Friday, October 18, 2013 9:06:06 AM
2. There are thousands of non-reporting companies and limited reporting companies that do not partake in the practice of pump and dumps. While being behind in filings is not a good thing, it has nor bearing on whether or not a company is a poump and dump.
3. A pump and dump is a specific practice of artificially inflating the interest in a stock and then massively dumping 10's of millions to hundreds of millions of shares. It takes that kind of volume to make money at the margins available in sub penny stock.
4 When MDHI sold the most recent shares from the 600 mil share expansion. those shares were sold at fair market value as an investment in the company. When MDHI allows a discount purchase price on the conversion of a note that discount is 25%. MDHI's PPS has been hovering around .002 for the better part of a year. The discount off that price would be .005. How much volume is needed to make real money at a .005 margin? So far this month about 20 mil shares have changed hands. There is almost a 0.0% chance that every one of them was an insider dumped share as there are people tired of waiting for the financial to be produced but just assuming that they all were, the total profit this month's supposed insider dumping at the .005 margin would only be $10,000. Split 4 ways? Only 3 ways? NOBODY is risking jail for that king of money.
5. Constant lies? Yahoo has 15 updates about MDHI during this calendar year. 9 of those were notifications from EDGAR about SEC filings, 4 of them were PR's that contain the exact information that was included in the SEC filings, 1 was a notification of a conference call with investors and 1--just one--was the ill-conceived PR that indicated they had the 2012 audits complete before the filing was ready to be posted to EDGAR. Market watch.com, shows 2 additional notifications for the January 31'st conference call. That simply does not constitute misleading statements in company PR's.
Recent WHSI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/20/2024 09:52:36 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 02/14/2024 04:04:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:44:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 09:01:11 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 08:02:04 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/20/2023 08:28:54 PM
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