SOLI .25s acquiring KBMedical which in turn owns C
Post# of 98044
1.) Back in October of 2017 SOLI put out some filings to get current as a Pink Sheet no filer. Listed in those filings was Mr Scott and Mr Joshua Flood has purchased the dead Grey Soli shell.
2.) Mr Flood and Mr Scott Merged into the SOLI shell. Their company called. Clinical & Herbal Innovations in a one for one stock exchange. It was Executed on Oct 20th 2017. Clinical Herbal sell Panaxol. A supplemental for opening the Air Ways to Blood Vessels etc...
3.) CHI became a Subsidiary if Soli with Patents etc owned by Mr Scott leased to Soli
4.) After that. SOLI Essentially went dead quiet. I and threewheeler essentially we’re stuck and just waiting with dead gray market shares.
5.) Out of the Blue on 9-24-2018 almost a Year Later SOLI Filed their Form 10 (10-12G).
6.) SOLI wasn’t even connected to OTC Markets or IHUB Sec wire and I had no idea that filing even came out until ThreeWheeler saw it and posted it to me on IHub.
7.) In the Form 10 it listed that in June of 2017 Mr Scott our CEO Purchased controlling interest from the ex CEO Mr Paul Spivak in a Private Transaction. Page 1 of the Form 10 under History.
8.) Once that transaction took place all previous management was removed and new management put in place.
9.) On November 6th, November 26th and Dec 13th Amendments came out in the Form 10 tweaking a few things here and there. Like the Patent info of Panaxol etc... Small stuff.
10.) In the last Amendment 10-12G/A on 12-13-2018 under description of business I noticed a small Paragraph that said they ones to raise the necessary funds and make an acquisition in the healthcare market. (It also mentions it in the other amendments I just never noticed)
11.) On Jan 15th 2019 the 8k came out of no where on the Soli acquisition of CareClix. It was a LOI and a DD period ending in Jan 31st per the 8k and if all parties agreed we would go to close.
12.) On February 26th the Binding signed definite 8k came out confirm both Parties has Signed and Agreed to go to Close on April 15th. Per the agreement in the 8k and the Share Structure was to be untouched as it has been. Float 49 mill OS 116 mill Mr Scott owns 64 mill Restricted.
13.) Form D hits for basically Friends and Family and Big investors to raise 3 mill. In the Form D it specially states 1 mill will go to CareClix for the closing of the Acquisition.
14.) Per the Feb 8k SOLI will have been admitted to trading on Pink Sheets or am equivalent Exchange prior to or at Closing.
15.) Per the Feb and Jan 8k. NDA’S were signed by both parties in July of 2018 and also agreed there would be no public Pr’s until the acquisition was completed.
On a Side note. Mr Scott has Known Mr Korangy well for many years. Its out there in the public eye. Mr Budhrani is so well recognized and also runs Innovation Healthcare.
SOLI is staying Soli and CareClix is staying CareClix as a Subsidiary of SOLI and operating business as usual. CareClix Management is receiving employee contracts etc.. Which will probably has stock options like Big Boards etc..
Per the Form D a new BOD will he created as well.
Lastly and it’s totally my opinion only. To answer your last question. YES it’s only a handful of people that know this Acquisition is taking place. Us here on IHub and insiders only. It’s my opinion that the relationship Mr Scott has with Mr Korangy made it easy to make the decision to go public via SOLI and not the long expensive drawn out way onto the big boards directly. I believer SOLI will turn into a conglomerate like TDOC and we will be making many more Acquisitions over the coming years.
We are in a very rare opportunity here and I hope this answers all of your questions and explains the time line properly. TDOC is a Billion dollar company that is experiencing massive growth and CareClix is following its exact foot steps. CareClix is affiliated with so much exposure I cannot even list them all here and is even opening up over seas in Dubai etc... John Hopkins is involved. Aetna, GE Healthcare, Verizon and so many more.
Hope this helps.
Regards
Authorized Shares
300,000,000
03/26/2019
Outstanding Shares
116,410,890
03/26/2019
Restricted
67,323,890
03/26/2019
Unrestricted
49,087,000
03/26/2019 per filing SS must remain the same, so no r/s, or dilution possible, as filing also states zero debt coming into SOLI
Smitter