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Been loaded, been waiting....
~CGHC~ LOADING ZONE AT 01 AND UNDER
Little bit of action today, little hammer candle.... Come to papa 10-K.....
not gonna happen, holding strong, fins should becoming very soon, then we loose the E and start up trending
STOCKHOLDERS' EQUITY (DEFICIENCY)
Common stock, $0.01 par value, 300,000,000 shares authorized
82,906,855 and 56,131,121 issued and outstanding as of December 31, 2012 and June 30, 2012, respectively 829,069 561,311
Additional paid-in capital 22,012,172 9,318,200
Common stock subscribed 241,457 260,700
Total stockholders' equity (deficiency) 10,360,095 (1,290,190)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 13,498,612 $ 33,794
*** Any body know what the Float is???
CGHC we get an E added to the ticker Weds until new CPAs get filings current, no big deal as anyone playing this was already aware we got new accts, didn't have time to do fins b4 dead line just making peeps aware
No real estate owned by CGHC best I can tell. Looked at a couple of the addresses on Maricopa County Tax Assessor site and all the site are owned by Real Estate companies as most are in commercial shopping strip malls. So the only Hard Assets owned by CGHC would be furniture and fixtures, desks, computers, exam tables, etc. Maricopa County assessor has the Market Value of furniture and fixtures at the Tolleson location listed at $53,000.
Do we really know for sure that CGHC owns the real estate for each location. Anyone looked up the property taxes for each location to see who is listed as the owner. Most urgent care/medical practices lease real estate. If any valuation issue it will be around the "purchase for stock" of the One Health Centers Corporate entity based on the fact that the stock was never worth a $1.00 per share making the Asset purchase substantially overstated. Not sure how the accountants might value handle that issue. Outside of real estate medical practices do not have a lot of real assets other than some furniture, fixtures, computers and possibly some Xray or testing equipment. I run a private medical practice and we lease all of our buildings. We do 15 million in revenue and have less than 1 million in assets on the books and the fair market value of those assets are less than $500K. If we sold the practice to a public company we might be able to get 9 Million of which 8 million would be booked as Goodwill. CGHC books currently look the same 9+ million in Goodwill and intangible assets. If the auditor does any adjustments it will be to reduce Goodwill and intangible assets which is just accounting adjustments and doesn't really affect the value of the operational assets.
Yes, I know it is good and is the first step to getting audited financials. Some stocks can have less value attached by not having it's book audited as they mention in the lower half of the filing but I wanted to mention why it shouldn't really matter for a stock like CGHC where the assets are so obvious. I know you have been here awhile :) That message was for people who may have doubts that were reading, but the I-box makes it pretty obvious ;)
SILVERISTHENENEWGOLD, I view it as good news that CGHC has appointed an independent public accounting firm.
Yes I am well aware of that and I know that the financials are unaudited and that they have to redo some compensation on their balance sheet. If it was another stock there might be an issue but with CGHC we do not have to trust some balance sheet line that says "Assets: $8,000,000", you can actually see the assets, walk in the buildings, and verify everything. You can even book a visit if you need some urgent care ;). I few people here have already visited the 7 locations.
If you have some doubt about the assets then just check them out on google street view, call up and book an appointment :)
As far as the stock compensation thing, it is a relatively small figure($100K) compared to the rather ridiculous undervalued price on CGHC. Value is off by millions... go check out what it costs for just one operation like that let alone seven, and don't forget all the supplies and equipment either. We are getting 7 locations for the price of 1 or 2. We should be at a higher price right now.
DAMM should have bought more on that dip, LOL seller probably feels a little stupid about now CGHC back to .03s Monday .10 Friday if fins hit
On October 8, 2013 (the “Engagement Date”), Capital Group Holdings, Inc. (the Company) engaged MaloneBailey, LLP (“MB”) as its independent registered public accounting firm for the Company’s fiscal years ended June 30, 2013 and 2012 and for the interim period ended September 30, 2013. The engagement of MB as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.
During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with MB regarding either:
1. the application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that MB concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or
2. any matter that was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K and the related instructions thereto) or a reportable event (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).
~CGHC ~commencing run back to .03~ hope everyone got their dip buys
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92802368
HIT ME WITH A FOLLOW IF YOU FOUND MY CGHC POSTS ON BB AND MOMO BOARDS
Yep, looking good for next week when the 10-k should be out.
Great way to end the week. Definitely nice breakout.
Huge buys coming in....
Up this much on moderate volume. Imagine how the PPS can explode with millions in volume with this SS.
Nice breakout and surge in volume! 0.0193 up
Nice job Wayno, very cheap indeed.... Only for a limited time.
