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Everyone can have their own opinions but not facts. So let's review the facts:
-SOLI management purchased a shell
-They filed all the necessary filings and became fully audited
-They purchased CareClix platform, patents and trademarks, etc. in Spring of 2019.
- They secured a Market Maker to file a form 211, got it approved and got off the Grey market in the Fall of 2019.
- They completed the SOC 2 Type I Audit Certification in 12/2019
- They started to ink deals in the Winter of 2019/2020: MAXIS GBN, Trapollo, Chile, CoreChoice Network, etc.
- On 1/31/20 a new Audit firm is announced, via 8K. It is stated that the new firm was needed because the old firm wasn't big enough anymore to handle the work.
- CareClix is all over the news as Covid-19 is hitting and TeleMedicine is being talked about: CareClix CEO is featured on Fox News.
- They announce plans to change their name to CareClix Holdings 3/25/20
- They are suspended on 4/13/20.
- A new form 211 is filed to get off the Grey Market ( by MM Glendale the same MM that filed the original 211).
- Almost all PRs and filings are stopped after the suspension ( only the 4/20/20 PR regarding clarifying home testing, the PRE 14C regarding vending out Clinical & Herbal Innovations, Inc. and the 8K regarding late filings of the 10K aand Q1 are released).
Now my opinions:
-SOLI was caught up in the giant SEC action taken against mainly OTC companies which PR'd anything about Covid-19.
-The suspension against SOLI temporarily derailed their plans: they stopped most communication because they didn't want to give the SEC and /or FINRA anything to scrutinize.
-When the new audit firm came on board they needed to start from the beginning because no audit had been done since the acquisition of CareClix. And with Careclix being an international company the audit job is very big and time consuming.
-I believe we are very close to getting the delayed financials and once they are submitted the train will be back on the tracks and we will see the 211 get approved, the name change happen, PR's start-up again, etc..
Management hasn't taken all the steps it has to get tasks completed, take common shares instead of cash salary, to stop now ( why would you hire a new audit firm if you weren't going to get the filings audited and release them? It doesn't make sense).
Yes FINRA needs the company to be current with it's financials to approve a 211.
You have a good grasp of the obvious.
I understand. I'm not saying I support the "no PR" plan but we know what their approach is.
And I agree that there is so much that they could be PRing.
Nice buy!
Congrats to you.
Not strange or rare on the Greys. Lots of fills are lower than what the order was put in at.
Thanks Sprycel!
That's because you know what you own!
And you know the rewards are coming.
We are 3 filings from going current. I am sure that they are working hard to complete those 3 filings.
But it all starts with the audited 10k. The new audit firm was announced on 1/31/20. I wouldn't be surprised if it took a little time to get them up and running. Also, this is the first audit since the acquisition of CareClix. They had to start at the beginning and keep in mind all of the countries CareClix covers.
Then you have the exponential revenue growth ( we have seen all the DD on this board with CareClix deals everywhere ).
The company is being silent, and for good reason. Don't release anything that the SEC or FINRA can evaluate until after the 211 is accepted (not long ago Korangy was in the news doing interviews for TV and articles almost daily and as soon as the suspension happened he stopped).
I believe there is low volume because those that read this board already have made their plays (some are fully loaded, some don't have a position and are waiting for financials, and some have a position but will only buy more base on financials). And the company is not releasing any PRs so very few new people are learning about the stock. I don't think you can make the assumption that we aren't close to being current because the volume is low. News doesn't always have to leak out before an event, especially with a tight lipped company. ( we didn't see volume increase days before the 211 was accepted last Fall...news didn't leak out).
As far as the company going private, it runs contrary to all of the management taking salary in common stock and putting money into the company. I believe the big $s will be made with the leverage of all those common shares management has.
Patience will be rewarded.
I love the comments.
CareClix is everywhere.
Another great find EdF!
I did read every word and like what I see...no, I love what I see.
I have a magic browser too...it works fine for me also.
It is working for me.
Can you provide the link to be more specific?
Thanks
Thanks for being specific and providing the link. It appears to be up now.
Which site? CareClix? SOLI IR?
Please post link.
thanks
Some impatient person is going to miss those shares very soon
Check out his "about": it looks like they signed a deal with NYC
About
CURRENT JOB
I am extremely grateful to currently be an Independent Account Executive for CareClix Telemedicine, a well run, innovative, and ethical company. CareClix offers a suite of Telemedicine technologies and services that are truly revolutionizing the way hospitals and clinical care settings operate. Our products and services are applicable in many settings including Accountable Care Organizations, Correctional Facilities, Government, Health Plans, Third Party Administrators, Employers, Hospitals, Post Acute Care, Private Practice, Health Systems, and Insurers. We are currently working with Anthem, Trapollo, Bupa, T Mobile, MetLife, The New York City Council on Aging, Yale University School of Medicine, Johns Hopkins, and many, many more.
The Telemedicine space is growing quickly and many institutions are poised to tap into this new revenue stream while helping its employees and countless customers to access high quality healthcare around the clock, no matter where they may be. According to a study by Global Market Insights, the current Global Telemedicine market is at about 38.3 billion and it is expected to increase to 175 billion by 2026. See the article here: https://www.gminsights.co
Too crazy!
And looking soooo good.
I am so looking forward to the financials.
You probably need two showers!
Your right! Another huge area that CareClix is servicing.
