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And now, of course, no bid, no ask.
The end, eh?
g.p.
MMED SEC Suspension for Financials delinquencies:
http://www.sec.gov/litigation/suspensions/2015/34-75184.pdf
Order:
http://www.sec.gov/litigation/suspensions/2015/34-75184-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2015/34-75185.pdf
No Midas touch, here, eh? eom
MMED is severely delinquent in filing their Financials and corporate filing obligations to the SEC. On Feb. 20, 2015 the SEC suspended 8 stocks from the Delinquent SEC Filers list, and it is likely that more delinquent Filers will be suspended.
Since Jan 1st, 2010 the SEC has suspended over 1290 stocks for Financials delinquencies. All of those Suspended stocks had their stock registrations revoked.
Shareholders should contact the company and pressure the Mgmt to file their delinquent Financials because ALL shareholders would be wiped out IF the SEC suspends the stock.
MMED is on the list of delinquent filers:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110680509
The true story here is another quarter of holding just
above the sub-penny line.
Sad.
g.p.
Filled, but this one is down.
Bid at .04. What happened to this
company? Used to be Worth $$ per share...
g.p.
I have a bid for this one,
higher than shown... probably too small of
a qty...
Another plunge today with bid as low as .10.
Does not look particularly good, eh?
g.p.
Now, almost 5 months since your post, have
you got the same opinion?
Midas looked great, back then; I'm starting to have
serious doubts...
g.p.
T.S., still have the same opinion?
My ave is much higher than current price.
Not hearing much, these days...
g.p.
This company is a great company. Their track record as merchant banker of companies in technology is outstanding. They have sold companies with a great amount of profit so their book value is pretty high now. Over a dollar, I think, but it has to be verified. I'll stick to my position and might grab some more at those levels. Sooner or later, they will have to do something and bring back the stock to levels where it should be. I think this company is undervalued and I love those anomalies.
Your decision; Your DD. IMO, looks like a good entry point.
That said, my average is way way higher...
Still holding (but losing a lot here, ... for now).
g.p.
Hmm...maybe now is time for me to buy. You still holding? Looks like they are in a considerable amount of debt here, just glancing at the 10-Q today. Over $46M in revs though for the first 9 months of last year. With an O/S of 10,975,269, this could really fly with some buying pressure. Being on the OTCQX, they need to maintain at least a .10 bid or risk delisting. Gotta think this is very, very close to the bottom for a company with that low O/S and multi-millions in revs, even if they are in debt up to their eyeballs. Gonna put my bid in on Monday.
Does not look good.
At .25, now Worth only 10% of its original ave SP. Ouch!
g.p.
Bought back. .35 was the ask.
Worth buying? Don't really know. Your DD...
g.p.
BTW, just reduced my holding today (over .80) but
may buy back if it comes down a little.
Guess I lost patience, here.
g.p.
Yep, you were right! I should have taken those .28s when I could have. Keeping this one on watch.
It should have, but, as with
many Companies on American markets,
lack of business in America leaves this in doubt.
A loser, for me. One never knows, however.
IMO, .30 or under looks good, but again, just my opinion.
g.p.
So anyone think this has bottomed out yet?
We're far from the $2 a share and this
recent quarterly result, although very promising with
increased revenues, still show negative net...
(quote)Period ended March 31, 2012 Highlights
Net revenues increased a record 177.3% to $35.5 million
11.3% of net revenue growth organic and 88.7% of net revenue growth from acquisitions
International operations contributed $20.5 million or 57.7% to consolidated net revenues
Gross margin contribution increased 215.6% from $3.3 million to $10.2 million
Gross margin percentage increased from 25.8% of revenues to 29.4% quarter-over-quarter
SG&A as a percent of net revenues dropped from 33.6% to 31.2% as the business scaled
Non-GAAP adjusted net loss attributable to common shareholders increased by 73% to $3.0 million from 2011 as net revenues increased by 177.3% Non-GAAP adjusted loss EPS increased from $0.20 to $0.30
Three Months Ended March 31, 2012 Results
Summarized Three Months Ended March 31st, 2012 Results ('000) except EPS
March 31st, 2012
March 31st, 2011
Change
Sales
$35,547
$12,837
177.1%
Gross Profit
$10,442
$3,309
215.6%
Selling, General and Administrative Expenses
$11,088
$4,313
157.1%
Net Income (loss) attributable to Common Shareholders
($5,223)
($1,112)
N/A
Non-GAAP Adjusted Net Loss*
($2,983)
($1,112)
(68.2%)
EPS
($0.53)
($0.20)
(165.0%)
Non-GAAP Adjusted EPS*
($0.30)
($0.20)
(50.0%) (end quote)
g.p.
The link is
http://www.otcjournal.com/otcb/
OTC has about 2 or 3 blogs from late September and before.
g.p.
It's been a while since
OTC Journal last covered this one (Sept?).
Worth going to its www site and read...
$2.25 was tempting enough for me to add 200 shares
(did not have cash for more).
GLTY
g.p.
Yea I have read in few places its suppose to go to $10. Does anyone happen to know why its been gradually decreasing by like 50 cents every now and then. ... theres a talk of a merger. Sorry havent looked to deep into it.
Thank you
Yeah, read this too, thanks to the
OTCJournal who thinks this one will eventually go up (perhaps $10), sooner or later.
Holding...
g.p.
