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.
Tom Collins and $GMNI are a fraud!
told you guys $GMNI would never get the stop sign off. OTC Markets Group will not allow the company to upload any more of its false filings.
Thomas Collins and his puppets issued millions upon millions of bogus stock that had no real exemption available. This is a SEC Section 5 violation. This is why he is in hiding. But expect more news to be coming out on him and his puppets.
Beware of this stock and Thomas Collins. He steals money from people, selling them bogus stock created with false debt conversions.
See: https://www.otcmarkets.com/stock/GMNI/quote
GMNI has not filed its financial reports for over 2.5 years! Last report was for Dec 31, 2015.
Because of Tom Collins arranging for $GMNI to publish blatantly false financials OTC Markets Group will no longer accept any reports to be filed with them.
Good luck selling this thing that never trades and the offers keep going lower. This stock and company is a scam lead by Thomas Collins.
$GMNI is a fraud!
Change the puppets but it is still run by Tom Collins the scam artist.
Stock down further this week. No volume again today and no financials filed in well more than a year. This, like Thomas Collins is a scam.
$GMNI is a fraud.
See: https://www.otcmarkets.com/stock/GMNI/quote
GMNI has not filed its financial reports for over 2.5 years! Last report was for Dec 31, 2015.
Because of Tom Collins arranging for $GMNI to publish blatantly false financials OTC Markets Group will no longer accept any reports to be filed with them.
Good luck selling this thing that never trades and the offers keep going lower. This stock and company is a scam lead by Thomas Collins.
$GMNI is a fraud!
told you guys $GMNI would never get the stop sign off. OTC Markets Group will not allow the company to upload any more of its false filings.
Thomas Collins and his puppets issued millions upon millions of bogus stock that had no real exemption available. This is a SEC Section 5 violation. This is why he is in hiding. But expect more news to be coming out on him and his puppets.
Beware of this stock and Thomas Collins. He steals money from people, selling them bogus stock created with false debt conversions.
Change the puppets but it is still run by Tom Collins the scam artist.
Stock down further this week. No volume again today and no financials filed in well more than a year. This, like Thomas Collins is a scam.
$GMNI is a fraud.
You don't care that he is the puppet master of this deal ? Wow. All the power to you.
Good luck selling this thing that never trades and the offers keep going lower. This stock and company is a scam lead by Thomas Collins.
$GMNI is a fraud!
Really? I see today's volume a ZERO.
This company and its puppet master Tom Collins are nothing but a fraud.
Feel free to prove me wrong. Show me some $GMNI earnings reports. Or even any report showing sales. In fact any report or news in the past 1.5 years.
Yes that the financial statements did not match the alleged debt that was converted to shares. Therefor Tom Collins via his puppets at $GMNI were filing false reports. OTC Markets Group is aware of this and will not allow the company to file reports anymore. This thing is dead!
$GMNI has 0 volume. Bid @ .0005 by .0006 and you say this stock is gold. What is gold about it? Is it that it has no volume? It is always going lower? Is it that OTC Markets has refused to allow financial reports to be filed? Is it that there is no news and no financials since May 2016? I would love to see som links and evidence on how this is anything other than a Tom Collins scam.
You won't be the first to call the SEC. They already have a file open on Thomas Collins. Perhaps this also lead to OTC Markets not allowing for any filings for $GMNI.
Tom Collins has been controlling the company ( a shell and nothing more) for years. He sold me shares in cert form for a hell of a lot more when he and Bill Beswick were promoting it. When of course I tried to clear them it came out that the shares he was selling were created by fraudulent debt on $GMNI. That is how in part, so many shares were created. The repeated filing of false reports on OTCMarkets has caused them to be blacklisted. He cannot even sell this shell. Trust me I know he has been trying.
But wait, maybe I am trying to scare you into selling so I can "buy some cheap shares" lol. Seriously? Why the hell would I buy a share of a shell that cannot file any reports, can't sell the shell... Oh wait because the stock is being shorted and it is going to pop right? LOL. You guys have been saying this stuff for a year yet the stock keeps going down. But I am probably just typing to Tom Collins using his aliases.
