eWellness Healthcare Corp. (EWLL)

[BigIbby]

Last 10-Q was a really good read. I highly suggest anyone who owns this stock reads it. A couple of interesting points based on my interpretation.

1. They clearly state in a number of places that EWLL owns both the PHZIO and MSK360 platforms.

2. They pay Bistromatics to develop code, support and maintain both platforms. They pay them a "very" significant amount of money to do this.

3. EWLL has very low current revenues but, has signed some interesting and large Canadian agreements for support and services.

4. They burn through a minimum of $150,000 per month in cash and clearly state they will need to sell equity to cover their costs. This means 300 - 600 Million shares per month at the current SP.

5. Their CTO owns Bistromatics

In Notes, section 1. and on page 15. They clearly state they may transfer their Intellectual Property to Bistromatics and become more of a VAR selling the platforms. In return for the transfer of property they would receive a "Significant" ownership in Bistromatics.

Net, Net, yes, they burn through a ton of cash and yes, have to dilute to keep paying for IT support, selling costs and to keep the doors open and lights on.

Purely my opinion, if they can quickly monetize some of these new contracts with huge companies, transfer the IP to Bistromatics and ramp up revenue, they have a decent shot at making something of this business which is in MASSIVE demand right now.

Just my opinions based on my interpretation of the situation but I am going to hold my position, accumulate some more and see where this goes. Heck, we are trading in the triple zero's, what do we expect???

Good luck to all of you.