CGHC grabbing some .0129s way too cheap here
Urgent care providing a mixed bag of health services
Another article in the series from Own Covington reporter for Greensboro, NC Business Journal
More than a decade ago, Brad Laymon saw his work environment change from an ambulance to an urgent care center.
A former paramedic, Laymon is now a physician assistant, having moved from outside Cleveland, Ohio, to Winston-Salem specifically to work in an urgent care center.
“I just decided that I wanted to do more as far as health care and treating patients,” said the 46-year-old Laymon. “You’re not quite sure what’s going to walk through your doors. It could be something as simple as an athlete needing a sports physical to someone having chest pains.”
As a provider for Novant Health’s PrimeCare network of urgent care centers, Laymon works roughly 12-hour shifts, most of them at the newest location, PrimeCare Express in Clemmons.
He takes time each morning before the doors open at 7:30 a.m. to review CAT scan reports, prescription refill requests and lab reports before patients start filing in for a full range of treatments and services. The day lasts until 8 p.m. or as late as 9:30 p.m. “if it’s real busy,” Laymon said.
He’s usually working with two other providers — a physician and either another physician assistant or a nurse practitioner.
“We may see 100 patients a day between the three of us in a 12-hour shift,” Laymon said.
Many of the patients are seeking a one-time fix, such as stitches for a cut, or treatments for common illnesses such as sinus or urinary tract infections.
Prime Care also has a sizable occupational medicine component, with patients coming in for work-related injuries or pre-employment physicals.
Others come for care more regularly, including management of chronic conditions such as high-blood pressure or diabetes.
“Since I’ve been there, over 11 years, there are certain patients that I see and follow,” Laymon said. “We do a little bit of family medicine like that.”
With the expansion of insurance coverage next year under the Affordable Care Act, Laymon is expecting patient volumes to increase.
That’s due in part to the shortage of family practice physicians, as well as more people seeking routine or unplanned care outside of normal physician practice hours.
“When they have an unplanned need, they’re going to need somewhere to go,” he said. “I think it’s going to help those patients to have quick and easy access to an urgent care center.”
Owen Covington covers health care, insurance, law/bankruptcy court, media/advertising, local government and sports business.
Wave of new patients to find an urgent prescription in 2014.
Recent Article in Greensboro NC Business Journal. Should bode well for CGHC.
Now numbering more than 9,000 nationwide, urgent care centers are uniquely positioned to capitalize as millions of newly insured patients begin to increasingly tap into the health care system.
These newly enrolled health care customers are likely to be cost-conscious, but eager to seek regular and episodic health care services that have either been put off in the past, or handled at the local hospital emergency department.
Urgent care centers are positioned to help a health care system that’s struggling with a shortage of primary care providers. They are also poised to partner with physicians looking to increase more affordable after-hours access for their patients.
While not expected to fully fill the role of a family physician, these centers may be a first point of contact from patients unaccustomed to seeking routine health care, and a first step toward finding a regular doctor.
“We know we’re going to start to see an increase, a substantial increase in patients,” said Reuel Heyden, senior director of marketing and communications for Clayton, N.C.-based FastMed, with 35 N.C. locations, including several in the Triad.
FastMed has added nine or 10 locations in North Carolina each year since 2010 and expects that pace to continue as individuals will be required to purchase insurance next year or face fines as a result of the Affordable Care Act.
Health systems have become more active in developing urgent care sites, including Novant Health, which has expanded its PrimeCare network of urgent care centers with the addition of PrimeCare Express sites in Thomasville, Lexington and Clemmons earlier this year.
“We want to be able to be able to provide access points and the provision of health care whether you need us for minor care at the moment, urgent care or longer-term care,” said Dr. Sloan Manning, medical director for Novant Health PrimeCare, which has six Triad sites.
Range of services
The urgent care center business model is built around offering easy, convenient access to health care.
Whether it’s a broken bone, a sinus infection or a pre-employment physical, the walk-in nature of their business and their extended hours have driven their growth in recent years.
The mix of services can vary by location or by operator, but most centers provide minor emergency or episodic care, occupational health services, such as pre-employment physicals or workers’ compensation cases, and to some degree, primary care.
Brad Laymon, a physician assistant with PrimeCare, estimates that 20 to 25 percent of the population he serves receives “continuity care,” meaning he sees them regularly for the treatment of chronic conditions, such as diabetes or high blood pressure. That’s fairly representative of PrimeCare as a whole, Manning said.
Manning, whose background is in family medicine, said that “each of the PrimeCares takes on the flavor of the neighborhood and location it’s placed.”
