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YESD update on MDHI campaign:
We do not think the MediPendant initiative is profitable for us right now, we think we are very close as the numbers are clearly strengthening.
Most accounting software fills out the forms for you, then it's just a matter of updating the notes section. That part can take a lot of time if you are a large corporation with multiple streams of revenue and business lines, but its a fairly simple process for someone like MDHI as not much changes from quarter to quarter.
It's true. MDHI is officially .pk now. They are no longer OTCBB quoted. That explains why the E hasn't been placed at the end of their ticker yet.
http://www.otcmarkets.com/marketActivity/venue-changes?search=mdhi&searchType=symbol
Your guess is as good as mine. That information was not included in the release.
I'm fairly certain you're misreading the PR. They are establishing this company to provide financing to their customers and they plan on funding it with $5 million of CSKH's money initially. They did not receive a line of credit from the bank.
No, they have "prepared form 10 to file". Why they would waste money on issuing that PR instead of just filing it is beyond me.
As long as they meet the 5 calendar day extended filing deadline they should be fine. Which means they have to post them NLT Friday afternoon or the E will be back.
Seems to be working fine for me. Regardless, it's basically the same thing as Drank and Koma, right down to the nasty grape soda flavor.
Drank has been replaced at my local 7 Eleven with a new "relaxation beverage". Looks like there's even more competition out there.
http://www.mypurplestuff.com/
Cool, thanks.
I doubt he paid for it out of his own pocket. Likely he loaned the money to YESD which will later be converted to shares. That's what happened with the 7.1 million he bought recently, it was really a debt to equity conversion.
Seems to be a lot of investor money going out the door for this latest round of publicity:
PerfectPennyStocks (PPS) has been compensated one hundred thousand dollars from a non-controlling third party affiliate for its investor relations services for YESD. We believe it could be possible that we will be rehired and additional advertising budgets could be forthcoming. We will report additional budgets as they are negotiated. Any opinions expressed are subject to change without notice.
http://thestockmarketwatch.com/newsletters/2011/01/30 /yesd-full-research-profile-major-news-time-for-potenti ally-huge-profits/
PennyStockProfessors affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. The owner of PennyStockProfessor.com has been compensated $70,000 for this profile and other investor relations services. It should be assumed that the owners of PennyStockProfessor.com will buy or sell shares at anytime before, during, or after the dissemination of this profile.
http://thestockmarketwatch.com/newsletters/2011/01/30 /yesd-the-professors-profile/
Did you just volunteer to be the one without a brain?
I follow penny stocks for enterainment purposes now. And to educate when I can. I spent my time in the penny stock game and it quickly became apparent how many of them were purely share-selling scams, like BBDA. Sure, some of them seem to start out with good intentions, but in the end almost all of them end up in the toilet.
That doesn't mean there aren't trading opportunities, but the big losers are usually the new investors who think of these stocks as true long-term investments, instead of the gambles that they are.
It is unfortunate that this crap goes on under the SECs nose. These penny stock CEOs should be put in jail for theft, because that's exactly what thy do for a living.
MDHI is an investment
You've got to do what you think is best for you. All I pointed out was the amount of dilution that has occurred over a very short time. I did not state an opinion on the company's products and I didn't advise anyone to sell.
However, a brief overview of their 10Qs for 2010 paints a very, very bleak picture. Bank overdraft fees? Are you kidding me? Top-line revenues declined every quarter. They are burning through cash at an alarming rate, which means the only way they can keep their doors open is through more dilution, just like you said. The problem is that dilution is going to become more and more expensive to existing shareholders as the OS increases and the pps decreases.
This company might succeed long-term, but there is nowhere for it to go but down over the next 6 months to a year. It is likely headed to $.001 or below by the end of this year, and an eventual reverse split at some point.
All in my opinion, of course.
The clock is ticking on MDHI's opportunity. The future of MPERS is with mobile technology and is set to be released before the end of the year. They need to step it up and make inroads into the market now before it's too late.
It's right there in the SEC filing.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7660637
The 14,290,000 shares still held by CAPE ONE FINANCIAL MASTER FUND LTD. represents 2.3% of the current OS.
