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Any idea where the o/s sits at the moment?
Were you able to find out anything more on the company filing for a name/ticker change?
Sorry if I missed it in any of your posts.
We must expect some profit taking along the way. There were plenty of .0001s bought up so .0003s are a pretty decent return.
A little positive direction from the company and the pps will jump significantly.
rmitchell0167@gmail.com
He probably won't respond to any emails sent to this address either, or at least hasn't to any of the inquiries I've sent.
And phoning him seems to be a waste of time as well for reasons already mentioned.
I am planning a surprise visit to his office in the near future and we'll see how that goes.
I am not holding out any hope on this one anymore. Facts are, Russ has no money, no one wants to give him any money, debt from past financing is in the millions, and with no bid, creditors cannot even get their money back. A take over or bankruptcy appears to be the only options left, however neither one will benefit the common shareholders due to the fact Russ owns tons of preferred shares and any takeover will only benefit him.
I wish I had something a little more positive to add.
My money was lost in this one long before you showed up grasshopper. Unfortunately.
Too bad these guys don't have the power to reset this company after erasing about the last year or so of trading!
Could you please elaborate on this releasing of the "Kracken" that would bring the pps to $.10+?!
At this point it is evident the only way this one would see that kind of share price is if there was a R/S of 1 for 10,000. Which unfortunately would not be that surprising given Russ' track record with managing a company.
Hear hear!! I couldn't agree more. Enough is enough with those that belittle and remind company supporters how stupid they are to stay invested in this company or to even buy more shares.
We all know because you remind us daily, numerous times daily, that this company is junk, the a/s will be maxed out again by convertible debt and that it will have to be raised and/or another reverse split. You have explained yourself many times over, thanks for your concern.
I just do not understand why it is you people stay here and post!? To torture yourself? If I saw something as bad as you have here, I would run for the hills and not waste my time posting and trying to correct everyone's behavior here especially when there is nothing at stake. Or is there?
Just something to think about for those investors sitting around the sidelines here.
As some of you are aware that this company's CEO, Russ Mitchell has successfully brought pain relief products to retail exposure in the past with his first product being Cold-eze. Lipigesic M was also brought to market by Russ a number of years ago, however was unsuccessful with sales due to pricing, consumer awareness, and a recall on the packaging.
Prior to the release of Lipigesic M to the retail public, this company was trading in the $.05 - $.10 range with a market cap under $1 million. The pps did not stay where it was for long once, things started to roll out with Lipigesic M. quickly rising to over $1.50 and a market cap of approx. $20 million. Coincidently, a similar amount of debt had been accumulated in that time for product research, clinical trials, manufacturing, and distribution.
Although, Lipigesic M in the end was not a success for reasons listed above, it still is a success when it comes to efficacy and consumer satisfaction for control of migraine headaches for a large majority that use it.
So now along comes a new product of PMBS, MigraPure, a better formulation, similar in its effectiveness. Even at a billion shares outstanding, market cap today is between $100,000 and $200,000.
Please do your due diligence, follow the progress of this new product with the likelihood of other new products to follow, and realize that if history does indeed repeat itself, that this company is in an ideal position should MigraPure prove to be a hit.
Just can't leave this company alone or the investors that support it!? lol Wonder why? That is my point.
I think petern was referring to before the reverse split, when the share count was over 2.5 billion.
I am just totally amazed when people post here numerous times, 5 actually, in less than an hour yet claim to have no stake in the company and are here just to "warn" other investors of the "travesty" that is happening. lol
At least when I post here and say I own shares and am down a lot, it is the truth. It is also the truth when I believe that when Russ "re-markets" his migraine relief product, he won't make the same mistakes twice, and that PMBS will see some level of success as a result of it.
Maybe it is just more than the CEO, as according to some here, that has some issues with the whole truth!
At this point, it is anyone's guess as to what the new CEO will do assuming that everything is a go with the reverse merger and if indeed Supurva is the ruling body now.
I would say a reverse split, albeit not my favorite answer to fix the debt problems is likely to take place. I am just hoping it is not as steep as the last r/s that was what, 1 for 500 or 1 for 1000, whatever it was. R/S like that just ruins investor confidence, erodes pps, and makes the company look a little suspicious to say the least.
