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It should be a concern as it shows a disregard for shareholders. Not to mention the increased interest it would generate in the shell as opposed to a heavily debt ridden on going concern (mit,sap etc..) that the majority of people think it is now. Not to mention the legalities something like this could cause, i.e. investing under a belief that STMC is something it really isn't. People here should email Looney with this concern as well as the SEC. If it forces his hand thats all the better for shareholders. Because either he is the CEO and hasnt done his duty to the shareholders by announcing these matieral changes in a 8-k, which STMC is legally obligated to do. Both with changes in board members as well as status of STMC i.e shell or ongoing concern. I emailed him today on the matter and will give him thru tomorrow to respond. Then I will be writing to the SEC for answers to why STMC has not announced any of the changes within the company. People need to know the good things that are going to take place, that will bring in the volume and I will feel more secure knowing that the new management is following the rules implemented to protect the shareholders.
has anyone found it really strange that there has not been any 8-k's filed? For starters review this from the SEC on 8-k's
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
http://www.sec.gov/answers/form8k.htm
and if you look at sunbiz.org 11/19/2009 http://sunbiz.org/pdf/62971101.pdf and 1/14/10 http://sunbiz.org/pdf/66219140.pdf
you will see a lot of board members and a ceo out of the picture on the 1/14/10 pdf. these things are matieral events that would affect ones investing strategy and they have not been reported by STMC not to mention not having an ongoing business concern and being in shell status. Whether Looney doesn't want to say something or not he needs to follow the rules of the SEC. And the rules clearly state that matieral events should be reported as a 8-k. He clearly hasnt done that.
take a look at WAMPQ...its a washington mutual (WAMUQ)preferred share...what a day!
thats a bit strange isnt it? not even a press release to announce new management?
quick question...has ken looney ever put out a press release since starting as ceo of STMC? or has it just been phone calls and emails?
i hear ya.... lets get it out there during market hours...friday after hours is where you bury the not so flattering news...NOT the sweet sweet news of a reverse merger... cmon Looney tunes!!
i was just going by this post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=46090886
couple of questions for those with great STMC knowledge...1st saw some posts about a new website...is that for STMC or transformation enzymes?and is that up and operational yet? 2nd part of a post from stock momo "Ken called me back and said it is a shell now due to the 26 Million in debt that was owed and he has been working for about 4 months to clean everything up" how do you clean up debt in a shell company? more shares isssued? or someway else? i definitely know less than zero about shells and cleaning up shells...thank you for your time
anybody here got share counts? authorized, outstanding, public float etc...
yup when you buy on the bid they show up as sells...i dont have l2 so i couldnt comment on the other 500k volume today...but ill bet you some of it was more purchases on the bid side...so overall its more accumulation than selling... this is what drives me crazy with the MM's...when they want it down even if your buying on the ask sometimes they sell to you on the bid...the otc is like the wild west... lawless
chad those .01's are not sells...i bought another 190k to average down my earlier .013 buys...and they sold them all to me at .01...so of the 702k volume 460k were my buys alone today
i have no idea as to if theres news around the corner...i just started looking at this one yesterday...but the DD is solid and the price is cheap...so i figured what the heck...of the 390k today i bought 270k of it....200k @ .013 and 70k @ .012 question to the longs here...is this one manipulated alot by the mm's? it kinda looks like it....man i hate plays that the mm's are always messing with it...tia
that would be me...trying to fill a 200k order
if i had a nickel for every "news by the end of the week" post ive seen...i wouldnt have to trade to make money...seen some bad burns, and been involved in one...on supposed news coming scenarios...although the dd sticky here is as solid as it gets...so thats cool...speaking of news anyone follow the XMDC debacle? someone called the office a few days ago and the secretary said a press release within two days...i had a 1000 dollar order on the bid for the last 10 minutes of the day 2 days ago @ .021 im so glad it didnt fill...finally my cheapness paid off on buying a security...that press release this morning was a stinker
ok just bought 50k shares @ .01 hopefully this thing will take flight sooner than later!
what do these guys do? sorry new to stmc...havent bought yet but interested in what it is....tia
if i could get out a .02 id be quite content...who actually owns the shell? holligan?
I called and asked for investor relations...and they do have someone in house doing it...i got her message box...and left a message...please do the same
everyone needs to call them 407-833-4600 and write them
corporate@rotech.com
investor@rotech.com
hopefully then they will listen
CapIQ seems to be a research sub of standard & poor's
i couldnt find it there either...or scotturd...i even copied and pasted that whole news clip onto google....came up no matches were found...hopefully they put something out tomorrow...after researching them this past weekend.. i feel they have a sub par pr/investor department...
on a break at work...anyone hear from Rotech yet? send them emails until they start PR's again...looks like they stopped using businesswire a few years back. they have 2 different emails on their website
corporate@rotech.com
investor@rotech.com
ive written to both of them and i hope you guys do too! Afterall you are a part owner in the company. in subject line of corporate@rotech.com i filled in Michael Dobbs, he is the chief operating officer... we need to email them so they get the point that as shareholders we do deserve to know what the news is with Rotech! because with past indications being they stopped PR'ing does not help a stock...see ya all later
hopefully someone will call them tomorrow and discuss there lack of pr machine with them...i would but i gotta work... rotech healthcare (407)822-4600....otherwise sadly it'll be another missed opportunity for them to get some decent exposure on some great news...
