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Wall Street Grand Report
Company: Virtualhealth Technologies, Inc. (OTCBBB: VHGI)
Current PPS: $0.18
You're not going to believe this but we have found a company that is positioned to capitalize on not one but Three of our favorite sectors!
The new pick we are talking about is VHGI currently at only $0.18.
VHGI is targeting three of the top performing sectors which are all set to explode this year! We are talking about Healthcare Technology, Energy, and Precious Metals -- Gold!!!
VHGI is already a revenue producing OTCBB that has been as high as $0.45 less than one year ago! If we were to see VHGI retest the highs we are talking about gains of 125% for our club!
Demand is pouring into this stock recently with above average volume and we could see this lead to a major breakout this week if we can break through resistance at $0.24!
Add VHGI to your RADAR NOW!
Even though the Company is now heading in a more aggressive direction with its energy and precious metal ventures let me go over what the current status of its Healthcare technology is.
VHGI originally acquired a company called Medical Office Software, Inc. which since 1984 has provided flexible, integrated medical office information solutions. Servicing over 1500 physicians nationwide, MOS professionals combine expertise in healthcare, finance, administration, information systems and customer service to provide you a complete range of turn-key medical office systems.
VHGI also provided Veriscrip products and services for real-time controlled prescription drug monitoring. The company also involves in reselling and supporting various physician practice management systems, including practice management software, electronic medical records software, electronic claims transactions, and e-prescribing solutions, as well as pre-packaged pharmaceuticals for the development of an in-house retail pharmacy to physician practices, and orthotic and prosthetic facilities. Its customers include state and/or federal agencies; and prescribers, including physicians, nurse practitioners, psychiatrists, and dentists, as well as pharmacies!
VHGI has recently decided to start divesting its healthcare portfolio while retaining royalty interests. The divesture would help to create an additional revenue source without further investment, as well as offer a potential stock dividend for VHGI shareholders of Wound Management Technologies, Inc. stock. So far WNDM has acquired VHGI's secure data and messaging provider, Secure eHealth, LLC, along with certain other technology assets like the Terms of the sale also include $100,000 in cash, a note for $400,000, and a three-year 10% royalty payable by WNDM and its subsidiaries to VHGI for sales of products containing the Veriscrip Technology.
Wound Care Innovations, a WNDM subsidiary, had been licensing VHGI's system solution from Secure eHealth and had been using the highly secure messaging system, document courier and database to share and compile information for ongoing evidence based case studies on its patented collagen CellerateRx® products for treating diabetic wounds. According to Jim Renfro, President of VHGI, "The completion of this sale now clears the way for us to begin focusing on the mining operations at Treasure Gulch and provides us with the capital to begin production."
This leads me to what really interests me which is the fact that VHGI is now taking advantage of its gold ventures! We all know where gold is going and that's UP!
VHGI owns a Lease-Purchase Option Agreement for the Treasure Gulch Gold Mine in Prescott, Arizona. Due-diligence material from Western Sierra Mining Corp, Inc. (WSRA, a public company owning the subject property) estimates Proven and Probable Gold Reserves in excess of $35 million! The first12 month proforma financials filed in the most recent 8k project revenue of 4.7 million and net income of 3.4 million from this property alone. The mine is part of a much larger parcel of property which includes eight mining claims in the Bradshaw Mountains of Arizona.
Not to mention that the Proven and Probable Gold Reserves estimates in excess of $35 MM are using a valuation of only $800.00 per ounce! Think about this ... gold is already above $1,000 per ounce and is headed much higher in the upcoming years! The subject property is located south of Prescott, AZ within the Hassayampa District, and is composed of three claims. It is an old mine that produced gold ore from a narrow portion of the vein and from underground open stopes. The previously worked vein is 6' to 12' in width and the adjacent Zero extension, also a part of this property, is from 2' to 5' in width.
Recently, VHGI Gold secured both an extension of the Lease Period and a modification to the Treasure Gulch Gold Mine Lease Purchase Option. The Term of the Lease has been extended through February 15, 2013 for VHGI to conduct gold mining activities at the site, and they have also secured renewal options through 2023. Additionally, they have been granted a reduction in the strike price for the outright acquisition of the property through their Lease-Purchase Option. As there is an additional incentive to acquire the property within six months, they intend to explore financing options to complete this transaction subject to due diligence and feasibility studies.
"There are several mines in Arizona with the potential of producing millions of ounces of gold, the opportunities are bountiful because more areas are being discovered that produce more reserves than the previous," stated VHGI President Jim Renfro. "There are over 5 mines that Western Sierra presently has available that we are interested in exploring with each mine having the possibility of producing in excess of 300,000 ounces of gold. We do realize however that the key to any successful gold mining ventures are the locations. Our goal is to be in production and generating revenues by the second quarter of 2010," "We continue to move swiftly through Phase 1 Testing and inch closer towards gold production. Once started this effort is expected to increase our revenues dramatically,"continued Renfro.
Furthermore, On Monday, VHGI announced the formation of a new subsidiary, VHGI Energy, LLC which marks the formal entry of the company into the oil and gas industry! We all know that both oil and natural gas are still very bullish and are heading much higher in the upcoming years so VHGI's timing is PERFECT!
According to Jim Renfro, VHGI President, “I feel that having added the oil and gas division to our expanding portfolio of mineral and energy companies it fully complements and formalizes our mission going forward.” Renfro continues, “Our goal from day one has been to become profitable and to increase shareholder value and to remain diverse enough that if changes occur in the market we are not hindered in anyway by those conditions in being able to grow the company.”
As you can see this Company knows where the money is to be made and they are not going miss out on the gold and energy boom that's imminent. Even though VHGI is at the beginning phases of these two new subsidiaries, we believe we could start to see a major in flow of great news from the Company this year and start to see some major developments. There are no guarantees but make sure to add it to your radar and look for a breakout past the resistance levels of $0.22 and $0.24.
Remember, VHGI has been trading way above average volume for the past week, trading over 3mm shares almost ten times the volume the week before which shows consistent demand for the stock. This is a very bullish sign and could mean that VHGI is poised for a breakout past the resistance any day now! Keep a very close eye on VHGI and make sure to book profits when you see fit!
More Updates To Come ...
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