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yes, they are starting to roll. The spread between how the company is doing and how the stock price is doing, is at its widest point ever...the spread is gonna narrow.
well we know our risk now
you were saying???
Ki is expressing how many shareholders feel, its why the stock is .18 and doesn't trade. It doesn't mean we are all gonna run out and sell our shares at .15, it would be dumb.
thanks for responding, I guess no one cares or is going to the meeting. It would be nice if we could have asked a few questions at the meeting since we never really get any info from the company.
Can we get a show of hand of someone who is going to the meeting who can represent us? Maybe we can generate some questions for the board since the rest of us won't be there.
do you really think they are gonna give you a reasonable answer? I'd say they gotta get the whole building open and generating nice revs for awhile, then you can guess on your question.
anyone going to the meeting? If so, hoping you can provide a summary of it on this site. #1 question, where are we with the 32 new beds?
Accounts Receivable:
2022 $ 13,140 (whole year when biz had really not started yet)
1st qtr '23 $128,163 (biz starts)
2nd qtr '23 $454,220
3rd qtr '23 $672,694
Revenues:
1st qtr '23 $115,070 (biz starts)
2nd qtr '23 $372,764
3rd qtr '23 $271,474 (lower than 2nd qtr)
total 3 qtrs '23 $759,308
Its obvious that AR started to build during the 1st qtr '23, and build more each qtr. They get a patient and have to collect from the agencies like Medicaid, which must take months, so it gets put in AR?
So are their real revenues $759,208 (reported) so far after 3 qtrs in '23, or could they be $1,431,902 ($759,208 revs + $672,694 AR)?
The big AR number means something, no? It makes a difference as revs almost double with AR.
Appreciate any input/comment.
3rd qtr revenues, looks like they may have dropped about 29% from 2nd qtr numbers. Anyone clarify?
https://www.otcmarkets.com/otcapi/company/financial-report/386358/content
Their annual revenue run rate for the first phase of 28 beds is probably more like $2.5 mil/yr. You have to include most of the accounts receivable as billings in the last month of a qtr go into AR as collecting money from entities takes time. Here is my guess as to their revenues, maybe someone else has one as well. I don't believe that each bed brings in $400, maybe $250.
2nd qtr rev $370
2nd qtr AR $330
total for 2nd qtr $700k
when 60 beds $4.5-$5.0 mil/yr
The model is working, just have to get to 60-70 beds. Its the stock that isn't. Have to see what happens down the line.
That's old but good news, no one sees these financials, and no one out there cares except a few of us. No followers, no stock trading except a big seller, stock at lows...just calling the kettle black.
do you have your .05 bid in?
apparently not, this large punk seller seems to have an endless supply and is driving it to ???
dumb or not, this seller is for real and driving it lower. Another 45k sold.
unfortunately, no one follows the company but us, so PR's fall on deaf ears. The best option is a buyout cause the stock has no volume/buyers.
Yes, great news! Is the seller a short, long, or both? Don’t think we know for sure, but what we do know is that a need for buyers is crucial if this thing is gonna trade and go up. Fundamentals keep dramatically improving while the stock is under loved and near its lows. Wake up outside world, let’s go! Congrats to the board in putting things together and getting out the PR. Remember to go to the Veltex Recovery Group FaceBook page and “Like”, “Follow” the page! It’s a really nice page, take a look.
Veltex Recovery Group has a nice Facebook page, take a look and give it a "Like" or "Follow".
https://www.facebook.com/VRCMH
New marketing slogan: got beds?
no, someone big is continuing to sell at lower prices despite improving fundaments. Its been months of selling with a similar pattern and now it must be 500,000-750,000 shs, and not done yet. How many shareholders have 1 mil shs or more? it can't be that many. Who would sell knowing what we all know now and the prospect of it only getting better? Answer: no one. So, this person with a big position is motivated for some unknown reason, and I don't think a person with this size is dumb. Something just doesn't add up...
Mikester, I added right after that no one knows how many people were in out patient, that it was a joke. Let’s move on to bigger things in ‘23!
Mikester, that is a bad statement to make, unless you have facts? They just announced the opening of in-patient and the beginning of expansion and revenue growth, why would they say anything less at the meeting? Things look great going forward IMO. The stock has a better chance of going up next year as revenue data comes out.
I don't agree...a MM's job is to provide a fair and orderly market. Nothing fair about this bid/ask, even if there is a seller.
when market makers make a tighter market, they are advertising to the public that the store is open, you can execute at good prices, and they want your business. When MM's make wide markets, they are saying, we are open but you can't execute at good prices, we are not that interested in your business. We have a .40 stock and the mkt has been .10-.20 wide., they don't want any business. Tell me again why we bumped up to OTC QB? These guys are pathetic and should be fired. Tell me I am wrong. We have a company with great fundamentals and we get this? We are never gonna get any players when they see this behavior.
Sweet, need the fuel (volume) to build for the rocket to blast off.
We could only hope. Its not likely cause that would probably mean there isn't much of an offer, and one buyer could move this up, but the MM's and any possible real buyers know the order is still around, and not trying to move it up. Its a real shame that aside from this seller, me thinks there are other forces that DON'T want this stock up. So easy to see. Someone has to say it.
ya, but this dumb seller is big and has kept a lid on this no matter the news for months. Buyers where art thou.
it seems the upgrade to OTC QB hasn't produced any change?...still wide mkts and low volumes.
can the BOD's invite the short to the annual meeting please?
great V investor and lets add comments also.
We are seeing a little pick up in buy volume post PR, lifts one spirits . Any thoughts on whether this is a long with a big position just wanting out on any upticks or a short building a position and now having to defend it again?
He has been there for quite a long time, I'd bet he has more than 11k to go, probably a much bigger number. Our issue for now is the same thing, no followers and getting this news to players.
Yes, big news and a great PR. Thanks to management for getting this rolling, and painting an exciting 12 months ahead!
Mikester, we don't know how many out patients there are, I was just making a joke that there are a few in the building.
Mikester, ya I guess there are 1 or 2 OP's in the building. Quarterly reports are out and once again, there was almost no revenues from OP.
From the meeting announcement, it says "Cameras, cell phones, recording devices, and other electronic devices will not be permitted at the meeting. This will be to insure the privacy of any patients and/or residents"
What patients? I thought IP wasn't open yet? Has anyone called Mt Hope to see if they are open for IP? Per usual, shareholders are "guessing" as to whats going on behind the curtain.
someone buys 100 shs almost every day near the offer...keep it up, in 10 yrs he will take out the big offer
yes, let him/her get out and be out of the way.
we could only wish, you smoking some good stuff.