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ASK side:
CDEL $.11499 12k
GTSM $.15 5k
CSTI $.21 10k
MAXM $.391 2.5k
NITE $.6933 20k
My favorite post of the day!!
"You're right! Solei Systems is a Holding Company that owns CARECLIX a SUBSIDIARY, which is a TOP TIER TELEMEDICINE COMPANY.
Everything is impossible until it has been done.
Shell-Grey-Pink-NASDAQ 2020. Someone is right, most are wrong. Time will tell.
Soli Strong"
Etrade Pro shows L2 for SOLI.
If you are having problems you should call them.
We can see Level 2 now.
SOLI PR'd on 1/28/20 that they applied to the OTCQB.
I know from talking to OTC Markets that the process normally takes from a few weeks to 2 months. So we are in the second month. It could be any day now.
We are in for an exciting 2020 and beyond!!
NASDAQ Listing Requirements
The NASDAQ is the second-largest stock exchange by market cap in the world. As an American exchange, it has listed over 3,100 companies with average daily share trading volume at over two billion. NASDAQ has handled more IPOs than any other exchange. Since 2000, NASDAQ boasts over 1,000 Initial Public Offerings. What follows is a brief description of what NASDAQ is and what it takes to be listed on that exchange.
What does NASDAQ stand for? It’s an acronym for National Association of Securities Dealers Automated Quotations.
What are the rules to be listed on NASDAQ? To be listed on the NASDAQ exchange and reporting system, the following requirements:
Shareholders Equity of at least $2,000,000
At least 100,000 shares of public float
A minimum of 300+ shareholders
Total assets of $4,000,000
At least two market makers
$3 minimum bid price of the company stock
Public float market value of $1,000,000
I’ve heard a number of pushers for reverse mergers tout the ability of a company now listed on the Over the Counter (OTC) exchanges can “graduate” to NASDAQ or the NYSE. This is certainly possible and many salespeople will reference some big names like Turner Broadcasting, Occidental Petroleum or Berkshire Hathaway. Each of these companies are the wide exception to the rule. Unfortunately, transitioning to larger exchanges is much more difficult than many micro-cap business owners and management assume. However, it’s not out of reach as the numbers above showcase. Your best bet for being able to step up to the next exchange: build a good business that is investable. That is, focus on the business and not the financial engineering behind the business. If you have a great business, the money will flow in, the stock price will increase and the transition will be more than natural. The most common problem are the puffer fishes. They’re those that tout how great their business is, but who may have unrealistic expectations on their abilities and the growth within the market.
For those confident in their business and its growth trajectory, going public and then later graduating can be a viable option to a traditional IPO, but warrants a deeper dive as there are reasons an IPO may actually play better for emerging growth companies. As always, the best answer is “it depends.”
Our big volume days will come I have no doubt. They will be driven by our increase in revenue and deals.
Last year's increase in PPS was driven by speculation and it faded. This year the PPS won't fade because it will be revenue driven.
I believe that for competitive reasons SOLI management has limited the details regarding these big deals. I know that in the K and Q1 we will start to see the benefits of these deals in revenue growth but I'm not sure how much more detail we will get regarding actual users and what deal generated what revenue.
I am ok with that as long as we see great revenue growth.
Big freight trains take a lot to start moving but once they do and pickup speed there is no stopping them.
With these key global deals being inked the train is moving and starting to pickup speed.
Watch it move!!
I believe that MAXIS along is more than "several million users".
MAXI is comprised of 140 insurance companies in over 120 markets (per their website).
If you go to their website you will see their "coverage map" which covers every major country in the world.
I totally agree with you that some nice revenue will be coming in.
How can you make a statement like this:
"Don't let it get in your way that most of what SOLI does is sell equipment."
Do you know how the MAXIS GBN deal is exactly structured? I don't because SOLI didn't detail it in their PR ( maybe for competitive reasons).
Last Q SOLI had $312K generated from "Telemedicine Revenue" ( per their Q) and $216K generated from SaaS.
So more revenue from Telemedicine than software.
I smell some nice revenue coming our way based on the recent deals:
MAXIS GBN partners with CareClix as latest global wellness providerPress Release | 12/03/2019
Trapollo and CareClix Launch IntegrationPress Release | 02/05/2020
CareClix Expansion to Latin America: Announcing CareClix ChilePress Release | 03/04/2020
Notice the part about 3 million Chileans being covered. I really wonder how much revenue SOLI will be receiving because of this deal?
