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None of this matters. All that matters is producing the audit, going profitable and filing docs with the SEC. After all this happens this stock and company will move away from the penny stock crowd. That goodness for that as it will be a positive development.
What's going to really happen to this company and stock if they really do complete the audit, get fully updated with the securities and exchange commission, and even post a profit.
What's going to really happen to this company and stock if they really do complete the audit, get fully updated with the securities and exchange commission, and even post a profit.
All that matters is MDHI getting the audit done, filing with the SEC and producing revenue growth and profits. All else is just noise. I believe we are in find shape with owning these shares.
Right now this is about profitability and revenue growth moving forward. In order to demonstrate what I think this company has, they need to get all of the back filings done. I suspect we're going to start seeing them very soon. Going to be exciting to place MDHI In the ranks of the very few pink sheet companies that have turned profitable and fully reporting. I think a big congratulations will be due to Mr. Adams.
Not sure of the float either, but almost all of the recent increase in the share count is locked up. It mainly went to the strategic Chinese investor associated with the factory. The shares can't be sold until at least March 2014 by my understanding. That's about 600 million shares by my calculations That is hard locked up.
As much as I don't care for Obama care, it appears it will cover medical alarms on a state-by-state basis. That's the main reason I am interested so heavily in this story. It's a bit concerning to see Aetna drop out of a few states but overall I think medical alarms are a go, which could really drive sales. Plz lets know if u learn anything else relative to this.
My guess is the stock price will go up a lot as soon as he proves this is real. The audits will help. The filings will helped more. Not many pinks go from huge losses to profits and full reporting so this will be a unique situation. Going to come soon in my opinion. Getting these audits is expensive and time consuming. Auditors take a big risk with the little companies and really scrub them Thoroughly. Getting fully audited these days is a big deal.
Not worried here. The audit and the numbers will eventually pop out. They did not hire and pay a new auditor and a new law firm for nothing. It just takes a while for small companies to complete multi-year audits. A lot going on for this company despite what others may say.
At least it seems that most of us finally agree that we are going to see something soon. I don't care if it was missed, I just care that it gets done. What really matters is positive cash flow, profitability, whatever you want to call it moving forward.
It will go up and it will go down. The Fundamentals of the future are what's important. I agree, do your own homework on this company. There is a lot out there and a lot more coming, I hope very soon.
What really attracted me to liking this story was that Costco Deal. They have such a strong reputation for researching the products they select for stores and for the catalog.
I have used paper made from this technology and it seems to work fine. Has anyone else?
Is anyone here?
Does anyone have any updates on sgmd?
Most pink sheet companies don't bother to file anything at all with the SEC. This CEO has filed that he is cash flow positive and has growing revs. He has filed that financials are right around the corner. He has filed that the company will be full audited and fully reporting.
Now, think about it.....why would voluntary file such statements???? Some may think him incompetent but I sure don't think he is not that stupid. I think all this is going to happen this week!!!!
I think you make an excellent point trader. It's the future that's important here. We all know that there's been issues in the past, but those seem to now be behind the company. Looking forward to next week.
Might be a bit hard to accept. Costco, Coventry, number one on Google search, fulling reporting with the SEC, profitable, and growing revenues. Have a nice weekend. Looking forward to next week and the next and the next. Here for the long haul!
It doesn't really matter when this company files the historical numbers. Does anyone really care what happened in 2011. They had a loss. I think everyone knows that. What's important here is that this operation has been restructured and is profitable and will move forward in a very nice manner. The past just does not matter.
When this company files it will be a lot of documents. By my calculations they will be filing six 10Qs and two 10Ks Over the next week or so. Should play well from an announcement standpoint and should attract additional interest to these shares.
I also wonder if the company has been holding back regular business related news wanting to get the financials out first. If this is the case not only will we see a series of financial related announcements, but possibly also announcements relative to contracts and other business related items.
Not worried here. I think mr. Adams has the goods for next week. Will we see an audit? Filings? Uplift to otcqb? Profits? Growing revenue? Will he do what only one out of 1,000 pinks sheets are able to accomplish?
We will see next week!!!!!!!
It traded 1,000 shares at $2.50 three and a half years ago for one day as a single opening trade. Was in the .20 range within two weeks. It's important to verify information. Totally meaningless.
