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Anticipated FILINGS:
Ronnie confirmed to me yesterday that the SEC Filings will be caught-up “in the Summer” timeframe. This info was publically shared on his most recent radio interview.
My conservative worst-case scenario, using Summer’s END on Sept 21st, with all of fiscal 2013 and 2014 Filings yet to be seen (thru June 30th), will require EIGHT filings in FIVE months. This means that on THREE of those months, we would see multiple SEC Filings. He says it’s do-able. We’ll see a couple filings starting this month. Have a great Summer!
Talked with CEO…
During several discussions with me this week, CEO Ronnie Adams related some info related to this blog. Don’t get excited, there’s very little new info here that hasn’t been discussed and cussed on this blog. I would prefer to be an independent authority on MDHI, but need to settle for being a volunteer messenger. The topics of discussion centered on the 16B authorized shares, potential reverse-split, SEC filing of a restatement, plus several more previously-unseen SEC quarterly reports. For reasons that I don’t begin to understand, the auditor is in control of all of the inception dates and timing of the publications. MDHI management is in charge of operations, and Ronnie says that’s going well. I wish I knew “how well.” I have a lot of skin in this four-year game, and was seeking some definite dates. Ronnie says that all of the above topics will occur around the same time, and that will be soon. “Soon” is relative, and “soon” can’t be taken to the bank. I know. At the very least, I look forward to a rewarding 2014. I believe in the product, the MDHI management, and the near-future breakout of this stock. I’m holding my stock until I see a 1000% increase above my break-even. That’s a 10-bagger.
No lies in the TWO WEEK trend.
IT'S REAL! Just an observation in data available to ALL of US. I'm reporting on the FACTS, no ones opinion other that my extrapolation
A TWO WEEK trend has occurred for the 2012 SEC Filings.
If the trend continues, MDHI will be current on January 31, 2014.
That schedule assumes no Holiday delays.
We are currently awaiting the 2012 Fiscal Report (Nov 15 ??).
Label Period End SEC Filing Projected Filing Date
1Q11 09-10-2010
2Q11 12-31-2010 03-16-2011
3Q11 03-31-2011 08-26-2011
2011 06-30-2011 08-15-2013 Restart SEC Filings
1Q12 09-10-2011 09-30-2013 START TREND
2Q12 12-31-2011 10-15-2013 Trend = 2 weeks
3Q12 03-31-2012 10-28-2013 Trend = 2 weeks
2012 06-30-2012 xxxxxxxxxx 11-15-2013* Trend
1Q13 09-10-2012 xxxxxxxxxx 11-30-2013* Trend
2Q13 12-31-2012 xxxxxxxxxx 12-15-2013* Trend
3Q13 03-31-2013 xxxxxxxxxx 12-31-2013* Trend
2013 06-30-2013 xxxxxxxxxx 01-15-2014* Trend
1Q14 09-10-2013 xxxxxxxxxx 01-31-2014* Trend
2Q14 12-31-2013 xxxxxxxxxx 02-15-2014 ** Normal
3Q14 03-31-2014 xxxxxxxxxx 05-15-2014 ** Normal
2014 06-30-2014 xxxxxxxxxx 08-15-2014 ** Normal
A
FBI, My vote is with YOU, by EOY...
However, Ronnie also told me that the 2012 accounting was current and ready for the SEC as of June 30, 2013... and it's history has been noted as a slow release cycle. Don't know why.
Trending-Observations of SEC Filings…
Based on MDHI’s published goal to get current with SEC Filings, my faith in the CEO’s financial wizardry, and the following two-week-delivery trend between SEC deliveries, MDHI could be current by Feb 15, 2014.
