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That's because ETRADE probably shorted the crap out of it.
Yes My Ameritrade is but etrade says they're still waiting for FINRA. WTF!
Not that I'm selling or looking to sell but my E*TRADE account will only let me buy shares .
Guess it's gonna be a day or two .
Anyone else having same issue with E*TRADE
Mine transfer my shares already SSOF let's goo baby money Monday ahead
any luck? I was anticipating this happening. Hopefully they were too and get it rectified quickly.
I use etrade also
Anyone else having same issues?
etrade still has mmhc
Just wondering , has everyone's brokerage accounts updated yet for new symbol?
I have ETrade and it's not correct yet.
They removed MMHC from my portfolio
They have yet to put the new symbol in its place in my portfolio.
They do list SSOF when I add to my watch list.
Hopefully this will be all square before 9:30
I'm following both boards for now. I thought IHUB policy was to keep the same board after name changes. However, the old board has the wrong name. So, we'll see how this all works out.
This stock should be over a penny easy based on the revenue numbers
stockman... whats your take on this?
I know these are from MMHC (previous company). Sixty-six says, they are not responsible for the repayment of loans and at the bottom is says onversion of notes into whatever number of shares of authorized and unissued common stock the Company has available at the conversion date.
If the former affiliate of the Company is unable to repay the loan, what would happen?
Just trying to understand it better..
thx for yr time.
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CONVERTIBLE LOANS
The Company entered into seventeen convertible loans with a third party during beginning in December 2014 and during the 2014 and 2016 calendar years. The loans aggregate $391,666.67, have a one year maturity and bear interest at 9% per annum. They are convertible into common stock at a discount of 30% to the then current market price of the common stock. All loans prior to September 30, 2015 are in default.
The Company has no and does not expect to have any means of repaying the loans according to their terms and it does not have sufficient authorized and unissued common stock to convert the loans. Furthermore, the Company does not have sufficient authorized and unissued shares of common stock to honor the conversion of the notes.
A former affiliate of the Company has an agreement to acquire the notes from the lender and, upon payment of the acquisition price, to satisfy the notes in full by means of conversion of notes into whatever number of shares of authorized and unissued common stock the Company has available at the conversion date.
https://www.microcapreporting.com/upload/1491451427_Q4_2016_Info_Statement.pdf
yes I'd expect news on that front as well. And agree need to get everyone to gravitate to the new board
Expecting an update from the company this week, we may also get 1st Q results posted by Friday. Most likely the update will be regarding the name change being finalized, but maybe we'll get some additional info as well.
Need to get more attention on the new board, only 9 followers so far, there were 240 on the old one.
$SSOF
CF
sounds like April has been the best month yet, sounds great for Q2 results!
yep, that's a good news also..
revenue went down for the year ended 2016 compared to 2015 but with strong Q1 growth numbers posted in the recent news release, 2017 looks bright. Also like the statement below about the growth prospects and plans for audited financial results. That brings more transparency to what company is reporting..
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66 earned unaudited revenues of $5 million in 2015 and $3.9 million in 2016 with net income of $926,000 and $695,000, respectively.
Jim Frazier and his staff will continue to pursue the purchase of heavy-weight drill pipe, drill collars, custom rigs, and other select drilling equipment which are available at distressed prices due to the down turn in the oil industry. This equipment is considered a commodity and a quality collateral investment which can be held and resold for much higher prices in active periods.Mr. Frazier said that currently, there are a number of rigs and rig equipment which were ordered during the more active drilling periods that have not been accepted for delivery, not used, or not fully paid. This excess inventory needs to be quickly sold to free up needed cash for 66's vendors and partners. This creates an opportunity to purchase new equipment on a limited basis well below market prices which 66 can resell at better prices throughout our world-wide network to the benefit of our shareholders.
Becoming a publicly traded company will provide us better access to financial markets and capital to best execute our business plan. Mr. Frazier stated further,
"We are in process of completing a financial audit and plan to file a Form 10 under the Securities Exchange Act as soon as possible."
A/S practically maxed out here and the company is actually making money!
Huge opportunity IMO
thanks for sharing, also note that the A/S is still unchanged!
What is gross sales?
Gross sales is defined to be the total invoice value of sales.
What is net revenue?
Net revenue typically refers to a company's revenue net of discounts and returns. Sometimes, though, the user is referring to net profit, which is sales net of all expenses.
Whats the difference between Gross sales and Net revenue numbers posted with Q1 numbers..
========================================
OKLAHOMA CITY, OK / ACCESSWIRE / April 26, 2017 / MEDICALLY MINDED, INC. (OTC PINK: MMHC), now named Sixty Six Oilfield Services, Inc., announces 1st QTR Gross Sales of $1.4M with Net Revenue estimates at $308K for the period ended March 31. Compared to the same period in 2016, the Company has quarter over quarter improvements of 155% in gross sales and 276% in net revenue.
