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Look I’m calling out the facts from the S1. I don’t care what you believe.
Vista stock while in possession of material, adverse and nonpublic information, which allowed them to avoid losses in the amounts of $397,362.38 and $421,563, respectively. The Commission's complaint and amended complaint alleged a wide-range of securities law violations, including that misstatements were made by Vista in filings with the Commission.
Who was the CEO TNTY that brought Larry? Huh can’t remember, I think he got convicted by the SEC!
Great your probably another insider!!! OTC bull shit.. remember it all start with R
Lol okay. Just go through the history. Been in tnty since 2017
How can I forget the Laptop legend videos at the height! Threeflight hated them!
The people that were here from day one
Threeflight, darklady stockgambit and gonzalo!!
Pumper goingforit today
STOckwitch
Drevwv pumper!!’ Thiscouldbetheday same pumper!! Austro pumper
Threeflight was right should sold at .50 cents!
Bro I'm the one that ran this from .016s lol
Believe what you want I got a lot of people in this from .02 cents
See you said 2m on this post
We have more people calling and complaining
You said you had 3m together earlier lol
Together we have over 10mm I hope you have enough powder!!!!
Added tons today. Waiting for yours
And remember that the people touting a stock may well be insiders of the company or paid promoters who stand to profit handsomely if you trade.
I’ve seen the same bull crap comments on different boards by the same insider clown!!! BEWARE!!!!
Dump coming now, bag holder hitting the exit! Might be time to unload this POS!
Unsuspecting investors then purchase the stock in droves, pumping up the price. But when the fraudsters behind the scheme sell their shares at the peak and stop hyping the stock, the price plummets, and innocent investors lose their money.
Fraudsters frequently use this ploy with small, thinly traded companies because it's easier to manipulate a stock when there's little or no information available about the company. To steer clear of potential scams, always investigate before you invest:
Here are a few steps you can take:
Don’t Believe the Hype
For investors, unbelievable investment opportunities can be public enemy number one. If you hear about an investment opportunity that sounds good to be true – whether on the Internet, through an email, a fax, a voice mail message, a text message – you name it. Listen to your – insert caring relative’s name here – and assume it’s a scam, unless you can prove through your own research that it is legitimate. And remember that the people touting a stock may well be insiders of the company or paid promoters who stand to profit handsomely if you trade.
Find Out Where the Stock Trades
Many of the smallest and most thinly traded stocks cannot meet the listing requirements of the Nasdaq Stock Market, the New York Stock Exchange, or other national securities exchanges. Instead they trade in the "over-the-counter" market and are quoted on OTC systems, such as the OTC Bulletin Board or the Pink Sheets. Stocks that trade in the OTC market are generally among the most risky and most susceptible to manipulation.
that could work with the building of cities within walls though. all in one together. but chicago and manhattan. l a and sf.
Ask stacking up again, going to .05?
How low does this need to go to kill the dream?
I agree with you the model need to integrate with fitness and health.
As building them in high rise building as a amenity that idea hasn’t panda out. Healthy millennials aren’t going to the Good Clinic at the level needed to make it sustainable business.
The realty is elderly people go to multiple doctors a week because they are sick and want to stay alive. The model should of focused on this age group, also living thru a Pandemic this could of been the best time to grow the business.
It’s sad to see Larry promoting flu shots on Linked in, I guess no more marketing dollars.
So now they owe 375k
60 months, with no revenue.
100k in three month, isn’t going to cut it.
Yet again you failed to mention from the S1/a
As of December 31, 2021, based on communication with Bank of America, it is expected that approximately $25,000 of the PPP loan will be forgiven and we have received conditional approval to pay the loan off over sixty months.
if this is to be a sucess they need to allign with gnc type la fitness and a drug company. as well as a testing lab. must all work together as one towards fitness aspect and being able to promote as a wellness alternative.clothing lines and exercise equipment would be in mix too. Have done allignments sucessfully in small ways locally like this. but nationally with a health insurer would be the best option.
I agree. As you get older, this becomes more important.
there are not enough preventave people like me who goes for blood tests 2 times a year and tries to maintain weight and activity and nutrition.sad but true till it becomes a problem then people react
So what you are saying is buy more shares?
The business sucks! Preventive care doesn’t sell. If by the glory of god this we’re listed with their terrible revenue numbers they will be in the cents in less then 1 year. Revenue and growth matter
Not profit!
The most common problem are the puffer fishes. They’re those that tout how great their business is, but who may have unrealistic expectations on their abilities and the growth within the market.
To be listed on the NASDAQ exchange and reporting system, the following requirements:
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000
Can alternative offerings “graduate” to the NASDAQ
It has been rumored number of pushers for reverse mergers tout the ability of a company now listed on the Over the Counter (OTC) exchanges can “graduate” to NASDAQ or the NYSE. This is certainly possible and many salespeople will reference some big names like Turner Broadcasting, Occidental Petroleum or Berkshire Hathaway.
