From the city that gave you Enron and now Graham ...
I'm so glad to read where you asked the really tough questions. LOL
Please, allow me to summarize and comment on your post.
1) I had understood that part of the problem with keeping the clinic open was a difficulty in collecting the minuscule revenues generated there. But now they have an income stream generated by collecting for other companies?
Makes perfect sense to me.
Let's see, the service BEDA is now providing is what? Let me guess ... one that is akin to making copies of the past-due notices BEDA received from the suppliers & vendors they did business with at the shuttered clinic & then changing the headings so they can forward them to another companies clients.
I definitely need more clarification on that one.
2a) TMH is selling their golden-goose for BEDA stock?
An imaging company that doesn't have any clinics open, no imaging equipment, judgements against them from here to east-jesus ... WOW, just how desperate is TMH?
2b) You say TMH is being ran out of a home?
Likely it is in a nice neighborhood that undoubtedly doesn't let you park your ice cream truck on the front lawn.
I've been by there & there aren't any - let alone an appreciable number of - mobile health vehicles (vans, trucks or whatever) visible at the home/business.
Therefore, one must assume TMH has been paying to store them someplace for all this lowly time since they last occupied a normal 'real' place of business.
Exactly where and what are these mobile health vehicle that BEDA covets so? THAT would have been a good questions to ask Graham.
Actually, paying to store them would make sense and maybe even explain why TMH was short of funds required to pay the State of Texas.
Remember, this entity is not in good standing as it has not satisfied all franchise tax requirements.
We aren't talking about some big State tax on corporate income here (Texas doesn't have one), just a relatively small franchise tax.
Sounds like TMH was bringing home the really big bucks, huh?
2c) It's really to bad BEDA isn't buying the business located at TMH's last working address, because they DO have vans in their parking lot which look are ready to go.
They also have people inside at THAT address who could handle the imaging.
In fact, they could start the worlds first full-color mobile imaging service!
Be forewarned though, the technology might be a little rough.
You see, the only way the occupants of the building could accomplish this revolutionary imaging feat would be by using Crayons and Big Chief tablets.
Since they are little kids - who surely color outside of the lines - there might not be a big call for the service. Darn!
Actually, the Alpha Montessori School looks like it has been there for quit a while.
Makes me wonder how long it has been since TMH has actively done anything with that 'savior' business they own.
If you like, call the school and ask how long since TMH left ... I'd hate to think their mobile health vehicle are so old that they run on leaded gas ... that might not be very good for BEDA.
Somebody needs to find out, I can't do everything for you guys. So, get busy, we'll call it good DD, you know?
The phone number is 281-474-2222 and be sure to verify the school is at the same address listed in YellowPages.com for Texas Mobile Health Inc: 1908 Hialeah Dr Seabrook, TX 77586.
3) Of course there is no dilution, you have to actually have a business before you need money to run it.
Besides, it would wiser to wait until after ANOTHER reverse split when off-the-shelf shares should bring more per.
We know BEDA isn't a stranger to reverse splits or issuing more shares ... seems they did this kind of stuff around a year ago.
Instead of asking about dilution, the hard question would have been: since the OS have stayed the same but the trading shares have increased considerably, who is selling the preferred on every upward movement of PPS? AND Why would they even consider doing so at these prices with the moon about to be hung?
4) Don't you think that is kind of a dumb question to ask a megalomaniac? Obviously, he thinks he is a god of some sort, otherwise he would have closed up shop many times over during his past, miserable existence.
Besides, nobody on this board cares about profits.
Everybody know that nobody plans to hold for the long term.
At this point, people are asking themselves if they can possibly get out of this without losing too much skin or, at best, catch a pop, dump their positions, and call it a lucky break.
5) Excuses, excuses, excuses ... first it was the hurricane, then collections, then the building was messing up the equipment, then medicare changes & I'm sure there was at least one poltergeist.
It's always the fault of somebody or something else. It's never managements short-comings.
Why is that? Probably, because we all know the next time around is going to be the silver lining. Wanting to believe so readily, wanting that 'big score' is all the enabling these pukes need to turn you into a sucker.
Back to the equipment comment, am I right in assuming that whatever they did with the equipment left a finance company looking for $600K from BEDA?
As I may be misunderstanding this, feel free to request Graham shed some light on the $600K issue since it does reflect heavily on his management-style.
Plus, it might help investors get a feel for the professionalism of the person at the helm of BEDA.
Heck, I always like to know if there is a trustworthy, honest individual issuing the PRs that my investment decisions are partially based on.
6) In reality, there are many clinics and imaging services in the Houston area which are going concerns. Although he turned out PR after PR that suggested they could and did compete profitably, BEDA was an ultimate failure.
It was Graham and not the field of work that failed. Don't you wish he was man enough to admit it?
Oh, please, please, please, just one more chance!
Assuming he hasn't burned all the bridges with his available lenders (one has a judgement, another must be shaking its head in wonderment), the meglo in him knows he's the man with the goods to pull this one off.
'Proper financing' ... in today's market? With this managements track record? Nope, it'd take a real dope to play again.
Doesn't matter because most folks are only here for the swing money ... I can tell. The real 'investors' bailed when the clinic closed.
So, for all that you care, his dice can turn up craps ... but only after you are gone, right?
7) LOL. Company has nothing in the way of competent management, nothing in the way of 'good will' left with client or suppliers, nothing in the way of a competitive edge ... they couldn't even keep a small clinic open.
Graham is relying on an ability to create fiction with a magic pen. Yes, powerful press releases will save the day!
Wait ... Is it a bird? Is it a plane?
No, it's the 100 million dollar Meglo-man ... world renowned author and all around trustworthy soul - just ask his suppliers & creditors & possily his family.
8) Obviously, Graham expect an air of unbelievability to follow him around 0 his action deserve that kind of attention.
He would have you question the motives of anybody that questions him so you spend less time looking through him. Another, ya, right, whatever.
The last part of that statement is great. He has assured you that, if all else fails (and he is the expert at failure), he will can the markets at their own game ... squeeze them and make all of you rich.
OK, enough is enough.
Although it would be nice to see no_ur_stox break out of this stock close to even, my intention has always been to see Graham, Herb, et al come clean and I'd love to see them end up in jail.
In the meantime, I hope they never see another nickle from an unsuspecting shareholder.
If BEDAs management would attend, and somebody could arrange, a meeting with the SEC or the Texas Attorney General, I'll gladly attend on everyone's behalf.
I'd love a chance to hear BEDA answer the tough questions nobody seems willing to ask.
Otherwise, I can't baby-sit you folks any more and it's good riddance and GLTA ... I hope you guys do the right thing as it could justifiably bankrupt these pukes.
