Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Multiple SEC filings from MDHI indicate both of the first 2 quarters of calendar 2013 have produced a steadily growing positive cash flow.
That would mean MDHI's positive cash flow began before your prediction.
Can you give us the post # of your calculations or post the link to it? I would be interested in seeing it.
Also, was your question about Costco sales or overall sales? Costco is not the only distribution channel.
Again, the assumption is made of a straight line trajectory. That is just not a reasonable assumption to make.
Before I go any further, where did the 32 month length of contract come from?
Even if it is a legit number, it disregards any growth through the continued Costco promotions, the addition of Coventry which happened since the last financials were released, the additional scope covered by Coventry now that is is owned by AETNA, the future growth now that China is in play.
In other words, it is impossible to predict anything about what has transpired in the last six months or will happen in the future by looking at a narrow 6 month snapshot from the first half of fiscal.
The following is just an expamle of a more realistic growth than the flatline based on the numbers from 6 months ago and, since we are making numbers up, it is a very reasonable possibility.
If MDHI's unit sales only grow by 2% a month on average over the next 32 months--probably a low number with all the distribution and potential customer base growth--the revenue still grows much faster than you predict. Say MDHI sells 100 units a month today that would equal 164 units 32 months from now. At the end of that time, without any significant expansion, and accounting for lost contracts at the arbitrary 32 month time frame, MDHI's growth will still be a full 64% above flat line.
Just to review some of the statements made in the post I am responding to--
“I have followed mdhi for over four years”
Funny, MDHI has not been a publicly traded company for 4 years.
“How long can mdhi survive with losses that keep adding up”
Funny, MDHI now has a positive cash flow.
“Mdhi unaudited financials show that their profit per month is less then half their payables”
Funny, MDHI has not released unaudited financial for 6 months. All your data is out of date.
“With competition bring new tech on it is probable that mdhi is going under”
Funny, there is no proof that there is superior technology, just different stuff that does not provide the same service.
“Loss from the quarter is $216,930.00 and revenue from the quarter is $102,280.00.”
Funny, your data is 2 quarters out of date. MDHI now has a positive cash flow.
“two and a half years Ronnie has said the financials are around the corner and also saying the company is profitable. All the time the company shareprice has gone from $2.50 to almost 1 tenth of a penny !!”
Funny, two and a half years ago the PPS was .0067—not $2.50. Today it is .002 not .001. Also, none of the filings prior to the last 2 quarters claim profitability or positive cash flow.
“after the $300,000.00 buy in by the chineese that Ronnie and joe paid themselves what they say was owed themselves in back wages($236,000.00) The rest is being spent on lawyers to defend themselves from the S.E.C. investigation”
Funny, your proof again came from the financials that are 6 months old—from before the $330,000 cash infusion. The cash infusion that was partly paid for by the same people you claim paid themselves with this money.
“Ronnie and Joe just seem to keep stealing from investors through dilution to their pockets.”
Funny, you keep making this statement but there has been almost zero dilution into the float since March 2010.
“the shareprice has always gone down. $2.50 all the way to one quarter of one cent.”
Funny, MDHI’s PPS was $2.50 for the day of the IPO only. Please review http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91072708 for details.
“Mdhi about to lose patent rights”
Funny, MDHI has already been able to extend the patent contract more than once. MDHI is making interest payments of $12,500.00 each and every month on the $2.5 mil they owe on the patent. There is no way this contract gets cancelled after MDHI finally achieves positive cash flow.
“I called Mr Tichler the guy that got mdhi in costco then quit mdhi”
Funny, that Mr. Tichler got MDHI into Costco almost one year to the day AFTER he left the company—from the 8-k filed on June 1, 2012 “On June 1, 2011, CEO Howard Teicher tendered his resignation for personal reasons.” and “On May 27, 2012, The Company began receiving orders for its MediPendant product under a strategic marketing agreement with the number one warehouse club store in the U.S.” http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8653195-942-8845&type=sect&TabIndex=2&companyid=786864&ppu=%252fdefault.aspx%253fcik%253d1443089
I added the bold to this information copied from the 8-k filed on 6-1-2012:
"Item 5.02. Departure of Directors or Certain Officers.
