Sanomedics International Holdings, Inc. (OTCMKTS:SIMH) Hesitates

[[tagnumber 0]][[tagnumber 1]]Sanomedics International Holdings, Inc. (OTCMKTS:SIMH) is a company which had it rough in the past months, as visible by their chart, but suddenly exploded on the scene after some optimistic press releases about their business.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ebola craze is real and it is everything in the OTC markets right now. Companies that have products that are even remotely connected to the disease are getting major attention and investors are swarming.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]One such stock is [[tagnumber 10]]SIMH[[tagnumber 11]], a company that announced its [[tagnumber 10]]Caregiver TouchFree™[[tagnumber 11]] thermometer has received an initial purchase order for 100 units from the Center for Disease in Control. Unfortunately, apart from the press releases the balance sheet of [[tagnumber 10]]SIMH [[tagnumber 11]]doesn’t look rosy.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here is what the company recorded for the period ended June 30.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 23]] [[tagnumber 24]]cash: $7,059[[tagnumber 25]] [[tagnumber 24]]current assets: $125 thousand[[tagnumber 25]] [[tagnumber 24]]total assets: $173 thousand[[tagnumber 25]] [[tagnumber 24]]current liabilities: $4.67 million[[tagnumber 25]] [[tagnumber 24]]total liabilities: $5.88 million[[tagnumber 25]] [[tagnumber 24]]quarterly revenues: $56,012[[tagnumber 25]] [[tagnumber 24]]quarterly net loss: $1.59 million[[tagnumber 25]] [[tagnumber 38]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Furthermore, their non–contact thermometer seems a bit overpriced, compared to other products with the same functions. We found that it was sold for $369 a piece on a certain website, when you can find infrared non–contact thermometers for less than $50 on Amazon.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There is also the claim that [[tagnumber 10]]SIMH’s [[tagnumber 11]]product is the “first” of its kind, while there have been non–contact thermometers for quite a while now. This certainly doesn’t make a good reflection on the credibility of [[tagnumber 10]]SIMH’s[[tagnumber 11]] statements.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 52]][[tagnumber 53]][[tagnumber 2]] [[tagnumber 0]]Maybe this, accompanied with the fact that the upward run was hype–induced is what drove the ticker lower in the last few sessions. Still, [[tagnumber 10]]SIMH [[tagnumber 11]]is doing its best to keep investor attention. In any case, be sure to do your due diligence and weigh out the risks before making an investment decision.[[tagnumber 2]]