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Could be 6...I think they have to have it filed by EOD 5/17/2012.
Whatever...7-8 total days :)
Our fate (for the next year) hangs in the balance
No it is not dissolved. It is just no longer tradeable till it comes back on.
So, 1 year minimum with no hiccups...everything on time.
If you look at their 2011 filings, their 10Q came out for 1st quarter on 5-23-11 (extension filed for on 5-16-11).
SOOOO, yeah...we're really going to sink or get to see back to back releases of quarterlies...
Good luck to us all! We need it...
Yeah now we REALLY are at do or die. No speculation on that...
If the report is NOT out by May 15 I think it is, then it goes off the exchange...I'm not sure how the SEC does it, but it says 30 days from when it was supposed to be out so it COULD be May 17 :)
Let's just plan to that...
May 17, 2012. Do or die!
And seriously how quickly would that new firm be the old firm if they messed up their first quarter.
And all those people with relatively low amounts probably have an option that they have not exercised...probably in the 1-2M range on shares they can exercise, but won't until it has some value.
I could have sold at that point...would have had a TINY profit. TINY at 3.5 cents. But, from this measurable point to whenever it takes off I believe is smaller than the total time I'd have to wait for any significant gains elsewhere, thus I chose to hold.
I'm sitting on quite a few shares...more than most and I'm scared, but trying to stay objective.
As long as they file their quarterly before the 30 day mark then I think very soon after that 1st quarter 2012 results will post and give me a solid profit if I want to get out then (don't think I will bail though).
Even if it does miss reporting then it is just going to sit until they come back on board, but that would take a year and would be tying up my money considerably.
ANYWAYS, long story short: I am holding. I think they will out perform any other choices I could realistically make at this point in time.
Look, they have 30 days from the day it was due before it becomes a major issue...So, somehwere between May 15 and 17th is when I would expect it.
This is the first time they have done this since I've been a shareholder...this isn't the same as filing for an extension. Extensions are not going to ding them or be considered late. THIS instance is different and will ding them and start to hold them to the 3 in 2 years going on probation type deal.
They have on month from the end of the extension, right?
So, by May 17th...not quite 3 weeks. I think I am going to get some more shares if it dips under $0.02 :)
I think the firm they hired knows what they're doing. They are trying to fix the mess left by others and I think it is more to do with the restricted shares being released in early May.
Basically, I think this is part of someone's strategy to get things cheap and then maybe they will release financials, a few PRs, then they are right back at release time for Q1 results, which would contain good information, more PR and then a huge sell off or something.
I'm not sure...but I definitely think this is all intentional
LOL...that is awesome and I totally agree! At this rate it will drive me to an alcohol problem.
Maybe that was part of their business plan all along?
If you give me money then I will buy :)
Most insurance companies, including BCBS, remit payment monthly. Now they are extraordinarily picky on claims. They will reject it for even the slightest thing being off which is their way of slow paying on many claims.
Typically within 30 days claims are filed and if kicked back have a 90 day window to be re-submitted if I am not mistaken.
So, altogether, usually within 60 days they have had claims submitted and paid (up to 30 to file and 30 to receive payment).
They usually just send one large check for the total claims filed and approved for a certain period.
I agree, just means it will take longer than expected :) BUT eventually they will!
It is dated in 2009...are you sure this is something current?
Yeah I misinterpreted that as 4/15/12...you're right. 17, but maybe late day so little effect til 18 :)
You are awesome at keeping up with the information on them FYI :P
Half the articles and sites and PRs related to them I would never see if you never posted them lol
The last run wasn't really a promotion...they struck a deal with Glacier. Between that and renewing their marketing campaign, bringing in new talent, and increasing patients seen per week it gives a more optimistic view for their financial future.
Unless you're talking about something else...
Yep...we all agree that it will. Just different expectations of when ;)
Typically a company trades at least 10x it's revenue...so to hit $1, it needs to be at LEAST 118,140,000/20 = about $6M in revenues (150 patients at 40k payout each, but supposedly it can be as little as 15-20k meaning you could need over 300). Only good news is that "over 300" means only a little more than 1 / business day. Big companies usually trade at 10x revenue which means they would need double that (300-600). If they release even more shares then they have 200M available sooooo could be roughly double those #s (600-1200 on the high side which is between 3-4 patients per day).
It'll take a long long long while to get to those #s. Chances are they will achieve those with additional clinics, not through a single clinic!
Anyways, i think if they show any positive net income, even a tiny tiny one, then we very quickly inflate back to the book value and then from there it will trade at some multiple of annual revenues.
I doubt we see positive net income, but I think we could see it when 1st quarter 2012 results come out (that is extaordinarily optimistic though).
I'll be on vacation starting Friday morning SOOO I will probably be less active on the board, but I wish everyone luck and especially me cause I have a ton of money riding on it :-P
I've been saying this since Nov. 4, 2011, surprisingly unseen by many apparently lol...the BIG big jump is going to be in the middle of 3rd quarter of 2012 when they report the 2nd quarter financials and we get to see the majority of the activity in the 3rd quarter by then as well (although not officially reported).
The quarter they're reporting on may not cause much of a jump since it is from the 4th quarter of last year.
That quarter is when the merger happened. 1st quarter 2012 is the first one they can actually be expected to execute something(and they have been thus far with glacier and increasing the # of patients treated).
The idea is buy now and you will see it fly in a few months ;)
Although, if they did show a positive income this time around then it will probably go up at least 6-10x in price :)
Matter of opinion really, but personally I think it will catch more eyes with a larger jump. Fast moving catches a lot more eyes (particularly authors of articles)than slow and steady climb when in this price range :)
So, I'd rather it go from $.02 on Friday to $.06-.10 on Monday and have people scream about a 300-500% increase in 24 hours. I think that will grab more attention than a steady climb of even $.01-.02 per day to reach the same $.06-.10 range. but even if it went from $.06 on Friday to $.10 on Monday then that is less than a 50% jump and seems less catchy if you ask me...
