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I agree. But there are some very big "ifs" here..
I know the definition. An owner can do the samething, LOL.. The question is: Why the demotion?
Actually, there is no guarantee of that that. The statement about that uses two key phrases: "if completed" and "will likely". The more important question is why demote from owner to Value Added Reseller (“VAR”)?
My interpretation (gut feeling, no proof) is that there was a falling out with Doug (chairman)and Darwin Fogt and Curtis Hollister. They resigned from Ewll and are principals of BI. They agreed to continue to service EWLL accounts. It is my belief that the Platform and IP go with Darwin and EWLL is hoping for some breadcrumbs.
We are in the process of completing a new Services Agreement with Bistromatics, that, if completed, will likely re-position EWLL as a Value Added Reseller (“VAR”) of the PHZIO and MSK360 platforms and allow EWLL to earn marketing fees and would also be granted a significant percentage ownership of Bistromatics in return for transferring the marketing and IP rights for the PHZIO and MSK360 platforms from EWLL to Bistromatics."
Also important As of the 8K. They use the word "currently". That may mean not for long.
As noted above, the Company’s PHZIO and MSK360 systems are currently operated on behalf of the Company by Bistromatics Inc., which is based in Canada. These services are still operational and continue to treat EWLL’s corporate patients and customers.
If this is read as is. The ATI agreement is with BI. Not EWLL. EWLL hopes to get Revs in the future.
"In the future, it is anticipated that the Company may receive a revenue share of any proceeds generated by the ATI agreement from BI."
Also in the 8K:
"Pursuant to communications between the Company and both Darwin Fogt and Curtis Hollister, principals of BI and former executive officers and directors of the Company, regarding their resignations from such positions with the Company, which resignations were accepted by the Company’s Board on June 1, 2020, Messrs. Fogt and Hollister represented to the Company that Bistromatics and its management will continue to provide support services to the Company’s PHZIO System."
"As noted above, the Company’s PHZIO and MSK360 systems are currently operated on behalf of the Company by Bistromatics Inc., which is based in Canada. These services are still operational and continue to treat EWLL’s corporate patients and customers.
We are in the process of completing a new Services Agreement with Bistromatics, that, if completed, will likely re-position EWLL as a Value Added Reseller (“VAR”) of the PHZIO and MSK360 platforms and allow EWLL to earn marketing fees and would also be granted a significant percentage ownership of Bistromatics in return for transferring the marketing and IP rights for the PHZIO and MSK360 platforms from EWLL to Bistromatics."
When was the last time you reached out? I remember yo posting months ago on that. Have you talked to them since then? I have talked to Phzio Canada. Things have changed. I am not sure what direction it's going now but I hope it goes your way.
I do like fluffernutters, LOL.. Haven't had one in over 30 years, LOL
Yes, that list you just posted is mostly fluff IMO. Nothing has come out of any of that. The 16 agreements that those companies "can" (not will) use Phzio happened a very long time ago and the expected Revs didn't materialize. Just as most of everything in any PRs or filings with the exception of the Safe Harbor type warnings and the promise to use shares to make ends meet until ewll can generate "significant" Revs. That is fact!
Phizo Canada claims to own Phizo.com and they claim to be an independent Company with no affiliation to Ewll. They used to have an agreement but state they no longer do.
Darwin left and went to BI. By the way BI has generated more Revs this year than Ewll has in it's life time.
Darwin is with BI, Ewll hopes to restructure as a value added reseller of Phzio and give up ownership of IP and Platform to BI. Oh that is if agreed, LOL.. More facts..from 8K
Why would they do this?? Perhaps they are losing rights to Phzio anyway since Darwin left and they are hoping for some breadcrumbs. That's an opinion...
I hope you took some profits mid august. It may be a while before or if it happens again. Something is going on behind the scenes. It may not be as you hope. There are a ton of red flags. You can ignore them if you chose or try to discover more information and share with others as I am. I have always discussed both sides of this coin, Have you?
I am playing no such game. It is an observation and conversation. All conversation, questions and DD discussed are not always going to be positive assumptions of fluff based on no supporting facts or information supplied by ewll, BI and ATI. It all can't be pollyanna.
Thanks. I saw the small Phzio logo on that one image. Strange that it isn't mentioned anywhere else in my opinion. So they branded Phzio as ATI connect it seems. I wonder if they purchased the platform or have some sort of licence agreement. Ewll hasn't ever provided any details on rev or sales agreements or structure. There was something posted something stating ATI claimed to own the platform and suggested a search for other providers to find a like service vs selling them the access or even saying, hey call Phzio they can hook you up. Very weird IMO.
They never replied to my follow up questions. Instead they blocked me on the Facebook messenger App so they don't have to receive any questions. LOL
That is for sure ATI's site. However, I can't find any mention of Phzio, Ewellness or BI anywhere on there site. All Appointment URLs are ATI. No obvious link to Phizo platform or mention of it. Also there partner page has no mention of the above either.
https://www.atipt.com/proud-partnerships
What makes you so sure that they are using the Phzio platform and not their own?
