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Yeah, I just hope SAFC can work out an extension or modification to the guarantee in the contract. If not, SAFC is going to owe a lot of shares that don't exist right now and all we have to do is look at how the recent OS trickle additions to the OS affected the PPS to guess what would happen if $5.2 mil needs to be covered by shares valued at .002 or even .003.
If and when SAFC is able to put out the products they intend to the company will still be worth a lot. The question will be if it is climbing out of the .00's with a 200 mil OS or the 000's with 2 billion+ OS.
Without discussing specifics, as with all my penny's I have enough SAFC shares to make some nice money but not so many that it will hurt me too badly if it bottoms out.
I could be wrong, but every time SAFC ends up moving up on the BB the PPS ends up moving down.
Like the personal P&D that one person or a couple of people pulled off not long ago just using message boards.
For many of us, if not most of us, the 2012 filings are seen as nothing more than a step towards becoming fully compliant. We already know the 2012 numbers will not show the progress that the 2013 numbers are expected to. However, that may not be universally true.
I had a thought the other night that MDHI might be delaying the SEC filing of the 2012 numbers until they had the 2013 filing ready to follow very shortly. This could limit any unexpected sell off--even if it is as minor as the one the un-audited ones caused---by quickly providing the positive financial information we are expecting from 2013. (this is just speculation on my part)
Do you have any info on the status of the 2013 numbers and filing?
Interesting to note that when a 5000k share purchase is used to paint the PPS up a notch people go crazy about the small purchase but when the PPS is painted down by the same size purchase there is no outrage.
Did he e-mail you? Because you are the first person I've seen post this here.
Where did this come from? Any proof?
Now this is what a "safe harbor" type statement looks like when it is used to address a claim that is known to be inaccurate.
We have already discussed safe harbor statements.
In post # 31340 I said "Safe Harbor statements are not promises. That is why every company at every level--pink, OTC, NYSE, Nasdaq, Chicago, even grey sheets--uses safe harbor language in safe harbor statements."
In post # 31341 you replied "Ya know.....I know that"
Every publicly traded company (and many companies that are not publicly traded) protects the information included in forward looking statements with safe harbor statements for legal protection against individuals being able to say they were lied to if the forward looking statement is incorrect.
I don't disagree that the company indicated that it wanted to have the financials out by July 31 but it is not a promise. The key word is "intends".
As I have said before, I believe MDHI should never have given a date that they "intended" to release the financials as they have no control over when an independent auditor will complete audits, complete the filings and sign off on the filings so that they can legally be filed. Giving a specific date only created the false sense that MDHI was guaranteeing that specific date.
While I happen to believe in MDHI and its product, I know there is enough to be concerned about MDHI without MDHI giving fuel to those that misrepresent the facts to make the company appear worse than it should. MDHI is a penny stock after-all.
What MDHI has stated as a fact in SEC filings is that the company has achieved positive operating cash flow. When audited numbers for 2013 show this to be a fact the company's stock will begin to take off. Until that happens, everything else posted here about MDHI, good or bad, is speculation and innuendo.
Not true. There has not been a weekly guarantee from MDHI regarding the release date of the 2012 financials.
A random poster at I-hub copying and pasting the same post each week or day that says "financials coming next week" is not a guarantee from the company.
Only when MDHI files a document with the SEC guaranteeing the release date of the 2012 financials will we have a guarantee.
"We were told by a poster here many weeks ago on a Friday afternoon, if I recall correctly, that all Ron had to do was PROOFREAD the 2012 materials sent by the auditor, and then return it to them. Actual financials were to be released the next Monday, according to this poster's conversation with Ron."
Incorrect. No one ever said that.
It was holding at or near .0015 after the dividend fiasco until they announced all the new shares in July. PPS got cut in half in a day and has been bouncing up and down with e general downward trend since then.
"No thanks.I'll wait for MDHI....probably has.been obviously given bad information but I'm sure meant well for mdhi"
I think this was supposed to be a reply to my post but since I can't understand it I am not sure and certainly don't know how to respond.
Please try again in english.
Please read post # 31369 from drKen
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91951814
ceo1-not sure why TDAmeritrade would put that up as new info. That is what was released in advance of the agreement with SAFC last year.
It was their first claim that they were issuing a dividend.
They have been paying themselves in shares, at least in part, for years. Plus the can file to release restricted shares early under rule 144.
We also have no idea how many shares have been released into the German Market that may be finding their way back into the OTC. That was one of the biggest concerns that was raised in the article I originally saw about the dual listings.
I will have to try to find the article again.
