Community Health Systems, Inc. (CYH)

[Maso11]

Every big wall has been taking out. To each their own. Good luck

[Kevrizzi]

So I take it just waiting to see what other fees are involved but max payout is .04 and worst case is zero payout? Why are people still buying and why hasn't CYH announced a final announcement on this CVR?

[Kevrizzi]

Yep. I had 3mil shares at .01, sold at .025 even tho I wanted to hold til the end, I had to take profit. Thank god I did I would've lost my a$$, but yes I totally agree on their lawyer fees. Time to start a go fund me account for those willing to take a chance on digging into this lol.

[mrholty]

The biggest question that I have raised for many years that holders could go after (and I assume that is what some of today's buyers are planning on doing) is that the $35M of legal costs are too high and burdened unfairly.

Could you get 50M shares for $200k and then sue them and tell them you settle for a $2.5M to get them to move on. (you get $1M).

[ARuss]

As of June 30, 2018

Legal and other related costs incurred to date:
$35
Settlements paid:
30
Estimated liability for probable contingencies:
-
Estimated liability for unresolved contingencies at fair value:
263
Costs incurred plus certain estimated liabilities for CVR-related matters:
328

Allocated to:
CHS deductible of $18 million:
(18)
CHS co-insurance at 10%:
(29)
Recorded amounts that reduce CVR value after giving effect to deductible and co-insurance
$281

CVRs outstanding:
265

The estimated liability was right on the nose (minus the legal fees that are included in that estimate).
What other costs could possibly not be reported in this statement?

[Toastslave]

Settlement or not this has to be the richest company in the subs now.

[sylvesterf]

its been fun gents

fyi at people doing monkey math here - CYH released a statement today saying no payout to CVR holders. Not saying that statement is infallable... but its probably a good assumption to work under.

[Maso11]

Breaks .004 and it’s straight to .008 before the next resistance

[Maso11]

After settlement show me another penny stock that has 40-45 million cash! Extreme over reaction!! I’m buying all I can! Easy money

[SC777]

I'm always amazed how MM can gap a stock down 90%, and just hold it in place for hours.

[SC777]

Daytraders will run this once they're done loading

[johnhancoque]

The reserve was 318 million.
Total costs to date ate 260 million plus 42 million. Thats 302 million. That leaves 40 to 45 million payout with the 10 %

[huhcyhhz]

Apparently they've already paid out $42M in settlements. This new settlement exhausts the CVR even with the 10% from CYH. Just take a look at recent 10Q Section 14 Contingencies for what has been paid out to date. It's been fun reading this board.

[johnhancoque]

Exactly. Theres about 300 million paid out atm bit everyone is forgetting hma is responsible for 10 % of everything. So there is at least 30 million payout atm which equates to 4 or 5 cents. Has everyone forgotten this or what? Dont matter really your loss is my gain. Cheers

[johnhancoque]

Oh totally. Buying 5 or 6 mill as we speak its 2 cheap. Even if payout is just the. 10 % hma pays its at least a 5 cent payout.

[huhcyhhz]

They've already paid out $42 Million, there is no money left after this settlement. Pickup a 10-Q or 10-K. It was a profitable ride for me overall but left a lot on the table from yesterday!
https://www.sec.gov/Archives/edgar/data/1108109/000119312518229648/d497838d10q.htm

[SC777]

I think you're right, this action is ridiculous

[johnhancoque]

Its mms manipulating. Makes perfect sense. Do the math. 260 million plus legal fees is 300 million atm. Cyh has to pay 30 million of that which is at least 30 million in payout plus 18 million on top of the 300 million. Payout may be 40 to 48 million still but they want cheap shares

[johnhancoque]

Its being heavily manipulated premarket wouldnt be surprised to see it close 1 or 2 cents so im getting a few million right at open.lol
Hopefully I get those .003 cheapies. There still will be a decent payout dont know why all the selling.lol.ruuuuun

[SC777]

Don't understand the fire sale to .004 if there's still a chance for payout, makes no sense

[johnhancoque]

Total liability is still under 300 million. Just hma 10% alone is 30 million so thats like 8 cents payout. Either way your right if you are holding here its not worth selling but waiting for final numbers. Hma is responsible for 10 % which leaves at least 30 million

[SC777]

Either way not worth selling at .003 LOL

[SC777]

What's total liability?

