You forgot to mention that the share price since 2011 has gone from $1.25 to 13 cents. Even at that price it's a poor value.
Money talks and BS walks.
These are real revenues and gross margins are over 90%
Millennium Healthcare (MHCC) sales:
2011 - $224,000 Reported
2012 - $1,686,000 Reported
2013 - $1,987,000 Reported
2014 - $17,000,000 - $7.4 million already reported and $10 million within days of reporting final year
2015 Estimated from pro forma - $50,000,000 plus
2016 Estimated from pro-forma - $100,000,000 plus
Shares are extremely cheap at $.15 (Fifteen cents) but not for long.
December quarter is close to being announced and earlier indications from company conference call indicated they could be 8 digits which will close 2014 out at $17,000,000 plus.
MHCC IS EXCEPTIONALLY STRONG BUY
Sentiment: Strong Buy
So, let me get this straight. These lawyers are going after a company that had a power outage from the weather and are attributing the drop in price to fraud at the company.
Isn't that an act of god and as far as losses in the company, isn't it paid by business insurance for something like that. So, after the insurance money kicks in, viola, no losses.
Hey MH, old QCOR penman! What's going on?
I bought AMRI on tip from a friend. You in too?
Agreed with the lawyers. Buying stocks is risky and losses happen all of the time but they also reward big when selected correctly. What a bunch of spineless pricks.
ambulance chasers...these lawsuits never go anywhere, esp as the stock usually recovers and there's no real damage to shareholders (unless they sell and take a loss), and even then, unless there's intent to deceive that's PROVEN, just a bunch of lawyers using this to abuse/waste our legal system.
I was just tweeted that. Can anyone confirm that?
it appears a reversal is in affect here. Perhaps this can get back over $20 by year end. What I do not like is how these lawyers feed on anything that has a slight drop. They are not trying to help shareholders but rather make themselves rich. After all they are the only ones that make money.
Oso Bio showed a loss in 2012 which was attributed to an equipment malfunction. Found this explanation in Oso Bio's SEC filing:
"Note 4 – Manufacturing Operations Disruption
During 2011, OSO Biopharmaceuticals Manufacturing, LLC had an unplanned shut down due to an equipment malfunction on one of the main manufacturing lines. The underlying issue has been remedied and the manufacturing line is now fully operational. In 2011, the Company recorded approximately $5,900,201 of costs related to the disruption and recovered $1,750,000 under its insurance policies. In 2012, an additional amount of approximately $2,200,000 was recovered under the Company’s insurance policy and is included in non-operating income on the consolidated statements of operations."
Sounds like perhaps a similar problem? Maybe they ought to consider some backups? I don't claim to know anything about Oso Bio, but in the past I've worked with companies that don't want to spend the money for backup equipment and it's always come back to bite them in the #$%$.
Are there any details about the cause of the delays and/or other factors that caused the loss? If these are one-time occurrences this could be a great time to add, but I'd like to know more.