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Oh really? Well here's the Receipt...
Filer: Form Type: 10-K/A Period: 12/31/10 Job Number: Rev: Sequence: 1
Submission: Document Name: t72258_10ka.htm Saved: Printed:
TriState Financial Description: FORM 10-K (Amendment No.2) Created using EDGARizerAgent
Form 10-K/A
(Amendment No. 2)
?
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2010
o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF…………………
the ironic part of this disaster is the the CBS thing WAS real!!!
Amazing anyone would believe that fat man so as to actually repeat his incredible lies! Too funny. THE EYE!! THE EYE!!!!! LOL
After it gets Edgarized it will need to be Shredderized and Hooverized. Of all the lousy excuses I've heard from CEO's about financials not being filed - this one gets points for originality. I've never heard someone say they had to be Edgarized. I still think he is just stalling.
To infinity and beyond...
Of course the scammers in this want the covenants to fail. Now they have ALL the legal 'Ts' crossed for dotting all the 'Ayes' in DILUTION!! LOL That Antebi has ripped this POS apart, AS PLANNED! The fat man with the pizza stained kisser got his 20% quite some time ago. He could care less now!! HAHAHAHA
The 10-K is still not filed:
http://www.otcmarkets.com/stock/MLKNA/financials
It was sent to Get Edgarized on Friday after Market Close.
MLKNA had covenanted in its forbearance agreement on a secured debenture to file its delinquent annual report by today (12/31/2011) but did not not do so.
What is the next step for MedLink International and its creditors?
The forbearance agreement: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8279827
Charles, Charles, Charles
They did not move out, they Were Evicted. They didn't pay their lease, which seems to be their MO, with all their creditors.
Their business plan, make a deal, make initial payment, then breach the contract. Then fight it out in court. See Steven Hickson (anywhere md) vs Medlink, www.ecourts.org.
Strange, they had a great idea, a little late but I will sit back and observe before I invest a penny, or lack thereof.
So far my opinion of Medlink
Pure brilliance - No
Incompetent Managers - Please
Integrity - I don't see it
Bad Businessman - Absolutely
Aww. The cockroach haired CEO was taken down. Here he is again! LOL Lying away, as usual.
Charles...are are feeling the heat!
Why so loyal to Medlink?
It seems you're the only person who can contact the executives over at Medlink...
What makes you sooo special....hmmmmmmmm?
What gives????
Come on maaaan...chop/chop.
Indeed. The Virtual Office is often utilized by scam companies. They attempt to project a national or even an international presence that exaggerates their actual size. Ray has no problem with exaggerating his size, though. That fat POS is huge!! And the pile of diluted shares will be even more enormous and equally worthless! LOL
Wheeeeeee!!! Down Goes Fraiser!!!
Down Goes Fraiser!!!
That address is a Regus executive suite used by many businesses, most using it as a "virtual office." If someone were try to visit Medlink there, they may not find a physical presence. Such an address is not confirmation of the company actually having an office.
http://www.regus.com/locations/US/NY/Hauppauge/NewyorkHauppauge15MotorParkway.htm
I don't know about Islandia. I went and visited them in their offices at:
1 Roebling Court
Ronkonkoma, NY 11779
About 3 years or so ago. They were in that location with a 5-year lease until about 8 months ago when they moved to:
150 Motor Parkway
Suite 401
Hauppauge, NY 11788
So I don't know about Islandia. That must have been before they were in Ronkonkoma and that would have been probably 5 or 6 years ago.
That 'suite' of Ray's existed in Islandia, NY. Right next to a School of Beauty. Ray's always been such a classy (really a POS) CEO. HAHAHAHA
Now we hear from someone who lives 2 miles from Ray's latest claimed squat that this time no such office exists! LOL Too funny. Always!
I have a bridge for sale...do u want to buy it?
Again Charles, I live 2 miles from there...There is no office.
Whomever your friend was, gave u wrong info.
