Pacific Health Care (fka PHCO)

[otcbargains]

Wow - this thing is stinking cheap. Someone needs to spread the word.

[rrufff]

Another bones0420 cut in half.

Oh well - that's the way the game is played.

[stevenktallman]

lol hey something is up with pown keep an eye on it

[Tina]

yeah, I thought it was funny that they noted a 67% increase in employees (there's only 6)

and 3 are board members

[stevenktallman]

oh ok i agree sorry about that

[Tina]

Steven, where do you get "good revenues" from?

IMO it doesn't look good at all for this organization

As of March 31, 2007, we had cash on hand of $318,494 compared to $592,455 at March 31, 2006. The $273,961 decrease in cash on hand is the result of decreased revenue from operations, which was compounded by a significant increase in legal fees associated with defending the Company against the lawsuit brought by Marvin Teitelbaum and Peter Alexakis throughout 2006. We believe that cash on hand and anticipated revenues from operations will be sufficient to cover our operating costs over the next twelve months. We do not anticipate needing to find other sources of capital at this time. If, however, our revenues are less than anticipated we may need to find other sources of capital to continue operations. Most likely we would seek additional capital in the form of debt and/or equity. While we believe we are capable of raising additional capital, there is no assurance that we will be successful in locating other sources of capital on favorable terms or at all.


Results of Operations

Comparison of the three months ended March 31, 2007 and 2006

Despite a 67% increase in the total number of employee enrollees during three months ended March 2007, total revenues decreased 29% to $404,319. As a result of goodwill gesture, in February 2007, we entered into an agreement with a major customer to absorb the cost of re-enrolling their employees into the HCO program with no additional revenue being generated. Another contributing factor to decreasing revenue is the increasing popularity of our a la carte option. This option allows an employer to enter either our HCO or MPN program at a lower rate and pay a separate cost for other services as needed in the future. We expect that our goodwill gesture in February 2007 was a one-time event. We also anticipate that our a la carte option will continue to be a popular option in the future which could contribute to reductions in revenue in future quarters.

[Tina]

During the year ended December 31, 2006 the Company anticipates
realizing a loss from operations of approximately $90,000 compared to income from operations of $13,000 during the year ended December 31, 2005. The Company anticipates realizing net loss of approximately $77,000 or $0.00 per share during the 2006 fiscal year compared to a net loss of approximately $29,000 or $0.00 per share during the 2005 fiscal year.

and no volume

[stevenktallman]

this is sweet low float good revenues

[Tina]

yikes! you did it again

have matt put the company name and ticker so people can see the quotes here

[$heff]

This stock has tremendous potential! Will follow up with more DD in the box very soon:)