No bad news to drive the desire to sell off yet volume shoots up and the price goes down just as it has each day SAFC his increased the OS since the end of June.
IMO this pattern continues to show SAFC giving shares to insiders to replace the older, unrestricted shares the insiders are dumping into the float.
Unless you are using the wrong terminology here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91973631
where you discuss "buys vs sell orders"
a "buy order" specifically refers to an order placed with a broker to buy a stock
http://financial-dictionary.thefreedictionary.com/Buy+Order
http://www.investorwords.com/653/buy_order.html
and a "sell order" specifically refers to an order placed with a broker to sell a stock
http://financial-dictionary.thefreedictionary.com/Sell+order
http://www.investorwords.com/4467/sell.html
Each order placed by an account holder to buy a stock is a "buy order".
Each order placed by an account holder to sell a stock is a "sell order".
Neither gets filled unless there is a market maker or another account holder willing to buy or sell at that price.
In general, more buys=higher demand=higher prices and more sells=higher supply=lower prices.
However this is not universal especially when dealing with penny stocks where it is easier for one big buyer or seller to skew the market.
And as to "a few people trying to get in cheap", when there is a consistent gap between the bid and the ask with an occasional seller dropping down to fill the bid; yes, there are people trying to get in "cheap" compared to what the general ask is for the stock.
MDHI is not likely to move significantly in either direction until the 2013 numbers are released but I'm sure there are a lot of people that would jump at the chance to buy right now at .0005 and sell right now at .005. Nobody is selling that low or buying that high. There is no supply at .0005 and no demand a .005
"The License Agreement provides for certain adjustments in the event that Safecode's shares are not equal to $0.70 or greater than that price twelve months after the effective date of the agreement"
This is accurate but the problem is what the adjustments are. From the actual license agreement:
"the Parties agree: (i) to renegotiate the terms of this License Agreement and the grant of License hereunder; and/or (ii) Licensee shall issue additional restricted Shares so that the Shares initially issued pursuant to this License Agreement, together with the additional Shares issued following the 1st anniversary of this License Agreement, shall equal the License Consideration."
So what this means is that if the other party refuses to renegotiate the contract, SAFC must issue them enough new shares of SAFC stock to cover the remaining $5.2 million guaranteed value of the contract.
Here is the link to the contract itself.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8927494-5465-22767&type=sect&TabIndex=2&companyid=855318&ppu=%252fdefault.aspx%253fcompanyid%253d855318
Are you saying the number of buy orders vs sell orders is relevant to today's trading of MDHI?
4 Trades.
Less that a million shares change hands.
No difference in the PPS.
This was a sell off?
Chances are one buyer put out a million share bid and it took 4 sellers to almost cover that one bid at .0017. So in this case sellers out numbered buyers by 4-1. Is that difference is relevant?
Until such a time that the supply and/or demand for MDHI shares is 100 times what it currently is with a lot more traders involved, buy orders vs sell orders won't be relevant. Right now all we really have is a few people trying to get in cheap,a few people trying to get out because they are tired of waiting for news and an occasional MM willing to soak up or release some shares.
OK. I can accept that and I agree that 2012 is a stepping stone in showing the process is continuing. But I don't see the filing of the 2012 causing current shareholders to suddenly want to increase their position enough to cause a significant run by MDHI.
I also don't see many currently invested in the company running from the audited 2012 numbers even if they are worse than the un-audited ones as it's the 2013 numbers that are supposed to show the positive cahs flow.
Nothing really changes without the financials. In fact nothing will really change with the 2012 financials unless some peolpe have never seen the un-audited ones and they sell off shares in a panic.
What we need is the 2013 numbers that will hopefully back up the statements made under oath in the SEC filings. Whenever the numbers are released, if I see positive cash flow for the last two quarters of fiscal 2013 I'll be thrilled. It the positive cash flow is growing, so much the better. If the projected---but not guaranteed--operational profit has begun, I will celebrate.
Every transaction is both a buy and a sell. Cannot buy without a seller and cannot sell without a buyer. Without both the transaction does not occur regardless of how it is listed.
It's amazing that anyone would think otherwise.
Well, I wasn't far off. "Dividend investor" posted this earlier:
"I owe a sincere thank you to all involved who bought @0.0051. I had an open order for months and finally sold all 3,255,000 shares. Not bad since entering at 0.0022. Never forget, pennies are for play. Dividend stock has the true money."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91955059
That comes to $9439.50. And I question the "months" part of that statement because SAFC has surpassed that threshold six times in the past 2 months and only got as low as .0022 since the last bump above .0051 in the past 3 weeks.
