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Just monster updates here.....fantastic !!!
CHFS
Make that TWO new International Patents!
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020142454
CHFS just received new International patent for their blood filtration systems :)
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020142533
Another lovely pop.....show me the money
CHFS
This stock is sitting just under .60 which is far below 4.50...lol.
More from web conference: Units sell for 35k each. First sale was in April 2020. They continue to receive orders from Florida accounts.
Over 200 hospitals have purchased the Aquadex system. Systems used in Europe and Asia.
ULTRAFILTRATION FOR FLUID MANAGEMENT IN COVID-19 PATIENTS - START-UP GUIDE
https://www.chf-solutions.com/covid-response/
* * $CHFS Video Chart 07-08-2020 * *
Link to Video - click here to watch the technical chart video
Amen. Got in pre market at 4.50. Making some good pushes past 5.0
* * $CHFS Video Chart 07-07-2020 * *
Link to Video - click here to watch the technical chart video
8-K just filed - insufficient votes to pass the proposed R/S...
https://www.sec.gov/Archives/edgar/data/1506492/000114036120014338/form8k.htm
A total of 22,473,514 shares of the Company’s common stock were present at the Adjourned Annual Meeting in person or by proxy, which represents approximately 68.94% of the shares of common stock outstanding as of the record date for the Annual Meeting. There were insufficient votes to pass Proposal 3 at the Adjourned Annual Meeting. The Company did not adjourn the meeting a second time and will not seek additional votes for Proposal 3.
(b) The results of the voting are shown below.
Proposal 3— To approve an amendment to our Fourth Amended and Restated Certificate of Incorporation, as amended, to effect a reverse split of our outstanding common stock at a ratio in the range of 1-for-5 to 1-for-30, to be determined at the discretion of our Board of Directors, whereby each outstanding 5 to 30 shares would be combined, converted and changed into 1 share of our common stock, without reducing the number of authorized shares of our common stock.
what meeting? new to this one. still have to do my dd. thanks
With the meeting on deck, a good report out should push us close to a $1.
Yes, meeting was adjourned until new date of 6/19.
They'll try again to approve R/S proposal.
Will CHFS get de-listed from Nasdaq ?
( $1.00 share price minimum. )
Maybe, maybe not ? $
Didn’t they already vote, it failed to get enough votes, so they extended the period through June 19th to try and get the number of votes necessary? Pretty new to this, but it appears the company really wants the R/S and the voting bloc may feel different.
R/S proposal is for ratio of 1:5 to 1:30, at discretion of BOD.
( Proposal # 3 )
CHFS : Shorts (not me) are definitely winning here !$
see: stocksplithistory.com for the ugly truth.
Reverse Split vote on the 19th. Damn
I'll be looking for an entry here on Mon. myself.
CHFS
Added this one in the AM on an alert. Let’s see how we do here.
Cheers on all the twitter love lol.
$$$$$$$
$CHFS CHF Solutions Expands Commercial Presence in the Middle East with Distribution Arrangement for United Arab Emirates
Your gonna be in the black! Very nice
In added some today
There has been a lot of loading the past two weeks. This is going to pop
Interesting...insiders buying too.
$CHFS Shareholders vote down reverse split--->>
https://sec.gov/Archives/edgar/data/1506492/000114036120012340/form8k.htm
Should see some movement soon on this one.
So i believe this is offering should be positive?No? Offering is 7 cents above current pps
Yeah, what's up with this, button seems to be in
How come nobody talks about this stock? I’m betting it makes some big moves upward pretty quick. Could be wrong, just a hunch.
They have done a good job of holding this down today. News is too good. This will run from here.
Great news today! Time to squeeze those massive shorts...
Loaded up at .44.
NEWS ... just sayin'
I`m with ya. On watch during the last days, took a starter yesterday, added more today. Any C19 confirmation gonna shoot it through the roof imo
Major Press today
Ultrafiltration used for Covid 19 .
They feel they need to let the world know.
Doors wide open
$1.00+ coming
Awesome opportunity here
Loading
Covid 19 treatment awareness going to set this stock on fire
Great News ...
Lining up tons of new customers.
Treats Covid 19.
$CHFS
“We have been hearing from distinguished physicians that our ultrafiltration therapy has aided in the treatment of patients with #COVID?19 "
https://t.co/BW7uAQaDdM
In 2019 CHFS increased revenue by 10% to $5,500,000. Operating costs were $5.8 million. 2019 net loss $18,100,000.
Now consider that CHFS has doubled their production & stated that demand is strong but we don't have specific numbers yet.
The cost of an Aquadex Smart Flow machine is $31,000, the filters are $900 each per use per patient.
If CHFS sells only 200 Aquadex machines in all of 2020 that's 200 x $31,000 = $6,200,000 & there are already several hundred older models in the field using filters.
Disposable Filters, let's estimate 50 being used daily in the entire world. 50 x 365 = 18,250 filters. 18,250 x $900 = $16,425,000.
Total 2020 estimated revenue $6,200,000 + $16,425,000 = $22,625,000 compared to $5,500,000 in 2019, an increase of $17,125,000 or +311% better than last year.
CUT MY ESTIMATE lN HALF, IT'S STILL DOUBLE 2019!!!
CHFS is Pandemic Proof, it's a COVID-19 & non COVID-19 stock.
Accelerated Sales Growth for Aquadex is Confirmed.
"CHFS has doubled the production staff that builds its next generation Aquadex SmartFlow consoles in response to increased demand from hospitals due to the coronavirus COVID-19."
"CHF Solutions has seen strong interest from additional hospitals & increased demand for this ultrafiltration therapy as the rate of affected patients continues to increase."
CHFS is on the doorstep of becoming profitable.
Aquadex Smart Flow machines $31,000 each, Filters $900 per one time use per patient.
"We anticipate a 70% plus margin on the disposable filter circuits."
"Regarding our cost of goods sold. We continue to see improvements in our gross margins resulting from the transition to in-house manufactured inventory. Our margins were about 51% for the quarter, 16 percentage points above last year's Q4 margins. For the year 2019, our gross margins were 51.7%, an increase of 25 percentage points over the prior year."
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