CHF Solutions, Inc (CHFS)

[ash111]

$CHFS news. CHF Solutions to Present at The MicroCap Conference on April 9, 2018

Including one-on-one investor meeting. Company is well positioned a/o today. Solid balance sheet, best in years. Reminder: Morningstar has immediate Valuation above $5/sh

[ANIA77]

Agree
CHFS

[ash111]

Shorting CHFS at current price like a suicide. CHFS like RKDA ( which i mentioned at $4.4 backup w/DD, ran to $50 in 2 weeks) reduced almost All debt to zero exactly like RKDA which is most important step these days ( FED rate hikes..),also reduced operation expanding by 27% too. Profit Margin will be surged for sure upcoming earnings. fully dilued MC way below Cash on hand ($16m). Morningstar immediate valuation above $5 a/o today, many Catalysts, one pr..a matter if time if you ask me.
when a solid uptrend starts, those who jump in at $3 will do very well. So many small cap bios are absolute turds that refuse to go up, until one day they aren't. It could be tomorrow, it could be in weeks. That's why you do due diligence. When you know what you have, you don't mind waiting, you just want to make sure you are in when it goes, as you'll never time it perfectly.

[xukaitan888]

Good plan. I think it will keep falling to 2.5 maybe 2. No bottom here.

[toomorrow]

I had this on my radar, I was planning to buy the other day, but didn't, then the price kept falling, so I'm waiting now . . we'll see . .

[xukaitan888]

I thought you load a lot. I cleaned up those trash shares at 4.25.

[toomorrow]

I don't have any shares here. . . sorry!

[xukaitan888]

Better sell at dead cat bounce.

[toomorrow]

Not looking too good here . . triple zero coming?

[ash111]

Agree. 3.15 after hours. Will do more DD.

[ANIA77]

Yes, your concerns are valid based on 10k, especially when it comes to long term investment if there was no significant improvements through 2018 however there are things that I found interesting enough to grab some lottery tickets at this 52wk low and wait and watch more developments. As of now they have almost $16mln cash which gives them year+ to operate so that buys us time to just sit and wait and watch.. CHFS understand they have to boost sales and they are working on it. They attend conferences to get exposure. Within last couple of months or so they added people experienced in sales and marketing.
OS is very small and pps jumps like crazy on any update. Just think what would happen if CHFS drops news that they sign some exclusive contract which generates x amount of revenue .. this type of news can change pps over night and deliver huge gains and yes, based on new developments this is their priority, they are working on it, and anything is possible.
The truth is that if they were net positive, you would never be able to buy CHFS at this pps...

[chemist72]

CHFS January 17, 2018 stock options.

I'm new here, so don't know if this has been discussed already, but I found on Edgar about 211,000 stock options acquired by CHFS directors that have an exercise price of $3.55 - also the CEO, John Erb, received about 660,000 stock options with the same exercise price.

Below are the vesting dates for Erb's options:

1. The options will vest as follows: 25% of the options will vest on the one-year anniversary of the date of grant; the remaining options will vest in 36 equal consecutive monthly increments thereafter, so all will be vested on the four-year anniversary of the date of grant.

The director's options will be fully vested after one year.

[xukaitan888]

wait for $2, patience

[chemist72]

Just a lotto play for me.

Seems like I may have gotten in at a decent price. I agree that CHFS does not appear to be a solid long-term investment. So basically just taking a gamble here.

We'll see.

[chemist72]

Thanks for your opinions value1008

[value1008]

This morning i spent a few hours trying to figure out the allure of why people are buying CHFS here.

I suppose that big short-squeeze last Nov. 15, 2017, induced by momo-traders and CHFS' very low float, got everyone excited. But those kind of things happen on a whim and, imo, should not be relied on for a serious investment. But as a speculative play that it could happen again on any build-up of an outsized short position, then people are welcome to "go for it." But i certainly wouldn't put in any money you can't afford to lose. Also please be aware that the float is now larger because of the share-offering last Fall after the pps up-spike, and the short interest according to Finviz is down to 14.3%.

As for co. fundamentals, they look rather "thin". The Stanford trial is only beginning enrollment, according to the CEO and CCO. The PR on earnings day and the conf call (transcript is at S.Alpha) make it clear that CHFS is burning cash each quarter and not getting much return for it.

