I just read that Clearday is giving up their businesses. the CEO bragged about how he was going to make money with Memory Care and all the other senior living centers, but now he is walking away from the leases. According to some recent press releases he is going into the robotics business. But he doesn't have engineers or R&D and based on some really poorly written press releases it looks as if he will be a salesman for another company that is manufacturing robots.
Clearday does not own the technology or patents, and unless I am wrong, they are strictly a sales force.
The CEO failed 100% at the business, the balance sheet is a disaster, and they have those financing deals thata re high interest or convertible to stock at 50% discount to market. Has this guy ever turned a profit or is he in the business of losses and tax right offs. What an embarrassment.
And then some crazy deal with a nasdaq company that is or was a SPAC. Are the people at the SPAC out of their minds. What the heck is going on? has the entire world lost any sense of business 101, profitability or common sense business deals.
I will leave it off with this - I haven't looked at CLRD in a few months and I read the latest 10K and some press releases and maybe I am going crazy bit who in their right mind would want to give money to Clearday and the management team that has NEVER EVER turned a profit.
VHAQ investors will have the right to withdraw their money before the deal closes. The deal can close but right now we do not know how much money VHAQ will be bringing into the deal. I also find it strange that CLRD has not filed their 10K yet because that must be part of the due diligence process VHAQ will need to complete. Without the 10K filed I do not understand how VHAQ shareholders can even vote.
I also think its a negative sign when there was no activity in the stock today. Less than 7,000 shares traded and that tells me that there is no interest in this entire deal.
CLRD and VHAQ sign Definitive Agreement, once closed $20 million in cash from VHAQ will be used to pay down the toxic notes, with plenty left over to expand. Also, the robots are the delivery systems for their AI technology for elder care. Thats why VHAQ is willing to pay $370 million for CLRD
I’ll have to look into it thanks
Do you think low 50's is a good investment
if you think low 50's is a good investment I 100% disagree
Clearday has so many toxic financings on their balance sheet that they can not afford the debt payments which means the debt will convert to common stock.
For example the last toxic financing they did was for $172,000 at 22% interest.
if they do not make the monthly payment on that one loan alone, the debt converts to stock at a 25% discount to market.
That means every month the debt holder will get shares equal to 5% of the debt at a 25% discount to market. The debt holder can sell those shares on the open market at a lower price than the market, and still make money.
The issuance of shares will continue because Clearday doesn;t have the money to make the debt payments. CLRD stock will be 1 penny by the end of the year.
If you think this so called SPAC is going to work out you are delusional because the SPAC shareholders are not going to accept a deal with Clearday because Clearday management doesn't know how to run a profitable business. The other reason the deal is unlikely to close is because the SPAC company, upon closing, will have to pay all the debt that Clearday has.
If by some crazy reason I am wrong and the deal gets closed, CLRD shareholders are probably going to get about 5% of the new public company. So that means if you own 1,000 shares of CLRD, you will probably end up owning 50 shares of the new public company. The 5% is a guess because I had to come up with a number, but I can not see CLRD shareholders getting more than that.
But a closing is very unlikely because Clearday's last 10Q was so bad I am not sure how they are staying in business.
The balance sheet had ZERO in cash.
$58 million in debt.
They lost $105 million for first 9-months of last year.
I don't even know how many toxic loans they have and we all know that drives a stock to 001 a share once the conversions start happening.
So if you think 50's is good, I would agree with you. it's good to short because it is guaranteed to go to 001.
But I guess logic and smart investing is out the door.
First and foremost it must be stated that Clearday does not own or manufacture the robots. While there is nothing wrong with being a distributor, do not lose sight of the fact that as a distributor you get 15% commission on average.
Clearday would have to sell about $400 million to get the commission to pay down their debt. Not to mention the lawsuits that they will probably start getting about BS press releases, toxic financings that they have entered into and all the billions of shares that will inevitably hit the market when those convertible notes start converting to common shares.
It safe to say that CLRD will be 5 cents before it is 5 dollars.
I think you are missing the hidden value in their Elder Care Robotics with their proprietary AI, is being missed by everyone. Here is a sales video for Mitra, worth a look.
There is no way that the investors in VHAQ will approve a business combination with Clearday. And how can Clearday get a valuation of $250 million based on their negative cash flow, upside down balance sheet and their business never turning a profit.
And if anyone thinks VHAQ investors are going to approve a combination with CLRD based on CLRD being worth $250 million than those investors need to be medically evaluated.
Who values CLRD at $250 million.
I find it always amazing that someone can give another company a value, yet no investment is made by the person or firm giving such a high valuation.
It's a joke.
Clearday is losing money, bad balance sheet and they have ammssed an incredible high number of toxic deals which will mean the stock will go to a penny or 0001
CLRD .555 seems like the market knows this was a BS fluff share selling announcement what a con job
CLRD .662 nothing but down since anouncement, nice job by mgmt to dump some shares though
#SPAC merger $CLRD #AI #Robotics and $VHAQ valuing $CLRD at $250 million, but its currently trading at a $20 million market cap. Way undervalued, under the radar once discovered should run.
