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ER Urgent Care Centers Signs General Counsel
Monday October 15, 4:30 pm ET
MIAMI, FL--(MARKET WIRE)--Oct 15, 2007 -- ER Urgent Care Centers (Other OTC:ERUC.PK - News) is proud to announce it has signed Ulysses Felder as General Counsel.
Medical Institutional Services Starts Trading Today, March 10, 2008
Monday March 10, 4:05 pm ET
Symbol MIHS
FORT LAUDERDALE, FL--(MARKET WIRE)--Mar 10, 2008 -- Medical Institutional Services (Other OTC:MIHS.PK - News) (MIHS) is proud to announce effective immediately its shares are now publically traded. Its symbol is MIHS. Medical Institutional Services, Inc. is headquartered in Fort Lauderdale, Florida.
Contact:
Contact:
Frank Blanco
Ulysses Felder
305-999-0220
Who exactly is Ulysses Felder?
Deulysses L Felder of Miami Beach? That's the closest name associated with Ulysses Felder that is licensed to practice law in Florida. And what has Mr. Felder been up to lately?
10-Year Discipline History Yes
http://www.floridabar.org/DIVADM/ME/MPDisAct.nsf/DISACTVIEW/C39530A811A92A68852573CD000B1F9F/$FILE/192708_4.PDF
Important information
Medical Institutional Services Signs Contract With ER Urgent Care Centers
Tuesday March 11, 4:05 pm ET
FORT LAUDERDALE, FL--(MARKET WIRE)--Mar 11, 2008 -- Medical Institutional Services Holdings Inc. (Other OTC:MIHS.PK - News) (MIHS) is proud to announce that it has signed a national contract with ER Urgent Care (Other OTC:ERUC.PK - News) (www.erucc.net). MIHS will supply all of the ERUC Centers with medical supplies.
Detail by Entity Name
Florida Profit Corporation
MEDICAL INSTITUTIONAL SERVICES HOLDINGS, INC.
Filing Information
Document Number P08000002067
FEI Number NONE
Date Filed 01/07/2008
State FL
Status ACTIVE
Principal Address
700 IVES DAIRY ROAD
NORTH MIAMI BCH FL 33179
Mailing Address
700 IVES DAIRY ROAD
NORTH MIAMI BCH FL 33179
Registered Agent Name & Address
MILLER, JERRY
700 IVES DAIRY ROAD
NORTH MIAMI BCH FL 33179
Officer/Director Detail
Name & Address
Title D
MILLER, JERRY
700 IVES DAIRY ROAD
NORTH MIAMI BCH FL 33179
Medical Institutional Services Starts Trading Today, March 10, 2008
Monday March 10, 4:05 pm ET
Symbol MIHS
FORT LAUDERDALE, FL--(MARKET WIRE)--Mar 10, 2008 -- Medical Institutional Services (Other OTC:MIHS.PK - News) (MIHS) is proud to announce effective immediately its shares are now publically traded. Its symbol is MIHS. Medical Institutional Services, Inc. is headquartered in Fort Lauderdale, Florida.
Contact:
Contact:
Frank Blanco
Ulysses Felder
305-999-0220
Something smells funny here.
major damage
Email me. greedymalone@yahoo.com
janice you have mail(EOM)
I read Greenbelts suit and I must say
How on earth could anybody fall for such a blatant scam? Moffitt was that foolish to believe that obvious BS he was told while in Mississippi? Offered $9 billion but turned it down twice? Needed armed bodyguards?
They went back to Iowa, considered all they were told, which looks to be 100% BS and then decided to continue?
First of all, what DD did they perform to verify any claims that were made to them while in Mississippi? Secondly, who thinks that a jury of sane Americans will not scratch their head and say GRCO should have known better?
They deserve their property back and that's all. I sure don't see how one set of scammers defraduing another is deserving of punative damages.
zoro5304
Just remember I was the one who told you the price would be pushed up just prior to the bottom falling out from the dumping of $2.5 million worth of stock.