It's amazing how MDHI is able to sell stock without anyone buying it.
OK, it wasn't an official P&D from the company. I feel better about that.
Not a bad day's work for an individual to pull off their own little P&D though. If they were able to put flip 5 mil shares @ an average profit of .002, that's quick 10K flip created by posting on a message board.
Yeah! SAFC went two days without adding shares!
I wonder where the push came from yesterday for a single day only. Pumpanddumps still does not have SAFC back on its radar.
Maybe it was a legit min-run with a lot people taking quick profit and will rebound tomorrowor a test to see how a full fledged P&D might fare.
I did not say "all" medical alarm users, I said a "significant majority" of medical alarm users. There is a very big difference.
You are correct that there is a portion of the medical alarm cuntomers who want or need the mobile capability. That percentage is growing. But it is still only a small % of the overall number of people that need the protection.
And the cellular coverage has not been available through the major providers for a long time. During my research I came along a medical alarm review site that had a full article that I thing was from early 2013 but might have been from the end of 2012 about how the next step would need to be cellular coverage. I will have try to find it again. but it verified my point about the "significant majority" of medical alarm users having assistance when out of the house. The main reason for the need to expand into cellular coverage was because so many "baby boomers" don't have land lines any more and either didn't mention or barely mentioned the need for added coverage for those that are more mobile.
By the way, some of the competition that are reasonably well known with decent market share still requires an actual land line and are not compatible cable provided VOIP, Magic Jack, or Vonage
Safe Harbor statements are not promises. That is why every company at every level--pink, OTC, NYSE, Nasdaq, Chicago, even grey sheets--uses safe harbor language in safe harbor statements.
A promise or guarantee would be "MDHI guarantees to be 100% compliant with all SEC filing regulations by June 30, 2013."
Anything short of that does not constitute a promise.
Please provide proof of these "promises" MDHI made.
This is the one thing that MDHI is doing that bothers me. Even though terms like "intends" and "want" are used when giving dates MDHI would "like" to post the financials, MDHI has no control over what and when the independent auditor does things.
By giving a date, even when the date isn't promised, MDHI creates expectations.
When I called MDHI on Tuesday, September 3, I was told the longer gap between receiving and posting the 2011 numbers and receiving and posting 2012 numbers was caused by the auditor being on vacation. Even if the auditor returned to work on that day, how could MDHI know--with out any doubt--when the auditor would finish whatever is not done?
IMO, a better answer would be something like: The auditor is on vacation and is needed to complete the filing. Once the filing is complete with all the necessary signatures, it will be posted as soon as possible. I don't foresee it being much beyond Sept 10 but the exact timing is out of my hands.
From what I know from personal experience, a significant majority of people that need medical alarm products are not going to be 2 miles from home without being accompanied by someone else who can dial 911 in the event there is and emergency. Given that, we don't know what the specs on the new unit with the integrated wireless will be and in truth we don't know what the specs on the plug-in to allow the current units to operate with cellular service are.
Also, since MDHI's business model is selling the monitoring service not the unit, they are supplying the plug in free of charge and will probably offer the new unit as an upgrade when it becomes available. that is a significant benefit to a company that gives the equipment with the purchase of the service.
What makes "Great call 5 star" superior when compared to the MDHI medipendant? It is not monitored by EMT's. It does not have a land line option for brick or block buildings or poor coverage areas. It is not water resistant so it can't be used in or near a bath or shower (one of the most accident prone locations). The unit only has a 1 year limited warranty vs MDHI's lifetime warranty (MDHI sells the monitoring service, not the unit). It does not come with lockbox for emergency services to get past the door without breaking it down.
At what point does "Great call 5 star" become cheaper when compared to the MDHI medipendant? The unit costs $50.00 and the activation fee w $35.00. Yes, the monthly monitoring fee is less at $15.00 which eventually makes the unit less expensive. It takes 9 months to get ahead if you don't get a lockbox. If you get a lockbox, it ads another $40.00 plus S/H for a 4 digit combination lock box so it will take 11+ months to get ahead price wise at which time the limited warranty has almost expired and if anything goes wrong you're back at square one.
So in reality MDHI's product is better, has more options, has more features, is monitored by certified EMT's and costs about the same.
Great call 5 star appears to be a decent product for what it is but it cannot stand up to side by side comparison with MDHI's product. Even the one advantage of cellular coverage no longer applies.
Try looking at OTCmarkets.com. Most transfer agents are also listed on the I-hub message boards in the information above the posts.