Thanks for the reply
It's been a while since I checked on this one. Has Corg ever expanded into other areas? What happened with the Ghost kitchen concept? Did they ever set up as one in vegas or elsewhere? It seems to me the only thing that happened since March is that Corg acquired the CEOs own restaurant. Has anything else been finalized?
I agree. I would like to see the cage match, LOL.. IMO, Things will get interesting in the next few weeks.
This is like a flashback to April/May. Only difference is the OS.
Right, he did not formally apply as there is no formal application for EUA. If there is no formal application for EUA, how could he formally apply?
He did mention M2M but did not mention Severe. My gut tells me that there will be an EUA for severe when the CD10/CD12 are reviewed. I might be wrong but with what is available now for treatment and the vaccine issues, something has to be approved and soon.
Then there is the political factor. Election in November. Someone will be pushing this as part of their campaign as well most likely.
They can't continue to ignore it if the CD10/CD12 are good.
Someone posted that there isn't an application for EUA. So Nader likely meant that. So saying they did not apply is accurate. It can be requested or granted in my understanding. So when he stated yesterday that he asked for advice/guidance (whatever he said), I take that to mean requested. In my opinion Leron can still get EUA if the upcoming CD10/CD12 results are as good as expected.
Actually as of 9/1/2020 there are 9,219,760,549 in the bullpen.
20 billion AS
10,780,239,451 OS
9,219,760,549 remaining
4,498,366,225 Float as of 8/24/2020
For perspective:
3/23/2020 the OS was 573,793,941
10,780,239,451 is a 1778.7649503953% increase of 573,793,941.
Basically, the OS has increased 1800% since 3/23/2020
They need a better speaker/front man to run these calls and speak on behalf of the company. Someone, that is not emotional, stays calm, stays focused and that is easy to understand.
I agree the call was awful. Almost as you describe. They will knock the big boys down once approved. I am not sure he lied about the EUA. He was talking about mild to moderate not severe. He never said that an EUA for severe was not applied for. I don't know if one was, but I hope that there was. I voted no on the comp. I have a limit order in tomorrow. If it tanks, I will sell and buy back. I believe in LL and also believe there will be approvals. When is the question.
And still way up from .26 cents as the 52 week low.
3.50 -3.75 isn't that bad of a place to be while awaiting the needed news.
NP said for Moderate if I recall correctly. EUA for severe wasn't taken off the table unless I heard incorrectly.
I hope not for the sake of the shareholders.
I am not sure that is accurate anymore.
The something behind the scenes may not be good for ewll. IMO The 8K stating the possibility of restructuring to a reseller and IP and platform going to BI doesn't sit well for me. It defies logic. Unless the IP/platform belong to Darwin and Doug is looking for breadcrumbs if BI becomes successful.
I got a message from etrade asking me to do a vote. I went with that. I didn't get a call. If I did, I likely would have ignored it as I wouldn't have recognized the number.
I am not sure what the next move for others should be. Some will hold and hope for a pop. Some will bet on the ATI deal and Revs for ewll. Some will sell now and cut losses. Some will hold and lose it all if there is a RS or if ewll loses ownership of IP/Platform and gets no Revs. A new ticker PHZO may have nothing to do with ewll at all. It may combine Phzio Canada, Phzio Telehealth US/CA and BI. ewll may not be included in the end. Or ewll changes to PHZO and the rest fall under ewll. IMO the last 8K makes that very unlikely.
Can you post the entire thread with Doug? He can't answer all of that outside of a PR or filing sadly.
I understand they are free shares. A free pile of poop is still a pile of poop, LOL.. Being free doesn't mean they have value or will have value in the future.
Again no announcement to the shareholders, the patients, no site redirection or even a message with info/instructions. IMO, Douglas C. MacLellan is incompetent and it my gut feeling that he and Darwin had a falling out and Darwin left taking the IP and Platform with him to BI. I have no proof of this, just a gut feeling.
Been there done that. They typically do not reply.
And it moved back to .0001-.0003. I was talking about the dilution not the possibility of another pop. I hope there is a pop left. In my humble opinion it looks like things are falling apart for the ticker ewll. If the PHZO ticker comes as some speculate, things may be different. Time will tell.
We have been saying this since march 2020.
They should have notified the shareholders officially. It was also one of the worse financing deals ever created. LOL... Glad it expired.
Whom and what are the key questions, LOL.. It could be none, LOL
True but the float is 4 times the amount since March, If the amount is accurate.
What is with all of the "Stayed Tuned" BS? LOL
Are you implying a new ticker called PHZO is in the works and it will replace Ewll and incorporate, Phzio Canada, BI, Phzio Telehealth and own the IP and Platform? Where do you get that idea?
With all due respect Werd, things are different. Especially, the OS from when we started here. I have always respected your DD buddy and I hope for the best here for you.