The financials are the key. There have been so much expansion and so many deals since the last filing:
-CareClix in Chile
-Trapollo
-expansion into Canada
-expansion into Australia
-Maxis GBN
-expansion into China
-homecaremedi
-St. Johns River Rural Health Network
-Government contract
https://www.usagencies.com/telemedicine/
https://www.aspenmga.com/aspen/careclix_telemed.html
https://www.vernfonk.com/Telemedicine/
https://www.acfinsurance.com/blog/the-benefits-of-telemedicine-for-your-healthcare-needs.aspx
https://www.oasisinsurance.com/telemedicine/
https://www.freewayinsurance.com/insurance-options/telemedicine/
https://www.autosmartins.com/telemedicine-plans/
https://www.x5insurance.com/telemedicine.html
https://alpainsurance.com/en/telehealth
https://keystar.keystarinsurance.com/shop-keystar-insurance
https://bmatpa.com/services/telemedicine/
https://rvhealth.com/
https://www.costulessdirect.com/telemedicine-plan/
https://www.bluefoxbenefits.com/
https://empowerhealthinsuranceusa.com/telehealth-for-behavioral-health/
And the list goes on and on.
The revenue will drive the PPS
Excellent points!
When we get financials all the rest will follow shortly after.
No recent bid or ask quotes are available because no market makers share data or quote such stocks. There is no quoting system available to record and settle trades.
There are no market makers on the greys.
No? LOL. How do the transactions happen then?
How come when I call Etrade for a bid and ask for SOLI they call the trade desk and tell me what the bid and ask is AND WHAT MARKET MAKER it was from?
It is up there with the Maxis GBN deal for sure.
It looks like you a helping connect those dots.
Great find Fishing at Surfside!! Keep up the great work.
That is so funny....Planet CareClix DT's next boat. LOL
Maybe people feel we are getting close to things happening. I personally feel we are getting close to seeing the financials, and shortly after that will come the 211 approval, then name change. Now would be a great time to buy(in my opinion) or add to an existing position.
As far as volume from board posters we have seen a number of posters sharing their buys. Sometimes buying be gets buying.
Haven't you seen all the posts showing CareClix is everywhere and deals are being made like crazy?
I also think that there is a feeling that financials will be coming soon and we can move forward with the 211, name change, etc.
I have always wanted to ask you what those two guys are carrying in the box? Your money?
Wow just got home from golf and see lots of activity on the board this afternoon. All the pieces of the puzzle are coming together.
daiello, you truly add a lot of value to this board...thanks for your posts.
I will 2nd & 3rd that.
EdF is a real asset to this board with his DD/investigative skills.
You are correct.
We had " Verified Profile" as one of the listing but probably lost it with the delayed financials.
Agreed. That is why they completed the SOC 2 Type I Audit.
Press Release | 12/05/2019
ALEXANDRIA, VA / ACCESSWIRE / December 5, 2019 / CareClix, Inc. a wholly owned subsidiary of Solei Systems, Inc. (OTC PINK:SOLI) is pleased to announce, effective November 4th, 2019 it has received the American Institute of Certified Public Accountants (AICPA) Service Organization Control 2 (SOC 2) report. The audit conducted by Schellman & Company, LLC found that CareClix meets the SOC 2 standards for security and availability trust services principles with zero exceptions listed.
This report provides detailed compliance to AICPA policies and controls relevant to Security, Availability, Processing Integrity, Confidentiality, and Privacy of data. The certification further reinforces CareClix's leading position on compliance and security within the telemedicine industry. CareClix is HIPAA and HITECH compliant, providing the upmost care in health information privacy.
"In the growing world of telemedicine few things are more important than security and compliance. Our company's tight control over security is critical to all of our clients. From large pharmaceutical companies, corrections health care systems, and multinational companies for their employees and families, to the small doctor's offices and local school system health partners, our clients know they can trust us to offer custom telemedicine solutions that are both secure and innovative." - Josh Flood, President of CareClix
SOC 2 reports are attestation reports that examine controls at a service organization relevant to the security, availability, or processing integrity of a system (security, availability, and/or processing integrity principles) or the confidentiality or privacy of the information processed for the user entities (confidentiality or privacy principles). SOC 2 reports demonstrate a company's ability to not only implement critical security policies but also prove compliance over an extended period of time.
"As telemedicine continues its meteoric ascent into the main stream, CareClix is attracting more and more partners who are sure to appreciate our certified, excellent, compliance standards and best in class internal security practices. All of which constitutes yet another essential brick in the solid foundation we are committed to building in order to take full advantage of the huge growth opportunities coming in 2020 and beyond." - Dr. S. John Korangy, CEO of CareClix
CareClix, Inc. will perform the SOC 2 Type I audit on an annual basis and can make the report available to current or potential customers upon execution of a non-disclosure agreement. If you are interested in viewing CareClix's recent SOC 2 Type I report, please contact us at info@CareClix.com.
Nice find.
It might be a small contract ($56k) but they all add up and sometimes lead to additional bigger contracts.
Thanks for the reply and info.
So if CareClix has 2500 physicians and each one averages 10 calls per day and CareClix makes just $5 per call ( Bego2 posted that he used CareClix on a telemedicine call and it cost him $69 ).
CareClix would have revenue of approximately $3,750,000 per month just from telemedicine, not the SAS (selling/leasing the software/platform) part of the business.
Just some quick math.
Did you see the part:
Managing 2500 physicians in over 60 countries serving 20 million users
You are wrong. It is in Dr.Korangy's employment contract to be paid in stock.
I think he knows what he is doing and believes he will do so much better with getting paid in stock.