Previously used back in April as a “list builder” by a number of penny stock newsletters as an uncompensated promotion, Capital Group Holdings, Inc. (CGHC) has been terrible, despite what’s happening from within. In one of the shrewdest reverse takeovers in the healthcare industry, Dr. Michael Blumhoff, CEO of OneHealth Urgent Care, Inc. for nearly a year now, has managed to become the sole officer and controlling interest of CGHC stock. Having been successfully operating urgent care clinics since 2002, the pump from April has now become what could be a huge bounce candidate now that the trauma (and drama) has subsided.
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CGHC Stock Quote
Market Cap: 1.81M
Tuesday Close: 0.0196 ▼ -0.0068 (-25.76%)
Volume: 394,900
Dollar Volume: $8,070
Open: 0.023
High: 0.023
Low: 0.0196
Trades: 9
Authorized: 300,000,000
Issued and Outstanding: 92,198,221
14-Day Rel Strength: 36.79%
1st Resistance Point: 0.0219
1st Support Level: 0.0185
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If you were to pair up David Hasselhoff and Capital Group Holding’s Dr. Michael Blumhoff in bake sale, my money would be on the Doc based on the way he managed to muscle out his competition in the board room.
In an 8-K filed on Friday, details of how Blumhoff became the sole director of Capital Group Holdings by buying out Erik J. Cooper, Eric Click and Thomas P. Meola for cash payments of $54,165.32; $37,500; and $16,500 respectfully. Blumhoff, one of the co-founders, current President, CEO and acting Medical Director of Alliance Urgent Care, is a healthcare specialist when it comes to executing a business model. In 5 years, he has grown the enterprise to 7 operating centers with no capital funding and minimal debt.
To take control of the Capital Group Holdings, Blumhoff basically sued himself and everyone involved with the Company. As indicated in the 8-K filing (see here):
On August 8, 2013, Capital Group Holdings, Inc. and its wholly owned subsidiary, OneHealth Urgent Care, Inc., filed a complaint in the Superior Court of the State of Arizona, County of Maricopa (Case #: CV2013-010690) naming the following defendants:
- R. Michael Blumhoff Jr., M.D.,
- Day Barnes Blumhoff, Share
AUG