Things are unclear for investors as to what exactly Supurva's 100k per month revenue really means. Is it 100k revenue and 500k loss per month? Is Supurva planning on doing a large r/s to clear existing debt and pile on some more? Who knows? That is why the pps is $.0001 and not going anywhere until investors hear from the company.
I myself think it is worth the gamble to put a couple thousand dollars in this one, the amount that I expect and can afford to lose if nothing ever happens here. I just don't think this one is going to dry up and disappear without a little action from our new CEO, his new company, and subsequently the share price.
Sounds like they definitely have some expansion plans.
I don't believe Russ is selling shares. There is still a sizeable amount of outstanding debt that note holders are converting at times negotiated in their agreement.
As for the a/s, there is no way he will be able to reduce it now with the collapse in share price. If anything, with no possibility of a r/s anytime soon, he may unfortunately actually have to consider increasing it.
IMO, the current share price reflects all of these factors into it. Should things see an opportunity to turn around, and convertibles exchange at a better rate than $.0001-$.0002, then a/s increase and another r/s may not be necessary.
A company must always have enough authorized shares in its float to allow for convertible notes to honor repayment committments with those that have lent money to the company in the past.
In this case, at 3.6 billion outstanding and 5 billion authorized, LHPT only has 1.4 billion left for conversion. My understanding is that there was approx. $1 million, maybe a little less now, left in convertible notes to be completed yet. With a price of $.0001, that means the company needs at least 15 billion shares authorized to honor convertibles at $.0001 and that is before any discounts that were provided to lenders in the original loan agreement.
It is possible that the new CEO, is trying to "get all his ducks in a row" with the convertible debt prior to making any announcements. That way, they do not have to raise the a/s to 20 billion nor will they have to do a high ratio r/s.
So the balance in the o/s to a/s is not always as much a concern as how much convertible debt plays into the difference of those two numbers.
Hope this helps.
If you know anything about this company at all, it definitely did not start out as a "dupe" job, nor is it today.
As for "criticizing" anyone, that is not my attempt. I simply asked why someone would stay here and post repeatedly that the company is done when they have no stake or haven't lost money in this investment along the way. Makes no sense.
Attacking people on the board is not tolerated by IHub Admin moderators, so saying that supporters attack those that speak out against it, simply isn't the case. If any aggression seen here, it is usually from those that speak out against the company toward those that support it much like you have just done.
Russ Mitchell was already instrumental in bringing another well known product to market in the past. He was also on the management team of another company trying to produce natural migraine relief products however chose to leave that company due to the direction they were headed and the fact they had an inferior product formulation in comparison to Lipigesic.
PMBS is where it is today because of many things that a few of us know about and others like yourself who "criticize" people like me just speculate about. Take a moment and think about investing in a company with a CEO that has successfully marketed products in the past, achieves retail placement in 25,000+ retailers for a new product, has plans in the works for more products. Does this sound like a company you would invest in? Or does it sound like a dupe? This is where PMBS was when it first tweaked my interest and still does.
In light of all the negative things that have happened here and all the negativity that surrounds this company and this board at the moment, there is still opportunity. It would be beneficial for Russ to communicate a little more with investors, if he think he has a chance at any support from the investment community. PMBS has a good product and have more to offer to the public once in a position to do so. I figured that once the company provided samples to the military, that lead to LipiM being one of the most asked for items by soldiers in their care packages, it would have lead to some sort of government contract. That still is a possibility.
Maybe you will now understand a little more why I stay here instead of implying that I am an idiot for investing in something I know nothing about.
It appears a reverse split is pretty much inevitable here unless they decide to raise the authorized shares to 10 billion or more.
In relative terms this company does not have a lot of convertible debt compared to some penny stocks that don't have any revenue at all. A reverse split of say at 1 for 100 and some guidance from the company would actually be beneficial to bolster the share price and enable convertible notes to be cleared sooner and without diluting the a/s much more.
With all of that being said, if Supurva is planning to piggy back on this one as a vehicle to raise capital in a big way for its business ventures, that would be a whole different ball game.
Would be nice to hear something very soon on where things are at and what the plans are heading into the future.
It baffles me that you continue to stay here and post on this board if you think this company is done, finished, caput!!
