============== HEALTHCARE DISTRIBUTION SPECIALISTS INC. (formerly Amerisure Pharmaceuticals LLC) (A Development Stage Company) Consolidated Balance Sheets (expressed in US dollars) (unaudited)
---- Registrant: Mackie Barch 10303 Montgomery Ave Kensington, Maryland 20895 United States
Registered through: GoDaddy.com, LLC (http://www.godaddy.com) Domain Name: AMERISUREPHARMA.COM Created on: 18-Sep-08 Expires on: 18-Sep-12 Last Updated on: 19-Sep-10 Administrative Contact: Barch, Mackie mackiebarch@gmail.com 10303 Montgomery Ave Kensington, Maryland 20895 United States +1.2022705404 Fax --
Technical Contact: Barch, Mackie mackiebarch@gmail.com 10303 Montgomery Ave Kensington, Maryland 20895 United States +1.2022705404 Fax --
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============== And the SEC filed financials show a whole different picture - so tell me exactly how this company can be worth anywhere near a couple hundred MILLION dollars!
AMERISURE PHARMACEUTICALS LLC (A Development Stage Company) Notes to the Financial Statements Year ended December 31, 2010 (Expressed in US dollars)
1. Nature of Operations and Continuance of Business
Amerisure Pharmaceuticals LLC (the “Company”) was incorporated as a limited liability company in the state of Delaware on September 19, 2008. The Company is in the business of reselling pharmaceutical drugs to third party customers throughout the United States.
Going Concern
These financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. As at December 31, 2010, the Company has a working capital deficit of $6,133, and an accumulated deficit of $7,133. The continued operations of the Company are dependent on its ability to generate future cash flows or obtain additional financing. These factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recorded assets or liabilities that might be necessary should the Company be unable to continue as a going concern.
HEALTHCARE DISTRIBUTION SPECIALISTS INC. (formerly Amerisure Pharmaceuticals LLC) (A Development Stage Company) Notes to the Consolidated Financial Statements September 30, 2011 (Expressed in US dollars) (unaudited)
1. Nature of Operations and Continuance of Business
Healthcare Distribution Specialists Inc. (the Company) was incorporated as a limited liability company in the state of Delaware on September 19, 2008 under the name Amerisure Pharmaceuticals LLC. During the period ended September 30, 2011, the Company changed its name to Healthcare Distribution Specialists Inc. The Company is in the business of reselling pharmaceutical drugs to third party customers throughout the United States. On August 1, 2011, the Company entered into an acquisition agreement with Global Nutritional Research, a manufacturer and distributor of the vitamin Clotamin®.
Going Concern
These financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. As at September 30, 2011, the Company has a working capital deficit of $388,337, and an accumulated deficit of $238,530. The continued operations of the Company are dependent on its ability to generate future cash flows or obtain additional financing. These factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recorded assets or liabilities that might be necessary should the Company be unable to continue as a going concern.
From substantial doubt to a market cap of hundreds of MILLIONS of dollar - no wonder the FINRA has commenced an inquiry!