Anybody aware of anything with this stock? I know they had won some big judgement against another company last year and had added it to their assets, but had to restate and remove.
Stock was 6 cents last week and closed at 11 cents today. Lots of volume over the past week. Latest quarterly report wasn't worth doubling over; was it?
OTC stocks are for trading imo not 'investing'. Professionals Moderator
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I don't see any PRs, not on Yahoo anyway..just SEC filings....Did a scan for any outfits being paid to pump and didn't find anything current. Just an outfit back in Feb of 2004.
I don't see anything in the 10qsb that jumps out, but I'm one who doesn't consider balance sheet/fundamental considerations of great import when looking to profitably trade otc stocks....Volum of 10,000 today doesn't say much. I like the share structure, only about 14 million oustanding and 100 million authorized as per otcbb.com...but that's old info. If you can update those numbers if they've changed that'd be great.
I can't pull a chart at stockcharts.com...and that's annoying. I think you might be onto a good one here. Is there potential for a good story that'll grab people's attention do you think?
Come and join me in "THE SWAMP", the OTC swamp that is. Help me identify which stocks have the postential for BIG GAINS before the industry hacks start pumping and dumping them.
It looks like in their latest 10QSB, that they're trying to change their business model. From their report;
"Non-CHP accounts receivable (Fee for Service Revenue), aggregating approximately $548,154 for six months ended June 30, 2005, as oppose to $1,806 for comparable period in 2004. This receivable relates principally, to medical services provided on a fee-for-service basis, and are reduced by amounts estimated to be uncollectable."
That's a 300% increase - not too shabby if they can maintain that.
Outside of that, there's not much - and trying to find anything else out is like pounding your head against a wall.
Meridian Holdings, Inc. Declares a Dividend Distribution of CGI Communication Services, Inc. Common Stock Friday September 2, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Sep 2, 2005 -- Meridian Holdings, Inc. (OTC BB:MRDH.OB - News), announced today that pursuant to the written consent of the board of directors of both Meridian Holdings, Inc, and CGI Communications Services, Inc., (Other OTC:CGIC.PK - News) dated August 24, 2005, in which it was approved that Meridian Holdings, Inc., declare a dividend of shares of CGI Communications Services, Inc., Common Stock it owns, to each of its shareholders with the exception of all current and past officers, directors and affiliates, by transferring or causing to be issued one (1) share of the CGI Stock for every ten (10) shares of Meridian Holdings, Inc., common Stock held by each of such shareholder ("Dividends") of record as of September 26, 2005. Both Meridian Holdings, Inc., and CGI Communications Services Stock Symbol remains the same.
"We wish to seize this opportunity to thank all our shareholders and wish them a happy Labor Day weekend," said d**e, Chairman and CEO.
Meridian's CAPNET IPA Enters Into a Management Services Agreement With Regal Medical Group Friday December 23, 6:00 am ET
CULVER CITY, CA--(MARKET WIRE)--Dec 23, 2005 -- Anthony C. d**e, Chairman and CEO of Meridian Holdings, Inc. (OTC BB:MRDH.OB - News), announced today that CAPNET IPA has entered into a Management Services Agreement with Regal Medical Group "Regal," based in Northridge California
Under the terms of the agreement which becomes effective immediately, Regal will evaluate contracts and represent CAPNET in negotiations with payors, hospitals, ancillary vendors and physicians who provide medical services to enrollees on behalf of CAPNET. Simultaneous to this agreement, the parties have executed a virtual pool agreement that allows CAPNET access to over 17 managed care contracts with various HMO/Payors within Southern California.
"We have great confidence in the talents and synergies presented by this strategic relationship with Regal. We believe that this agreement will provide us with the ability to rapidly grow our IPA patient membership within Southern California, thereby increasing our revenue stream, and provide more value to our shareholders,'' said d**e.
"We are very excited in this relationship with CAPNET, and will help bring more value to their provider network," said Will Jukes, Regional Vice president of Regal Medical Group. "Since our formation is 1982, we have been at the forefront in search of excellence. By combining the benefits of a well-managed and centralized administration function with the personalized attention of community based groups and individual practitioners, we offer a fresh perspective and sound solutions to health care challenges," Jukes said.
About Regal Medical Group
Regal Medical Group represents the future in medicine. Throughout the history of our medical group, we have diligently invested our time and resources in the development of programs and services responsive to the healthcare needs of today's patient, while adapting to the increasingly diverse needs of tomorrow's health care agenda. We design our networks to offer patients a comprehensive range of medical care in convenient locations, provide the affiliated physicians with access to managed care contracts and establish a single provider source for health maintenance organizations ("HMOs") and other payors to proactively manage physician and hospital networks.
About Meridian Holdings, Inc. and CAPNET IPA
Meridian Holdings, Inc. is a Healthcare Services and Technology Company. Meridian's network of affiliated companies is designed to encourage maximum leverage of information technology, operational excellence, industry expertise, and synergistic business opportunities. Meridian is committed to building shareholder value by positioning affiliated companies as independent business entities in which Meridian shareholders enjoy equity participation. The company's CAPNET IPA business unit is an Independent Practice Association physician network, located within Southern California. For more information please visit our website at http://www.meho.com and http://www.capnet.com respectively.
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