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Lol it already went to .018 on its first spike. So yes it can go to .01. And chart pattern shows it going much higher.
I believe it will spike past .05. not sure where the supports will hold past that but the entire game has changed for them due to current events.
I agree I called out the flag pole patter. And cup and handle formation on pctl when it was at .01 I had it on my watchlist earlier and wish I would have bought at .0016 when I had the chance but did not. Ewll is setting up for something big imo
The information you copy and pasted was filed on February 5th 2020. It posted share structure information from February 3rd 2020. The 1 for 50 reverse split was on February 12th 2020.
That share structure you posted with over 700k shares was before the reverse split on February 12th 2020.
Actually right after you both said that Friday roughly 5 minutes later someone said they made a purchase on etrade and that was not correct
Exactly and how many of those need to still see a physical therapist or a doctor. They can now, and will use the telehealth. I suspect roughly 20%-30% will enjoy the telehealth experience and keep using it after this lockdown as well. The other option is to go in to a doctors office and sit in a waiting room for hours when they could have connected to the doctor within 10 mins from home. Times are changing and the coronavirus just forced its hand to come sooner by having the restrictions removed.
As long as those preferred shares go through, Which there is a huge chance it could happen now that telehealth gave them the break they needed, Then the restrictions removed was a massive win, Then on top of that there is over 8 billion in spending to assist and telehealth is a massive must for the world right now.
There is a chance that they could receive government funding and not need to even do the preferred shares. In that case the market cap would climb to the amount of funding recieved if not higher since it is clear as day that telehealth is really kicking off like they anticipated it will with current events. Then it will be here to stay and people will realize its much easier to wait 10 mins to do a telehealth visit over a 2-8 hour visit to the doctor or ER and you will find people using this over the doctor more and more.
There is also a chance with the huge news around telehealth that wise smart rich investors decide to purchase the preferred shares as they know that is what will make this company huge and they will own a large stake in it. That would make it a 50 million market cap company and the preferred shares come with warrants to purchase common shares at 3.00 a share. Let that sink in. If the preferred are sold this could climb very fast torward 3.00 a share.
Also a Reverse Split was done on 2-12-20 for those saying one is to come your a month late and the price never had a chance to climb after it. Now the telehealth need is here and it is raging to fly and that is why it popped to .018. People need to stay home and still see doctors/physical therapists. There are big reasons the government is supporting Telehealth. It is needed and will stick around after this hard time we are going through as well.
The need for telehealth Gop Removes Restrictions
https://www.medicaleconomics.com/news/covid-19-and-telehealth-technology-can-help-us-triage-nation-crisis
Preferred Stock with Proceeds to Retire Convertible Notes
Link below. Everyone screaming yet company has plans to retire convertible notes. Scream away I suppose
https://finance.yahoo.com/news/ewellness-announces-2020-revenue-forecast-140010697.html
Yet millions of people stuck at home need physical therapy, also the company says they have telehealth as well. you should do some more research about the company so you can get your facts straight. Saying they are not a telehealth company is like saying MM's is not candy because its not in the form of a bar.
They also do telehealth and telerehab, i would suggest a little more research
Telehealth companies being overwhelmed before the changes made. Now there is even more demand with medicare covering telehealth visits.
https://www.statnews.com/2020/03/17/telehealth-services-overwhelmed-amid-coronavirus-pandemic/
Telehealth demand literally was forced to skyrocket overnight due to people being forced to stay home. Massive changes will come and fast.
https://qz.com/1821549/telemedicine-faces-unprecedented-demand-in-the-wake-of-coronavirus/
Things are moving fast for the telehealth industry
https://mhealthintelligence.com/news/states-move-quickly-to-address-coronavirus-pandemic-with-telehealth
I watched a video of the ceo in an interview say he sold his 9 locations he had for physical therapy to peruse this! He is a physical therapist himself and knows the industry. He had 9 locations he gave up on to move on to bigger things. What does that tell you?!?!
Recent DD for new investors below.