One of Greensboro-based Cone Health’s urgent care centers is located adjacent to the emergency department at Moses H. Cone Memorial Hospital, so it captures some of the less serious cases that don’t require the high-level, and expensive, resources of the emergency department.
“For folks who are really unsure where they are headed, oftentimes they will show up at our urgent care center,” said Deno Adkins, director of Cone Health MedCenters.
More connections
What’s changing is the level of coordination between urgent care centers and other elements of the health care system.
“In general, there is increasing need to see that there is some communication between convenience care providers and primary care providers,” Manning said. “The idea would be, we’re not going to just focus on the need of the day. We want to connect in a lasting and meaningful way.”
Novant is achieving that in-house, with its implementation of an electronic medical records system that provides patients with a single record to be accessible across its network.
Better coordination between sites also exists. Manning points to a recent case in Clemmons where a patient at the PrimeCare Express then received an X-ray at nearby Novant Health Clemmons Medical Center, with the information about the episode then relayed to the man’s Novant primary care doctor.
“I did exactly what the emergency department doctor would have done in a lower-cost environment,” Manning said.
Providers like FastMed, which focus solely on urgent care, are forming partnerships with primary care providers, such as High Point-based Cornerstone Health Care. Those new arrangements allow for sharing of patients’ records and smoother hand-offs to primary care providers.
Dr. Michael Ogden, chief clinical integration officer for Cornerstone, said the fragmentation of the health care system — with information often not relayed among hospitals, urgent care centers and primary care physicians — remains a problem.
He views partnerships like the one being formed with FastMed as a way to get patients settled in a “medical home,” while still being able to provide them after-hours access and convenience. At the same time, Cornerstone is working to expand hours of its physician practices to help expand access itself.
“What expanding (insurance) coverage to the population will do is put more people in the pool, but it’s not going to give them the knowledge base to interact with the system efficiently,” Ogden said. “Urgent cares have a place, but I think that place largely historically has been very disconnected from the overall health care delivery system.”
Expansion ... and caution
FastMed, which specializes solely in urgent care, has aggressive expansion plans for its network and believes that will come in part by addressing the issue of improper utilization of the emergency department.
From a cost standpoint, Heyden notes that studies have shown care delivered at urgent care centers can be one-seventh to one-tenth the cost of the same care in an emergency department. Newly insured patients now facing deductibles are likely to take that into consideration.
“Once you’re into a health care system, you’re going to look at how can I utilize all the services,” he said.
Partnerships with primary care providers will add another pool of new patients, as they turn to FastMed for care when their doctor’s office is closed.
Cone Health is taking a more measured approach to expanding its inventory of urgent care sites, which include facilities in Mebane, Kernersville and Greensboro.
“We’re all sort of waiting, and we’ll evolve to meet the demands of the population itself,” said Jeff Jones, chief financial officer for Cone Health.
Reach Owen Covington at (336) 370-2909 or ocovington@bizjournals.com.
Weird if it were any other stock I would not think much of it other than the spread. with this stock though it looks like there is something going on between Market Makers and average costing.
yea now if you can just make some sense of the photo for me that would be a huge help cause i have been baffled looking at this going on for the past two days its like nonstop buys?
Looks like you figured it out faster than my computer will post.
thanks for the help !
Got it up lol took me a second
To take a picture open another window so you have L2 and the other at hand to make it easy.
When you are on L2 press the Function key and the print screen key at the same time. Then go to your other window where you have a picture program , something like paint , right click in the box and click paste . Save this to your desktop as a JPEG (to make it easy to find and delete if you want ) then when you are at Ihub go to settings , (top right hand corner ) go to my pictures and there is an upload picture box. Click upload and a browse will come up go to your desktop select your picture and upload . Then when the picture is uploaded click on the embedded address and past that address in your post.
Hope that helps.
Better prin this fast as it is usualy taken down quickly.
Go CGHC !!!
I hear viagra works.... Lol, sorry couldn't help it.
I just think you're misinterpreting something.... But you should be able to post your screenshot.
Its a pitc i took of my screen so idk if i can get it up
Yeah, I don't see it.... You need to embed the picture.
I'm watching the real time sales to see the activity going on and there are these crazy buys that just keep repeating but no volume is showing up. I'm looking on etrade pro if you have something like that take a look I could post pictures of it but not sure how
I don't have any clue as to what you're talking about.
No answer for that one B. I am still learning how to understand the L2 action and was not near a computer today. Had to work.
Why would that volume not show up based on real time sale it should be through the roof?
