Integrated Healthcare Holdings Inc (fka IHCH)

[dannol48]

IHCH Files Nevada Annual List

The Annual List of Officers/Directors was filed on the 22nd in Nevada and shows some key departures that provide further evidence the inside partner buyout step is completed (IMO).

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=A%252fHnE7zfElKsYtTy98Pr1A%253d%253d&nt7=0

The new list includes Dewald (Dir), Kanaly (Treas), Schoeffel (Sec), and Westbrook (Pres).

Missing are Jameson (Dir), Meka (Dir), Metzler (Dir), Niebla (Dir), and Thomas (Dir). Westbrook was also formerly listed as (Dir) as well as (Pres). Meka and Metzler were representing OCPIN (the group bought-out by Chaudhuri), and their absence is a strong signal of that groups departure (IMO).

If I had to guess the amount of that 20.3 Cents (suggested by Silver Point NOT Chaudhuri) that was against the business only (exclusive of debt and legal settlements money), I'd guess about 2.3 Cents or 1/3-off the 3.5 Cent book value that was target on a restored business with no debt. 3.5 Cents was the basis for the former 2x buyout with 7 Cent warrants on the old 2010 debt restructure in the bankruptcy debt buyout deal. That 2.3 Cents reflects the 1/3 decline in the business tracked by the decline in admissions. Silver Point members dumping warrants for a Nickel at a loss last year should be enough evidence of trouble to make that possibility a clear danger (IMO).

Oh, and if you don't think there was a big chunk of legal settlement money that crossed the table, then you didn't pay attention to who got money. Anyone spot Harry Lal in that 13-D/A last September? Who is Harry Lal and why were his 6.5 Million float shares bought? That name made me step-back and chuckle. He's not an insider/partner. When you figure that one out, you'll get my point. It's why I thanked them for the heads-up.

If I'm correct about a restructure and devaluation, I could see a very low-ball number coming for final. Now, whether I'm correct or incorrect is/was irrelevant to whether selling into runs above 7 Cents was/is a good idea for swing trading. That's a matter of risk assessment on a now DARK buyout coming and a 1 Cent final buyout wouldn't surprise me. If you wish to believe 20.3 Cents is coming, well, that's your risk. I don't like it, and chose not to play in that game.