In a former life, when the NASDAQ was not as big as it is today, this was certainly more prevalent, but each of these companies would now be a wide exception to the rule. Unfortunately, transitioning to larger exchanges is much more difficult than many micro-cap business owners and management assume. However, it’s not out of reach as the numbers above showcase. Your best bet for being able to step up to the next exchange: build a good business that is investable. That is, focus on the business and not the financial engineering behind the business. If you have a great business, the money will flow in, the stock price will increase and the transition will be more than natural. The most common problem are the puffer fishes. They’re those that tout how great their business is, but who may have unrealistic expectations on their abilities and the growth within the market.
It does have to do with share holder equity and a 4 dollar stock price. And .07 and going lower those numbers don’t work!
You don't really have any clue how this works. Every startup company in NASDAQ has no revenue and no cash. Has nothing to do with requirement to be listed.
That is IF they meet all of NASDAQ’s requirements. They don’t have revenue or cash in that bank. Nasdaq is just a dream at this point.
They owe BOA
And have 6 mechanical leans that could become foreclosures.
From the S1-A you failed to mention on page 37 (Proceeds To Be Used To Pay Off Existing Liens $ 2,200,000)
Use of Proceeds
Estimated Offering Fees and Expenses
Underwriting commissions (7% of gross proceeds from shares offered by us to public)
$ 840,000
Reimbursement of underwriter for expenses
$ 125,000
NASDAQ and FINRA listing fees
$ 11,225
Printing expenses
$ 8,000
Legal fees
$ 300,000
Estimated Offering Fees and Expenses
$ 1,284,225
Proceeds To Be Used Toward Opening Additional Clinics
Proceeds To Be Used To Pay Off Existing Liens $ 2,200,000
Ha ha All facts from today’s S1A
I’m sorry you don’t like facts!
The mechanic’s liens described above on six of our clinics total $2,191,861.
All liens were filed pursuant to Minnesota’s and Colorado’s Mechanic’s statutes and relate to past due obligations for construction and related work on certain of our clinics. Pursuant to Minnesota’s and Colorado’s Mechanic’s statutes, the contractor-creditors may have the ability to commence a mechanic’s lien foreclosure action against the real properties in question to recover amounts due, costs, legal fees, and interest.
Additionally, the mechanic’s liens could result in defaults under our leases for the affected clinic locations. If that occurs, the leases for the affected clinic locations allow for acceleration of amounts due under the lease, among other damages and remedies. If that happens, we would have to cease our operations at the affected clinic locations and we may lose some or all of our customers.
We are attempting to negotiate modifications to our agreements with the contractor-creditors. However, we cannot assure you that our efforts will be successful. If we are unable to timely clear the mechanic’s liens filed against our clinics or otherwise negotiate modifications to our agreements with the contractor-creditors, it will have a material adverse impact on our business, results of operations, and financial condition.
On July 21, 2020, Bank of America notified the Company in writing that it should not have received $440,000 of the loan proceeds disbursed under the Note. The Company investigated the terms of the application and discovered its former President had erroneously represented it was refinancing an Economic Injury Disaster Loan when no such loan had been received. Bank of America requested that the Company remit the funds received back to Bank of America. The Company is currently working with Bank of America on a repayment plan. If we are not successful in negotiating repayment terms, it could have a material adverse effect on our financial condition.
Bleeding
Six Months Ended
June 30,
2022
2021
Statement of Operations Data:
Net sales
$ 289,461 $ 11,216
Cost of products sold
1,194,510 5,318
Gross (loss) profit
(905,049
)
5,898
Total operating expenses
4,904,758 2,356,118
Loss from operations
(5,809,807
)
(2,350,220
)
Total other expenses
(1,640,672
)
(1,521,645
)
Net loss
(7,450,479
)
(3,871,865
)
?
If we are unable to generate significant revenue, we may need to raise additional capital which may not be available to us on acceptable terms or at all.
?
We may incur additional debt in the future which may contain restrictive covenants.
?
We have identified weaknesses in our internal controls, and we cannot provide assurances that these weaknesses will be effectively remediated, or that additional material weaknesses will not occur in the future.
?
The issuance of additional shares of our Common Stock and Warrants, or securities convertible into shares of our Common Stock, may dilute the percentage ownership of our existing stockholders and may make it more difficult to raise additional capital.
?
Our operating results and liquidity needs could be negatively affected by market fluctuations and economic downturns.
? Mechanic’s liens were placed on six of our clinics that could have a material adverse impact on our business, results of operations, and financial condition.
We are applying to list our Common Stock, Series A Warrants and Series B Warrants for trading on the Nasdaq Capital Market, but we cannot assure you that we will meet all of the required listing standards.
