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OTC Site is updated by the Company...
Did you ever find a Reinstatement Filing on the OTC Site?
Nice try Dude!!
LOL
Per the latest available 10Q
List any restrictions on the transfer of security:
DTC CHILL
LOL, not that they still have tons of Debt...
no they add right away new Notes.
What a SCAM.
Oh btw many can't sell their shares because the CO shares went through a CUSIP change as outlined in on of the 8K's.
Luckily the Debt Holder were able to sell right away eh?
A/S increased to 1B shares...
Previous Stock Value:
Par Value Shares: 100,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 100,000.00
New Stock Value:
Par Value Shares: 1,000,000,000 Value: $ 0.001
Par Value Shares: 5,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 1,005,000.00
And here the Revenue stream...
Revenue
Our total revenue decreased from $2,484,432 to $146,972 for the three months ended December 31, 2014 and 2013, and from $2,546,825 to $152,214 for the six months ended December 31, 2014 and 2013; a decrease of 2,337,460 and 2,394,611, or 94% and 94%, respectively. The primary reason for the decrease was that we did not have any sales generated from ginseng and ginseng juice during the three months and six months ended December 31, 2014. During the three and six months ended December 31, 2014, we did not have sufficient capital to produce ginseng juice or harvest ginseng, and we did not take ginseng order from the market.
We only generated revenue of $146,972 and $152,214 from sales by Hong Kong Huaxia, a wholly subsidiary of us in the three months and six months ended December 31, 2014, respectively. Hong Kong Huaxia sells health and specialized local products based on customer orders which vary from time to time.
We believe that we will be able to improve our sales through our online sales platform once we have enough capital to establish it. In order to improve our capital, we plan to raise funds through equity or debt, whichever is available to us. Meanwhile, we plan to search for appropriate business candidates for merger or acquisition to increase overall revenues of the Company through a diversification of products.
Cost of Goods Sold
Our total cost of goods sold decreased from $2,070,925 for the three months ended December 31, 2013 to $112,917 for the three months ended December 31, 2014, a decrease of 1,958,008 or 95%.
Our total cost of goods sold decreased from $2,077,579 for the six months ended December 31, 2013 to $115,818 for the six months ended December 31, 2014, a decrease of $1,961,761 or 94%.
The primary reason for the decrease was that we did not incur cost of goods sold in ginseng sales, including self-production, purchased ginseng for resale and ginseng beverage during the three months and six months ended December 31, 2014.
Our cost of goods sold is comprised of costs of different products purchased through HongKong Huaxia for resale, which were $112,917 and $115,818 for the three months and six months ended December 31, 2014.
Gross Profit
Gross profit was approximately $34,055 for the three months ended December 31, 2014 compared to $413,507 for the three months ended December 31, 2013, a decrease of $379,452 or 92%.
Gross profit was approximately $36,396 for the six months ended December 31, 2014, compared to $469,246 for the six months ended December 31, 2013, a decrease of $432,850 or 92%.
The decrease was primarily due to a decrease in the sales.
Selling, General and Administration Expenses
Selling, general expenses and administrative expenses decreased from $581,182 for the three months ended December 31, 2013 to $499,522 for the three months ended December 31, 2014, a decrease of $81,660, or 14%.
Selling, general expenses and administrative expenses decreased from $841,517 for the six months ended December 31, 2013 to $817,027 for the six months ended December 31, 2014, a decrease of $24,490 or 3%.
The decrease is mainly due to the decrease in our operation expense from Huaxing, such as salary for the workers who harvested ginseng and expense from Ganzhi, such as labor of production, etc.
Interest Expense
Our Interest expense decreased by $24,701, from $332,213 for the three months ended December 31, 2013 to $307,512 for the three months ended December 31, 2014, a decrease of 7%.
Our interest expense increased by $140,999 from $392,233 for the six months ended December 31, 2013 to $533,232 for the six months ended December 31, 2014, representing a 36% increase. This increase was due to an increase in loan balances from the corresponding period in 2013.
Depreciation and amortization
Depreciation and amortization decreased by $15,065 from $30,690 for the three months ended December 31, 2013 to $15,625 for the three months ended December 31, 2014, a decrease of 49%.
Depreciation and amortization decreased by $15,232, from $61,166 for the six months ended December 31, 2013 to $45,934 for the six months ended December 31, 2014, a decrease of 25%.
