Sanomedics Intl Hldg (OTCMKTS:SIMH) Files Quarterly Report And Crashes
Sanomedics Intl Hldg (OTCMKTS:SIMH) has been sinking like a stone ever since it filed its latest 10-Q, for the period ended Sept. 30, 2014.
If it isn’t obvious enough, one look at the charts clearly indicates that the SIMH‘s downfall is directly linked with the aforementioned report. It hit the web at 10:41 on Nov. 14, and as soon as investors had a couple of minutes to browse through the horrible financials, the ticker was headed down.
- Cash – $40 thousand
- Total Current Assets – $763 thousand
- Total Current Liabilities – $6.4 million
- Quarterly Net Revenues – $83 thousand
- Quarterly Loss From Operations – $772 thousand
- Quarterly Net Loss – $1.6 million
Honestly, with results like that, it is no wonder investors decided to abandon ship. This report must have been the last straw for many of the company’s supporters, who finally decided that they wouldn’t put up with SIMH‘s shenanigans any more. And who could really blame them?
After all, the only thing that has come out of SIMH ever since the Ebola craze hit the US is false advertising, exaggerated claims, baseless boasting and toxic dilution.
