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Hopefully we see a recovery in this one tomorrow not sure how it will play out.....
New York Health Care Inc (BBAL) is the trading Co.
BioBalance LLC. is what is being BOUGHT...not BBAL.
Called BOTH Co.'s to clear this up.
IMO the PR was "phrased" just "so"....on purpose...so Mr. Murry Engal, CFO of NYHC could get a pop on his BBAL shares.....
Just a little info on what happens when a company buys stocks of another:
Most of the time, what happens is that you get shares in the new company, and your shares of the old one go away. It's rarely a 1:1 swap; there's some ratio determined in the merger or acquisition agreement. (Since you can't own a fraction of a share of stock, there's sometimes a small cash payout for shares that don't swap out exactly.)
Sometimes, they don't retire the old company's stock. A company can buy up a controlling share of another, gaining power over it and installing a new board of directors but not actually incorporating it into the new company.
Sometimes, they may just buy you out for cash. Companies don't like giving out cash when they can avoid it. There's often cash involved, but not for the individual investors; it's usually paying off creditors. But if the company won't cooperate in the acquisition, the easiest way to do it is to bid high and buy up all the stock.
They've invented a lot of other ways of doing it, chopping companies into pieces, and some days it can be hard to know exactly where all of your money is going to or coming from. Most of the time the board of directors of the company keeps you from getting too badly hurt in the process (since they've often got a lot of shares themselves), though in the case of malfeasance you can get stuck. (It's illegal, but it happens anyway sometimes.) In the case of a hostile takeover you can actually do pretty well, since a hostile takeover can only happen when they bid aggressively for the stock.
Sign in to report abuse or send a compliment PamPerdue 39 months ago
It depends on what deal the stockholders approved
It all depends on what deal was made between the acquiring company and the acquired one and must be approved by the majority of stockholders. This has happened to me twice. In one case, it was a one for one stock swap. My 100 shares of Company A (which was acquired by Company B) became, on the date of the takeover, 100 shares of Company B. In this case, I still had shares of stock but they were now for a new company. However, in many cases, you don’t get a one-for-one exchange; it depends on how the two companies compare in value (in other words, you may have 100 shares of Company A but when Company B acquires it, they may issue only .25 shares of Company B for every share of Company A, thereby giving you only 25 shares of Company B. After the deal closes, Company A is no longer traded on the exchange because it no longer exists as a public company. By the way, if you physically have the stock certificates, you are told what to do with them to get the new certificates. If you have the shares held by a broker in the street name (like Schwab, etc.), then it’s all taken care of for you.
The new cost basis of the new Company B shares was based on some quite incomprehensible formula which fortunately Company B explained through examples!!! It is very important in a case such as this that you retain the documentation which tells you how to compute the new cost basis of the shares, since you’ll need this information if you ever sell the stock or IF (which can happen over the course of time) Company B gets acquired by Company C!!! (Yes, this happened to my shares, believe it or not!). Again, if your shares were originally purchased through and are still with a broker such as Schwab, they make it real easy and compute the new cost basis!
In another case, I had shares in a company that was purchased by another company and this time they didn’t issue me new shares; instead, they TOLD me (and all other stockholders) that on a certain date our shares would be exchanged for cash, at a set price. Of course, we stockholders had to approve the price that was set in order for the deal to be approved. So we ended up with cash (either long-term or short-term capital gains taxes were due when the deal closed). Again, if you’ve dealt through a brokerage, they should let you know what the gains are.
ok I am not buying this anymore, I don't care if this goes to the moon (i doubt it now) or sinks..
They clearey stated they need shareholder approval and hope to close by september, yet they give no price. There is a lot of green between the ball and the hole on this one. misleading to say they will for sure. imo
This is an explicit contains that everybody understood, today is just MM manipulation to cover the friday`s short position : 466904 shares.
20110617|BBAL|466904|0|2221978|O
Great deal for BBAL selling to ELGO BioBalance LLc
lol, let the misinformation begin, folks, dont be fooled, BBAL shares will be bought by ELGO,
Read the PR:
"Enterologics, Inc. (ELGO.OB) announced today that it is acquiring all the shares of The BioBalance Corporation and its subsidiary BioBalance LLC from New York Health Care, Inc. (“NYHC”). "
CLARIFICATION
The Bio Balance transaction was not consummated until January 2003, in what became a reverse merger. Technically, although New York Health Care acquired Bio Balance, it was the start-up business that was the key player in the deal, as revealed by the company's new ticker symbol, BBAL.
"The sale of BioBalance will enable New York Health Care to concentrate on its core business," said Murry Englard, CEO of NYHC.
NYHC owns BioBalance (BBAL)
Enterologics is buying BioBalance (BBAL), NYHC subsidiary
Apparently NOT "typical" MM B.S. I just called NYHC...they don't know what I was talking/asking about....I was refered to the contact # on the PR which is for Enterologics.
THEY said THEY didn't know "why" BBAL ran up the way it did yesterday either because that are buying a subsidiary OF NYCH
who's ticker symbol is BBAL...... NOT BioBalance, LLC.
IF the deal was really laid out the way our wonderful pumpers have portrayed it....Enterologolics would be buying NYHC and its stock BBAL.....but that's not the deal....
Enterologics is just buying a subsidiary and its patents.
I'm out.
Disappointing volume today. Didn't expect this at all but hey, dips are always a great opportunity.
CSTI is our "culprit" nice scare job...but there he sits on the BID...gobbling up what he can shake loose....
I'm really seeing nothing today but the MM's in accumulation mode.
They "know" what BBAL will do this week.
