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The words sell because of a divorce were uttered to me. At least 3 other shareholders I know received similar calls. I am sure that with your hero worship of Mr. Davis you received a similar call.
" At least that was the call I received" What are you referring to? You almost fell off your chair when you heard it so you must remember it. " What kind of a company president tries to sell his own stock"? Are you bashing Data, Mr. Davis or trying to defend CDED with this unfounded accusation? Cite where I ever said anything about a divorce or Mr Davis trying to sell HIS OWN shares.
Chucker
NO !!!!!!! I never said he tried to sell me HIS stock. The comment was that he offered me to buy into Data before they went public. As far as the word DIVORCE goes I never uttered that and am not aware if Doug Davis is married etc. Please do NOT post something that is purported to come from me unless you have your facts straight.
Chucker
whatever happened with the residenceware? i've heard not even a whisper about it since... who knows.
chuck
We are more or less in the same situation - I have a paper loss approaching $ 100 000 owing to those PR's. As far as DataFuzion is concerned the value of that company is limited based on the stock price after the recent merger.
I think that there is now real hope that there will be so big a rise in revenues and soon some profits to start lifting the stock price to levels where we can get back most of our investments. In som saying I still assume that the numbers publishd by Mr Cox are not entirely unrealistic, which may or may not be the case. This is based on the wholesale business. In addition comes the retail business which is the one that holds the greatest potential but may come to nothing because our company is a too small player in this field.
happy easter to you chucker &your family and all our board
chuckerfmfla what if Data Fusion never paid CDED? Didn't you say that the President of Data Fusion tried to sell you his own inside position because of a divorce? At least that was the call I received. When I received the call I almost fell off my chair. What kind company president tries to sell his own stock.
Snow. That's just it." Those PRs could not be relied on ; they were highly misleading " However they were statements issued by Cox. Any individual who is looking at any stock to buy does some research. This would include press releases made by an officer of the company, i.e. Cox. His statements as I have pointed out before were DEFINITE, not maybe and not if everything goes well. It was after his first press release that I began to buy shares in CDED. I wanted to get in on the Data-Fuzion dividend and the more CDED I had the more Data dividend I would get. Now what ? Someone may reply that CDED will get money from Data for the software and that will increase the value of CDED. Do you think this will increase the PPS? I don't. How will CDED use the money if there is any? I am a VERY unhappy investor in CDED and from e mails I have received from other shareholders they are not happy also.
Chucker
p.s. To any suggestion that I just sell and go away the answer is no. I have a financial loss on this stock and it is not my fault. I BELIEVED in a company press release.
chuck
I agree with your assessment of those PR's. The problem the way I see it that events have subsequently shown that those PR's could not be relied on - they were highly misleading the way I see it. Do you remember to the satellite deal awaiting regulatory approval? Later I have got the impression that there is not even a satellite product ready for use.
Yes. Happy Easter to everyone here on the CDED board.
Chucker
goosmeister ,when you register at ragingbull you have to choose a nickname and after you have to fill the blanks name last name ...when you reach email: provide your new nickname@lycos.com and that email address is accepted by their system and automatically this address is designated to you.and then when you want to post on rb they will tell you that you have to be emailed verification before posting and the system accept the nickname@lycos.com.
i hope i have answered you if you have other things to ask please be my guest and enjoy your long week end .
happy easter to you&your family
balamidas, what email provider are you using for your rb account? i have tried get a rb account with my yahoo and hotmail email accounts; however, rb will not accept them because there is too great a risk that yahoo and hotmail email addresses are used by spammers.
yes, next week is another week. i just hope it's a good one.
Snow. As prior posts will show I have always been hoping for a DataFuzion deal. For my edification could you please identify why you have been skeptical of the reality of this deal? Just looking at the PR from Cox of April 13, 2004. It even states " Care Decision will receive a larger equity stake in Fuzion, a majority of this stake to be distributed to its shareholders as a dividend" That sounds like a VERY definite statement to me.
Also the press release, again by Cox, Chairman of Care Decision dated February 5, 2004 stating " Care Decision receives a significant equity stake in DataFuzion by closing first strategic partnership for its Medical Software Technologies"
Again. These statements appear VERY definite to me.
