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Spine Injury Solutions, Inc. (SPIN)

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0.2400+0.0400 (+20.00%)
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  • W
    William R
    OK, here is what is happening on SPIN: Nothing.. as far as the future of the company is concerned. In regard to the artificially induced rise in the share price, that is another thing. I believe the strategy of the "in crowd" of big time investors is to get as much as they can of their lost dollars back by very slowly putting up a few shares here for sale and few shares there for sale so as not to dump the whole ball of wax of their ill conceived investment shares in a lost cause onto the market at one time. They don't want to #$%$ the market and drive the share price back to where it ought to be at below 2 cents a share. They know that if they try to unload a large amount of shares on any one day that the first few shares may sell at a "good price", if you consider losing still a ton of money on this loser as a "win", but subsequent shares on the same day would only find a fraction of the initial day's price if, in fact, they were able to find a buyer at all.This is Dribble Down Sales technique and they have been doing it for months now, quietly dumping what amounts to large number of shares by selling only a smidgeon at a time. Actually a pretty good strategy, although they still won't recover a great deal on their investment, just more than the ever could by trying a big dump at one time.Anyway, that is my take on things. The company is still worthless, regardless. Just my opinion. You have a right to a more optimistic view. My plan remains: Sell this garbage before the end of the year as a Tax Loss for the Tax Year of 2021.
  • W
    William R
    Down almost 7 cents (20%) this morning, but look at the Volume: 500 Shares. Almost nothing regarding Volume traded so I am taking this downturn with a grain of salt. Nothing much will happen until SPIN announces new QVH Sales and/or Affiliates. According to the information from the last Conference Call we should be seeing something in that regard here in December... possibly re: a Louisiana connection, which would widen the area of impact from just the State of Texas to 3 States: Texas, New Mexico and Louisiana. This would qualify for establishing a Regional footprint. Last year the company hired someone to promote growth of the company into the North East US. So far no obvious results from that effort, but who knows how much ground work has been laid in the meantime in promoting SPIN and QVH in the North East US and even more importantly, who knows how much the harvest will eventually be from those efforts? Hopefully SPIN will soon enter the market place with representations in the North East US as well as the South West. 2018 could be the veritable "inflection point" for the company and its investors. Only time will tell. Here is hoping for a terrific 2018 regarding company growth and company footprint.
  • G
    G
    Looks like something woke up!!
    Bullish
  • W
    William R
    HOUSTON, March 23, 2018-- Spine Injury Solutions, Inc. will hold a conference call on Thursday, March 29 at 4:20 p.m. ET to discuss its financial results for the fourth quarter and fiscal year end December ...
    HOUSTON, March 23, 2018-- Spine Injury Solutions, Inc. will hold a conference call on Thursday, March 29 at 4:20 p.m. ET to discuss its financial results for the fourth quarter and fiscal year end December ...
    finance.yahoo.com
  • W
    William R
    It is now almost 3 months since the AGM back in January. See if you can find one PR anywhere, especially on the SPIN website, that refers to anything that happened at that meeting. Communication with stockholders has never been much of a priority for SPIN management, now or in the past.
  • W
    William R
    I challenge Dr. Donovan, Mr. Bergeron and Mr. Gary Giblen to actually produce a NR regarding the sales history and forecast for future sales at SPIN and especially to produce a NR regarding the 19 January 2021 AGM. A legitimate company with a positive future expectation would have no difficulty in meeting that challenge. Each investor has to do his or her own diligence and that is always good advice, but it it particularly good advice if he or she is considering investing in SPIN. Just 'sayin. JMO Check for yourself!!
  • W
    William R
    and the Snooze continues. We have had no news since November? Something like that. I don't often agree with Amigo Mike, but pessimism rules supreme in the absence of positive news. In this case positive news would be new Affiliates and we just don't have that kind of news. The troops are really restless as evidenced by comments of share holders elsewhere.... and with damn good reason. Currently this is a very discouraging situation. I don't know if "looking forward" is the right sentiment for how I feel about the next Conference Call and Quarterly Financial Report, but there isn't any doubt that share holders will be very attentive of whatever comes with the next CC. I suspect it will be a highly emotionally charged event... again, with good reason.
  • W
    William R
    So, how much will be the dilution? 10,000 to 1 was one of the options on the table for "management". 10,000 to 1 !!!!!! Unbelievable? Yeah, from any honest management team, but after all we are talking about SPIN, so anything is possible. Have you seen tha latest PR from SPIN management regarding the 5 issues that were up for share owner's vote? That's OK, no one else has seen it either. Isn't communication wonderful? Well, for any company except SPIN. "Consolidation" was just a fancy term for dilution... make that dilution big time.
  • W
    William R
    DOW crosses 26,000 SPIN.. Snoozes.
  • W
    William R
    Check out the "Income Statement" for SPIN here on Yahoo Finance. I was almost blinded by all the negative signs in front of the numbers. Lots and lots of negatives. Don't accept my word for it. Check for yourself. After reviewing the Income Statement you should ask yourself if this is really a company you want to invest in with your own money? I am not dishing on the company in the least, the Income Statement speaks for itself and doesn't need my interpretation.
  • W
    William R
    The acual Notice about the proposed Annual Meeting of Stockholders for 19 January 2021 is really a revealing document. It should not be overlooked by anyone contemplating investing in SPIN and it is available on the SPIN home page.
  • W
    William R
    Dr. William Francis Donovan CEO, Pres & Chairman 27.69k N/A 1943

