information Statement and Notice of Action Taken Without a Meeting, hereafter this "Information Statement," is furnished by the Board of Directors of Equity Technologies & Resources, Inc., a Delaware corporation (the "Company"), pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to the holders of the Company's Class A Common Stock as of July 21, 2006, to provide information with respect to certain corporate actions taken by written consent of stockholders holding a majority of the issued and outstanding shares of the Company's Class A Common Stock, $.0001 par value per share ("Class A Common Stock"), hereafter, the "Majority Stockholders."
The Company's Board of Directors previously approved, by unanimous consent on July 20, 2006 to adopt and implement:
1. a 100:1 reverse stock split of the issued and outstanding shares of the Company's Class A Common Stock (the "Reverse Stock Split"); and
2. an Amended and Restated Certificate of Incorporation (the "Amended and Restated Certificate").
The Majority Stockholders, holding approximately 66% of the aggregate shares of Class A Common Stock entitled to vote, in accordance with Delaware General Corporation Law, adopted and approved, by written consent dated July 21, 2006, the Reverse Stock Split and Amended and Restated Certificate Accordingly, all necessary corporate approvals in connection with the matter referred to herein have been obtained. There will not be a meeting of stockholders and none is required under the Delaware General Corporate Law because the corporate action has been approved by written consent of the holders of a majority of the outstanding shares of Class A Common Stock.
This Information Statement is furnished solely for the purpose of informing the stockholders of the Company, in the manner required under the Securities Exchange Act of 1934, as amended, of this corporate action before it takes effect. As required by Rule 14c-2(b), the actions described in this Information Statement will become effective on the 21st calendar day following the date of this Information Statement.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. THIS IS NOT A NOTICE OF A MEETING OF STOCKHOLDERS AND NO STOCKHOLDERS' MEETING WILL BE HELD TO CONSIDER ANY MATTER DESCRIBED HEREIN
By Order of the Board of Directors
James K. Millard
President & CEO
Lexington, Kentucky
August 4, 2006
3
--------------------------------------------------------------------------------
EQUITY TECHNOLOGIES & RESOURCES, INC.
325 WEST MAIN STREET, SUITE 240
LEXINGTON, KENTUCKY 40507
INFORMATION STATEMENT
AND
NOTICE OF ACTION WITHOUT A MEETING
August 4, 2006
This Information Statement is being first mailed on August 4, 2006, to stockholders of record on July 21, 2006 of Equity Technologies & Resources, Inc., a Delaware corporation, hereafter "we" "us" or the "Company", by the Company's Board of Directors in connection with the approval, by stockholders holding a majority of our the issued and outstanding shares of Class A Common Stock, hereafter the "Majority Stockholders," of (a) a 100:1 reverse stock split, hereafter, the "Reverse split," and (b) the Company's Amended and Restated Certificate of Incorporation, hereafter the "Amended and Restated Certificate."
RECORD DATE
The record date for determining the stockholders entitled to vote on the matters described in this Information Statement was the close of business on July 21, 2006, the date of the last signature on the written consent delivered to the Company by the Majority Stockholders, at which time the Company had issued and outstanding 300,000,000 shares of Class A Common Stock. The shares of Class A Common Stock constitute the only outstanding voting securities of the Company entitled to vote on the actions described in this Information Statement.
QUORUM AND VOTING
The presence in person or by proxy, of the holders of a majority of the issued and outstanding shares of our Class A Common Stock is necessary to constitute a quorum to transact business at a meeting of our stockholders. Abstentions and broker non-votes would generally be counted as present and entitled to vote for purposes of determining a quorum. A holder of our Class A Common Stock on the Record Date would be entitled to cast one vote for each share of our Class A Common Stock registered in such holder's name.
The affirmative vote of holders of a majority of the outstanding shares of our Class A Common Stock entitled to vote at a meeting of our stockholders would be required for approval of the Reverse split and the Amended and Restated Certificate. With respect to approval of these actions, abstentions and broker non-votes would have the effect of a vote against the proposal.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY. WE HAVE RECEIVED THE APPROVAL, BY WRITTEN CONSENT, OF STOCKHOLDERS HOLDING AN AGGREGATE OF 198,139,610 SHARES OF OUR CLASS A COMMON STOCK (CONSTITUTING APPROXIMATELY 66% OF THE ISSUED AND OUTSTANDING SHARES OF OUR CLASS A COMMON STOCK OUTSTANDING AS OF JULY 21, 2006), OF BOTH THE REVERSE SPLIT AND AMENDED AND RESTATED CERTIFICATE.