Note the current two-week trend:
SEC Filing Period Completion Date Filed with SEC
1Q12 09-30-12 09-30-13
2Q12 12-31-12 10-15-13
3Q12 03-31-12 10-28-13
And the extended projections:
SEC Filing Period Completion Projected SEC Filing Date
2012 Fiscal Year 06-30-12 11-15-13
1Q13 09-30-12 11-30-13
2Q13 12-30-12 12-15-13
3Q13 03-30-13 12-30-13
2013 Fiscal Year 06-30-13 01-15-14
1Q14 09-30-13 01-30-14
2Q14 12-30-13 02-15-14
These projections may be optimistic based on MDHI’s Filing history, but it ain’t gonna happen any sooner.
Can you live with this schedule?
Appalled, I emailed Ronnie ...
on Oct 5, and sent him your fantastic note of the same day along with a few questions. His reply to my inquiries of TV ads for the upcoming Holidays, filings, and continued growth.
"No TV planned, filings will be coming, and the company will be proactive in its "offerings""
I continue to support MDHI, it's management, and it's goal to become compliant with SEC filings. I really want to see the 2013 SEC audited filings.
Appalled, I think it's simpler...
than the logic you presented that connects the release of 2012 & 2013 audited financials (quarterlies & annual.) Everyone wants these reports to be released ASAP.
My understanding is that the delay is more related to the SEC auditors getting the quality and accuracy built into the audited reports. And I have absolutely NO IDEA why this is so complicated. I concur that 2012 report is simply a placeholder so we can get to the 2013 results, and the recent Sept 30th 1Q14 report. Those recent reports will require more patience, I'm sure.
Trader, Look for 2012 financials...
Today (probably after 4PM ET) or early next week. This is not 'definite' but 'probable'.
Yesterday noon...
I asked Ronnie if we were going to see the 2012 fiscals this week. He replied "I Hope so." Don't we ALL?
My take is that it's out of his hands and depends on the actions of the SEC auditors. Please read APPALLED's beautiful explanation of these events (Sept 11).
Appalled: Fantastic report. Thanks.
No news on the 2013 fiscals. I'll check with CEO after I see the 2012 by the 10th.
CEO exchanged emails...
two weeks ago, but he wanted to provide the June 30, 2012 fiscals sometime this holiday week,or by Sept 10 at the latest. I'm OK with the 10th, but much more interested in the 2013.
Mplmn, 2012 financials...
CEO says in September, by the 10th.
Normal,
The CEO says June 30th 2012 fiscal will be posted in Sept, by Sept 10th at the latest.
Normal, nothing of interest to report.
I'm willing to be patient for a few more weeks. I'm fine with MDHI management using their sparce human resources to expand the business. Thanks for asking.
Appalled: Great POST!
MDHI projected stock value…
A worst case scenario, partially based on the following public data:
• 800 MM (i.e. Million) active shares until End Of calendar year 2013
• Expanding Sales with reasonable retention
• Profit from only RMM (as described in recent 2011 Financials)
• A bit of fuzzy “I’ve been here before” Crystal Ball math
• A predictable, emotionally-charged, pump/dump SPIKE (gotta lov’em)
When the dust settles at the end of the MDHI 1Q14 quarter (Sept 30th), my worst case scenario puts the stock value at 3 Cents. (Other authors here are suggesting the same.)
A corollary: “Why would I ever consider selling ANY of my shares for less than $0.03 between now and the end of 2013?”
If I do, I’m prepared to wear one of Jeff Foxworthy’s “I’M STUPID” signs around my neck. BTW, I’m sure he has one available for YOU also.
800MM shares at $0.03 is only $2.4MM capitalization. This is operationally do-able!
FBI, I concur. The PR should/would be very helpful.
Mplmn, Sorry...
I have no info on June 30, 2013 filings. But I really want to see them!!!
Harv,
The June 30, 2012 fiscal has previously been stated by MDHI to be published a "few days" after the 2011 fiscals. That would be early, next week.... Looking forward to reading it. If more details are passed my way, I'll share.
2011 10_K will hit the SEC at 4PM today. Likely, after the market closes.
