United American Healthcare Corp (UAHC)

[Dina]

This was in the last Q and the reason i wanted confirmation that there is a positive plan, after ceo filed a form 15:

He plans already to divest the subsidiary Pulse Systems LLC:

[*Management is also exploring opportunities to divest the Company’s subsidiary, Pulse Systems, LLC.

*These financings will likely be highly dilutive to existing shareholders.

*negative working capital of $10.8 million at both September 30, 2014 and December 31, 2013

*default on debt obligations

It´s on page 25 and look at all these agreements to issue shares at .0043.
And the a/s he increased also not without any reason to 150m a/s.

The float is absolutely irrelevant in a moment you know they want to sell many shares and this what will happen here!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10564875

" At September 30, 2014, the Company had (i) cash and cash equivalents and short-term marketable securities of $0.2 million, compared to $0.3 million at December 31, 2013 and net negative working capital of $10.8 million at both September 30, 2014 and December 31, 2013.

As a result, the Company is in default on debt obligations that have come due within the current fiscal year, and could go into default on other obligations, including the Company’s put obligation, as described further in Note 12 to the Unaudited Consolidated Financial Statements accompanying this report.

The Company’s management and auditors have concluded that these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The consolidated financial statements accompanying this report do not include any adjustments relating to the recoverability of recorded assets, or amounts and classification of recorded assets and liabilities that might be necessary should the Company be unable to continue as a going concern.

In order to provide the Company with the ability to continue its operations, the Company’s management has instituted cost savings actions to reduce corporate overhead. To the extent the Company needs to finance our debt or other obligations, or fund capital expenditures or acquisitions, we will need to access the capital markets by, for example, issuing securities in private placements or private investments in public equities ("PIPE") offerings.

These financings will likely be highly dilutive to existing shareholders. Market and economic conditions may continue to limit our sources of funds for these activities and our ability to finance our debts or other obligations. We may seek financing from members of our Board of Directors, including Mr. Fife, and their affiliates. We may have no alternatives other than to seek and accept additional financing from Mr. Fife’s affiliates. Management is also exploring opportunities to divest the Company’s subsidiary, Pulse Systems, LLC. "