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For The Price ...
of a worn-out used car, Graham could buy ALL the outstanding shares and take BEDA private ... LOL LOL LOL
Somebody lend that man a shovel while he can still afford a sack of dirt to bury this POS with ... he already has a hole dug that's the size of Texas!
What in the world? ...
This stock did just as warned, didn't it?
Warned .. over .. & over .. & over .. & over.
WOW! Did some folks get hosed, or what?
Posted by: encercler0 Date: Monday, June 14, 2010 10:26:35 AM
In reply to: SpaceCityRocks who wrote msg# 36704 Post # of 36776
"With Fridays closing price vs the issued number of shares"
How many shares? do you know the numbers for fact or just guessing this?
---------------------------------------------------------------------------------
..........I don't need to know an exact share count ..... it was trading at .0003 before the TMH pump and was .0004 last Fridays close ...... TMH wasn't a 'freebie' acquisition ..... this sinking ship called BEDA gave up a boatload of shares to acquire the great 'lifeline' called TMH ..... thus it is worth less (worthless) ..... and BESIDES, the PPS now shows that a fresh set of bagholders have been created and the 'House of Morgan' isn't supporting the 'xerox machine in a rusty old van' concept going forward as a viable business model for the imaging industry. PERIOD.
Money left with Graham is money he's already blown .... the man is a disaster at business.
Interesting data about your BEDA investment ...
Personally, I think Graham should start over and make his first order-of-business something that includes a noose.
-------------------------------
Fiscal Year
Fiscal Year Ends: Dec 31
Most Recent Quarter (mrq): Mar 31, 2010
Profitability
Profit Margin (ttm): -60.67%
Operating Margin (ttm): -61.56%
Management Effectiveness
Return on Assets (ttm): -25.90%
Return on Equity (ttm): N/A
Income Statement
Revenue (ttm): 370.03K
Revenue Per Share (ttm): N/A
Qtrly Revenue Growth (yoy): -87.40%
Gross Profit (ttm): N/A
EBITDA (ttm): N/A
Net Income Avl to Common (ttm): -224.51K
Diluted EPS (ttm): N/A
Qtrly Earnings Growth (yoy): N/A
Balance Sheet
Total Cash (mrq): 11.89K
Total Cash Per Share (mrq): N/A
Total Debt (mrq): 309.02K
----------------------------------------
FACT:
The PPS was .0003 before the BIG pump about the TMH acquisition.
FACT:
TMH was purchased by issuing stock.
FACT:
With Fridays closing price vs the issued number of shares, BEDA is worth less (and worthless) than before this 'latest' great move.
After the junk you spewed my way when I warned this board ... let me simply say ... whatever!
SKooL ...
I have had countless conversations with many, many, many BEDA investors who are sitting on BEDA shares that are much more worthless than your.
You say, How can that be? ...
Because they own thousands of shares that used to be millions of shares.
Could ANOTHER reverse split be coming?
Re-read my past posts, or try to get the board moderator to own-up to what kind of ride Graham took him on.
Graham didn't by chance mention how many millions & millions & millions of shares it cost to acquire this nothing of a company called TMH, did he?
I'd bet O/S went up by 30% or more.
I know I wouldn't have given him my old van & a zerox machine for only 1/3 of his company.
Bill,
In reference to mobile imaging, you wrote:
"it's the same idea as people have the option to shop at home but here they have the option to get their heart scan at home instead of going to the hospital for a minor scan"
Don't mean to burst a bubble here, but it is ludacris to think that these vans run around to peoples homes!
Doesn't happen, no way, never will!
It is so totally cost-prohibitive to even imagine running a mobile diagnostics business like the 'milkman' of your great-grandmas day.
They don't show up at your front door with choices like butter, eggs and glass bottles of heavy cream.
The actual concept is to have a particular doctor reserve a morning or afternoon time slot, once or twice a week, whereby the mobile service shows up to perform previously scheduled imaging.
Again, what makes the concept more dicey as time goes on is the fact that some of the imaging equipment is getting real, real cheap.
IH Admin [Shelly]
Please enlighten me as to why post #24391 on the BEDA message board was removed.
As it seems whenever a certain assistant is around (and no names need mentioning) who doesn't like the facts from one of my posts, that post gets removed.
