On March 9, 2017, Ems Find, Inc., (EMSF) announced the change of its name to Paradigm Group, Inc. as well as the change of its business strategy. According to this communication, the company will be operating as a Holdings Company, such as JPMorgan Chase & Co., Bank of America Corp. or Berkshire Hathaway Inc.. This news did not have a large reaction on the share price. However, in March, the company launched several businesses and the investors seemed to become exited since the share price soared reacting to the news.
Take a look at the chart, so that I can provide you more information later:
What did investors like about the new ventures?
888.RideShare Transportation
On March 22, 2017, we saw that the shares of Ems Find soared from $0.01 to $0.02 on large volume. The company had announced the beta launch of 888.RideShare, a transportation platform, operated by UBER Central, which will provide transportation services to seniors.
According to the press release, the company intends to provide its services to nearly 3.6 million Americans, who seem to be missing medical care due lack of appropriate transportation to their appointments.
According to the press release, a free telephone call to 888.RideShare will be sufficient to make the personnel of the company drive to the house of the patient. The company added that its rides will be helpful for doctor appointments, but also could be helpful for going shopping or visiting friends and family.The CEO of the company, Steve Rubakh, said that:
"Transportation is critical for all seniors, especially those who have mobility challenges, to stay in their homes as they age without being stuck at home because of a lack of transportation options, 888.RideShare service, in collaboration with UBER Central, makes it easier for seniors and caregivers to set up transportation while providing elderly with help they need to remain independent and be able to afford to get where they need to go."
Integration of its Ride Shareing App with Lyft
On March 31, 2017, the company announced its medical transportation app, which was recently created by integrating the Lyft phone application. The application will permit the users of 888.RideShare to use the Lyft application to commence the reservation processes as well as to calculate the cost of the ride.
I could find a fantastic video on-line about this application, take a look:
Steve Rubakh added the following about these new features:
"Our platform provides health care plans and providers an effective all in one solution to manage the non-emergency transportation needs of their members. In addition, this integration with Lyft® provides an additional transport option for patients who require basic transportation, but do not need the services of an ambulance or other higher level of care."
Were these two new communications responsible for the recent uptrend of the share price? Honestly, we believe so. The company recently changed its business strategy and only disclosed these new developments. There is nothing else that investors could be discounting apart from these pieces of news. We believe that if the company continues expanding the business the way they have done it this month, market participants will keep buying. Since market news are moving the share price in this case, it is very important that you receive information about this stock in real time in order to buy as the company releases new information. You can do it by subscribing to our newsletter.
How the company was created
EMS Find, Inc. has a lot of expertise combining business units and operating different business models. This fact may be seen by some investors as an interesting point now that the company wants to operate as a holding company. The company was incorporated on March 22, 2013 under the name of Lightcollar, Inc. and then changed its name on March 22, 2015 to EMS Find, Inc. Finally, on March 31, 2015, the company entered into a Share Exchange Agreement with EMS Factory Inc.
I could read in the last 10-K that Ems Find has also expertise in the development of phone applications. On June 30, 2016, the company released its EMS Find App in iOS, Android, and on the web. You can find more information about this app here.
Balance sheet and securities issued
Ems Find, Inc is a newly created company, and its business strategy has been renovated. However, the company has already acquired other business units in order to own assets and liabilities from other companies. We wanted to inform investors the state of the balance sheet so that investors can have a clear idea about the current picture of the company.
As of June 30, 2016, the company holds total amount of $2,540 in total current assets and an amount of $8,111 in total assets. On the side of the liabilities, the company was able to raise successfully a total amount of $188,131 in convertible notes and $1,208,414 in derivative liabilities. Some investors may understand that the company is very capable of engaging in new business ventures, since it has the ability to raise money from investors to finance new operations.
The company has issued common stock, preferred stock A, preferred stock B and stock warrants, but it seems to be out of the money at this point in time. We encourage investors to check the issuance of new securities, since it may represent an investment opportunity or a risk of dilution.
Conclusion
Ems Find, Inc. seems to be releasing news that investors appreciate since the share price soared when the market got to know the two new ventures of the company. In addition to these pieces of news, investors need to check that the balance sheet and the securities of the company are convenient for them. Since to be able to invest successfully in this company you need to stay informed, we will be updating our subscribers as soon as we know more. For the latest updates on EMSF, sign up below!
Disclosure: We have no position in EMSF and have not been compensated for this article.
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