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HUGE AFTER HOURS TRADING AT BTCS!
I watch this daily. That is the largest amount of after hours, by far, I have seen. And look specifically at that 1.3m single trade at higher then closing! Really wondering what we are going to see here in the next few days. GLTAL.
http://www.nasdaq.com/symbol/btcs/after-hours
Now that we are locked in I think I will point out a few things that could be a factor IMHO as a little guy.
1. If they own over 50% of the OS maybe they will not dilute?
2. Huge PPS values are not unheard of on the OTC. If they do not dilute, which I think would be very wierd at 80,000 shares, then a market cap of 75m would be about $900 to $1000 per share. This would then allow them to dilute down SLOWLY over time from there over years as they needed capital being very careful to control the OS and the share price with issuing additional shares to generate capital. Or, the market cap could go much higher. Who knows.
3. Here are a couple examples showing yes, $1000 a share is possible with even a much higher OS then at 80k. Not sure how relevant these are but it does show these levels are possible. Look also at the market caps on these. Obviously these defy logic with their market caps but just shows IMHO this is not over at all untill we see the market reaction. The market will decide what happens to GLGT with this reverse split....not any of the Executives who designed it the way they did. Much of it depends also on the finanicals when they release them also. Really super good, then who knows. I did not pick up cheapies but those who did, guess we will see how it pans out in the end. I sure hope and pray it goes well and everyone wins here. I for one can not take many more hits. Have been dang near wiped out over the past couple years. Really sad if this does go down the tubes again. The OTC stock would be moving closer to losing credibility with many more investors when things like this happen.
Examples I found:
Look at 100k OS and PPS.
http://www.otcmarkets.com/stock/SBNC/profile
Some sort of Aviation Company.
http://www.otcmarkets.com/stock/DUAVF/quote
Hello Everyone. I am doing some research on this stock and was wondering if there are any old Hemiwedge stockholders who are still hanging around here who could tell me how that turned out for them after this emerged as HII after the Hemiwedge stock was revoked? Was wondering if they diluted you guys really bad, or if the reverse split really bad etc? And, ultimately, if you made a ton when you thought you had hit the tank with Hemiwedge? Thank you for your help up front.
I did not realize a company could do that legally when it is a publically traded company. Maybe not PR, but you would think they have our contact info through our brokerages. If there is less then a certain amount of stock holders, you would still think they would have to send us info through our brokers since it is public.
I just can not understand why they went dark....seems like that could be a breach of feduciary duties by not disclosing ANY current information in a public company that is still trading.
I still think that this has some long term potential Pray, guess we will see. Lots of info of if they still have any revenues or not and what they own at this point and what contracts they still hold.
Me to. Hopefully something soon.
You know what is interesting Pray is I called and talked to a corporate merger specialist at Ameritrade. They have a department that just does research on companies and this subject. I spoke with her for about 45 minutes. In that discussion she was even more posative that this would end up being a merger of some sort with a share conversion based on the info she looked over. She said that the only way they could wipe us out would be BK and that contracts would be null and void if that happened. Also agreed, as I said all along, that is was highly odd and irregular for insiders to hold their shares down to this level with all the negativity unless something was planned. So, guess we will see. But honestly Pray, these are two very large brokerages and we both got similar responses from both. The reason the person you spoke with may have been hesitant to be more posative was because he was not a specialist in mergers and acquisitions. This person was, but I am sure could end up being wrong. But she seemed pretty confident that this would work out pretty nicely.
Pray, do you honestly think Jana and Vicis would stand by and let them suck all the assets out of the company without having to liquidate so they may get something back if even small? If they were going to bk they would have already have done it. The shell has value and based on what sticky posted, the debt can be removed so it has even more value to reverse merge into thus causing Vicis and Janas ownership stake to increase getting more of their money back that way then fighting over scraps.
Creation of MAC+APA(standing new subsidiary) reverse merged back into KADR for contracts, licensures, and negotiated debt for equity swap possibly for Vicis and Jana adding even more shares that will be bought out to take it private. Seems pretty simple. What are those contracts and the licenses worth...without having to all be renegotiated.....
Another question Nuubie, please explain why, if the debt was payable in full on 4-1-12 they did not just foreclose then and end this? Why bother to actually give a forebearance in the first place? And on top of that, why give them more money putting them even further in debt like Sticky said unless there was either another refi about to happen with another lender or some other type of work out where Comerica would be satisfied with the end result and were convinced it would more then likely work out for them? Otherwise, what would be the point? That is why I can not wrap my head around what you are saying. They had absolutely no reason to grant a forebearance if everything you are pointing out and saying is true. JMHO also for what it is worth...could be right...could ber wrong...but it is what I believe.
