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....oops! Psychological losses.
We know Quirk real well but who is to say they didn't pay their Attorney's...or at least a retainer?
Quirk was able to do what? Turn the heads of some heavy holders and what has HDC shown us well? not too much! Actually unless they are hiding a Christmas present we have no deals to show for the past year.
It seems Quirk will make money come push or shove and doesn't care how! It also seems as though he is trying desperately to regain the physiological losses & to change the shareholders voting results.
It is hard to believe with HDC finally filing the backlog of 10-K filings as they used the 45 day extension that they now plan on using the COVID-19 excuse to delay a simple a$$ Q-10. How insulting to all of us. That's what I get for not sending George a case of Geritol this week.
In case some didn't remember as I forgot myself that our 1st quarter 10-Q is due tomorrow.
These buyer's and MM's computer software etc will need to strike .0222 in order to get this started now move!...you're burning precious time neither of you have, think a bout it!
King Oil...reference HDVY 10-K filing.
Yes it is a big step for HDC but it should not have been, it is typical business and nothing more. I mentioned yesterday about the filing that was done but forgot to contain the reason but you may already know about what appears to be the missing 10-Q filings. If you note many 10-Q filings you will see where they may say balance sheets not audited. In the filed 10-K the "Condensed Balance Sheets" serves that purpose.
As for The May 27th meeting I will be (previously stated) voting no on everything provided no decent news prior the 27th. It appears HDC has not accomplished anything worth voting yes for.
If things were to turn positive the company would need to announce it "prior meeting" on the morning of the 27th however, if you look at certain SEC filings you may see a May 28th date by a different corporation. Is that why Quirk backed away or did he see there was not much he could do in time for court yet did he do enough to turn heads?
I don't know if you were able to pull down all the court documents and see the exhibit shareholders but if you were one of them and the company hasn't provided how would you vote. This vote that the company wants can be refused depending...I think 2/3 percent so it isn't just numbers. Another thing to remember at this point we are pretty much toast except for a possible buyout or patent fire sale. With increasing the common shares to 900 million shares seems to be a no win situation especially with our management. Our CEO - George seems to be a good guy but we need more than what he can provide so unless a 8-K of substance is filed I'm forced to vote no and the timing is NOW and vital, also look at the insistence of George saying not once but twice that the meeting will be held on May 27th
We could very well be in for the same old nothing or a buyout...so check out the day after our meeting date <---- now "you" go and check it out but know this may not happen. It is a long shot but what else adds up?
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Directors of Health Discovery Corporation Opinion on the Financial Statements
We have audited the accompanying balance sheets of Health Discovery Corporation (the “Company”) as of December 31, 2019, 2018, 2017 and 2016, and the related statements of operations, changes in stockholders’ equity and cash flows for the years then ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2019, 2018, 2017 and 2016, and the results of its operations and cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Shareholder meeting instructions
https://www.healthdiscoverycorp.com/shareholder-meeting-information
Well? what the hell are you waiting for 10-K is filed!
Stonemoney...that is probably the exact fact of why rule 4.3 but when adding other indicators into the mix such as things said and not said could mean we may finally have our answers shortly. Did Quirk and HDC come to a deal? Note recent filings, not HDC but the share price hasn't climb if that were true but interesting dates if you look closely.
Big Beef...you are invited.........>
re: He will continue to serve as a member of the Board in addition to his new position. The Board has taken this action in part due to the loyalty Mr. Delmonte has displayed during his instrumental role in the recent turnaround of Health Discovery Corporation and other partnering initiatives.
No corporation is going to promote a director "in part" to COO...note he will also retain his director position. George is trying to tell us something but are we listening?
I get several thoughts when I read the latest 8-k about the promotion of Marty Delmonte . I also get even more thought when I read your reactions to the 8-K. My first bring fear until I read the 8-K over a few time and shake my emotions. I mean we all basically feel we are pretty much dead in the water right?
First positive thought would be HDC has some type of deal but what is meant by that? A deal in what manner?
So it appears “George H. McGovern” and “James Dengler´’ are owed some serious money regardless of anything else going on with HDC. With the court systems as they are they meaning George and James are not about to take the money owed to them at this point unless cleared by their attorneys.
