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MDCR registration revoked:
https://www.sec.gov/litigation/admin/2018/34-84801.pdf
MDCR SEC Suspension for delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2017/34-81236.pdf
Order:
https://www.sec.gov/litigation/suspensions/2017/34-81236-o.pdf
Admin Proceeding:
https://www.sec.gov/litigation/admin/2017/34-81235.pdf
Overtech Corp., OVET, changed to Medicus Homecare Inc., MDCR:
http://otce.finra.org/DailyList
CEO Took control of over 40,800,000 Shares of Common Stock (direct) 56.2%
Thinking news around the corner.
$OVET
Interesting re the merger:
A finders fee payable by the issuance of 2,000,000 shares of Overtech will be paid by Overtech to Unternehmensberatung Best Ltd. on Closing. The finders shares will be issued in reliance of the provisions of Regulation S of the Securities Act of 1933.
What is Regulation S you ask? Well, I am glad you asked that question. This link explains Regulation S.
http://media.mofo.com/files/Uploads/Images/FAQs-Regulation-S.pdf
And who can rely on Regulation S to sell unrestricted shares?
Regulation S is available only for “offers and sales of securities outside the United States” made in good faith and not as a means of circumventing the registration provisions of the Securities Act. The availability of the issuer (Rule 903) and the resale (Rule 904) safe harbors is contingent on two general conditions:
the offer or sale must be made in an offshore transaction; and
no “directed selling efforts” may be made by the issuer, a distributor, any of their respective affiliates, or any person acting on their behalf.
Do you think this thing can withstand 2 mil shares being sold? And while you are at it, check out who gets the fee. Unternehmensberatung Best Ltd is a UK company with 2 GBP in assets...prolly owned by the good Doctor who transferred her 40 mil shares.
totally agree...has $1 plus all over it...no float left, buy what you can kids!
This has been trading super tight w/ a true gradual rise, possible set up for breakout. This merger they are pumping has apparent tangible assets, employees, offices and like. This looks to be a set up for some serious gains. What's the consensus here?
Nice to see that they have a deal. Sounds like it closes in a week or 2. I'd suspect the major marketing comes after closing? Lol. After name change?? Lol....u need to pay for your stock and not buy on debit lol
I ain't pissed...I bot pre-split and still have a few left...lol...news hit & this don't trade...
OK I guess your stupid and don't care about news? Chart looks great then news hits....hmmmm...ya I'm the dummy? Lol...your pissed cause u sold to early lol
if you are trading a chart, then why do you give a shit about news and/or the merger?
What's a zip? I am just trading a chart....do your own homework
this thing don't trade...lol...WTF? Usually, when a R\M is announced, there is movement either up or down...here? zip...lol
Ya but only 5k shares. I'm trying to buy 40k but can't get a fill.....fuck me
it's available for .90...
Yesterday's news was unreal!! These guys r not playing around...I'm trying to buy more today with a .91 limit
...
yup...still holding a few. We shall see...
Well I would keep watching. From what I understand this thing will be well over 1
it seems that no one cares...
Lol, been following this as an educational exp., but is this new pump legit!? Just googled Dr. Orphan Karahodza/German/Medicus in regard to the buyout pump via marketwire, came up with this:
1) the home page http://medicus-24.org/index.php?article_id=21&clang=1
2) the so called offices http://medicus-24.org/index.php?article_id=6&clang=1
Hmmm... What does this even mean, being bought out, changing names, etc... Somebody explain plz
Overtech to Purchase Leading German Intensive Care and Home Respiration Service Provider
2014-09-03 11:01 ET - News Release
STUTTGART, GERMANY -- (Marketwired) -- 09/03/14
Overtech Corp. (OTCQB:OVET) Overtech Corp. (the "Company" or "Overtech") announced today that it entered into a Share Purchase Agreement (the "Share Purchase Agreement") among Overtech, its wholly-owned subsidiary, Medicus Homecare Inc., Dr. Orhan Karahodza (the "Vendor"), Beatmungspflege 24 GmbH (the "GmbH") and Dr. Elmedina Adzemovic to acquire all of the issued and outstanding shares of the GmbH held by the Vendor. The GmbH was formed in February 2013 to acquire the businesses operated by Dr. Karahodza for several years.
The business of the GmbH is primarily the offering of medical in-home care services including ventilation for patients that suffer from debilitating diseases such as Amyotrophic Lateral Sclerosis (ALS), Muscular Dystrophy (MD), Guillain-Barre syndrome (GBS), and Chronic Obstructive Pulmonary Disease (COPD). Other services include Acute post-patient care, Respiration optimization and monitoring of long-term home respiration with nationwide care available within 24 hours for all respiration cases.
The GmbH currently operates in the Stuttgart area with 7 local checkpoints with plans to open additional checkpoints throughout all major Germany cities. The checkpoints are locations where nurses pick up medication, supplies and equipment prior to visiting the patients in their homes.