LMAO dropping on only 250k volume. BBAL down off of 1 shareholder's position
No seller...Typical MM "game" going on right now..look at the spread.....they're trying to scare people out of their shares right now.....remember....we only have 33.5 mill in the O/S
MM's are IN "accumulation mode" right now and are playing tag-team in their scare tactics...that's why they sent CSTI to sit on the ASK... ; )))
Just low volume sells. Under or 10k shares.
Thanks for the complement. I love being called son.
WHo could the seller be? It didnt appear to be dilution?
Old retailer?
MY comments are immaterial, MM VFIN wanted "something". VFIN moved the ASK to .04 Someone ate those (wish it were me, but no) then VFIN pops and moves to .55 on the ASK ..... ;)))
You need to learn what real bashing IS son, before you accuse someone of doing it. I expressed an opinion based on the LEVEL2 and the stock action or lack of it at the time. Nothing more.
I was made aware of this play Monday after market close like everyone else...planned on getting in today all through the weekend.
I "BID SAT" not really thinking I'd get filled...Was just about to flip to a new choice when I got the fill.
I'm not surprised he jumped on board.
The Slo Stoch woke up on Friday after being flat for a long time. It's currently at 38%. The Slo Stoch will not stop imo until it gets to 80%. Imo we have several more days of UT in BBAL. I wouldn't be surprised if the momentum crowd shows up later this week for a blow-off top. For now, we are consolidating. Peeps would be smart to take a position.
it is sad, happens almost every time....
gee i guess thats explain your bashing BBAL this morning
mms keeping it low right now, people see that on the chart and dont buy in until l2 starts setting up for the next run, it will come, remember how many buys on friday were in the sixes, mms will hold her down until they cover a bit, and then we push up again,
Well....I'm in her now so.....GO BBAL!!! lol
Yea. I saw the gapper this morning an was hoping it was going to break resistance today
To be honest, i was expecting bigger volume today after Friday. Really surprised about the low volume.
I was expecting a nice run again today after the strong close on Friday, there was no crash EOD, it almost closed .06 (500%) was it not for a little bidwhacker.
Patience is virtue i guess
But there is absolutely no volume tho. There's nothing going on with stock IMO but hey you never know right?
Maybe not today. But after the dip and sellers gone this will UT again.
The truth vanished quickly, kinda like the value
Well....you have to figure, at least....that the buying Co. has a 52 week Hi of .61 which is trading NOW @ .31 ??? and a trading vol. of 2,600 today....
Looks like one small float POS buying another small float POS
BBAL technically and fundamentally is a buy imo
Technicals will reset later today, then next leg starts
Read that complete report too :
www.cfsg1.com/2007/pdf/BioBalanceinitialreport2.pdf
Because often penny stocks run huge on nothing at all and BBAL has a buyout here and is a legit company!
Yes i'd like to know the numbers too but so far it didn't say the numbers in the PR
We know ELGO is trading .27 so maybe BBAL could meet ELGO above .10 too
In that huge report "With less than a 2% penetration rate of the IBS market, estimated annual Probactrix revenues would be in excess of $1 billion."
Making little math, getting easily few $ /Share :)
How can you say it doesn't matter what the buyout number is? Look's like one pumper left.imo
Good question. Many asked this and unfortunately it doesn't seem like it says it anywhere at what pps.
However in penny stocks they have their own physics so often it doesn't even matter what the numbers really are.
Any idea of the buyout PPS?
It ran huge Friday, closed 450% then. I think buyers are just waiting for a potential dip first before this takes off bigger. Once there are no more sellers on the bid it's gonna go up more and more.
Well...so much for it taking off like a rocket....
Kept nicely huge gains from friday, and still in positive territory today, all looks bright for BBAL...
This is closing in september 11 if approved where is the income?Trials are expensive and they have a long way to go. Buy out from a company loosing money already. This will fall harder than it climbs soon. imo
Plenty of ca$h for ELGO with this medicine buyout: Probactrix, and very nice ca$h return for BBAL :) Enjoy the run !
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Providing a full range of home health care services to the senior, disabled and rehabilitative patients in the greater New York Metropolitan Area, Long Island and Hudson Valley Areas. Does your elderly parent or grandparent need home care, beyond what insurance covers? Perhaps you're not sure what kind of in-home care is needed. When in-home care services aren't fully covered by insurance, New York Health Care is your solution. Servicing NY Metropolitan Area Since 1983
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Established in 1983, New York Health Care, Inc. was formed as a natural outgrowth of the increased demand for at-home health care services. We provide a full range of home health care services to the Senior, Disabled and Rehabilitative patient in the greater New York Metropolitan area, Long Island and Hudson Valley Areas.
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NEW YORK HEALTH CARE, INC. is licensed by the New York State Department of Health to operate as a Licensed Home Care Services Agency. NYHC makes every effort to anticipate our clients' needs. Our staff is carefully selected and trained to provide a wide range of services that make the patient feel like they are being treated by a family member.
NEW YORK HEALTH CARE PROVIDES:
NYHC PROVIDES CAREGIVERS THAT ARE BILINGUAL IN SPANISH, RUSSIAN, CHINESE, ITALIAN, CREOLE, & POLISH |
Location Type | Headquarters |
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Annual Sales(Estimated) | 44,399,303 |
Employees(Estimated) | 1,462 2 |
SIC Code | 2834, Pharmaceutical Preparations |
NAICS Code | 325412, Pharmaceutical Preparation Manufacturing |
Products, Servicesand Brands | Information not found |
State of Incorporation | New York |
Years in Business | 27 |
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