This decrease is due to the depreciation on the $6,164,805 in new equipment purchased during the three and six months ended December 31, 2013.
Bad Debt Expense (Recovered)
Bad debt expense (recovered) increased by $26,112 from $16,138 for the three months ended December 31, 2013 to $42,250 for the three months ended December 31, 2014, an increase of 162%. The main reason is that our uncollected debt from Huaxing and Ganzhi increased during the three months ended December 31, 2104.
Bad debt expense (recovered) decreased by $13,098 from $55,348 for the six months ended December 31, 2013 to $42,250 for the six months ended December 31, 2014, a decrease of 24%. The main reason is that our uncollected debt from Huaxing and Ganzhi decreased during the six months ended December 31, 2104.
Net Loss
The Net Loss for the three months ended December 31, 2014 was $746,354; an increase of $231,914 or 45%, compared to a net loss of $514,440 for the three months ended December 31, 2013. The increase is primarily due to the decrease in revenues.
We had a net loss of $1,317,547 for the six months ended December 31, 2014 and a net loss of $770,322 for the six months ended December 31, 2013, an increase of $547,225, or 71 %. The increase is primarily due to the decrease in revenues combined with an increase in interest expense in 2014.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10479131
Looks like a real Winner... lol
SEC is already after them...
SEC Distressed Asian Company Watch List with Going-Concern Opinion + Earnings Manipulation in Failing Firms
See which companies have recently indicated doubt about continuing as going concerns in SEC filings
By Allison Collins, 3 February 2015
Companies
Description
ACL Semiconductors Inc.
Hong Kong-based ACL Semiconductors Inc. manufactures dynamic random access memory products for computers, digital cameras and other products
ADGS Advisory Inc.
ADGS is a Hong Kong-based accounting and advisory firm
Amaru Inc.
Amaru, headquartered in Singapore, provides interactive entertainment on demand through its subsidiaries
American Nano Silicon Technologies Inc.
American Nano is a Sichuan, China-based nano-technology chemical manufacturer
China Ginseng Holdings Inc.
Changchun City, China-based China Ginseng farms, processes and distributes ginseng
China Shianyun Group Corp. Ltd.
China Shianyun, headquartered in Shenzhen, China, makes and sells consumer goods, including teas, liquors, meal replacement products, eggs and cured meats
China Teletech Holding Inc.
Tallahassee, Fla.-based China Teletech provides telecommunications services in China
Cleantech Innovations Inc.
China-based Cleantech Innovations manufactures structural towers for wind turbines
Comjoyful International Co.
Beijing, China-based Comjoyful is a holding company
Cord Blood America Inc.
Cord Blood, headquartered in Las Vegas, provides private cord blood and cord tissue stem cell storage
Fuwei Films (Holdings) Co. Ltd.
Weifang Shandong, China-based Fuwei makes plastic film used for packaging and other uses
Leo Motors Inc.
Leo Motors is a Korean company that manufactures electric vehicles
Network CN Inc.
Hong Kong-based Network CN is an advertising company
Suwin Stevia International Inc.
Shandong, China-based Sunwin sells stevioside, a natural sweetener, and herbs used in Chinese medicines and veterinary products
Tongji Healthcare Group Inc.
Guangxi, China-based Tongji Healthcare operates a hospital in China
Usmart Mobile Device Inc.
Kowloon, Hong Kong-based Usmart makes memory technology products
Company Watch List has indicated in a filing with the U.S. Securities and Exchange Commission in the previous 12 months doubt about its ability to continue as a going concern. A company can be removed from the list if it is acquired, if it files for bankruptcy protection or if it indicates a change in status.
http://asianextractor.com/2015/02/10/sec-distressed-asian-company-watch-list-with-going-concern-opinion-earnings-manipulation-in-failing-firms/
It is them...
Click on "Return to Entity Details"
use the "NV Business ID" or the "Entity Number" and just google it...
You should end up with a few links...
Here's one that should show up for you:
http://www.wysk.com/index/nevada/city-not-specified/vxwc3bc/casey-container-corp/profile
Pre-Split Shares are down ~50%
as of today...
A/S increased per NVSOS Filing
From 250M to 1 Billion...
Name changed to SNOOGOO CORP.
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=fg4zB4F7pEv3JRHh3liU1g%253d%253d&CorpName=SNOOGOO+CORP.