We realize where you stand by your numerous condescending posts that you make belittling some of those who still believe there may be a small chance of a "little bark" left in this whimper of a company.
I have been invested in PMBS at some level for over 5 years, and no I haven't enjoyed the apparent astounding success that you boast about in your numerous flipping transactions with PMBS. I do however believe that Russ Mitchel will bring another success product or products to market, and that is why I stay here. I try not to pass judgement on to others that support or do not support this company, and it is a suggestion that you consider the same the next time you sit down and type out a post.
Do us all a favor and if you believe that there is nothing left here for an investor, move on!! You aren't doing anyone, including yourself any favors by continuing to post here.
Good luck with your investments.
You lost patience since yesterday when your posts were positive about success with LHPT?
Sounds more like you lost your medication!! lol
I am in a business that it is common for me not to see revenue from my product for 6-12 months after its production. At this point, with a couple thousand $$ in this one, I can afford to wait.
Good luck to you.
So which is it? You support this company? Or you think it is a fraud?
Very confusing trying to make sense of your posts.
Lucky you!!
I'm not 100% sure what happens to common shares when a company goes into bankruptcy protection. Nothing really changes with the share structure? Does the company just not have an opportunity to renegotiate or even clear all debt from its balance sheet? Flipside, is not a hot chance a single entity will ever lend money to them again! However, in the end does the company eventually become dissolved?
Russ is a f...ing joke of a CEO. If he can't get some of my/our money back, I am about to make his life very miserable!!
What you are saying is exactly what many have been trying to tell you all along. It is so unfortunate that Russ has some good products that could really benefit people, as proven in the past and presently, however his skills and ability to manage a company do not exist.
I fully expect that the next news release will be that of "corporate restructuring" or in other words "bankruptcy protection". The debt here is just too unmanageable with no revenue and not even any indication of there being revenue in the immediate future. Lack of communication to his shareholders has been another fatal blow to the success of Russ' company.
With PMBS supplying product to the military, it seemed like a sure fit that something would come of this, however unfortunately it hasn't. I've come to terms, that it is likely that MigraPure won't even be able to save this company now.
Too bad, there was so much potential here!!
No bid is on its way again!!
There are two options the company has at this point, re-negotiation of existing outstanding debt or, bankruptcy protection. There is absolutely no possibility for them to overcome the outstanding debt conversion that plagues this company at the current pps without issuing 50 billion shares on the a/s. This scenario would assume that investors would even want to buy that many shares and another reverse split is out of the question.
I have been here for over 5 years and have seen it all, so do not take this as a bash to the company. I think this is their best option at this point, not sure exactly how it will effect the common shareholder, certainly cannot make things worse than it already is at the moment.
25 mil for now and will add more when the time is right
New product(s), marketing venues, etc. means "sweet tweet" if Russ does not do something with the convertible notes that are killing the pps right now and in the past year.
I don't know what his options are, maybe bankruptcy protection, re-negotiation of the agreements. As this one sits, he needs 10 billion shares at this price to even come close to satisfy the convertible debt.
Many of us have sold for a huge loss! The rest of you have a chance to get out while there is still some value left.
Scamomedic is the name Houlihan should consider the name change to, much more appropriate.
You say that we could expect MigraPure to be out "very shortly", could you put a time frame on that?
Considering the history with Russ, that could be somewhere between next week and next year!
I agree. I have sold 95% of my shares immediately after the announcement of the R/S and A/S being increased.
It is too bad there are so many companies out there that have (a) good product(s), have avenues for marketing, yet greedy, stupid, two bit CEOs and management find a way to F#@$ things up royally.
99% of reverse splits screw the current shareholders, and it appears that this one will be no different. With what Houlihan is proposing it is the equivalent of 75 billion authorized shares with the current structure. Not sustainable with what little business model there is.
Thanks to the people here that appeared to be bashing that were actually trying to warn us, you know who you are. I will be following you much closer from now on as it appears you have learned from these mistakes before many of the rest of us have.
It appears that way. It is bad enough when my three teenagers treat me like an ATM, let alone two grown people that apparently have no hot clue on how to run a company. If I operated my company like they do this one, I would have been out of business in the private sector a long time ago. Then I would have to be like them and take my incompetence to the public sector to borrow money from loan sharks, and pad my pockets like they all do.