COPI has already raised the A/S to cover the number of shares needed to convert the CD's to common shares and the only way Cornell gets paid back the $2.5 million is by selling stock. You willnot know when the shares were converted until the 10-Q covering that quarter is released. So be aware of unexplained trading swings and be prepared to take the apporpriate actions needed to protect your money.
That's all I have to say. There will be a pump and there will be amassive dump that will sink this pps into the deep dark triple zero's.
tldjr
I'm guessing you're feeling as if since my replies were to your posts that I was only speaking to you about toxic CD's and their effects on a company.
My posts were and are simply informative posts about death spiral financing deals and their normal outcome. And when a company raises its A/S into the billions, it is for a reason. That reason is planned dilution on a grand scale.
I've never said anything negative about COPI's business, just their choice of funding options. This maybe a viable company that will make it long term but the current shareholder base will be wiped clean off the plate before that happens.
Obviously penny stocks are not long term options, at least not when the companyis operating at a loss, using CD's to fund operations and raising the A/S trhough the roof. Possibly later on down the road after the CD's are converted and COPI learns how to survive on what they bring in they will be more of a sustainable entity share price wise.
But for now they are nothing more than a short term swing stock that will never make you rich but could make you a few bucks if you play it right. You will more than likely be a couple months behind the 8-ball when it comes to the dilution as you will have to read it in a 10-Q that is outdated when filed.
Oh, and to answer your other questions, Cornell will most definitely sell those shares. Your private message to me, although filled with plenty of profanity missed the point. If I borrowed $2.5 million from you and I paid you back in shares, would you sell those shares to get your money back wiht a little profit or would you just hold on to them and risk losing the $2.5 million you gave me to start with? Cornell is inbusiness to make money. The only way they make money is by toxic funding deals. They have to sell the shares to recoup the money so they can loan it to the next desperate company.
So, to amke it short and sweet, Cornell will sell the shares, they will have paid touts and shills help them by giving them a few of the shares they receive and they will have COPI put out a few fell good PR's to drum up volume. The shares will be sold as long as it takes to get rid of them all. If the volume spikes and they can do it over a couple week period that's great. IF it takes them 6 months to slowbleed it to triple zeros then that's okay too.
But no matter how long it takes it will be done and COPI will R/S when the shares are sold and they dump a few of their own to raise some more money.
It's what they do after the R/S that will make or break them.
tldjr
The amount of money doesn't matter. Do you understand what a toxic CD is? They have a srtike date to convert the cash to shares. Whatever the stock price is on that day, Cornell gets the shares. Let's assume the price is .004 and then figure out that $2.5 million would be 625 million shares.
Cornell then pumps this to .005 and starts selling. They sell a few to begin with. COPI will gladly put out a few PR's to stimulate volume. So slowly, Cornell starts selling in the .005 range but not enough to tank the run. They might see it get to .006 and if they are really lucky the news will help push it back to the .007 range before the volume starts to dry and Cornell dumps the remianing shares at whatever price they can get.
I've seen it a million times. A few PR's, some stock promotion, message board pumping and then the fleecing. Cornell has no choice but to sell so they can get their money back. And they are skilled at pumping and dumping. This is no long term stock by any means and I would guess this will get ugly
tldjr
The company doesn't turn the shares into cash. They got funded by Cornell. Cornell turns the cash into shares and then tries to run a pump and dump to get rid of them at higher prices. For example, let's assume that COPI agrees to convert debt to shares for Cornell. When Cornell finds this out they will do their best to make sure people know the CD is coming. Why you ask? Because if people know it's coming they will likely sell driving down the price and netting Cornell more shares. After tanking the pps and getting the shares they pump this and try to get some volume to sell their shares into. Let's assume the price is .005 when they get their shares. .005 to .006 is a 20% gain. .007 to .008 is only 12.5% gain. So the lower the price they get the shares for the higher the possible return with a single uptick.
Pretty easy formula to figure out. .004 to .005 is 25% gain. They convert $2,500,000 into common shares, pump the company, dump the shares at an average of 1 tick higher than they got the shares for and they stand to make a return in the $500,000 range. And once they get a few upticks, dump some shares and make a good profit, they will simply unload the remaining shares at any price to get away from them. That is how they do it.