New Webpage seems to be here:
www.snoogoo.com
Domain Name: snoogoo.com
Registry Domain ID: 1898736445_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.moniker.com
Registrar URL: http://www.moniker.com
Updated Date: 2015-01-29T18:04:42.0Z
Creation Date: 2015-01-27T22:18:22.0Z
Answer: Convertibles are starting to hit...
Be prepared to see lower lows soon. The real bad ones will start to hit soon... JMHO!
$50,000 - Convertible promissory note issued to an entity, bearing interest at a rate of 8%, convertible at a variable rate based on market price, secured by assets of the Company and maturing on January 14, 2015.
$150,000 - Convertible promissory note issued to an entity, bearing interest at a rate of 8%, convertible at a variable rate based on average low trades and a discount of 40%, secured by assets of the Company and maturing on March 12, 2015.
$100,000 - Convertible promissory note issued to an entity, bearing interest at a rate of 12%, convertible at a variable rate based on average low trades and a discount of 40%, secured by assets of the Company and maturing on April 23, 2015.
$50,000 - Convertible promissory note issued to an entity, bearing interest at a rate of 8%, convertible at a variable rate based on average low trades and a discount of 40%, secured by assets of the Company and maturing on May 15, 2015.
$58,500 - Convertible promissory note issued to an entity, bearing interest at a rate of 8%, convertible at a variable rate based on average low trades and a discount of 35%, secured by assets of the Company and maturing on June 24, 2015.
$35,000 - Convertible promissory note issued to an entity, bearing interest at a rate of 12%, convertible at a variable rate based on average low trades and a discount of 35%, secured by assets of the Company and maturing on July 14, 2015.
$63,250 - Convertible promissory note issued to an entity, bearing interest at a rate of 8%, convertible at a variable rate based on average low trades and a discount of 35%, secured by assets of the Company and maturing on September 11, 2015.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10317640
We'll see Monday if the R/S will take place
or if they'll have to increase the A/S into the Billions.
Per the given PPS and the Conversion Terms it would need to be at least at 2-3 Billion shares (if not higher), IF Finra denies it.
Keith is trying to play clever here and boxed the R/S with a Name change too... Let's see if Finra buys it...
Personally i hope NOT and this Scam will stay on the Pinks.
Let's Welcome SIMH.PK !!
http://www.otcmarkets.com/stock/SIMH/profile
just in case anybody missed it it's not a QB any longer )
1/125 RS comin...
GL
Seems like Note holders have more to dump...
And obviously the Company is well involved, helping them to bank by releasing a PR at the day of the paid Promotion.
I still hope FINRA has a deep look into this scam and denies the RS.
De-listing to Pinks and Billions of A/S would be the result...
Paid Promo today again...
ImpressivePennystocks is owned and operated by One22 Media LLC.
One22 Media has been compensated a fee of thirty five hundred usd for marketing or promotional efforts regarding SIMH by a third party, MicroCap Innovations, LLC..
and by Orbitstocks.com:
We have been compensated up to six.thousand cash dollars via bank wire for this profile of SIMH from an un-affiliated 3rd party.
GL with a pending RS...
RS coming here...
To Our Stockholders:
NOTICE IS HEREBY GIVEN to inform the holders of record of shares of our common stock that on 29th day of December, 2014 our board of directors and stockholders holding a majority of our voting shares authorized the following actions:
- adoption of the 2015 Omnibus Equity Incentive Plan;
- adoption of an amendment to our articles of incorporation to effect a reverse stock split by a ratio of 1-for-17;
REASONS FOR REVERSE SPLIT
The reverse stock split combines the outstanding shares of our common stock into a lesser number of outstanding shares in the ratio of one for 17.
In accordance with the terms of the Agreement and Plan of Reorganization among American Liberty Petroleum Corp., Avant Acquisition Corp., Avant Diagnostics, Inc. and the stockholders of Avant Diagnostics, Inc. dated December 29, 2014, we issued certificates that automatically convert to 74,354,139 shares of common stock on the Effective Date of the actions described in this information statement. Each certificate has the number of votes equal to the number of common shares into which the certificate is convertible. However the number of common shares authorized by our present articles of incorporation are not sufficient to issue shares of our common stock upon conversion of the certificates. Therefore, we have authorized a reverse split of shares of common stock that will reduce the number of outstanding shares and provide sufficient authorized and unissued shares to accommodate the conversion. When the reverse split is effective, additional shares are authorized and the certificates will automatically convert to common stock without any action on the part of the shareholders or the company.