14,290,000/.023 = 621,304,348
You seem to have completely glossed over the fact that the reason they no longer they own over 5% of the OS is not due to them selling off part of their holdings, but because the OS has ballooned to over 620 million shares. The OS has almost doubled since November 12, from 358+ million to 620+ in 60 days or less. That's an absolutely insane rate of dilution.
ActiPatch was cleared by fda in 2002 for the treatment of edema following blepharoplasty. That is the only approval it has received to date. That is the only thing the website could possibly be referring to.
It's just hilarious to me that the company can't file one quarterly report for the entire year, but as soon as the state yanks their license to print shares they can knockout an annual report in a few days. Ridiculous.
All it took was for the state to revoke their ability to print shares to sell to get them moving.
So, it appears that they filed a 2010 annual report with the state. When do they plan on filing their Q1 2010 with pinksheets?
I completely agree with this post. :)
I don't completely agree with this statement. Equity financing, when used responsibly, can be very effective to facilitate growth. The trick is to find the right balance between debt and equity financing, which unfortunately doesn't happen in penny stocks very often.
Your 401k administrator allows you to invest money in penny stocks? He/she needs to be fired immediately.
I'm pretty sure he's using some type of online translator to convert his text to English. That's why it's coming out unreadable.
Sell what? They don't own anything worth selling except for their machinery which is worth a couple hundred thousand AT MOST.
Could it be that somebody that has millions of shares that were given to him for free and recently became unrestricted is benefitting from this?
Also, regarding the dilution you are asking the wrong question to the CEO. The question should not be "is the company selling shares". It should be "how much has the OS increased since the last Q3 filing". This is what I was trying to explain yesterday, the company isn't selling the shares directly on the open market, they issue them to individuals who turn around and sell them. What is the OS as of today is what needs to be addressed.
Shouldn't take a whole lot of time. Just pop on once or twice a day and delete any posts that don't agree with your personal views. That's how most of IHUB's boards work at least.
Well, the problem with pinksheets and debt financing is that they can't get favorable terms, so it usually ends up convertible debt which results in dilution eventually anyways. Blue chips are able to secure debt financing at reasonable rates so it is usually best for them, and their shareholders to maintain leverage ratio above 1:1, within reason of course.
Nobody is going to loan money to a company like MDHI at this point so their only option is issuing shares. It will be like that until they start to show significant growth.
Looks like it's going to break through whatever support it had at $.005 today. I don't think things will get really ugly until they release their Q4 2010 report though, which should be mid-February.
And here it goes again. Volume up = price down. That is a very bad sign in any stock, penny or not.
Who in their right mind would ruin a glass of wine by mixing it with grape soda?
Shhhh...stop talking sense and follow "The Nose". Who needs sound reasoning and financial analysis when you have a fictional dog to lead the way?
Well, in my opinion, of course, the company is simply a few years to late in bringing its product to market. I think something like this could have been a big hit 5-10 years ago, but the proliferation of cell phones and advances in technology have already rendered it obsolete. The product I linked to earlier this morning is light years ahead of MDHI's product.
I'm not arguing with you...lol.
We're on the same side here, so no reason to bold me to death. The company doesn't disclose it's share structure because they don't want investors to know what they're doing. We both know that. And these companies file 8Ks when they feel like it, and nobody polices them. You can look in their last financial statements and see where they issued millions of shares sometime between Sept 30 and Nov 19 and there were no filings.
I believe that somebody should force these companies to be transparent in their activities, but unfortnately nobody does. It's the reason I don't put money into OTC/Pinksheet traded stocks anymore because the deck is stacked ridiculously in the company's favor, and very few of the are honest. Good luck.
The Company has evaluated all events that occur after the balance sheet date through the date when the financial statements were issued to determine if they must be reported. The management of the Company determined that there were certain reportable subsequent events to be disclosed as follows:
Common stock issuance
The Company issued 15,065,500 shares of common stock for $75,000 in cash and repayment of common stock to be issued of $75,655 at its fair market value of $0.01 per common share.
The Company issued 4,993,116 shares of common stock for the conversion of $36,700 of convertible notes at a share price of $0.0735 per share.
The Company issued 40,000,000 shares of common stock at its fair market value of $0.01 per share or $400,000.
We'll see I suppose.