Fund, convert, pump, dump and destroy. It's a very profitable business and there is no shortage of customers willing to destroy shareholders in order to fund their companies.
tldjr
The funding turns toxic when shares are used to repay the loan instead of cash causing an avalanche of shares to bury all the common shareholders.
COPI has revenues, obviously they have a product. However, taking your O/S from 69 million to half a billion is committing corporate suicide as far as shareholderscare concerned.
They really need to work out a way to pay back the CD's with cash. Assuming they are for real and are growing they should be able to get some conventional funding that would allow them to pay off the CD's. If they convert the CD's to shares you will see triple zero, reverse split and kiss your money goodbye.
And the A/S being raised so high seems to tell me they know the converted CD's will ruin the pps and so they may as well raise some cash selling .0001 shares before they R/S.
I just don't see how burying the shareholders looks like a good idea to you.
tldjr
To an extent that is why companies go public. It isn't the raising of capital that is the problem it is the avenue in which they took to get the capital. Convertible debentures are death spirals for penny stocks. The lower it goes the more shares the funder gets down the road. It's much easier to double a stock price from say .0002 to .0004 than it is from $1.60 to $3.20 so the lower it goes before conversion the better for the funders as they stand to make more money on an upswing.
The problem with that is most shareholders here bought substantially higher than the current pps so even it goes down some more and then doubles, most here will still be quite far underwater. Then the market will be flooded with shares and a R/S will take place in order to setup the next round of funding if the company is still not profitable.
That's why they call it death spiral financing. The shareholders foot the bill and then get wiped out.
And Cornell has been involved in some of the bloodiest financing deals I've ever seen. All I said was beware because this is being setup to get diluted into the billions and then reversed to the point where most of you will be left with absolutely nothing.
Wouldn't $2,500,000 converted to commons shares be
333,333,333 shares at current market prices?
That would sink this ship. Doesn't look like COPI wants to pay back any cash for these loans and is going to use shares to pay this back. At least that is what it says in their financials.
Also, upon the Company's ability to convert up to $2,500,000 of outstanding debt to equity, consented to by the debenture holders
Each downtick in share price would be more shares needed to satisfy the death spiral financing deal. Those toxic CD's kill companies every day. It's sad that public companies utilize such suicidal financing deals that destroy shareholder value and make bagholders out of shareholders.
Be very careful here. If the CD is converted to shares this will see triple zeros real fast. Then I assume a R/S will take place so they can recapitalize and find another toxic funder if they are still not profitable.
Cornell is the kiss of death.
So, if Franks Articles of Correction was cancelled
Then the merger itself is flawed.
A domestic or foreign corporation may correct a document filed by the Department of State within 30 days after filing if the document contains, an inaccuracy, an incorrect statement, was defectively executed, attested, sealed, verified or acknowledged, or the electronic transmission was defective.
So wouldn't that, in reality, cancel the merger itself which defective to begin with? I will check wiht the Florida S.O.S. and see how that would effect the merger itself if the articles of correction were cancelled due to the insufficient funds check. I sure don't see how a defective merger could be allowed to go through and just the articles of correction be cancelled.
The $1,130,000 number was a running 6 month total.
What ERUC isn't telling you is the revenues in the second quarter went down significantly. And the losses on those revenues went significantly higher.
You folks should really be demanding this company explain exactly how they plan to be profitable by 4th quarter 2007 when revenues are decreasing and losses are increasing. This business planis seriously flawed and it shows in the financials.
1st Q revenues were $660,992 and 2nd Q revenues were $469,289 or a decrease of well over 30% and the loss went from $500,838 to $868,969. An increase of about 75%. So they spent much more to make much less.
This business is going backwards not forwards and no feel good PR can change that. Anybody can say they plan on being profitable by Q4 of 2007 but I sure haven't seen a plan from ERUC outlined to explain how revenues are dropping, losses are growing but they still have some kind of master plan to overcome that in the next few months to turn a profit.