DISSENTER'S RIGHTS
Under Delaware General Corporate Law, dissenters' rights or appraisal are not available with respect to the Reverse split or Amended and Restated Certificate, unless the charter of the corporation expressly provides for dissenters' rights or appraisal in such instances. The Certificate of Incorporation of the Company contains no such provision.
4
--------------------------------------------------------------------------------
TABLE OF CONTENTS
INFORMATION STATEMENT AND
NOTICE OF ACTION TAKEN WITHOUT A MEETING...................................3
RECORD DATE ............................................................4
QUORUM AND VOTING 1
DISSENTER'S RIGHTS............................................................4
TABLE OF CONTENTS ............................................................5
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF...............................6
GENERAL BACKGROUND............................................................6
ACTION I - REVERSE STOCK SPLIT
General ............................................................8
Purpose and Material Effects of the Reverse Stock Split..................8
Procedure for Exchange...................................................9
Fractional Shares.......................................................10
No Dissenter's Rights...................................................10
Federal Income Tax Consequences of the Reverse Stock Split..............10
Unanimous Board Recommendation..........................................11
ACTION II - STOCKHOLDERS AND MANAGEMENT OWNERSHIP
General ...........................................................12
Amendments ...........................................................12
Unanimous Board Recommendation..........................................14
MISCELLANEOUS ..............................................................14
5
--------------------------------------------------------------------------------
VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF
As of July 21, 2006, there were 300,000,000 outstanding shares of Class A Common Stock. Each holder of Class A Common Stock is entitled to one vote for each share held by such holder. By virtue of their holdings of stock, the executive officers of the Company, who are also directors of the Company, along with other beneficial owners were able to authorize the corporate action described herein.
Beneficial Ownership of Common Stock
The following table sets forth, as of July 21, 2006, certain information as to the stock ownership of each person known by the Company to own beneficially 5% or more of the Company's outstanding Class A Common Stock, by each director of the Company who owns shares of Class A Common Stock, and by all officers and directors as a group.
Name and Address of Amount and Nature of Percent of
Beneficial Owner (1) Beneficial Ownership Class Position
-------------------- -------------------- --------- --------
James Arch
P.O. Box 940037
Maitland, FL 32794 4,743,500 1.58% Chairman
James K. Millard Director,
P.O. Box 12012 President,
Lexington, KY 40579 4,900,000 1.63% CEO
and CFO
Directors and Executive
officer as a Group 9,643,500 3.21%
FV Investments, Inc.
P.O. Box 2164
Lexington, KY 40588 19,925,000 6.64%
MLH Investments, LLC(2)
2225 E. Randol Mill Road
Suite 305
Arlington, TX 76011 156,196,406 52.07%
-------------------------
(1) Except as otherwise indicated, all shares are beneficially owned and sole voting and investment power is held by the persons named.
(2) MLH Investments, LLC shares voting and dispositive power with Mr. Scott Haire, the sole member and manager of MLH Investments, LLC. Mr. Haire's business address is 2225 E. Randol Mill Road, Suite 305, Arlington, Texas 76011.
6
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GENERAL BACKGROUND INFORMATION
General
On June 15, 2006, the Company entered into a letter of intent with H.E.B. LLC, a Nevada corporation, hereafter "HEB," and MB Holding Corporation, a Nevada corporation and wholly owned subsidiary of HEB, hereafter "MBH," pursuant to which the Company would acquire MBH in exchange for shares of the Company's common stock. MBH is the sole member of VPS Holding, LLC, a Kentucky limited liability company, hereafter "VPSH", and Envoii Healthcare, LLC, a Nevada limited liability company, hereafter "Envoii." VPSH and Envoii developed and own certain technologies and led a consortium to conduct the first prescription drug monitoring pilot project in real time in the United States. Under the Stock Exchange Agreement, HEB is to receive 34,000,000 post split shares of the Company's common stock in exchange for all of the issued and outstanding shares of MBH.
