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NEWS OUT TODAY!
https://www.globenewswire.com/news-release/2023/10/04/2754999/0/en/Vezbi-Super-App-to-Integrate-WPFH-Acquisition-of-International-Telemedicine-Company.html
This time around, I am very optimistic!
Once again, we are holding position. However, I currently have more hope than I have had in the past two years. I am expecting good news.
What happened to the India smart city? Supposedly, they had already secured a line of credit for up to $100M. Has anything more about that been said that I have missed?
I dropped out for awhile because it was getting harder to stay optimistic. I have too much money invested here. But, I am trying to get caught up now.
Just finished watching Dan being interviewed on NewsMax. Great PR for the company.
Great post, Peafunke. I think Azart has some good points, but I like your strategy better.
He has issued unaudited 2019 financials and has stated the 2020, 2021 and 2022 will be audited, but not the 2019. If multiple accounting firms refused to sign off on audited 2019 financials, then FINRA won't be able to get them either.
I am not so much worried about whether we will get our shares, as what he will do to the company after that. As far as the financials, there will be audited financials for all years except 2019. It is public knowledge there was an audit for 2019. I think that tells us a lot.
This experience has ruined my trust and optimism. Probably a good thing. I used to be too trusting.
Did you read the email I sent to the attorneys about an hour ago? I cc'd you.
I can't disagree with you, DTGoody, if we get our shares and CS gets us to the NASDAQ. However, as long as CS continues to issue himself more shares, our "proportionate shares" becomes less and less. IMO, we need to make sure that we keep working on holding him accountable.
BTW, everyone should think about why they are publishing 2020, 2021, and 2022 audited financial statements, but unaudited for 2019. It is public information they had audits (yes, plural) done for 2019, but no financial statement signed by an accounting firm was issued.
I no longer have faith that Charles Scott will do the right thing for anyone but himself. For one thing, there are indications that he has. once again, issued himself more shares. That will affect the proportionate shares we receive. I haven't forgotten that what he did to the LFER team was unconscionable. Only a sociopath could do that. And have you noticed he is skipping right over submitting an audited 2019 financial? Only submitting 2020, 2021 and 2022 as audited statements? I know for a fact there was an audit for 2019, so what did the accountants find that caused them to not sign off on the statements?
I can still hope for the best, but my belief is that unless Scott is forced to be accountable, he will only throw the shareholders crumbs to get us off his back. This is his way to get rid of some of the pressure he has been made to feel lately.
Sorry to be so negative, but this is my opinion. I am usually an optimistic and trusting person.
Hi Xanadu,
It wasn't because LIFR failed to act. Charles Scott scammed them. They were excited to work with CS. CS got his shares issued from LIFR before the final closing. Then, he used his majority status in LIFR to put himself and friends on the LIFR board and fired the LIFR people. They tried to prevent it by issuing themselves shares, but CS blocked that. Now they have a lawsuit against him and CareClix.
Pam
Update for CareClix stockholders:
Once again, Charles Scott is about to finalize a new sale of the company. See below. The same ploy he used last time when we were gaining traction in filing a suit against them. That time, the shareholders involved opted to stop our legal proceedings and put their faith in the LFER merger. He probably thinks that strategy will work again. I have indications that make me believe the company they are" selling to" is a company they themselves created. I may be wrong. Regardless, this time, we are farther along and we are resolved to keep going, regardless of any sale or merger. There are no guarantees, in any lawsuit, who will win, but we believe we have a case, and not just against the company. I will not post publicly our strategy or how far we have gotten, but if you have any interest in joining us, please give me a call. 765) 661-9983. Also, please pass this on to any shareholders you know who no longer reads this board.
Pamela
XSOVT BRANDS, INC (XSVT) ANNOUNCES AGREEMENT TO ACQUIRE TELEMEDICINE GROUP
February 28, 2023. Melbourne, FL. Xsovt Brands, Inc. (OTC Markets Pink- XSVT) announces that it has entered into a Stock Purchase Agreement with Solei Liquidation Trust, a Florida trust, to acquire all of the outstanding equity of Virtual Health Holdings, Inc., a Florida corporation, in a stock for stock exchange. As a result of this acquisition, which is expected to close by March 8, 2023, XSVT expects to request termination of its current shell company status as reported by OTC Markets and intends to apply for full SEC reporting status for the combined corporate group as soon as the pending audit of the CareClix Companies for the year ended December 31, 2022 is complete.
Virtual Health Holdings, Inc. is the parent company of four operating subsidiaries in the telemedicine markets: CareClix, Inc., CareClix Services, Inc., MyCareClix, Inc. d/b/a MyGuardianDocâ„¢ and CareClix RPM, Inc., and manages CareClix Network, PA (together the CareClix Group).
