here is apost from appalled that I thought was worth sharing over here it is from the other board. good info here.
appalled
Wednesday, September 04, 2013 10:13:04 PM
Re: None
Post # of 31174
OK. Here are the results of my phone call to MDHI this afternoon.
1) Any residual income on international sales? No
I followed up with if this would be true for China as well. The answer was essentially: the China agreement is not complete yet so there are no guarantees but as of now MDHI will be in charge of and paid for the monitoring.
2) Is Costco arrangement drop shipping? Yes
3) Why are 2012's taking so much longer from receipt to postings than 2011 did? Auditor has been on vacation
I followed up with if this is the inhouse auditor reviewing the numbers and was told essentially: the independent auditor has been on vacation. The numbers have been completed but the 10-k itself has not
4) If 2013 audited financials are taking a long time, will MDHI post un-audited ones to update shareholders until the audits are complete? No but this was followed with essentially: paying accountants to do both unaudited and audited numbers is an unnecessary redundency and that no one will be satisfied with unaudited numbers after MDHI has been getting caught up with the audited ones. At this point the company feels it is better served producing the audited numbers late than unaudited numbers at all. I would have a hard time arguing with that logic as long as audited 2012 appears soon.
Finally based on rokkdatstock's request I asked if MDHI can provide any additional information about the new wireless feature. The answer was very complete, telling me essentially: Currently the wireless connection is a small add on upgrade device that can be plugged into any existing medipendant. The next generation medipendant that will have the wireless built is not available yet. The wireless capability is what MDHI feels is important to advertise at this time more so than who the carrier is because MDHI expects to have multiple carriers. ATT is the first provider to sign on with MDHI to provide wireless service .
appalled
Wednesday, September 04, 2013 10:13:04 PM
Re: None
Post # of 31174
OK. Here are the results of my phone call to MDHI this afternoon.
1) Any residual income on international sales? No
I followed up with if this would be true for China as well. The answer was essentially: the China agreement is not complete yet so there are no guarantees but as of now MDHI will be in charge of and paid for the monitoring.
2) Is Costco arrangement drop shipping? Yes
3) Why are 2012's taking so much longer from receipt to postings than 2011 did? Auditor has been on vacation
I followed up with if this is the inhouse auditor reviewing the numbers and was told essentially: the independent auditor has been on vacation. The numbers have been completed but the 10-k itself has not
4) If 2013 audited financials are taking a long time, will MDHI post un-audited ones to update shareholders until the audits are complete? No but this was followed with essentially: paying accountants to do both unaudited and audited numbers is an unnecessary redundency and that no one will be satisfied with unaudited numbers after MDHI has been getting caught up with the audited ones. At this point the company feels it is better served producing the audited numbers late than unaudited numbers at all. I would have a hard time arguing with that logic as long as audited 2012 appears soon.
Finally based on rokkdatstock's request I asked if MDHI can provide any additional information about the new wireless feature. The answer was very complete, telling me essentially: Currently the wireless connection is a small add on upgrade device that can be plugged into any existing medipendant. The next generation medipendant that will have the wireless built is not available yet. The wireless capability is what MDHI feels is important to advertise at this time more so than who the carrier is because MDHI expects to have multiple carriers. ATT is the first provider to sign on with MDHI to provide wireless service .