On July 20, 2006, the Company entered into a Stock Exchange Agreement with HEB and MBH incorporating the terms of the letter of intent (the "Stock Exchange Agreement"). The Stock Exchange Agreement was authorized and approved by the Company's board of directors by written consent dated July 20, 2006. The stock exchange transaction is subject to several conditions, including:
* The cancellation of all of the Company's outstanding Class B Common Stock, par value $.01 per share ("Class B Common Stock");
* The adoption and approval of the Reverse Stock Split;
* The adoption and approval of the Amended and Restated Certificate; and
* The agreement of the holders of approximately $2,600,000 of the Company's outstanding debt to exchange such debt for 2,600,000 post split shares of the Company's common stock.
Mr. Scott Haire owns 90% of the membership interest in HEB and as manager, has voting control of HEB. Mr. Haire is also the sole member and the manager of MLH Investments LLC, a Nevada limited liability company, hereafter "MLH". On April 14, 2006, the Company, Mr. James K. Millard, our President and Chief Executive Officer, Mr. James Arch and MLH entered into a stock purchase agreement pursuant to which MLH acquired from the Company 156,196,406 newly issued shares of our Class A Common Stock for $15,619.64 and acquired from Mr. Arch all of our issued and outstanding shares of Class B Common Stock for $100. As a result of this transaction, Mr. Haire obtained effective voting control over a majority of the Company's outstanding voting securities.
On July 20, 2006, pursuant to the terms of a Stock Cancellation Agreement between the Company and MLH, all of the issued and outstanding shares of Class B Common Stock were cancelled.
On July 21, 2006, pursuant to debt exchange agreements, the holders of approximately $2,400,000 of the Company's outstanding debt agreed to exchange . . .
View Entire Filing
--------------------------------------------------------------------------------
End of News Created by: EDGAR Online Pro
© 2006, EDGAR Online, Inc. All rights reserved. Replication or redistribution of EDGAR Online, Inc. content is expressly prohibited without the prior written consent of EDGAR Online, Inc. EDGAR Online, Inc. shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
Search for Dun & Bradstreet reports on this company.
Been up 20% and down 20% a few times
Dont think the future is to bright
might get a nice run up though
Keeping finger, toes and eyes crossed
Good Luck
boops - Been here to long. Made some good $$$ on other picks but was always in and out. ETCR was going to be the golden egg. Now it's total uncertainty. We shall see...
hit whats up
I hope its a huricane
The calm before the ________________?
Like watching a clock tick...
Like watching water boil...
Like waiting for a hen to lay an egg...
Like watching grass grow...
Like sand through the hourglass, so are the days of our lives!
Go ETCR...^^^^
Buggs...Are you saying that you have more information than what we have received through the filings?? Have you talked to someone in the company??
cal... Is it? I disagree. It's just the beginning. There is a lot more going on behind the scenes than you obviously know.
IMO
buggs
It's over. When you sell a technology for $15,000 that's supposed to be worth millions something is very wrong.
Is the party over? Too late for me to sell. Thank God it was only lunch money and not the ranch. Was nice knowing you guys.
Good Luck
Microsoft Corp.
could out out of business very fast
Good Luck
I found this,
Posted on Tue, Jul. 25, 2006email thisprint thisreprint or license this
Reinforcing efforts to limit medical errors
Mercury News Editorial
A partial cure for one of the nation's Top 10 leading causes of death is in our hands. All that's needed is the will to implement it.
The subject is medical error, which a new study indicates is even worse than previously believed. A 1999 report by the prestigious Institute of Medicine said that as many as 100,000 people die each year because of preventable mistakes. The institute's latest report, released Thursday, says that while more study is needed on the impact of medication errors, there is evidence that up to 1.5 million Americans are injured or die from preventable mistakes every year.
The latest report should serve as a catalyst to crank up the nation's effort to make electronic health data available to patients, doctors and nurses throughout the United States. At present, 90 percent of drug prescriptions are written by hand. That contributes to an estimated error rate at U.S. hospitals of one mistake per hospital patient per day, costing more than $3 billion a year.
Imagine the country's banking still being done by hand. Unthinkable, right? Yet patients think nothing of taking their doctor's oft-illegible handwritten prescription to a pharmacist, who then must try to decipher the doctor's intent. That is unacceptable in today's wired world.
President Bush last year got things going in the right direction by trying to jump-start the movement toward electronic medical records by initiating a 10-year, $125 million program aimed at setting federal standards and eliminating inefficiencies.
The president also hopes to reduce the $26 billion a year currently spent on insurance paperwork across the nation.
Silicon Valley is doing its part with Smart Health, a regional effort to make health records available electronically.
