Last $0.45 USD
Change Today -0.005 / -1.11%
Volume 1.5K
MDHI On Other Exchanges
As of 8:10 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

medical alarm concepts hold (MDHI) Snapshot

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52 Week High
08/23/13 - $1.75
52 Week Low
02/27/14 - $0.15
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Average Volume 10 Days
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medical alarm concepts hold (MDHI) Details

Medical Alarm Concepts Holding, Inc. provides personal response monitoring services and related products to subscribers with medical or age-related conditions in the United States. It offers MediPendant product, a medical alarm that develops a two-way voice communication, as well as provides a three-way calling between the operator, the user, and the dispatched first responders. The company offers its product primarily for older people and physically disabled, as well as for anyone living or staying alone in their home. Medical Alarm Concepts Holdings, Inc. was founded in 2008 and is based in King of Prussia, Pennsylvania.

medical alarm concepts hold (MDHI) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $56.8K
Compensation as of Fiscal Year 2013.

medical alarm concepts hold (MDHI) Key Developments

Medical Alarm Concepts Holding, Inc. Auditor Raises 'Going Concern' Doubt

Medical Alarm Concepts Holding, Inc. filed its 10-K on Jul 17, 2014 for the period ending Jun 30, 2013. In this report its auditor, Paritz & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Medical Alarm Concepts Holding, Inc. will Change its Ticker to MDHI from MDHI.D

Effective March 21, 2014, Medical Alarm Concepts Holding, Inc. will change its Pink Sheets LLC stock ticker symbol to MDHI from MDHI.D.

Medical Alarm Concepts Holding, Inc. Files Notification of Corporate Action with the Financial Industry Regulatory Authority for Reverse Stock Split

Medical Alarm Concepts Holding, Inc. announced the filing of a Notification of Corporate Action with the Financial Industry Regulatory Authority (FINRA) to effect a reverse stock split at the rate of one share for each eight hundred shares currently outstanding and authorized. Additionally, the company is providing an update to investors relative to events at the company. Prior to the stock split there are approximately 4.14 billion shares outstanding, placing the company's total market capitalization at approximately $2.6 million. As a result of the reverse stock split, there will be 5,518,541 common shares outstanding. While the authorized number of shares will stand at 20 million after the reverse split is implemented, at this time there are no plans to issue shares in excess of the 5,518,541 with the additional shares being reserved for strategic acquisitions, employee retention and recruitment, or for issuances, such as for inventory acquisition, to ensure the company's current robust growth rate can be maintained. The Board of Directors believes a reverse stock split will increase investor interest in the company, improve the company's ability to form additional distribution and other business partnerships, improve the perception of the common stock as an investment security, decrease stock price volatility, and increase investor attention to its recent debt elimination and balance sheet restructuring efforts.


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