Midas Medici Announces $1.3 Million Virtualization Contract for the Military Police of Sao Paulo, Brazil
Midas Medici's CIMCORP to Provide Strategic Upgrade to the Military Police's Server Infrastructure and Virtualization Environment
NEW YORK and SAO PAULO, Oct. 21, 2011 /PRNewswire/ -- Midas Medici Group Holdings, Inc. ("Midas") (OTCBB: MMED), an innovative green IT company in the fields of virtualization, cloud computing and data management, today announced that its CIMCORP brand has been awarded a $1.3 million contract from the Military Police of Sao Paulo, Brazil, known locally as the Policia Militar do Estado de Sao Paulo (or "PMESP"). CIMCORP will be upgrading the Military Police's server infrastructure and enhancing its virtualization environment.
The project is a major upgrade for the Military Police and will consist of 8 brand new physical servers, provided by HP, to replace the old server cluster. These servers will be setup and run using virtualization software to provide anywhere from 400 to 500 virtual servers to run the Military Police's entire intranet environment. This intranet environment must perform a wide variety of tasks, including: operational intelligence systems, email, monitoring end-to-end services, 190 call centers (equivalent to 911 in the United States), etc. The old servers will not be discarded, but rather reused for the Military Police's internet environment, which will be run on 50 to 60 virtual servers.
"This is another major project for Midas and our CIMCORP brand in Brazil," stated Nana Baffour, CEO and Co-Founder of Midas Medici. "Due to the sensitive nature of fighting crime, the Military Police will need a state-of-the-art system with sophisticated security architecture and data storage requirements, combined to protect mission-critical data and police records. We remain committed to providing the Military Police with CIMCORP's industry recognized quality of service, and look forward to announcing additional projects with other government agencies and large businesses throughout the remainder of 2011 as our organic sales continue to increase."
The Military Police of Sao Paulo is the largest state police force in the country of Brazil, with over 100,000 personnel in its ranks, distributed across several battalions all over the state as well as within the Greater Sao Paulo region (Grande Sao Paulo) which itself comprises 40 cities and towns.
"Improving our virtualized environment while adding additional security and backup capabilities are our primary objectives and that is why CIMCORP, with its highly regarded reputation in these fields, was chosen through our selection process. Although this represents our first engagement with CIMCORP, we are pleased with how smoothly our interactions have been so far and look forward to working with them on a more consistent basis as our IT upgrade project gets underway," said Marcos Botaro Xavier, Data Center Manager at PMESP in Brazil.
Operating in Brazil since 1988, Midas' CIMCORP brand provides and manages a complete spectrum of IT infrastructure services and solutions to commercial and government markets. CIMCORP specializes in data center services with an emphasis on complex solutions that enable Brazilian companies to virtualize and implement cloud-based systems. CIMCORP has 8 regional offices, 12 distributorships, 3 partner data centers, and an international subsidiary in Miami, FL.
About Midas Medici Group Holdings, Inc.
Midas Medici Group Holdings, Inc. (OTCBB: MMED) is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies in the United States and Brazil. Across its CIMCORP, Consonus and UtiliPoint brands, Midas works with its customers by optimizing IT and data center investments, cutting energy usage and preventing data loss, all while maximizing productivity. Through a management team with decades of experience, Midas is positioning itself to take advantage of the high-growth IT industry through its unique specialized services at the intersection of energy and technology.
For comprehensive investor relations material, including fact sheets, presentations conference calls and video, please follow the appropriate link: Investor Presentation, Investor Portal, Research Report and Overview Video.
For more information on Midas Medici, please visit: www.midasmedici.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Company Contact:
Johnson Kachidza
Chief Financial Officer
212-792-0920
Investor Contact:
Trilogy Capital Partners
Darren Minton, President
Toll-free: 800-592-6067
info@trilogy-capital.com
SOURCE Midas Medici Group Holdings, Inc.
I can see we're only 2 followers of this stock.
I bought in at the $2.50 range and seen the drop until recent news: Board to apply for listing on a senior exchange; recent news of work in Brazil and in N.Car., have helped bring this little traded Company over the $3.00 range.
Holding further...
g.p.
News today; 'Bah, Humbug'?
The PR is fairly long and flowery, somewhat impressive, perhaps, but no $$$ and ... well, see for yourself, here are the two opening paragraphs:
"NEW YORK and SAO PAULO, Aug. 25, 2011 /PRNewswire/ -- Midas Medici Group Holdings, Inc. ("Midas") (OTCBB: MMED), an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, today announced that its CIMCORP brand was recently recognized by CEMIG (NYSE: CIG), one of the largest electric energy utilities in Brazil, with the "CEMIG Supplier Award."
The "CEMIG Supplier Award" focuses on encouraging the development of CEMIG's suppliers and is presented to those suppliers with the best annual performance. CIMCORP was the only company in the IT sector to receive the recognition, due to its specialization in data center services, virtualization and cloud computing. Among the criteria taken into account for the award, CIMCORP showed excellence in quality, safety, security and price."
Long here, but not on cloud 9 yet!
g.p.
The $1.95 is only one trade but the trend is there.
$2.00 a good entry point?
g.p.
I know, I know, not everyone likes
the OTC Journal selections.
MMED, that the OTC Journal has featured since May 11, remains a very thinly traded stock. Today, it's back to a single trade after a somewhat active Monday session.
From the OTC: "Midas Medici (MMED) is the public company that, until recently, didn't even know it was a public company. They are starting to know, and with this valuation and these numbers, stock buyers are going to start finding out about this one before too long.
You just gotta have a little faith these numbers are going to attract an audience, and it's starting to happen....".
Of course, your due diligence should dictate your actions. Compare the trades before May 11 and the ones after. You can see that trading is starting to, pick up, just a little bit. Do read their recent PRs.
GLTA,
g.p.
OTCJournal is following this one that IPO'd less than a year ago around $5.00.
Currently around $3.00
g.p.
Followers
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2
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33
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Created
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06/04/11
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Free
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