The Company increased its net margins from 11% to 19%. James Frazier, President and Chief Financial Officer, said: "We are pleased to announce that our first quarter estimates show strong growth. The Company anticipates the growth to continue in April as we are eyeing a record setting month for revenue."
This one looks good with only 420M float
Authorized Common Stock 500,000,000 shares
Total Issued and Outstanding 482,959,541 shares @ 03/31/2917
Total Held In Street Name 420,335,750 shares @ 03/31/2917
Stockholders of Record 328
Transfer Agent Continental Stock Transfer & Trust Company
Updated On 04/07/2017
$SSOF
Yes, we consolidated the last 3 weeks. Looking to breakout to new highs.
Here's the link to Microcapreporting to view the results when posted:
https://www.microcapreporting.com/home/search1?term=MMHC&submit=
$SSOF
CF
Maybe we'll get an update on the April figures which were on record pace for SSOF
$SSOF
CF
First quarter results due out by the 15th of this month, we have already been informed they were good.
$SSOF
CF
Management of 66 continues to follow through and get things done in a timely fashion.
$SSOF
CF
reason why I am here!!!!!!
ssof
can't wait
ssof
The float is 420 million shares and AS is 500 million shares. The company made 700,000 dollars PROFIT last year and Sales was close to 4 million.
yep
looking forward..to smile
ssof
Nice I don't think you will be disappointed.
I think so.
.002 break would be huge
yes sir!! can't wait to trade under the new symbol
Looking for a great close today .002
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Sales, Service & Rentals of Downhole Tubular Goods
Complete New & Refurbished Drilling Rigs, Both SCR DC & VFD AC Drive - Drill Pipe - HWDP - Drill Collars - Crossovers & Subs - Drawworks - Tri-Plex Mud Pumps - BOP's - Tubing & Casing - Oilfield Equipment Rental & Services. from the crown to the ground 66 has you covered.
TO HELP IMPROVE OUR CUSTOMERS BUSINESS BOTTOM LINE... BY PROVIDING THE BEST DRILLING EQUIPMENT, downhole TUULARS, OILFIELD RENTAL & SERVIES, WITH PRICING THAT EXCEEDS CUSTOMER EXPECTATIONS. THIS IS 66 OILFIELDS BUSINESS STRATEGY.
Summary of Services - 66 Oil Field Services, LLC (“66”) is a third generation heavy oil field equipment company founded by J.C. Houck in Oklahoma in 1959 and focuses on supplying the oil industry with custom drilling rigs, heavy-weight drill pipe, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors and other select equipment to customers world-wide through our facilities in Oklahoma City, Germany and Dubai. 66 has a strong management and executive team with a proven technical and logistical track record of high value and performance. Management Team J.C. Houck ? Founder & Chairman Emeritus Mr. Houck has had a long and distinguished business career in the oil industry. He had over 50 years experience in energy services and related resources business. After attending the University of Oklahoma, Mr. Houck established J.C. Houck Oilfield Services in 1959 and continued to serve as its president until his untimely death in 2008. Mr. Houck was a pioneer of the NDT inspection business for the oil & gas industry. He developed many of the standards and practices still in use worldwide today, plus authored many technical books on NDT inspection, co-founded the International Pipe Inspectors Association (IPIA) in 1976, plus held the prestigious American Society for Nondestructive Testing (ASNT) Level III Certification. Mr. Houck owned and operated numerous other successful oil & gas related companies throughout his career, including Houck Exploration. Jim E. Frazier ? Director, President & CFO Mr. Frazier is a financial executive with over 25 years of experience within the commercial and public sectors. Formerly, Mr. Frazier has served as Chief Financial Officer for several public companies over the last 20 years including companies on the OCT, OTC:BB, TSX and NASDAQ and is well versed in all areas of public financial reporting, compliance, shareholder relations and fund raising. Mr. Frazier was formerly an officer with a major money center bank in New York and an Internal Audit Manager for a major oil company. Mr. Frazier attended Fordham University and the New York Institute of Finance. He has a degree in Economics, a Masters in Finance and is a certified internal auditor. Donald J. Wood ? Director, V.P. Operations Manager Mr. Wood is a seasoned Operations Manager with over 20 years’ experience managing the day to day operations of multinational equipment and logistic companies. Mr. Wood’s specialty is supply chain services and supervision. Mr. Wood is known for his ability to complete tasks on time and under budget. Mr. Wood attended the Air Force Academy an earned his wings, flying many different Jets in the U.S. Air Force.
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