XSVT is acquiring the CareClix Group in order to expand into the Telemedicine and Medical Software Services industry. The group of companies under the CareClix Group will operate as our wholly owned subsidiaries and include a telemedicine medical services company, a direct-to-consumer company, a software-as-a- platform company, and an RPM (remote patient monitoring) company.
CARECLIX, INC.
CareClix Inc is a cloud-based enterprise telehealth software development company which develops and supports the CareClix® Anywhere Virtual Care Management Platform. CareClix Inc mission is to improve healthcare delivery through increased ease, interoperability, data management, and patient engagement. The CareClix® Anywhere Telemedicine platform was first developed in 2012 by practicing physicians; and development continues to be overseen by active licensed physicians. This differentiates CareClix® from its competitors. Our doctor focused approach drives our success in creating a suite of tools that improve care access, coordination, cost and quality. The CareClix® platform seamlessly and modularly integrates popular EHRs, claims systems, e-prescription, diagnostic laboratories, payer eligibility, medical devices and patient education. Currently the CareClix® virtual care platform has been recognized worldwide as one of the most complete telehealth platforms for medical service providers and has been nationally and internationally ranked by major organizations including KLAS. CareClix, Inc provides the technical platform for the CareClix Group and sells it as Software-as-Service globally.
CARECLIX SERVICES, INC.
CareClix Services, Inc is a virtual healthcare delivery company. CareClix Services Inc combines the CareClix software with our multinational, multispecialty medical network to offer virtual healthcare services to a wide variety of health care services such as insurers, employers, affinity groups, healthcare systems, provider groups and independent physicians. CareClix Services, Inc is a leader in custom multinational virtual medicine. Our customers mix-and-match from our portfolio of technologies, medical services, and integrations. CareClix® also matches the transparency to our customers or partner’s comfort level allowing them to seamlessly grow their practice, their brand, and their revenue. CareClix Services is trusted by some of the best names in healthcare with more than 20 million individuals in the U.S. and over 35 other countries having access to CareClix' platform or services. Medical services are provided by our affiliate medical group CareClix Network PA. CareClix Network PA is a well-established network of primary care and specialist physicians, and hospitals – including mental health – both in the US and internationally.
MYCARECLIX, INC.
My CareClix, Inc operates as a direct-to-consumer healthcare delivery company providing affordable care with concentration on quality-of-care, patient safety and healthcare equity. MyCareClix operates as a subscription only program and has launched under the brand MyGuardianDoc™. Subscribers of MyGuardianDoc™ receive access to 24/7 on demand urgent care services, virtual primary care services, second opinion services, mental health, and medical guidance through CareClix’’ provider network and other outsourced healthcare vendors and suppliers. Subscribers also receive access to prescription discounts and in-home laboratory diagnostic testing for everyone residing in their household at wholesale pricing. For a small monthly subscription fee, consumers in the US can have access to these services. The company believes that MyGuardianDoc™ can help narrow the healthcare equity gap for our Subscribers and improve patient safety by providing an expert medical chaperone and other medical concierge type services under a simple, affordable and convenient model. MyCareClix has also formed a Patient Safety and Care Equity Council whose purpose is to help inform and advise MyGuardianDoc™ providers and patients on how everyday cultural and societal differences may irrevocably affect health outcomes. Each member of a MyGuardianDoc™ Subscriber’s households has unlimited access to licensed providers who are trained and expected to be sensitive and respectful of cultural, racial, and societal differences.
CARECLIX RPM, INC.
CareClix RPM, Inc will develop and support technologies and services related to expanding the reach of medical services through Remote Patient Monitoring and Remote Therapeutic Monitoring. CareClix RPM will distribute and monitor FDA approved healthcare devices for remote patient monitoring, remote therapeutic monitoring, and chronic care management. Utilizing the CareClix platform to track and report monitored patient data, CareClix RPM, Inc will create turnkey solutions for providers seeking to start or expand their remote patient monitoring, data integration, remote therapeutic monitoring, or chronic care management programs. CareClix RPM will procure and distribute devices and offer a multi-lingual patient engagement team with qualified medical oversight and thorough reporting for billing and care plan administration.
CARECLIX NETWORK PA is a Florida professional medical association affiliated with CareClix, Inc., which has contracted with medical professionals nationwide and globally to provide virtual healthcare consultations to patients of the CareClix Companies.
