Modern Medical Modalities Corp.(fka MODM)

[Renee]

MODM revoked:

http://www.sec.gov/litigation/admin/2013/34-68991.pdf

[Renee]

MODM SEC Suspension:

http://www.sec.gov/litigation/suspensions/2013/34-68726.pdf

ORDER:

http://www.sec.gov/litigation/suspensions/2013/34-68726-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2013/34-68727.pdf

[SuperC]

MODM .006 http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=modm

http://www.otcmarkets.com/stock/MODM/company-info

http://www.mmmcorp.net/
Mmmcorp.net Mmmcorp.net is COMING SOON to REGISTER.COM
Register.com

Registrant:
Domain Discreet Privacy Service
ATTN: mmmcorp.net
12808 Gran Bay Pkwy, West
Jacksonville, FL 32258
US
Phone: [phone]
https://plus.google.com/108047008371908034758/about?gl=us&hl=en

logged

[SuperC]

MODM.01 today, hmmmm recent kimzer catch: http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=%20modm

[HUMMEL]

thanks al lot for your help,
I read the report from today (all) - I think it is and was a good deal. The Company gets fresh money to start in a healthy future.
I you think this is a bad deal - say this in your opinion.

Regards ,

Hummel

[AliAngel]

Escrow and Indemnification (page 6)


Pursuant to the Asset Purchase Agreement, we agreed that $300,000 of the cash portion of the purchase price will be placed in an escrow account in order to secure NJIP against claims for losses or damages arising out of any breaches of our representations and warranties and other items customary for a transaction of this type.




Consequences to Shareholders (page 6)


Our shareholders will not receive any cash, stock or other property in connection with or as a result of the Asset Sale.




Interests of Directors and Management in the Asset Sale (page 7

[HUMMEL]

Thanks for your answer.
I don't missed this part - the part says we get no cash or dividend from this deal - thats all. The Cash and Stocks go to the company an I think we will see this in the finacials -
5 Million in Cash and Stocks goes to the Assets - is that bad ?

Regards, Hummel

[Entangled Proton]

You may have missed this line

Our shareholders will not receive any cash, stock or other property in connection with or as a result of the Asset Sale.

[HUMMEL]

No interest from this 8-K ?
I think this was a great deal, they get $5,000,000 in cash plus 75,000 shares of restricted common stock of RadNet.
RadNet a publicly traded company who is on the NASDAQ Global Market under the symbol RDNT (“RadNet”).
MODM of November 2, 2009, there were 25,323,385 shares of the registrant’s common stock, $0.0002 par value, outstanding.
25,323,385 shares at 0,04pps is only 1,101,2935 Million.
Have I something misunderstand ?

Regards,

Hummel from Germany

[jas2mel]

8K

http://www.sec.gov/Archives/edgar/data/902635/000114420409061809/v167579_8k.htm

[AliAngel]

revenues doown a little.


MODERN MEDICAL MODALITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

September 30,
2009
(Unaudited) December 31,
2008
Assets
Current assets:
Cash and cash equivalents $ 177,138 $ 46,518
Accounts receivable (less contractual allowances of $3,319,500 and $2,813,800, respectively) 1,068,867 989,544
Note Receivable 49,646 -
Prepaid expenses 14,026 41,808

Total Current Assets 1,309,677 1,077,870

Property and equipment, net of accumulated depreciation of $3,542,265 and $3,351,672, respectively 906,173 1,088,894

Other assets:
Purchased software 1,287,917 1,287,917
Deposits 36,270 37,670

Total Other Assets 1,324,187 1,325,587

Total Assets $ 3,540,037 $ 3,492,351



See notes to financial statements.


3
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MODERN MEDICAL MODALITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

September 30,
2009
(Unaudited) December 31,
2008
LIABILITIES AND STOCKHOLDERS' (DEFICIENCY)
Current liabilities
Accounts payable $ 1,331,335 $ 708,911
Accrued expenses 1,230,762 1,302,839
Current portion long term debt 1,430,518 1,406,840

Total Current Liabilities 3,992,615 3,418,590

Other liabilities
Long term debt, net of current portion 94,652 211,387
Loans payable shareholders 235,899 235,899

Total Other Liabilities 330,551 447,286

Total Liabilities 4,323,166 3,865,876

Minority interest - -

Commitments and contingencies - -

Stockholders' deficiency:
Preferred stock, $0.0002 par value, authorized - 1,000,000 shares—issued and outstanding - 0 shares - -
Common stock, $0.0002 par value, authorized - 99,000,000 shares—issued 26,527,051 shares and outstanding 25,323,385 shares at September 30, 2009 and issued – 26,527,051 shares and outstanding 25,673,385 shares at December 31, 2008 5,305 5,305
Additional paid-in capital 11,905,803 11,799,216
(Deficit) (12,556,737) (12,115,546 )
Treasury stock, 1,203,666 and 853,666 shares, respectively, at cost (137,500) (62,500 )

Total stockholders'(deficiency) (783,129) (373,525 )

TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) $ 3,540,037 $ 3,492,351



See notes to financial statements


4
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MODERN MEDICAL MODALITIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS


For the nine months ended For the three months ended
September 30, September 30,
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
2009 2008 2009 2008
Revenues:
Net revenues from services $ 5,189,334 $ 5,629,012 $ 1,659,832 $ 2,086,809
Cost of services provided 4,308,782 4,283,750 1,550,570 1,446,320

Total operating income 880,552 1,345,262 109,262 640,489

Operating expenses:
Selling, general and administrative 991,140 2,178,481 376,483 1,425,236
Depreciation and amortization 190,593 211,112 61,858 67,425

Total operating expenses 1,181,733 2,389,593 438,341 1,492,661

(Loss) from operations (301,181 ) (1,044,331 ) (329,079 ) (852,172 )

Other income (expenses):
Interest expense (204,832 ) (305,435 ) (48,454 ) (39,982 )
Gain from restructured debt - 625,274 - 625,274

Total other (expenses) (204,832 ) (319,839 ) (48,454 ) 585,292

(Loss) before income taxes and minority interest (506,013 ) (724,492 ) (377,533 ) (266,880 )

(Benefit)/provision for income taxes (64,822 ) 125,855 88,924 109,150

(Loss) before minority interest (441,191 ) (850,347 ) (466,457 ) (376,030 )

Minority interests - - - -

Net (loss) $ (441,191 ) $ (850,347 ) $ (466,457 $ (376,030 )

(Loss) per share, basic and diluted $ (0.02 ) $ (0.03 ) $ (0.02 ) $ (0.02 )
Number of weighted average shares outstanding 25,432,760 24,425,736 25,323,385 24,873,607



See notes to financial statements.

[AliAngel]

Now i have to set up the ibox.

[AliAngel]

I think i will mod this .

[AliAngel]

gotta love your own chat board.

[AliAngel]

I am here all by myself.