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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."
startribune.com/med-tech-fr...
Thanks AK77 on the ST CHFS message board for this Minneapolis Star Tribune article, "Med tech front lines against COVID-19 includes array of Minnesota connected companies"
Local Minneapolis reporter confirms COVID-19 demand for Aquadex medical device manufactured & marketed by Eden Prairie, MN based CHFS.
4th paragraph down.
"Eden Prairie-based CHF Solutions is shipping a device that removes excess fluids from intensive-care patients treated for COVID-19."
P.S. Sorry, can't get the link to work. Not sure what I did wrong. The link on ST works if you want to check that one.
Weird, no body shows up in this board.
Looking good PM. Uptrend intact. Great set up. GOV# has news this morning and also worthy of your attention. Best of Luck.
Could see 80 cents today
Confirmed, no USA competitor. FDA 510k approved Aquadex SmartFlow medical device is the only game in town for fluid management, a legal monopoly if you will...
Aquadex Smartflow Launch Video 2020
* * $CHFS Video Chart 03-27-2020 * *
Link to Video - click here to watch the technical chart video
Shorty's been working overtime on this one.
Aquadex is the news.Multi bagger potential.
News coming today?
From the 3/3/30 CC:
"The new Aquadex SmartFlow introduces new integrated diagnostics that help physicians guide therapy. We have applied for 5 new patents that cover some of the important enhancements & we expect to file 3 more in the near future."
"Last year, we added distributors in Brazil, India, Spain and Greece, joining our long-time partners in Italy, the United Kingdom and Southeast Asia. This year, we have announced new distributors in Germany, Austria and Switzerland, spreading our current international footprint to 13 countries."
" the launch of our next-generation Aquadex SmartFlow will allow us to resume Double-Digit Growth Rates, both sequentially and versus the prior year."
"we anticipate a 70% plus margin on the disposable filter circuits."
"We also are pursuing it (CV fluid management) internationally because we have some strong use of our product in Italy, where there's certainly a large number of patients with CoronaVirus."
Read the last conference call transcript & latest PRs. A lot of encouraging information. Also read the 10-K, looks like warrant exercising is keeping a short term lid on share price. Don't know when the warrants will be done but this should rocket when that day arrives.
$CHFS did nothing but drop on news. This one doesn't look like it's going anywhere.
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