The CFO states that when we ex-out the impairment charge, their quarterly burn rate in SG&A expenses is about $3.3M for both this past qtr and the 4th qtr from 2016. That's $13.2M a year, annualized, in SG&A costs.

Yet their revenues were only $3.6M for the entirety of 2017. What will they make in 2018? No guidance from mgmt. Both the CEO and CFO could only speak of hoping to see better margins "later in 2018" because there's still a lot of inventory to work through created by the previous manufacturer, Baxter.

So it looks like another 1, 2 or more quarters of posting net earnings losses and burning through more and more of their cash holdings. So Price/Book metrics mean nothing here.

Finally, one has to look at the bigger picture about how the market regards CHFS. Surely there must be a sour mood over the fact that older shareholders have been completely wiped out over the past 14 months when the co. did a whopping 1:30 R/S on 1/13/17 and then another whopper R/S of 1:20 on 10/13/17. In other words, if you had 6,000 shares on Jan. 1, 2017, you now have 10 shares--worth less than thirty bucks.

Someone has been selling a lot of shares of CHFS in recent years and CHFS has now had to do two massive reverse-splits just to stay Nasdaq-compliant. Ouch. Speaking of selling shares, go to https://fintel.io/so/us/chfs to see how one Chinese investor (Dr. Li Chiang, of "Boston Biomedical" fame, buying for the "Li Chiang Family," which has only two investments) initiated a 235k-share position, another Chinese group (Choi Ki Yong) increased its million-plus-shares stake slightly by 80k, but other than that, EVERY OTHER INSTITUTIONAL HOLDER has reduced or sold out of its position over the last two reporting periods, especially Iriquois Cap Mgmt reducing from 515k shares to 33k shares, and the virtually unknown fund Trend Discovery exiting out of all 632k shares (after notice of buying that stake on Oct 12, 2017, the day right before the 1:20 R/S).


The co. has been a big diluting machine and will likely need to do another cash raise in late '18 or early '19, unless the medical device market suddenly begins to get really excited about CHFS' products/services.

I really do hope that happens-- i always wish small and large companies the very best if they have a helpful product or service.

Btw, there's one last thing that i don't like which should be mentioned here: the co. did a name-change in May 2017, and that is why most stockcharts on CHFS only go back to Spring of 2017. It seems like a sly way to try to erase their shareprice history and, perhaps, come up with a more "serious" name for their co.:

"Sunshine Heart changes moniker to CHF Solutions, new symbol"
May 23, 2017 7:10 AM ET|About: CHF Solutions, Inc. (CHFS)| By: Douglas W. House, SA News Editor
Sunshine Heart (NASDAQ:SSH) is changing its name to CHF Solutions effective today [...]"

I'm not a shortseller here. But i'd really need to see a change in fundamentals to be a buyer. Sorry to post such a downer message, but i have to call them as i see 'em and also don't want anyone to fall into "irrational exuberance" here (to use A.Greenspan's famous line).

[toomorrow]

Yep, lots of excellent DD here on your part. Can't ignore the facts.

Easy to create a false narrative, difficult to argue with the facts.

[ash111]

stick to my DD. I have patience too, risk is low at this point because company is well positioned and financed.

[toomorrow]

I added shares this morning. Big gap on chart that needs filled and I have plenty of patience, lol.

One PR drop and boom.

[ash111]

2.95 unreal

[JOHNNY-VEGAS]

took my profit low float volatile.

upside very quickly if they have a positive catalyst

[Emptyhead]

So, you have been hanging your hat here with ASH on the CHFS Board. Ohhhh...brother, not another one ;)

[ash111]

CHFS also Reduced operating cash utilization by 27 percent in 2017 compared to the same period in 2016.

Continued onboarding of six experienced sales professionals hired in the prior quarter. Subsequent to quarter end, announced the addition of three new field clinical specialists for a total of five who will assist in training and supporting hospital accounts.
Continued international expansion by signing a distribution agreement with TransMedic Plc, a southeast Asia distributor.

defiantly moving foreword. LONG

[ash111]

http://ir.sunshineheart.com/static-files/73579644-b7d2-4a29-b6ac-dc0d6ccd2b7c liking market potential and recent developments. also 10K pretty solid: Net lose decreased by $2.5m and cash on hand increased by $14.3m. patience

[chemist72]

CHFS down on 10-K filing?

