Everyone can have their own opinions but not facts. So let's review the facts:
-SOLI management purchased a shell
-They filed all the necessary filings and became fully audited
-They purchased CareClix platform, patents and trademarks, etc. in Spring of 2019.
- They secured a Market Maker to file a form 211, got it approved and got off the Grey market in the Fall of 2019.
- They completed the SOC 2 Type I Audit Certification in 12/2019
- They started to ink deals in the Winter of 2019/2020: MAXIS GBN, Trapollo, Chile, CoreChoice Network, etc.
- On 1/31/20 a new Audit firm is announced, via 8K. It is stated that the new firm was needed because the old firm wasn't big enough anymore to handle the work.
- CareClix is all over the news as Covid-19 is hitting and TeleMedicine is being talked about: CareClix CEO is featured on Fox News.
- They announce plans to change their name to CareClix Holdings 3/25/20
- They are suspended on 4/13/20.
- A new form 211 is filed to get off the Grey Market ( by MM Glendale the same MM that filed the original 211).
- Almost all PRs and filings are stopped after the suspension ( only the 4/20/20 PR regarding clarifying home testing, the PRE 14C regarding vending out Clinical & Herbal Innovations, Inc. and the 8K regarding late filings of the 10K aand Q1 are released).
Now my opinions:
-SOLI was caught up in the giant SEC action taken against mainly OTC companies which PR'd anything about Covid-19.
-The suspension against SOLI temporarily derailed their plans: they stopped most communication because they didn't want to give the SEC and /or FINRA anything to scrutinize.
-When the new audit firm came on board they needed to start from the beginning because no audit had been done since the acquisition of CareClix. And with Careclix being an international company the audit job is very big and time consuming.
-I believe we are very close to getting the delayed financials and once they are submitted the train will be back on the tracks and we will see the 211 get approved, the name change happen, PR's start-up again, etc..
Management hasn't taken all the steps it has to get tasks completed, take common shares instead of cash salary, to stop now ( why would you hire a new audit firm if you weren't going to get the filings audited and release them? It doesn't make sense).