MWM Member Level Wednesday, 03/04/20 10:23:57 AM
Re: MWM post# 33097 0
Post #
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of 37167
Jonathan Callund, link back to these posts...
Quote:
About MC2 SALUD - HEALTHCARE ADVISERS
MC2 SALUD has been set up to provide technology solutions to the Chilean private and public health sector. Hitherto, Rafael Caviedes was Director of FONASA (the National Health Fund) and until recently President of the ASOCIACIÓN DE ISAPRES, the private healthcare sector delivering insured programs to over 3 million Chileans. Jonathan Callund, with 30+ years as a leader in the development of employee benefits in Chile, has a career in healthcare and pensions, working with multinationals and providers throughout Latin America. He has also held positions in AIG and IFC/World Bank, developing corporate and retail business in the region.
Here is Jonathan's linkedin:
https://www.linkedin.com/in/jonathancallund/detail/recent-activity/
Mike, yes great news today.
MWM posted this back on 11/18/19. Jonathan is a true heavy weight in the healthcare industry.
MWM Member Level Monday, 11/18/19 11:55:59 AM
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Anyone know this guy? Does CareClix have a Connection in Chile?
PM me and I'll send you what I just found...................
Jonathan Callund
Jonathan is managing director of Callund y Compañia Ltda., Chile’s oldest specialist consulting firm in employee health benefits. He is based in Santiago, where he advises local and multinational employers on their contingent programs for health care and welfare. Jonathan also represents the IFC as an independent nominee Director on the board of Seguros Bolívar in Colombia.
Jonathan has an MBA from Babson College. His previous experience includes Global Director with AIG’s Group Management Division in New York, and international consultant on insurance policy for the World Bank, the Inter-American and other multilateral agencies.
Quote:
Jonathan Callund is Managing Director of Callund y Compañía Ltda. and specialist in funded pension and annuity programs. His company is the oldest independent financial services and pension consultancy company in Chile, established by his father in 1981. He has played an active part in the formation of many AFPs and life and health insurance companies in Chile and in the Region. As a specialist public policy expert to the World Bank and multilateral agencies since 1992, Jonathan has also consulted to governments in Latin America, Asia, Africa and Europe on funded pension programs, supervisory regulations and technical aspects of related group insurance arrangements.
After 20 years of consulting based from Chile, in 2003 Jonathan moved to New York to join AIG as SVP and Director Global Pensions & Annuities, with underwriting, ALM, and product development responsibility for pension and immediate annuity programs in 35 countries, including Brazil, Poland, Hong Kong, UK and Greece and over-sight for USD12 bn. in AUM.
Jonathan is currently short-term consultant to the IFC/World Bank and sits on the board of insurance companies in the Region as an independent nominee director for IFC. He is also a member of the Insurance Ireland Business Advisory Panel in support of evolving pension legislation initiatives in the Republic of Ireland.
Jonathan has a Business Administration bachelor's degree from Bucks New University, UK and holds an MBA in entrepreneurship from Babson College, Wellsley, MA, USA.
All the truth and facts are in plain sight about what CareClix is/does and how it generates revenue. All people have to do is go to their website:
https://www.careclix.com
Or read SOLI's filings or do some DD.
Yeah they just hire Dr.s for some reason. LOL!
You are amazing. You nailed it back in Nov.
LOL
Good for you.
We are in for a great Spring, Summer and 2020 with SOLI
And it is all there on CareClix website and in SOLI filings.
https://www.careclix.com/government
Your welcome Freedom Train...don't let anyone tell you that CareClix isn't a full service telemedicine company offering many solutions.
I wouldn't be surprised if it was a Greg Arms contact.
This is just the tip of the ice berg for international deals coming our way.
Great Post. Lot's of value provided here.
From CareClix's website:
Government
CareClix offers industry-leading hardware and software, but we’re more than that. Our platform offers a best-in-class tool that helps government agencies improve quality of care, reduce costs, and expand patient reach. Here are our key differentiators that set us apart from the other players in the marketplace.