LOLOLOL
There is no suite in NY...
Who gives you this information?
Again, There is no suite in NY
As far as the stock is concerned, it's a pinky about to stink of dilution. Again, past is prologue.
Just put two and two together. They are either BK or they have restructured. There is no office in FL and the office in NY is an Executive Suite. They are still doing business at Baptist in Florida and in Puerto Rico. My guess is that they have turned operations over to one of their partners in FL or PR. Need to see all the filings to know for sure.
Where is the 8-K regarding new management? That freaking bozo Vuono owns a controlling interest! Who signed the 8-K on Dec. 7th but that fat POS!! LOL Tooooo Funnny
I think we need to see all of the filings including the MD&A to know exactly where MedLink is headed. My guess is that Vuono is no longer in the daily operations of the company and it has been turned over to others. That will be a positive.
Share price was about $1.50 last holiday season at about 40 MM shares. Business has improved since then as far as I can discern and IF the company dilutes on expanding business under new management that is better capitalized we could see MLKNA trading at new highs again.
As I said need to wait and see what is revealed in the filings.
LOL They never have had any reputation other than, POOR!! HAHAHA
will just have to see how the cards fall
LOL Every scam has backers and people who eventually embarrass themselves for having 'believed'. They'll say anything to smooth things over. And as Choate often says, keep their fingers crossed. Trouble is, what is past with any scammer like Vuono is always prologue. It's an axiom literally proven true time after time for millennia. And -- as always: TOO Funny!!!
Thanks for your prompt response. I will be waiting on the sidelines and see where this company is heading.
The numbers just don't add up. Due to Medlinks lack of professionalism at the top, false info on their website (there r no locations to conduct business), I am cautious because of the executive boards poor reputation.
Thanks again.
I have checked a lot of sources including large shareholders, AEGIS, customers (Secure EDI and Baptist Health) as well as Vuono. Everything seems to point to this getting resolved and the business being strong.
I expect the 10-K this or next week.
Certainly the story has not yet unfolded and those of us who have bought in much higher will just have to see how the cards fall.
Call AEGIS and see what they tell you.
My understanding is that the default will not trigger the 6 cents and the restructure of the note if MedLink pays them back on or before May 2012.
Charles...you really believe this...your quote below:
Yes, I also feel that things will work out. I have spoken with AEGIS and they told me they were working with Vuono and Rose directly and that the issues stemmed from the acquisition and the auditors. They told me that there was no fraud committed and that the issues stemmed from things being complex.
Charles where r u?
Can you share with me how you r so optimistic with Medlink, and who are your sources?
What's REALLY funny is Ray has already devoured the (2010) money in question. As predicted, the fat man will be ordering his pizzas piggybacked on huge dilutions until this POS vanishes, just like his Interpharm scam from 2003!!! LOLOL Toooooo EASY!!!
The actual dilution will likely be much greater as the conversion price of the debentures is "subject to adjustment." Such adjustments are typically made to reduce the conversion price to below the lowest market trade or at least to below the market price on the date of conversion.
To amend the Debentures with the following terms:
(i) Conversion Price of $0.06 per share, subject to adjustment therein;
Confidence is great -- but it's how confidence men make their livelihood!
http://en.wikipedia.org/wiki/Confidence_trick
Your math just marks the start of the dilution machine this was destined to become from the days Ray first ran around shaking his flabby jowls screaming, THE EYE!!! THE EYE!!! THE EYE!!! OMG I just fainted from laughing.
They diluted their share count by approximately 40M shares if my math is right by defaulting on this loan. Whoever received the 40M shares should replace Vuono right away and work down from there...
MLKNA 8-K regarding forebearance agreemnent due to "Events of Default" on a secured debenture.
The company convenants to file its delinquent financials by 12/31/11.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8279827
Beach,
You called it for a long time.
I am perplexed why it is so hard for Charles to admit that Medlink is a bomb.