Here is the info on SAFC:
Tiffany Erickson
Transfer Agent Manager
Nevada Agency and Transfer Company
50 West Liberty Street, Suite 880
Reno NV 89501
Tel: 775-322-0626
Fax: 775-322-5623
Email: tiffany@natco.org
www.natco.org
Just be careful about the AS, OS and Float listed anywhere as they are at the mercy of the transfer agent releasing the info and of someone else updating it. Up top here, safc is listed as having 163 mil OS. OTCMarkets still has 143 mil and Tiffany told justabroker the current os is almost 220 mil as of this morning.
I don't care what the level 2 "shows". What I know is SAFC volume the last week of august was down to 170k shares the day before about 15 mil new shares hit the market and around volume broke 20 mil while the price dropped. Last week volume was around 2 mil escept the day after SAFC increased the OS by 15 mil and the volume hit 16 mil. Yesterday or today SAFC added another 4 mil shares while volume jumped from 704k shares to 8.3 mil shares--shortreport.com says over 50% or that was short sales.
It is not difficult to see the pattern where SAFC issues shares and the volume bumps up enough for those shares to get dumped. Also, the only way a PPS drops on exponentially higher volume is bad news or dumping.
Thanfully, there was enough demand today that even the new shares and all the short selling did not drop the price. It will take a lot of demand to grow the PPS if the combined number of new and non-existent shares being sold remains high.
Justabroker2000 and ceo1 post e-mails from the transfer agent on a regular basis-usually once a week on thursday or friday but an extra on was just posted that showed an additonal 4 mil shares in the OS just since thursday.
It is easy enough to review their posts to see the progression.
Since the end of June the OS has gone up almost 80 million shares and that does not include the 30 mil share the management team bought in June.
As stated in my last post "I have money invested in another penny stock "
It closed today lower that SAFC and has been below .02 for more than 3 years.
The problem is SAFC is adding 5-15 mil shares to the OS each and every week and somehow that same number of shares is being dumped into the market.
You are right that many penny stocks dilute in this fashion--usually they take the time to pump it be before the insiders dump their shares. As you told me, SAFC learned from their last full fledged P&D. After they did the last one SAFC's volume dried up completely, with many days trading less than 50k shares. It isn't possible to dump shares with that kind of volume so this time instead of a full fledged P&D they are just dumping an increasing number of shares to compensate for the lower pps.
Is SAFC covering operating costs? Is SAFC covering convertable notes? Is SAFC covering past due bills? Or is SAFC lining the pockest of insiders who know what is coming to Pay off MFTH. All of these theories have been presented here by various posters. None is based on better information than the others. But the history of repeated P&D's (please see pumpsanddumos.com HOF) in the past year shows us SAFC's management is not above repeatedly dumping privately held shares on unsuspecting investors for personal gain
As to MFTH, in July, 2 1/2 months AFTER the ex-dividend date, they announced the the AS had been increased to 2 bil shares PRIOR to the ex-dividend date. The PPS was holding around .0013-.0015 prior to the 8-k about that increase. The publicly acknowledged OS was about 650 mil shares before that announcement as per Scotttrade, OTCmarkets.com, bloomberg and other sources. I-hub still had the OS listed as 550 mil.
Today, OTC has an os of 865 mil shares as of 6-30-13and I bet that is lower that what it really is.
Wireless is the next step in the tech and is necessary as more and more households don't have land lines. Every brand of medical alert will be offering a wireless version soon if they don't have one already. MDHI has the option now.
This is a case where the tech is not proprietary and the other merits of each system will still be the difference maker. IMO, MDHI's features make it as good or better than any other medical alert system on the market.
By the way, did you just tell yourself "GreatCall"?
I would say the links are wrong. That was another tab I had open in the same chrome window. Wonder how that happened>
Anyway, we already know from what Dr. Ken has posted and what I was told when I called MDHI that 12 and 13 coming out together is not likely to happen.
As to the current PPS, I believe the the IPO was set extremely high and corrected itself early on. This was followed by the one multi-day P&D that, from reviewing the history of the company, fits what a P&D is--from the paid ads to the massive volume increase to the falling PPS. (I will re-iterate that I consider even the one time thing 3 1/2 years ago under different top management a potential cause for concern)
After that incident MDHI's PPS was below .02 and essentially never broke that mark again. This was in March of 2010.
To me, the drop from .018 to .0018 over 3 1/2 years is not unexpected for a non-compliant company. And yes, the expanding AS and OS have not helped the PPS. However, I prefer That MDHI is adding shares that are sold in large blocks as restricted shares in a private fair market value sale rather than what I see countless other companies doing.
MDHI also keeps us up to date on the AS/OS expansion rather than telling us months after it happened.