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Well those christmas presesnts, and holiday parties arnt going to pay for themselves. He probably paid for the Auditor with a December Vacation to St. Mortz.
Your right, even if Costco wanted to sell it in stores, MDHI has already deluted there stocks and couldnt afford the inventory Costco would need.
If Costco was "So Happy" with Medipendant they would sell it in stores. MDHI most likely had to pay Costco money for the 2nd and 3rd promotion.
isn't if funny how these companies mention nothing about MDHI
I would like to see under the Gramercy website where they have MDHI on it. Other than that, Its all speculation to what they said, or signed with Gramercy.
I aggree. Investors beware, dont buy into this company until financials are released. Dumping continues daily.
The only answere to this would be they are about to post financials and they are trying to bring the company to where they will fall after people see them, so they are selling at a higher price before we actually know what the company is worth, which is in the .001's most likely.
test the waters and try and sell shares above bid price.
"Strong hands will show here. and u will see how the price will consolidate from here."
I would love to see that pr. However you can sell, and get your RR all you want, but if you have to delute then there is something wrong with the balance sheet. The company does not make enough money to support themselvs, and they wont have the money to support themselvs in 2013.
.0009 by COB tomorrow.
729 million shares out, not enough money to higher a Auditor, and they still have to delute shares to stay afloat. How is .0023 undervalued. I think thats exactly where this company is. Actually GCRC was more correct as stating people are overpaying at .0023.
So who is still buying into this company. Im surprised people still want shares of MDHI after all this delution.
What happens when they reach the A/S?
Exactly. They have been promising those for a year now. Why havnt they mentioned it now that it is time for them.
What happend to the PR stating our Financials for end of the year.
Whats the status on that. Are you using money to pay for a million dollar auditor. WTF Ronnie.
MJNA does not sell marijuana that you smoke, they sell elixers and drinks for medical use. or did I miss that part.
Its going to hit.0009 and you think its doing good. Whats your idea of bad?
"it is a determinant of how big a company is...my point is that MDHI is doing good despite the level of mkt cap"
Acceleration in monthly monitoring services means they usually get 2 contracts extended and now they have 4. That's accelerated in the mind of Ronnie.
If the acceleration was so great there would be no reason to dump 6 million shares at .0028 or 18,200 dollars. What did they need that money for Christmas shopping.
this company is a POS.
Yes if there were 2 sells, somone had to pay for it. That means somone bought at .0028.
I am curious as to who bought the 6.5 million today at .0028. Sad thing is that was only 18,200 dollars.
but the O/S remains the same.
Who bought 2 million shares at .0034
Well its December we should have some sort of news.
If this is a solid investor then they need to buy back 600 mil deluted shares.
how much money would this company have to make for the pps to be worth .10
The good thing about Tommorow, is that it will never come.
"Awesome!! 006? Well, I'll stick with the 005. I know that will happen because I got a reliable tip and was told to mark it. I have no doubts that it will happen tomorrow. I'm a believer! LOL!!"
That was during the Howard era. Howard is gone now. Ronnie said End of this calendar year, and I will wait for that.
"Medical Alarm Concepts has initiated the process of updating its financials for recently ending periods, and plans to file these results with the Securities & Exchange Commission in order to remain a fully reporting organization.
Only been 11 months since they posted this. "
lol. I buy once a month. Stocks is a hobby for me currently. And as soon as I got the pennies down Ill move to something more volitile.
I read .006.
I will be buying more next week.
When financials are released we will see the buyers, because this stock will hit .03
I will just wait for the financials at the end of this year. If it does not happen then this company will drop like a lead ball through water. We have a month. I would love to see the PR where Ron stated financials before June 1st. I assure you I went through every one and it does not exist. In fact I didnt even see one where Howard stated anything about financials, except that they will not be reporting until the company gets better.
"Slyder, MDHI has promised financials over a year now. Ron has been quoted and Howard too. They have lied or they are stupid. Or both. MDHI shareholders have been told major whoppers for years. It's what they do. "
Yah I know, but misleading statements that I see on a regular basis is, "Where are the financials you Promised CEO ROnnie" Sorry he hasn't promised them, he said they will be in by the end of this calendar year.
