MEHO .04x.05.When I had made the post below, MEHO was .022, and could not figure out why so low.
Well today it looks healthier for some reason volume keeps coming lately and price moves up.
To:Taki who wrote (102948)
From: Taki Tuesday, Apr 2, 2002 1:00 AM
View Replies (1) | Respond to of 103776
MEHO, 10k out.Revenue up big from a year ago.READ all is fun=Number 10)
1)I see book value still at .0478.
2)Revenues up big.
3)No dilution from a year ago.
4) Stock Repurchase
On September 11, 2001, the registrant announced that it has repurchased a total of 250,000 shares of its Common Stock from its shareholders. The registrant has 93,706,485 shares of Common Stock issued and outstanding as of December 31, 2001.
5)As you can see below, most of the outstanding is control by insiders.More than 80%.
6)The float is small.
7) We plan to list our common stock on the new exchange to be sponsored by NASD in 2003. This new exchange will be known as Bulletin Board Exchange(SM) or BBX, a listed market place, with qualitative listing standards but with no minimum share price, income, or asset requirements therefore allowing entrance to a wide array of listings. According to NASD, companies trading on the BBX will be differentiated from those over-the-counter in that their market symbol will begin with a the letters "XB", and unlike the current OTCBB issuers will be allowed to choose their own three-letter market symbol. In addition the BBX will have an electronic trading system to allow order negotiation and automatic execution. The current OTCBB will be phased out in 2003 according to NASD, and in its place will be the BBX.
8)CGI COMMUNICATIONS SERVICES, INC.
CGI Communications Services, Inc., a start-up company, delivers broadband communications solutions including high-speed Internet access, data, voice and video services over a revolutionary national network to a wide spectrum of business customers. CGI Communications Services is also a specialized Vertical Market Applications Services Provider (VMASP) subsidiary of Meridian Holdings, Inc. The Company's fully integrated, cost-effective solution approach gives businesses little reason to search elsewhere for the same solution that would be delivered by 2 to 3 different companies, each specializing in one facet to the whole solution. Because our network is smarter than the competition and we have extensive experience in deploying multi-faceted Internet solutions, our plan is to brand CGI COMMUNICATIONS SERVICES as the clear market leader in delivering solid, complete and cost-effective network solutions to businesses that need to integrate the utility of the Internet into their operations.
By combining enabling technology with industry leading companies supplying telecommunications, medical products and services, CGI is poised to make InterCare.com-dx, Inc.'s ICE(tm) Suite of clinical applications, the global leader in providing comprehensive telemedicine and telecare solutions. CGI will now begin a Pilot-testing of this technology among over 500 healthcare providers affiliated with CAPNET IPA, an integrated healthcare delivery system, located in Los Angeles, California, managed by Meridian Holdings, Inc., the ASP version of ICE(tm) when released.
INDUSTRY
According to TeleChoice, a telecommunications consulting firm, the market for digital subscriber lines (DSL) has charted growth of 300% for the first half of 1999, well beyond analysts' expectations. Positioning itself to give cable modem competition a good run, DSL is a technology that uses digital coding to push up to 99% more information through a regular copper phone line. The result is that the line can transmit data using a higher frequency, and simultaneous voice and fax using a lower frequency. DSL services the "last mile"- the area stretching from the central phone exchange to the customer - that has proven such a challenge in providing fast connections to businesses. Laurie Falconer, DSL analyst at TeleChoice, expects market growth for DSL to speed up, and competition to increase. "There's a lot of demand for it," she says. Falconer claims a main factor to separate the market leaders and losers will be the viability of the targeted market. The Company is aiming to attract multi-location businesses to its products and services.
Published figures and projections about growth of the Internet vary, but agreement about rapid expansion is standard. A new study of the Internet telephony business by Killen & Associates, a telecommunications research and consultant group in Palo Alto, Calif. Forecasts an $8 Billion market by the year 2003 for providers of IP services offering voice, fax and video capabilities. Recent mergers of telephone and cable companies, and acquisitions of Internet technology companies predict that broadband access is the future of the online world.
The Internet's increasingly pivotal role in business via Web content, e-commerce and virtual private networks (VPNs), combined with the lack of affordable, high-speed access solutions for small businesses, have created a large niche for DSL services. Although the market is still nascent, Morgan Stanley Dean Witter & Co. estimates the U.S. DSL service market for access alone will reach $7 billion
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to $9 billion by 2002.