Yet Charles is optimistic and I feel I am missing something.
There will be a new cheer leading section in 2012, once this dilutes into the .0000s LOL Congrats, Mr. Antebi!!! Two years ago you ripped their heads off and they were blessing you for it! HAHAHAHA
Ladies and Gentleman:
It is so obvious, yet people continue to support this loser of a business.
Medlink has no offices - Fact!
Medlink has no employees - Fact!
There are many inconsistencies - Fact!
Lastly, this shell of a company possesses no business skill set, lacks morals, ethics, integrity, and this one is a dud.
Stay away from this one.
I find it bizarre that there is so much bad press on this firm, or shall I say, shell of a firm, and Charles continues to suggest he has heard a restructue is currently taking place.
Fact: There is no office in New York, Naples, Baltimore, pennsylvania and yet this is listed on their website.
What gives Charles, and who are your sources?
How can you be so optimistic?
Charles, kindly share your thoughts and prove me wrong?
Charles, that "executive letter" is six months old (Marketwire - 06/20/11) and MLKNA has still not released financial statements. The most recent statements are for QE 12/31/2010. There seems to be a major problem with the company.
The letter falsely claimed that MLKNA is an OTCQB stock, when it was simply a PK then and now. The author of the PR also seems grammatically-challenged.
The cover could no longer continue once that criminal accounting firm Vuono found way down in Florida (when Medlink HQ was in NY) was dissolved. All we needed was enough time for it ALL to hit the fan and blow! LOL Too rich!!
Funny how the market never believed that accounting... hmm... wonder why!!! LOL
What fraud would that be?
4Q last year there were $4M in receivables. They obviously didn't collect these over the course of this year or they wouldn't be in financial trouble. This leads me to believe a large portion of that $4M was bogus or counting chickens way before hatching. I should have known to bail on this when I had a ridiculously hard time getting a hold of Vuono or Rose. No other company this small has it ever been that hard for me to talk to the CEO unless things turned out badly.
Let's see your facts about Vuono committing fraud. Please post a link or something other than your opinion please.
No one believes anything that pile of pizza trash CEO writes, as witnessed by the crash toward zero since Vuono's note was PRed. Death spiral on the way!!! Antebi style!! LOL
Executive Letter to MedLink Shareholders
HAUPPAUGE, NY--(Marketwire - 06/20/11) - MedLink International, Inc. (OTCQB: MLKNA) (Pinksheets:MLKNA - News)Dear MedLink Shareholders:We continue to be optimistic for 2011. Over the past 18 months we made a considerable investment of time and resources to improve our suite of products and services. We acknowledged that a transition to cloud-based technologies would not be instant but were necessary for long term sustainability in the healthcare IT marketplace.
We have continued to make further adjustments to our business so we could properly align operations with current levels of demand while laying the foundation to adapt to meet expected significant increases as the healthcare industry adopts healthcare IT over the next few years. A particularly noteworthy adjustment was our enhancement of the seamless collaboration and data interoperability provided by our IX (Information Exchange) service and the transition of our EHR applications to cloud based technology that not only meets the growing trends of the IT industry, but reduces the capital investment on the part of our customers while streamlining the training and implementation process.
MedLink has carved out a position as a leading, innovative healthcare IT company, with one of the most comprehensive mix of solutions of any provider in the industry. Our business model continues to offer us an advantage over competitors as we increasingly push the envelope to provide our clients a new and scalable way to create, manage and share clinical information while utilizing the latest available technology.
The wide array of solutions we offer, from ambulatory EHR to enterprise interoperability solutions, gives us a valuable opportunity to seize greater market share.We have also further differentiated ourselves from the competition with the suite of EHR products we offer and also the unique mix of MedLink IX offerings that will fuel our growth going forward.
We believe the private sector through the MedLink IX offerings along with the Stimulus and other provisions will be the single biggest driver of healthcare IT adoption. This momentum is due in large part to the more than $30 billion in federal incentives and mandates to adopt EHR technology by 2014.