They don’t meet any of the standards!
We cannot assure we will be able to compete in the markets in which we operate which could cause you to lose your investment.
Another S1A lol really wtf
Market under the symbols “MITIW” and “MITIZ” respectively, but we cannot assure you that we will meet all of the required listing standards.
The filing had them .09 cent, now even lower. At this rate they might need 200 to 1.
Ask stacking up, this heading to .06.
Micro loans are only going to take you so far!
From .02 to .59 cents
Back in .07 and probably heading lower, inflation is here and capital markets are a mess.
Wait until they report another 100k quarter of revenue. We’re is the ramp up? No buy in from the consumer!
S1 after S1 with nothing to show?
Curious how many shares did you have?
I got in early, liked what I saw
Watched it run to highs
STarted selling when it hit .30 ( I remember PSPW)
Sold my last between .15 and .20
Once again, makes you think
Greed drives the OTC, should have sold some between .30 and .60
But still turned a pretty penny here
sorry lady. it seems we follow too often the story and not the people.shame is it would have been good with more actual work here.
We added 1.5m thanks
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A recently closed acquisition for Mitesco is MyCare, LLC. As pointed out by Roland Rick Perry, Managing Editor of the Biotech Stock Review, MyCare, LLC is led by the team that brought QuickMedix/Minute Clinic to scale. QuickMedix/Minute Clinic was acquired for an estimated $170 million by CVS in 2006.
CEO Larry Diamond then touched on the details of its General Solicitation Offering Under Regulation D 506(c) of the Securities Act solely to accredited investors. Learn all the details of that offing here.
Diamond stated, “As our organization has been progressing, we created a strategy to use the public market to raise capital and bring efficiencies within our holding company that for many companies are not typically available. We have the ability to provide our acquisition targets with core services such as accounting and tax guidance, digital marketing expertise, and the like. Many smaller organizations struggle under the burden of trying to get the best services possible and run their day to day operations. Using the capital markets, we are raising money to be able to acquire these companies and to provide the growth capital necessary to scale these businesses at an accelerated rate.”
Diamond went on to discuss the direction of Mitesco going forward and how the Company will follow a similar path as MTBC, Inc.Mitesco Update:
Company Announces Details of its General Solicitation Offering Under Regulation D 506(c) of the Securities Act Solely to Accredited Investors and Institutional Investors
DENVER, CO, April 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ? Mitesco, Inc. (MITI) (the “Company” or “Mitesco”) announced today the details of its general solicitation private placement offering (“Offering”) solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”).
The Company has engaged CIM Securities, LLC ("CIM") as the exclusive lead placement agent. CIM invites all interested broker-dealers and accredited investors interested in participating in the Offering, to contact Mr. Jack Myers at CIM Securities via email at: JMyers@cimsecurities.com or by phone at: 619-749-2460.
“The Company has several initiatives which will benefit from this funding, including the roll-out of the MyCare clinic network. The team is moving forward, and while the effort will begin in Minneapolis, 23 states are encouraging nurse practitioners to practice to the full scope of their skills and training. Those states would be primary targets for clinics in both urban and rural locations. We are including the implementation of telehealth as a part of the practice. We believe telehealth will enhance the providers’ ability to focus on consumer needs wherever and whenever they arise,” shared Larry Diamond, the CEO of the Company.
“There are technology-oriented acquisitions, both domestically and in Europe, that can be accelerated with this level of funding. It is an excellent time to be acquiring proven solutions that reduce cost, improve quality, and enhance convenience for the consumer,” explained Julie R. Smith, President & COO.
The Best Efforts Offering, which will have maximum gross proceeds of up to $15 million in Units, consists of Series A Preferred stock and Warrants for the purchase of common stock:
Additional details are included in the Company's Private Placement Memorandum which is available to any accredited investor by contacting CIM Securities, LLC.
This advertisement does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful.
Under Rule 506(c), general solicitation of offerings is permitted, however, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes above $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).
Our Operations and Subsidiaries: My Care, LLC, and Acelerar Healthcare Holdings, LTD.
MyCare, LLC is a wholly-owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. MyCare is building out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and expand nationwide. There are 23 states today that facilitate nurse practitioners practicing to the full scope of their skills and training. The executive team at MyCare includes several of the key executives who brought Minute Clinic (previously known as Quickmedix) to scale, which was acquired by CVS for $170 million in 2006.
Acelerar Healthcare Holdings, LTD. is the Company’s wholly-owned, Dublin, Ireland based entity for its European operations. There are several targets in Europe under evaluation and management believes cross border expansion for these new, proven healthcare technology solutions may prove a profitable opportunity.