On June 1, 2011, CEO Howard Teicher tendered his resignation for personal reasons. The announcement of a replacement for Mr. Teicher is pending."
"S.E.C. made Ronnie post the financials for 2012"
Please post any proof of this.
Non reporting companies are non-reporting. They don't have to file any financials. Reporting companies have to file audited ones. MDHI has voluntarily posted un-audited financial to keep the shareholders apprised even when it wasn't good news.
It did not have to do so.
I read the old posts before and just reviewed them now to be sure. No mention of Costco until 8-k posted on 6-1-12. Tichler left the company on 6-1-11. Costco ordered on 6-27-12.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8653195-942-8845&type=sect&TabIndex=2&companyid=786864&ppu=%252fdefault.aspx%253fcompanyid%253d786864
THe same info is in the most recent 10-Q.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=9462736&companyid=786864&ppu=%252fdefault.aspx%253fcompanyid%253d786864
That would not get the 10,000,000 shares of SAFC in the agreement to a PPS of .70 as guaranteed. The share price guarantee is 10 mil shares will have a PPS of .70 with a value of $7 mil.
A reverse split will raise the PPS but lower the share count and do nothing to help the guaranteed value of the 10 mil shares except probably drop i even further.
Companies 1000 times larger than MDHI have the cash flow to pay the auditors. Until recently--you know the last 2 quarters when cash flow became positive--MDHI did not have the luxury.
Now that MDHI is cash flow positive, they are correcting the problem by producing audited financial. So far the audits show MDHI has not been lying top us. inveIt that continues, MDHI has no where to go but up.
Funny, that Mr. Tichler got MDHI into Costco almost one year to the day AFTER he left the company—from the 8-k filed on June 1, 2012 “On June 1, 2011, CEO Howard Teicher tendered his resignation for personal reasons.” and “On May 27, 2012, The Company began receiving orders for its MediPendant product under a strategic marketing agreement with the number one warehouse club store in the U.S.” http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8653195-942-8845&type=sect&TabIndex=2&companyid=786864&ppu=%252fdefault.aspx%253fcik%253d1443089
The financials also fell behind on his watch. The one verifiable pump and dump occurred when he was in charge of MDHI.
As to the real share count, the only thing we don't know is the actual float. The share count has been posted on edgar in multiple filings including the at least 2 8-k's and a 10-Q .
How does that article have anything to do with MDHI? I don't see MDHI listed in the article. Any claim that MDHI is a repeat P&D offender has been refuted.
One billion four hundred million shares exist but 600 are restricted and at least 410 million of the rest are controlled by insiders so they had 51% to add the new 600 mil share without calling a proxy vote. That means the open market has less than 1/3rd of the OS in the float. That is not massive dumping into the market.
The written control of those shares is listed here:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9304062-996-36055&type=sect&TabIndex=2&companyid=786864&ppu=%252fdefault.aspx%253fcik%253d1443089
Nice post about MDHI's real facts vs misleading information. Thank you for posting all of this information about MDHI
Couldn't have said it any better myself.
"I bought in at .03 cents"
These posts tell a different story.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59568655
"Hey there:
I have 1,500,000 shares at an "average down price" of "tada" - .019 - Willing to hold and play when the share price and volume is on the move. I think the adds should be shorter more hit home adds. EX: I have fallen and can't get up, can't anybody here me from the bathroom, i'm in pain,.. help,.. Then switch to an orator explainig the difference of range from mdhi to other competitors. -- Who wants thier loved ones sufering in a fall, in pain and unable to be heard ."
and
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61034337
"I bought a 1,000,000 shares.Speculative but for the little i spent the chance to make much is worth it."
was in reply to
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61027365
"1 million+ shares just dumped at .0039"
Nice post about MDHI's real facts vs misleading information. Thank you for posting all of this information about MDHI
Couldn't have said it any better myself.
Robert-1--You make the assumption that MDHI's revenue, cash flow and profit are on a straight line trajectory. That is nearly impossible in the real world. For example, using the numbers from the same 8-k, fiscal 2012 saw revenue increase $121,36.00 over fiscal 2011. That is an average monthly increase of $10,113.50. Not only would that monthly increase in revenue accelerate the process by a factor of 5, but a significant portion of the losses are due to depreciation of assets--just paper losses.
