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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
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?
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...
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"...
Looks like they wanna keep their OTCQB Status
A/S incresed to 2Billion shares per NVSOS
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...
It's just another PAID PROMO
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
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...
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
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
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.
A/S increased to 2Billion shares
per NVSOS