August 16 8K shows the deal is dead. I would not be surprised if someone wasn't prosecuted for this scam. Sorry for all the innocent shareholders who believed in this company.
I am not an investor but the closure of their Nuaxess plan left all of my coworkers and family in medical debt despite paying premiums to them through the end of 2022. They claim they were defrauded with little to no evidence, but that does not absolve them of their fiduciary responsibilities as sponsors of a self-funded health plan. It's quite a deplorable situation. The company is a sham run by a sketchy individual, Frontiere, that has already had one other company ($LRDG) delisted due to inaccurate information posted about their BS covid oral sanitizers (https://www.sec.gov/files/litigation/suspensions/2020/34-89627-o.pdf). It's obvious he knows nothing about insurance if you watch his youtube interview with the biased parrot Hunter Gaylor from 6 months ago. Call their contact number listed on the recent SEC filings to hear Jessica ask if you've fallen and can't get up: (877) 465-8080. I feel like there's going to be a documentary about this story one day...
He said he is not an investor and a bitter investor here is a oxymoron without the oxy.
This is definitely a bitter investor.
Hello, I am not an investor in this company (thankfully). However, please be aware that MMMM has not paid medical claims for hundreds (potentially thousands) of their 2022 NuAxess/OpenAxess plan participants, leaving patients such as myself, my coworkers, and my family in 10's to 100's of thousands of dollars in medical debts (each). This massive fraudulent scheme is slowly unraveling. Strangely, despite their poor financials and not meeting their fiduciary responsibilities to patients on the plan, they are now buying fringe electric racecar companies. Their lawsuits (e.g., against Acrisure and Adler Windows) are slowly failing one-by-one.
Please find more info direct from impacted individuals: https://www.reddit.com/r/AskHR/comments/11zmgii/open_med_claim_previous_employer_defunct_medical/
And see: Davis et al. vs NuAxess et al.: https://drive.google.com/file/d/15Ea8cOaHG-gtI53SSp1gdv10gmTtZaRW/view?usp=drive_link
Note that we are going after these crooks via various federal and state agencies with every tool that is within our lawful rights.
See their most recent 8-K announcing the EV purchase... call the number they have listed as their contact info and you will hear a spam automated "medical alert" message. These folks are fraudsters. Get out while you can... or buckle up for the ride with us (the victims)...
Wondering if makes any sense selling ? I can't write off the loss. I wish I was never introduce to Barry who introduced me to this ceo
Probably quite a bit of revenue reversed from prior quarters for non payers
Going concern caveat makes investment risky. Sorry for your loss.
Rumor has it auditor advised them to not declare revenues during the months when fraud was at its highest. Let's see what q1 says in 30 days
No, they’re f’ing heinous.
We must be out of Healthcare and now in the lawsuit business huh ?
$MMMM Interview March 2nd - https://open.spotify.com/episode/426XzCWGalZoEZ9WrxOtAp?si=Yu6IAfE-Ss2bpa6UY4k9Ug&nd=1
More of the same BS we have been hearing for so long. Acquisitions mean more dilution. Not a word on the pending lawsuit.
NuAxess assigned over 500 staffed employees’ contracts from NuAxess for the cash value of approximately $5 million.
Yes! Read this. I’d like to see them quickly settle this out of court for quick $$$ 5X the market cap !
It could take years to settle this.
It will take months in the disclosure process for the opposing counsel to see that their clients are screwed and cannot win.
$100,000,000 in potential damages and the PPS drops.
Birdman left 3 months ago. All promoters are gone. Joey is a liar. Claimed all these big deals on the webinars and literally nothing ever happened.
Ah yes, I am still sitting on some of that crap in my ROTH.
But Happy Days are Here Again.
You forgot LRDG. Another one of his gems.
I guess you got it By George. A fool and his money is soon parted. All of these scams were recommended by and touted by the Birdman. He belongs with the other Birdman in Southern California. Apologies to Bert Lancaster.
Not sure what the "birdman" talk has to do with Joe Frontiere pulling another scam on investor - KPAY, GXXM, MMMM, ect. Quad-M just went through open enrollment, the biggest quarter in the insurance business and has nothing to show for it. Had there been we would have seen some PR. As of mid Dec. they had nothing per his direct answers regarding same on the last wenbinar. The so called new CEO still has yet to update and associate himself with MMMM on LinkedIn...hmmmmm. Joey has gone off grid. Maybe he is running to Isreal as well. Come on, $0.0265 with all the inflated lives, revenues, ect. Just like GXXM you should expect a massive RS and another dump to .0005
The Birdman has flown the coop as has most of the smart money. A penny for your thoughts.
I’m not familiar with the birdman. Does he say the same thing?