Moving forward, every time a new unit is sold and the buyer keeps the system for more than 6 months, MDHI's recurring revenue rises. Even if there was no additional revenue, MDHI's cancelled debt means cash flow and profit rise.
MDHI continues to cancel debt. MDHI continues to sell new units through Costco. In the past 2 quarters MDHI added distribution through Coventry which is probably part of the increased revenue we will see as the audited financials continue to be released. That distribution network has been greatly expanded and the unit sales will continue to increase as the whole Aetna company now has access to MDHI's product.
This doesn't even account for the international growth that will be coming in the future.
In other words it is easy to mislead about the revenue trajectory MDHI will produce basing all future revenue from a 6 month snap shot.
Do you even understand how IPO's work? IPO value's are never a real fair market PPS value of a stock. They are set at a price the suckers will buy. Just about every single one of them. And insiders almost always dilute the float relatively quickly before the real fair market value undercuts their fictitious "paper" assets.
I can look up tons of IPO's to as examples and can name 2 companies off the top of my head that showed this PPS trajectory. I will post their symbols if asked but don't want this post considered off topic.
MDHI's PPS settled in around .02 within three months of the IPO. Granted there was the ONE P&D shortly after the IPO which is cause for concern even though it was a one time thing about 3 and a half years ago when MDHI was run by Howard Teicher--the man you hold up as the beacon of light from before Ronnie took over.
MDHI has started producing the "real" numbers--verified by audit--that many have been calling for. The audit verified what MDHI told us about 2011. Hopefully MDHI's audited numbers for 2012 also show MDHI was being truthful and then we can expect that the audited numbers for the 2 quarters ending 6-30-13 will show positive cash flow as projected in the most recent 8-k and 10-Q.
Everything is looking up for this company and for almost all that have invested in it. I would expect the person or people that bought the 1000 shares at $2.50 each may still have to wait a while to be in the green but if the positive cash flow is there quarter after quarter after quarter it is still possible.
My bad--September 30, 2013
"NOTE 5 PATENT
On July 10, 2008, the Company entered into a Purchase Agreement and Patent Assignment Agreement (the “Agreement”) to be effective July 31, 2008. The Company is obligated to pay the seller $2,500,000 on June 30, 2012. The Agreement specifies interest of 6% to be payable monthly, commencing on July 31, 2008. The seller will reacquire all patents and applications if payment is not made on June 30, 2012. On June 25, 2013, this due date was extended to September 30, 2013."
sorry--wrong spot.
Apology accepted. (TM Colbert)
As to the Pump and Dump idea, here is my response in its entirety to the same claim by Robert-1 when he specifically listed a bunch of supposed P&D's by MDHI:
" How is it possible that MDHI or its insiders have dumped over a billion shares into the float when the OS is 1.4 billion shares and at least 600 million of them have only been authorized and issued for a few months and are still restricted shares?
You claim 17 MDHI P&D’s but 15 of the 17 times there was a promotion, the promo company was not compensated. That generally means that the promo company bought shares, pumped the stock on its own and then sold their shares. Also, 7 of the 17 MDHI pumps were done at one time between 10-15-12 and 10-19-12 during which time so it would really be only one extended incident. During this time there was no appreciable increase in trading volume and no appreciable decrease in share price. This includes one of the 2 times a promo company received compensation.
The 9-10-12 “pump” produced a 70% reduction in MDHI trading volume when compared to the previous day and no appreciable decrease in share price. The 7-12-12 “pump” produced a 30% reduction in MDHI trading volume and an increase in the MDHI share price.
For MDHI to have dumped 1 billion shares into the float it would have had to have enough shares to do so—this was already addressed. Second, it takes more than a few million shares changing hands at a time—it takes tens of millions of shares minimum to change hands on a daily basis during the dump. Third, there is a distinct pattern of PAID promotion and corresponding PR’s (often filled with lies and half-truths), that produce a significant increase in the daily share volume driven by the new shares in the float and a corresponding significant decrease in the share price as the new shares soak up all the additional demand for the shares.
