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I can't find a ticker, PHZO.
Yes That is true.
Something changed since then. Something is different. Why go from owner to reseller after the CEO resigns and goes to BI?
I can't explain why the doors are still open.
The only thing keeping it going is the growing OS and sale of common stock. The meager revs of 120-130K over 8 years does not offset the 30+ million in losses.
I thought for sure that they would have solid Revs by now or at least announce projected revs vs actual sales. The perfect market landed in their lap and they had the perfect product for that telehealth market. I was a believer as you know. I had 30 million shares back when the OS was between 1.5-3 billion. It ping ponged between .0001 and .0002 for months as the OS increased to 10 billion.
In the perfect market for the perfect product, the CEO and other management bail out. Why would they do that? It makes about as much sense as wiping before you poop, LOL
It's now late Q3 and they announced that they are hoping to be restructured as a reseller of the Phzio product and give up ownership of the IP and Platform. WTF is that? They couldn't sell it as the alleged owner, LOL
It seems to me, CEO went to BI, IP and Platform go with him. EWLL hopes for some crumbs. Maybe I am wrong. Maybe not.
Yes I try to stay current. In my attempts to stay current, Phizo on Facebook, tells me that they are Phzio Canada, Not Ewll. They stated that they are not affiliated with Ewll in any way. They once had an agreement with Ewll but no more. They also claimed to own Phzio.com.
Another thing I find interesting is that there is no Web presence for BI. They are listed as a tech providing company. Every Tech company has an easy to find web presence. BI had some revs. 3 to 4 times the amount of ewll.
The only URL I could find for BI was attached to the Phzio app at the App store, https://appstores.co/app/1481225928/phzio.
Phzio
By Bistromatics Inc.
Category: Health & Fitness
Release Date: 2020-01-24
Current Version: 1.3.0
Adult Rating: 12+
File Size: 68.36 MB
Developer: Bistromatics Inc. (link to Phzio.com)
Compatibility: Requires iOS 12.0 or later.
All in all, this thing stinks and has flags everywhere. I hope you do well here with your free shares. I wish I stayed for the pop but made more elsewhere. GLTY
I hope so. GLTU!!
Fantastic if your average is .0001. Only thing that could kill that is a RS. I hope for a nice run for you!
It can also possibly mean ewll is trying to salvage any possible revs or income from Phzio. Darwin (CEO, dreamer, founder) left and went to BI. It may mean that the IP and Platform go with him as it was his project. Just speculation of course.
The "if completed" may mean just that, if this happens, this is the only chance at revs from the phzio platform. If not, we get nothing.
Of course, it may not mean any of that at all, LOL...
But if ewll held all of the IP and platform ownership why reduce yourself to a reseller or licence holder. Makes no sense to me. Typically, the owner makes licence agreements with others to market the product. Restructuring to a VAR is a demotion IMO. Perhaps, I just don't see it correctly. Looks to me to be a huge red flag on top of all the other red flags.
At this point, I do not know what is true, LOL.. I do know that management jumped ship and that there has been no news from Ewll since. It appears that Darwin is with BI now and they seem to be setting themselves up as the owners. Ewll is hoping to get a licence agreement for use and sales of the Phzio products while all IP and ownership go to BI. Something like that anyway. I would have to read the entire last 8K filing again..
"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"
There is no mention of Ewll or Phzio in that PR. What happened to the LOI and the deal they released a PR on? I get it deals fall through and it was one of the worst deals I have ever seen. I am glad it didn't happen. Still why the fluff PRs by LRDG and EWLL?
Yes, I remember the transactions. It wasn't an everyday occurrence. It did happen. I believe it was notes being converted below market price. I could be wrong.
If they don't release some news with some meat to it and some strong rev numbers, .0001 is exactly where it will go. It will likely ping pong between .0002 and .0003 for a little longer and then ping pong between .0001 and .0002 like it did from May to August. The only thing in writing that has changed is the OS. They had just over 100K in Revs. That was their best quarter ever. Also in that quarter, management left Ewll including the founder of the Phzio platform. Phizo Canada is also an independent company with no relation to EWLL according to them and they claim to own phzio.com. Something is going on for sure. Can go either way here. Good or Bad. The radio silence is not helping.