The probability that George as our CEO could very well be short term and on his way out regardless of the promotion of Marty Delmonte to President, COO etc. It would seem to me that George is trying to protect several areas involving encroachment of Bill Quirk but if nothing else it gives HDC a little bit more leverage that Quirk would have to tear apart in order to get to the heart and kill HDC (that is my thought) . Now involving Mr. Delmonte could this be a way of making a gesture of somehow paying him funds due to his past hard work (if we are to believe that) then why not promote him. I mean he isn’t the CEO but rather COO right? Normally would you not think that the president of the company would normally become the CEO if the existing CEO resigns or is forced to resign? As I mentioned prior could you imagine how all this courts business and now the Virus is doing to the McGovern household? Remember George wasn’t going to take this challenge on without Marty at his side. So is George doesn’t plan on offering his resignation then he is just getting prepared in case Quirk is able to force him out. At that point Marty Delmonte will become the CEO.
Thoughts? Where do all the other Directors of HDC stand?
Next? Does George H. McGovern already have a deal involving his removal? If so who will step in also how about existing directors?
I do think about Exhibit B shareholders? I mean you seen as I did who is on the list! So is one of them going to replace our CEO?
What will become of HDC and our remaining patents? I’m afraid whoever takes charge other than Marty will no doubt suck the life out of the remaining blood left in HDC whereas we will get just what we have been getting nothing!
So there you have it anyone have any other thoughts?
HDC might respond to you but will most likely say the filings are in progress. With them giving the name of the Auditing company, possible date started/finished may proof futile. The expense of the back log filings will be approximately $300k ....which of course would require an 8-K
However I hope they tell you so we will know something?
Just doing a few studies I estimate HDC being forced to use their old accounting firm of Frazier & Deeter llc before the prior firm that they used. With that I estimate typically 4 x $80k under the best circumstances to upwards of $420k to complete all filings under all the present condition.
I am really curious on what James Murphy has been doing with HDC financials since April 5, 2017. It would seem he would have everything ready for the yearly auditing firm.
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 5, 2017, the Board of Directors of Health Discovery Corporation (“HDC” or the “Company”) appointed Mr. James Murphy to the Board of Directors.
Mr. Murphy, age 61, has over 25 years’ experience as a senior financial executive in public and privately held companies in the life sciences and the media and technology industries. Mr. Murphy holds a Bachelor of Science in Accounting with Honors from Villanova University and is a Certified Public Accountant.
...look further at HDC shares moved on the week of 1/22/18 over 18 million.
I'm not sure at all but if HDC doesn't supply the information why would the accounting company have a problem with that. HDC either wants to file or not the accounting company doesn't care they just check over their figures only if the company wants them to. HDC has an accountant and one that knows the public realm so he probably completed the paperwork for it to be certified but they seem to be holding back. George isn't stupid so for some reason they are holding this from Quirk using it on HDC to destroy the remaining bread crumbs.
Just my opinion!
I figure we have approximately $1.2-$2.2 million dollars (max) left after all expenses and taxes.
Other than the $20k bonus I doubt the CEO has pulled his and James expense yet? Perhaps I am wrong?
As for company options it made no sense (prior when offered and now) for directors to have opt them.
My thought wonder about a few things starting with our last Independent registered public accounting firm which was "Frazier & Deeter, LLC.
They would carry a copy of the work they have done for HDC would they not, absolutely they would. It would seem to me HDC MUST use them have used them again being acquainted with HDC business and back records that must carry foreword.
Who is to say some of the records were misplaced? destroyed or pure crappy record keeping? Does HDC - our CEO have all of the records that were generated by Kevin Kowbel? Now remember there was a gap in certified public accounting work, prior to George becoming our CEO.
I'm not really defending these guys but really what got snagged or WTF is the issue with filing the 10-K's? Could it be a scam or is there some type of fuel that Quirk maybe trying to produce to take over HDC.
Remember how tight Quirk was with Kowbel and how Quirk wanted more records then what George wanted to give to him prior all this court mess. Is George hiding something intentionally for the greater good or is he BS! How about Quirk....we already know him very, very well!