Although local phone companies are in the best position to offer DSL because they own the core infrastructure that supports it, until very recently, they were reluctant to market these services to business customers. According to New York-based Bank of America Securities LLC senior analyst Michael Renegar, ILECs ("Incumbent Local Exchange Carriers") won't aggressively sell DSL services to businesses. "DSL will cannibalize existing T1 service, for which ILECs typically charge $1,000 a month," he says. "It would reduce margins considerably."
9)BUSINESS STRATEGY
CGI Communications Services, Inc., intends to capitalize on the enormous public attention focused on the Internet and the need for increased bandwidth by increasing its' telemarketing sales and technical support staff, targeting its advertising to its core audience, and by providing the most efficient, lowest-cost high speed Internet service in its service corridor. CGI is focusing its marketing efforts to specialty and small business entities. CGI recently entered into a joint venture relationship with TeleHealth Consulting, LLC, to deploy the web-enabled version of ICE(tm) suite of clinical applications to physicians and healthcare providers in the continent of Africa and Asia during when the first phase of this project began later in the fall of 2002.
10)Why so low price now?Because only scams go up Taki.
LATELY even chapters 7 go up 100% stock value in a day.For ex GGEN was up 100% the bid today.Unreal.
While MEHO's Bid is not much higher than this pos GGEN.
USTI had awesome revenues and earnings today, and the stock goes down.
MOAT the other day big profits stock does not go anywhere.
EDII earnings per share of .01, and the stock goes down.
UNFBELIEVABLE.
Medical services revenues increased by 50% from $1,875,821 for the twelve months ended December 31, 2000 to $2,808,026 for the twelve months ended December 31, 2001. The increase in medical services revenue is attributed to increase in membership enrollments, as well as increase in per member per month capitation revenue received from the HMO.
Cost of Revenues
The cost of revenue for twelve months ended December 31, 2001 is $888,208, compared to $1,172,439 for twelve months ended December 31, 2000. This represents a 32% decrease in cost of revenue. The decrease in cost of revenue is attributed to the increase in the per member per month fee paid by the HMO, with no apparent increase in per member per month capitation fee adjustment paid to our contracted primary care physicians, since the registrant is required to set aside enough funds in its risk pool reserve to be used in funding the IBNR (Incurred but not reported) expense for one year. There is no cost of revenue associated with software sales during the comparable in 2001 .
EXPENSES
Of the $2,042,866 General Operating expense for the twelve months ended December 31, 2001, $80,833 was spent on research and development compared to $470,663, of general operating expense of $1,941,736 for comparable period in 2000This represents 83% decrease in Research and Development (R&D) expenditure. This decrease in R&D cost is due the recent restructuring of the registrant's operation implemented during the 2nd quarter of 2002, and theclosure of the Corsys Group (Israel subsidiary).
General and administrative expenses were $1,961,653 or 66 % of total revenues for the twelve months ended December 31, 2001 compared to $1,471,073 or 47% of total revenues for twelve months ended December 31, 2000. The increase in general and administrative expense is due to increase in volume and the amount of medical claims paid to hospitals, physicians and other ancillary services providers, during the twelve months ended December 31, 2001.
INCOME/LOSS FROM OPERATIONS
The registrant recorded a loss from operations for the twelve months ended December 31, 2001 of $11,254, compared to net income of $102,555 during comparable period in 2000.
ITEM 11. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth, as of December 31, 2001 to the extent known to the Company, certain information regarding the ownership of the Company's Common Stock by (i) each person who is known by the Company to own of record or beneficially more than five percent of the Company's Common Stock, (ii) each of the Company's directors and executive officers and (iii) all directors and executive officers as a group. Except as otherwise indicated, the shareholders listed in the table have sole voting and investment powers with respect to the shares indicated:
Name And Address of Beneficial Owner Title Amount and Nature of Status Percent of Class
Beneficial Ownership
Anthony C. Dike,M.D. Director 75,370,450 Active 80%
James L Kyle, M.D. Director 264,400 Active 0.02%
James W. Truher Director 409,000 Active 0.07%
Scott W. Wellman, Esq Director 297,985 Active 0.05%
Marcellina Offoha, PhD Director 271,900 Active 0.03%
Philip Falese, JD, MBA Officer 435,600 Active 0.05%
All Directors and officers
as a group (Six Persons) 77,037,335 80.20%
CGI Communications Services 11,115,000 12.0%
Other shareholders(1) 5,554,150 7.80%
Total number of shares outstanding 93,706,485 100%
Foot Note:
Total assets $ 5,683,424
Total liabilities 1,195,434
Total stockholders' equity 4,487,990: 93,831,485 shares outstanding=BOOK VALUE per share of .0478. |