I agree bushman. Plus, what fills gaps very quickly and is usually not able to be forecasted by charts? Good news! Pr is coming, and that would really make the chart irrelevant...especially if it is being manipulated anyway. I still find it funny also that the BOD, execs, and past execs richardson and Goodhall have not sold one bloody share in a very long time! I think we may be onto something here. I am thinking it will not be long till we find this out. As far as the premium also, it could be much higher if there is not much left. If they cut a deal with the insiders of some sort then the BOD and execs would not have gone along with it unless there was something major in it for them. I am guessing .30 cents or better but could of course be wrong. Just thinking logically though on how this has played out.
With that volume, I am guessing they just bought back what they sold as people threw in on the way down on top of them buying much of what they sold early on. My guess is they did well today at accumulation with their big cannon tactics. Nice to know though that it takes that many shares now to manipulate it down. Soon they will not be able to do that anymore because there will be to much competition IMHO.
Hey Sting, look at this. Really interesting article. I really do think this may be going on even though it would be pushing the envelope in a big way with the rules. However, in the end, the longs that held on down here or bought sure would be in a great position going forward. Maybe this also could be part of the refi terms in reducing dilition and thus increasing the equity for Vicis and Jana? Could Jana have skirted a form 4 sale because they actually sold the stock back to the company for a higher price or took something in trade from Arcadia? Really interesting theory considering there are many areas of what is going on here where this would make some sense.
http://www.journalofaccountancy.com/issues/1999/may/mccarthy.htm
LOL, well I totally disagree with you, but you know what? If you are a true long that did exactly what you said then I am guessing you will state your piece and move on and not waste your time writing on a board where you do not have a vested interest!=-) That I have no problem with at all! That is what normal people do who invest in a company and I think everyone knows this.
Nuubie, you show up and say all this so shouldnt the preponderence of evidence be on you? The last filing of both Arcadia 10Q said as of 12-31-12 and Jana's last holdings filing with SEC(yes they have to file these if they hold above 10% if they sell) both say they ownt he stock. You are grasping at straws just because they are not disclosing that they own it in their fund holdings. Everything else points to them still holding it INCLUDING ARCADIA! I guess we will just have to agree to disagree. But seriously, I would rather you answer my other post because the way you are acting and how agressive you are on this board just showing up seems very suspicious to me. So why dont you tell me what you have to gain or lose here? Or are you going to avoid the question? We would all appreciate it if you just answered that because your actions have not point to them.
Exactly Sting. And also why whatever bad stuff they say, they have NEVER mentioned the possibility of BK IN ANY OF THEIR FILINGS? When Rotech was on the ropes with a approaching debt maturity, they mentioned it as an option IN EVERY PR!LOL I think it is funny when everyone says this is worth nothing and bring BK when there is absolutely no proof of this in any of their filings. I think they believe they could rif and reduce expenses drastically if needed to make it work if whatever plan A is does not work out. Either way, why all the bashing manipulation all of a sudden? Looks orchestrated to me considering it started prior to the Vicis 10q being filed. Almost like it was known it was coming so they could say "AHA, ITS OVER"LOL Longs have to be smart here IMHO and really understand the risk and reward either way.
Facts like they must have made a typo in their last 10q that Jana holds 25m shares of of 12-31-11? Much of what you have said revolves around that being a typo which is just ridiculous. So the question is to all longs, why is Vicis on this board? You have to ask yourself this question huh? We all know who you are, the timing is just to coincidental.
Nuubie, you are really living up to your name. You are arguing stuff WE DISCUSSED MONTHS AGO AND MADE DETERMINATIONS ON! You are so far behind here it is not funny.
1. Jana never filed the form 4 showing they sold the shares and Arcadia in their quarter ended 12-31-11 listed them as still holding about 25m shares. They do have to file a form 4, just like Vicis did, if they sell as a 10% holder. Not sure what shuck and jive is going on with their holdings, but I am guessing there is a logical explanation for it but because of insider rules they have to keep it quiet until it is public. But the bottom line, listed as a holding or not, Jana still owns the stock. Maybe they no longer HAVE to list it in their portfolio as a choice if it is OTCBB? The timing would really coincide with this theory and they have voluntarily chose not to list it. But, they have to still hold it or they would be in a whole heap of trouble for not filing the form 4.