We are excited to announce that within the last month, our EHR clients have begun to receive the $18,000 'meaningful use' incentive payment per physician for 2011 from CMS. We expect more than 160,000 practices in MedLink's key demographic market to adopt EHR over the next three years that will look to leverage the meaningful use incentive of $44,000-$65,000 per physician to adopt EHR technology.In order to continue to generate new market opportunities, we have focused on expanding our customer base through our sales and distribution channels primarily through MedLink IX with Government and private hospital initiatives and through our lab and radiology partnerships. The result of these initiatives was an increase in customers nationwide and particularly Florida, Mid-Atlantic States, California, Oregon and Puerto Rico.
We have made some significant changes to the business to aid in our Company's growth. These changes have included relocating some of our employees, as well as expanding our presence in Florida. This year we have had to make some difficult decisions including personnel and corporate focus, however, these decisions are made with the best intentions for the long term growth of the company as our ultimate goal is to continue to improve and expand MedLinkLooking ahead in 2011, we have applied and have a preliminary approval to move to the OTCQX exchange as we plan to upgrade from the pink sheets after our financials are filed.
The acquisition of the accounting firm we previously used with which we were engaged resulted in a delay in the release of our financials. We have now hired a new accounting firm who is working diligently to bring MedLink's filings up-to-date.Overall, MedLink remains uniquely positioned to meet our customers' needs and achieve our goal of long-term profitability.
We will continue to provide innovative solutions to our customers and adapt our services to best serve their needs. With an improved balance sheet, wide variety of solutions and dedicated team of professionals, we can serve a market that is poised to significantly increase its demand for our products and services.We would like to thank our shareholders, our employees, loyal customers, suppliers and strategic partners for their continued support and dedication, and we look forward to the opportunities that lay ahead.
Ray Vuono
Chairman, Chief Executive Officer, and President
http://finance.yahoo.com/news/Executive-Letter-to-MedLink-iw-1735919468.html?x=0&.v=1
Let's see your facts about Vuono committing fraud. Please post a link or something other than your opinion please.
LOL This POS is almost a 'fivecentstock'!!! One of the reasons I once chose that moniker years ago, just for all those fraudy stocks like MLKNA that break that 5 cents and vanish!! Too funny.
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The Securities and Exchange Commission announced today that on May 23, 2013, the U.S. District Court for the Eastern District of New York entered default judgments against MedLink International, Inc., a medical software company, its CEO, Aurelio Vuono, and its CFO, James Rose. The Commission had charged them with filing an annual report falsely stating that its audit had been completed and with defrauding a MedLink investor. The court ordered permanent injunctions from violating Section 17(a) of the Securities Act of 1933, Sections 10(b) and 15(d) of the Securities Exchange Act of 1934 and Rules 10b-5, 12b-20, 15d-1 and 15d-14. The court also ordered each defendant to disgorge, jointly and severally, $149,473/50, representing their illicit profits, together with pre-judgment interest of $8,942.48, for a total of $158,415.98. In addition, the court ordered civil penalties of $650,000 against MedLink, $130,000 against Vuono, and $130,000 against Rose. Finally, the court barred Vuono and Rose from penny stock offerings or severing as an officer or director of a public company.
For further information about the case, see Litigation Release No. 22521(Oct. 26, 2012).
http://www.sec.gov/litigation/litreleases/2013/lr22709.htm
The following is the mailing address used by MedLink, but according to legal documents, there is no office at this address. All employees are said to work from home.
Ray Vuono Chairman/CEO | Jameson Rose EVP & CFO | Konrad Kim CTO |
Shares Outstanding | 40,516,778 | a/o Dec 31, 2010 |
Float | 17,904,144 | a/o Dec 31, 2010 |
Authorized Shares | 200,000,000 | a/o Dec 31, 2010 |
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