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So, are you saying that it is lucky you
came along and warned us of the dangers, which
made the pps crash, was a good thing?
You are listed as an IRP. Did you receive any
compensation from any third parties? TIA
Don't worry guys I am sure righty will be back soon and help answer all of your BK questions.
Just "hold tight" for now then "wait and see".
a/k/a
Nothing else you can do here. I did my best to show the board the deep financial trouble this compamy was in. BK trustee plans to liquidate assets to pay creditors. That leaves nothing for shareholders. Very unlikely you will find any buyers for your shares. Chalk it up as a loss.
help me guys i'm green at this computer stuff still have pencils at home (with real paper)
shoulda seen this one coming -- oops
anything left to do beyond eat the loss and move on ?
Thank you very much for the information!
Alan L. Goldberg
111 S.W. 3rd Street, Suite 701
Miami, FL 33131
agoldberg@crsmgt.com
Phone: (305)372-1100
Fax: (305)372-0188
Anyone know how to contact Alan Goldberg, Trustee?
it is amazing that one can be told about steve peacock, and yet people will still buy his crap. i guess that all the rats have deserted the ship. no post for days.
eddy-investor
The Company is or has been the subject of investigation by certain
state agencies, including securities investigations, in at least
the following three states: Florida, Michigan and Missouri.
You should contact the Missouri Attorney General. Give them all the information regarding your ERUC purchases and subsequnt losses.
I live in Missouri and purchased nearly 60mil shares at .0004 average. I lost about $24,000 in this scam. I tried to get out, but ERUC kept flooding the bid so that I couldn't even sell my shares for ANY price. I feel terrible that I fell for this.
Why else would Misoouri be investigating ERUC?
YEs Blanco was served a C&D order and yes Mark Solomon was his attorney.
I have a copy of that C&D order. Anybody can get one by contacting the Missouri Attorney General and requesting a copy of it.
It's even free.
It is just a little more than slightly odd that these two would hook up again in the future with ERUC is it not?
Well maybe not to some but it is odd to me and it is also a possibility that the reason Missouri would investigate would be due to the fact that ERUC was selling unregistered shares and Blanco was under a C&D order that forbid him from doing so.
Who knows. it was a guess that is being supported with known facts from the past.
stocklawmike could you explain what I have posted that would fall under "Wrongfull accusations"?
The financials clealry showed this company was operating at substantial losses.
Many people who sold their practices to ERUC had to sue ERUC in order to retrieve rent and other payments due to them.
There is a long list of people who sued ERUC in order to recoup what ERUC owed them.
ERUC reverseed this stock and has diluted this into the billions once again.
They touted a buyback while diluting.
They touted a preferred share exchange for months that is not going to take place.
They were selling stock to cover losses but eventually ran out of buyers which caused them to start defaulting on their obligations.
There is nothing "wrongful" about it. It's all documented in PR's and their financial filings with pink sheets. I said long ago they were a bankrupt company utilizing shares to bridge the gap between their loss and their obligations.
Evidently I was right was I not?
Greedy I have practiced law for 25 years you need to be very careful what you say. Wrongfull accusations can come back to bite you.Especially people like you who post so much.
exotic the creditors will get pennies on the dollar.
I believe I said for months, if not years that this company was technically BK and was surviving solely on selling stock.
I see they are under investigation which is also a good thing.
The Company is or has been the subject of investigation by certain state agencies, including securities investigations, in at least the following three states: Florida, Michigan and Missouri.
I find that interesting because Frank Blanco was served a C&D order in Missouri many years ago. Just so happens his attorney in that case was Mark Solomon. Any sale of unregistered securities to people in Missouri may be a violation of such order.
I also had sent a very detailed report to Florida securities regulators.
Nice to know that they follow up on such reports. I hope they get whatever is coming for them.
I wouldn't expect much, any assets could be fully depreciated.
Yep, that's pretty much it.
All operations have ceased, no exchange will take place and they are going to sell off assets to pay creditors.
It's a liquidation.
Game over.
Who wants to bet these guys resurface in the very near future?
and away goes erug down the drain what a waste of a very good idea
Looks like just typical filings in the BK case.
There is a long way to go there. Nothing will change here anytime soon.
ERUC website has been taken down.
Looks like this one is nearing the end. I'll have a look at the BK filings and see what they say.
look at this
15,499,112 that is the short count
and the selling just keeps on fire up them printers they need more shares Has anybody gone the stock option the company is offering,,,Didnt think so It will still be worthless stock,,, no matter what
I'm glad I was able to dump at .0001 :)
and the dilution just keeps getting worse
imo, Continued outsourcing of the Xray ala carte service facility could reorganize the very roomy HQ into a standalone clinic or sublet medical professional center...
exotic looks like ERUC is about to blow away soon. I see nothing that would qualify them for a Chapter 11. They are a money losing entity and to allow them to restructure their debt won't change that. Only real option is liquidation.
and the lights out...
exotic, that location is still closed?(EOM)
Just a sign on the door...
