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I assume you meant the filing where they stated that they have 16 agreements with some pretty impressive companies. I can look it up again for the names if needed.
By the way, yes I am serious. There has not been any follow up on that. No Rev/sales numbers or any details of what the agreements are.
They also filed that they were to receive funding from Lord Global by 5/15 of 250K. That never happened either. Then in July they were supposed to receive millions in funding from Lord G. Again nothing.
Q2 was their best quarter ever but they still only generated 120 K in revs and lost 6+ million.
Yes Q2 revs will show in Q3 I know that but do you honestly think they generated 100-200 million in revs?
Not sure what the market price is for that as they have only been able to generate roughly 120 grand in revs in 8 years. It doesn't seem as if there is interest in the other products at any grand scale. Yes, that could change but through Q2 2020 it hasn't and they have not stated any actual sales/rev figures.
I have always liked the platform and it has value. However, nobody is going to pay a billion for it in my opinion. 1 billion is what it would take to get .111 per share if you only factor the OS and nothing else. I have rounded the OS to 9 billion. My guess is it's actually higher than that.
I agree that it may pop some. It will never get to a dollar without a RS. There is not enough possible revs or a purchase price high enough to do that. Implying that is reckless.
OK.. so a buyout of 100 million if we only consider the OS of 9 billion and nothing else with give you .011 per share. Do you find that likely?
Please show your math. What kind of revs are you expecting that will move a 9 billion (rounded) OS to .02-.12 without a RS? No need to show the 1.00 math. I can see .002 max as a remote possibility at this time IMO.
Just for sake of argument with no multiplier factored it would take 100 million to make 9 billion .011
Not sure what is going to happen here. Nothing matters until/if they can show substantial revs and distance themselves from Lord Global in my opinion. It doesn't help that they haven't released a PR since Darwin resigned as CEO or that the ewellness website is suspended. The Phzio site is still up and running. A simple redirect would have been easy. I am not sure what is going on there. I hope that you all do well here and get the results you are looking for.
I talked to Ewlls attorney in the past. He sometimes responds to email. Not always. Our last correspondence he asked that I reach out to EWLL IR directly. I pointed out an error in a filing and he responded.
Sadly, I know nothing about the Grey market. I don't want to either. I am not sure of the options after suspension if the suspension is not revoked if they don't end up in jail. I would imagine there would be problems if the SEC investigation proves fraud on LRDG. Not sure a name change will work either in this case.
I wouldn't go quite that far and say not in business. I would say something is going on.
I received that message using chrome when I tried to go to their site to verify another post
It is true that I was never comfortable with the LRDG LOI, LRDG or that deal. I never hid that. I was always hopeful for a pop here. At first, I was hopeful for great things with ewll. I hope for all invested that there is one more pop left. My gut tells me to stay away at this point. No PRs in months and top secret small licence fee with ATI. They need to share potential revs vs sales. They haven't.
You know me Spider. I never liked LRDG and we talked about that. I no longer have a warm fuzzy feeling about ewll but I wish I would have stayed in to catch that pop. I wont go to the dark side but there seems to me some very questionable stuff going on here.
That's interesting. I get an account suspended message when I go to ewellnesshealth.com
I had the pleasure of watching the DR Drew segment. Dr Yo and Dr Patterson were amazing. Dr Patterson tells it like it is based on facts. IMO he is a genius, honest knows for sure that leron is the real deal. I hope Dr Drew will promote Leron outside of this interview. He seemed to be a believer as well based on his explanations, comments and most of all body language. So does Dr Yo. I also respect that Dr Yo wants more than one treatment option just wish today was all about Leron, LOL...
I am so glad I added yesterday and today.
Thanks I will keep an eye on it from afar. I am sitting this one out for now.
I would like to see a buyout. Not sure if there is an interested party. Maybe ATI but the notes/debt and OS need to be controlled for any serious interest. Alternatively, they can sell for a loss and screw everyone.
With 9 billion shares in the OS a buyout will be expensive. Let's say for sake of argument that that a buyout happens and they offer .0002 per share. with 9 billion shares of common stock that is 1.8 million. Is it worth 1.8 million with 40 million roughly in losses and 140 k total lifetime revenue?
This only factors the common stock. I don't think anyone will offer anything substantial to be the exclusive owner of Phizo but I could be wrong.
They would need an offer of 90 million for everyone to walk away with something in my opinion and the shareholders to make something. Not sure that is in the cards.
Hi Werd, Good to see you. Glad it's working out for you!
Yes I just read the 10 Q and 8K. I wasn't impressed by either.
8K:
Who says this?:
eWellness Healthcare Corporation (OTC: EWLL) today announced that it was made aware of unusually high trading volume of the Company’s common stock on or about August 12, 2020. The Company is unaware of any current promotional activities nor is the Company aware of any events that would cause the increase in the trading volume on such date. There are now over approximate 26,000 Company related posts on investorhub.com. The Company and its officers had no knowledge of these recent postings, were not involved, either directly or indirectly, with the creation, distribution, or payment of these activities on investorhub.com and any other investor related websites.
