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WOW! I just got home from golf and can't believe the great news.
Panaxol gone.
Flood gone.
$1.5 million in liabilities gone.
Greg Arms interim President.
SOLI’s liabilities will effectively be reduced by $1,526,750,which is ultimately to the benefit of all SOLI shareholders, since SOLI’s post-closing financial statements should in theory be more attractive to institutional investors.
SOLI/CareClix has been so quite with the PR's since the suspension to the Greys. I was thinking that they have been holding off on PR's until uplist and this appears to be one of them.
Great find Fishing at Surfside!!
This looks absolutely huge!!
New CareClix tweet:
June is Men's Health Month. Get screened and stay active.
#MHM2020 #menshealthmonth #goodhealth #showusyourblue #telemedicine #ehealth #telehealth #virtualphysician
June is Men's Health Month. Get screened and stay active. #MHM2020 #menshealthmonth #goodhealth #showusyourblue #telemedicine #ehealth #telehealth #virtualphysician pic.twitter.com/UPTwYKvgmc
— CareClix (@CareClix) June 10, 2020
I do believe we are close to FINRA approval to get off the Greys.
SOLI share structure updated on OTC Markets.
OS, AS, Restricted and Unrestricted all remain unchanged since 4/21/20
https://www.otcmarkets.com/stock/SOLI/security
New CareClix tweet this morning:
#COVID19 is having a significant impact on #mentalhealth. Telemedicine can be the ideal tool in reducing the burden according to Telemedicine & E-health, Apr2020 http://bit.ly/3cAa0ZX http://CareClix.com/Remote-Patient-Monitoring platform supports providers in the assessment & treatment of patients.
#COVID19 is having a significant impact on #mentalhealth. Telemedicine can be the ideal tool in reducing the burden according to Telemedicine & E-health, Apr2020 https://t.co/yHzrZqfoTS https://t.co/ZNn8naEJeC platform supports providers in the assessment & treatment of patients. pic.twitter.com/QfXJKP7Mp1
— CareClix (@CareClix) June 6, 2020
Excellent find EdF!!
Did you see how CareClix was singled out by one of the Dr.s?
"Dr. Kleinman noted his agreement with the idea of setting up a virtual referral network. He noted Careclicks hooks up to HIE."
This meeting was on May 8 and it showed the previous meeting was in March.
I wonder if their schedule is to meet every other month and when they will decided on which 2 of the 5 companies to go forward with.
Another nice find EdF. You seem to dig up everything CareClix or telemedicine related.
Great job.
New CareClix tweet this morning:
Creating a virtual hospital solves many of the challenges facing rural healthcare centers by increasing access and capacity.
@CareClix
Exam Kiosk converts any bricks-and-mortar room into a virtual health suite. http://CareClix.com/virtual-hospital/ #telemedicine #StrongerTogether
Creating a virtual hospital solves many of the challenges facing rural healthcare centers by increasing access and capacity. @CareClix Exam Kiosk converts any bricks-and-mortar room into a virtual health suite. https://t.co/UX5Qtnft1V #telemedicine #StrongerTogether pic.twitter.com/uFduiaHQtq
— CareClix (@CareClix) June 4, 2020
New CareClix tweet this morning:
CareClix Exam creates a Medical Virtual Exam Room, incorporating up to 14 different FDA approved devices such as digital otoscopes and EKGs. Our platform allows any medical facility to convert bricks and mortar exam room into a virtual health suite. http://CareClix.com
CareClix Exam creates a Medical Virtual Exam Room, incorporating up to 14 different FDA approved devices such as digital otoscopes and EKGs. Our platform allows any medical facility to convert bricks and mortar exam room into a virtual health suite. https://t.co/RsqmhGmwnF pic.twitter.com/CEf6xkukE9
— CareClix (@CareClix) June 3, 2020
SOLI share structure updated on OTC Markets today.
OS, AS, Restricted and Unrestricted all remain unchanged since last update on 5/20/20
https://www.otcmarkets.com/stock/SOLI/security
CareClix tweet this morning:
#Telemedicine plays a tremendous role in building comprehensive healthcare communities http://bit.ly/2ZxG0uY
@CareClix
suite of integrated programs provide an easy means to build a #virtual group of specialty providers that your patients can access as part of your organization.
https://twitter.com/CareClix/status/1265598862607220736
Well we need to get off the Greys (should be soon), get the name & symbol change done, and get the 10K.
SOLI needs to show the world how big revenue was in Q1 and Q2.
Bupa has 15.8 million healthcare customers.
We have 17.5 million health insurance customers, provide healthcare to around 15.8 million people in our clinics, hospitals and dental centres and look after over 22,000 aged care residents in our care homes and villages.
Bupa has over 32 million customers in 190 countries ( this number is healthcare and insurance...I can't find a breakdown).
That number is huge.
32 million customers
Bupa /bu?p?/ is a British international healthcare provisioning and multi-insurance group, with its origins and headquarters in the United Kingdom, but now serving 32 million customers in 190 countries.
Bupa which is on the list, check out their website. They are in: Australia,
China, Chile, Hong Kong, India, New Zealand, Poland, Saudi Arabia, Spain, and United Kingdom.