Top A+ Rating with NO COMPLAINTS...
from customers/purchasers in three years. Crushzer, thanks for the LINK. This MEDIPENDANT product/service must be outstanding!
John, well said! I second THAT opinion!
The numbers & accusations reported on this board are far too complex for my simple mind. There is nothing deceptive going on with the executive shares, as I’ll prove. They are not buying, selling, or dumping shares. The following simple math agrees with the publicly reported outstanding shares and the 600 MM dilution that boosted the 800 MM shares to 1,400 MM shares. (MM = Million).
1) Fundamental Facts: 373.2 MM outstanding shares that we’ve been staring at for 3 years
2) Insider shares: 5.9% for three years (based on the above 373.2 MM shares)
3) Executive shares(2): Adams 14.5 MM, Polsky 7.550 MM totaling 22.050 MM shares reported at the end of several recent PRs. The number of executive shares apparently hasn’t changed for 3 years.
4) May 17 (2013) PR: Adams 1.81 %, Polsky 0.94% totaling 2.75% effect of dilution and float
Now for my twisted logic:
Three years ago: Compute 22.050 MM shares / 373.2 MM outstanding = 5.91 %.
This agrees with the 5.9% in fact #2 above. The executives owned 5+% based on 373.2 MM float.
After dilution of 600 MM shares reported on May 17:
22.050 MM shares / 800 MM shares = 2.756 % matches the recently reported executive shares in fact #4 above.
Simple dilution.
Now, why did I use 800 MM as the current float. The Chinese investment only required part of the 600 MM additional shares, and the remainder went into the Treasury for future use for employee incentives and/or generating more leverage as required by the MDHI Board.
Regardless of the Chinese proportion of the shares, none of the 600 MM shares are currently in the float. The simple math above proves that point. Treasury and restricted funds are not counted in the Outstanding Shares. The Chinese shares are restricted until 2014, however, there are no such restrictions on Treasury funds. For the most recent May 17 report, 800 MM appears to be simply correct. We’ll see the exact numbers in the 2013 Annual Fiscal report.
Jerry, as of a week ago...
the June 30-2012 Fiscals were in relatively good shape. At that time we were expecting the 2012 reports submitted to the SEC on/before next Wednesday (8/14). I don't have any additional info, but expect the date to be OK.
And I don't have ANY info on the June 30-2013 Fiscals.
Just confirmed status with the CEO…
MDHI management has the audited 2011 reports back from the auditors. MDHI is reviewing.
Investors have been expecting these reports to be filed with the SEC today. The reports are being proofed at this time. If no editing is necessary, the best-case-scenario requires a printer to format/print the report for submission to the SEC. That’s a three hour process, so we probably won’t see today.
.
I started the day by getting a status update from CEO Ronnie Adams. Read On. Since then I have re-read ALL of the MDHI reports submitted to the SEC by MDHI management this calendar year. My intent was to get current on all of the survival difficulties that occurred in 2011 and the transactions that have transpired from mid-2011 until now. I wanted to understand why the 2011 audit-fiscal report was taking so long. I examined the FORM 8-K (2/5/2013) where the January 31st conference call was detailed. Very enlightening! Then I spent hours examining the FORM 8-K (2/12/2013) where the (unaudited) 2011 and partial-2012 financials were presented along with a seven-page, detailed presentation of ISSUANCE HISTORY of the combination of 1) promissory notes, 2) convertible stock, 3) warrants, and 4) other debt details.
My summary of the 2011 fiscal-report delays is this: I’m truly amazed that any person or even a small team could untangle that mess. The fact that MDHI survived 2011-2012 is all to the credit of a very focused, financial-operational expert. Ronnie Adams untangled the mess and reassembled the positive aspects of a company like nothing I’ve ever witnessed before. And that’s coming from a consultant who spent the last twenty years being inserted into skilled project teams that had lost their focus and were headed for ruin. I was the leader of last resort! And many were the times I needed a few more months to turn a project around. And I don’t hold a candle to what Ronnie has accomplished for us in the last few years.