Yeah baby! Keep up the good work folks
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Capital Group Holdings, Inc.
http://capitalgroupholdings. com/
http://capitalgroupholdings.com/board-of-directors.php
http://capitalgroupholdings.com/one-health-pass.php
http://capitalgroupholdings.com/one-health-urgent-care.php
Capital Group Holdings, Inc. (OTCQB: CGHC, "Capital Group") is an acquirer and operator of innovative health and wellness organizations that have strong market presence, brand awareness, and talented management teams working towards achieving exceptional performance over time. The Company, through its subsidiaries, currently operates 7 urgent care clinics ("OneHealth Urgent Care," "OneHealth UC") in metropolitan Phoenix, Arizona and will soon launch its telemedicine services through its subsidiary One Health Pass Inc. One Health Pass Inc. ("OHP"). OneHealthPass™ is a direct-to-consumer medical membership program (provided by One Health Pass Inc.) that provides members with 24/7/365 access to board-certified physicians via telephone or internet. Capital Group is positioning these companies to provide immediate access to medical services to the public in an effort to avoid any delay in access to physicians and to provide a significantly lower cost for high quality, patient-centric healthcare.
Our customers can reach a physician any time, day or night, can access basic medical services, and have the ability to receive sound medical advice and treatment for the most common minor medical issues. Our network of independent board-certified doctors may, at their discretion, provide prescriptions for treatment that can be retrieved immediately at the member's local pharmacy. Should a member need to be examined in person, they can be examined at one of our local urgent care clinics, or be referred elsewhere such as the ER, a primary care doctor, or even a specialist. Capital Group's strategy of partnering OHP with OneHealth Urgent Care is unique. The linkage will allow us to direct our new OHP members to our urgent care clinics instead of competitor clinics when they get sick, thus significantly extending our membership services, promoting customer loyalty, and significantly reducing the inherent medical liability associated with traditional telemedicine services.
OneHealthPass™ (“OHP”) is a membership program that provides access to board-certified physicians via the telephone and internet. Membership is billed monthly and members may utilize the service at any time. Should our members require additional consultations, there is a small surcharge that is added to their billing to accommodate additional consultations. OneHealthPassTM offers the following features:
Capital Group plans to aggressively market OneHealthPass™ direct to consumers via local television and internet marketing campaigns. The Company plans to leverage the exposure of television advertising with a complex, information-driven Search Engine Optimization (“SEO”) campaign to educate prospective members on the benefits of OneHealthPass™. Our Direct Response Television (“DRTV”) program is anticipated to create millions of impressions and a significant number of new OneHealthPassTM memberships. We believe that having access to physicians via the telephone and web, as well as access to nearby urgent care centers can provide them with most of their basic healthcare needs. OneHealthPassTM was created to lead Capital Group’s growth by providing broad access to telehealth services in conjunction with new urgent care clinics in each new state.
OneHealth Urgent Care (“OneHealth UC” or “OHUC”) provides walk-in, extended hour access for acute illness and injury care that is either beyond the scope or availability of the typical primary care practice or retail clinic, or a referral service from a OneHealthPassTM member. OHUC centers are full-service board certified-staffed urgent care clinics that provide convenient access to affordable, high-quality care for episodic acute events requiring immediate attention, initially serving the greater metro Phoenix community.
OneHealth Urgent Care customers experience an average service time (check-in to check-out) of under 40 minutes (better than industry average), versus more than four hours, on average, for ER wait times. The cost of an urgent care visit is one-sixth the cost of an ER visit. OHUC provides care on a walk-in basis between 8 am and 8 pm, the hours which account for 80% of ER visits. OneHealth Urgent Care’s performance has exceeded expectations. OHUC revenues exceeded $5.4 million in 2011, growing at least 30% since 2010.
Additional OneHealth Urgent Care facts include:
OneHealth Urgent Care clinics are located in cities with high ER volume, strong demographics and busy primary care physicians. OneHealth Urgent Care is actively seeking prospective site locations for de novo clinics in Arizona and Nevada and has generated potential leads for acquisitions in Arizona, California and Nevada. OneHealth Urgent Care operates billing and collection process that have overseen significant improvement in Days Sales Outstanding ("DSO") over time. Using Electronic Medical Records ("EMR"), electronic submissions whenever possible, and sending out claims within 24 hours helps expedite insurance payments. There are numerous processes in place to ensure accuracy of bills going out, tracking of all incoming payments, resulting in rapid posting, supported by vigorous, detailed policies for following up on denied claims. All billing and collections are processed in-house.
OneHealth Urgent Care will deliver a far-reaching direct-to-consumer television campaign designed to create approximately three million impressions per month. This campaign will be managed separate from the DRTV for OneHealthPassTM, with both designed to complement each other.
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