Chucker
If I remember correctly the reference was to this quarter and not this year. I have been sceptical about the reality of the DataFuzion deal. Events seem to justify my scepticism.
Al. Please check your email. If you do not have some from me I may have the wrong address.
Chucker
Two comments....One What ever became of our promised dividend in DataFuzion???
Two I seem to recall that this credibility challenged team of ours expected significant revenues, and also cash flow positive this year. Between 'significant revs" and nearing/becoming cash flow positive would that not merit a share price > .02???
Al
Bal. Correct on Mercator. Normally and usually whatever they touch it goes North. They have very good research.
On the other hand, I alos agree with your prior post. The street has lost faith in management of CDED. We also have the prior holders of RAMP who are down grading the stock. If it takes 2 or 3 quarterly reports then so be it. I am in for 2 and a half million shares. I truly believe this is a buying opportunity.
Chucker
what was it about this particular press release that has left you with such a solemn prediction of how cded will play out? each positive press release in the last six or so months had been met with a nearly identical market reaction, and you remained sanguine throughout. if it takes until the end of the year before cded's pps begins to increase, the stock would have to be doomed anyway. considering the deals that cded has proposed it received and will receive, should there not be a quick jump when the next quarterly is released?
as much as continued cheerleading in the face of stagnation bothers me, it worries me more when the cheerleader decides to put the pom-poms in a box.
but on the other hand the MERCATOR ADVISORY GROUP invest in stocks that have a short &long term potential to move so let 's hope that i am wrong about the wait
goosemeister,chucker,after yesterday news and the reaction of the stock i am to believe that we are in a stock that is not popular anymore among the investment community and the daytraders.so now i have to believe and admit that cded will take much more time to move and that will be related to the establishment of credibility.
unless a blockbuster news with some big name or some big figures $$$ we will stay here for a while .most probably till the end of 2005.
and another matter could be holding the stock at these levels is a silent accumulation so when it ends cded will move this is probably a MMs manipulation .
enjoy the wait guys it might take some more time
balamidas, i can't exactly say that it was the "runnnnerrr in the AM!!!!" that you had predicted, unless you're considering that fleeting quantum leap from .0186 to .0190.
They best learn how to put out a press release first. " They signed a letter of INTEREST to purchase..." Maybe they signed a letter of INTENT.
Chucker
NEWS!!!!link:CareDecision Corp. Discusses Acquisition Strategy; To Expand Nationwide Distribution Strategy With Acquisition of Retail Pharmacies Transition to Mail-Order Facilities
Business Wire - March 22, 2005 08:30
NEW YORK, Mar 22, 2005 (BUSINESS WIRE) -- CareDecision Corp., (OTCBB:CDED) a leading Wi-Fi PDA technology provider to the lodging and satellite media industries, the developer of patent-pending technologies for e-health and EMR applications and the distributor of life-saving prescription drugs, today disclosed the Company's latest growth initiatives.
As previously disclosed, the Company has signed a letter of interest to acquire a retail pharmacy with locations in the southwestern United States. This first acquisition target possesses long-term contracts with drug suppliers for retail pharmaceuticals, and will provide channels so that the company can service the medication needs of low-income consumers, representing an ideal foundation for CareDecison's drug distribution strategy.
"Our initial successes following the acquisition of the Kelly Company CareGeneration, Inc. has encouraged management to explore acquisitions to further increase our size, scale and capabilities," commented Robert Cox, CareDecision's Chairman. "We see this as an immediately accretive way to expand our operations and our national footprint, allowing us to more effectively target the rapidly expanding drug distribution market while providing life saving pharmaceuticals to the nation's 40 million-plus uninsured and underinsured."
The company reported that each of the expected acquisitions will be existing profitable pharmacies doing between $1.0 million and $3.0 million in annual revenues and servicing trade areas with populations of between 25,000 and 40,000.
"These proposed acquisitions provide the perfect scale of enterprise for a conversion to a mail order facility, which with a little boost in technology and a few economies, can service a patient base eight to ten times larger and a provide a revenue base several multiples even higher," said Cox.
Following the closing of the acquisition, targeted for mid-summer, management plans to convert the retail pharmacy to a mail order facility, expanding the Company's national network of mail pharmacies and increasing the scale of the drug distribution operation. The Company also announced that it intends to acquire at least one other retail drug distribution facility in the next 60 days.
