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steph1971

08/25/20 1:29 PM

#49416 RE: nicehit #49414

Their most recent filing has language that indicates otherwise.
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was16

08/25/20 1:53 PM

#49417 RE: nicehit #49414

We are 3 filings from going current. I am sure that they are working hard to complete those 3 filings.
But it all starts with the audited 10k. The new audit firm was announced on 1/31/20. I wouldn't be surprised if it took a little time to get them up and running. Also, this is the first audit since the acquisition of CareClix. They had to start at the beginning and keep in mind all of the countries CareClix covers.
Then you have the exponential revenue growth ( we have seen all the DD on this board with CareClix deals everywhere ).
The company is being silent, and for good reason. Don't release anything that the SEC or FINRA can evaluate until after the 211 is accepted (not long ago Korangy was in the news doing interviews for TV and articles almost daily and as soon as the suspension happened he stopped).
I believe there is low volume because those that read this board already have made their plays (some are fully loaded, some don't have a position and are waiting for financials, and some have a position but will only buy more base on financials). And the company is not releasing any PRs so very few new people are learning about the stock. I don't think you can make the assumption that we aren't close to being current because the volume is low. News doesn't always have to leak out before an event, especially with a tight lipped company. ( we didn't see volume increase days before the 211 was accepted last Fall...news didn't leak out).

As far as the company going private, it runs contrary to all of the management taking salary in common stock and putting money into the company. I believe the big $s will be made with the leverage of all those common shares management has.

Patience will be rewarded.