formerly Senticore INC., a business developement corp., completes aquisition of Integreated Health Technologies and transfer of assets. Renamed to Integrated Health Tecnologies(IHHT) with new business focus on healthcare related products. Form 8-K for SENTICORE INC http://biz.yahoo.com/e/060608/ihht.ob8-k.html
notable in 10QSB, click link to read the full report from 10QSB Cash flow. Since its inception, the company has had $5,275 of revenues ($5,000 of which resulted in us receiving stock in lieu of cash). Absent cash flow from operations, the company reported that "...we plan to continue to fund our operating expenses through the issuance of our common stock for cash and to continue to borrow from certain shareholders or unrelated parties." The Company now requires all of its portfolio companies to provide a percentage of their gross receipts from sales and services in order to reduce the problems faced by an absence of cash flow and the need to issue additional shares or acquire loans. For example, the cash flow for July of 2006 alone was more than 4 times as much as the company previously experienced over the past 7 years. http://biz.yahoo.com/e/060822/ihht.ob10qsb.html
reports $1.5 mil in other revenue as opposed to a loss last quarter of ($255,000), remember this is a business dev. company, they have no operating income but derive their income through the performance of their portfolio companies, also they will soon report operating income, i believe, as they start to take a percentage of gross profits from their portfolio companies as noted in the above PR. http://finance.yahoo.com/q/is?s=ihht.ob
this might be an up and comer and i will provide tech analysis in the following post
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.