Take a look at this: https://www.otcmarkets.com/stock/GMNI/quote
What does OTC Markets tell you? Nothing but warnings. As for the filings, they have not filed a financial report or anything for that matter since May 2016. As I have been telling you for many, many months. The company is banned from filing on OTC Markets. That is why they are not current nor will ever be. Thank your chief puppet master and scam artist, THOMAS COLLINS.
I believe you meant big move south coming...
I told you Tom Collins scammed everyone. Get what you can now as this thing is worthless. They cannot even reorganize the company to put something in it as OTCMarkets have blacklisted the company due to the false filings previously filed. There will always be a Stop sign. But if the reverse it or change the name there will be skull & crossbones. This is dead. Give a warm round of applause to Thomas Collins for all he has done to us. That scammer will get whats coming to him!
With all due respect, the only thing "thick" is the people considering this stock when OTCMarkets won't even allow the company to upload financial statements due to intentionally false and misleading ones in the past. Tom Collins through the management under the bus, just like he did to all the shareholders.
I am hearing fraud and securities violations. Thank Thomas Collins for this.
I told you guys $GMNI would never get the stop sign off. OTC Markets Group will not allow the company to upload any more of its false filings.
Thomas Collins and his puppets issued millions upon millions of bogus stock that had no real exemption available. This is a SEC Section 5 violation. This is why he is in hiding. But expect more news to be coming out on him and his puppets.
Beware of this stock and Thomas Collins. He steals money from people, selling them bogus stock created with false debt conversions.
Someone is buying this up and they seem to be trying to do it quietly. But it appears it is so tightly held that it is hard to do so. It has been a little longer than 2 weeks but quickly none the less.
If they were the shares that were part of the James and Michael Cao scam , than you have 2 options 1. contact the company and see if they will take them back for a lesser amount of valid shares or 2. use them as a place mat
Thanks for the reply. This is definitely not impressive, indeed.
Grand delusions.
This is a scam. OTCMarkets will not even allow the company $GMNI to file any reports with them. What does that say? That is why it is a stop sign and the moment this gets promoted they will switch to Skull and cross bones.
We have all been scammed by Thomas Collins and his puppets.
This will fly like a N. Korea rocket. LOl
Bought in the .40's. Needless to say not too happy. DO you know what promoters are working it? I have not seen any alerts, newsletters etc.
Hahah are you kidding me? I told you log ago to be aware of this scam run byThomas Collins and his puppets. OTCMarkets won't even let them upload filings anymore as they are very suspicious also.
Don't believe... call and ask them.
Thank god for the leap. I appreciate they moved into the HIE business as apposed to the Ultroid scam that Cao's and Jade are a part of.
The stock has went up 600% since this happened. I am more than cool with it!
How much $ did they spend?
According to the financials we should be hearing more any day now.
Records Bank Launches Free Medical Record Storage and Scan-on-demand Service for Health Care Providers
April 5, 2017 Las Vegas NV - Records Bank, a division of HemCare Health Services Inc. (OTC: HCRE) is pleased to announce the launch of its Free Medical Record Storage and Transfer program for health care providers.
?
As health care providers migrate from paper charts to electronic medical records (EMR), a legacy of inactive paper charts stays behind. Most of these charts remain inactive until ultimately destroyed at the end of their retention schedule. While the information contained in each chart is still vital, managing the paper is cumbersome and expensive.
?
RecordsBank.org offers a solution; we remove paper records from any clinic in the United States and store them in our secure warehouse. In most cases, medical records are stored free of charge - a fee applies only when a chart is requested. To streamline the record request process, an automatic chart scan based on upcoming patient appointments is also available.
Records Bank health information management staff can administer all aspects of your medical records.
Securely store, retrieve and deliver your charts.
Request through a simple to use web portal or;
fully automate scan on demands to upcoming appointments.
Convert your paper charts to an electronic format (pdf, tif, etc.).
Manage the entire release of information (ROI) process.
Fully compliant with all HIPAA regulations and guidelines.
Save Valuable Space and Money
Lease rates in medical buildings are expensive, yet much of the space used in a medical clinic is devoted to storing paper medical records. Space needed to store medical records, particularly archived/inactive charts, often expands into exam rooms, off-site mini-storage and other valuable workspace. With the migration to EMR, the paper chart is becoming an expensive and cumbersome legacy of outdated management practices.