I can't remember which board it was on, but an interesting discussion took place on a new reality show idea involving penny stock companies. They would get like 10 "CEO's" together and give them each a little bit of cash, an idea, and a shell company and then follow their progress and watch the chaos unfold. It would be unbelievable to see the things they would pull to win the competition.
I've been here longer than pretty much everyone that posts on this board and unfortunately if it is not considered "criminal" by law, it certainly is unethical.
I would like some answers to those concerns that are common amongst most shareholders.
Yep, $.0001's are here just in time for Christmas. What a f...ing joke this Russ and Patty show is. For the money I have invested in this and the relative distance for me to travel to visit their offices in person, it may be worthwhile to take a little road trip in the new year.
I have never seen such a superb opportunity with effective medicinal products and the marketing capabilities that was here at one time, squandered by mis-management, incompetent, lack of communication and corporate greed. What has the reverse split accomplished at this point. Other than sweet sh!t, in eroding investor value and confidence in this company.
Do you think my visit at the PMBS office will be a pleasant one!?
At this point it is a balance to whether or not I attempt try and recoup some of my investment money back or make it a mission that Russ Mitchell and Patricia McMurtrie never hold an executive position in a public company ever again!!
Onemaninnj, you will report to the board if you see any of that SEC or FINRA news I hope?
Report of course, after you buy your shares!! lol...
Yeah, unfortunately not the pps!! lol...
BTW, nice photo on Keith's twitter account while he's been "Cruisin' Biscayne". Not sure if it is his or not. If it is, nice to see where our money has gone!!
It is probable that production costs would not decrease all that much unless they are producing 100,000's or millions of these units. Although the thought of that would be awesome!
As for company debt load, you could be correct that a large amount of the debt may have been retired. But just doing the numbers quickly on pps averages during debt conversion and the discounts the lenders received, it is more likely that the company has focused on raising capital to go toward production of Caregivers ahead of debt retirement.
I guess we shall see in the quarterly report. Would be nice to see an update or updates prior to that, February is a long way off!!
No, I've had my shares for a while. But someone picked up a nice chunk for cheap, cheap.
Like I said, I will buy more on profits from other plays if/when that happens. Things look very promising here. Can't wait to learn more about Supurva.
GLTA!!
nomorebanksters, IMO the production cost of the Caregiver is in the range of $40-$50 and the wholesale price directly from SIMH is around that $200-$250 range, so safe to say for a round number it is 80% net income per unit. They are selling for more than this online at various sites to account for retail mark up.
In October, the company announced a backlog of sales of $501,000, so what does that mean really? Retail? Wholesale? or Production cost? They also just announced the backlog, no mention of sales of any existing inventory of Caregivers or any sales of new Caregivers prior to the backlog being announced.
This is where all the skeptics and bashers are getting a lot of their fuel from. Along with the fact that the amount of money that was realized from sale of 100 million+ shares only paid a small amount of the company debt down. The bright side, a lot of the remainder of the money raised on the sale of shares likely went to production costs of thermometers to meet demand of the backlog and sales through Novation, Henry Schein, and other government agencies.
So to be realistic, there are a lot of "what ifs" at the moment that leaves a lot of people guessing. Is the company headed down the toilet? Or has SIMH ramped up production in the 4th quarter to accommodate stellar sales that will be announced in February?
I'm going with the latter, consider myself a bit of a gambling man I guess. As much as I do not like to see the company holding the debt it is and continue to sign some more notes that seem very generous to the lender, I believe the company has turned the corner in the past couple months.
It isn't out of the question to see a quarterly report that could show sales in excess of 10,000 Caregivers, or gross income of $2-3million, net 80% of that, and a market cap supportive in the $40-50million range. If o/s is around 125 million at that time, then possibly as high as $.40 a share.
The last paragraph gives me reason enough to stay here a little longer. I could be totally wrong on this, but if I'm not, it will definitely be a "Happy" start to the "New Year".
Good luck everyone!!
I'm in for 25million and will add if things look promising in the near future.
Bye bye V twins. Up we go again!! Stay away you little #$%#s.
V twins gone on the L2. Up we go!!
Brando, do you have any CEO or managerial experience?! You've got my vote.