So what is it going to be? I still stay ...and I don't know how but stand behind our CEO. Oh! as for my investment yes it sucks as it was my ROTH but I consider it shot to $hit anyways.
Steady_T...yes!
NeoGenomic Corporate 10-K 2/28/20
Legal Matters
The Company was involved in litigation with Health Discovery Corporation (“HDC”) regarding the use of certain licensed technology under a Master License Agreement (“MLA”) dated January 6, 2012 between the Company and HDC. An arbitration hearing took place in December 2018, where the Company vigorously defended its legal rights and remedies pertaining to this licensing dispute. On April 25, 2019, the American Arbitration Association’s Panel of Arbitrators issued their ruling which, in pertinent part, terminated the MLA, awarded $1.5 million to HDC in connection with the claims that SmartFlow infringes a valid patent and that internal use by NeoGenomics was subject to milestone and royalty payments, and awarded $5.1 million to HDC with respect to the claim of lack of development and commercialization of SVM-CYTO. All other claims by HDC were denied.
The Company paid $6.7 million to HDC related to this matter in June 2019. This payment settled all obligations of the Company in connection with this litigation. The Company no longer utilizes any HDC technology.
MBMoney...come on, just maybe there is more to this than we know right now.
HDC would be Very Foolish to still hold any meeting of the shareholders at this point. The way everything is messed up they will now need to file the past filings, Proxy then maybe a meeting in August?
They will now need time for a meeting of the shareholders to actually face these officer face to face. Far too much BS has happened.
They bit their own damn tongue yet we are the ones to feel the pain!
______________
On the assumption of positive news and not filings? Could we possibly have good news yet HDC (again)wants to keep Quirk at bay. These are just a few thoughts but are they worth typing?
Good morning...have you any thoughts such as mine that HDC knew they had to file the 10-K updates but didn't want to give more leverage to Quirk involving the courts, that the SEC filing extension is actually a blessing in more way than one?...however, all this is totally on the shoulders of us shareholders because our CEO did not do his damn job of moving on these SEC filings after we were granted the $6.6 million dollars.
So Good Sport/GB was correct!
Well! no doubt said for many reasons but with looking at the March 20th 8-K that reads as follows
Item 8.01 Other Events.
As previously disclosed, Health Discovery Corporation (the “Company”) stated that it intended to schedule a shareholder meeting as soon as possible, but no later than June 30, 2020. On March 20, 2020, the Company’s board of directors (the “Board”) decided to hold the annual meeting of shareholders on May 27, 2020 in Philadelphia, Pennsylvania. Please be advised that due to the current COVID-19 outbreak, the Company may need to modify the meeting location due to safety concerns. The record date for the meeting is March 27, 2020.
________________________________________
Now today 3/30/20 HDC files an 8-K basically saying on 3/25/20 the SEC was extending filing time due to the virus. I am sorry but the 10-K must have already of been completed but what did the CEO do? he not only used the SEC for the ability of extension which was only used (most likely) to keep Quirk from viewing and using anything within that 10-K filing against HDC and existing officers and directors. Our CEO George McGovern has also kicked our teeth down our throat again.
"So we were played by 5 days what a shame!"
MBMoney, what is clear within the HDC SEC filed documents that Mr. Quirk had 15,696,222 shares but he states he now owns 13,627,888 which is a difference 2,068,334 shares.
MBMoney I enjoyed your letter, been watching all the HDC message threads, did sticky post your letter around 1 pm today. Anyways, when reading exhibit B in the plaintiff's, I recognized several investors, some prior HDC. The first share count was done by me on Raging Bull then later here on IHUB. I see they are still holding some of their shares. I promised long ago to never reveal who they were their positions nor share count. Seeing some of the holders is one reason I will not sell my shares. I am serious but caution is at hand. I want to see the filings in March and then attend the meeting in June. I only hold 200k shares but perhaps this is closure for me, time will tell. Thanks again for knocking a few odd balls out of the park.
In referencing all court records today I doubt the court will grant Quirk his request. I plan on attending HDC Shareholder meeting in June and I am very positive that all past 10-K filings will be completed by the end of March as scheduled. In order to restrain the company as I see things it would hurt the majority of the shareholders. No doubt we need the shareholder meeting but without the 10-K filings it would not serve well.