The only example you have listed for MDHI that really shows the traits of a pump and dump was on 3-8-2010 combined with the 3-10-2010 event. In this case, the share volume for MDHI went from consistently between 5 and 10 thousand shares per day and a PPS for MDHI consistently between .2 and .25 to an initial 20 mil shares while the PPS fell below .10. MDHI’s volume stayed over 10 mil shares per day for days and MDHI’s PPS eventually fell to below .02. That was a pump and dump. One time---more than three years ago---with a different person in charge of the company.(underlined part is new).
I am bothered that there has even been one P&D in MDHI’s past because I believe that a tiger can’t change its stripes but it does not add up to the consistent, repeated P&D history you claim MDHI has. If you would like to see what that actually looks like I will give you a stock to review that pumps and dumps every 3-4 weeks. Their volume hits hundreds of millions of shares a day from an average of a few million a day and the PPS almost always gets cut in half."
Convenient to forget the extensions to that agreement. Not due til Sept 31 2013 and if they have gotten extensions in the past they will be given another one if they can't afford the payment this year.
The seller is not going to give up thier monthly $12,500.00 cash payment and their the lump $2,500,000 they are owed by a company that just achieved a positive cash flow to start over elswhere.
Not true that the filing from MDHI means nothing.
Many of the specifics are old news because we already know them. Back in 2011 MDHI was a new company, still getting its feet wet and would be expected to loose money. We know it was loosing money through the end of calendar 2012 becasue Robert-1 keeps posting those old numbers as if they are current. The report even shows MDHI's irrelevant IPO price of $2.50 that lasted for 1 day. You know, the PPS Robert-1 represents occurred in the last 2 years and keeps telling us is proof Ronnie is lying?
What the new filing means is that MDHI is starting to follow through with the process of becoming a fully reporting company. MDHI has again stated it has achieved positive cash flow in an SEC filing.
The filing also shows that every time the OS goes up, insiders receive a portion of the newly issued shares to maintain a certain amount of control over the direction of the company.
Not as of today. At the end of fiscal 2011.
This is what was said in the forward looking statement:
"The Company expects calendar year 2013 to be one of continued growth in both monthly recurring revenues and distribution sales, which will allow the Company to realize sustainable positive operating cash flow. We believe the growth rate and the positive operating cash flow we are currently realizing is sustainable into 2014 and beyond."
I didn't want to post a number from the 10-q that it is clearly inaccurate without mentioning it. Also, there are other companies that swear by the transfer agents numbers and follow that up with an sec filing that indicates changes were made months before.
That being said, I belive the AS is 1 billion because there is no need to raise if when SAFC is still 800 mil+ under that ceiling. The AS has been sufficiently high enough to allow for massive liquidation without making any adjustments to it yet.
Unfortunately, the rest of my post is difficult to argue. The Market has been open for one hour and SAFC is down .0007 with 1.5 times the average daily volume trading already.
It is starting to look like there is a series of 10 mil shares loosing their restriction, getting dumped into the float and then being replaced by newly issued restricted shares.
From the 10-q filed on 5-10-13 as of March 31, 2013:
"Common stock, par value $.0001 per share, 1,000,000,000 shares authorized,
107,582,851 and 76,082,851 shares issued and outstanding, respectively"
From the 10-q posted on 8-13-13 as of June 30, 2013:
" Common stock, par value $.0001 per share, 200,000,000 shares authorized, 143,374,654 and 76,082,851 shares issued and outstanding, respectively"
I would guess there is a mistake in the newest 10-q's AS--if it should read 1 bil or 2 bil is anyone's guess but it is clearly not 200 mil.
SAFC has apparently become a dump without the pump.
Yes. "Hidden" in a segment titled "Item 9.01 Financial Statements and Exhibits"
I'm sure that made it very difficult for anyone to find.
Who is lying about MDHI? Are you sure it is Ronnie?
Yup. Ronnie tried to keep MDHI's financials hidden by putting them in an 8-k.
MDHI, which is a non-compliant company and therefore has nothing to loose by not providing financials, tried to hide information from us by putting that information in an 8-k filed with the SEC!
Makes perfect sense.
What would you accept as "THE REAL SALES NUMBERS" from MDHI?
