Healthcare Integrated Tech Inc (HITC)

[Verado]

HITC’s Core New Product, indeLiving Unveiled

I took a deep dive into IndeLiving (getinde.com), the company that CEO Scott M. Boruff sold to TCKF/HITC (Now named Health Integrated Technologies to reflect the companies shift from cannabis to the newly acquired IndeLiving elderly monitoring core product). It is my sentiment, based upon patent research, that the core IndeLiving product which monitors seniors in assisted living facilities and at home through sensors is in direct violation of multiple patents owned by Healthsense and ultimately now owned by Greatcall who purchased Healthsense. It is in my opinion inconceivable that IndeLiving/HITC can do what they claim they do through sensors without violating Greatcall’s intellectual property. In my opinion there is no gray area here; the violation is crystal clear. In TCKF/HITC SEC filings, as part of the stock purchase agreement, new HITC CEO Boruff, as the major stock holder and only officer of IndeLiving, signed off on the agreement which included the following:

3.6 Intellectual Property.
3.6.1 The activities of IndeLiving (or of any licensee under any license granted by IndeLiving) do not infringe or are not likely to infringe on any Intellectual Property Rights of any third party and no claim has been made, has been threatened, or is likely to be made or threatened, against IndeLiving or any such licensee in respect of such infringement.
3.6.2 Details of all registered Intellectual Property Rights (including applications to register the same) and all commercially significant unregistered Intellectual Property Rights owned or used by IndeLiving are set out in Schedule 3.6.
3.6.3 IndeLiving does not, as of the date hereof, use in its business any Intellectual Property Rights, other than the Intellectual Property Rights identified on Schedule 3.6, and is under no obligation to pay license fees or royalties for any Intellectual Property Rights other than those identified on said Schedule.

Really CEO Boruff?

Mr. Boruff recently led an initiative to raise $1M for TCKF/HITC apparently based on the sale of indeLiving into TCKF. Therefore, it is my opinion that either Mr. Boruff is potentially guilty of fraud or more likely extreme negligence. Healthsense/Greatcall is a direct competitor of indeLiving and a simple patent search (See below) would have revealed to Mr. Boruff that his product appears to violate multiple Healthsense patents. So again, it is my opinion Mr. Boruff either knows of the blatant violation and is potentially committing fraud, or is negligent enough to not do simple patent searches before claiming that his product does not use anyone else’s intellectual property. Regardless of the case, in my opinion based upon my assessment of a patent search that Mr. Boruff mislead the shareholders of TCKF when selling them indeLiving, and he is now potentially misleading new investors in TCKF/HITC.

Be it potential fraud or gross negligence, my opinion is that Scott Boruff should be terminated for cause and all investor money should be returned.

But don’t just take my opinion; take your own look:

Google Patent Search: Assignee Healthsense
https://patents.google.com/?assignee=greatcall&oq=greatcall&page=2

Justia Patent Search: Healthsense
http://patents.justia.com/assignee/healthsense-inc

Based upon my research, the more I peel this malodorous onion the more it smells. It started out smelly almost fetid, then it got rancid, from there it was putrid with a hint of festering noxious rank; in summary this thing is down right foul, all under a new leader who in my opinion, based upon my research, is himself quite offensive.

A summary of my assessment of the research so far on HITC:
A new CEO with a trail of destruction. (google; Scott Boruff)
A CEO with a track record of horrible real estate ventures. (Details in a recent HITC post)
A CEO who apparently doesn’t care to pay his bills no matter how big or small. (Details in recent HITC post)
A CEO in denial. (Details in another recent HITC post)
A CEO who now has little to no governance and a track record of enriching himself with no regard for the shareholders. (google; Concerned Miller Shareholders)
A CEO who awarded himself a fat salary, a car allowance and stock options on top of the stock grab he has already perpetuated and did based upon negligible company results under his leadership. (HITC public company filings.)
A company who is way past the last quarterly filing date. (HITC public company filings.)
A company whose core product in my opinion is in direct violation of its competitors patents.(see above)

HITC Stock Opinion: This is not going to end well; run-don’t walk away from this dog with fleas. HARD SELL

The above stated assessments/viewpoints/opinions put forth throughout my posts are based upon details available to anyone and were discovered through simple research and are for informational purposes only. They are simply my opinions, not advice. I encourage you to consult a professional financial advisor and do your own independent due diligence, research and analysis when evaluating company leadership or considering investing or divesting in public companies. Whenever possible, I attempt to do my best to provide links or references from my research to provide you with insight into the details that I formed my opinions from, and also so that you can more easily initiate your own research and perform your own due diligence which I strongly encourage you to do.