Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The os and float increase daily. No move except down with all that volume after a pr and 10k. What does that tell you!
Yes but the fundamentals and the dilution are not
Yet it still goes down!
Oh please, this is over. No movement after the 10k except dilution.
Yes I am still up. It’s 11 pm here. I just joined the Boards last week when I was looking at another penny stock. That board brought me here. I usually don’t have time for this nonsense but we are sheltered in n place and I am board. I will be out of this one tomorrow.
There is the standard forward looking statement disclosure included in filings and then there is what they wrote. It's above and beyond for a reason in my opinion.
You may still get a pop in the morning. The optimistic folks on here believe in miracles. Just play it safe. GLTY.
To cover their asses and to prevent getting in more trouble with the SEC. Their 8K was already under review. All forward looking statements are worded very carefully. Including the section on the 16 agreements with other companies. There are no details and the word "can" is used, not "will" use our product. There is no language regarding signed contracts, subscription numbers/rates or structure. Just fluff. Then there is a section that takes the fluff away by saying we don't know if our product will be used by anyone and there is a ton of competition. All ass covering. And that is the good news in the 10K. The rest is a disaster. including the parts about the intended dilution to finance the operation and our accountant advised us that we not make it. They were only able to generate 3600 in revenue in 8 years and they need a minimum of 500K a year to make ends meet. I will be out of this tomorrow one way or another. GLTY.
All just my opinion and paraphrased.
Thanks but curious on actual math. You have been saying similar since last week.
Well what are you basing your estimate on and when do you think it will happen?
Please explain your math to get to .05 -.10 with time and dilution factored in. Thank you!
But it didn't gain today even after 10K.
Hope you are right?
Serious question, if the 10k is so promising, why no significant post release bounce
The number of shares of Common stock, $0.001 par value, outstanding on March 20, 2020 is 467,038,350. How many do you suppose were converted/diluted since 3/20? Yes I know it's only the 24th... Lots of volume yesterday and today.
Well I hope so and I hope the the dilution faucet is also closed tomorrow morning
The agreements say can use not will use. There is a difference.
To date, we have existing provider agreements with approximately 16 corporations based on which their employees can utilize our Platform. Additionally,
we are actively pursuing as clients for our services numerus large corporate self-insured companies, TPA’s and insurance companies to sign provider agreements
with us. We have historically had to devote up to one year in sales and marketing and sales activities and efforts to sign new provider agreements and to date we
have executed and existing 16 provider agreements with the following companies that we expect to generate revenues during the first quarter of 2020 as follows:
Pepsi, Corvel, Imperial, Rogers, Manulife, CanadaLife, Navy & Stage Benefits, Health and Dental Plan, Slingshot Health, BBD Benefits By Design,
Morneau Shapell, Green Shield Canada, Bruce Power.
OK, will do. I am not looking for all answers, just some indication. LOL
And of these companies, how many people need PT or are on workman's comp requiring PT. Any estimate? Any potential rev estimate? What is the subscription price quoted? What does agreement really mean anyway? Does it mean our sales team has signed contracts with these 16 companies at a subscription rate of xx dollars per user of our system with an estimate of user licences being xxx per month/year?
To date, we have existing provider agreements with approximately 16 corporations based on which their employees can utilize our Platform. Additionally,
we are actively pursuing as clients for our services numerus large corporate self-insured companies, TPA’s and insurance companies to sign provider agreements
with us. We have historically had to devote up to one year in sales and marketing and sales activities and efforts to sign new provider agreements and to date we
have executed and existing 16 provider agreements with the following companies that we expect to generate revenues during the first quarter of 2020 as follows:
Pepsi, Corvel, Imperial, Rogers, Manulife, CanadaLife, Navy & Stage Benefits, Health and Dental Plan, Slingshot Health, BBD Benefits By Design,
Morneau Shapell, Green Shield Canada, Bruce Power.
OK, But what does that translate to monetarily.
An agreement can simply mean we will call you if we are interested
You can’t answer it. It’s worded carefully without defining it. Agreement does not mean signed contract with dollar figures
Can you define agreement? What revenue does it generate? No mention of that?