In the pending acquisition, XSVT will issue unregistered common shares to the Solei Liquidating Trust, which as a result will become the majority common shareholder of XSVT. As previously reported, Charles O. Scott, the Trustee of the Solei Liquidating Trust, acquired voting control of XSVT by the private acquisition of Series A, Series B and Series C Preferred stock of XSVT, and is also current Chairman and CEO of XSVT. The Solei Liquidating Trust was created as of January 1, 2022 when Solei Services, Inc. (a/k/a CareClix Holdings, Inc.) (Solei), agreed to sell the CareClix Companies in a stock for stock exchange transaction to an unrelated company and adopted a plan of complete liquidation, pending closing of that exchange transaction. On failure of that proposed transaction in Fall 2022, the CareClix Companies and other assets and liabilities of Solei were conveyed to the Trust in complete liquidation for eventual distribution to the former shareholders and creditors of Solei, and Solei has been liquidated and dissolved. It is the intent of the Trust to distribute all of the shares of XSVT received in the acquisition exchange to the former Solei shareholders in proportion to their holdings in Solei, and the remaining liabilities of Solei held by the Trust will be assumed by Virtual Health Holdings. That distribution will be undertaken as soon as the shares of XSVT held by
Forward-Looking Statements
Statements included in this release are forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events.
Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements.
About XSVT
Xsovt Brands, Inc. Inc is an alternative reporting, public holding company incorporated in Nevada, and with its principal offices now located in Melbourne, Florida. It is currently a shell company, but will enter the health and wellness field with its primary focus on telemedicine.
Contact
Xsovt Brands, Inc.
1270 N. Wickham Rd., Suite 13, No. 1019
Melbourne, FL 32935
(321) 306-0306
Could you explain how that works. How do they fleece US investors in the Australian stock exchange? Thank you.
Wishing everyone a Happy New Year!
Could you explain how that works. How do they fleece US investors in the Australian stock exchange? Thank you.
Wishing everyone a Happy New Year!
We all--well, maybe not the shorters or the ones who sold after the announcement, but the rest of us--owe Frank a debt of gratitude for talking ST3 out of this R/S.
I am only speculating, but I wouldn't be surprised if ST3 will have to do a smaller, more reasonable, split later to get us above sub penny. I could live with that but I would rather have it go up on its own. Which it could do if TPTW can meet a substantial milestone for any one of the projects that are on the table.
Our best hope right now is Frank. I am hoping Frank will be as successful in talking ST3 out of doing this R/S as he was the last time. Or, if not, at least talk him into a more reasonable way of doing the split. 1,000 to 1 is NOT in anyone's best interest. Not the shareholders. Not the company's.
I understand why some want to dump on Frank. Frank is the messenger and we all know the saying about that. But here is something that many don't know. Independent IR's often work, not for cash, but for stock in the companies they represent. They take on companies they believe will do well. In Frank's case, he has worked three years for TPTW with his only compensation being stock in the company. So, he has a lot at stake. Probably far more than most of us.
That dollar amount was based on my cost basis and the number of shares I will have left after the split. It will take getting the stock to $37.50 (approximately), post split, for me to recoup my losses. I did not make a mistake in decimals. That is what it will have to get to for me to break even. The share price needed will be different for each person, depending on their cost basis.
Even for those who bought sub penny (which I did not) prior to the announcement, they would not break even if it only goes up to $0.035. Let's say they bought 1,000,000 at $0.0035. Their cost would be $3,500.00. After the split, if the price per share went to $0.035, their shares would be worth $35.00
And there will be dilution, post split. The company needs to raise money. The number of shares authorized does not get split. By doing this split they will have more outstanding shares to sell.
I agree with you. I am positive Frank tried to steer ST3 away from going down this path.
I am down over 95%. $55k. The only way I can recover is for the stock to go over $37 per share after the split. What are the odds of that?!
Always. Filed an 8k today.
Filed with SEC to do a 1,000 to 1 R/S
They filed with the SEC to do a 1000 to 1 reverse split.
No, they were not.
Yes, I am still here. Just not keeping up with the posts like I used to. I still believe this company has a future, but they really do need to make some changes. As for Blue Collar, I realize marketing takes a different kind of expertise. That is why I said they should hire a marketing person(s). Content creation requires considerable talent as well as equipment. They already have that. They don't have the marketing piece, but there are a lot of people out there with marketing expertise. Hire the marketing talent, and they have the potential to save money on their own marketing needs as well as potential for a new revenue stream--all without having to make a big investment. Just an idea.
I don't know why TPT Global Tech needs to engage an outside marketing company when they already have a content creation company which seems to be very good at what they do. Why not add someone with marketing expertise to head up a department within Blue Collar Productions as TPT's in-house marketing arm? Who knows, they might be able to expand into a branch that brings in new revenues as a marketing company. They already have the assets and the talent to do so.