Another reason for approving the reverse stock split is to increase the per share price of our common stock to meet the listing requirements of the NYSE listing standards. Our board of directors believes that listing our common stock on the NYSE is in the best interests of the company and its stockholders(aka THE DREAM). If the common stock is listed on the NYSE (it won't), our board of directors believes that the liquidity in the trading market for the common stock could be significantly increased, which could increase the trading price. However, despite approval of the reverse stock split by our board of directors and our stockholders, there is no assurance that our minimum bid price would be or remain following the reverse stock split over the minimum bid price requirement, and the common stock may not be listed on the NYSE.
Our board of directors further believe that an increased stock price may encourage investor interest and improve the marketability of the common stock to a broader range of investors. We believe that the reverse stock split will make our common stock more attractive to a broader range of institutional and other investors, as we have been advised that the current market price of our common stock may affect its acceptability to certain institutional investors, professional investors and other members of the investing public. Many brokerage firms and institutional investors have internal policies and practices that either prohibit them from investing in low-priced stocks or tend to discourage individual brokers from recommending low-priced stocks to their customers. In addition, some of those policies and practices may function to make the processing of trades in low-priced stocks economically unattractive to brokers. Moreover, because brokers’ commissions on low-priced stocks generally represent a higher percentage of the stock price than commissions on higher-priced stocks, the current average price per share of common stock can result in individual stockholders paying transaction costs representing a higher percentage of their total share value than would be the case if the share price were substantially higher. We believe that the reverse stock split will make our common stock a more attractive and cost effective investment for many investors, which will enhance the liquidity of the holders of our common stock. Accordingly, we believe that authorizing the reverse stock split is in the company’s and our stockholders’ best interests.
Reducing the number of outstanding shares of our common stock through the reverse stock split is intended, absent other factors, to increase the per share market price of our common stock. However, other factors, such as the results of clinical development of our product candidates, our financial results, general market conditions and the market perception of our Company, may adversely affect the market price of our common stock. As a result, there can be no assurance that the reverse stock split, if completed, will result in the intended benefits described above, that the market price of our common stock will increase following the reverse stock split or that the market price of our common stock will not decrease in the future. Additionally, we cannot assure you that the market price per share of our common stock after a reverse stock split will increase in proportion to the reduction in the number of shares of our common stock outstanding before the reverse stock split. Accordingly, the total market capitalization of our common stock after the reverse stock split may be lower than the total market capitalization before the reverse stock split.
The reverse stock split alone would have no effect on our authorized capital stock, and the total number of authorized shares would remain the same as before the reverse stock split. This would have the effect of increasing the number of shares of common stock available for issuance (rinse and repeat...), which the board of directors feels is important to provide us with flexibility and as many alternatives as possible to obtain financing. The board of directors is also mindful about the potential dilutive effect on existing stockholders. For the reasons discussed below, the board of directors has approved and recommended a range of reverse stock split ratios which would result in more shares becoming available than we believe are necessary for reasonably foreseeable future needs. Accordingly, the board of directors and stockholders have approved an amendment to our articles of incorporation implementing of the reverse stock split, to reduce the authorized number of shares of our common stock.
In connection with approving the reverse split, our board of directors and majority shareholders considered, among other things, the historical trading price and trading volume of our common stock; the number of shares of our common stock outstanding; the then-prevailing trading price and trading volume of our common stock; the anticipated impact of the reverse stock split on the trading market for our common stock and prevailing general market and economic conditions.
The form of amendment to our articles of incorporation to effect the reverse stock split is attached as an exhibit to this information statement. The amendment to our articles of incorporation to effect the reverse stock split includes the reverse stock split ratio fixed by our board of directors and our stockholders.
ROTH (formerly FROI) has also the same address...
http://www.stockhouse.com/companies/profile/roth/pharmaroth-labs-inc
ADGD (revoked) was using that addy too..
GL
No, what he's talking about
is the word "ADVERTISEMENT" at the very Top and Bottom of this "Article"...
Not per the latest Filing...
How the Amendment will be enacted
The Corporate Actions will be effected by the filing of the Amendment with the Secretary of State of Delaware. The Amendment will specify the effective date of February 9, 2015 (the “ Effective Date ”) which is 20 days after this information statement was first mailed to our stockholders. The Corporate Actions will occur on the Effective Date without any further action on the part of our stockholders.
