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I am seeing green. Am I on the wrong board?
It is only 5%, not the usual 15% to 25%.
Interesting tweet last Tuesday.
$GNID great job @Omnicell !!! https://t.co/GrPrHSTgIH
I certainly hope so.
In order to sell, you must have a buyer. With all the toxics, you will never be able to sell unless a new story is created. The toxics will sell their shares before you will ever get a chance to for any buyer.
After October 31 and no deal, good luck unloading.
Well gang:
Down another day of 15%. I do not ever remember a green day in 2016.
It is now crunch time for the fab five.
They have been able to string the faithful longs for over eight months. The Wellington deal was quite the hook. The price is now down to less that two cents (unbelievable fab five). The toxics are just diluting away to make payroll for eight people without any sales to speak of.
After Labor Day, it is now time to put up or shut up. You have strung us out long enough. I personally would be ashamed of the last q. The owners of the acquisition must be thinking what happened. Less than two months ago, .35 and now less that 2 cents.
Many longs are much more forgiving than I am. Until there are acquisitions for cash, I smell a rat. There are no more excuses. I do not understand why the greedy longs are still purchasing after the last q. However, the fab five and the other three employees are getting paid because of this. In a way, the greedy longs are enabling this wretched business model. If the topics stopped, the fab five might have to create another business model like pick up the phone and create sales like others do. No money makes people work.
Get the deals done and shut me up. I want the longs to say "I told you so".
And they have already lost a half of their investment in one day if they sell at the bid. However, eight mouths are being fed with very little or no sales.
The company that they just purchased for .35 cents is now down to .0162 in less that two months.
How low will it go nobody knows, but one thing is for sure, there are plenty of toxics ready to unload on unsuspecting or greedy retail.
GNID building a company on toxics-as one poster stated-in Lorraine's words, she is busy building a company and is not worried about the share price.
Word!
I like the way you think. (Sam Kinison in Back to School)
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=sam%20kinison%20back%20to%20school
I was saying that they may need some of our products, not advice. I do like our products; I do have issues with management.
Here is a quick except from Omnicell. They have sales and revenue. Maybe GNID could be of assistance to them or better yet, sell some product to them.
Record GAAP revenue of $171.0 million representing 47% year over year growth
Non-GAAP diluted EPS of $0.35 representing 21% year over year growth
Completion of the Aesynt Acquisition
Omnicell, Inc. (NASDAQ: OMCL), a leading provider of medication and supply management solutions to healthcare systems, today announced results for its first quarter ended March 31, 2016.
GAAP results: Revenue for the first quarter of 2016 was $171.0 million, up $40.7 million or 31.2% from the fourth quarter of 2015, and up $54.8 million or 47.1% from the first quarter of 2015.
What acquisitions? There has been one for shares of the stock for 125,000. Its purchase price has lost 90% since the beginning of July. When there is a real acquisition for cash, then I might be convinced. The q was wretched, literally the worst that I have seen. This company has sales-MyTOUCH-ID products are distrbuted through The Home Depot, Ace Hardware and Grainger. We will see how much sales their products generate.
Until there are some acquisitions, it is my opinion that the Wellington Shields is a ploy to unload shares so that the now magnificiant 8 can get paid without new sales. The couple of weeks rule has issued more toxics than any other strategies. It is right out of the CEO handbook for companies that do not produce, but need the sheeple to finance their salaries.
I would be leery about putting money in on this one, given the tract record of management. I might be wrong. Toxic Avenger and others were right from the descent on 7.75 down to 4 cents.
Greed is on both sides, management as well as the longs. What an odd couple.
If there are some acquisitions, then I might put money in the company.
The stock market usually heats up during September after Labor Day. I want some acquisitions. I want to be wrong.
I will have to do some research about Omnicell. Some longs have posted this name, and there are some tweets about the company on one of GNID webpages. The saga continues.