?
At Records Bank, we scan medical records into a digital format that can, in most cases, be attached to a patient's EMR. By utilizing a scan-on-demand method, rather than back-scanning all archived paper charts, Records Bank will greatly reduce your cost of converting to an EMR.
As an extension of your HIM staff, Records Bank manages all aspects of the release of information process. Relevant information is retrieved from the existing paper and/or electronic file. The retrieved information is consolidated and converted into one digital file (PDF or TIF). The file is scanned by character recognition software, which enables the reader to search by keywords for fast retrieval.
?
Let Records Bank lighten your busy workload and save your practice valuable time and money. Contact us today to learn more: https://www.recordsbank.org/health-care-provider or call us at Tel. +1-(702)-796-6363
?
About Records Bank
Records Bank is a cloud-based PIPEDA and HIPAA compliant network of Providers and Record Requestors. Utilizing a secure, centralized system for patients, lawyers and insurers to securely retrieve and access medical records. To learn more and request your records today please visit www.RecordsBank.org.
?
About HemCare Health Services Inc.
'A Seamless Exchange of Health Information'
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS operates a single unified platform enabling the ability to request and retrieve medical information and records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Through RecordsBank.org, the Company offers an easy-to-use online portal to our centralized system for patients, lawyers and insurers to retrieve and access medical records 24 hours a day, 7 days a week.
?
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
HemCare Health Services Inc.
www.HemCareHealth.com
Tel. +1-(702)-796-63
LOL. SO true!
Annual report filed. Net loss down to $149K, from $194K
No new shares issued in Q2, Q3, and now Q4.
No anticipated stock issuance or stock splits according to management.
No sales as R& D continues.
That is pretty much the financials..
HCRE article on Bloomverg:
https://www.bloomberg.com/press-releases/2017-03-30/health-care-application-advancements-focus-on-cost-effective-administrative-solutions-for-data-protection-and-medical-record
Health Care Application Advancements Focus on Cost Effective Administrative Solutions for Data Protection and Medical Record Processing
The health care services industry is in the midst of a technological
revolution, as innovators introduce advanced technology to consolidate and
simplify medical records for patients and other parties. The implementation of
a wide range of analytic data solutions that include software, hardware,
business consulting and intelligence, data storage and integration and more,
aims to reduce cost and administration. Health Care stocks with recent news
developments of note include: HemCare Health Services Inc. (OTC: HCRE),
athenahealth, Inc. (NASDAQ: ATHN), Allscripts Healthcare Solutions, Inc.
(NASDAQ: MDRX), WebMD Health Corp. (NASDAQ: WBMD), Cerner Corp (NASDAQ: CERN).
HemCare Health Services Inc. (OTC: HCRE) "the Company" is pleased to announce
the launch of RecordsBank.org, a centralized system for patients, lawyers and
insurers, to retrieve and access medical records online, 24 hours a day, 7
days a week. The medical record bottleneck, despite the widespread
availability of secure electronic data transfer, most Americans' medical
information is stored on paper-in filing cabinets at various medical offices,
or in boxes and folders in patients' homes. When that medical information is
shared between providers, it happens by mail, fax or-most likely-by patients
themselves, who frequently carry their records from appointment to
appointment. Management believes that our centralized online portal can
greatly improve the completeness of patient's records, (which can have a big
effect on care), as past history, current medications and other information is
jointly reviewed during visits.
For patients and third-party requestors, obtaining paper medical records is a
costly proposition with frequent status calls, slow processing times, and high
administrative and scanning costs. The RecordsBank portal eliminates many of
the inefficiencies of paper-based release of information practices and clears
the bottleneck, creating a fluid exchange of information. Read this entire
release and more for HemCare Health at:
http://marketnewsupdates.com/news/hcre.html
A low cost - easy to use online solution - RecordsBank.org, is an easy to use
online portal to our centralized system for patients, lawyers and insurers, to
retrieve and access medical records 24 hours a day, 7 days a week. RecordsBank
is a cloud-based PIPEDA and HIPAA compliant network of providers and record
requestors. Utilizing a secure platform, providers can securely exchange
records electronically with third-party requestors. Health care providers with
proper authorization can also share records with each other.