I don't recall that. I had trouble getting filled at .0001. I got some at .0001, more at .00015 and some at .0002 back then. My average back then was .00019.
They were likely notes being executed. Some of the terms on the notes are to be filled below market price. I posted that in the past. The general public can not put an order in with a limit below .0001. There is a slim chance that someone's order at .0001 got filled below that.
You never know, LOL... Looks like you miss me...LOL
Thanks
Hi, Does anyone know when the UK meeting takes place?
LOL.. Where is this?
Yes some good wine, paper thin garlic, some good plum tomatoes (San Marzano, Roma), some good aged Parmigiano-Reggiano and some quality Extra Virgin olive oil is what we need here. No point trying to fix it with salt or Sugar, LOL
I do love a good sauce!! I should have mentioned she is also Italian, LOL... Her and her Family, especially her father make the best sauces (gravy to be correct) that I have ever had. It has ruined going out to eat at Italian restaurants with the exception of when we were in Italy, LOL. I have also learned a whole new way of cooking and I love to do it as well.
Well with the sauce analogy, This one has been simmering far too long. It's almost reduced to a burned pan. Need to either add some wine to the pot or turn it off... LOL
You know me Spider. You are aware I am crazy right, LOL... It is a morbid curiosity for me at this point. I haven't completely ruled out another pop and you never know, I might dip my toe if the water drops to .0001 again. GLTY,
Thanks. I wouldn't say my research was strong. I would say it was easy DD to do. The information is out there for everyone to get. We all interpret it in our own way. I chose to bail a few months ago. That decision was right for me based on what I knew at the time. I got out unhurt. However, I did miss the pop a few weeks ago. If I stayed in, I would have sold all then. I still hope that there is success here for the people holding shares. It doesn't seem as much has changed here with the exception of the OS. LOL..
I can tell you first hand that Psychologists are using Telehealth. My wife is a Psychologist. He practice is 100% telehealth. However, Zoom met the need for her and her practice. She was able to subscribe to a secure platform/group catered for Psychologists. This platform was made available by Zoom for them. I don't know all of the details of the Zoom agreement/platform with them but they are using it. Infact, she is likely to end her office space lease and just do it remotely.
My point is: There is a need for telehealth even for Physical Therapy. Initial visits, monitoring, range of movement measurement, status, coaching and direction. It will never replace the need for all in-office visits but it's not intended to. There is a big market for this. I always believed in the Phzio platform as well. However, there are other Platforms already out their with competent sales teams and management. They had a golden opportunity here. The perfect market landed in their lap. In my humble opinion they blew the opportunity. I can be wrong about this and I hope I am.
Anyway, to my old friends GLTY and you can save the case study jokes, LOL.. I am aware, I have my own personal and needed psychotherapist, LOL... The meds have been reduced considerably thanks to her, LOL.. Or is it I need them BC of her.. LOL.. Hard to tell sometimes..
https://insiderfinancial.com/cytodyns-otcmkts-cydy-strong-safety-data-in-mild-to-moderate-smokes-gilead-nasdaq-gild-crushes-endpoint-leading-to-the-first-potential-covid-19-approval/180185/
Probably already posted but thought I would post anyway.
I have no idea what pushed it to .0017. Apparently ewll doesn't either. They said so in the 8K. The float update date is always behind the OS update date is my only observation.
OK GLTY
The MMs will not bring this to .01 next week. There needs to be some sort of catalyst or massive revs to move the 10,780,239,451 OS as of 9/1/2020 and a 4,498,366,225 float as of 08/24/2020 to .01. You realize that the OS has increased over 8 billion since April 2020 give or take? I am not sure the float is accurate either.
What could possibly happen next week to bring this to .01?
Flushed!
Perhaps I missed something. What is the point of this?
I am aware of all of that and all of their history. I would never expect contracts, details, proprietary information to be posted. I would expect: actual sales, projected sales vs revs and projected revs. I would also expect pricing information to be shared and possible revs from those fees and pricing.
Truth is the agreements were they can use the platform not they purchased licenses or created accounts. Big difference.
Additionally, they have not ever generated substantial revs as ewll for 8 years. Q2 was there best quarter and they brought in 120k. Why so little in the covid, social distancing works of teleheath.