About CareDecision Corp.
CareDecision Corp. is a leading provider of Internet-enhanced PDA devices applicable to healthcare, lodging, and satellite rebroadcast industries. Its proprietary ResidenceWare, MD@Hand and Satelink, technologies manage critical data, enhance productivity and e-commerce, and facilitate communication with applications in the healthcare, apartment, hotel/motel and satellite rebroadcast industries. The Company has also recently entered the prescription drug distribution channels and is currently shipping prescription drugs to a number of customers.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 199
goosmeister ,this year i am living in europe for my work,there is 9 hours of difference with the US and as i cannot stay 24/7 awake i have most of my posts very late which is very early in US but i have a lot of daytrading activity too so i am always present at the open hours for the us markets .
regarding CDED i am more hyper and thrilled about this stock as things are building up big time ,the company will become a monster soon yesterday we have secured 12 million per year from the 175 target so things are on the way up .
have a nice day man
Al. Are you okay? This is your first post since early March. Also I sent you info by email.
Chucker
Although Knight continues to suppress the stock price this is now SIGNIFICANT volume. If this can be sustained for a few days we will see how far Knight will go to hold the price down. If the company can actually provide "guidance" (as opposed to promising it) then we may see progress on the pps.
Al
lol. rome wasn't built in a day... but it will feel like we built rome after cded says goodbye, i hope, to the 20s.
dare i say that this will be a very good day for cded and its investors? could it be that, for once, a cded release has wings?
boy, balamidas, for someone who rarely posts on rb or here before midnight, you were awfully quick to note and post the news link on rb. your previous positive and prescient posts appear more plausible now. sorry for the alliteration.
sbsb, i won't be whining if the figures even tickle the predicted and anticipated amount of $175 million in revenues this year. it's not as though cded has dropped in price during the last year because of bad news. the drop in price is directly attributable to dilution, which, i guess, could be considered bad news on its own. if i had the willpower, i would never visit this board, rb, or even cded's daily quotes. i'm just hopeful for that one day when it is revealed that cded is not blowing smoke.
and .0182...lol..we are all in this hell-hole together.
I sure hope this pays off...cause we will all be whining if it doesn't..
i think .0179 has been burned into my retina.
Goose,
Unfortunately he is par with this course.
All the Best, JP
it is not so much someone's hopeful comments that discourage me as it is the implications of inside information; although, the mostly unfounded and fruitless predictions do become tiring after a while.
If your interested, check post numbers 469, than 470 from December. It's how he posts. Enthusiasm has its place I guess, but the endless predictions are awful. I don't really believe a thing he posts. Nothing personal, just a fact for me.
balamidas, unfortunately, i am starting to wonder about you. you said on rb that you heard that cded will be changing its symbol this week. you also called for a symbol change during the third week of december and the second week of january. you predicted that the merger pr would be released by the end of january.
i don't want to discard your opinions and place you ignore, but i don't want to be further discouraged by reading your all-too-positive posts. sorry. i hope you prove my concern baseless with a symbol change this week.
As of March 8th, 2005 shares of CDED were as follows:
Outstanding 282,640,421
Restricted 85,019,335
Float 197,621,086
Authorized 1,125,000,000
Chucker (from a fellow poster)
J.P and others. I received the hard copy of the press release in today's mail and it states exactly what you posted. It was mailed on March 11. It is a March 2005 report BUT it shows the stock price and the shares outstanding as of December 31, 2004. At that time the outstanding was 262 million shares. The O/S is higher now.
Chucker
From the Wells Group
14 March, 2005
Through its newly acquired subsidiary, PharmaTech Solutions, CareDecision Corporation is now primarily engaged in the marketing and distribution of prescription drugs and diagnostic products to several pharmaceutical markets, but primarily to the nation’s 40+ million uninsured and underinsured. The company’s unique business model seeks to leverage its proprietary medical IT and its existing wholesale drug distribution business with its newly created mail-order pharmacy to quickly grow a high volume pharmaceutical distribution business that has historically generated $100+ million into a nationally recognized prescription drug distribution and fulfillment company, servicing both the high volume and high profit margin drug markets.