How could session fee be top secret, LOL.. The potential revs need to be understood by investors.. ridiculous in my opinion.
On March 26, 2020, the Company, DBA as Phzio Telerehab, concluded a Platform Licensing and Service Agreement with ATI Holdings, LLC (“ATI”) for a one-year renewable agreement that allows ATI physical therapists to utilize the Company’s PHZIO platform on a per use basis for a small fee per session. The agreement’s terms have not been disclosed due to the fact that it contains highly confidential information about the Company’s PHZIO system and pricing information, which constitutes secret and proprietary information of the Company. To date, this agreement has not been directly disclosed nor has it generated any revenue to the Company to date. The agreement is currently being managed by Bistromatics, Inc. (“BI”) as the Company has contracted with BI to operate its PHZIO platform on behalf of the Company. In the future, it is anticipated that the Company may receive a revenue share of any proceeds generated by the ATI agreement from BI.
10 Q: Q2 was their best quarter ever. Sadly they were only able to generate 123,780 K in revs for q2 at the height of the pandemic. They will need a massive q3 to move 9 billion (if it is still under 9 billion) shares in my opinion. I suspect q2 sales will turn into q3 revs. I just hope it's enough to make a difference.
EWLL has always stated in all of their filings that the notes/dumping will end if and when they have significant revs. There may be revs but it doesn't appear to be significant enough to take care of the notes. I hope they get it together.
I haven't seen volume like that in a very long time if ever. Makes one wonder for sure. I hope that some of my buddies took the opportunity and took profits at the top of the pop.
Thanks
Thanks for your thoughts
hopester,
In your opinion what are the charts telling you? Where is the bottom? I am thinking of adding more.
I agree!
Mathematically on paper at time of RS yes the value is the same. Traditionally/in reality, the PPS tanks after and very rarely recovers. I understand the Safe Harbor legalese that needs to be mentioned. I just don't feel that this needed to be mentioned now.
Yes, NP has said no many times. The strange part is, they dedicated an entire paragraph in the 10K defining a RS and the possible downside of one if one was done. Granted, it didn't say they are doing one and it was carefully worded as all "ifs". I don't see why they would put that paragraph in the 10K. There was no reason for it. It did not need to be mentioned there and in my opinion was not very smart to mention it there. The shorts and negative posters will seize the opportunity and exaggerate the statement.
Question, Why dedicate a paragraph defining a reverse split in the 10K? I understand that it didn't say there would be one and it was worded as all "ifs" but why mention it at all?
I am happy to see this run for all involved. Buyer beware also. The 10q is due tomorrow and we don't know the amount of revenue for Q2. I expect it to be their best quarter in their history but is it enough to sustain this run or continue it? I hope so for all involved. I sold out in June and moved on. I wish I caught this run but can't catch them all. Good Luck to all.
I got a PM from a friend. I no longer subscribe so I can't reply directly. Sadly, I bailed and broke even on this one. Wish I would have waited until today. LOL..
Congrats to all that stuck it out from .0001/.0002!
Thank you Black-Ops
With the potential increase to the AS/OS, how does that impact your original price predictions short vs long term? If you posted that already, I apologize for missing it.
It takes a while but I was able to sell all of my .0002s. I did it over several days.
The float is about 5 billion?
True that would tell for sure. I have not seen any indication that the first leg of the financing was received as of yet. The LOI stated on or about 5/20. But there was another clause about a final agreement or something needing signature.
The good news for everybody still in is now that I am out this is sure to pop.. LOL
Good luck to all still in. I am out. I may get back in if things turn around. I still believe there is potential here for q2. Time will tell. I have some other plays that I am interested in that is why I am out.
True if you just consider May.
If you go back to 4/1/2020 until now (2 months), it is a different picture.
Since 4/1/2020 to now 4 billion shares hit the OS since. on 4/1/2020 the OS was 1.3 billion according the the OTC. On or about 5/1-5/2 the OS increased 3.4 billion from 4/1/2020. Now it is 5.3 billion according to the OTC. The float is also listed at about 4.5 billion with a date of 4/23/2020.
https://www.otcmarkets.com/stock/EWLL/security
I am not saying that there won't be a pop but I am saying that until they stop the notes the OS will continue to grow.
Their last PR stated that they will buy back the notes once they receive financing from Lord Global. The first leg of the financing was expected by 5/20/2020. I have not heard that they received it. It was supposed to be 250K. They had about 800 K in notes due. Not sure te 250 K first leg would help. The second leg of 10 Million forcasted on or about 7/1/2020. That would help the notes due of 800K. If they are still open notes by 7/1/2020 that is.