I rarely criticize TPTW, but it is my opinion they should determine what are their core strengths and concentrate on them. Do they want to be a tech company, or do they want to be a construction company? If it is a tech company, in what segments of technology are they most likely to be profitable? If it is in smart cities, go after contracts to provide the technical segments.
Sell off any operational subsidiaries that don't contribute to what has been determined as being the core strengths and aren't bringing in substantial revenues. Put a moratorium on buying new companies unless they are absolutely necessary--meaning TPTW has a contract in place for which there are segments where they don't have the expertise and they can't hire or sub-contract the expertise. (Notice I did not say "partner with.") Based on that criteria, the last acquisition shouldn't have happened, unless I missed a lot when I conducted my research.
Bottom line, streamline, streamline, streamline, and get on a track to profitability. Just my opinion.
My Internet provider blocked the website for vume.live as unsafe. When I went around it anyway, I got a 404 error, no such page. I would be interested to know if anyone else is experiencing that.
I would suggest not posting the second link. It has no connection to Vume live. They just try to get you to think it does so you will click on their advertising links. I have encountered AlphaDesign before.
Thanks, MightyX. Good to repost that.
Thank you. I think it's high time for ST3 to do a call. Let's hope he does. There is supposed to be a shareholder's meeting every year.
Could someone please post again the information about the shareholder's call?
Thank you
Really appreciate your spelling that all out, Peafunke. Thank you.
Maxis is still showing CareClix on their website as their global telehealth provider. I would think that would be an indicator that CareClix is operational.
Loved the post Xanadu. Thank you
I was asked to make this post.
Most, if not all, of the SOLI people know who I am and are aware that a group of us started legal action previously. We dropped it when the deal with LFER was announced. The majority of the group were hopeful that things would turn out well and didn't want to rock the boat. Maybe doing the LFER deal and us dropping the action wasn't the main reason that Charles Scott set up this deal but who knows. It was probably at least one reason. Either way, at this point I am not holding out much hope that we will ever get our LFER shares or, if we do, that they will ever be worth much. Does anyone agree that CS has probably shafted us? (I am guessing the former CEO of LFER, as well as some of the management team and Board Members probably feel that way.)
We have a plan that goes much further than before and we will NOT give up this time. I will not divulge too much on this board because we do not know who is reading. Please feel free to call me if you want to find out more. Expect to be vetted before I say too much.
(765) 661-9983.
Pam
Thank you.
Why have TPTW shareholders not received the INOQ shares that we were promised?
Hopefully they have enough to drill the next well, but I agree that is a concern if we can't confirm that.
I think you are right about a very long road. However, I didn't invest in an oil drilling company without knowing it would be a very long road. It can take years to even start drilling. Permits to drill can take years, especially considering how many times local/federal government or individuals try to stop the drilling by filing lawsuits that take several years to go through the courts. Hopefully, EEENF has that part already secured.
But then, there is still the number of wells they might have to drill to get one profitable well--each one taking at least ten months. The article I posted gave a number of 10 drilled to get one profitable well. But that depends. I believe the number for the Texas fields was 16 to 1. EEENF at least has a very good geologist and does their homework up front. Hopefully they can cut the ratio of drills welled, but their are no guarantees even if all the tests look positive.
I am saying this because no one should invest in an oil company (unless the company is already producing) without planning to stay in long term. That being said, I am happy EEENF has funded the company by selling shares rather than taking on toxic debt. And, yes, I do understand dilution.
Been reading articles on oil drilling and found a couple of short articles I thought were worth sharing. The first article answered the question I was looking for regarding how many wells, on average, oil companies have to drill before they find one that is profitable (Spoiler: 10). The second article is focused on the logistical difficulties oil companies are currently facing.
]https://www.petro-online.com/news/fuel-for-thought/13/breaking_news/how_to_findoil_and_gas/31511
https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-crude-drilling
EEENF
Can anyone explain how it is that Charles Scott was able to be issued all of his shares months ago while the rest of us are still waiting? Is that legal?
It has been a long time in coming, but I believe things are about to get exciting!
*Earnest money paid for the acquisition of land to build the smart city in Tuskagee.
*Tuskagee's city council and the Mayor working with TPTW to issue bonds for financing.
*Acquisition of Information and Security Training, LLC, a company that already has government contracts and the construction expertise we need to build smart cities.
*And last, but not least, a $30M financing commitment from GloGreen Global, LLC!
How is this stock still sub-penny???