Wearable Health Solutions Inc (WHSI)

[appalled]

MDHI's $2.50 PPS was the IPO price and lasted for the day of the IPO only. To use MDHI's IPO price of $2.50 as proof the company is mismanaged is as big a lie as any told by the company at any time.

IPO's are a randomly generated number. Look at the recent example of Facebook which raised the price of their IPO several times in the weeks and days leading up to when it initially started trading. They eventually opened at $42.50 per share.

Even as a long time profitable private company with billions in annual revenue at the time if it's launch as a public company, facebook's pps fell all the way to $17.55.

When MDHI it went public to raise money, MDHI was a start up company. IT was not some rich guy looking to become richer. It was a company with a good product and an idea of how to grow it over time. Not some rich guy looking to increase his wealth exponentially like FB or the WWE when McMahon took them piblic (and also watched the PPS plummet). MDHI is about creating, marketing and selling a product that is superior the others on the market from nothing. It takes 3-5 years for most companies to go from start up to profitability and if getting the company off the ground meant putting everything back into establishing the brand, I can wait a little for MDHI to have enough cash to pay the people required to become fully reporting.

It takes time. As I said yesterday, you can look at MDHI's numbers and see all the losses or you can look deeper and see growing revenue with shrinking losses followed by some re-invesment of capital. With all the new sales avenues, MDHI should be something special. All the dept cancellation just makes it better.