I went on the website and saw the price of the stock. Not only was I mad at the price, but they had a streamer that stated the company had a 75% chance of bankruptcy. Wow, as a potential investor, I would jump at that opportunity.
Unbelieveable
The new IP attorney has time to write a book (good for him), but the toxics are killing us. Where are the SALES OR ACQUISITIONS??????????????????? No sense of urgency.
$GNID In house IP Counsel pens new book - Patent Searches: Why Unhelpful, Sometimes Asinine #christanner NYT Best Selling Author!
When was the last day we had an up tick? Every day, lose 10 to 25%, but once again, just trust the fab five.
Why have sales where everyday you can earn around 4,000 to 5,000 issuing toxics? It beats working for a living.
I know, then we will do a reverse split again and declare bonuses for everybody for their hard work.
When will trips come? The week after Labor Day?
With a China deal. Still waiting on the details on that one.
Let's assume that the contract terminates October 31, 2016. It would be disclosed in February 2017. The fab five can toxic away until then. It would also give them enough time to try to get financing. As always, just "a couple of weeks".
The website for the three divisions have a tremendous amount of products for sale.
My whole attitude will change with an acquisition for cash in the next month or so.
If so, somebody (management-the fab five) has some "plaining" to do. I am on the fence. I am not buying any more toxics from them after the August 15 q which was literally the worst I have ever seen, but there is some wiggle room for them still being in the picture. I do not want to take such a huge loss on a sale.
In the supposed great third quarter, there has been one acquisition for $125,000 paid for by GNID shares at .34 (now at .08 and falling in less than two months).
Where are the acquisitions if Wellington is still in the game?
Trips is only a few weeks away. But all we need to do is trust management. Obviously you and I and others do not see the big picture.
Somebody is buying the shares-73,000-definately not me.
Very happy to see this
GeneSYS-ID to Attend NACDS
08/09/16
The NACDS is the largest gathering of the robotic pharmacy fulfillment companies providng more than 90% of all automated pharmacy fulfillment systems to retail and specialty pharmacy.
Found some signs of life
I went to the genesysid website, not the genesysrx website, and they delivered safes to the Kansas School district. I know I am negative on management, but I do like to share the positive. I do like sales, so Lorraine, keep up the good work. This had an 8/22 date on it I believe.
$GNID subsidiary @GeneSYSRX delivers fingerprint safes to Kansas School District to secure medications for nurses https://t.co/RgakaZKkGA
I will be reading the boards. I probably will not post any more. Through all the distractions, I have now come to the conclusion that management must execute, no matter how much they are paid. They are no longer getting anymore of my money after the q on August 15. The relevant issues have been discussed. It is now time for the fab five to perform. I cannot unload because of the 7 to .11 slide of the price in record time.
I certainly hope there are some acquisitions in the near future and the transfer of the 1,000,000 to end the toxics.
It will be interesting in the next month and a half how the story unfolds or unravels. How will those salaries and bonuses be paid? It appears that most of the longs now want a little bit more disclosure and transparency before buying any more toxics.
Lorraine:
Looks like the longs have turned against the company. Who will you sell the toxics too? I suggest selling product and removing the 23,000,000 compensation expense so that the company can receive some funding. Or better yet, get some acquisitions going and put to rest the speculation of the Wellington Shields deal.
Here is the reason for the compensation expense.
The main reason for the sharp increase in operating expenses was due to a compensation expenses of $22,826,319 associated with the conversion of shares of Series B Preferred Stock into 10,000,000 shares of common stock.
Was that really necessary accruing that type of liability when you are trying to raise money?
This is obvious
Cash flows provided by financing activities during the six months ended June 30, 2016 amounted to $566,742, as compared with $125,426 for the same period ended 2015. Proceeds from the issuance of convertible notes of $595,750 and common stock of $30,000, offset by repayments on related party loan advances of $3,150 and repayments on convertible notes of $88,334, were the main components of our positive financing cash flow during the six month ended June 30, 2016, offset mainly by repayments of convertible notes of $54,500.
