Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Is Whsi/MDHI really at .02??????? WOW!!!!! Here comes sub pennies again
WHSI/MDHI Quarterly and Annual Reports always make me shutter. Their reports should be used to teach individuals how not to run their companies. I don't even know where to begin on this latest 10-Q. It's just ugly.
From WHSI/MDHI latest filing:
"General and administrative expenses for quarters ended September 30, 2016 and 2015 were $3,838,749 and $316,070, respectively; representing a 1,114% of $3,522,679 increase in general and administrative expense mainly due to the increase of salary, stock compensation and consulting fees of $3,550,000."
Let me translate this for you:
"Management took $3,550,000 for themselves and their buddies"
The company is hanging on by a string, and these guys are paying out $3.5million. This company is nothing more than a share selling scam.
With WHIS/MDHI, The "sellers" are never out. When they run low on shares, they just issue more, and the selling continues. WHSI/MDHI motto should be "Issuing and Dumping Shares since 2009"
It's Next September. September 2017 is when the "big" news is coming out. That gives them a solid 12 months to build anticipation.
WHSI/MDHI has been dragging investors along for years with the same ploy. Build big excitement, with nothing to show for it. The only "Big" news that ever came out of WHSI/MDHI was when the porked everyone over with a 800/1 reverse split.
Why state this: "WHSI is expecting approximately 75 test, or demo units,"? Why "approximately"? When ordering from my vendors, I know exactly what I ordered, how much they cost, when they it will arrive. "Approximately" WTF is that. If one of my managers came to me and said we have "approximately" 75 units showing up; I'd rip them a new one. So your telling me you don't know how many units are coming? Really!!!!????
WHSI/MDHI produced pretty much what I expected. A completely fluff filled, useless PR. Great their ordering 75 units for testing. I would have thought that would have been done already. See, nothing moves with any sort of urgency at WHSI/MDHI. They just don't like to rush. Getting the job done negates their ability to build suspense and anticipation, which in turn kills their ability to dilute shares. Management doesn't really know how to sell their product, so they make their money selling shares. They completely missed the sales potential of the first pendant. Years of fumbling around, with no market traction. MDHI/WHSI management SUCKS!
WHSI/MDHI has played this game for years. Build the anticipation of some great bit of news soon to be released, then nothing. If there is some news, it's usually nothing of importance, and it usually has some sort of dilution attached to it. Same play they have done for years. My guess is that if we do get news, it will be nothing momentous. Most likely we wont see any news in September. WHSI/MDHI never gets their filings done on time.
I love how MDHI/WHSI moves without any PR, Financials, or Statements from the company. For years the stock has always moved without any public release of information. Interesting how all sorts of shares get traded without any information to justify the cause.
"will make this company great again"; Your implying the company was great at one point in time. They had a great product, that was more advanced than anything on the market at that time, and they were incapable of doing anything positive with it. I'm convinced MDHI should be a case study of how to take a great product, and a great idea, and absolutely destroy it. How to screw up the marketing. How to waste all of the cash on hand. (I'm remembering back to an early financial statement that said they had something like $250,000 in travel and entertaining expenses. I'm thinking a lot of strippers, escorts, and alcohol.) How to kill all of your shareholder good will. How to kill your share value. How to dilute your stock to the point of destroying your companies name. How to take a company with great potential and drive it straight into the ground. Not many people can kill a company as well as these guys have.
WHSI/MDHI is UGLY. No member of the board, or employee of the company should be receiving any free shares. The company is still deep in the RED, with limited cash on hand. Once again the average shareholder just got F'd and the dysfunctional management get's millions of free shares. I'd have no problem with the management rewarding themselves, if the company was doing great, selling tons of product, and making a boatload of cash. But their not. People just don't understand rewards vs efforts these days. Just because you worked hard, or showed up everyday, doesn't mean you get the rewards. You get the rewards when you've achieved something. I can't say WHSI/MDHI's management has achieved anything. They are behind the ball, late to everything, missing the point, functioning under an antiquated perspective of the marketplace, a non-start, who thinks just because they came to work they deserve something.
So your saying the stock is way overpriced
"Pump Up the Volume" Why? So WHSI can dump more shares on the market? All of their most current SEC filings have had to do with diluting the stock with more shares.
Let me make this really clear: WHSI/MDHI is in the business of selling SHARES. They are even calling these blocks of shares sold as "contracts". I wonder how they are going to list them on their next financials. As "sales" perhaps?
For a company who's main line of goods is suppose to be marketed to consumers; they have no web site, they have no Facebook page, they have no online advertising that I can see. Management has completely neglected to do any online, tv, magazine, radio, or newspaper marketing. If I didn't know about this stock, I would never known about the product. They have however hired a stock promoter. So they are spending money to promote the stock, but not the product?????????????
Clearly WHSI management's goal is to PUMP up the volume of shares,once again diluting each share to a completely valueless level. Only to generate profits for the management of the company and no one else.
Wearable Health Solutions website looks great
Agreed. Authorized 400,000,000 common shares
From WHSI latest filing:
Common Stock. The total number of authorized shares of Common Stock shall be four hundred million (400,000,000) shares with par value of $0.0001 per share.
