ron also said the company was in dire straights by
Post# of 1039
Posted On: 10/19/2013 11:03:36 PM
ron also said the company was in dire straights by the end of 2011 and they made the decision to not file any disclosures to the sec in filings to save money and it took them from fully reporting and it is a decision he dose not regret as the gamble paid of big time.
Quote:
Toward the end of 2011 Medical Alarm Concepts it was in dire straits. We were out of cash. At that time we were forced with the decision to either close the doors or to forgo the accounting and auditing functions in order to save money . We chose to forgo the reporting process in order to survive . It is a decision I do not regret as the gamble paid off big-time and as a result we are now profitable with a very strong growth rate . The downside, however, was that we fell out of fully reporting status and this worried a lot of our investors. We took these concerns to heart and as soon as we were able to restore our bookkeeping and accounting functions we made a commitment to become fully reporting once again
reference source
Quote:
Toward the end of 2011 Medical Alarm Concepts it was in dire straits. We were out of cash. At that time we were forced with the decision to either close the doors or to forgo the accounting and auditing functions in order to save money . We chose to forgo the reporting process in order to survive . It is a decision I do not regret as the gamble paid off big-time and as a result we are now profitable with a very strong growth rate . The downside, however, was that we fell out of fully reporting status and this worried a lot of our investors. We took these concerns to heart and as soon as we were able to restore our bookkeeping and accounting functions we made a commitment to become fully reporting once again
reference source
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