Because our common stock is currently quoted on the OTCQB Tier of the OTC Markets, the Name Change and the Reverse Stock Split will also require processing by FINRA pursuant to Rule 10b-17 of the Securities Exchange Act of 1934 in order for these actions to be recognized in the market for trading purposes. We expect to receive FINRA’s clearance prior to the Effective Date. Our common stock will be quoted on the OTCQB under our new name and at the post-split price on the first business day after the Effective Date.
Looks like they wanna keep their OTCQB Status
On May 1 for its OTCQB market, OTC Markets will introduce a new minimum one-cent bid price requirement and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.
A/S incresed to 2Billion shares per NVSOS
Previous Stock Value:
Par Value Shares: 1,000,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 1,000,000.00
New Stock Value:
Par Value Shares: 2,000,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 2,000,000.00
R/S is coming here per NVSOS
Previous Stock Value:
Par Value Shares: 9,000,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 900,000.00
New Stock Value:
Par Value Shares: 200,000,000 Value: $ 0.0001
Par Value Shares: 6,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 20,600.00
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=q0dOKxU0XZaOjwneanISMw%253d%253d&CorpName=BLACK+CASTLE+DEVELOPMENTS+HOLDINGS%2c+INC.
So NEIK, GBHD, BFNH, GHDC and SFMI are now all listed at the same Address eh??
3419 Virginia Beach Blvd, Unit 252
Sure thing.. LOL
OTC Promo's are more than likely paid by somebody (the paying 3rd Party) who usually holds cheap shares in order to dump them with a massive profit into or during the campaign.
JMHO
Yeah look at the price...
Explanation of Responses:
( 1) Price is $0.00685.
It's just another PAID PROMO
this advertising program. Within 24hrs of any additional monies being compensated this disclaimer will be updated accordingly.
What we were compensated: Fifteen thousand cash usd.
Fivedollarmovers.net/ISI owns ZERO shares of MPVC. READ ENTIRE Disclaimer --> http://fivedollarmovers.net/Disclaimer.php
Even more simple DD...
and likely the reason for the Vol yesterday EOD
http://www.xtremepicks.com/archives/9434
They sent a Tweet ~5 mins prior to the close yesterday, per-anouncing this as an Alert...
It's a paid Promo by multiple Groups...
some are compensated, some aren't...
Usually it means that somebody wants get rid of some shares, imo.
Here a Site that shows Compensation:
http://financialtimes.leadpages.net/mpvc-landing-page/
GL Players
Don't forget...
we are paid Bashers, we are making $$ by telling lies about Stocks like SIMH.
Now everybody can see the Truth...
I really hope Finra says NO, means they will have to raise the A/S even further. As a Result they would be even delisted from the OTCQB
(Details on anti-fraud efforts in paragraphs 4-6)
OTC Markets will introduce a new minimum 1 cent bid price requirement on May 1 for its OTCQB market and will require the company's chief executive or chief financial officer to certify that its reporting obligations are current and that disclosures about shareholdings, officers and corporate profile are correct.
The bid requirement, in which stocks must have been quoted for at least 1 cent daily over a 30-day period or be dropped from the market, aims to ferret out companies that fall prey to dilutive stock fraud schemes and promotions, OTC Markets said.
Nope not at all...
Debtholder's wanna get rid of their already converted shares prior to the R/S, i'd guess.
Wondering what they will doing IF SEC/FINRA say's NO since they did a R/S just a year ago and it's obvious that it will continue afterwards?
Kinda Interesting to keep an eye on for now
And SIMH is again a PROMO tomorrow...
SIMH Could Be Just What The Dr. Ordered!
Hey there Readers!
One of the most popular and steadily gaining industries in the US markets the last few years has been in the Biotech arena.
That’s why we are alerting SIMH.
People all across the globe are making their way over into retirement and into what is said to be the one of the best phases of their lives.
Let us remind you that this is happening right now in the wealthiest society in the history of the world, and the society that spends by far the most of any in history on medical care. (We’re talking about the United States of America.)
And there are plenty of low-hanging fruit left on this tree, particularly in this particular space.
Which leads us again to our current alert; SIMH!