The Institute of Medicine believes that 25 percent of hospital errors can be reduced by electronic prescribing of drugs and systems that check dosages and monitor the potential for harmful drug interactions with other patient prescriptions.
Some 30 percent of Americans take at least five medications and 80 percent of Americans take at least one medication per day.
They should be able to do so with confidence that the medical profession is doing everything it can to prevent medication errors.
I do wish we would move faster with this change. Others are catching up.
July 26, 2006, 12:38PM
Microsoft Acquires Medical Records System
By DAN CATERINICCHIA AP Business Writer
© 2006 The Associated Press
WASHINGTON — Microsoft Corp. said Wednesday it has acquired a patient information system developed by doctors at the Washington Hospital Center that the world's largest software maker plans to sell to health care providers worldwide.
The electronic medical records system, called Azyxxi, was built on Microsoft development tools and gives doctors real-time access to patient data from existing systems, including everything from X-rays and electrocardiograms, to prescriptions, allergies and other routine clinical information.
Azyxxi, rhymes with "Trixie," is being used at six other MedStar Health hospitals in Washington and Baltimore. Microsoft believes the system can help transform the nation's "stressed" heath care industry, said Peter Neupert, the Redmond, Wash., company's corporate vice president of the health solutions group.
"Health care is underinvested in information technology," Neupert said Wednesday at a press conference at the Washington Hospital Center.
Neupert, who rejoined Microsoft last year after a stint as chief executive and chairman of online retailer Drugstore.com, said Microsoft was making a "significant investment" but would not divulge how much the company paid to acquire the system. He also declined to provide a revenue forecast or a timeline for commercial availability.
Many technology companies, including Dallas-based outsourcing firm Affiliated Computer Services Inc., see health care as a major growth area. Affiliated this month acquired health care payer Primax Recoveries Inc. for $40 million, and said the move was part of its goal to expand in the health care field.
Earlier this month, General Motors Corp. Chairman and Chief Executive Rick Wagoner told a Senate panel that Congress should consider implementing national health information technology. GM is the nation's largest private provider of health care and spent $5.3 billion last year for 1.1 million employees, retirees and their dependents.
Azyxxi, which was first deployed in 1996, is an "air traffic control system for hospitals," says Craig Feied, a physician who developed the system with his colleague, Dr. Mark Smith. Feied said the system requires minimal training for physicians and provides always-on access to medical records with 1/8-second response time, basically one click of the mouse.
The system can be set up in as few as 90 days at a hospital and does not require medical professionals to manually enter data, but gathers information via real-time feeds from existing systems at a hospital, Feied said.
Security and privacy are important issues for the health care industry, Neupert said, adding that it would be an "ongoing area of investment" for Microsoft.
Azyxxi already uses role-based access controls based on a worker's job function and is compliant with patient privacy provisions of the Health Insurance Portability and Accountability Act.
The system is flexible enough to adapt to the security and privacy standards of individual health care institutions, which determine who has access and to what information, as well as limiting that access by time of day or department, Feied told The Associated Press. He uses an iris scanner to log in at the Washington Hospital Center and said his personal preference was that such biometric access become the standard.
As part of Microsoft's acquisition, Drs. Feied and Smith, along with about 40 employees from the development team at Washington Hospital Center, will join Microsoft to develop product enhancements. Smith will remain chairman of the emergency medicine department at Washington Hospital Center and will also serve as chief clinical liaison to Microsoft.
Filing PRE14C out 7/24
Our new Corporate Name:
FIRST. The name of the Corporation is VirtualHealth Technologies, Inc.
It won't be long now.
exciter
Exciter - I think you are onto something BIG!!!
Macho
Not that it means anything to most of you
but I spoke with Jamie on the phone a week ago. The first time I have done so in the years I have been an investor here. I came with information that was not specific but more "read between the lines". Terms like "medical records management" were used. I asked if Veriscrip could be used in other than medical applications, the answer was YES!
There are some here that are so close to the trees that they can't see the forest.
With such a low float coming and a boat load of pr's on the horizon, I can't imagine why anyone would be jumping ship here. Remember it was those who were buying during the great depression that ended up with all the wealth.
jmho
exciter
Thank you I-Move, All the information is in the filings if anyone really wants the correct information rather than speculation.
Macho
In addition, the shares distributed to the debtors will also be restricted.