In other industry related developments in the Health Care market:
athenahealth, Inc. (NASDAQ: ATHN), a leading provider of network-enabled
services and point-of-care mobile applications for hospital and ambulatory
providers nationwide, continues to grow the athenahealth® marketplace, to
support clients in optimizing care and achieving peak performance. Healthcare
providers from small private practices to the country's largest health
systems, long for access to consumer-friendly applications that improve bottom
lines, relieve painful administrative burdens, and ultimately impact patient
care.
Streamline Health Solutions, Inc., provider of the Looking Glass® platform of
integrated solutions, technology-enabled services and analytics supporting
revenue cycle optimization for healthcare enterprises, today announced a new
reseller agreement to provide its Looking Glass®, abstracting and physician
query software solutions to Allscripts Healthcare Solutions, Inc. (NASDAQ:
MDRX). These solutions enable Allscripts clients to optimize their coding
processes, manage resources more effectively and enable reporting in support
of greater results.
WebMD Health Corp. (NASDAQ: WBMD), the leading source of health information,
just made it easier for consumers to get answers to their health-related
questions. Beginning earlier this month, users of Amazon Alexa devices can now
ask questions about health-related topics, including conditions, drugs,
medical tests, side effects, symptoms and treatments. In response, WebMD will
provide physician-reviewed, medically appropriate answers in plain, accessible
language. "WebMD is committed to providing consumers with health information
that they can trust, whenever and wherever they need it, and voice represents
a promising new communication channel," said WebMD Chief Executive Officer
Steve Zatz. "We're happy to be working with Amazon, to increase access to
trusted health care information."
Maury Regional Health recently selected Cerner Corp (NASDAQ: CERN), a global
leader in health care technology, to implement an enterprise-wide electronic
health record (EHR) system, across its three hospitals and more than 25
outpatient facilities. The Cerner system will displace MEDITECH® in the
hospital setting and NextGen® Healthcare in the ambulatory facilities. This
year, the health system's 255-bed Maury Regional Medical Center, the largest
medical center between Nashville and Huntsville, was ranked No. 1 in Tennessee
by CareChex®, for overall hospital care in the area of medical excellence.
HemCare Health on Wall Street Journal...
https://www.wsj.com/articles/PR-CO-20170330-910316
BIG NEWS JUST OUT!!!
Hemcare Health Services Launches RecordsBank.org - A Centralized System for Patients, Lawyers and Insurers to Retrieve and Access Medical Records
Mar 30, 2017, 08:00 ET
LAS VEGAS, March 30, 2017 /PRNewswire/ --
HemCare Health Services Inc. (OTC: HCRE) "the Company" is pleased to announce the launch of RecordsBank.org, a centralized system for Patients, Lawyers and Insurers to retrieve and access medical records online, 24 hours a day, 7 days a week.
The Medical Record Bottleneck
Despite the widespread availability of secure electronic data transfer, most Americans' medical information is stored on paper-in filing cabinets at various medical offices, or in boxes and folders in patients' homes. When that medical information is shared between providers, it happens by mail, fax or most likely by patients themselves, who frequently carry their records from appointment to appointment. Management believes the centralized online portal can greatly improve the completeness of patient's records, (which can have a big effect on care) as past history, current medications and other information is jointly reviewed during visits.
Benefits for Patients and HealthCare Providers
Appropriate, timely sharing of vital patient information can better inform decision making at the point of care and allow providers to avoid readmissions, medication errors, improve diagnoses, decrease duplicate testing and even reduce cost and administration.
For patients and third-party requestors, obtaining paper medical records is a costly proposition - with frequent status calls, slow processing times, and high administrative and scanning costs. The RecordsBank portal eliminates many of the inefficiencies of 'paper-based release of information' practices and clears the bottleneck creating a fluid exchange of information.
A Low Cost - Easy to Use Online Solution
RecordsBank.org is an easy-to-use online portal to the centralized system for Patients, Lawyers and Insurers to retrieve and access medical records 24 hours a day, 7 days a week.
RecordsBank is a cloud-based PIPEDA and HIPAA compliant network of Providers and Record Requestors. Utilizing a secure platform, providers can securely exchange records electronically with third-party requestors. Health care providers with proper authorization can also share records with each other.