Here is the link where MDHI clearly states that it has had positive cash flow for the last 2 quarters only.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9345309-966-5744&type=sect&TabIndex=2&companyid=786864&ppu=%252fdefault.aspx%253fcik%253d1443089
As a non compliant company MDHI did not need to provide the un-audited financial at all so if Ronnie trying to keep financials hidden, why did MDHI put them in an 8-k?
Who is lying about MDHI? Are you sure it is Ronnie?
I should have used the word "control" rather than "own". I was posting based on my memory from the shareholders' letters. Until the company becomes fully reporting we wont know the actual breakdown of large share holders that also would be considered insiders and may not know the actual percentage still controlled by management until another major decision is posted.
Whatever the actual breakdown is, the insiders control the majority of the shares--or at least did so before the last vote. It is also not a lie to say the "Majority of the shareholders at X percentage" even if that is only 1 person.
I have to find the letters they sent me when they approved the increase and then followed through with it. I believe that is where it was addressed.
I know from the June 8-k that they were able to get written approval for the share increase from the holders of just under 410 million shares without public notification. The written approval allowed for the increase without calling for a meeting or proxy vote because they already had more than 50% approval.
After reviewing the 8-k more fully, the numbers I remember for those letters is off a little bit based on the number of JTT-EMS received. However, the number of JTT-EMS received is only approximated in that release and could be off significantly which would allow them to maintain the majority vote. If it is not off significantly, they will need JTT-EMS to side with them to continue to take such actions.
As previously stated that is not my understanding from what remember reading. Either way when the balance of the 600 mil new shares are added to the 410 mil they already controlled they now have nearly 600 mil shares that they control.
I will try to find the letters but til I do here is the link to the edgar filing.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9304062-996-36055&type=sect&TabIndex=2&companyid=786864&ppu=%252fdefault.aspx%253fcik%253d1443089
The company and/or its insiders own almost 51% but jtt-ems does not own 600 million shares. The company and/or its insiders were issued a portion of the new 600 million shares to keep their share above 50% so they do not need to have any proxy votes for anything they want to do as they own a controlling percentage of the business.
As I understand it when the OS was 800 mil shares management controlled approximately 410 million shares so they didn't need a company meeting and proxy vote to add the new shares. I believe they now control approximately 710 million shares which is 50.7%.
The $330,000.00 included the investment from jtt-ems and additional investments from existing shareholders.
Are you sure about that? There has been one trade in the last 10 days of 1 million shares. It happened less than 10 minutes ago.
One.
MDHI's $2.50 a share is not a relevant point. $2.50 was the IPO price set by th ecompany when the stock was initially issued and lated for 1 day on 1000 shares of volume.
MDHI having 1.6 billion shares is not relevant as it is not true. The os is 1.4 billion.
MDHI having a PPS of .001 is not relevant as the PPS is floating between 1,6 and 2.2 times that.
MDHI's cash on hand in the financials you keep posting is not relevant to the $300,000.00 because those numbers were from before the AS and OS were raised and before they did the Chinese deal.
Who is lying about MDHI? Are you sure it is Ronnie?
Thank you for that post. I’m amazed how few people understand that companies, particularly start up companies, go through some difficult times where it is necessary to decide the best use of the limited funds available. If early on MDHI had sufficient funds to either produce goods to sell or remain fully reporting but not both, making Medi-Pendants wins. It would not be a hard decision for any good manager.
However, there is no doubt that Ronnie put unrealistic expectations in the investors’ minds by giving specific dates that they could expect the audited financials would be completed and posted when he had no control over the completion time frame. These things always take longer than expected and I would consider this a mistake.
In my opinion, MDHI would have been better served if the audits were never mentioned in advance. Then, if the audits were not done by a specific date, MDHI could release the unaudited financial on time and back them up with the unaudited financials they have given us with the audited ones as they get completed on an annual basis or all at once.
While not everything he says about MDHI is 100% accurate—this can be said about most CEO’s of most companies big or small---MDHI does not have a repeated history of adding massive amounts to the AS, adding massive amount to the OS, paying contracts in shares with a par value of .0001 when fair market value is .002, insiders dumping hundreds of thousands of shares as soon as the restriction expires only to have those insiders receive more shares, and so on. MDHI does not publish a 150% increase in the AS and OS 6 months after is supposedly happened when nothing but positive info was released during those 6 months duping investors—they tell us in advance and do so by proxy letter. It may frustrate some of us that we have no say in such decisions but again that is proof that no dumping is going on as the insiders refuse to yield their 51% control of the outstanding shares.