For the three months ending 06/30/2016, consulting fees were $148,925 and professional fees were 47,752. Salaries were 175,202 and compensation expense was $47,324.
Then all of a sudden, next to this $47,324 was a six month total of $22,873,643. I remember seeing that in May, but it just hit me. Why, all of a sudden, they would accrue that much in compensation expense?
Do you think that will look attractive to investment bankers with that much of liability when you are looking to uplist to a national exchange?
Really, 23,000,000?
Could somebody explain to me why the powers to be would do that at such a critical time? It is like you are almost out of the quick sand only to have somebody push you back in with a huge sack of cement tied to your feet. It goes against all logic when you are desperately trying to raise money. In applying for a loan, you want the cleanest set of books.
I found this interesting.
Code of Ethics of GNID
GeneSYS-RX, Inc. (the “Company”) has adopted this Code of Ethics for its senior financial management to promote honest and ethical conduct and to deter wrongdoing. This Code applies to the Company’s Chief Executive Officer and any Chief Financial Officer, treasurer, controller and other senior financial officer that the Company may hire in the future, as well as all Officers of the Company (collectively, “Key Managers”). These individuals hold an important and elevated role in our corporate governance in that they are uniquely capable and empowered to ensure that all stakeholders’ interests are appropriately balanced, protected and preserved.
Code of Ethics
Key Managers shall adhere to and advocate to the best of their knowledge and ability the following principles and responsibilities governing their professional and ethical conduct:
Act honestly and ethically, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.
The Company’s reputation depends on honesty and integrity. At the Company, we are committed to always doing the right thing. As in all other aspects of our business, we expect our Key Managers to adhere to the highest standards of honesty and integrity.
As part of this Code, Key Managers are also expected to keep accurate books and records. Keeping accurate books and records is not only about good corporate citizenship, but it is also required by law. The Company is a public company and required to comply with a complex set of rules and regulations of the Securities and Exchange Commission (“SEC”). It is of utmost importance to the Company that all transactions and entries in its financial, accounting and other records be accurate and complete so that the integrity of the Company’ business reputation, financial statements and regulatory filings is preserved. If you are ever tempted or asked to make a representation – either in a document or in oral communication – that is other than fully accurate, do not do it. This applies to each and every detail of our business. It applies with equal force in circumstances where one might believe that the consequences of the inaccuracy would be harmless.
Key Managers should also avoid situations that involve any investment, interest or association that interferes, might interfere, or might appear to interfere, with the Key Manager’s exercise of independent judgment in the Company’s best interests. A conflict of interest may also present itself indirectly, for example, through the Key Manager’s investment or involvement in another company, which does business with the Company. Key Managers must disclose all potential conflicts of interest to their immediate supervisor. Those Key Managers who are also executive officers of the Company must disclose potential conflicts of interest to the CEO and the Board of Directors.
Provide full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with, or submits to, the SEC and in other public communications the Company makes.
The Company files annual reports with the SEC. These annual reports contain detailed financial and other information regarding the Company’s business, operations and financial condition, including our audited financial statements.
The Company also files with the SEC quarterly reports, which include its unaudited quarterly financial statements, together with other reports and information. The disclosures contained in all reports and documents that the Company files with the SEC, or makes public by other means (such as press releases), must be full, fair, accurate, timely and understandable.
The applicable laws require that the Company maintain an overall system of disclosure controls and procedures that are adequate to meet its obligations to disclose such information. the Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed by the Company to the SEC are recorded, processed, summarized and reported. Also, our disclosure controls and procedures must ensure that financial and non-financial information required to be disclosed by us is accumulated and communicated to the Company’s management, including our principal executive and financial officers, as appropriate to allow timely decisions regarding required disclosure. Key Managers are expected to comply with the Company’s system of disclosure controls and procedures.
