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You beat me to the punch on that one, LOL! I read that in the 10-q as well and was going to post it in response to that article.
Know how I can tell this is a bullshit company... I called and left a message for the CEO to call me back and never got a return phone call. And I was hung up on 4 times before this arrogant asshole answered the phone on the CEO's extension saying it wasn't him and he was asking me who I was and what I was calling for in a very contemptuous voice. Not the mark of a company that has any real backbone.
Management FAIL!
No they just stopped buying
They didn't do any revenue. They have backorders of 501k and that can not be counted as revenue until those backorders are filled.
I called the company and tried to get through to the CEO ext. 901 and Someone kept picking up the phone and hanging it up. Really a great sign of a real 'professionally run' company.
If you don't believe me then try to get someone on the phone. I remember Doc said he spoke to the CEO the other day and he was a nasty POS to him.
All I see is an implosion on this news. Like I said there is no PR firm behind SIMH anymore so no one to drive the stock price. There are only 198 people posting on this board and that is not enough to get tis thing moving again. Plus there is a lot of overhang in the stock now all the way up to .60c. It will take a long time to unwind, that is if it even ever gets back there.
Oh this one...
http://www.globenewswire.com/news-release/2014/10/28/677163/10104797/en/Photo-Release-Sanomedics-Announces-Over-501K-in-New-Business-Backlog-Received-in-the-Month-of-October.html
See the problem here is that there is no volume which means that SIMH obviously hired a PR firm to pump the stock by sending out Email blasts to a bunch of people on the PR company's lists.
Too bad they are not still using them or you would see volume.
Are you talking about this news report? That was posted by a company in the same area as SIMH? Probably the CEO's buddy or something. And if it was anything good the company, if they were smart, would post it during trading hours. So to me it is total BS. Why come out with news after hours if you are trying to get the stock to move. Laughable!!! Here is the link for the news from YESTERDAY NIGHT...
http://finance.yahoo.com/news/small-cap-ebola-stocks-watch-221100517.html
Seriously folks... It all boils down to volume. No volume equals no movement in price. So the way to tell if news has any meaning is if the stock starts to trade in the premarket. It is not so it is BS.
Here are some things from the latest 10-Q...
Page 14:
Exergen Litigation
On May 21, 2013, Exergen Corporation commenced legal action in the United States District Court for the District of Massachusetts against the Company, alleged infringement of certain intellectual property through the Company’s sale of the Caregiver Thermometer, as well as the Company's prior sales of its talking non-contact thermometer. Exergen is seeking various types of relief, including damages and an injunction against further alleged infringement of the intellectual property. On September 3, 2013, the Company filed its answer to Exergens’ complaint and asserted counterclaims and affirmative defenses for non-infringement and invalidity of the asserted patents. The Company believes the alleged claim of infringement is without merit and will vigorously defend its rights to market and sell the thermometers.
Page 18:
Revenues, net: Our net revenues decreased modestly during the second quarter of 2014 from the comparable periods in 2013, as we continue launch of our new professional model the “Caregiver” compared to the sales of our previous first generation products.
http://www.sec.gov/Archives/edgar/data/1501972/000147793214004667/simh_10q.htm
I just got off the phone with a sales rep for Bettymills.com and she told me 1 of these items went out on Oct. 9th and 1 went out on Oct. 17th. She said they started canceling orders placed after Oct. 22nd because they called Sanomedics and told them that it would be 8-12 weeks before they could restock. She said that she did not know how much inventory they had before hand but she said she believes that they did not have many because only two units show being sold in her system and she also said that based on their conversation with Sanomedics that they weren't sure if the company even knew when they would be able to restock.
So either they are selling like hotcakes or Sanomedics did not have any inventory because the device was not selling. I think it is the latter based on the stock prices and the company's fundamentals.
http://www.bettymills.com/shop/product/view/Thermomedics/MON77902500.html?referer=search
According to my chart it was a BS one day spike on 7,520 shares. Not a real year high if you ask me. I would say $1.80 is more accurate but again that was on minimal volume as well.
This site will tell you all the stuff that is going on around the world when it comes to outbreaks of any kind. I saw there was another suspected case of Ebola in Orlando Florida. Cool website non-the-less...
http://outbreaks.globalincidentmap.com/home.html#
INSTITUTIONAL LOADING? You have got to be kidding me, LMFAO!
This news is laughable. So they released a news report saying they received an award a month and a half ago? If it was 'material' they would have had to release it back on September 10th or 11th when they received it.
This company is releasing stuff to try to keep people in it. Oh and the BxA is now backwards LOL .05x.049 so you could buy 10k shares right now for .049 and sell it to the MM .05 haha!
Oh and just so you all know, I am long SIMH.
Hence the term pump and....... dump
As I said yesterday, it is all about price and volume action. So one or two things are going on here. Either:
A: With the lack of volume today, so far, and the stock being down, it is possible that the short term sellers are almost out of the stock and it could start to move higher.
-OR-
B: This was a pure pump & dump play and the hype on Ebola is over along with SIMH.
If we all look at this with practicality I would think that 'B' is the more practical choice. The problem with this company and this product is that it is an FDA approved device which really only means something in the United States. Also, once you own one the company has nothing else to sell the buyer. Since the spread of Ebola seems to be over in the United States the hype for SIMH is most likely over too. I notice a year high of $4.75 and a year low of .015c. There is a reason why the stock dropped to a penny and a half and it seems very doubtful that it will get back to its loftier levels. Even if the company sold a bunch of these thermometers as a preventive measure for future Ebola type situations we have to ask ourselves how many could they really sell overall? 5,000? 10,000? 50,000? Even at 50,000 units at $75 a pop you are only looking at 3.8 million in sales. What is their profit margin?
So boys and girls it seems more likely that not that SIMH is DOA and so are the investors who purchased the stock.
Death watch?
The only appeal that I see for this device is the FDA approval which only counts in the USA so to be honest there is no appeal for this device to be used outside the USA since I can almost guarantee it is made in china and there are mostly likely copycats of this device that can be purchased away from this company.
You have a 50% chance of that happening so why not throw it out there LOL!
Really? This thing was at a penny before the pump. There is no reason why it should go back up. The only way it will is if Ebola starts getting out of control in the U.S. and they start getting big orders.
I don't see either of these things happening.
It looks like this thing is about to get crushed
No new Ebola cases in 5 days...
http://news.yahoo.com/us-cautiously-optimistic-no-ebola-5-days-172110466.html
That would be nice but you are talking about a move of about 500%. That is not realistic because it seems the Ebola scare is winding down.
Price vs. volume action in the stock.
This stock will never see .60c again any time soon.
Ebola in the US is coming to an end and so is this stock.
There are 12 MM between here and .20c. Please stop being a cheerleader. I am long and I find your posts ridiculous.
No it's not.
Here is why Ebola stocks are down today...
http://www.reuters.com/article/2014/10/20/us-health-ebola-nigeria-idUSKCN0I90T620141020
Only 880 shares have traded as of 8:17am. Not very exciting considering it traded over 30mm yesterday. Any input on this?
No problem!
Here is the message number to answer your question #66211. I am focused on the 200d MA which is .0617c so as close to that is the best entry.
Nothing to talk about until it gets down to .063-.062c.
It looks like it will be cheap for a long time. It really failed the breakout on Friday badly on heavy volume.
FAILURE TO LAUNCH (TODAY)
Thud.