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Would agree, lots of smaller sized trades, probably attempts to knock down to some degree,understand things are developing very well and soon more things to be spoken of.
Lightening are going to be tough....
Going to the Tigers game tonight?
NP, acting well(no pun intended)...looks like TMA group is giving these guys proper guidance to make things happen.....like what I am seeing....
SCHAUMBURG, Ill., April 20, 2015 (GLOBE NEWSWIRE) -- Wellness Center USA, Inc. (WCUI), today reports that it has completed its second and final payment to JMJ Financial (JMJ) under the Note Termination Agreement previously announced on March 19, 2015. Accordingly, the Company's relationship with JMJ has ended and JMJ will no longer have any conversion rights into WCUI shares.
Pursuant to the Note Termination Agreement, JMJ had agreed to permit full repayment of the Note in the sum of $200,000 payable in two installments of $100,000 each on March 20, 2015, and on April 24, 2015, respectively. On March 19, 2015 the Company completed the first payment to JMJ in the amount of $100,000 and on April 17, 2015 the Company satisfied the second and final payment in the amount of $100,000, ahead of the April 24, 2015 due date.
"Now that Note conversions are behind us, we can continue building shareholder value without battling ongoing infusions of deeply discounted shares into our stock trading market," stated Andrew J Kandalepas, CEO and Chairman of WCUI. "With this accomplishment we will immediately eliminate any and all stock dilution related to Note conversions, drastically decrease potential cost of future capital, and will positively impact our financial picture with the removal of the loan obligation as well as restoring share value impairment caused by the derivative treatment of the Note," Kandalepas added.
About Wellness Center USA, Inc.
Wellness Center USA, Inc. (www.wellnesscenterusa.com) is a hybrid healthcare company that combines best in class technologies, software, devices, providers, protocols, goods, and services. It was created to address important healthcare and wellness needs via breakthrough solutions, all centered around the "well-being of the body and mind". Wellness Center USA, Inc. is the parent company of three businesses reporting consolidated: Stealth Mark, National Pain Centers, and Psoria-Shield.
Safe Harbor Statement:
Certain statements and projections contained in this presentation that are not statements or financial results of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements and projections include statements regarding any proposed exchange transactions, the anticipated closing date of such transactions and future results following a closing of the transactions. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "pending", "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." While it is not possible to identify all factors, risks and uncertainties that might relate to, affect or arise from the proposed transactions and plans which might cause actual results to differ materially from expected results, such factors, risks and uncertainties include delays in completing the transactions, difficulties in integrating operations following the transactions, difficulties in manufacturing and delivering products, potential market rejection of products or services, increased competitive pressures, changes in general economic conditions, legislative and regulatory changes that adversely affect the business in which the parties are engaged, changes in the securities markets and other factors, risks and uncertainties disclosed from time to time in documents that the Company files with the SEC.
SCHAUMBURG, Ill., April 20, 2015 (GLOBE NEWSWIRE) -- Wellness Center USA, Inc. (WCUI), today reports that it has completed its second and final payment to JMJ Financial (JMJ) under the Note Termination Agreement previously announced on March 19, 2015. Accordingly, the Company's relationship with JMJ has ended and JMJ will no longer have any conversion rights into WCUI shares.
Pursuant to the Note Termination Agreement, JMJ had agreed to permit full repayment of the Note in the sum of $200,000 payable in two installments of $100,000 each on March 20, 2015, and on April 24, 2015, respectively. On March 19, 2015 the Company completed the first payment to JMJ in the amount of $100,000 and on April 17, 2015 the Company satisfied the second and final payment in the amount of $100,000, ahead of the April 24, 2015 due date.
"Now that Note conversions are behind us, we can continue building shareholder value without battling ongoing infusions of deeply discounted shares into our stock trading market," stated Andrew J Kandalepas, CEO and Chairman of WCUI. "With this accomplishment we will immediately eliminate any and all stock dilution related to Note conversions, drastically decrease potential cost of future capital, and will positively impact our financial picture with the removal of the loan obligation as well as restoring share value impairment caused by the derivative treatment of the Note," Kandalepas added.
