Replies to post #14244 on Healthcare Solutions Mgmt. Group Inc. (HSMD)

[RHJ~BT]

You'lls arguments are getting weak so let me help you'll out and also myself;).

NOTE 2 - GOING CONCERN



The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. At June 30, 2011, the Company had a retained deficit of $2,453,835 and current liabilities in excess of current assets by $338,345. During the nine months ended June 30, 2011, the Company incurred a net loss of $429,381 and negative cash flows from operations of $170,637. These factors create an uncertainty about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.



The Company’s continuation as a going concern is dependent upon its ability to increase revenues, decrease or contain costs, and achieve profitable operations. In this regard, Company management is focused on the development and expansion of the Company’s technology, including water filtration and purification, bioinformation and life sciences, remote desktop and cloud computing, VoIP telephony, and the licensing of patents, as well as exploring strategic acquisitions in the technology field. Should the Company’s financial resources prove inadequate to meet the Company’s needs before additional revenue sources can be realized, the Company may raise additional funds through loans or through sales of common or preferred stock. There is no assurance that the Company will be successful in achieving profitable operations or in raising any additional capital.

NOTE 3 - RELATED PARTY TRANSACTIONS



Shareholder Loans - During the three months ended June 30, 2011, the Company and its subsidiaries maintained a debt to its officer, through a company in his control, in the amount of $19,088. The loan bears no interest and is due on demand. Additionally, the Company’s officer extends the use of credit, which was reduced by $1,478 during the same three months. The credit carries an interest rate of 15.24%.



Management Compensation - During the three months ended June 30, 2011 and 2010, respectively, the Company paid or accrued salary and management fees of $26,190 and $28,814 to its current and former officers.



Office Space - During the three months ended June 30, 2011 and 2010, respectively, the Company paid or accrued $0 and $5,400 in rent to a former officer.

On August 4, 2011, the Company obtained $50,000 in financing from a creditor. The note accrues interest at a rate of 8% per annum, is due 9 months after issuance, and may be converted into common stock after 6 months at a 45% discount to the market. A derivative liability will be included in the Company’s financial statements for the year ended September 30, 2011.

If you do not like these factors and wish to sell, sell. I for one would like share price stalled till a PR I would like to be able to grab .0004 on the ask preferably... Why? I feel very strongly about this trade and I believe it will run very hard once we have the updates of the AgSmart Potato, NatuRx and Kenya chicken farm experiment. I am doing other trades on the side and would like to add more here from the profits of my other trades every chance I can get. I believe strongly the stock will hit .01 again once these updates are out. If you are deterred by the factors I listed please sell your shares this stock is to much risk for you;).