Sanomedics Intl Hldg (OTCMKTS:SIMH) Manages to Claw to a Green Close
Yesterday Sanomedics International Holdings, Inc. (OTCMKTS:SIMH) recorded its lowest dollar volume since the ebola craze gripping the US put the company’s thermometer in the spotlight. SIMH traded over 18 million shares and remained red through almost the entire session before clambering to a green close at the last moment.
The company’s claim to fame in the midst of the ebola panic is its Caregiver infrared contact-free thermometer. After the Center for Disease Control ordered a batch of just under 100 SIMH thermometers and the news hit the wire on October 10, SIMH stock went from thinly traded to selling like hotcakes.
The press releases that aim to both inform and keep investors excited about the company’s immediate future are supplemented by SIMH‘s Twitter account which went from a post every other day to a dozen of daily posts. Some of the posts in question contain highly debatable statements.
One Twitter post published yesterday suggests that the company’s Caregiver thermometer is “the only clinical grade non contact thermometer”. Anyone with access to the Internet should be able to figure out that there are a number of other companies that produce and sell clinical non-touch infrared thermometers such as TempIR, VeraTemp and Santa Medical, so this claim is simply not true and skewed information is the last thing investors need when making decisions.
At least the situation with SIMH‘s outstanding share number is now cleared up. A Schedule 13G made public yesterday discloses that SIMH actually had 33,898,486 common shares outstanding as of October 13.