At the present time, the GmbH has 103 employees of which 80 are nurses responsible for maintenance and care of patients.
"Ambulatory care services and nursing care is a 27 billion EUR annual market in Germany and now as a result of the acquisition by Overtech, we will have access to the capital we require to expand across the major centers in Germany," commented Dr. Orhan Karahodza. "We will be servicing a market need that exists today and that is growing at increasing rate every year. The Germany market for Ambulatory care services is expected to reach 50 billion EUR in 2020."
For the year ended December 31, 2013 the GmbH reported unaudited revenues of approximately USD$5,500,000 and net income of approximately USD$1,900,000 giving net margins of approximately 34 percent.
(Readers are cautioned that these are unaudited numbers and audited numbers may differ significantly).
Under the terms of the Share Purchase Agreement, Overtech through its wholly-owned subsidiary, will acquire the GmbH. The Company's President, Dr. Elmedina Adzemovic, will transfer on closing 40,800,000 shares of Overtech held by her to Dr. Karahodza for consideration for the acquisition. As additional consideration the Company will also pay a sum of USD$100.00.
Following the Closing, Overtech will merge with its subsidiary and change its name to Medicus Homecare Inc. Also upon closing, Dr. Karahodza will join Overtech's Board of Directors and be appointed its President, Secretary and Treasurer and Dr. Adzemovic will remain a director and the Chief Financial Officer of Overtech.
A finders fee payable by the issuance of 2,000,000 shares of Overtech will be paid by Overtech on Closing.
Closing is subject to a number of conditions, including customary due diligence and the delivery by the GmbH of the audited financial statements for the GmbH and its predecessor businesses required to be filed by Overtech with the SEC.
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Overtech cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Overtech's control. Such factors include, among other things: risks and uncertainties relating to Overtech's business plan, Overtech's ability to raise sufficient financing and Overtech's limited operating history. There is no assurance that the required audited financial statements will be delivered or that the Share Purchase Agreement will close. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Overtech undertakes no obligation to publicly update or revise forward-looking information. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release. Investors are advised to carefully review the reports and documents that Overtech Corp. files from time to time with the SEC, including its Annual, Quarterly and Current Reports.
Contacts:
Overtech Corp.
Dr. Elmedina Adzemovic
+49 162-779-1628
OVET NEWS....OBVIOUSLY SOMEONE WAS RIGHT.....2 DOLLAR TAKE OVER, LOL...BUYING MORE BABY
OVET - News this AM - perhaps a RM
You people r idiots. Its going over $1!!!!! Happy I bought back 30k
I'm buying back. Rumor is there is a $1.00 + financing Pp...buying what I can at .60-.65
Pumped by Gryphone Digest, a group out of Belize
www.GryphonDigest.com
They recently began sending out alerts on CLTS so that is probably next
Just someone stirring the koolaid with a post on yahoo finance. Something to the effect of, "big move in the works, possible buy out at $3 a share as they prepare to launch their first iPhone app." Still, no other news other than its steady continuous and recently very tight rise. Idk if I'm drinking the koolaid yet, possible breakout, idk still new to this... Might just watch and learn. It's curious tho, OVETs history is rather new i don't think its pump and dump has really started & is yet to come. Somebody enlighten me on this one ... Lol I'm new
Is OVET being pumped anywhere ?
It defies all odds holding up after the split...
and going up to new highs ...
Any thought what is really going on here ?
sold the last of mine @ .515...nice one
just riding the rest of the shares, .58 now
have you been watching the MMs on this? Holding up very well...
yep steadily upticking paid off to have shares delivered late not always the case though lol.
longer you wait, the higher it goes...looks like a good one
Thanks...Scottrade. They're good when it comes to getting your new shares to you after a F/S.
congrats who is your broker?
Got mine and sold. More than doubled my $$$. Made almost $3,000. I'll take it. GLTA.
still haven't gotten shares have a feeling probably will be one of the last one's to get it lol
Very true. GLTY
I'm gonna take my chances and hold mine. See if maybe it's one those stocks that gets the pump job over a dollar. Seems like a lot of those do the forward split first.
Mine haven't show up yet. I hope there's not a mad rush for the exit today on the bid.
Yep...and will again.
I totally get what you're saying...he who gets his shares first will dump on the bid. That's the risk. If I am first then I will win. If not...oh well.
LOL you don't get what I'm trying to say.
anyway, good luck to all
That's the risk you take...
yes those shs are just f/s shs and PPs did open with 24/1 F/S adjusted price.
I really don't get where is divy shs that some of you guys talking about?
when you get your 12k shs try to whack the bid ...I bet it'll go under .20 (about)
maybe one or two people who gets the f/s fast MAY make few bucks but, rest of us will be lucky if we sell at even.lol (like me who bought this at around $4.65) lol
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