CLRD .80 increasing vol, with decreasing price only down 25% since open yesterday and close of business the night before that, so yes this is a bad indication of Co dumping via news, that comes with a lofty projection, but doubtful happenings
There is so little volume. I don’t see any “dumps”.
There is 4 million floating.
CLRD .90 yes more vol, but no upward, only down since yesterdays mention, hopefully they decide to let it go 1/2 way to near it's potential worth of $2.50, but not if the dumps continue it won't
She’s waking up
$VHAQ SPAC has $52,819,665 cash available.
Looks like this was CLRD plan all along.
Clearday Retains ClearThink Capital to Explore Unlocking Value with SPACs
Press Release | 01/26/2023
San Antonio, Texas, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Clearday, Inc. (OTCQX: CLRD), the “Company” or “Clearday” or “we”, retained ClearThink Capital LLC, a boutique investment and transactional advisory firm, to support Clearday’s strategy to explore transactions to unlock the value of its innovative care businesses through a deSPAC transaction.
ClearThink has a team of seasoned finance, investment banking, law, marketing, technology, medical, life science, and operations professionals with extensive experience in structuring and executing, and advising with respect to a range of transactions, including providing guidance to companies engaged in transactions with Special Purpose Acquisition Corporations (SPACs) – a deSPAC, which is one of transaction structures that Clearday believes would unlock the value of its innovative care businesses such as robotic service and digital services.
CLRD didn’t put anything out. The merging company did
CLRD .88 with .80 on ask, I guess mgmt are as crooked as the rest to put out a bs merger PR, and then start dumping the pig down 35% for the day so far, maybe can hit 50% haircut if lucky
There is notes in the filings. So yeah that’s expected
CLRD .99 well seems like Co is dumping shares, 4x 10 day ave already and a nice 10k block dumped at $1, so maybe the PR was to help these guys dilute, just a thought
Also the news is only on the SPAC not CLRD yet. So many people have not seen it
CLRD is due to put out an 8k so keep watch for that
CLRD $1.12 or flop to .70 again, seems a little fishy that with that news it drops 35%, so maybe a little BS like most crappy penny stocks lately
It could pop at any moment
CLRD .70, only down 35% on news, nice, lol
Under the terms of the letter of intent, Clearday’s existing equity holders would convert 100% of their equity into the combined public company. The proposed transaction values Clearday at $250 million. Viveon expects to announce additional details regarding the proposed business combination when a definitive merger agreement is executed.
Completion of a business combination with Clearday is subject to, among other matters, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, satisfaction of the conditions negotiated therein and approval of the transaction by the board and stockholders of both Viveon and Clearday. There can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.
$CLRD new out valued at $250 million current market cap $26 million looks like a 10 x runner to me https://www.otcmarkets.com/stock/VHAQ/news/story?e&id=2461565
Just a year ago this was a $3 stock and now we are sub $1 a share
I just read that they gave away 4.2 million shares for $3.2 million debt payment.
That is like 25% of the company for $3.2 million and that means management values the company at $12.8 million.
At 67 cents a share at yesterdays close and 80 million shares fully diluted that means the company is valued at $16.9 million.
Clearday management doesn't even value the stock at the current stock price.
And not to mention that they've done some deals with Mast Hill, AGP, Firstfire and 1800 Lending and that means this stock will be going to .0001 a share very soon.
I hope they decide to sell the company before all those notes convert because this stock is in quicksand and it will be very quick when it starts to go under.
According to their last 10Q they had zero cash.
According to their last 10Q their debt was very high.
According to their last 10Q they took in hundreds of thousands of convertible notes.
According to all their filings it would seem as if they operate at a loss as if it was customary to operate at a loss.
Companies can operate at a loss when their business has a turnaround strategy like tech companies, life sciences, but definately not assisted living centers or non acute residences. It as if the management at Clearday have no clue as to what they are doing from an operational standpoint and they definately have no clue what all those convertible notes are going to do to the stock.
When those notes come due they either have to repay with cash which they have zero or issue MILLIONS of shares at a real big discount to market and that means those note holders are going to sell the stock and drive the price down so far that it will be a complete disaster. This is a short if there ever was one but because of the no volume you can't even make money in what everyone knows will happen to the stock.
$CLRD Market Analysis by GlobeSmallCapResearch- Summary of our Research Findings • Addressing the non-acute needs of the 74.6+ million Americans aged 60 years and older • Specializing in non-acute care for seniors with dementia, Alzheimer’s and other cognitive decline • Continues to add revenue streams that support foundational brick-and-mortar businesses • Innovative company focused on delivering high-quality, accessible and affordable senior care • Joint venture with leading robotics company is developing innovative technologies to enhance longevity care • Integrating robotics, artificial intelligence (AI) and other innovative technologies to advance current offerings and market position • Is both a business-to-consumer (B2C) and business-tobusiness (B2B) opportunity • Has served more than 5,000 families’ long-term care needs • SaaS subscription business model creates recurring revenue • Leader in treatments and pioneering cognitive care • Guided by a strong management team with relevant and long-standing expertise; supported by experienced board of directors
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Globe Small Cap Research Report out on $CLRD #Stocks #NYSE #NASDAQ #OTC #OTCMARKETS #OTCQB