As I suspect the motive is one of misleading other IHub users for personal gain, I request a review be instigated and THAT assistants privileges as a moderator be revoked for the BEDA board and all other boards.
Thank you in advance and please let me know why, what & whatever associated with the decision, or, if not, let me know who at IHub has the authority to continue with this matter.
Let's see ....
if every shareholder sold ALL their stock at todays price & just GAVE BEDA the money, then BEDA could pay the $600,000 dollar judgement Chase Bank was awarded last year and BEDA would still have enough left over to buy each SHer something off the dollar menu at McDonalds ...
of course they'd still owe everybody else they shafted last year, so you'd better plan on splitting that cheeseburger with a fellow SHer.
Heck, they may have paid some of that judgement by now ... lord knows, all their money must have gone somewhere because I sure don't see any real war-chest here.
Mick,
You wrote:
"Not typical from a company with revenue like BEDA. No reason for them to ruin what they've built over the years."
What revenue?
Lumar Imaging is closed.
Reliant Medical is closed.
Diagnos is not a big winner.
BEDA is what? doing a little billing? for who? Basic Solutions?
BEDA (Graham) is a failure, not only has he ruined what little HE built over the past THREE decades, but he has ruined what OTHERS built and BEDA acquired also.
Z-Man,
You said:
"They are not diluting now! If you can show proof, show!"
They aren't adding to the 'float', YET!
But they're certainly diluting, big time.
How so?
Well, a goodly amount of the A/S are going to become O/S in order for this acquisition to happen because there isn't ANY money available to change hands.
Even with a nothing business like TMH/Basic Solutions, their owners can hold Graham at gunpoint for a massive amount of shares
They KNOW he is desperate ... real desperate.
At this point, it is all smoke-n-mirrors on Graham's part.
Acquisition or BK ...
BK or acquisition ...
there's no turning back.
Much ado about nothing ...
Folks rattling on and on about this naked-short, that MM, massive moves, volume this, failed-to-deliver that ... whatever!
The whole markets total potential profits from this POS being flipped back and forth daily - even with 50-60-70 MILLION shares changing hands - is never much more than $5-10K (usually closer to $5K).
The highly traded REAL stocks let individual traders see that kind of swings/money every 10-15 minutes.
Think about it for a second and you'd realize that you are putting WAY to much time, thought, hopes and dreams in BEDA.
So much effort here for such a little market joke of a company.
The SEC doesn't give a hoot about who does what to this butt-pimple of a gnat company, or its stock.
But it's NOT illegal to withhold information such as "we closed our clinic AND imaging center" ... which BEDA did for over one week last November.
I guess they needed time to let their friend & family sell before the big drop in PPS that the news ultimately created.
Sad part about it was ... BEDA probably would have kept that development under wraps much longer had a SHer not accidently discovered it and blew the whistle.
OK Amigo,
This one really IS funny:
"We are here to watch BEDA achieve success in their future business plans"
Graham is a ten-time loser (decades & decades worth).
So, Amigo, unless you have some magical beans for the boy, his stalk is going to stay wet-noodle limp.
Nothing but wilt.
Speaking of wilt, and since we ARE in basketball season, let me make another analogy ... hoping in Graham is like hoping a four-year-old can dunk.
Not even Wilt, my man ... not even Wilt.
Of course, the story that's been told is that Wilts stalk was NEVER down.
If you don't believe me, just ask Wilt.
empire,
So, what's your best guess as to the percentage of present SHers who are in this for a flip?
50%?
60%?
70%?
80%?
Can't be much more than 80% because there are soooo many people who are stuck with perceivably worthless shares from before the reverse 1:400 split (folks who will sell as their needs for a write-off dictate).
So, conservatively, let's say 30% of the new SHers have bought into the manure Graham is spreading and plan to risk what they can lose and hold long.
That leaves half looking to dump on the pop.
Assuming the MMs don't decide to fry everybody, with 50% of the players jumping ship, it could get dicey.
All I know is it isn't going to be me getting burned.
My time with BEDA couldn't go negative unless I stroke Graham a big enough check for him to start his imaginary buy-back.
GLTA
3d,
The pop is coming, but don't kid yourself into thinking you have discovered sliced bread with BEDAs incompetent management just because MURF is setting up a tent to hang out for the holiday.
