HBRM is selling a whole bunch more than this. As well CHRI is still interested in 100% of them possably..
SNP-, acquired Healthcare Distribution Specialists, the distributors of Clotamin, in a reverse merger. HDS started selling Clotamin in 2008, so this is not a new product, but one that has been around for at least 4 years and has been losing money from Day 1. This $500 million company is broke. In March, it had to borrow $200K and paid off other debts with stock, including one $110K debt it settled last February with 50 million shares of stock, that is now worth $55 million. Not a bad rate of return, eh?
Since its inception, Clotamin has not generated a dime in revenues. We didn't determine this, the company did. According to SNP-'s own filings, as of December 31, 2011, prior to the acquisition of HDS, it had about $10K in cash and debts of $214K in debt on accumulated material revenues of zero. Today, you made this company worth $500 million
SNP- has no money, makes no money and they've already committed that the money they don't make, will be given to The National Blood Clot Alliance.
I think we may just go up tomorrow!
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