3,000,000 shares with an average of 500 shares traded per day is 6,000 days to sell all those shares. Yup, their going to move right through them.
Widdy, What are you talking about? MDHI's latest filing is a notification of an increase in issued shares. This S-1/a is a filing of dilution. It's purpose is to state the dilution that is taking place.
MDHI just increased the issued shares by 38%. They just diluted all the shares issued by 38%. What are you not understanding? MDHI is in full dilution mode. Everyone's shares are now worth 38% less.
Widdy,
What's coming? How would you know before the public of a pending MDHI deal? How is it you have MDHI information before the rest of the trading public? Have you traded based on this information about MDHI?
Who put MDHI's financials together? They should be fired. The period ending is March 31st. Therefore all stock quantities listed are those of March 31st. So would someone please explain to me why there is a 402,764 share difference between the quarter ending and YTD ending stock issued number. The period is to March 31st. So the quarter ending and year to date number of shares should be the same. But they are not. Errrrrrrrrrrrrr. MDHI's management sucks at what they do.
MDHI hasn't released any news, financials, updates, or investor letters. So....this increase in share volume is caused by what? There is no reason for there to be an increase in shares sold. Unless individuals are buying on inside information; there is no public release of any information.
Games
Games
Games
This increase is either someone buying based on information not provided to the rest of the trading public. Or it's just another game to draw unsuspecting investors in. Spend a couple of thousands of dollars to dump tens of thousands of dollars of shares.
Lots of strange going on with MDHI right now.
One Cheerleader?
Circular marketing money. One friend invests, allowing the company the funds to hire the other friend. Friend A gives money to company. Company takes Friend A's money and gives it Friend B, who is a Friend of Friend A. Very circular.
Stock marketer hired but where is the marketing (I thought we would be flooded by now) Not even a news story.
With no news, who's buying?
Why not hire a product marketing firm to market the product, not just the stock?
A nice after hours adjustment by the M's the other night.
Odd things at MDHI = Investors getting the shaft
Top Things MDHI Cheerleaders Have Repeatedly Said over the Years:
(BTW: Which are all false statements)
1: Ronnie knows what he is doing. MDHI management knows what they are doing. MDHI has the right people for the job.
2: The past is the past. We need to move away from the past. What happened in the past doesn't effect today.
3: Great things to come. (never any insight as to what those "great things" are or when they will come)
4: NO DILUTION
5: This is a great price to buy in.
6: Things can only go up from here.
7: Who wants to sell?
8: Things have changed at MDHI
9: MDHI is about to blow up.
10: Look how awesome the chart looks. Look how thin the ask is.
11: MDHI is about to break out. Don't miss your opportunity.
12: MDHI is going to be HUGE
etc, etc, etc.
Heard it all before.
99% of MDHI share holders would take a loss at that price. What you are saying is "Who wants to lose money?"
Normal chart analysis is proven to be useless when applied to penny stocks. MDHI is no different. Any chart analysis is a waste of time with MDHI or any penny stock. Not to mention, a combined 50,000 shares traded over the past three days is such a small portion of the total shares outstanding, it's totally useless to apply any sort of metric to this stock.
MDHI is about to dilute another 370,000,000 shares into their stock. Sub pennies are on the way, then another massive Reverse Split. Toxic STOCK
Widdy,
How is it you have so much inside information about MDHI? You know before everyone else that MDHI is going to release information. You said you own shares of MDHI; have you purchased any of your shares based on knowledge obtained prior to the rest of the investing market? How is the common investor to compete against an individual who has information prior to everyone else?
MDHI is using the same play it did with Joe Noel.
Steve Angle of MDM "invests" in MDHI. Steve buys a ton of shares on the cheep. Then his partner David Zazoff gets hired on as the "consultant" for MDHI through his company ZA Capital. I'll have to read what David's compensation was for his services. WOW, watch the money go round and round.
It's clear MDHI is not focused on selling their product. Their primary income is selling shares.
"Nothing Wrong with the Company"....MDHI's is a total mess. Tell me why they just spent more money on a stock promoter than they have on a marketing team to market the product they sell. If MDHI wasn't a stock selling scam then they would be investing in promoting their products, not the shares of their stock.
MDHI now has 400,000,000 authorized. They just hired a stock promoter. What are you not understanding?
David Zazoff is MDHI's new "Consultant". A quick google search of David Zazoff and ZA Capital will produce a mountain of legal reading. Looks like David has 400,000,000 shares to place over the next five months. Super, Super, Super Sub Pennies on the way.
A quick search of Zazoff will also produce a list of names that have been bouncing around MDHI over the years. Barry Honing; it's been a while. Didn't Joe Noel owe Barry some money? I believe Barry filed a lawsuit against Joey for not paying him back. Old names, same story.
MDHI at 400,000,000 Common shares authorized. Ronnie is cranking up the dilution machine to full power. Let there be no investor left unscrewed.
MDHI Name Change. Haaaaaaaaa. So when you've destroyed your old name and made it synonymous with dilution, fraud, and miss management, you just rename yourself. I have a feeling we are going to see a load of new board members soon. All waving the flag of this great new company. Haaaaa. Same bag of crap, new label. This should be interesting.