Have the creditors forced liquidation yet?(EOM)
and the dilution just keep on keeping on This company is a huge POS
Stumbled on to GRDO--OS only 320m---took my ERUC to by some :)
hey noboundaries, i owned this pos also. the concept i thought was terrific. i knew there was a need. the people running it had experience,at least i thought so. i sold out at .oo2 which i was nervous that it was going to go up. little did i know that it was a bargain. i said that the entire co. could be bought for 200,000 dollars. this is less than what my building was worth. what a joke. if anybody buys in and thinks that the pps is low let me tell you , you will lose everything.
Been there...Done that...not again
my honest opinion is that there are always fools who want to be parted from their money.this company has been used as the personal atm machine for the principals of this company and nothing more.so, if you want toparticipate in a very merry christmas for mr. miller etal that is ones right.
WOW! BID IS BACK AND ASK IS UP! SOME VOLUME. WHAT HAPPENED? LOL!!
the original and probaly still principal owner,mr.miller has been in the er business for over twenty years. yet this co. eruc has been simply a cash cow for the principals. do i think it is mismanage, no it is doing exactly what the management designed it for, to bring in revues for mr. miller etal.
in2lite would you say the most successful medical practices are run by doctors or by lawyers?
I have seen some successful urgent care centers. The majority are extensions of hospitals. The other successful ones are run by the same doctors who you see when you walk into one needing some medical attention.
I can think of none that succeed by hiring lawyers to run the business from the sideline. I think this company has too many people being paid for doing nothing. Centers can make money but not when there are a handful of people with their hands out, making one bad decision after another.
The irony strikes me, given the following:
1. Florida is a non corporate practice of medicine state, therefore corporate entities can employ MDs/DOs.
2. There is an acute national and regional shortage of primary care physicians, i.e., demand substantially exceeds supply. PCPs can have an instant practice if they accept Medicare assignment and obtain credentialing by the major health plans.
3. Florida has excessive demand for PCPs due to a disproportionate share of seniors who consume 4 - 5 times as many services as the commercial members/patients.
So, could this be primarily gross mismanagement, or might their be another explanation?
ER pays market makers to buy and sell
Hey---i've held this POS for a long time : )
thats the easy part,,, the ones that keep selling on every tiny uptick is the real concern I have never seen so many stupid people in my life
Right, but who the heck buys 10 cents worth of stock? They'd need the stock to go to about .01 just to beat the cost of the trade with most online broker fees, and they'd STILL lose money selling it at that price (due to the sell fee). hehe
10 cents too much with the way this is going!!!
Am I reading the volume today correctly? 1,000 shares traded is all? So, someone bought 10 CENTS worth of stock today????? Seriously?
josey you can rest assured that it is highly unlikley that ERUC will emerge from bankruptcy.
Chapter 11 is a reorganization. ERUC has a very long history of financial failure. Brining in a new Radiology Group doesn't change it. They would have to wipe the plate clean.
Close all centers losing money, fire all management, hire new management with a proven track record of success and start from scratch.
Problem is, not many bankruptcy judges will allow that. I see them being forced into a liquidation by creditors.
I highly doubt the share swap will ever take place.
The company doesn't appear to be operating any more than a couple of centers at best.
I THINK THEY COULD EXTEND THAT SHARE SWAP TILL DOOMSDAY NOBODY IS ALL THAT INTERESTED The company is worth crap now and the shares are worth crap and everybody knows it
and another day of dilution by the company
but they just keep on diluting it dont they mmm they cant dilute it any further,,, I do think that the very next slap in the face to the shareholders will be another reverse split then this company will die on the vine
You would have to be a complete idiot to buy into this pos
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DD Links and info;
MIAMI, Nov 7, 2008 (GlobeNewswire via COMTEX) -- Mark Solomon, President of ER Urgent Care Holdings, Inc. (Pink Sheets:ERUC) announced that the Company had recently filed a petition for reorganization, pursuant to Chapter XI in order to assist the Company in dealing with its cash flow problems stemming from the failure of certain of its insurance reimbursers to remit funds for an extraordinarily long period. He added that the Company's core business continues to be positive, but that relatively large accounts receivable from just one company had put extreme pressure on the Company. Mr. Solomon stated that he hoped that the filing would assist collections the Company is dealing with in this situation, while other matters remain very positive. No further details of the filing were announced.
Valued Member Added DD;
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30170706
In a country of rising Hospital care costs and HMO issues, doesn't this cartoon say it all?
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