They have an upcoming app that will release by the end of quarter 1 2020. We have all been waiting for this as it should bring massive changes for this company on top of current events the stars are aligning.
This link below is the awaited app we have all been longing for that will provide a lot of medical benefits with the telehealth at home services people will need with the Millions of people being stuck at home who can not just go see a doctor with ease. Medicare will also accept programs like this due to recent bill changes. The link below that shows there has been an increase due to recent current events with the coronavirus as more people are anticipated to use these products due to quarantines and especially with the changes in the recent telehealth bill.
https://finance.yahoo.com/news/ewellness-announces-msk360-app-deployed-140010328.html
https://finance.yahoo.com/news/ewellness-digital-phzio-treatment-platform-130010614.html
Government funding telehealth programs to come?
I would not be surprised to see the government fund this company as well as other telehealth companies to jump start the telehealth programs due to prior restrictions it prevented a lot of telehealth companies from getting started. EWLL has a upcoming application they have releasing by end of 1st quarter that will be massive with today's current events. Previous regulations shackled telehealth from going anywhere but now times are suddenly changed and need a massive jump start.
Now with the restrictions removed, people being able to use medicare for telehealth and trump being a massive supporter of telehealth (he mentions it at nearly every press release) we could very well see government funding telehealth companies to jump start the sector. I would not be surprised if we seen some news in the near future about government funding allowing the companies funding provide future capital to get telehealth services up fast as needed due to national lockdowns occurring. If this occurred for EWLL then they could use part of that funding to cancel all the toxic debt and get the company on track to boost revenues even further
Another restriction that was removed allows telehealth to bill Medicare and Medicare which was no such thing before. That is a humungous chunk of new revenue potential.
Trump just announced telehealth is becoming massive.
Trump on Telehealth Massive Changes are here
I agree
Do you think this will get to .05-.10 next week or do you think it will take a month? What's your idea on this?
I agree, it will be alot easier to sell the preferred shares with the restrictions removed which has warrants that can buy common shares at 3.00 a share. Let that sink it. That would also give the company 50 million to remove toxic debt and another 30 million if the warrants are exercised if the warrants are converted. This could very well be a 3.00 stock in the next couple years. Time will tell.
One restriction waived prevented telehealth to work across state borders. No they can go all across the us.
he added up all the volume since monday.
He is trying to say someone purchased 145,454,545 shares at once. hrmm
Just saying facts are facts. Assumption leads to nothing but assumption.
That's assuming your guess of 850 million outstanding shares. All assumption no facts
Upcoming application for quarter 1 2020.
Https://finance.yahoo.com/news/ewellness-announces-msk360-app-deployed-140010328.html
Also I seen a 777 trade. Seen the same thing on pctl before it went from .01 to .09
Retest of .018 coming?
Idk that 6,893,200 t trade at .00195 signaling a possible uptrend.
Yep after today. Those numbers where yesterday's. Otcmarket was updated last night around 1030-1100pm. Hopefully they do the same today. I really do not suspect dilution. That is the backup plan. They are selling preferred shares 2 million at 25 dollars a share totaling 50 million total to remove toxic debt and provide capital for their upcoming application releasing shortly (all prior news and sec filings). Each share includes 5 warrants, each warrant allows them to purchase a common share at $3.00 a share.
He cant it's not going on.
Otcmarkets updated the market cap yesterday on 3-18-20. It's super easy to find the amount of shares trading in the market by taking the market cap divided by closing price equals shares every investor out there knows this simple formula.
Just keeping it factual. No gloom and doom from me just the facts. Link below
https://www.otcmarkets.com/stock/EWLL/security
127,594 updated market cap as of 3-18-20
Take that and divide the close yesterday of .0025 you get 51,037,600 shares. Just stating facts.
Link below
https://www.otcmarkets.com/stock/EWLL/security
That is a lot of short volume. Considering the company updated market cap yesterday showing no dilution.
I would be look at the t trade after hours at .00195 for 6,380,200 shares. Well above market close.
Company updated the market cap every day the last 2 days showing zero dilution. MMS in deep and shaking hard.