A Telemedicine Standard
CareClix helped author the guidelines that now comprise the nation’s telemedicine standards, as prescribed by the American Telemedicine Association (ATA).
iStock-520705848.jpg
doctors2.jpg
Network of Physicians
CareClix doesn’t just provide virtual health products. Based on your needs, CareClix also provides on-demand physicians and specialists who are available to see patients 24/7.
integrate.jpg
Integrate Your Solutions
We work with your existing system, software, equipment, and organizational standards to integrate with your current environment and meet your specific needs.
Industry Proven
smartwatch (2)_0.png
Tried and Trusted
We provide care to over 3.5 million patients worldwide and are quickly expanding our network.
clock.png
Versatile Platform
CareClix provides support for over 200 medical sensors created by over 20 different manufacturers.
Capabilities in Action
Our platform provides government agencies with the tools and features they need to deliver quality remote care and best utilize their physicians and caregivers.
Establish A Virtual Clinic
Providing quality care is difficult when more patients want medical care and only so many doctors and hospital beds are available. CareClix helps to alleviate that stress on your hospital system through a virtual clinic.
Enabling Remote Patient Monitoring
Many patients require post-operative or post-visit care and monitoring. This used to require follow-up visits, but CareClix’s remote monitoring services enable virtual patient monitoring to avoid unnecessary in-person hospital visits.
Physician Optimization
When patients have various ailments or rare conditions, it generally requires the care of numerous specialists, which can be difficult to manage. CareClix provides virtual services that enable physicians and caregivers to best treat patients.
That was a great run SOLI went on last year. Lots of money was made.
I can't wait for this year's run. I expect it to be even bigger.
CareClix currently has 9 job openings for Physicians ( see their linkedin ). see below.
Great company! You should learn about them!!
CareClix Telemedicine logo
On-Site Tele-Psychiatry Coverage OH Job
CareClix Telemedicine
Washington, D.C., DC, US
1 week ago
0 applicants
CareClix Telemedicine logo
On-Site Tele-Psychiatry Coverage OH Job
CareClix Telemedicine
Ohio, OH, US
1 week ago
0 applicants
CareClix Telemedicine logo
Physician / Telemedicine / North Dakota / Locum or Permanent / CareClix Job
CareClix Telemedicine
Washington, D.C., DC, US
2 months ago
3 applicants
CareClix Telemedicine logo
Physician / Telemedicine / Missouri / Locum or Permanent / CareClix Job
CareClix Telemedicine
Washington, D.C., DC, US
1 month ago
0 applicants
CareClix Telemedicine logo
Physician / Telemedicine / Nationwide / Locum or Permanent / CareClix Job
CareClix Telemedicine
Washington, D.C., DC, US
1 month ago
0 applicants
CareClix Telemedicine logo
Physician / Telemedicine / Missouri / Locum or Permanent / CareClix Job
CareClix Telemedicine
Jefferson City, MO, US
1 month ago
0 applicants
CareClix Telemedicine logo
Physician / Psychiatry / Ohio / Locum tenens / On-Site Tele-Psychiatry Coverage OH Job
CareClix Telemedicine
Ohio, OH, US
1 month ago
0 applicants
CareClix Telemedicine
On-Site Tele-Psychiatry Coverage OH Job
Company NameCareClix Telemedicine Company Location Washington, D.C., DC, US
Posted DatePosted 1 week ago Number of views2 views
Share
Nice buys to start the day!!
I just got home from physical therapy and see the great SOLI news. Need to read thru again and look up stuff.
Management is getting things done.
You need to read their PR's and filings to see.
CareClix's full suite of solutions is why we are going to see revenue grow exponentially the first half of this year.
And some say that they don't do TeleMedicine!!
LOL!
I'm not sure where you came up with the $10 million revenue #?
But I expect revenue to grow exponentially this year given the recent huge deals they have completed.
I hope you made good money on SOLI last year and are well positioned for this year's run.
That was a great run SOLI went on last year. Lots of money was made.
I can't wait for this year's run. I expect it to be even bigger.
The last reply I got from the company was on 12/19/19.
Just need to monitor the FINRA Daily List to see it pop on their when it gets approved.
The OS has been growing as the company pays some expenses ( some salaries, etc.) in restricted stock. This is very common for a young company as it's primary focus is to grow the revenue.