Up until January 2005, CareDecision’s sole businesses were the marketing of its “MD@Hand” software application and its Residenceware e-commerce networks for the Lodging Industry. Both Products leverage the connectivity of hand held devices, such as PDAs via the internet. Used by healthcare and real estate professionals, lodging managers and hoteliers this first-in-class PDA software application offers the user access to job specific information (patient history or property database), instant messaging, and prescription fulfillment for pharmacists.
The business model going forward is to create a fully integrated e-Pharmacy whereby physicians can submit prescriptions directly to the company’s pharmacists through CareDecision’s state-of-the-art PDA technology. These high margin transactions are made possible by the company’s proprietary IT, which also facilitates the current bulk prescription drug business, an operating unit that has previously generated $100+ in annual revenues.
By linking a centrally located state-of-the-art drug distribution facility with an established wholesale prescription distributor and powerful wireless technology, the Company is positioned to bring economic and administrative efficiencies to the projected $8 billion market for delivering prescriptions to 40+ million uninsured and underinsured Americans. It is expected that the combination of CareDecision’s pharmaceutical distribution and PDA technology business units will generate in excess of $200 million+ revenue in the first 12 months, as evidenced by historical performance by the predecessor company and the current backlog of orders from existing customers.
To fund this business combination, CareDecision has secured a $10 million monthly revolving credit facility which will facilitate the purchase and resale of FDA-approved pharmaceutical and diagnostic products to its wholesale pharmacy distribution network.
Future expansion of revenues consist of introducing additional medical diagnostic products for blood born illnesses such as diabetes and cholesterol. Medical diagnostic products can be immediately introduced to a network of physicians and pharmacists connected and participating within CareDecision’s e-Pharmacy program, which has enlisted approximately 2,500 Doctors to date.
CDED’s exclusive business model - leveraging its proprietary PDA medical technology to generate prescription drug sales to America’s uninsured and underinsured could yield in excess of $175 million+ of revenue in the first 12 months.
A first-in-class PDA software application provides physicians with the capability to learn patient history prior to entering the examining room and after treatment update the insurer of the episode of care.
Prescription drugs account for more than 10% of the $1.5 trillion annual domestic healthcare market.
In February the Company successfully raised more than $2 million in funding with a potential to receive another $2.5 million in funding from the exercise of warrants.
In one month since assuming operational control of the wholesale drug distribution unit, CareDecision reported that it has received $4.5 million in new orders for prescription drugs, and has already shipped over $1.05 million in the first 30 days of operations.
Received another email from Carla Hintz this am about a CDED press release and am surprised it is not here. Another poster, Profit Chaser has tried to teach me how to cut and paste ( if that is the correct term ) but I still can't get it. Maybe when my son gets here he can. Anyway it backs up the projected annual sales of 175 million dollars and shows the shares OS, etc.Nothing really new.
Chucker
I think we should be pleased if CDED receives anything at all regarding DataFuzion. Since we own CDED it hardly matters if CDED or we receive some dividend.
Two weeks have passed by and still no press release by CDED as to what happened regarding DataFuzion and CDED receiving shares of data. If you view the press releases by Cox in February and April of 2004, it appears to be a definite statement that CDED had acquired a equity stake in Data and that this was going to be distributed to the shareholders of CDED
From the press release by Omni Medical Holdings it states they are trying to obtain the balance shares held by others in the next 60 days. Perhaps CDED already has some shares and Omni is trying to buy them back? If so, then what happens to the statement that the shares were going to be distributed to the CDED shareholders? If the shares are sold back to Omni for cash, will the CDED shareholders receive a cash dividend in lieu of the shares? Lots of questions, but, as usual no answers. Opinions anyone??
Chucker
in hock to Pinnacle for $1.1M now. where are the new terms listed? 2/11 sales amount met "new" debt amount w/ Pinnacle & " most recent $2.4M" Meracor financing. if they report more sales that exceed or meet cost of running operations it would certainly help a lot.
on rb, stopmeno has posted that caregeneration's website is no longer under construction. what's the address for caregeneration? i have unable to locate it.
Hopefully the period of dilution is now largely over.