There are soooooo many people looking to lock their loads, this is going to be an interesting run, both up & back.
A year from now, anybody holding this will be dealing with a whole new set of PRs, acquisitions and future fellow SHers, but they'll also be sitting with stock in the .0003 - .0006 PPS range.
I'd actually love to be proven wrong.
Graham just doesn't have the talent to do that.
Actually Fink,
My main investment (probably 70%) is in APWR which I transferred most of my funds into about 1 year ago.
I hold an ever increasing core of APWR that I trade options around.
It's an amazing emerging company run by a freaking genius.
The moves Mr Lu is making have APWR heading towards becoming the next GE.
Fortunately for me, but unfortunate for some, the stock is still in its infancy, and the Chinease aren't as transparent as Americans would like, so the DD is constant and the stock is so volatile that profit opportunities are bizarre.
So with my main play under control over at APWR, I do have time to spend elsewhere.
Since most of my other stocks are high speculation and getting hammered beyond belief (not even worth discussing) I'm here, influencing my position as best I can.
But, rest assured that the info I am sharing is as truthful as I can verify.
Whether it has the effect that YOU perceive are my intentions is irrelevant, so long as it has the effect I need it to.
Let me take a second to address the Scotturd & NITE comment you made.
Since they have the same founder, what effectively happens when, say, NITE is the MM on a stock that Scottrade puts a 'no buy' designation on?
SHers in that issue, who use Scotturd, are stuck holding, can only sell to NITE/Scotturd, can't average down if the stock falls, and are in a position where a good percentage of the market players (everybody trading through Scotturd) has no way to support their investment.
At that point you have a MM who can run your investment into the ground and you are defenseless.
NITE is a bunch of snakes and Scotturd is their enabler in the situation you described.
Just look what that very scenerio did to BIEL this past 6-months!
NITE is the MM, Scotturd put on the 'no buy', then, uncharastically of ANY stock on ANY market, BIEL went down every week - except two or three time - for SIX MONTHS STRAIGHT!!
All that during a time when BIEL is finally launching their products to the world ... not your normal response to finally marketing goods.
Wonder how well NITE did in that war?
Conservative?
More like RUTHLESS!
3d,
My eyes are open as to the momo here.
I've been associated with this stock for some time, longer than 95% of the posters here.
It's a terrible LONG (1yr+) IMHO.
Could Graham & Herb prove me wrong? They are dang sure going to try to.
I will admit that I have seen total scam companies before and BEDA is not that as they have had business locales operational.
I suppose Graham tries, but he just isn't successful in the least.
So I have zero faith that he can make BEDA amount to much more than a bucket of spit.
In reality, the float is the story here & BEDA jacked a whole series of SHers over at the very end of '08 to accomplish an extremely low float.
One which they have increased substantially over the past year, to what I believe is managements personal gain.
And now they are right back at it.
A blatant exaggeration for a new group of open-pockets.
Just take a read of last years PRs.
Very effective and oh so timely.
But most are just this side of fiction, not so much in what they say, more-so in the size of what they imply.
Reading through them, one would be led to believe that BEDA is actually getting substantially more from their deals than is the actual case.
Reality is Like BEDA itself, this is all very small potatoes.
Admittedly, the pump is primed and if Grahams play can make the PPS do a little of what it did last summer, than a good flip will be had from it.
But LONG?
No freaking way.
And I will continue to let folks know that the exaggerations they are buying into are ultimately a trap.
Mikie,
Honestly, don't be paranoid, as I've never met Patch & don't know him from Adam.
He is approaching his debunking this stock play from a completely different side of the story.
I live in Houston, have driven to all the addresses listed in YellowPages.com, taken & posted pictures proving proper business addresses don't exist ... completely different DD than Patch (although he is starting to overlap some of the territory I have covered).
I've been banging the drum on BEDA long before I came here .. on other boards ... this is just to big of an audience to let Graham have without the other side of the pillow.
The man is an absolute 'Tom Clancey' with his PRs, he's even already planted the seeds for his next pump (Home Health).
The play hasn't changed, only the pockets he is trying to dig into.
Flip it if you must, but don't cry if you get nailed.