Looks more more and more smoke. And how many shares have been isued this quarter? What was the R/S share count? Something like 20 million right? So shares have nearly doubled and what do you have to show for the dilution? Well lower revenues and wider losses of course. But have no fear, doubtful accounts are on the rise so that makes the assets look larger. I still can't figure out how a doubtful account can be shown as an asset when it is highly unlikely to ever be collected. But be thankful they can be or else this would look even worse.
Siruis
First off, believing in a company that refuses to report their financials is not a "risk" it is investment suicide. They don't report for a reason. That reason is not to save money or to concentrate on running a business. It is done to keep the infomraiton from you so you can't make an informed investment decision. Thay are betting their hype machine will be successful in getting you to buy based on what you think may happen by twisting a few PR's.
Secondly, there is little to nothing you can do. JMCP has no assets. And there is a reason for that. Lawyers like assets and lawyers can go get assets. Lawyers will not take a class action on contingency if there are no assets. You would have to pay up front for legal expenses. Not likely when most people in these penny markets would be spending more in litigation costs than they did on their investment.
The announced buyback specifically stated that it would start once revenues were coming in. Guess what? There are no revenues. The forward split was announced but there is no law saying it can't be taken back and there is also no rules against an unannounced reverse split.
What Frank did with that was perfectly legal. Quite slimey but in line with his grifting past. The PR's are all worded wiht "might","should","could","may" and other protecting words that say the things reported in these PR's are nothing more than hopes and dreams.
In short, the likelihood of Frank going to jail for this is slim to none. The likelihood of you ever getting anyting back from this is slim to none and the likelihood of Frank facing SEC charges is 50/50 at this point.
Obviously Willy saw this plan and knew it was bad news. Willy didn't want any more SEC troubles. He got caught with his hand in the cookie jar once. The second time wouldn't be so nice. Frank could easily face charges from the SEC. Hopefully he does and is permantly banned from holding any position with a public company but I wouldn't hold my breath just yet.
Don't be fooled by that "news"
It is really a nonevent. I think the headline is somewhat misleading. They are not a reporting company. They have not filed the SB-2. They have only completed a step that could have been done years ago. They applied for a CIK number. They have not fulfilled any required filings whatsoever.
Do I have this right?
.20 to .03 then reverse split of 1:13
Followed by a drop from what should have been .39 to .055?
Presplit value is .0042
$1,000 at .20 would have bought you 5,000 shares. Those shares would have split to 385 shares.
The value of your invetment today is $21.17
From $1,000 to $21.17?
Oh My!!!!!
Frank, here is a tip
When faced with having to spell words in an official PR use spell check. If spell check is unavailable and you do not have access to a dictionary, stay away from words you aren't sure how to spell. For example, when looking at "due diligents" and thinking to yourself that it may not look right, do not guess. Simply break it down to "DD". Penny followers understand that term. They have no idea how to actually do any DD but they are aware of the acronym and it's meaning.
Also, stick to what you know. A hot dog cart owner is not an oil executive or a shipping executive. You could, however, sell hot dogs at a MMA event so that deal may have wings if you secure a vendor permit. Any successful deals you make will have to be done while you are wearing an apron. Save your business suits for court appearances. It will eliminate set in ketchup stains and the odor of kraut while presenting the judge with your plea for mercy.
Good luck!!!!
hopin2Brich
There are just over 3,000 SEC employees and closer to 8,000 OTCBB and Pink Sheet companies. The SEC is outnumbered. They prioritize like anybody else who has multiple tasks to perform.
And honestly, who would the SEC be protecting besides those people who refuse to doproper DDbefore investing. Leapfrogging other important matters to stop one of thousands of scams in operation makes no sense.
Enforcement isn't the answer. Education is the answer. If people would take the time to learn the tell-tale signs of fraud they wouldn't be investing in them over and over again.
The SEC fires warning shots over the bow here occasionally. That's about it. But one should still report the abuse so the SEC's database and workload is always maxed out.
maverick one
There was a poster who visited the Killeen address. There was nobody there, mail was piled up inside the office, there was signage for Frank's Obion Group and on a piece of paper taped to the window was a message to check pinksheets(dot)com for information regarding JMCP.
There was no activity there and it appeared to be nothing but some cheap office furniture inside. Definitely not a billion dollar oil conglomerate office by any means.