I have been in frequent contact with the CEO of MDHI for over a year, and he has never lied to me. I trust him with a lot of my money. I respect him more than any manager I’ve ever encountered and look forward to the day when I can meet him and personally thank him for helping me create wealth. Just thought you should know an experience opinion of the captain of our ship. When he succeeds, we all succeed. It’s coming soon.
John, I like your 'dilution' explanation...
...it's completely new to me, since I generally invest in shares over $80 dollars. I'll think about it! Thanks!
LouisLV, You quoted Feb, 2013 data,
My reference was May 17, 2013. I suspect that the dilution took place in the meantime. My broker (Scottrade) has only recently quoted the INSIDER INFO that I referenced. Anybody else?
Trader,
The reported share holdings by Ronnie Adams (14,500,000) and Alan Polsky (7,550,000), the two executive officers, are listed at the bottom of the DEF 14 C filed with the SEC on May 17, 2013... otherwise known as the Schedule 14C Information. The total is 22,050,000.
Several of us on this Blog have each reported holding more that that total.
Incidently, Scottrade reports the following holdings (as of May):
Stragetic Entities 5.9%
Non-Institutional 94.1%
Incidently, unless Ronnie holds a PhD in Physical Chemistry, a previous NASD Series 7 (Broker), and certification in project management, then he's not me. LOL.
Mp, point well taken.
I still expect to see the 2011 10-K financials next Wednesday (8/7). The only thing important about THAT event is that we will will likely see the more interesting 2012 10-K by the following Wednesday.
Mp, I need to level set expectations again...
The CEO related that he will be in a position to post the audited 2011 10-K finanials on or before Wednesday (8/7). Please look to Wednesday. My understanding is that the remaining 2011 quarterly, the 4Q11 will also be posted on or before Wednesday. Other than affirming that MDHI is meeting this schedule, the reports will not be enlightening, but will add confidences that the 10-K for 2012 will be seen a week later.
Ison, we both need to thank the 18-wheeler that allowed me to follow at 75 miles an hour while peppering Ronnie with questions that represented the discussion on this Blog. A suppose a thanks to the police officers in Alabama/Georgia should also be mentioned.
Mplmn, well stated.
I concur with your viewpoint on running a business. A possible exception exists when one person is tasked with handling a startup, underfunded operation. I admire MDHI management for the miracle that they are about to reveal, not the mistakes that have been incurred. I wish you well in exercising your stock options.
UK, I'm an MDHI investor...
and well aware of your concerns about my ID. I've tried to explain myself several times, and the monitors immediately delete my posting. If this message sticks, I'll make another attempt. I have no association with MDHI other than an investor.
John, you listen well. No financials today.
The financials will start to be filed next week. The following is a repeat posting:
CEO Ronnie Adams contacted drKen by phone at 6PM (Monday, 7/29) to relate the following facts. I’ll list the dates and then discuss them.
First, the important dates:
1) The 10-K for Fiscal June 30, 2011 will be posted on or before Wednesday (8/07).
2) The 10-K for Fiscal June 30, 2012 will be posted on or before Wednesday (8/14).
3) The related 10-Q/A Quarterly Financials will be available in the same time frame.
4) The 10-K for Fiscal June 30, 2013 status is unknown at this time, but will likely be posted within a month after the 2012 report. When Ronnie Adams knows the date, we will too.
5) MDHI will remain current and timely with future Quarterly and Annual financial reports.
Now for the Investor’s Half Empty / Half Full discussion:
After publishing the Fiscals for 2008, 2009, and 2010, MDHI management resorted to survival mode. At that time, the management clarified their position of using available funds for company operations vs. SEC reporting. As a much lower-cost alternative, the management published frequent SEC 8-K Company Events as major advances needed communication.
We’ve waited for 3 years for any financial reports related to Fiscal 2011, including the quarterlies. I’m not expecting anything dramatic or enlightening, like profit, but the financials should substantiate the 8-K’s.