One thing for sure, IMHO this is not a LONG.
fgrimes,
The reason there is no discussion about what products or services they have and what they are worth now or in the future , as well as the potential of the pending acquisition, is because BEDA doesn't have crap going for it now & the TMH deal is a last ditch effort by Graham to save his PPS (I expect it is so he can ultimately dump shares into a higher PPS - it happened ALL last year).
Why doesn't BEDA have anything going?
Well, the highly touted Lumar Imaging is closed now.
The physical address where Lumar was located is also where BEDA hung the 'open for business' shingle of its much touted Reliant Clinic - which was a big item in PRs last year (stating full-capacity & record revenues).
Reliant closed when Lumar did.
BEDA is a joke, but the play they are making NOW is, IMHO, outlined in the post linked below:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47748557
This is a real fishy company.
Actually, living in Houston, I've driven over to Diagnos Inc. before and it appears to be the only thing BEDA actually has that is open for business.
Don't know where the 'pet supply' connection came from.
This is an imaging center.
As far as the TA's phone ringing over there, I know I posted that info somewhere once.
Seems, as I recall (and correct me if you have proof otherwise). that Diagnos was owned by Graham or his Dad before BEDA acquired it.
Also, I seem to remember his Dad was located in town where the TA's P.O.Box is.
Anyways, it isn't hard to understand how I have a healthy suspicion about BEDA, Graham, Herb et al.
TOOOOOOOOOOO MANY WTFs?
And besides Graham bites as a businessman.
What is it? ... three decades and BEDA probably doesn't have the cash to buy its stockholders lunch at McDonalds ... not to mention all the previous monetary obligations they have conveniently ignored.
MURF is the 'pump'.
It'll be interesting to see who gets nailed on the 'dump'.
BEDA is NOT buying shares. NOPE. ZILCH. NADA. NO MONEY. PERIOD.
The acquisition has to be all shares, the buyback is a pipe dream accomplished with future earnings.
BEDA is so far in the red it's critical that the market believe this acquisition is something special.
Otherwise, Graham doesn't buy enough time to try and pull this company out of the dumpster.
If the acquisition news is already baked into the PPS, and we get a dump on the news, Lord help the folks on this board.
Slyder & no_ur_stox,
Slyder, now you are getting to the core of what we have to work with here.
If you have verified that a business model using mobile imaging is 'printing money' in the Northeast, then it is easy to assume that Basic Solutions would be doing the same thing down on the Texas Coastal Plains, right?
So, what would the motivation be for TNH (Basic Solutions) to get in bed with a loser like Graham?
Here is the scenario:
~National Health Database comes to fruition.
~Requirements emerge that mandate all functions associated with records be generated from a turn-key operation.
~In the case of mobile imaging, a single entity has to become responsible for the whole process (taking the scan, having it read, billing & collecting for the procedure, processing & storing the record to the National Database in a secure fashion, etc).
Does the mom-n-pop mobile services you spoke of go away?
Who picks up the slack/responsibility?
BEDA has expertise in the billing & collection - dealing with the various insurance providers & government health agencies.
Texas Mobile Health & Basic Solutions were founded by an amazing woman, Chelette Baker.
Honored multiple times throughout her life for humanitarian efforts and pioneering accomplishments.
Although it slipped from its glory days, with her son, Kevin Baker, presently at the helm acting as the nuts-n-bolts that make the remnants of Chelettes empire continue to run (and grow), they are but another of the mom-n-pop mobile imaging services that you mentioned.
Given an avenue to pull all the requirements together and operate under the coming guidelines of the National Health Database, it seems Basic Solutions is willing to look beyond Grahams multitude of past failures for a chance to hook-up with a billing company (BEDA) to take run at their piece of what could become BIG TIME.
My problem is, I don't trust Grahams abilities to bring the neccessary elements to the table to make this happen in a grand enough manner.
In my mind, he has burned too many bridges in the industry.
But the stock is in-play for a flip, if only it can be gotten for a bit lower PPS.
Slyder,
I know the business quit well.
Actually, motives dictate my statements.
Still, tell me where the 'assets' are deployed.
As this technology has advanced rapidly in recent years, it would be nice to peek at the models and age of their equipment.
Old, old machines & vans wouldn't make a real positive statement towards this acquisitions presence in this field.