2. Very simple, Arcadia received a warning, not a delisting, from AMEX. They chose to voluntarily delist instead of fight it. Period and this has been discussed many times months ago.
Nuubie, you are very late to the game here and are rather arrogant considering you are months behind on your DD and really wasting many peoples time on here bring this up instead of reading back through posts from many months ago. You know you can do this right and search for information if you have a question? You should really consider listening to some of the people here and their thoughts on what you have to say because more then likely because of the fact that you are just digging into this and some of us have been reading pages and pages and spent hours and hours dding this company, you are going to be wrong and lose credability.
Nuubie=Zoomkittyzoom taking it up a notch in a last ditch effort IMHO spreading the crap from yahoo to now IHUB which was the last place we could still discuss the stock without dealing with these games. Oh well, I am guessing it will not matter very soon here.
Ok, thank you Sticky. Good luck this week Sticky. It is nice to be able to have a rational conversation without all the crap like on Yahoo here. I still think as I said before that when you look at all the players, this is a winner. All the people with the power and money here have much more to benefit from refi then they do BKing the company. I think we both agree on this. I am not one that believes it will be June when we hear what is happening. I am guessing it will be much sooner maybe before 4-15-12 IMHO. And finding that info on the 10 day rule once someone crosses the 10% insider threshold compared to the 2 day rule if they are buying and already over 10% makes total sense now why Vicis did that. They are going to be buying maybe pre and post and I am guessing going to go much higher then the 10% IMHO. Anyway, looking forward to continuing the chat this week. I have definately paid my dues but am willing to go many more months for the big payoff.=-) Talk again soon. Have a good night.
Sticky, on that stock watch board you posted I did not see arcadia mentioned on there anywhere? Can you direct me to where it says something about it?
I like the idea of really waiting, post refi hopefully, till the end of year report where they will have the conference call and will HAVE TO lay all the cards on the table. If they continue operations forward without BK, I will not plan on selling this till the end of the year at the earliest.
Looking for companies with similar outcomes....IE Rotech. That is why I am here and have been watching this company struggle for a few years. These types of situations are really, IMHO, are a great long term investment. Just takes some patience along the way and understanding this is not all going to happen overnight.
Couple of steller quarters, no reivestment and totally towards the principal of Comerica and it would not be long till the ONE secured creditor is gone. Then we are looking at a totally different situation with a growing stable company.
Everybody, to me, IMHO, this is very simple and explainable.
1. They are trying to cuts costs and save money while increasing revenues to qualify for a refi. Why in the world would they add the expense back in of 350k a year to hire another CEO at this point until they get through the refi? Would not make sense and having the COO and CFO that are technically "free" to do their job because their salaries are already factored in, this makes total sense that they would not hire till post refi.
2. Why in the world, this late in the game on the refi and a massive change in the company structure, would they decide to hire an outside CEO? And, maybe the current guys shareing the CEO position are not sure they want to take over untill they make sure it all is going to work? But the most important part is, I am guessing guys, that the BOD is currently in total control of the company IMHO. And because of this, they do not want to bring anyone new in at this point when they have everything planned out or decide to promote someone to CEO who technically stood by while the company was run into the ground. That may be most of the reason why they are refusing to fill the position at this point.
Seems pretty simple to me. Unless they are merging which would make sense also. But, why try so hard for the revenue growth if not trying for the refi? Good question.
Here is my guess. The refi is not inked yet. The reason the refi is not inked yet is because part of the terms of the loan refi was specific numbers for this current quarter. IE, the quarter ending the end of this month. And seriously, you have to admit that makes sense also. I would guess there is a better chance for refi because of their actions then merger IMHO. But I guess we will see. Plus, dont we get a vote if they try to sell the whole company? Plus, who here thinks the insiders are going to say "thank you very much, have a nice day" and walk away from their millions and millions of shares they hold? They are on our side my friends. We all hold common stock that is the key to profit individually. Trust me. That is the biggest tell of why I think this will work out or they would have been gone long long long(did I emphasize a long time ago enough so you get it?) ago.=-)
I would think they would be obligated to release it. I think once it is done they will want to release it along with all of their plans moving forward. Rotech completed their refi prior to it expiring. I think it would be strange, however not totally out of the question, for them to wait till the last second to announce the refi. I am kinda suprised they have not already announced it. But, if they keep going without announcing bk past the maturity date, you really have to consider how they would be able to keep functioning unless it was done. So to answer your question, if it goes past the date of maturity with no announcement either way, I think we would have to assume they worked it out IMHO.
