From all indications, CareClix has a bright and profitable future--and is already profitable. There are also indications that the company is reorganizing for the betterment of the company. Those are changes I can support.
What I cannot support is using the unfortunate circumstances with the SEC as an opportunity to go dark and cover things up. I am sure you all agree. The financials cannot be filed unless the auditors and the CEO/CFO signs them. When the CEO/CFO (Charles Scott) signs off on the SEC filing of the audited financials, he is not just saying the company accepts the auditors' financial statements. When he signs the financials, he is personally certifying that the financial statements are true, correct, and follow the rules of Generally Accepted Accounting Procedures (GAAP). Why is that important to bring up?
Others have said they suspect CS did things as majority shareholder that benefitted him contrary to regulations. The more I review the footnotes in past financials, combined with other things that have come to light, the more I believe that to be true. It has been my opinion for some time that he cannot sign the financials because of things he personally did. It would put him at risk, legally, IMO. Hence, the continued holdup on filing financials. It is also my opinion that this has contributed, in part, to why the company is reorganizing the way they do business (evidence of reorganization includes the four new CareClix companies recently registered).
Here is what should be most important to us, that we ensure those reorganizations do not cut out minority shareholders. I am writing this post based on information contributed by trustworthy people (for which I am grateful), as well as my own research. But, with all of that, none of managements’ intentions can be proven as fact unless we continue our legal process, which has already started. The goal is not to harm the company or any individual. The goal is to access documents state law clearly says we are entitled to see, to be able to shed light on what is being done. All current evidence points to our shares being valuable (as in dollars, not cents) before much longer—as long as the reorganization does not cut out minority shareholders. Our end goal is to protect the shares of minority shareholders.
I want to emphasize, at this point we have no evidence to believe that management has any intention to cut out minority shareholders. But, we also have little to go on to believe they won’t. Their determination to operate in the dark, and not communicate, is very concerning. Which is why it is so important that they can no longer do so. They are not just late in filing financials; they are in violation of SEC regulations which clearly state that all shareholders and the public are to be informed of important actions of the company. That would include forming new companies, among other things. They need to know we are aware and will hold them accountable to do the right thing.
When I started investing in the stock market, I knew there were risks – economic factors, bad decisions, market manipulation. Those are risks we all take. A risk we should not have to deal with is a company’s deliberate actions causing the stock to crash, topped by refusal to communicate. There are those shareholders who have stated they are fine with just writing their stock off if they have to. I am happy for them. Personally, I believe we should give the company the opportunity, within a reasonable timeline, to rectify the situation they created. If they don’t, they should be held accountable.
I have consulted with multiple attorneys. They all agree the law is on our side and we are on the right path. But, time is getting short, which is why we are about to move on to our next step.
SOLI
AI