Our Industry - background education-
If you're unlucky enough to end up in a hospital and your doctor comes by tap, tap, tapping on his personal digital assistant, don't worry.
He's not checking up on the latest sports scores or playing a mobile video game. He's looking up your medical records.
There's a good chance he's using an electronic medical record system designed by Allscripts Healthcare Solutions (NasdaqNM:MDRX - News), one of the leaders in the field.
Electronic medical records, or EMR, let physicians access patient records any time, anywhere. The technology's been around for years, but only recently has the market become poised for wide adoption.
"The industry has arrived," said Allscripts Chief Executive Glen Tullman. "People are no longer asking, 'Should I have (electronic health records)?' What they're saying is, 'Which one should I have?'"
Allscripts' recent financial returns reflect the higher demand. Last year the company reported its first annual profit, earning 8 cents a share. Sales rose 17% from the prior year to $101 million. First Call analysts expect profit this year to more than triple to 26 cents a share.
The industry received a big boost last April, when President Bush issued an executive order calling for widespread use of health care information technology to improve safety and efficiency.
There's a shocking amount of waste in the $1.7 trillion health care industry. Average estimates put it at 30% or $300 billion a year, Tullman says. The big problem: inefficiency.
"It's the fastest growing part of our economy, but it's also the least automated part of our economy," Tullman said. "Imagine going into a bank and they pull out a handwritten ledger and say they have to check if you can take the money out or not."
Prescriptions are written and filed the same way they were 50 years ago, Tullman says. He expects EMR to transform health care by changing the way business is conducted.
The stakes are huge. Health care is one of the biggest costs for U.S. companies. General Motors (NYSE:GM - News) says it spends more on health care than on steel for its cars, Tullman says.
"It's making our industries uncompetitive," he said.
It's no wonder the Bush administration has taken such an interest in cutting health care costs, identifying technologies such as EMR as a key way to reduce those costs.
Allscripts saw this trend coming a while back, says analyst Ryan Stewart of Piper Jaffray.
"This didn't happen overnight," he said. "The company's been moving in this direction for six or seven years."
Now the challenge is convincing health care firms it's in their interest to adopt better IT systems.
Health care firms have a "show me" attitude when it comes to new technology, Stewart says. Allscripts has more than 100 sites available to prospective customers so they can grill existing clients with questions, see the products in action and even try the technology themselves.
Allscripts also sells its product in modular form so customers don't have to buy the whole package. This helps ease new customers into the product, Stewart says.
One of Allscripts' most important moves came in 2001, when it forged a 10-year deal with IDX Systems (NasdaqNM:IDXC - News).
IDX is the dominant technology player in the largest health care market -- institutions with 25 physicians and up.
The partnership gives Allscripts exclusive rights to market and sell its products to IDX customers. IDX owns 19% of Allscripts, and 75% to 80% of Allscripts' quarterly sales typically come from IDX's customer base.
"Thanks to their relationship with IDX, they're now addressing the larger physician practices," said analyst Jawahar Hingorani of Thompson Davis. "The last few deals they've won have been in the 50- to 100-plus physician range."
Allscripts' average deal size is now just more than $500,000, CEO Tullman says. That's about twice as much as a year ago. In the fourth quarter, the company signed eight to nine deals in the $1 million-plus range, Tullman says. In 2003 it inked only two to three such deals for the entire year.
On Feb. 23, Allscripts landed its biggest contract ever when it signed a deal with HealthCare Partners Medical Group, the second largest medical practice in California.
Previously, the company's largest deal was one it signed last quarter with Sharp Healthcare, a San Diego-based medical group with about 200 physicians. That deal was worth about $4 million.
"We will be, if not the largest, one of the largest medical health record providers in California," Tullman said. "We already have the largest group in Nevada, in Wisconsin, in Iowa. And yet with all that success we are just at the beginning point in terms of the market development of health care."
The company's biggest rival in the large-customer market is privately held Epic Systems. A top rival in the middle market is NextGen, a subsidiary of Quality Systems (NasdaqNM:QSII - News).
no offense, balamidas, but is difficult for me to be so sanguine. a year is a long time to watch a stock drop and drop and drop and drop. however, the stock has dropped in price because of dilution and not necessarily because of damning news.
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