22m? Just wanted to make sure I had it right. =-) but still tons of room considering adding in on top of this what appears to be the 100s of jobs they have filled this quarter and may be filling over the next quarters. The interesting thing is also, just like in the DME industry, you grow revenues in the staffing industry, more then likely those revenues will continue billing for a long time plus additional growth the next quarter and the next.....becomes exponential.
Thanks Sticky. You have to admit, if you can piece that together as even an estimate I think it would give us a better idea of what removing dailymedrx would do to their bottom line. Many people on the boards who are bashing have said it is not profitable only as the service side business because they are looking at the service side unaudited financials. However, I do not think that they have taken this concept of what we are talking about here into account that there were maybe many SGnA expenses mixed in with the service side expenses also that will now lower those expenses on the service side going forward. Even in the year end conference call they verbally stated that the service sector alone was profitable. I am guessing some of the shared expenses that are maybe not apparent in the current basic financials as far as the separation could be substantial. Of course there must have been SGnA expenses that were being carried by the service side for Dailymed that will be removed going forward. The hard part is trying to guess what amount that would be considering this is the first real quarter where it will be truely just the service sector. May even be smoke and mirrors this time, but in q2 for sure, since the sale was supposidely complete in February, would have to have it totally removed.
LOL, you should go take a look at Rotech and their current filings Sting. They are currently 75% owned by insiders, institutions, and capital investment companies. Here is the wierd thing, I wish someone could figure out how many 100-500m revenue companies are actually on the otcbb? My guess it is few and far between. Rotech I am guessing would be one of the only companies of its revenues stream and size that is otcbb. Honestly, Rotech is proof that the institutions and capital investment companies are looking more at the company and revenues then they are looking at the exchange they are on IMHO. Especially in a bad economy like this. When Rotech was in the dumps, just like Arcadia, all of the shareholders outside of the insiders were gone. Of course now that they have stabilized, all those people are back and in the stock in a very big way.(for example, the fact that there is only 20-25% float) Just saying since we are talking about a company with some similarities here.
"For the quarter ended December 31, 2011, Home Care revenue as a percentage of total revenue increased to 85.0% as compared with 80.4% for the prior year period. Home Care revenues increased by $575,000, or 3.4%, to $17,546,000 from $16,971,000 compared to the prior year quarter."
Sticky,
The 575k is just the quarterly increase. For the year, this would be 2.3 million. This is prior to all the hiring. By the end of the year, I would think it would be reasonable to see their gross revenues increase with this 2011 growth plus the new hiring to 10-20m? Revenue wise we would be back where we were with Dailymedrx at around 100m then but those revenues would have the margin of about 30% instead of the 18% dailymed had which was eaten up in SGnA and expansion costs. These guys are not stupid at Commerica. I am guessing they see that this can be a turnaround in a big way by the end of the year. Plus, that 30% margin on the other 80m was being crippled by the SGnA and expansion costs of dailymedrx. So, how much of that 30% EBIDA of the 80 million will come back into the bottom line also that was being eaten up by SGna and expansion costs of Dailymedrx? That is the true tell of how big a profit we could be looking at. You are more current then I on GAAP and decifering un audited financials it sounds like. Do you have any idea how to pull an estimate out on how much overall they were spending out of the 30% margin on the 80m revs from the service side to help with expansion and SGnA of Dailymedrx? They had to some extent have been mixing the two in some ways cost wise.
Sticky, the 575k is prior to all the hiring that will increase revenues even further. Therfore, I think we could be in the black much quicker then a year especially if this hiring keeps up constant at the numbers we are seeing. Plus, as you said, there is a benefit to employee numerical growth from a margin standpoint also.
12-13m shares traded in two days(roughly almost 7% of the company stock) AND THE PRICE BARELY MOVES UP OR DOWN? The only explaination that I can think of is under these circumstances this has to confirm this is being manipulated. How else could this be kept where it is at almost at the exact same spot? Plus, look at the range of price? Not a major spike and then crash. This is very bazzare. Not sure who is doing it, but once the major news hits, whatever it is, I am sure we will have a better idea of why this is being kept down in a horrendous way. I wish someone out there had the money to decide they were going to accumulate 50 to 75m shares. Lets see what they could do to hold it down then!LOL Impressive though, even with these volumes, they were able to hold it relatively in the same spot. Very impressive.