(g) The offer and sale of the Shares is intended to be exempt from
registration under the Securities Act, by virtue of Section 3(a)(9) and/or 4(2)
thereof. Holder understands that the Shares purchased hereunder have not been
registered under the Securities Act and that none of the Shares can be sold or
transferred unless they are first registered under the Securities Act and such
state and other securities laws as may be applicable or the Company receives an
opinion of counsel reasonably acceptable to the Company that an exemption from
registration under the Securities Act is available (and then the Securities may
be sold or transferred only in compliance with such exemption and all applicable
state and other securities laws).
Esciter1 - Just remember the shares that Scott Haire gets will be restricted.
Macho
One thought on new shares.
When we go from 300 million to 3 million shares, the float will lower.
Those who are affraid of the 138 million new shares need to take notice. Those shares are not going to be thrown into the mix that soon if at all.
I personally think we see a forward split before we see major dilusion in the float. The actual float not the potential float.
Peace
OT: Euronator - Please take it to the other board. You and your friends are having a good time bashing ETCR. Please don't drag it to this board.
I am sure we will have a Press Release or an 8K explaining what is happening. We don't need speculations.
Thanks
Hit, 1-666-666-6666 EOM
Markets, I think you lost your
credibility here, just like I have.
I least, I was right, along with FFF, Whiteshark and Anydaynow. Longs will realize it, once
it sinks in what is happening to their precious shares.
Whatever will be, will be. I'm concentrating on other stocks., Millard blew this BIG TIME!!!!! Anybody have his current number.
OT- Best of luck with PAIM...IHUB link http://www.investorshub.com/boards/board.asp?board_id=5095
Also stockhideout chat room with very knowledgeable traders.(register)
http://www.stockhideout.com/
Looking very promising (exponential). Possible huge short squeeze is what most are holding for along with the timing of NAZ reg for short disclosure tomorrow.
Let's not grieve over this a second time. We already knew it was coming. All companies that go through a split have their share price adjusted to the intended conversion price/formula, so this was to be expected. Arbitragers live for this type of stuff.
Use your energy on life's future.
It aint over
gonna be a pump and dump op or there wont be a pps to reverse split
What a shaft job, not blaming anyone but myself. Should have sold Three weeks ago and would not be hurting so bad. Live & learn.
Thanks for the memories.
Silver
Hi Makeamint...I joined the PAIM train this morning...what message board(s) are you using for PAIM?
I see a dump...then post split we'll see a pump as they sell off their new shares they printed..
At this rate ETCR will be about .001 by the time they do the reverse split...egads...
Really kicking myself for not taking profit back in the .07s and .10 range last year...live and learn.
~ Clint
Desie can you tell me where you see a pump?
All i see is dump ! I'm not trying to bust your balls but.....
it appears from some of the messages certain people are doing their best to get the price down. alluding to the fact that this is a P&D. that i find to be absolutely absurd with what is going on imo. i certainly am not happy with everthing that has transpired but i do beieve it was our best option. so i guess we will just have to wait and see how this plays out. desie
Scott is going to own alot of nothing
At this rate, the post reverse split price will be .09 cents...
Heres the news now what?
Form 8-K for EQUITY TECHNOLOGIES & RESOURCES INC
--------------------------------------------------------------------------------
25-Jul-2006
Entry into a Material Definitive Agreement, Financial Stateme
Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 15, 2006, the Company entered into a letter of intent with H.E.B. LLC, a Nevada corporation, hereafter "HEB," and MB Holding Corporation, a Nevada corporation and wholly owned subsidiary of HEB, hereafter "MBH," pursuant to which the Company would acquire MBH in exchange for shares of the Company's common stock. MBH is the sole member of VPS Holding, LLC, a Kentucky limited liability company, hereafter "VPSH", and Envoii Healthcare, LLC, a Nevada limited liability company, hereafter "Envoii." VPSH and Envoii developed and own certain technologies and led a consortium to conduct the first prescription drug monitoring pilot project in real time in the United States. Under the Stock Exchange Agreement, HEB is to receive 34,000,000 post split shares of the Company's common stock in exchange for all of the issued and outstanding shares of MBH.