There is really no need to rehash the fact that the company has incurred losses in the past. Almost all growing companies incur losses Initially. It's the trend toward profitability that's important. It appears the company has already reached that level. Therefore who cares what happened in the past. It's meaningless. Just about every major tech company out there today has incurred losses during start up phase. But what is a fact is that when companies go profitable the market value soars.
The boogie man is not dilution. Almost all small caps need to raise cash. The faster they grow, the more cash that is needed. To just mention the increased share count without discussing why is meaningless. Hard cash has been added to the company. A lot of it. It has been used to but inventory, hire lawyers, accountants, auditors, google pay per click, a new website etc.
That's what important here. Lots of cash has gone in. It has turned the tide to profits. No looking back now boys!
Nothing that has happened in the past has any bearing on the future stock price. Stocks are valued on future earnings. It doesn't matter if the company lost $50 billion in the past 10 years. All that matters is what is going to be generated in earnings moving forward and the level of debt the company has incurred.
What you're going to see here In my opinion, is an ongoing, recurring, sustainable stream of profits. Nothing else matters. Except if we factor in the statements the company has made that they will emerge nearly debt-free. They will quickly get up listed to the OTC QB and the past will quickly be forgotten.
It doesn't happen very often, but I believe it is going to happen here. a pink sheet company that actually turns profitable. Noteworthy.
I really think we're going to be fine here. We likely see the audit and the financials within the next week. It's not easy for small companies to get legitimate audits these days. Rather noteworthy when it does occur.
I am going to stick by this because not a lot of small companies turn profitable and are able to do a fraction of what Ronnie has done. It's been a bumpy road, of course, but it's not everyday that a small company turns profitable, completes audits and becomes fully reporting.
Good luck to everyone.
All of the the recent share increase is unsellable until February 2014. This is all coming together with profitability. I have the patience to stick with this a little longer. Not a lot of pink sheet companies turn profitable and I want to be involved when this occurs. I have no doubt we'll see an audit and reported financials.
In the grand scheme of things it doesn't matter plus or minus a few days, or even a few weeks when the financials come out. Getting an audit done for several back years is extremely difficult for any small public company. It's all going to come. Just need to wait a little while longer. Important to keep things in perspective.
Trader. i too will go with what Costco says. But, I will also add that it will go with what Coventry insurance knows, and Google search at number one knows. I'm also going to go with what the CEO has filed with the securities and exchange commission, including profitability, Very significant debt cancellations, Warrant cancellations, and emerging virtually debt-free.
All those things that happened years ago don't matter. What matters is profitability and MDHI has it
Appalled makes good points. The 600 million was for the money the Chinese factory put in. They can't sell those shares until February of 2014. Good research. I just hope management put that money to good use. I hope it was used to pay down debt. When we add management's stake a lot of the outstanding shares can't even be sold.
If we get all that John this should move very fast. By my count they need to file two 10Ks and six 10Qs. That's a lot but we will see soon. I think they have 90 days to file 2013 so that would be the end of September. This will allow them a lot of time to be fully reporting before having to file again. Place your bets Gemtlemen!
In SEC filings I trust. In profits I trust. I trust no small cap CEO. We will see this week. Enjoy your Sunday. I bet is placed.
Who cares what the exact date is. All is in the works and in a month or two it won't matter if the filing happened on July 31 or August 10. I expect this will get the audit done and will file. Should make this stock run. Good luck to all. I am staying invested in MDHI as I am a believer. Costco, Coventry, number on Google natural search and profitable adds up to a huge run in these shares.
One thing seems certain, If we get an audit and financials were going higher. Probably much higher. In wait, watch and see mode, but I think the odds are in our favor.
Filings and profits will have a dramatic way of erasing the past screw ups at this company.
Good point John. Ronnie has painted himself into a corner. He has to file. He has told investors in writing that he would. He has hired an auditor and a new law firm. Then he filed all this on more than one document with the SEC. No one is stupid enough to do that and then not file. I think we will see the audit and the filings this week as advertised. Can't imagine not seeing a two hundred to five hundred percent gain here real fast. Probably time to get on board after we see something just in case they mess this up
I don't know what is going to happen. I am just going to keep my powder dry until I see the whites of their eyes. If they file I am going to back the truck up and grab a big load of MDHI. If they dont file them I will watch this fall through the floor. Just gona wait and see. Can't imagine why that would say they will file and then don't however. A curious situation.