We will soon see how quickly revenue is growing.
People who read the Q's and K's and do DD know best!
We are in for a better ride this year than we had last year.
Revenue is growing exponentially.
Maybe you should contact the author of this article to set them straight?
Top 5 Companies in Telemedicine
FACEBOOK
TWITTER
LINKEDIN
By REBECCA LAKE
Updated Jul 6, 2019
Telemedicine represents a growing segment of the healthcare sector, and telemedicine companies are reaping the benefits of its rising popularity. According to the Global Telemedicine Market Outlook 2020, published by RNCOS Consultancy, the global market for telemedicine technology was estimated at $26.5 billion for 2018, with a projected compound annual growth rate that should reach $41.2 billion in 2021.
With telemedicine seemingly on an upward trajectory, it’s likely that competition among companies may increase as newcomers enter the field. If you’re interested in telemedicine, either from an investment perspective or as a consumer who’s looking for more variety in how you receive medical care, here are five companies that have proven themselves as industry leaders.
CareClix
Founded in 2010, CareClix coordinates with board-certified physicians around the world to provide a variety of telehealth services, including high-definition video examinations and remote consultations. CareClix also operates a provider care group, allowing physicians to offer their patients general and specialized services on demand around the clock.
On the patient side, the CareClix platform allows you to file and track claims online. You can also schedule telemedicine visits online and update them anytime through the self-scheduling feature.
Doctor On Demand
Doctor On Demand takes the house call virtual, making it possible for doctors and patients to connect via live video conferences. Doctors treat patients for a range of minor medical conditions, including sore throat, sports injuries, rashes, and flu symptoms.
In June 2015, the company announced a $50 million Series B funding round, designed to allow Doctor On Demand to expand its range of services and grow its customer base in the process. In April 2018, the company closed a $74 million round of Series C financing.
$26.5 billion
The global market for telemedicine technology in 2018.
Excellent post!!
Here is a little piece for you from the last Q:
The Company and its subsidiaries currently maintain three separate lines of revenue; revenue from sales of product by Clinical and Herbal Innovations; revenues from use of the recently acquired CareClix software by third parties (Software as a Service or SaaS); and revenues from patient consultations through the CareClix telemedicine system. The revenues from these three lines of business are recognized as follows:
SaaS: The CareClix software system is used by certain third-party customers to service their telemedicine clients under written service agreements with CareClix, Inc. Those clients generally pay a co-pay at the time of service, in most cases by credit card, and those co-pay fees are transmitted to CareClix, Inc. through STRIPE, a card processing service, as part of the third-party service agreement. That revenue is recognized as received. On a monthly basis, the balance of the client fees is billed, and the invoice is charged to service revenue immediately. The identity of the client, the related performance obligations, the various transaction prices for different levels and frequency of use are all determined by the individual service agreements with each client, and the CareClix software maintains all of the details of the price, performance, frequency and billing under each contract. The co-pay fees are received after the completion of the service provided to the telemedicine client by the CareClix customer and the balance due for those services is billed monthly in arrears by CareClix. Total revenues from SaaS for the three and nine months ended September 30,2019 was $216,470 and $394,797, respectively.
"Telemedicine Revenues: Other customers of CareClix use the CareClix telemedicine platform directly to service their clients or members and the CareClix software maintains the record of the number of consultations and other work performed for the customer’s clients, using the CareClix contracted medical doctors, and CareClix bills the customer monthly for all services provided during the month, in accordance with the written agreement between CareClix and the customer. That revenue is recognized as income at the time it is invoiced since it is for services already rendered during the month of billing. Total telemedicine for the three and nine months ended September 30,2019 was $311,506 and $568,122, respectively.
Approximately 58 percent of the Company revenues for the nine months ended September 30, 2019 were derived from three customers, in the amounts of 34, 12 and 12 percent.
Since the CareClix, Inc. telemedicine operation commenced in mid-April, 2019, the accounts receivable of the subsidiary are less than 100 days old and there do not appear to be any uncollectible accounts as of September 30, 2019. Accordingly, no allowance for bad debts has been established and will not be established until the subsidiary has more experience with its receivables collections. A detailed analysis of all accounts receivable will be undertaken at the end of the fiscal year.
Have you read their quarterly reports to see how they generate revenue and what type of operations they have?