Regardless, the SEC must receive these Fiscal reports in chronological order. The data for Fiscal 2011 were extremely difficult to accumulate and audit. But, as many of you have guessed, doing the hardest report first helped gather the data for the 2012 report and the related quarterlies. That’s why the 2012 report and most of the Quarterlies will be posted the following week. The 2012 should shed some light on the major distributor results.
From 8-K’s, Fiscal 2013 was used to extend the manufacturing, sales, and distribution, as well as decrease debt, and cross a profitability threshold. Apparently, these efforts helped the PHOENIX rise from the dust. This will be the most exciting report.
insert-text-hereOur financial future is tied to our mutual success. You can HELP, you can HURT.
And now for the rest of the Half Full / Half Empty discussion: insert-text-here
Ronnie called me while I was in transit to Atlanta.
John, reposting is justified.
For LouisLV, a short resume might save you valuable time: PhD Physical Chemistry, Worked/Consulted in both areas, NASD Series 7 (broker),Project Mgmt for finanical companies for 18 years including Fidelity Inv/Allstate/Citigroup, now private investor. I have no connection to MDHI except as a substantial investor. For what it's worth.
CEO Ronnie Adams contacted drKen at 6PM …
this evening (Monday, 7/29) to relate the following facts. I’ll list them and then discuss them.
First, the important dates:
1) The 10-K for Fiscal June 30, 2011 will be posted on or before Wednesday (8/07).
2) The 10-K for Fiscal June 30, 2012 will be posted on or before Wednesday (8/14).
3) The related 10-Q/A Quarterly Financials will be available in the same time frame.
4) The 10-K for Fiscal June 30, 2013 status is unknown at this time, but will likely be posted within a month after the 2012 report. When Ronnie Adams knows the date, we will too.
5) MDHI will remain current and timely with future Quarterly and Annual financial reports.
Now for the Investor’s Half Empty / Half Full discussion:
After publishing the Fiscals for 2008, 2009, and 2010, MDHI management resorted to survival mode. At that time, the management clarified their position of using available funds for company operations vs. SEC reporting. As a much lower-cost alternative, the management published frequent SEC 8-K Company Events as major advances needed communication.
We’ve waited for 3 years for any financial reports related to Fiscal 2011, including the quarterlies. I’m not expecting anything dramatic or enlightening, like profit, but the financials should substantiate the 8-K’s. Regardless, the SEC must receive these Fiscal reports in chronological order. The data for Fiscal 2011 were extremely difficult to accumulate and audit. But, as many of you have guessed, doing the hardest report first helped gather the data for the 2012 report and the related quarterlies. That’s why the 2012 report and most of the Quarterlies will be posted the following week. The 2012 should shed some light on the major distributor results.
From 8-K’s, Fiscal 2013 was used to extend the manufacturing, sales, and distribution, as well as decrease debt, and cross a profitability threshold. Apparently, these efforts helped the PHOENIX rise from the dust. This will be the most exciting report.
I CAN WAIT !!! Our financial future is tied to our mutual success. You can HELP, you can HURT.
And now for the rest of the Half Full / Half Empty discussion: looking forward to your views !!!
GOOD NEWS on the filing of the Annual Financials…
…CORRECTRED for fiscal year ending June 30th, 2011. The years 2012 and 2013 will soon follow..
IMO, the Annual 10-K is the most important audited SEC filing that I’ve been wanting to see for so many reasons to assess the status of the Business. See Ronnie’s immediate response to my previous post. On Monday, the ball is back in Ronnie’s court !! Ronnie plans to submit the annual 10-K financials as soon as possible.
On Jul 28, 2013, at 12:30 PM, CEO Ronnie Adams responded to drKen:
Auditor is ready Monday. Now we need to finish 10-K and drop numbers into it for June 30, 2011. Other filings will come after.
Ronnie Adams
www.medipendant.com
877-498-2929