    Mr. John R. Bergeron CPA, CPA CFO & Director 110k N/A 1957

    Mr. David Spencer Chief Technology Officer and Chief Information Officer N/A N/A N/A

    Mr. Gary M. Giblen Director of Strategic Devel., Fin. & Communications N/A N/A N/A

    Dr. Matthew J. DeGaetano DC Sr. VP of Sales & Marketing N/A N/A N/A

    Mr. Richard Specht Corp. Sec.

    Listed by Yahoo Finance as the company officers for SPIN

    OK, take a look at Dr. Matthew J. DeGaetano DC. I could very well be mistaken, I don't think so, DeGaetano did exactly nothing for the company and isn't even associated with the company anymore. "VP of Sales & Marketing" so says Yahoo Finance.

    That brings up the obvious question: Exactly what have been the "Sales" and what has been the "Marketing" since DeGaetano did sign on with SPIN? Drum roll...... wait for it...... how about ZERO. Doesn't matter I suppose since he isn't with SPIN now, or if he is then the evidence clearly shows he has done: ZERO!!!!
  • W
    William R
    Bounces off 16 cents a share X3 today, 15 June 2021, with BID and ASK both listed as Zero. Looks like the potential for a merger, "actively" pursued by SPIN management with a private company may be more smoke and mirrors on the part of management, but who knows? Going to the company web site is a waste of time and effort since management hasn't made significant updates in over 2 years, one exception is that they did announce the 19 January 2021 meeting that occured in Houston, but then they failed to put any summation or even mention of the results of that meeting on their web site. Clearly, routine maintenance of their company web site is such a low priority for the company that it doesn't even exist. It is almost as if they prefer to do everything outside the focus of any public scrutiny since that is they way they have operated for over 2 years now. And the Soap Opera goes on... and on... and on.
  • W
    William R
    12 Feb 2021. SPIN down almost 13% today. Looks worse than it is. Volume isn't that much. Not much happening and, per usual, no "News". My opinion of SPIN is not something that should be used to form your own opinion. Quite simply: Just do your own research. If you can find positive reasons to invest in SPIN, then by all means... do so! I don't see any justification for making such a decision myself, but that is only my opinion. If anyone has reasons to the contrary and can support a positive view concerning SPIN then I would be more than willing to read about it and consider it. It could be that some positive news came from that AGM back on 19 January, it could be... but if that is the case, why wouldn't the company present that positive news in a PR? I don't see anything in the nature of a PR concerning that AGM... nothing.
  • W
    William R
    Spine Injury Solutions Reports Strong Q3 2017 Financial Results And Corporate Advances - Reminds For Conference Call 4:20 ET Today

    https://finance.yahoo.com/news/spine-injury-solutions-reports-strong-210500867.html

    Dr. Cronk gave a presentation that singled out the development of "Smart Injury Help Centers" as Hubs to further expand the Affiliates program. These Smart Injury Help Centers would incorporate patient examination, diagnosis, documentation of the complaint and the exam, pain management and when necessary surgical procedures. The Hubs would incorporate utilization of SPIN's QVH and QVHRx Technology. Dr. Cronk mentioned that video, as in particular the QVH Technology offered by SPIN, improves transparency, objectivity, patient care and it also has the added benefit of reducing fraud.

    Dr. Donovan and Dr. Cronk both addressed that the expansion of SPIN's Affiliate program would be with the proviso that physicians and other health care providers involved in that expansion would be those who willingly embraced using video and who were shown to be excellent practitioners in the first place, especially in the sphere of care for spine related problems. I took their comments to mean that they would be selective in adding new Affiliate hub locations and not just add Affiliates only to increase the numbers, but instead add on new Affiliates by first assuring that issues of quality of care were satisfied as the primary criteria of selection for addition.

    OK, having said all the above my biggest question had to do with wheather or not the company has made progress on its May 2017 stated goal of adding 10 to 12 new Affiliates within the next 18 months, i.e. by November 2018. There was some welcome news along that line. Early in the presentation it was stated that a 3d Party "out of State", meaning outside the State of Texas, sale is being conducted to a facility in New Mexico. It was unclear to me if this new facility will be an "Affiliate" or not, but either way just seeing the QVH Technology utilized in an adjacent State is a big step further. Later in the presentation someone had submitted a question asking about the possibility of a second sale or Affiliate being completed before the end of 2017 and the response appeared to be that it might be within the real of possibility.