I believe in their product, I don’t believe any longer that they know how to sell it. BI might. But they do not.
"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."
Key words: If completed/will likely.
Question of the day: Why transfer marketing and IP rights for the PHZIO and MSK360 platforms from EWLL to Bistromatics and in return 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.
It just doesn't add up. My guess is Darwin is the actual owner of the IP and EWLL is trying to retain a piece of the pie now that Darwin left and is a principle of BI. It also may explain not describing the top secret/small service fee they might get.
Could also be they have no operating capital and BI does. I don't know.
If they actually owned it, the licence agreement would be the other way around IMO.
The ewellness site used to redirect to the phizo site for the phzio platform sign up and use. It also always had the same about section if I remember correctly with the same faces. Now, Phzio Canada says it's their site and they have no affiliation with Ewll. They blocked me when I inquired about the about page and the officers being part of phzio. I just find that strange.
Phzio was Darwin Fogt's dream. He resigned from ewll as CEO and went to Bistro. My guess and I could be wrong is that the development/intellectual property belongs to Darwin.
Perhaps, they all are still officers of Phzio. But they will neither confirm nor deny it.
Perhaps my old friends are correct with their interpretations of the business side of things. I hope they are.
Werd,
We have never seen the agreements and the filings never said that these big companies were using the platform. The filings only said that they have agreements that the companies can use the platform. The filings also incorrectly stated that they expect revs from the past agreements in Q1 2020. Is that the few thousand they received?
There is a non-explicit agreement with all of the people in the USA and Canada that they can use the platform. That is my only point.
Thanks, same here! GLTY
That would be fantastic! Can you share how you know?
I hope Phzio is making money. I have always believed in the product offering. I just hope that some of the money comes to the shareholders. If ewll is dissolved and merged into Phzio they are no longer a public company, unless they keep it as a shell or phzio goes public. Hopefully the common shareholders won't get screwed in a reverse merger here.
I hope you and Spider are right. I agree things change. Something has definitely changed over the last few weeks. I also believe that you can't always believe print and sometimes sites are not current, correct or updated.
I hope that you and Spider are correct. Yes, I bailed before the pop and broke even, my mistake. I didn't like the writing on the wall at that time and we discussed. We all did.
As I said, something changed. I hope the change benefits you, spider, sherman, pink, afterhours, ven, csterner, nad, weldman, even bionic and the rest that I didn't mention.
You never know, I may roll the dice again here but not today.
Here is the confusing part. Phzio Canada claims that Phzio.com is their website. They also claim that they used to have a working agreement with ewll but no longer do. They also claim that they are an independent company and are not affiliated with ewll. Isn't it possible that the about section of phzio.com listing the staff/officers hasn't been updated yet?
I asked these questions as follow ups to my correspondence with phzio Canada but they haven't replied. I asked the same questions to Darwin, David and their attorney and they haven't replied either. Infact, I am now blocked from asking Phzio Canada questions on FB messenger and apparently they also blocked my email on twitter. I never reached out to them on twitter or on their public facing sites.
I agree that something is going on. I just hope that it is in your favor.
Right it never happened. It was pumped by both EWLL and LRDG in PRs, LOI and filed with SEC. They both used it in a feeble attempt to generate interest in their PPSs. It even went as far to make claims that an independent accounting firm valued ewll/phzio at 150 million at the time. Keep in mind the valuation or name of the company was never shared. They talked about 2 legs of financing. The first leg had a date of 5/15 if I remember correctly. It was pure BS. LRDG had no money, No revs, just did a 1-100K RS and the only way for LRDG to finance EWLL was to dilute with notes to generate the income. They do share the same Attorney and there may be some other links between the two companies. The deal had BS written all over it from inception. I questioned it back then too. Its a good thing that EWLL never received money from LRDG. Especially, as they are currently suspended at the moment. Then shortly after, Ewlls management resigned and so did some of the LRDG management. This just stinks. Now Ewll hasn't released a pr in months, ewll receives small usage fees (top secret), Phzio canada severed ties with ewll and claims they own the phzio.com site and the ewellness.com is suspended. Something strange is going on. Maybe you are right, it's something big. I hope that it is something big on the positive side.
Things may have changed since, May 06, 2019...