Replies to post #9530 on NHS Health Solutions (fka NHSH)

[cookstove12]

Centacom never paid for them!

[cookstove12]

You can't sell what you do not own!

Read through the agreement!

Centacom and Centifex were to sign over all of it's private stock to NHSH as part of the merger agreement.

That did not happen, thus making the deal "null and void" IMO

Peace,

CS12

[cookstove12]

This is the line in the agreement that I am talking about:

"..and the Asignee(Mineseeker et al)will retain all the releases of all the interested parties to assure the warrants by Assignor (Centacom et al)can be delivered as agreed."

Meaning that IF he (James) owned them.IMO

Peace,

CS12

[cookstove12]

FYI

James has vacated his offices in Jax and owes the landlord in excess of 150k in back rent and utilities.

Peace

CS12

[tom favata]

So NHSH canceled the 450,000,000 shares originally issued to Centacom then issued 232,000,000 new shares to Minesweeper instead?

Yes they did! And BTW the name is Mineseekers

What happened to the previous agreement between Minesweeper and Centacom for Minesweeper to purchase 442,500,000 shares from Centacom?

In order to sell an asset you have to provide proof that the asset is free of liens and encumbrances. James could not do that. And here is why (read the 1st 2 paragraphs) http://www.marketwire.com/press-release/nhs-health-solutions-inc-provides-corporate-updates-pinksheets-nhsh-1553474.htm.....HILTON HEAD ISLAND, SC--(Marketwire - Aug 24, 2011) - NHS Health Solutions, Inc. (PINKSHEETS: NHSH) is providing the following corporate updates for shareholders. On August 21, 2011, NHS Health Solutions, Inc. ("NHSH" or "Company") rescinded the Share Exchange Agreement with Centacom Corporation dated May 12, 2011. The basis for the dissolution of this Agreement is outlined in the Board of Directors resolution, dated August 21, 2011, that is hosted on the NHSH web-site: [www.nhshinc.com]. Despite numerous requests to Centacom founder, Mr. James Owens, Centacom Holding Corporation has failed to sign over the Operating Company Shares of both Centacom Corporation and Centaflix Corporation to NHSH, a requisite step for the Share Exchange Agreement to be finalized. Final resolution of the transformation of the NHSH Board of Directors was subject to Centacom Holding Corporation honoring the terms and conditions of the Share Exchange Agreement.

Notice of, and supporting documentation for, the dissolution of the Agreement was provided to Mr. James Owens on Monday, August 22, 2011. The Company will be taking any and all necessary action in order for Mr. Owens to return the control shares of NHSH to the Company. Once this step has been completed, there will be a further reduction of the outstanding share count as the Company moves forward with Mineseeker, and fully focuses on executing all aspects of their business plan.

How does a signed agreement just get canceled without both sides agreeing to cancel the agreement?

The way that happens is that one party in that agreeement cannot comply to the conditions of the agreement. James could not provide shares free of liens and encumberances The fact that you have not paid for something makes it difficult to offer it free of encumberances.

Is Centacom going to take any kind of legal action?

I doubt it, they would get buried in court and from what we have in evidence it is unlikely. As much as Joe thinks Centacom is in a position of stregnth in this matter he is mistaken.

[nodummy]

Here is the new share count according to the attachments filed with the 8K today.

307,335,401 outstanding shares (after Mineseeker gets their 232,000,000 and all of the Centacom/James Owen shares are returned)


25,000,000 more shares were added since June 28, 2011 (all restricted)

Jeff DiGenova got 15,000,000 shares

Bucket Story (whoever that is) got 10,000,000 shares





Also the 8K attachments mentions an authorized share reduction from 750,000,000 to 500,000,000

http://www.sec.gov/Archives/edgar/data/1074507/000138038911000087/shareexchangeagreement030.gif

http://www.sec.gov/Archives/edgar/data/1074507/000138038911000087/shareexchangeagreement.htm


The authorized share reduction hasn't happened yet, but when it does it will show up here:

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=hgS49qGTVFpOjiuMM4b9xA%253d%253d&nt7=0


Sorry about putting Minesweeper instead of Mineseeker a couple of times in that last post

[mick]

hi my friend, updating myself on somethings. this one is dead for now?

re;
nodummy Tuesday, 10/11/11 07:47:38 PM
Re: tom favata post# 9528
Post # of 23778

So NHSH canceled the 450,000,000 shares originally issued to Centacom then issued 232,000,000 new shares to Minesweeper instead?

http://www.sec.gov/Archives/edgar/data/1074507/000138038911000087/f8k_mineseeker10112011.htm


What happened to the previous agreement between Minesweeper and Centacom for Minesweeper to purchase 442,500,000 shares from Centacom?

In an agreement with Centacom Holding Corporation and James Owens, majority shareholder of Centacom Holding Corporation, signed on 30th August 2011, Mineseeker acquired the 442,500,000 (four hundred and forty two million five hundred thousand) of the 450,000,000 (four hundred and fifty million) control shares which were being held by Centacom Holding Corporation.

Mineseeker even used to have a nice big picture of a certificate for 442,500,000 shares on their website:




How does a signed agreement just get canceled without both sides agreeing to cancel the agreement? I thought Mineseeker was paying Centacom like $50,000 for those 442,500,000 shares.


Is Centacom going to take any kind of legal action?



This is how Mineseeker split up those 232,000,000 shares:




Doing the math based on the percentages in that table there is approximately 315,000,000 outstanding shares of NHSH stock after Mineseeker receives their 232,000,000 shares.

That means there are about 83,000,000 shares outstanding not counting Mineseekers shares.

That's about 33,000,000 more shares than there were outstanding on June 28, 2011 (not counting Centacom's shares)

Anybody know who got those 33,000,000 shares?



It has been quite the balancing act for NHSH trying to keep the debt Note holders like Bill Harvey from being a 10% owner while dealing with all these Centacom/Mineseeker issues.



NHSH is never short on drama.