But, having spoken with the gentleman who is at the helm of Basic Solutions (the only thing TMH has of any value), I assure you this acquisition is mainly about his talents.
Looking at the shambles they find themselves in, BEDA has a very desperate need for the PRs associated with this deal.
Unfortunately, the only substance here is one guys dedication to his elderly Mother.
If it weren't for the fact that Graham is such a miserable and repetitive business failure, this might be a HOT LONG.
retireme,
One question, please.
Are you going to hold straight through until 2011, 2012, maybe beyond, or are you looking for a PR, pop and quick exit?
I'm looking to guage your trust in Graham, and your knowledge of the saturated, archaic, played-out imaging business that is the supposed foundation of this acquisition and BEDAs future.
MMouse,
You asked ...
Give me a reason why acquiring another organization for its revenue is a bad investment?
How about when the company you are acquiring hasn't had a shingle hanging on any door forever now that says 'Open For Business.'
I live in Houston.
Tell me where I can go to view the physical assets BEDA is acquiring.
Tell me one office or clinic around this much touted Texas Medical Center where I can see TMH or Basic Solutions mobile services in action. Just name a place & time, I'll make myself available.
Whatever!
The Fierce & The Fabulous ...
Looking for a dynamic CEO that will absolutely cater to your needs?
Look no further, Graham has a PR written just for you.
Looking for a hot stock that won't be confused with a potentially profitable business?
Look no further, BEDA doesn't generate results, but sheeple love it.
Looking for a creative excuse for years of failure?
Look no further, Graham has penned fiction for years.
Looking for a crisis which presents unique opportunities?
Look no further, BEDA is desperate & in-play for those willing to ignore the obvious.
Looking for creative excess?
Look no further, it's Graham's tenth turn to shine.
Looking for that investment opportunity which is truly 'to good to be true?'
Look no further, Beda is the place for people to become billionaires.
Looking for a message board dedicated to raising awareness about a shifty company and poor management?
Look no further, just sift through the charlatans & zombies here, then you won't get burned.
metalhead?
Wasn't it you who posted this just a week or so ago?
"What does this company do?"
Please, as I am sure you'd never invest without a good idea as to what you are getting yourself involved in, enlighten the board with your DD.
I'd love for you to answer your own question, and I promise not to point out the obvious by calling you an idiot.
Blade,
It just goes to show that people see what they want to see and can be made to believe whatever somebody cares to have them believe.
Luckily, you have passed the kool-aid test.
Somebody posted that Graham stated he had no male employees at Kirby Rd.
Why would Graham lie?
Again, see what you wish and drink up.
BEDA is not a going concern.
Graham is not a successful businessman.
If he had any honor, he'd practice sepuku.
No reference needed as to who the original posters were, but here is some items from the past from this board (posted by TRUE LONGS):
~posted 11/21/08
You see? Many here believe that your defense of this company at this point and past promoting means that you knew something was up. I think you didn;t know of the increase (in A/S) and just got played by Williams et al.
You should be SEETHING mad at Williams for pulling this stunt and you should be publically defending the SHAREHOLDERS and not ignoring ANYONE!
~posted 11/21/08
You are right... none of this is any of your business... just know that I loaned the company money to prevent a death spiral at that time...
~posted 11/21/08
A word of warning. If you havent gotten any money back yet and are owed it...DO IT NOW!! Do not wait. I know this from experience. Sue, beg, whatever it is you have to do I am telling you to start collecting before it is too late.
~posted 12/11/08
pointed out that since I loaned the company, it is a conflict of interest for me to post on here with updates or whatever because I'm like an insider... even though I don't get any insider info and I'm just basically a much larger shareholder...
AND
Just how was this now silent SHer repaid?
With a reverse 1:400
~posted 12/30/08
I really hope there's a change in financing in the new year... 504's are the only option when you're trading at 0.0002... Just my guess, but i think that was the reason for the split. More options arise when it is a tighter float with a higher pps. I hope 504's aren't in the new year.
AND
One year after this huge slam & after much, much, much more dilution and con games galore supported by glowing PRs, what was the beloved BEDA trading at?
Answer:
early January this year
.0003 or .0004
BEDA is always just one day away.
BEDA is always one deal from good.