On July 20, 2006, the Company entered into a Stock Exchange Agreement with HEB and MBH incorporating the terms of the letter of intent (the "Stock Exchange Agreement"). The Stock Exchange Agreement was authorized and approved by the Company's board of directors by written consent dated July 20, 2006. The stock exchange transaction is subject to several conditions, including:
* The cancellation of all of the Company's outstanding Class B Common Stock, par value $.01 per share ("Class B Common Stock");
* The adoption and approval of the Reverse Stock Split;
* The adoption and approval of the Amended and Restated Certificate; and
* The agreement of the holders of approximately $2,600,000 of the Company's outstanding debt to exchange such debt for 2,600,000 post split shares of the Company's common stock.
Mr. Scott Haire owns 90% of the membership interest in HEB and as manager, has voting control of HEB. Mr. Haire is also the sole member and the manager of MLH Investments LLC, a Nevada limited liability company, hereafter "MLH". On April 14, 2006, the Company, Mr. James K. Millard, our President and Chief Executive Officer, Mr. James Arch and MLH entered into a stock purchase agreement pursuant to which MLH acquired from the Company 156,196,406 newly issued shares of our Class A Common Stock for $15,619.64 and acquired from Mr. Arch all of our issued and outstanding shares of Class B Common Stock for $100. As a result of this transaction, Mr. Haire obtained effective voting control over a majority of the Company's outstanding voting securities.
On July 20, 2006, pursuant to the terms of a Stock Cancellation Agreement between the Company and MLH, all of the issued and outstanding shares of Class B Common Stock were cancelled.
On July 21, 2006, pursuant to debt exchange agreements, the holders of approximately $2,600,000 of the Company's outstanding debt agreed to exchange such debt for 2,600,000 post split shares of common stock, subject to the consummation of the Stock Exchange Agreement between the Company and HEB.
The closing of the Stock Exchange Agreement remains subject to the effectiveness of the Reverse Stock Split and Amended and Restated Certificate. On July 21, 2006, the holders of a majority of the Company's outstanding shares of Class A Common Stock approved of the Reverse Stock Split and the Amended and Restated Certificate.
The foregoing description is not a description of all of the material terms of the transaction. You should read the documents that are attached as exhibits to this report for a more complete understanding of the transaction.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
Exhibit No. Description
---------- --------------------------------
10.20 * Stock Exchange Agreement dated July 20, 2006 between Equity
Technologies & Resources, Inc., MB Holding Corporation, and
H.E.B., LLC,
10.21 * This Stock Cancellation Agreement (Class B Common Stock) dated
July 20, 2006 between Equity Technologies & Resources, Inc., and
MLH INVESTMENTS, LLC
10.22 * Form of Debt Exchange Agreement between Equity Technologies &
Resources, Inc., and Holder.
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Thanks for the headsup. The volume on IMNR was extremely high on the buy side...about 70% buys vs sells...but the light selling would not allow the PPS to rise much...there are some warrants that are convertible through August so likely there is dilution happening. I was hoping that their little pump and dump PRs this morning would have had more effect...we'll see tomorrow.
What is driving PAIM?
OT- Clint Feel the PAIM! in from .002 closed at .0046 ask.
Free real time L2 so you can watch.
http://www.pinksheets.com/quote/quote.jsp?symbol=PAIm
Looking for PAIV like squeeze to +.30
Mirror play we hope...fingers and toes.
;0
IMNR - Pretty fun stock right now...volume is crazy and not seeing a sell-off...just a support forming...I'll stop posting on this one.
I don't think its a good long term play...I see reverse splits in their future because they just finished converting some CD's and dumping shares on the market...too many shares...which caused it to get over sold...and a large short position which I think is having to cover right now due to positive news and a valuation of .09 cents.
Do your own DD...
~Clint
PS. Wonder why ETCR's filing hasn't gone through yet...wonder if the the deal terms have changed in our favor?
IMNR - Here's one I found at .021 and it has a PR out today saying that it should be at .09 including the diluted shares...
A lot of buying/volume...watch the T&S...I think it is good for a flip play...because I think its a pump and dump myself...
Interesting given that NY uses a special paper...which costs them a lot of money and requires a lot of people to support...VPS would benefit NY greatly.
Clint: Here's news of a sort. The N.Y.Times today has a detailed article on the monetary and personal waste in erroneous prescriptions with some praise for electronic prescriptions. No mention of ETCR but certainly worth a read by all longs. Page 12 of National Report Section. Dick L.
Yahoo has a big GAP to fill: from 32 to 25
http://biz.yahoo.com/ap/060719/earns_yahoo.html?.v=16
Anybody know a good site that gives good currency charts? I see Forex but looking for others.
Thanks
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