LOL!!!!, I dont think so!!!! CEO Ronnie has MAJOR ISSUES with "deception"
Yah, I didn't see anything written by the CFO back when Howard was running MDHI. Does the CFO usually post PR's, or Forward Statements? I don't believe he does, that would be CEO Howard, therefore the lies and mistrust with MDHI disappeared with Howard, and let Ronnie fail on his own if he cant keep his commitment that he has given us since June, which was to be Fully Reporting by the end of this calendar year.
Could you be specific about "The Merger". If it took place before June 1st, then it was an attempt from the CEO that left.
Anything before June 1st is Null because CEO Ronnie was not running the show.
If the O/S has not changed since October 10th, does that mean MDHI has not diluted their shares since October 10th?
On August 6th, he stated by the end of This Calendar Year.
"December of which year? "
Since June 1st when CEO Ronnie Adams took over he has not once promised fully reporting status before end of the calendar year. He mentioned it was important for it to happen as soon as possible, and he working on preparing the company for auditors (probably with burn bags and shredders). However here is a list of times he mentioned becoming fully reporting.
July 7th - The majority of the outstanding shares is restricted from sale and can only be sold under SEC Rule 144, which places limiting trading restrictions on holders, or through the filing of a registration statement, for which management has no plans. MDHI is a voluntary reporter with the SEC, but management understands the importance of transparency. An accounting and auditing review is expected to commence some time before the end of the calendar year.
AUG 6th - We were able to do this because we are a voluntary reporting organization, but we nevertheless believe it is important for us to restore our fully reporting status as soon as possible. We believe our investors will be very pleased to see a balance sheet that is sustainable for our business sector and an income statement that shows positive earnings upon completion of our audit and upon our upcoming filings with the commission. We are targeting returning to fully reporting status by the end of this calendar year."
SEP 5th - Financial Reporting- The Company has notified its accountants to begin the process during the month of September of preparing financials in order to return the company to fully reporting status.
SEP 10th 8K The Company has notified its accountants to begin the process during the month of September of preparing financials in order to return the company to fully reporting status
SEP 17th - Returning to Fully Reporting SEC Status - Medical Alarm Concepts is a voluntary reporting organization with the Securities & Exchange Commission and thus we are not required to file financials. Transparency is, nevertheless important to us, so we are committed to filing full financials with the SEC as soon as we are able. As we announced in a recent press release, we have informed our accountants to begin preparing the financials in order to return us to fully reporting status. As many of you know, maintaining full reporting is very expensive for small companies and thus late last year, we made the strategic decision to suspend this reporting in order to remain solvent and to continue to implement programs to restore growth. We are very happy to tell our investors we believe this was the right strategy and we believe the growth we are currently experiencing is the result
OCT 10 - Beginning in December we will begin recognizing cash flows from the contract extensions sold four to six months earlier. Just as our retail sales have consistently expanded since the program was instituted, we expect a corresponding growing of cash flow injection as the initial six-month contract periods expire and as the contract extensions kick in. The result will be strong growing cash flow for the corporation, which will move us into an operating positive cash flow. We believe we are well on our way to profitability and to producing strong gains in shareholder value. While this retail promotion is very important to Medical Alarm Concepts, we stress to our investors that the company was already strongly trending toward profitability, a much stronger balance sheet and fully reporting SEC status.
OCT 16 - We are expecting extremely robust sales to continue as a result of these and other promotional activities. We are well on our way to achieving the goals of our management team and those of our investors. The next course of action is to return the company to fully reporting SEC status, a process that is underway."
NOV 20th - This major investment is a testament to the success we have already achieved and an endorsement of the plans we have for the future," said Ronnie Adams, CEO of Medical Alarm Concepts. "These proceeds will allow us to accelerate our reporting with the SEC, which remains one of our top priorities, and to allow us to further enhance our domestic and international distribution. Finally, we plan to acquire one company in its entirety and we are planning to take a large stake in another expected very fast growing operation. This investment is about creating additional value for current and future MDHI common shareholders, our management team members, and our new investment partners."
Financials were promised by the end of December
I understand delution and that is why we have the decline in the stock price. I want to see financials as collateral to the delution. Not a garbage PR, but in the form of a 10-Q.
I understand the decline in the stock price. But I would like to disagree with the market. There is real value here and the market has yet to capture that.
Its the same if you jump into a new job, the person you replace is giving you a passdown of the information before he leaves.