Bought my first shares today.

[ANIA77]

Added again @3.0.. hopefully that selling pressure will slow down soon.. red market doesn't help for sure..
Have to let it sit here and wait it out and trade tvix nugt jnug meawhile during those red days.. thanks Ash for DD!

[tiger3]

I had a bid at $2.4.

[ash111]

Agree and heading to marketing contracts.

[ANIA77]

I mean it is not a rocket science to see it is undervalued with $16mln cash and OS4M.. all patents, developments, recent additions to managment/marketing.. it is set up beautifully to explode imo

[ash111]

exactly, fully diluted O/S way below current MC on almost zero debt and $16m cash on hand. due to low float it's easy to manipulated and also shorts, but any major development could sent this over $10/sh. Morningstar is one of most trusted analysts- valuation is over $5 a/o today. I have been in so many solid low floaters, patience pays.

[ANIA77]

I keep shaking my head. I have no idea what's going on.. OS 4M and volume double than that within a week and we are back to 52wk low. I mean I'm a buyer here but is there something that we are missing?

[ash111]

take a look at Fair value per Morningstar A/o today-valued at over $6/sh. And the $15 P.T by Zacks. $16m cash on hand and almost zero debt. A bargain price, not for long https://t.co/yOB0xAkhq9

[ANIA77]

Zacks and who else? Thanks

[ash111]

2 analysts set $15 p.t . Since we have several catalysts ahead, financing recently completed, and has $16m cash on hand vs $6m market cap, i don't see any reason not to hit at least it's net assets value which is close to $10/sh.

[JOHNNY-VEGAS]

I believe CHFS is setting on the sweet spot at this level.
we have to remember the fact that this is a low floater.Stocks with a low float and low market-cap tend to be volatile, and can make huge moves to the upside very quickly if they have a positive catalyst when it does, don't forget to take your profit

[peterus]

still no result could Come soon with a major boom

[peterus]

agree loading

[ash111]

Big bucks will be made here based on numbers, Catalysts and Market Poyential. a very solid balance sheet a/o today, best in years and almost zero debt. Any major development will have an enormous effect here. Loading. Immediate value above $8/sh. $7m cap vs $16m Net Assets.

[ANIA77]

Yes, hoping day traders will be all out today and pps should recover to at least 3.5 range and go slowly up from there..

[xukaitan888]

Not even 2 dollars per share. Wait for 2

[The Stock Reader]

Hang on, this is going much lower I think. I didnt think CT would go after a crippled stock such as this but I guess I was wrong?

[ClayTrader]

* * $CHFS Video Chart 03-20-18 * *

Link to Video - click here to watch the technical chart video

[The Stock Reader]

Im in from 3.26 to 4.12 and all in between. lol

[ANIA77]

Also another positive.. we finally closed that gap at 3.25ish from @March 4th or so..
CHFS

[The Stock Reader]

Not too worried at the moment as the funds came from my 401k which I have alot of timeso I wait. lol By the way nice to meet ya.

[ANIA77]

I didn't Catch that 2.23.. I didn't expect that so I didn't have bids in... I'm shaking my head on that candle today..
To cheer you up. I was in the same boat last time. I started buying in too early after last pop but I held and waited out and made $. CHFS will remain a good trade with those developments and Financials.
But selling gap up is almost a must here lol

[The Stock Reader]

I buy some and it drops, I buy some more and it drops again, I quit buying at 3.26 and now it moves up a little. lol

[ANIA77]

I totally don't understand these sell off today... Financials are plain and simple. No surprises in negative way. Only positives. They hired bunch of new people to help with marketing. And so on and so on.. are we dealing with massive shorting? Wtf?

[ash111]

$CHFS FDA 510(k) market cleared and CE marked •Installed base of 500+ consoles, in over 300 US hospitals and successfully used in over 60k patients +Phase 3, no need to raise more cash at least 2 years ahead (financing completed) http://ir.sunshineheart.com/static-files/73579644-b7d2-4a29-b6ac-dc0d6ccd2b7c

buy a company for under $7m, get $16m net assets+ huge market potential. long and strong

[ANIA77]

That's quite a candle we got today