SIMH (Sanomedics International Holdings Inc)
Sanomedics International Holdings, Inc. (SIMH) is a medical technology holding company that focuses on game changing products, services and ideas -- a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization.
Just last week Sanomedics president issued an informative letter to its shareholders;
MIAMI, Jan. 2, 2015 (GLOBE NEWSWIRE) -- Sanomedics International Holdings, Inc. (SIMH) ("Sanomedics" or the "Company"), President released the following letter to Shareholders:
To Our Shareholders:
We have experienced tremendous momentum in our thermometer business over the past two years, specifically in the last 6 months, and with continued attention and initiatives to technology advances in healthcare, we anticipate another strong year of increased sales. Our goal is to achieve profitability in 2015.
Highlights of 2014 included the following accomplishments:
Signing of an agreement with The Memorial Hermann Healthcare System, a not-for-profit hospital system in Houston, Texas, and consists of 12 hospitals, 7 cancer centers, 3 heart and vascular institutes, and 27 sports medicine and rehabilitation centers.
Signing of a long-term agreement with Novation, a world-renowned provider of healthcare supply chain expertise and contracting. Based in Irving, Texas, Novation serves more than 100,000 members of VHA, Inc. and UHC (two national healthcare alliances), Children's Hospital Association (an alliance of the nation's leading pediatric facilities), and Provista, LLC, and operates 40 percent of the staffed beds in the United States. Novation accounted for $43 billion in annual purchases in 2012, handles 45% of the nation's admissions and represents 94% of the nation's academic medical centers.
Sent Caregiver(R) TouchFree(TM) Clinical Thermometers to the Firestone Natural Rubber Company, whose healthcare personnel are involved in combating the spread of the deadly Ebola virus in Western Africa.
The Company satisfied all outstanding debt obligations owned to TCA Global Credit Master Fund LP ("TCA") and all litigation with TCA has been dismissed.
Announced that its Caregiver(R) TouchFree(TM) Clinical Thermometer was awarded the coveted Innovative Technology designation by Novation at its Innovative Technology Expo on Sept. 10, 2014, at the Irving Convention Center, Irving, Texas.
Announced that the Company experienced very strong demand for the Caregiver(R) TouchFree(TM) InfraRed Thermometer from an influx of new purchase orders generated from the screening requirements instituted by healthcare facilities and government agencies dealing with the EBOLA threat.
Announced the signing of a new comprehensive distribution agreement with one of the world's largest providers of healthcare products and services to office-based dental, animal health, and medical practices with operations and affiliates in 28 countries and sales of over $9.6 billion in 2013.
In 2015, we will focus on:
Aggressively continuing our strategy of building our revenue base through the acquisition of synergistic and accretive identified companies,
Expanding our thermometer product sales with an increase in marketing efforts nationally and international, as well as
Further enhancement of our balance sheet through a debt reduction program. We expect that these initiatives and sound business judgment will create value for our shareholders. Management and I thank our shareholders for their continued support in these endeavors.
Earlier last month SIMH announced that it had signed a comprehensive distribution agreement with Henry Schein, Inc.
MIAMI, Dec. 9, 2014 (GLOBE NEWSWIRE) -- Sanomedics International Holdings, Inc. (SIMH) ("Sanomedics" or the "Company"), a medical technology holding company that focuses on providing game changing products, services and ideas, announced today that the Company's Thermomedics, Inc. division, makers of the world's leading TouchFree(TM) Clinical Thermometer, Caregiver(R), has signed a comprehensive distribution agreement with Henry Schein, Inc. (HSIC) ("Schein").
Henry Schein, Inc. is the world's largest provider of health care products and services to office-based dental, animal health and medical practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500(R) Company and a member of the NASDAQ 100(R) Index, Henry Schein employs more than 17,000 Team Schein Members and serves more than 800,000 customers.
BUSINESS SUMMARY
(SIMH - Sanomedics International Holdings Inc)
Sanomedics International Holdings, Inc. (OTCQB: SIMH) is a medical technology holding company that focuses on game changing products, services and ideas -- a place where physicians, entrepreneurs, and medical companies can work together to drive innovative technologies through concept, development, and ultimately commercialization. Sanomedics plans to grow existing business organically and through strategic acquisitions specifically relating to healthcare technology and services.
