News Focus
News Focus
icon url

daiello

12/11/20 2:53 PM

#52464 RE: elvisonfire #52454

That doesn't make sense Elvis. The company provides a service and software, that is CareClix.

CareClix is the name of their software
CareClix Inc is the name of the company.

CareClix Inc provides the CareClix software to doctors that can provide telehealth services to their patients.

CareClix Inc provides the CareClix software to individuals who want to see a doctor through the CareClix Network. CareClix Inc bills the user $x amount, and then pays CareClix Network $x less a portion to keep for CareClix.

That's the business. That is CareClix Inc, who is owned by SOLI.
icon url

daiello

12/11/20 9:05 PM

#52473 RE: elvisonfire #52454

This is straight from their 8K after the SEC's suspension:

CareClix does not sell, promote, nor have we ever sold COVID-19 kits. We do not make any money from testing kits. We make money by providing patients with telemedicine access to doctors and also providing our platform to a growing customer list of doctors, hospitals, clinics and employer groups.
icon url

trader59

12/11/20 11:02 PM

#52475 RE: elvisonfire #52454

Wonder if the warranties on the deal bringing Careclix into SOLI were in effect and executed when SOLI was tossed back into the greys?

https://content.edgar-online.com/ExternalLink/EDGAR/0001065949-19-000031.html?hash=a40d40163c08b1b4db31d79d4c810634c460e08db5f7277a61e777c9c328b294&dest=EX10_1_HTM#EX10_1_HTM

Have to page down to "representations and warranties" and then 2.4, Survival to see the warranties were good for 18 months, otherwise the deal could be undone.