Replies to post #10489 on Sanomedics International Holdings Inc. (fka SIMH)

[beeboy70]

Is the pps not the same price now as it was prior to the run up over what 2-3 days a few weeks ago? What was attributed to the run up, oh right "the hiring of illegal pumpers" that no one is able to prove actually happened.

If the o/s has increased by, let's say 60 million shares over the past month at an average price of $.05 to $.07, is that not $3million to $4million in cash? Some has gone to service debt and some to produce more thermometers.

Unfortunately we won't know from this quarter's earnings until February, exactly what the numbers are.

Too many think it is too risky at the moment to stay invested and wait for that information.

[mds3579]

read this:

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On October 24, 2014, Sanomedics International Holdings, Inc. (the “Company”) entered into two (2) Convertible Debentures (the “Debentures”) with REDWOOD MANAGEMENT LLC and REDWOOD FUND II, LLC (combined “REDWOOD”) in the principal amounts of $189,375 and $63,125, respectively. On October 27, 2014, REDWOOD funded the Company an initial tranche of $125,000 pursuant to the terms thereof, with the remaining $127,500 balance to be funded in one week after execution. The principal sum of the Debentures carries a 1% original issue discount (“OID”) from the stated principal amounts. The maturity date of the Debentures plus interest at 13% per annum is April 24, 2015 or such earlier date as the Debentures are required or permitted to be repaid as provided in the Debentures agreement.



All principal and accrued interest on the Debentures is convertible into shares of the Company’s common stock at the election of the holder thereof at any time at a conversion price equal to 65% of the lowest traded VWAP price during the 10 trading days prior to conversion.


IMHO: read last paragraph. I have feeling that these funds are shorting this stock so they can convert to stock at the lowest possible price.