To date, we have existing provider agreements with approximately 16 corporations based on which their employees can utilize our Platform. Additionally,
we are actively pursuing as clients for our services numerus large corporate self-insured companies, TPA’s and insurance companies to sign provider agreements
with us. We have historically had to devote up to one year in sales and marketing and sales activities and efforts to sign new provider agreements and to date we
have executed and existing 16 provider agreements with the following companies that we expect to generate revenues during the first quarter of 2020 as follows:
Pepsi, Corvel, Imperial, Rogers, Manulife, CanadaLife, Navy & Stage Benefits, Health and Dental Plan, Slingshot Health, BBD Benefits By Design,
Morneau Shapell, Green Shield Canada, Bruce Power.
So they have signed agreements/contracts/sales orders or subscriptions with Pepsi, Corvel, Imperial, Rogers, Manulife, CanadaLife, Navy & Stage Benefits, Health and Dental Plan, Slingshot Health, BBD Benefits By Design, Morneau Shapell, Green Shield Canada, Bruce Power. Or does working with really mean we cold called them once. Curious...
I initially thought this thing had a chance and thought that there was room for their platform in the telehealth (PT and otherwise) industry. The more DD I did, the more grim it got. I decided to roll the dice with a million shares. It was a mistake. All I have done is try to discuss information actually contained in current filings. Show me the good news in the latest one. The good news from previous filings hasn't happened. There was a promise of dividends in a previous filing. This one stated that we have never paid dividends and have no plans to. Not that I care about that as I will be long gone before any dividend disbursements. I don't know how a 20 billion AS with no revenue and authorized to dump shares is good news. I don't know how 3600 in revenue in 8 years is good news. I didn't see anything about signed contracts or significant active/pending user subscriptions. Perhaps I missed it. It is a long document. Give me an actual fact to be optimistic about. I am a realist. I would be optimistic if I saw anything in there.
And what is you crystal ball chart showing for tomorrow and does it factor dilution?
What did you see in the 10 K that I didn't? I did read it. I would not consider it positive. What did I miss?
What is excellent about: 0.0012 ? -0.0001 (-7.69%) close?
I stand corrected. But I don't anticipate a RS in the next few weeks as they just did one 2/12/20. There is one in the future i agree with that.
Come on. we are all hopeful but .05 to $.10+ is not happening anytime soon.
If it bounces even to .002 I am out. Otherwise will cut loss tomorrow morning.
Of course they are. They also need to pay employees too.
I assure you, I have called etrade twice. each time took 20 minutes and required approval from a senior broker. I called yesterday and got 1 million at .002 and today I have 2 million on a limit order that hasn't been filled. I likely will canx that order. I have not been talking it down. I am just honest and I am not the Pollyanna type. I call it as I see it. This was a mistake. I played some profits from another pig so I may let it ride.
I did it took 20 minutes and required approval from a senior broker
If the 10 K is so glorious, why no pop until close?
Well I hope so but how can you ignore this:
As of February 20, 2020, we are authorized to issue 20,000,000,000 shares of common stock, $0.001 par value per share. As of March 20, 2020, there were 467,038,350 shares of common stock issued and outstanding. Additional shares may be issued by our board of directors without further stockholder approval. The issuance of large numbers of shares, possibly at below market prices, is likely to result in substantial dilution to the interests of other stockholders. In addition, issuances of large numbers of shares may adversely affect the market price of our Common stock.
Sadly, I am on this train. LOL
Do you mean this?
They have a plan and the plan is being put into action. The boomtime for telehealth is NOW
The growth mindset and detailed plans for user base growth...that's very likeable. The low number of shares out...showing that YES people have been selling shares THEY DONT OWN is likeable. BEING ON TIME?! likeable...lot to like here
No not picking and choosing. Why don't you post something positive from it other than their first 3600 in revenue. I hope for the best here, I really do but there a lot of red flags.
Oh but I have:
Our Independent Registered Public Accounting Firm has expressed substantial doubt as to our ability to continue as a going concern.
As of February 20, 2020, we are authorized to issue 20,000,000,000 shares of common stock, $0.001 par value per share. As of March 20, 2020, there were 467,038,350 shares of common stock issued and outstanding. Additional shares may be issued by our board of directors without further stockholder approval. The issuance of large numbers of shares, possibly at below market prices, is likely to result in substantial dilution to the interests of other stockholders. In addition, issuances of large numbers of shares may adversely affect the market price of our Common stock.