BEDA is always one dollar short.
BEDA is always cooking up a new PR.
BEDA is a failure!
Graham is a failure!
LONGS UNITE!
Go BEDA!
LOL
Re-read my initial post.
Not once did I say that I was a former employee.
I can see where the misunderstanding originated, but it says 'those among us' which could easily mean a friend, girl friend or relative of mine.
My DD on TMH and Basic Solutions is the real story.
Nobody can point you to an address where any substantial assets that are to be acquired can be viewed. Nobody. Period.
This stock is a flip at best and I may have done that 10 or 15 times since my first post here, and I may have done it zero times.
Doesn't matter.
It is unbelievable that there are posts on this message board that display a pattern of BEDA burning people who trusted in Graham as a businessman. Posts dating back to a year and a half ago.
None of that seems to matter as long as there is the promise of another well-timed PR.
Just dig back far enough and you'll know Graham has taken some gamblers for a real ride.
It's not magic on BEDAs part, just slight-of-hand.
This company is hurting, has messed over SHers in the past, has messed over suppliers, has messed over their imaging clients, has messed over the people who gave them credit on various fronts.
But now BEDA is somehow the new rocket ship for a long term hold?
The source of all future riches?
Get real, you could have bought the whole float for under $135K several weeks back.
The real value here is the pump the kool-aid drinkers are putting on.
Some folks are going to get caught as the one who didn't get out before the light bill went unpaid.
Good luck with that one.
OK I get it ...
If it isn't all pump, it falls on deaf ears.
Do the board a favor and ask Graham if BEDA or any of its susidiraries has any judgements against them.
Ask if there are any equipment contracts that went unpaid.
Ask if they missed any bank payments.
Ask why they are basically broke.
Ask if TMH has a conventional business address ... you know, a building with a striped lot, reception area, desks, phones ... and a residetial street with a porch swing doesn't qualify.
Ask if Basic Solutions has a conventional business address.
The TMH acquisiton is all stock, which should give a clue as to the condition of THAT company.
The share buyback only happens (per their words) via an individual investor (that they can con which is very possible ... they found one on this board about a year and a half ago) or with future profits because there are no current profits, right?
IMHO, Graham is a total failure.
Desperate.
Loser.
Ask him to list his accomplishments ... and kissing his partner doesn't count.
After reviewing his over~blown PRs, I have to say the boy missed his calling, he should have been a fiction author.
Where is the Texas Attorney General when you need him?
Everybody is looking to bail on this stock, just one good pop, right?
LOL
I may be wrong, but it is my understanding that BEDAs TA doesn't handle any other stocks.
Strange?
Me thinks so.
Naked Short by the MM?
Yep, just by the nature of what they do.
They are required to keep the security trading if the market will have it.
Regardless of the imbalances between supply & demand, the MM has some clock time to work their magic and profits.
They don't provide their exposure for free and they are allowed to manipulate the positions that are forced upon them into profits.
So, sure, they do it, profit from it, over and over and over again.
NITE owns the canister the kool-aid is poured from and add sugar at will.
Really, if it tastes like chicken, the rooster is getting himself a little something-something on the side.
Janks,
If you want to be a long on BEDA, then you HAVE to believe in the acquisition. PERIOD.
At this point in time, TMH is nothing more than a holding company for Basic Solutions.
Basic Solutions was founded by the same old gal that has TMH.
Is Basic Solutions, who are in the business of mobile imaging, worth anything?
Well, they are (self-admittedly) run from the homes of their operatives who, apparently service their clients daily and don't return the vehicles to a central lot nightly.
I really don't think Basic Solutions has any presence to speak of in Houston proper. Maybe in the outlying area, but not around the Texas Medical Center ... that just wouldn't make any sense.
How much money worth of physical assets (equipment & vans) Basic Solutions brings to the table is unclear, but I don't think it is much and it certainly isn't as important as the opportunity for BEDA to look like they are doing SOMETHING positive by making an acquisition.
The value of these PRs is obviously reflected in the PPS rise over the past two months.
Now, how should we evaluate the DEAL?
Who brings what to the table that might make BEDA a going concern?
In my opinion, BEDAs goodwill is shot after abandoning their client by shuttering the Kirby Rd facility.