[johnhancoque]

Remember. Cyh has to pay 10% of costs and fees. If they add up to 300 million, theres 18 million left plus 30 million hma has to pay for their 10% . so there will be maybe 40 or 50 million left which is 10 cents. Am I wrong on this or what? Probably buy 10 million today.fire sale.lol

[johnhancoque]

Well 260 million plus costs leaves about 35 million. 35 million divided by 265 million is 13 cent payput guys. I think you guys may be over reacting. Probably a very good day to buy a few million.imho

[johnhancoque]

Crazy. Well im sure there will still be 4 or 4 cents left for you guys. Looks like manipulation so dont get 2 down guys. Everyone knew the risk just glad I got out. Im probably gonna buy some on spec today.lol

[SC777]

Day traders are going to have a field day with this today, could see some wild swings

[SC777]

Funny how it looks like the payout was almost exactly near liabilities

[ulyssesgrant]

Now may be a good time to pursue that audit of the other fees which pushed the total liabilities over the edge.

[SC777]

I'm assuming this $260M is not enough to pay liabilities because this is tanking

[SC777]

Why is it going down then?

[ked2018]

https://finance.yahoo.com/news/community-health-unit-pay-260-003413724.html?.tsrc=rss

According to my math this is a 0.169 payout.

$1 - (settlement cost-18M)*0.9/total number of CYHHZ outstanding

1 - (260M - 18M) *.9 / 262M

[johnhancoque]

Going salmon fishing on friday and working next couple with nice weather. See you guys in a couple days.

[johnhancoque]

https://stockinvest.us/technical-analysis/CYHHZ

[johnhancoque]

http://m.stoxline.com/stock.php?symbol=CYHHZ

[johnhancoque]

https://swingtradebot.com/equities/CYHHZ

[johnhancoque]

http://www.stockta.com/cgi-bin/analysis.pl?alert=42&action=Module&symb=CYHHZ

[johnhancoque]

It appears by looking at the chart you guys may be in for heavy volume day soon. Looks like its getting primed for a pop. I may join in if that happens soon.

[mrholty]

Like Sylvester I sold a portion to be playing with house money. I now only own 1M shares so even if it was $.25 (which I doubt) or $0.00 I should feel no pain - I will be very disappointed if its a $0 however. I'd have liked to own more but I can't get greedy.

I have a set % of my investments set aside for speculative investments and I'm primarily in a few other stocks waiting for those to settle (one doesn't trade anymore). I was hopeful that it would be done over a year ago (5+ years) and the myriad of twists and turns there make this seem boring. That ones just posted that the final omnibus hearing will be in early November so I assume any payout from that will be in 2019. Sucks.

The next few weeks should be interesting here.

[johnhancoque]

But in all honesty I am happy for everyone here holding and over at amrn. What a crazy 7 years for both stocks. Ive been in both and lost some and gained some but wish I had of held onto more over the years. Very tough though to watch your money keep going down year after year. You giys will do fine here. I really cant see them settling for more than 150 million and with fees and expenses should not be over 200 million which could be 25 or 30 cents. It really does amaze me how this continues up so strong without a pullback. Im sure someone knows something by now. Gl all longs

[johnhancoque]

Yeah something is coming down the pipe. I thought for sure this thing would pullback but every day I watch it it amazes me how it keeps going. Part of me wants those cheapies but watching every day aint helping me out very much. Ugh

[sylvesterf]

i've sold about 1/3 of my position and am now playing with the house's money.

here's to a BIG settlement and soon.

[johnhancoque]

Yeah I can see. Seriously debating an all in scenario. Have a feeling if I just watch it everyday im gonna regret it bigtime.lol

[SC777]

This thing is getting bought up like crazy :)

[johnhancoque]

Well, should have bought amrn and been patient but hindsight is 20/20.lol
Such is life

[johnhancoque]

Does anyone here think its possible we will see a pullback to 2 cents again? Trying to set up some reasonable bids at reasonable prices.

[johnhancoque]

Starting to regret my impulsive dump a couple days ago. I have never seen swingtradebots give cyhhz a grade in over 6 years. Lol

[johnhancoque]

https://swingtradebot.com/equities/CYHHZ

[johnhancoque]

Any new filings yet?

[johnhancoque]

Right now im watching amarin as data is due within 8 trading days. Needed the cash to pick some up on the cheap if and when data is announced bad and it sinks under a buck. Nice to be in cash again ready to strike for the right opportunity.lol