    We are a long ways from the "ten to twelve" new Affiliated, but Dr. Cronk did say something late during the question portion that affirmed that this was still a good goal for the company to have. He did not disown that goal and that was encouraging.

    Bottom line: better than I had suspected. The New Mexico news was very welcome. The company made a very slight profit this last Quarter and that compares with a sizeable loss for the same Quarter last year so I guess you would have to say the company is making progress. Margins also improved.
    HOUSTON, Nov. 13, 2017-- Spine Injury Solutions, Inc., a technology-driven, medical service, equipment and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, ...
    HOUSTON, Nov. 13, 2017-- Spine Injury Solutions, Inc., a technology-driven, medical service, equipment and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, ...
    finance.yahoo.com
  • W
    William R
    Sham AGM on 19 Jan 2021 in Houston, Texas designed to effect a horrendous RS and to pump out millions of new shares from nothing.
  • B
    BOOT
    Can anyone tell me why 98.12% of Vol. shorted on 03 March??
  • W
    William R
    Snoozing into 2018. Let's hope for something to shake up the stock. Additional Affiliates might do the trick? Hmmmmmm
  • W
    William R
    I do think it is rather "strange" when a company doesn't post on its company website information like that from the 10-K SEC Form dated 31 March 2021. Why would a company not update its own web page for over 2 years? Have to see where this soap opera goes today.
  • W
    William R
    tchauncy did provide a link to the 31 March 2021 SEC Form 10-Q and that filing is worth at least a perfunctory glance if you believe there is still life left in SPIN.

    One thing that caught my attention was the following: "On August 31, 2020, Peter L. Dalrymple, a member of our board of directors, paid-off in full the outstanding balance of a term loan we had with Wells Fargo Bank, N.A. As consideration for Mr. Dalrymple paying off the term loan on our behalf, we issued Mr. Dalrymple a $610,000 one-year secured promissory note."

    Dalrymple is listed as a Director on the Board of Directors for SPIN. He seems to be the money guy who has kept SPIN from going under, but that loan generated back on 31, 2020 is a "one-year secured promissory note" so it must be due at the end of August this year. If that is the time frame then the clock is ticking on that promissory note and whatever the management of SPIN plans on doing as a "Hail Mary" they need to do it before 31 August 2021.

    An interesting statement about taxes from the 10-K:

    "NOTE 7. INCOME TAXES



    We have not made a provision for income taxes for the three months ended March 31, 2021 or 2020, which reflects our valuation allowance established against our benefits from net operating loss carryforwards."

    There was a positive statement, after all, about lease payments due to the company. A whopping $40,000 !!!
    "All of the Company’s outstanding lease contracts as of March 31, 2021, are scheduled to mature in 2021 with expected operating lease payments to be received totaling approximately $40,000."

    Another area of interest from the SPIN 10-K of 31 March 2021 included the following statements:

    "During the fourth quarter of 2018, the decision was made to discontinue involvement in future medical procedures due to our cash position, which also hampers our ability to pay back existing debt to a current director and shareholder. We did not perform any procedures in 2021 thus far or 2020 and will not do so unless we can access additional capital. The service revenue we have earned has resulted in longer settlement times, which has created a slowdown in cash collections. Additionally, despite our efforts to establish a market for the Quad Video Halo, such market has not met our expectations and we have cut back its development and operations.



    Moving forward, our main focus will be collecting accounts receivable, paying down debt and leveraging our position as a fully reporting public company for other investing opportunities.



    There can be no guarantee of us continuing as a going concern if we cannot obtain additional funds.



    We are actively pursuing a merger with a private company where they become the controlling company. We find this to be the best course of action for our shareholders.



    Additionally, the COVID-19 pandemic has made it difficult for us to collect our accounts receivable, as attorney and medical offices are closed resulting in delayed settlements and medical procedures being canceled, which affects our lease revenue. We are uncertain how this pandemic will affect our ability to collect in the future or its overall effect on our lease revenue."

    tchauncy seized on that part about: We are actively pursuing a merger with a private company where they become the controlling company."

    Well, they do have the Quad 4 equipment, what there is of it, and there was nothing wrong with the idea behind that equipment so maybe some legitimate company may take that bait, but remember that SPIN couldn't sell that Quad 4 idea to the medical community at large in the first place. Having a good idea and the patent on a good idea wasn't enough to generate expansion and sales for SPIN, so now a deep pockets real company is supposed to come in and sweep up those assets and make something out of them? Maybe, time will tell, but it has been a couple of years now or more without much of a spark from POET. It isn't as if this company only fell down yesterday.