As ultra-sound equipment has become very affordable, the whole concept of Basic Solutions may or may not be solid going forward.
Seems any doctor or clinic that chose to could easily afford to open another profit center by setting up an imaging room.
But, like in all businesses, the competence of the operator is critical in the profitability of the company, with the business of imaging services being no exception.
While anybody can get ultra-sound training for the equivalent of about 30 or 40 hours (?) of college credit, I DO believe that the gentleman spearheading Basic Solutions operations comes across as being very knowledgeable and a gifted trainer, which bodes well for expansion should it turn out that their business concept is still viable.
Do I think trusting my money long term the businessman Graham is wise?
NO WAY!
With decades worth of track records to back up my opinion, I declare him a total failure.
The only wild-card in this whole equation is, if the mobile imaging business is viable, there aren't any massive players.
Certainly no national presence out there.
AND with the new legislative direction towards a National Database for Health Care, I suspect that all procedures and billing will be mandated to originate from single sources ... ie: the imaging, reading, and all compensation filings will need to be handled 'in-house' by a single entity (corporation) who is ultimately responsible for the database reporting, record accuracy, and record security.
Now, supposedly BRDA has the re-pore and expertise to navigate the insurance and government program billing requirements.
So, as the new laws enact and tighter restrictions become mandated, the gypsy mobile imaging services should fall by the wayside allowing for a big dog to emerge.
The only questions you need to ask yourself is:
Do I believe there will be a need for this type of service going forward?
And
If so, do I trust BEDA to pull it off?
Even if the business is a small percentage of what is available in the imaging sector, a well-run, national presence would be huge.
But, if it is the next 'sliced bread', why aren't the REALLY BIG DOGS already on it?
Personally, I have no faith in Graham & Herb to pull this together.
Given a different set of partners, I do believe Basic Solutions might have a chance to do big things.
mdz52,
You said:
I told him that with a pink sheet stock the price movement is more based on news than on actual earnings, to which he agreed. Because of this I said that it was important for building share price to be very strategic in the timing of PR's and news to which he also agreed and stated that they do have a strategic plan for releasing news and PR's.
Congrats, written like a true co-conspirator.
Graham is a master at the timely PR.
Manufactured NEWS is all he has to go forward on.
No track record of success, no earnings, no goodwill.
Did he offer to show you his collection of smoke-n-mirrors, also?
Obviously, a lousy businessman with decades of practice at slight-of-hand.
A true Houdini on dope who may escape the BK courts with the help of co-conspirators & kool-aid kids.
avarice99,
As in any horse race, some participants do where blinders ... as your post indicates.
I would like to see your DD, if you don't mind.
The link DOES show pictures of the no-longer-active and previous location of TMH.
As stated before, the drive-thru Psychic just up the block from there has a much bigger presence than TMH in Seabrook, as does the local pan-handling bum ... at least you know he is working at something.
BEDA ... decades in business and nothing to show for it, suspicious PRs and owners lining their pockets. My DD stands on it's own!
What if their clients (referring doctors) need the imaging records from BEDAs clinic purported in ibox as being adjacent to the Texas Medical Center?
http://www.flickr.com/photos/47001862@N07/4312375988/
Lots of goodwill left in BEDA, right?
I'd immediately return to doing business with them if they had a van that could show up at my office or clinic ... give me a break!
Flip, but don't get caught.
dewdetected,
The Texas Mobile Health address listed on Yellowpages.com (1908 Hialeah Dr in Seabrook) is NOT a good address.
It is, in fact, home to Alpha Montessori School & Minks Furniture.
Call them both, they'll tell you TMH hasn't been there forever now.
TMH is truly run from the old lady's home who owns it.
I'll lay any amount of money down on a bet that this company isn't at a proper business location. PERIOD.
Personally, I think that it hasn't done a lick of business in years and challenge anybody to prove me wrong.
As of the last time I checked (mid Feb) it wasn't even in good standing with the State.
TMH looks to be a corporation strictly on paper whose present purpose, IMHO, is to be used by BEDA to enhance their own air-shares.
Good luck with the flip because if you intend to be LONG in BEDA, you better buy a back-up shirt.
This link was posted back in January, see for yourself:
http://www.flickr.com/photos/47001862@N07