Addressing a $7 Billion a year problem
In national terms - across the U.S., hospitals spend more than $7 billion annually on customer intake. More than $7 billion, before any sort of medical procedure is done; before a patient even steps out of a waiting room, representing an incredible amount of time and money spent on intake administration.
Per physician - despite the adoption of electronic health records (EHR) and health information exchanges (HIE), providers are still mailing and faxing paper records because they have no PIPEDA or HIPAA compliant method to exchange records electronically with these third-party requestors. A recent study found that the current method of exchanging patient health information is estimated to cost a single clinician practice $17,160 per year.
RecordsBank aims to remove these substantial burdens both on an administrative and financial basis. People or firms simply use the secure online request form, pay a small service fee and RecordsBank retrieves, digitizes and stores the records. At this point the requesting client can access the record globally 24 hours a day - 7 days a week to view it or transfer it securely. In fact, clients can upload any new records to consolidate and keep all of their records securely in one place.
To learn more and request your records today please visit http://www.RecordsBank.org.
About HemCare Health Services Inc.
'A Seamless Exchange of Health Information'
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS operates a single unified platform enabling the ability to request and retrieve medical information and records while meeting all of today's Security and Compliance demands for HIPAA, PIPEDA and PHIPA. Through RecordsBank.org , the Company offers an easy-to-use online portal to its centralized system for Patients, Lawyers and Insurers to retrieve and access medical records 24 hours a day, 7 days a week.
HemCare Health Services Inc.
http://www.HemCareHealth.com
Tel: +1-(702)-796-6363
James Cao is a registered real estate agent in Florida. So they are not hard to find!
I hope you guys bought stock in the open market and not from those slippery guys. I am so happy the new CEO of HemCare HealthServices "HCRE" got rid of those flakes.
The new management brought the filings current, issued great news cancelling over 71,000,000 shares so far and retired the debt. Pretty damn awesome so far. Now they seem to be creating a Health Information Exchange which is one of the hottest markets right now
Hopefully we get some more news soon. The float is so small this could fly up to... ???
If you bought them from the Cao's or any of the Ultroid nominees like Tom or Jazz or Michael Cao's family and nominees you are not going to be happy for sure.
You should email the CEO at info@hemcarehealth.com and see if he can offer you some help. But if you bought them from the people or entities above you might have to go after them for your money back.
You would have been better off, and still would, be better off going into the open market. At .06 and all these shares getting cancelled this could get very interesting!
And with out a doubt, the Health Information Exchange market is massive.
HemCare Health Services Retires 71 million shares - Retires Debt - Strengthens Balance Sheet
2017-03-27 08:00 ET - News Release LAS VEGAS, March 27, 2017 /PRNewswire/ --
HemCare Health Services Inc. (OTC: HCRE), "the Company" is pleased to announce the retirement of more than 71 million shares of its common stock and the retirement of substantially, all of its debt.
Share Retirement
Management reached a settlement agreement to have 71,140,000 shares of its common stock returned for cancellation and rescission. The settlement agreement was with 7 individuals and companies, who were in possession of the Company's common shares. These individuals and entities received these shares from the nominees of Ultroid Marketing Development Corp, following its May 19, 2015 agreement to licensed perpetual rights and acquisition of Ultroid Marketing Development Corp's products and the trade name 'Ultroid System' to the Company.
Under the terms of the Agreement, the Company will stop its legal action and refrain from taking other such actions that may harm these shareholders and entities and provide a final release from liability.
Seeking Additional Share Retirement
The Company still believes there to be more than 28 million common shares outstanding that in the opinion of management, have been transferred and/or acquired without proper consideration and under questionable circumstances relating to this transaction with Ultroid and its nominees. The Company has placed a "Stop Transfer" on these shares with its Transfer Agent and will continue to pursue all remedies for the legal order, to cancel these shares and to recover costs and damages in doing so.
In addition to the 28 million shares the Company has placed a stop transfer on, it is also seeking to recover and retire an additional 58 million shares of its Common stock. If successful, this would represent a total of 158 million shares retired or approximately 58% of the company's previously outstanding shares. Although there can be no assurance in our ability to successfully retire these shares, management is committed to working to this end. Management expects to announce more details on this in the near future.