The applicable laws also require that the Company maintain internal controls and procedures for financial reporting, designed to provide reasonable assurances that the Company financial statements are fairly presented in conformity with generally accepted accounting principles. Key Managers are expected to comply with the Company’s system of internal controls and procedures for financial reporting.
Annually, our independent outside auditors, engage in an examination of our books and records to complete the annual audit of the Company’s financial statements. This audit is in addition to our internal audit functions.
Quarterly, our independent auditors review our books and records in connection with SEC filings. Our Key Managers, just like everyone else in the Company, are prohibited from indirectly or directly taking any action to fraudulently influence, coerce, manipulate or mislead the Company’s auditors for the purpose of rendering our financial statements misleading. In addition, all Key Managers have the responsibility to assure that complete and full information is provided to our internal and external auditors and that they receive assistance and cooperation in the performance of their duties.
Comply with rules and regulations of federal, state, provincial and local governments, and other appropriate private and public regulatory agencies, including the SEC.
Key Managers are expected to comply with both the letter and then spirit of all applicable governmental laws, rules and regulations that apply to the Company and its businesses. This also means that a Key Manager is expected to seek assistance when unsure about how a particular law applies.
Violations of this Code
All Key Managers are accountable to the Company for their individual adherence to this Code. A failure to observe the terms of this Code may result in disciplinary action, up to and including termination of employment. It is also important to note that violations of this Code may also constitute violations of law and may result in civil and criminal action against the Company, the Key Manager or other Company personnel. Any such civil or criminal action may result in a wide variety of penalties or sanctions that are adverse to the Company, the Key Manager or other Company personnel, including jail time, financial penalties, restatements of previous disclosures, disgorgement of profits or bonuses, and cease and desist orders which can bar the Company or the Key Manager involved from certain business activities.
Waivers
Any waiver of this Code will be promptly disclosed to the public in the manner required by law. Requests for waivers must be made in writing to the Board of Directors prior to the occurrence of the violation of the Code.
Reporting Violations
Key Managers must promptly report observed violations of this Code to the Chair of the Company’s Board of Directors.
We the sheeple
All that may be true. However, they have a great product(s) which would be in demand if they every got them to the market. Many companies can succeed with good products, in spite of management decisions.
From my viewpoint, the creation of products with patented technology is one part of the creation. The visionary is a key component. However, getting the product to the market should be the easiest part of the equation, but the hardest for GNID.
The third quarter is supposed to be our quarter. Well, the q filed on 8/15 was devastating and I lost hope.
Deal or no deal.
Ruth Group-No deal. I have to call IR to confirm. No mention of the cancellation on the Q.
Wellington Shields? GNID has hired a new investment bank to help them-Ascendiant.
I cannot get out unless I want to unload at a tremendous loss.
But on the bright side, there are more employees on staff. That must be a good sign, right? They are certainly not producing sales. They get to purchase stock at .001 upon which they might have to revalue again in the new future.
The new acquisition at .35 cents is now at .11. I am sure they are happy.
Was the May 24 shareholder letter (not on the new website) a way to sell more shares to keep the sheeple hope like me? Time will tell.
What a nightmare!
So many questions, so little transparency. We, the sheeple.
Only through acquisitions will I know that Wellington is still in the picture. There is less than one month and a half left before the end of the third quarter. May the force be with us.
Life is good.
People are not trusting Nate/Wade after the China deal, no wait the private licensing agreement!
I would like an update about the China deal about two years ago when I bought into this POS.
Call this number. See will tell you.
Investor Relations Contact:
Tram Bui
tbui@theruthgroup.com
646-536-7035
It may just be the investor relations portion because GNID does not have any money. However, I got the impression it was for all things.
Believe what you want.
I called the girl today. See my prior post. She is no longer taking phone calls. The Ruth Group is no longer associated with GNID. Call her yourself.
True.
This nightmare just gets worse and worse.