We are authorized to issue 20,000,000 shares of preferred stock, $0.001 par value per share. As of March 20, 2020, there were 1,000,000 shares of preferred stock issued and outstanding. The Board of Directors is authorized to provide for the issuance of unissued shares of preferred stock in one or more series and to fix the number of shares and to determine the rights, preferences and privileges thereof. Accordingly, the Board of Directors may issue preferred stock which may convert into large numbers of shares of common stock and consequently lead to further dilution of other shareholders.
We have never paid cash dividends and do not anticipate doing so in the foreseeable future.
Our Platform may not be accepted in the marketplace.
Uncertainty exists as to whether our Platform will be accepted by the market without additional widespread PT or patient acceptance. Several factors may limit the market acceptance of our Platform, including the availability of alternative products and services as well as the price of our Platform services relative to alternative products. There is a risk that PT or patient acceptance will be encouraged to continue to use other products and/or methods instead of ours. We are assuming that, notwithstanding the fact that our Platform is new in the market, PT or patient acceptance will elect to use our Platform because it will permit to safe valuable PT’s time.
PT or patient needs to be persuaded that our Platform service is justified for the anticipated benefit, but there is no assurance that enough numbers of patients will be convinced to enable a successful market to develop for our Platform.
Our revenues will be dependent upon acceptance of our Platform product by the market. The failure of such acceptance will cause us to curtail or cease operations.
e might incur substantial expense to further develop our Platform which may never become sufficiently successful.
Our growth strategy requires the successful launch of our Platform. Although management will take every precaution to ensure that our Platform will, with a high degree of likelihood, achieve commercial success, there can be no assurance that this will be the case. The causes for failure of our Platform once commercialized can be numerous, including:
? market demand for our Platform proves to be smaller than we expect;
? further Platform development turns out to be costlier than anticipated or takes longer; our Platform requires significant adjustment post commercialization, rendering the Platform uneconomic or extending considerably the likely investment return period; additional regulatory requirements may increase the overall costs of the development; patent conflicts or unenforceable intellectual property rights; and PTs and clients may be unwilling to adopt and/or use our Platform.
? Compliance with changing regulations concerning corporate governance and public disclosure may result in additional expenses.
We face substantial competition, and others may discover, develop, acquire or commercialize products before or more successfully than we do
As disclosed therein, we filed the amendments to the initial Form 8-K in response to comments from the SEC regarding the Form 8-K and many of those comments pertain to an alleged violation of Rule 419. The Company continued to provide the SEC with information and analysis as to why it believes it did not violate Rule 419 but was unable to satisfy the SEC’s concerns. Comments and communications indicate that Rule 419 requires a physical return of funds if a 419 offering cannot be completed because a business combination was not consummated within the required time frame; constructive return is not permitted.
Because of these communications and past comments, we are disclosing that we did not comply with the requirements of Rule 419, which required us to physically return the funds previously submitted to escrow pursuant to the Rule 419 Offering. Because of our failure to comply with Rule 419, the SEC may bring an enforcement action or commence litigation against us for failure to strictly comply with Rule 419. If any claims or actions were to be brought against us relating to our lack of compliance with Rule 419, we could be subject to penalties (including criminal penalties), required to pay fines, make damages payments or settlement payments. In addition, any claims or actions could force us to expend significant financial resources to defend ourselves, could divert the attention of our management from our core business and could harm our reputation.
F-21
Ultimately, the SEC determined to terminate its review of the Initial Form 8-K and related amendments, rather than provide us with additional opportunities to address their concerns and therefore, we did not clear their comments. It is not possible at this time to predict whether or when the SEC may initiate any proceedings, when this issue may be resolved or what, if any, penalties or other remedies may be imposed, and whether any such penalties or remedies would have a material adverse effect on our consolidated financial position, results of operations, or cash flows. Litigation and enforcement actions are inherently unpredictable, the outcome of any potential lawsuit or action is subject to significant uncertainties and, therefore, determining currently the likelihood of a loss, any SEC enforcement action and/or the measurement of the amount of any loss is complex. Consequently, we are unable to estimate the range of reasonably possible loss. Our assessment is based on an estimate and assumption that has been deemed reasonable by management, but the assessment process relies heavily on an estimate and assumption that may prove to be incomplete or inaccurate, and unanticipated events and circumstances may occur that might cause us to change that estimate and assumption. Considering the uncertainty of this issue and while Management evaluates the best and most appropriate way to resolve same, management determined to create a reserve on the Company’s Balance Sheet for the $90,000 that was subject to the Consent.