Retires Debt - Strengthens Balance Sheet
In the 1st quarter of 2017, management retired more than $280,000 in debt or essentially retiring all but $50,000 of its debt. As part of the settlement agreements, more than $30,000 of principal and interest related to an alleged Convertible Promissory Note signed by the Company's previous Chief Executive Officer was eliminated. The forgiveness and cancellation of this note removes all convertible debt and protects the shareholders from increased dilution, by having removed all forms of convertible instruments currently outstanding.
During the period the Company also reached an agreement with its 9% Secured Promissory Note holder, to retire $250,000 of outstanding principal & interest by way of the issuance of 12,500,000 restricted common shares of the Company. As part of the agreement the note maturity date was extended to January 26, 2018 for the approximately $50,000 balance.
About HemCare Health Services Inc
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS is creating a single unified platform enabling the ability to request and retrieve medical information & records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Learn more by visiting http://www.HemCareHealth.com
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
Media Contact:
HemCare Health Services Inc.
http://www.HemCareHealth.com
Tel. +1-(702)-796-6363
NEWS OUT!!!!
HemCare Health Services Retires 71 million shares - Retires Debt - Strengthens Balance Sheet
2017-03-27 08:00 ET - News Release LAS VEGAS, March 27, 2017 /PRNewswire/ --
HemCare Health Services Inc. (OTC: HCRE), "the Company" is pleased to announce the retirement of more than 71 million shares of its common stock and the retirement of substantially, all of its debt.
Share Retirement
Management reached a settlement agreement to have 71,140,000 shares of its common stock returned for cancellation and rescission. The settlement agreement was with 7 individuals and companies, who were in possession of the Company's common shares. These individuals and entities received these shares from the nominees of Ultroid Marketing Development Corp, following its May 19, 2015 agreement to licensed perpetual rights and acquisition of Ultroid Marketing Development Corp's products and the trade name 'Ultroid System' to the Company.
Under the terms of the Agreement, the Company will stop its legal action and refrain from taking other such actions that may harm these shareholders and entities and provide a final release from liability.
Seeking Additional Share Retirement
The Company still believes there to be more than 28 million common shares outstanding that in the opinion of management, have been transferred and/or acquired without proper consideration and under questionable circumstances relating to this transaction with Ultroid and its nominees. The Company has placed a "Stop Transfer" on these shares with its Transfer Agent and will continue to pursue all remedies for the legal order, to cancel these shares and to recover costs and damages in doing so.
In addition to the 28 million shares the Company has placed a stop transfer on, it is also seeking to recover and retire an additional 58 million shares of its Common stock. If successful, this would represent a total of 158 million shares retired or approximately 58% of the company's previously outstanding shares. Although there can be no assurance in our ability to successfully retire these shares, management is committed to working to this end. Management expects to announce more details on this in the near future.
Retires Debt - Strengthens Balance Sheet
In the 1st quarter of 2017, management retired more than $280,000 in debt or essentially retiring all but $50,000 of its debt. As part of the settlement agreements, more than $30,000 of principal and interest related to an alleged Convertible Promissory Note signed by the Company's previous Chief Executive Officer was eliminated. The forgiveness and cancellation of this note removes all convertible debt and protects the shareholders from increased dilution, by having removed all forms of convertible instruments currently outstanding.
During the period the Company also reached an agreement with its 9% Secured Promissory Note holder, to retire $250,000 of outstanding principal & interest by way of the issuance of 12,500,000 restricted common shares of the Company. As part of the agreement the note maturity date was extended to January 26, 2018 for the approximately $50,000 balance.
About HemCare Health Services Inc
HemCare Health Services ("HHS") is a Health Information Exchange company. HHS is creating a single unified platform enabling the ability to request and retrieve medical information & records while meeting all of today's Security & Compliance demands for HIPAA, PIPEDA and PHIPA. Learn more by visiting http://www.HemCareHealth.com
Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
Media Contact:
HemCare Health Services Inc.
http://www.HemCareHealth.com
Tel. +1-(702)-796-6363
More buying and big bids have ben appearing. Something is going on and I take it to be very good!
I see new market makers bidding this now. Offers incredibly light on Level 2!
Buying on no news. Something is brewing!