I find it extremely ironic that any posters here would try to call Ronnie out for misleading statements about MDHI that probably were intended to protect the company—for example, most investors don’t want to hear the truth if it is going to be 2-3 years before a company can afford the costs associated with becoming fully reporting--- while posting one misleading statement after another peppered with bald faced lies about MDHI and its history.
By no means am I saying everything posted about MDHI should be positive. In fact I believe exactly the opposite. There is enough about MDHI that raises legitimate questions about the company and where it is headed. Posting repeated false statements or outdated information about MDHI—whether positive or negative—is help no one.
I happen to believe in the product. I have elderly parents who live in a big house that have another monitoring system because I didn’t know about the Medi-Pendant when they got it-and their insurance may not have covered it back then. I would much prefer they have a speaker directly around their necks so that regardless of where a problem occurs they have communication rather than just rely on someone knowing they fell. I am willing to bet that feature is what will make MDHI huge as long as they grow the brand before the patent expires.
I thought your point was that Costco just brought in a new product similar to MDHI's because they "know MDHI is in trouble"
MDHO has a 1.4 billion OS with 600 million shares restricted. As long as no other shares are restricted, that leaves an unrestricted OS of y 800 million shares.
MDHI recently told us the insiders control a minimum of 51% of the OS. Therefore, the 49% balance of the 800 million shares is the float.
It was addressed in one of the ways we were informed about the added 600 mil shares. MDHI stated that the increase in the AS and OS was approved by 51% of the shareholders and that enough of those shares were issued to the insiders so that they maintain their 51% majority after even the share sale to the Chinese investors.
It is untrue that dilution does not affect the PPS. True dilution does not happen until shares enter the float because those are the shares that are traded between by the general public.
I would be worried about MDHI if it had 3 billion authorized shares with 1.4 bill totally unrestricted OS with and a float of 200 million shares. Those numbers would tell me the company is preparing to dump hundresd of millions of share with the intent to print more for the insiders as soon as the dump is underway.
We know that is not how MDHI is doing things. MDHI needed to generate cash reserves, hopefully because the positive cash flow is being used to reduce debt. Therefore they MDHI raised the AS, issued all the raised shares in exchange for cash and used that is supposed to be using that money specifically to become fully compliant.
While we don't have exact numbers, we also know that the insiders own at least 51% of MDHI shares. That means the current float is only around 400 million shares and at least 60% of the rest of those shares are restricted. That float is small enough to allow for an extremely rapid increase in the PPS.
ceo1--I promise you malwarebytes will catch anything that got by Avast. You can get it for free at cnet.com.
What do you think is going on with SAFC? Little tiny trades moving it essentially sideways followed by that big buy down at .003? It's weird.
Still bringing up MDHI's IPO of $2.50 as a relevant point?
Still bringing up the 600 million restricted shares that were just authorized used for operating capital and can't enter the float for 9 months a relevant reason the shares are not moving?
Still bringing up the idea that the company is diluting repeatedly?
All of these ideas about MDHI that youi keep posting have been proven false by myself and other posters on this board. Remember when you said MDHI had dumped over a billion shares into the float? That was incorrect too.
Your complaint is that MDHI got into Costco 11 months ago? What is your point? We know Costco is selling the product and that it is highly rated. Why is this a problem? Just because we have not seen the exact numbers yet? In 2012 Costco had over $99 Billion in sales. That means they move product. MDHI' medi-pendant is one of the products they move. We just don't know how much yet.
I get that not filing anything is a problem. At least MDHI has given us un-audited financials in the past rather than nothing. Many people here think providing audited financials is a breeze but it isn't. When a company changes accountants the first thing they must do is review the prior accountant's audited work to be sure it is correct. Then they have to audit any other existing financials and finally, if there is anything that has not already been prepared, they have to piece together remaining financial data and audit that.
All that takes a long time.
I mean millions on the bid and no body selling.