____________________________________
HDC held a shareholder meeting on 5-17-2016 Mr. Kevin Kowbel was our CEO during that period. At this meeting, it was voted to increase the authorized common shares from 300 million to 450 million shares and our preferred shares from 30 million to 45 million shares. It is clear to me, that the plaintiffs are suggesting that possibly this is not fact according to records? With that being said, didn't Kevin Kowbel see this through, or did he? Did he not amend the corporation’s document with the State of Georgia or perhaps other filings involving SEC?
Yes, Quirk participated in this meeting.
10-Q dated 5-23-2016 referencing the meeting held on 5-17-2016
Note L – SUBSEQUENT EVENTS
On May 17, 2016, the Company held its Annual Shareholder’s Meeting. One of the proposals presented by the Company in its proxy statement was an approval to amend the Company’s Articles of Incorporation to increase the number of authorized shares of common stock from 300,000,000 to 450,000,000. This proposal received a majority of votes.
King, referencing "Health Discovery Corps"
We have all the legal court documents and yes there are concerns but also see things being slanted too. You probably know as I do that the shareholders meeting held on 5-17-2016 voted in to increase common shares from 300 million authorized to 450 million and preferred shares from 30 million to 45 million. HDC was also give the right to amended series of shares but as most know can not exceed total authorized shares.
Months ago in this thread I stated HDC could not change series but believe I was wrong in stating as such but either way all outstanding shares regardless of common and series must not exceed 450 million.
testing K-e-v-i-n-123 pop goes the Weasel testing 123 testing 123 that is close enough for a smile.
This is a testing board, testing 123, Stop tracking me idiot!
HDVY, total monthly shares for the month of November, including today are as follows.
Total shares traded _________ 901,337
Total shares short Vol _________742,426
I see no HDC news yet, just checked the SEC filings and nothing. Maybe we will be lucky tomorrow.
Hey Big Beef looks like things are not looking so good here for HDC.
King Oil, I do not believe "Health Discovery Corporation" is a scam. Oh do you see any 8-k about a lawsuit? gee I must have missed that information.
Good Sport...then if you wish you can go to the State Florida and check out Retinalyze, LLC. You might get the impression HDC is still involved in that but it was signed over years ago. The only reason I mentioned this was so you don't get excited if you happen to run into this info. We are not involved in Retinalyze period.
....time for dinner
No! they must be "registered" as a profit corporation and they are, simply go to the Georgia State Incorporation area and enter HDC's control number as follows 07059175.
Yes indeed.eom
Ou... would you care to send another email to see if any near changes are upon us?
That is exactly what the SEC said to me in a phone call....late time to eat.
Hey like 1 apple a day keeps the doctor away well it appears one 8-k every so often keeps the SEC away....has worked for over 2 years, yes we are fully aware of the lack of back filings and so is the company.
The SEC wanted me to file a paper on their website to complain, I have waited years for this company to somehow emerge from the ashes and I will not be the one to file the death blow. The SEC is fully aware of the situation and for them to tell me to file what in the heck or why don't they proceed to do whatever when they are fully aware?
As for a 10 Suspension, after 2 years being non compliant? As you can see no big deal.
The SEC said that in 2011 the company registered shares so at that point they were obligated to not miss a filing. That is according to the SEC Attorney I talked with. I have his name and phone number in one of my desks?
Suspend from what? the pinksheets?
60,203 HDC shares traded today
Time Price Volume
14:47:31 0.10 5000
14:42:29 0.0825 700
14:42:29 0.0825 1300
13:19:41 0.10 500
13:05:58 0.085 13299
13:05:36 0.09 10000
12:41:56 0.0825 5000
11:18:02 0.09 5000
11:17:35 0.09 5000
11:15:42 0.085 5000
11:15:35 0.09 6111
10:48:39 0.09 3000
10:47:06 0.0825 243
09:32:38 0.0825 50
Now, if we could only get the bid train cars lined up like the ask cars we would start to move in volume and hold price better.
CDEL has moved from .0751_X_29,450 (bid) shares this morning to now .079 x 100,000 shares with (of course) ETRF serving all the tennis balls.
BB do you have any new thoughts?