Sanomedics International Holdings, Inc. designs, develops, markets, and distributes a line of non-contact clinical thermometers in the United States. The company offers its products under the Caregiver name primarily to healthcare providers, including hospitals, physician’s offices, medical clinics and nursing homes, acute care hospitals, and other long-term care institutions. It sells its products through distributors, resellers, and sales representatives. The company is based in Miami, Florida.
MARKET OUTLOOK
JP Morgan’s comments this past Monday sum up the Biotech sector of the markets very well:
“The biotech rally continued through 2014 as the sector again outperformed the broader markets (NBI: +30%; S&P: +13%) and is now up 218% over the last four years vs. 66% for the S&P. Looking to 2015, we see a number of tailwinds that could maintain this impressive momentum. Most importantly, the innovation cycle is still in its early innings (and will be a driver for years to come, in our view). We also believe impressive commercial progress in 2014 should continue; consensus 2015e revenue growth seems beatable, in our view. Additionally, the regulatory environment is increasingly friendly with Breakthrough Designation helping innovative drugs reach the market faster, and an uptick in M&A late in 2014 could bode well for 2015.”
INVESTOR HIGHLIGHTS
SIMH appears poised for a possibly great opportunity.
SIMH’s chart shows that it has bottomed out and could be ready for a positive up-tick.
SIMH could be what we’ve been waiting for.
Start your own research and see the possibilities for yourself.
Always remember that these OTC markets are quick and volatile so never risk more than you could afford to lose.
JoePennyStocks, which is now fully owned and operated by Freedom Ventures, LLC. has been compensated up to Fifteen Thousand Dollars Cash via Bank Wire by a Third Party, Carriage Consulting Group, LLC, for this one day marketing and awareness campaign on SIMH ending on January 8th, 2015.
That's why they call themself now the NEW BDPS... and basically direct to another Page.
There is non yet...
It's a PRE 14C Filing
The accompanying information statement is furnished only to inform our stockholders of the actions described above before they take place in accordance with Rule 14c-2 of the Securities Exchange Act of 1934.
Not mentioned yet
And not sure if it will be approved by the Authoroties since they just had a R/S ~1 year ago...
Security Notes
Capital Change=shs decreased by 1 for 25 split Pay date=06/30/2009.
Capital Change=shs decreased by 1 for 10 split. Pay date=12/23/2013.
I wasn't talking about shareholder approval
That's what the BOD decided
per the given 14C Filing
The board of directors also determined that it is in our best interests to effect the Reverse Stock Split and considered certain factors including, but not limited, to the following:
(i)
Current trading price of the shares of our common stock and potential to increase the marketability and liquidity of our common stock;
(ii)
Posturing our company and its structure in favorable position in order to effectively negotiate with potential acquisition candidates; and
(iii)
Provide our management with additional flexibility to issue shares to facilitate future stock acquisitions and financings.
There are no assurances, however, that the Reverse Stock Split will have this impact.
4.4 On the date of effective date of this Certificate of Amendment, the Corporation will effect a reverse stock split (the “ Reverse Stock Split ”) of its outstanding Common Stock pursuant to which every one hundred twenty five (125) issued and outstanding shares of the Corporation's Common Stock, par value $0.001 per share (the “ Old Common Stock ”), shall be reclassified and converted into one (1) validly issued, fully paid and non-assessable share of Common Stock, par value $0.001 per share (the “ New Common Stock ”). Each certificate representing shares of Old Common Stock shall thereafter represent the number of shares of New Common Stock into which the shares of Old Common Stock represented by such certificate were reclassified and converted hereby; provided, further , that no cash will be paid or distributed as a result of the Reverse Stock Split and no fractional shares will be issued. All fractional shares which would otherwise be required to be issued as a result of the Reverse Stock Split will be rounded up to the nearest whole share.
Wow, as expected...
Wondering if they will get the R/S approved at all
Somehow i doubt it...
please feel free to check the trades here: http://ih.advfn.com/exchanges/USOTC/SIMH/trades?trade_set=recent
see:
Obviously many OTC Stocks show weird closing prices across different Brokers.
Called broker said time and sales did occur at .017.
A/S increased to 2Billion shares
per NVSOS
Previous Stock Value:
Par Value Shares: 400,000,000 Value: $ 0.0001
No Par Value Shares: 0
Total Authorized Capital: $ 40,000.00
New Stock Value:
Par Value Shares: 2,000,000,000 Value: $ 0.001
No Par Value Shares: 0
Total Authorized Capital: $ 2,000,000.00