WOW! Lots of new names on the list:
- Bupa
-Harvard Medical School
-Facebook
-Yale University School of Medicine
SOLI share structure updated on OTC Markets.
OS, AS, Restricted and Unrestricted all remain unchanged since last update on 4/21/20
https://www.otcmarkets.com/stock/SOLI/security
Officially, FINRA will say that there are many factors at play in accepting a form 211. They say it could take a number of weeks to up to a year.
But for SOLI they just recently went thru the process (last July thru Nov. 2019), were fully vetted and the had their 211 approved.
When I spoke to an SEC attorney about this situation, he felt that since they recently were approved the process this time would be much faster to get approval (they main focus would be the recent suspension and FINRA would put the onus on the MM to explain why SOLI acted in good faith with their PRs. So the MM has to take responsibility when filing a 211 that they feel the company should be approved ). We know that Glendale filed the 211 right after SOLI resumed trading on 4/27/20, so they must feel very comfortable with the situation.
I expect the 211 to get approved before the financials are due on June 14th.
The name & symbol change is on hold until the 211 is accepted. It can't happen with an open 211.
daiello, thank you for all of your financial analysis. It really helps to keep things in perspective.
Keep up the great work.
Answer this: why would one "hope" revenue doesn't grow exponentially?
I agree with your Q2 estimate rstar:
until we see 1st and especially 2nd qtr fins we won't know for sure
but based on their business model and many indications that, as a result of telemedicine services surging in response to covid 19 , stay at home orders, and hospitals being overwhelmed and the last place anyone want s to go- that business is bursting at the seams.
I wouldn't be surprised to see them doing 5m+ a quarter starting 2nd qtr and profitable this year.
both cvlb and tdoc don't seem able to achieve profitability-even in this environment- based on their business models
New tweet from CareClix:
CareClix ER Triage platform is ideal tool for forward triage of patients experiencing #healthcare emergency during COVID19 Our ERT platform allows patients to be effectively screened while in self quarantine, protecting patients, providers & ER community. http://CareClix.com
https://twitter.com/CareClix/status/1262406075015462913
It is a moot point because Glendale filed a 211 at the beginning of May, 2020.
And that 211 will be approved soon, correcting the wrong perpetrated by the SEC.
And that will end the discussion on this topic.
I totally agree.
They have a good size firm they hired at the end of Jan. 2020
https://www.rrbb.com
But there is a lot that management is responsible for on a filing that the audit firm wouldn't do.
It is unfortunate that they are so busy bringing in all that revenue.
TDO*C is a US company based in NY.
Going into Canada is huge for CareClix!
Great find!
Correction to your post:
Glendale isn't "moving forward with a new 211".
Glendale has ALREADY submitted a new 211 back in the beginning of May.
Can one of the Mods sticky this post?
PamelaR, excellent summary.
And because of all that, that is why Glendale acted so quickly to submit a form 211 to correct the injustice brought on by the SEC.
I expect the 211 to get approved soon.
New CareClix tweet this morning:
Global pandemic has forced #healthcare to rethink how they care for chronic patients. Our Chronic Care Management program allows patients to access healthcare from home reducing strain on your medical staff & facilities. http://CareClix.com/remote-patient-monitoring Call us 855.CARECLX to get started!
Global pandemic has forced #healthcare to rethink how they care for chronic patients. Our Chronic Care Management program allows patients to access healthcare from home reducing strain on your medical staff & facilities. https://t.co/n4OlgWwhOa Call us 855.CARECLX to get started! pic.twitter.com/gaftohbwOP
— CareClix (@CareClix) May 15, 2020
A pretty bold statement:
Criminal charges are definitely on the table now for SOLI
You are 100% correct!
From SOLI's recent PR:
Dr. John Korangy, CEO of CareClix said ,"CareClix is fully compliant with this clear FDA directive regarding home testing, and will take the lead per the FDA guidelines to work closely with its selected testing labs to assure they also comply with all FDA guidelines. CareClix continues to expand its physician network across the country. We will continue to perform our clinical evaluation of patients and to refer patients to laboratories in accordance with FDA guidelines."
I am confused. You posted that SOLI had to wait for the new 211 to get approved before they could file the 10K.
So what is it?
Its too bad that SOLI got suspended before they could file that 10K. Now they will have to wait for that new Form to 211 to get authorized by FINRA first before they can even do that.
New CareClix tweeter post: highlights "over 20 million users"
With over 20 million users,
@CareClix
telemedicine solutions are proven & trusted by patients, providers, & organizations to help deliver outstanding healthcare. Contact us at info@careclix.com to learn how we can support your team.
#healthcareproviders #telehealth #COVID19
With over 20 million users, @CareClix telemedicine solutions are proven & trusted by patients, providers, & organizations to help deliver outstanding healthcare. Contact us at info@careclix.com to learn how we can support your team.
— CareClix (@CareClix) May 14, 2020
#healthcareproviders #telehealth #COVID19 pic.twitter.com/1NLnPJabpd
First class upgrade to the CareClix website.
It now contains all the news releases, updated management team/board of directors, etc.
They have been busy doing business.