Quick weekly recap:
Ronnie started the week with a ton of dilution. The stock price is going to be sub pennies soon.
Then we are going to change the company name in hopes everyone will forget that anyone who ever invested in Ronnie's company got screwed over.
I can't wait to see what ball of crap is coming next.
The MDHI Dilution Machine is at full speed. Another wonderful 8-k today. Those D shares sound great. 400,000 Perf D's sold. Each is convertible to 100 common shares. Can anyone do the math? Widdy? 40,000,000 Shares of Dilution. Plus the bonus Warrant Shares. Such a good day for the MDHI investor. Your shares are once again getting diluted to absolute nothing. Supper Sub Pennies on their way.
Great Job Ronnie. Way to F everyone over. Good work
That's a worthless quote concerning dilution. It only states that they didn't receive any money at the time of this transaction, but they did receive money or compensation at the time of the warrant being issued.
Do you know what dilution is? Because I'm started to think you don't know what the definition of Dilution is?
Here is a quick definition of "dilution" for you:
Dilution is a reduction in the ownership percentage of a share of stock caused by the issuance of new stock. Dilution can also occur when holders of stock options (such as company employees) or holders of other optionable securities exercise their options. When the number of shares outstanding increases, each existing stockholder will own a smaller, or diluted, percentage of the company, making each share less valuable. Dilution also reduces the value of existing shares by reducing the stock's earnings per share.
I hope this helps:)
MDHI is a Dilution machine. Widdy, how can you even say that there is no dilution. Every financial filing from MDHI after the 800/1 RS has had dilution in it.
What do you think an S-1 is? It should be called a D-1 for Dilution One. An S-1 is a statement of increased shares, Aka Dilution. When you state "NO Dilution", the very document you are talking about is a dilution document. The reason they have to file that document is so that investors know what the share structure is after the company issues more shares.
Choose any MDHI filing after the 800/1 RS and I will show you where there is dilution in it. The only thing MDHI does well is dilution. Supper SUB PENNIES on the way.
Quick recap:
Started: 7 million shares
Added: 3 million shares
Total: 10 million shares
Conclusion: MDHI just diluted their stock by 30%. Your shares are worth 30% less per share now. Congrats
Future: Another 130,000,000 shares of dilution on the way. Plus they are increasing the authorized to 400,000,000 shares.
More Dilution To come:
Selling Stockholder Number of Shares Beneficially Owned Before Offering Percentage of Shares Beneficially Owned Before Offering(1)(2) Number of Shares Included in Prospectus Number of Shares Beneficially Owned After Offering Percentage of Shares Beneficially Owned After Offering(2)(3)
D2CF, LLC 2,777,779 3.53% 1,388,890 1,388,889 1.28%
Benza Pharma, LLC 133,333,392 169.33% 1,611,110 131,722,282 121.13%
Yaaaaahhhhh another 134,500,061 shares to hit the market sometime.
MDHI is a Dilution Machine
DILUTION MACHINE
This prospectus relates to the public offering of up to 3,00,000 shares of common stock of Medical Alarm Concepts Holding, Inc. (the “Company”) by the selling stockholders, including 1,611,110 shares issuable upon conversion of outstanding convertible notes (the “Notes”) and 1,388,890 shares issuable upon conversion of 138,889 outstanding shares of Series C Preferred Stock (“Series C Preferred”).
MDHI is at it again. Another 3,000,000 shares added to the total.
"No Dilution"; What do you think Ronnie is going to do with 400 million shares? Hold on to them? The only reason they would increase the authorized shares to 400 million, is to use 400 million shares. Those 400 million shares are going to be issued and the shares of MDHI are going to be diluted to death, again. Then there will be another huge R/S and everyone will get burned. Anyone holding shares from before the last 800/1 R/S will see their shares cut even more. The only ones who won't see a share cut is the management of MDHI. Ronnie will pay out all of the warrants with the shares promised. Then they will issue themselves enough shares to survive the next massive R/S. I'm thinking the next R/S will be a 400/1 beating. The warrant holders get burned, the average investor gets burned, and Ronnie will be just fine with a big bag of free shares.
Widdy,
Do you actually believe that MDHI is going to pull out of this?
Invest all you want, but I wouldn't.
Can you tell me how soon will be before another MDHI R/S?
Keep all your shares, do what you want, but this sucker is DOA.
I hope your not holding any shares of MDHI. This suckers is headed for super sub pennies soon. You can do what you want, but I would sell fast. 400,000,000 shares in Ronnie's hands is going to get liquidated FAST.
I can see the future and it's not pretty for MDHI.
More Dilution
More Investors getting burned
More Criminal investigations
More Killing investor value
400,000,000 SHARES!!!!!!!!! Here comes the MDHI dilution machine!!!!!! The only reason they need 400,000,000 shares is to dilute the crap out of the company. Poor New Guy Steve just got burned. His shares just got diluted to hell. His investment in shares, just turned to crap. Those shares are watered down garbage now. Different day, same scam.