About CIM Securities, LLC
CIM Securities (www.cimsecurities.com) is an independent investment bank that serves micro-cap and small-cap companies by providing capital raising solutions and also merger and acquisition services for companies seeking growth capital or services. CIM Securities also caters to individual investors providing comprehensive brokerage and money management solutions. CIM Securities provides institutional investors and individual investors periodic opportunities to participate in public offerings and private placements of public or private companies.
http://internetstockreview.com/mitiupdate/
DATE/TIME | SOURCE | NEWS RELEASE |
---|---|---|
03/03/2020 08:00 AM EST | GlobeNewswire | True Nature Holding, Inc. DBA Mitesco, Inc. Announces New Nurse Practitioner Based Business Unit, Senior Team Comes With Acquisition |
01/06/2020 08:00 AM EST | GlobeNewswire | True Nature Holding, Inc. DBA Mitesco, Inc. Adds Distinguished Healthcare Executive to Board of Directors |
12/23/2019 08:00 AM EST | GlobeNewswire | Ms. Julie R. Smith, the President, COO and Board Member for True Nature Holding, Inc., Provides Detailed Overview of 2019 Milestones and Outlook for 2020 in a New Interview at SmallCapVoice.com |
True Nature Holding. Inc.
7535 East Hampden Avenue
Suite 400
Denver, CO 80231
Email:
Investor Relations
Phone: (844) 383-8689
Fax: (720) 575-5701
TNTY Simple Moving Average DAILY CHART
DISCLAIMER:
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed
and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered
for information purposes only. No stock exchange has approved or disapproved of the information
Over Last 12 Months:
-Added Mr. Tom Brodmerkel to Board of Directors. Mr. Brodmerkel has extensive experience in healthcare technologies as the CEO of Wave Health Technologies.
-Complete name change from True Nature Holdings, Inc. (TNTY) to Mitesco, Inc. (MITI).
-Complete acquisition of “The Good ClinicTH”. Key leadership includes Mr. Michael Howe (CEO), Dr. Rebecca Hafner-Fogarty (CMO), Dr. Kevin Lee Smith (Chief Nurse Practitioner), and Dr. Jim “Woody” Woodburn (President & COO). These were key management for the acquisition of Minute Clinic, which were acquired by CVS in 2006.
-Established a relationship with CIM Securities, LLC as its advisor for investment banking related transactions.
-Initiated a $15 million in units for Series A Preferred stock and Warrants for the purchase of common stock. The unit will be priced at $25.00 per share, which pays 10% annual dividend paid monthly and is redeemable after three years. This is not convertible into common stock. Additionally, for each $25,000 of Series A Preferred stock purchased, the investor will receive 2,500 three (3) year investor warrants for the purchase of common stock, half (1,250) of which are exercisable at $0.15 per share, and half (1,250) of which are exercisable at $0.30 per share as warrants. -
-SmallCapVoice.com featured Larry Smith to discuss Mitesco’s business model and vision. The interview can be heard at: https://www.smallcapvoice.com/interview-mitesco-miti/.
-Added Dr. H. Faraz Naqvi to the Board of Directors. Dr. Naqvi is a senior executive with over 25 years’ experience in healthcare investment banking and asset management, is also a licensed medical professional with in-practice experience, and with telemedicine.
-Added Mr. Juan Carlos Iturregui, Esq. to the Board of Directors. Mr. Iturregui has over 28 years’ experience in business law, including extensive international work in the Caribbean, Latin America, and Europe. His professional background includes both domestic and international transactional healthcare-related activities. Also, his professionalism and knowledge led to governmental appointments to President George W. Bush and President Barack Obama’s administration.
-Mitesco, Inc. establishes a working relationship with NordHaus to place “The Good ClinicTH” in newly developed apartment complexes. NordHaus was developed and is owned by Lennar Corporation, an NYSE listed builder and developer of note. Lennar currently owns 52 similar apartment complexes in the US and is expanding annually.
-“The Good Clinic” signed two (2) letters of intent proving for the expansion to the Denver, Colorado marketplace. The new sites are inside two new multifamily developments, one known as “Citizen West” and the other known as “Radiant”. Both projects are developed by Lennar Multifamily Corporation, a subsidiary of Lennar Corporation. Both locations are set to open in 2021.
-Filed all public statements to maintain OTCQB status.
Moving Forward
-Our current plans are for up to 50 clinics nationwide developed over the next three (3) years, assuming sufficient funding is available, for a total anticipated financing of up to $50 million, generally using or previously announced Series A Cumulative Perpetual Preferred A stock, which pays a 12% cash dividend.
-Actively looking for acquisition opportunities. The integration of existing clinics could enable the company to gain, or expand, its market presence more rapidly than previously planned.
-Close Preferred Series A Funding
Funding Video DD: Explaining how MITI operates: https://youtu.be/xjR29Dd9jvI Explaining the inside buying: https://youtu.be/bh6zY84itDM
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