Listen to him Taser. And averaged to .011? Wow, you must not have had much to do that.
We go much higher then a nickel on a refi update if it is posative. We went to .06 on no news prior to quarterly. IMHO, with posative refi update we are looking at .15 to .2 very quickly and some dang spankin volume for sure.
Sticky, there is some wierd stuff going on here. Since yesterday they reduced the job opening pages down to 35 pages again! Why in the world would they post 500 extra jobs, then just pull them down again! That is just wierd and makes no sense. Maybe they read my post about it being a signal we are getting close to a PR.=-)
Well, you have many more years to be sitting here and doing this Sting.=-) All i would say is if it does take off, be very carefull about selling it under the year because you will be taxed at the regular tax rate and you can not change your mind once it is done. If you are not making much in college, I believe you can have up to about 32k net taxible income roughly in long term holdings after the year THAT YOU CAN TAKE TAX FREE! Just something to keep in perspective and to think about and research before selling. Most people who have not been in this a lot will sometimes make that mistake and learn the hard way.
I did sell some of my holdings close to the peek of rotech. I still have a good position in it also because I think they are going to have a good year this year. They just bought a new home medical business at the end of last year that will add 11m in revenues so that will impact their financials for q4 negatively I am guessing because of the purchase. But I am hoping q1 will have those revs plus the purchase price will not be reflected so hopefully will be a profit. I think it could even go higher this year then the 4.92, but could be wrong. We will just have to wait and see like with Arcadia.
I made big money on Rotech Sting. If I would have gotten in at these prices on Rotech, I would have made the kind of money you are currently talking about. IT CAN HAPPEN AND I HAVE SEEN IT AND EXPERIENCED IT! Rotech, for example, if you would have bought your 100,000 shares at .02 which was the low, it hit a 52 week high of 4.92! Your same investment in Rotech would have netted you $492,000 over the course of a year or two of waiting! It has a lot to do with patience Sting and also looking at the tax implications. Even if they get the refi, I am not going to sell based on the jobs. I really do think that by the end of the year, if they get the refi, we could be in the .8 to 1 range easy.
I do not know how you arrived at this stock Sting, but I am here because of very methodical reasons. I searched out a company very similar to the Rotech situation and found Arcadia. Honestly, I think no matter what anyone says that Arcadia is even in better shape once they get things straightened around post dailymed. Trust me, and I thought the same thing at your age, it can happen and I believe as well as others will happen. You just fell into something very special here Sting and God has really blessed you IMHO. It is not only the company or the debt or the numbers that are the issue. It is also the nature of the business and what they do and what industry they are in. I have said it many times in the past, how many large major healthcare companies have you seen going BK lately? This is a very unique industry and sadly is probibly the foundation of our economy at this point IMHO.
I do not blame Steve either. That guy Sting has spent obviously 100s of hours doing research and working on digging stuff up. I have to some extent stick up for him considering he has been here for a very long time as part of the main long crew.
And StickyStock, you have done some good research, but also have to take into account that you just showed up very recently. And understand most of us longs who have been here a long time are just exhausted with this and the wars with the bashers and crap from the company playing smoke and mirrors games. It is nothing personal, but Steve is a guy who has dug up stuff also that I think does make some very good sense. And he has stuck up for me many times when I have been attacked on Yahoo by bashers. You should focus more of your energy on people like Dallas and Offlabel and others like that. After all the hours I have spent here Sticky, my opinion is that Steve is actually your allie, not your nemesis. You two just have very strong opinions of how things will turn out and feel you are right beyond question. Which as Sting said, unless you or Steve are insiders or psychic, would not be possible. Lets just hope it does not matter in the end and everyone wins who is long.
This was another point I have made many times Sticky. Walgreens would have NEVER have offered employment so publically to Richardson and been unbelievably sloppy unless they knew this was going to work out. They did not try to hide any of it. To me, if this thing sinks in a big way and BKs, because of this, investors would have a VERY strong case to pursue WAG in a big way to get a better valuation on Dailymed and the proprietary and manufacturing rights. So, what does that mean? As you have said, these are very smart people and very sneaky. They would have never been that stupid and made all of the arrangments with Richardson public unless they were totally stupid which they are not. They would have just let the company go down in flames, waited a couple months, and hired him there for whatever they were going to use him for with Dailymed. Very simple logic here.