But again, it is a matter of opinion so do whatever floats your boat ;)
Honestly it is a waste to bother so much right now...maybe on thursday / friday. Until then whatever "bump" you give it, is unsustainable without new information. Not PR type, but actual solid information about the company and it's operations :)
is 518k the high?
I asked about 500,000 a while back and i think 4 people responded as above than that...
No one answered if they owned more than 1M or more than 2M :)
I originally bought in at .1935 and my avg price is .035 now.
I ran out of money for further investment due to some bills and what not >:|
Oh well. I have a fair amount of shares and portfolio theory would say it is a bad idea to invest much more into it given the balance of my portfolio :P
Which depending on the portfolio, some are now 100% CEYY lol!
14 more days...
Assuming that the filing comes in on a Monday since the 15th falls on a Sunday.
***SIGH***
Actually the promotions are sort've there, but the missing ingredient in my opinion is a positive net income lol. Once they break even and then some you consider them stable and investors would be ok with investing.
At which point it would trade at approximately 10-20x annual projected revenue ;)
And it would vary quarter to quarter for the next year or so (till they can actually show 2 consecutive years and what kind of revenues and what level of growth is sustainable).
Any one of a million things could happen this go around. 4th Q last year is not near as bountiful as this year has been. They will make it, but I doubt the $1 mark will be any time soon (that is around 3rd Q...mid way through it I project around $.75-$.81).
:)
I'm really bored at work...super busy week and now that it is all out of my hands for the time being I have 2 hours of nothing but computer based training to do...i hate CBTs :(
I think release would be on 4/2 (following business day). And the OLD accounting firm did always file for extensions...they have a new one :)
Guess we'll see! Worst case with that is another week then?
What's another week when you are already approaching the one year wait mark lol!
Well, my $.10 thing is because that is still less than 25% of the book value. If they can show a near break even and positive trend then I think we can easily hit $.10. You are thinking of it in terms of going up 300-400%. I am looking at it as 25% of the book value. Very reasonable...
The book value I think could be obtained if they show even the slightest profit and release the details of the Glacier deal. That assumes a positive effect on net income / future revenue potential from the Glacier deal. And from THAT I think we get back to book value (by back to it I mean within 10-20% of the actual book value) :)
And then from there 5x revenues (most companies trade around 10x) would be where the next few quarters come in...
The major spike, as I have always maintained, will not come till the middle of the 3rd quarter.
4th Q 2011 was getting a plan ready (optimistic side is break even / small profit and positive trend)
1st Q 2012 will show a profit and positive trend (optimistic side reasonable to large profit)
2nd Q 2012 will show a reasonable to large profit (optimistic side is they expand their current capacity past 2-3 per day and open up at least ONE new clinic + Glacier opens up at least one).
And the 2nd Q 2012 results will be released mid 3rd Q, so that is why I still maintain the real pile on will be mid 3rd Q :P
But optimistically, yes it could hit book value...but I think $.10 is the more likely scenario. Pure speculation though :)
But yes thank you for the admiration of the optimism :P
2.5 more days to go!!! Or 1 business day...
3 more days...
or possibly 1 more (i.e. tomorrow). I think we'll break the $.10 barrier within a week and within a month possibly inflate back to the book value :)
5 more days...
Possibly as little as 3, but probably 5.
7 more days...
Maybe Christmas is coming early?
Ask is at .04...let's hope the bid follows suit :P
I can't imagine they'd do another licensing agreement till they are in a stronger position i.e. can make a deal where they get more profit than from the glacier one. Glacier deal was probably more of a stay afloat tactic and thus they gave up more than they would have liked :)
I think we are all still "here" so to speak, but not much to say related to the stock for another 13 days :)
17 more days till we have something that matters lol...
This assumes they release on 4/2 and not 3/30 (3/31 falls on a weekend).
Interpretation, depending on what is written, could vary greatly.
Them saying they'll look into it could be the PC way to say we are not going to do squat about it :P
I agree with that as well...been saying for a while that the big jump won't come till mid 3rd quarter and the real real big stuff is going to take at least 2-3 years to develop (as in cracking the $4 mark and getting out of pink sheets).
If i'm not mistaken, then the market cap has to be ball park of around $480 MILLION for that to happen with current outstanding share volume. A combination of their assets on the book, prospects of future earnings, and growth of future earnings from both a nominal perspective as well as increasing the margin.
That is going to take some time, but not many companies are going to even have a chance at growing 100x their current bid price in 2-3 years ;)
It could take a lot more, 3-5 could easily happen if something goes wrong and there is pending litigation (that eventually ends well for us, but would leave a large liability buffer until such a time that it gets settled or seems like it will end favorably or with minimal damage).
Anyhoo...those shares aren't worth much to any of the executives until the $5-$10 range. So, they have a vision for it and it is just going to take time!
This could realistically be the new standard for alcohol rehab. And it has other applications and with a profit they could expand facilities, have more leverage with insurance companies, develop new uses for current products, develop new products, etc. etc.
But those are just my thoughts/ramblings!
Ah...it is 2-3 per WEEK not per DAY :P
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001494733%2D12%2D000009%2Etxt&FilePath=%5C2012%5C02%5C02%5C&CoName=FRESH+START+PRIVATE+MANAGEMENT%2C+INC%2E&FormType=8%2DK%2FA&RcvdDate=2%2F2%2F2012&pdf=
My bad lol.........
Actually they did say they were treating 2-3 patients per day...which is their max...which is why we are all excited :P
I think it was in the 8/k