About Wellness Center USA, Inc.
Wellness Center USA, Inc. (www.wellnesscenterusa.com) is a hybrid healthcare company that combines best in class technologies, software, devices, providers, protocols, goods, and services. It was created to address important healthcare and wellness needs via breakthrough solutions, all centered around the "well-being of the body and mind". Wellness Center USA, Inc. is the parent company of three businesses reporting consolidated: Stealth Mark, National Pain Centers, and Psoria-Shield.
Safe Harbor Statement:
Certain statements and projections contained in this presentation that are not statements or financial results of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements and projections include statements regarding any proposed exchange transactions, the anticipated closing date of such transactions and future results following a closing of the transactions. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "pending", "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may." While it is not possible to identify all factors, risks and uncertainties that might relate to, affect or arise from the proposed transactions and plans which might cause actual results to differ materially from expected results, such factors, risks and uncertainties include delays in completing the transactions, difficulties in integrating operations following the transactions, difficulties in manufacturing and delivering products, potential market rejection of products or services, increased competitive pressures, changes in general economic conditions, legislative and regulatory changes that adversely affect the business in which the parties are engaged, changes in the securities markets and other factors, risks and uncertainties disclosed from time to time in documents that the Company files with the SEC.
90% short today...that whole chunk of 200k is a short....down to 77....
87% short today....
98.51% short today.....interesting
Decent read, does explain and take out any objections of killer financing...blue sky's ahead...
More being shorted daily.... Long sellers gone.... Easy upside move.
I know exactly how...but we are beyond that now so no need to rehash...
Was not that debt converted to a cash payment with 50% of that payment made and the rest paid off this month?
Would agree they are covering.....
HAHAHAHA....like a star in the sky....nice....
I think you mean 225c(ents)
Yeah,someone's been trying to cover through them for awhile. Today's big offer blocker was through NITE...Just read through TMA's website to get an idea of what they do and can do, there's tons of stocks that ought to shorted, this one isn't among those....
Yeah,someone's been trying to cover through them for awhile. Today's big offer blocker was through NITE...Just read through TMA's website to get an idea of what they do and can do, there's tons of stocks that ought to shorted, this one isn't among those....
That seller was a short...stock has been increasingly shorted over the last few weeks, this upside pressure continues and with continued news......lovely....
YAWN,repeat,rinse, YAWN,repeat,rinse...has it only been 5 months!!!!!Sure seems longer.....your the best....
Heavy shorting also, a couple more big days of buying like friday and I think this thing explodes....
I would agree, this TMA group looks for real and that is a real plus for shareholders.....let's see some actual numbers and things should get interesting....
Anyone else notice the short interest rising......nice.
Acting like there is more to come doesn't it? Finally....
My sources tell me that it's MEGA. IMO I think it's a takeover. Where there's smoke there's fire....
Stock acting well, looks like all discount andy sellers out, medalliance looks real as rain....uptrend should continue...
HEHEHEHE.... Where be the wild mustang?????
.145 bid x 19 offer
I've got .1432x19
Thanks for your opinion. No one cares...
And when the offer buyers hit, it's gonna move quick.....
Heard it went great and stay tuned!!!!!
Whoever you said lost money on PRMO that is crying over here....
For shareholders interested in the website for the write-up...coffecupinvestor.com
not til he sells...
Just was going to let you know about this article myself, yes reads very well.....
Check out their website, not too shabby..themedalliance.com...been around awhile.....
Great post Cobra, I agree, TMA will be huge for this company.....
Go check the press....solid, looks like shorter's were thinking more conversions coming in, BUT THEY AREN'T.....could get very interesting...
I believe .167 is the 200 day moving average so a break through that number would be very beneficial...