Updated email to investor relations...hopefully they get the point
Hi, I have just recently invested in to Rotech Healthcare Inc. and I just wanted to make a comment. in my research, I noticed that you guys have had some pretty good news and are righting the ship at ROHI. The reason Rotech Healthcare Inc. can not get any traction with the investing community is for one reason. That reason is your choice of company for releasing news related to ROHI, US Fed News Service. This information does NOT, I repeat does NOT get picked up by any trading platform, much less any of the other news services or outlets i.e. CNN money, Yahoo Finance, Reuters, Business Wire, Marketwire. If Rotech Healthcare would switch to a more mainstream media outlet like Reuters, Business Wire, or Marketwire, any and all news press releases by Rotech Healthcare will be carried by all the major outlets. Which is the exact exposure this company needs to the investing community. Because at this point Rotech Healthcare Inc. is certainly not getting it. Thank you for your time and I hope to see a change in the way news at Rotech HealthcareInc. will finally get to the investing community.
ok after reviewing their press releases on highbeam research...http://business.highbeam.com/company-profiles/info/1239072/rotech-healthcare-inc they do announce alot of news and contracts...if you go to the aforementioned link and scroll down and click "read all articles like this at highbeam" and then maximize results per page to 50 then scroll the 300 plus pr's you will see that their problem is the news service they use US Fed News Service obviously does not get picked up by any trading platform. Looks like I will have to apologize for my rant oops! It seems they used to use Business Wire, which obviously gets dispersed to all trading platforms, unlike this US Fed News Service. Hopefully if enough of us email them they will switch from US Fed News Service to a more friendly pr platform i.e. Business Wire or Market Wire.
This is the message I sent to investor@rotech.com I hope all of you have also contacted them likewise.
First off let me say that as an investor I am appalled that a company of this size and magnitude, does not announce contract awards from the Veterans Affairs to the tune of 88 million. This is just ridiculous, news like this should be on Marketwire or Businesswire etc. Shareholders are the lifeblood of a company, and yet it seems the shareholders are rarely updated or informed with the direction this company is going in. Why is that? If you dont have an investor relations firm handling this business for you, someone at Rotech preferably the CEO Philip Carter, should be knocking these press releases out of the park. With news of an 88 million dollar federal contract and regular updates to the shareholder community you would see reinvigorated investor sentiment. Probably to the tune of a trading range of 30 to 50 percent increase. As investor I can tell you this, no one likes not getting favorable news dispersed to them via one of the press release companies e.t. al Marketwire or Businesswire etc. In my due dilligence studying of this company Ive seen many negative complaints from employees about management. With a company of this size thats understandable, you cant make everyone happy all the time. But to not have a investor relations firm and / or someone within the company NOT announcing new contracts via press release companies is just plain reprehensible. Whomever you are in the investor relations that is reading this please feel free to distribute this to everyone in upper management all the way to Mr. Carter the CEO himself. Thank you
somebody should fix the i-box so it doesnt say 88 mil contract-not...it makes it look like no contract...lol
biomedreport response.... Dear xxxx,
Thank you for the information.
I will pass this on to our research team.
Best Regards,
Mary Davila
Administrator
BioMedReports.com
===============================
ROHI otc bb 88 million $ contract
Friday, February 12, 2010 11:15 AM
From: xxxxxxxxx
To: garza@biomedreports.com
Hello biomed, you guys should really check out a healthcare company called Rotech Healthcare Inc. (ROHI). On february 10th they were awarded a 88 million dollar firm-fixed contract with the Veterans Administration.https://www.fbo.gov/index?s=opportunity&mode=form&id=917e99e66e4388d62b787ccd5980232a&tab=core&_cview=1&cck=1&au=&ck= Although ROHI has not yet announced it, it is public information vis a vie the link I posted above. This otc bb is on its way back to being a premier company. Look into it and let me know what you think. Thank you, xxxx
I just emailed biomedreport about ROHI. This would make a great feature for them. if you wanna email them also heres the link...lets give them a couple hundred emails on this sweet under the radar company. http://biomedreports.com/contact-us.html
has anyone tried to contact ROHI to ask about the contract and possible press release? (407) 822-4600
i got in @ .49 now that we all know the numbers...lets see how we all found out about this gem....ill go first... someone posted news and link on stock hideout real time message board....i looked...i thought for a minute...and bought
dank bud...good to see you here and not at DLCR...i sold all my DLCR the morning of the shareholders letter...got in here @ .49...and i see you said your a govt worker...i assume your in the legislative branch getting the marijuanna laws reformed...right?
so is the stem sonix news good for pwrm or not?
is there even an equity committee? and yes the judge is the be all end all in bk situations...put ESAN on your radar...high volume and super small float 12 million
not as far as i can tell..no one has posted any pacer documents or links...which would be the most up to date information on the status of all which is being discussed here...everyone seems to be using information from filings which will not tell you the status of anything that was ordered in the bankruptcy proceedings...later z.
ESAN....any thoughts? im definitely liking the volume and the float size (12 M) plus i hear it'll be featured tomorrow
ESAN....im liking the way this one is shaping up...good volume coming in...super small float...and im hearing promo on it tomorrow...its a must radar for tomorrow
ESAN...I am liking this one...volume up...getting some serious attention...i hear there will be a promo on it tomorrow
ESAN people...small float starting to get some attention...i believe a promo will be released tomorrow on it...get in quick!