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Grandpappy – If I were management, I would know that there is no such thing as a private email to a shareholder or to anyone for that matter. Once it is sent to one shareholder, it should be considered sent to all shareholders. Been there, done that. If not, then wouldn’t it be considered insider information?
As a public company, management cannot pick and chose their shareholders. You get all kinds and have to deal with them. I guess the feeling I get from them is that they lump everyone in the “bad” shareholder category. That’s the feeling I get from them.
As far as the communication issue, I feel that they haven’t followed through on some issues they have brought up in previous PR’s. It’s not an issue of personal communication; I feel they can do a better job of follow through. Something they will have to do if they continue with their plan and grow.
So I see now, when you use "we" or "us" it should be ASSumed that it is a good "we" or "us", and when anyone else uses it, it becomes bad because you think it is and the person that used it is automatically judged accordingly. I don't believe that would be fair assumption. I am a stockholder in instaCare and have been for a very long time. I belive they have a chance on becoming a good company. I also belive that they could do a better job of disseminating information to shareholders, but hopefully that will change in time.
From your post #1076 "as you know it is the use of the word "we" that I disagree with."
Grandpappy - So I see using "us" in a post is OK, but when someone uses "we" it is a problem.
I just hope they grab the right hat!
An interesting HHS press release FYI.
http://www.hhs.gov/news/press/2006pres/20060216.html
Clare I guess I'm confused. Before the R/S you felt the value of the company would get to $500 million. After the R/S you can't see the company value getting to $182 million?
Did INCA miss out on this? Boy, I almost said "We" instead of INCA. Don't want to do that. Latest press release about e-prescribing.
http://www.hhs.gov/news/press/2006pres/20060117a.html
Latest HHS press release concerning prescription drug program:
http://www.hhs.gov/news/press/2006pres/20060117.html
Here is some info on some problems with the medicare/medicaid drug program
http://www.jsonline.com/news/state/jan06/385049.asp
In order to do that, they better get going. Problem is they haven't said anything about any contracts, prospective contracts, partnerships, trials or how they are going to get the drug medicare/medicaid drug business up and running. And that program has started.
We have a pharmacy in New Jersey and distribution center, a license in Arizona, a distribution center (how complete it is we don't know) in Hope, North Dakota and income from medical sales.
What we need is information on how these things are coming together. I mean real information, not the "We Agree" PR's of someone else's opinions.
It is time that the company let's the shareholders have a little more insight into there plan.
Again, throw us a bone here.
A Happy, Safe and Prosperous new year to all!
Looks like they are making some changes to the website. Latest developments have been cleaned up, MD@Hand has more info and investor relations has been updated. Also, the news items have been updated. Looks like they are getting ready for 2006.
GLTA
Zero - Please do not post information, that I have given here, on RB as if you have found it. If you wish to post the links on RB, please state that it was from a poster on IHUB.
I post information I find for those of us who have been in INCA when it was CDED and have suffered through the dilution and hype and have still maintained a position in this company.
It is put here to try to connect the dots to where this company might be heading.
I thank you in advance for your cooperation.
I found this interesting in the 8_K from 12/23 about Dr. Brill "...and is a medical consultant to BearingPoint, which is contracted with CMS to develop medication measures for Part D."
Here is a link to information I found for BearingPoint if you want to see what it is:
http://www.bearingpoint.com/portal/site/bearingpoint
I believe CMS is the Centers for Medicare and Medicaid Services
GLTA
FYI - Here is the latest HHS press release concerning prescription drugs.
http://www.hhs.gov/news/press/2005pres/20051222.html
GLTA
Looks like Dr. Brill has some good connections. I'm impressed because of the sponsor.
http://www.ashpadvantage.com/ils/faculty.htm
Well said Static - I couldn't agree more. Especially on the website. It is a doorway to your business. People come to it and if they see out of date info, i.e. old PR contacts, scrambled info, they will not go any further. It doesn't cost $10,000 to have someone clean the site up.
It would be a nice Christmas present to get a PR stating that they have some clinics using their PDA's on a trial basis beginning in January. Or even to announce that second "major" customer for medical supplies. Something.
Come on, through us a bone!
GLTA and a Happy Holiday Season!
Hi Chuck - I am not averaging done mainly because I have enough shares and at a price I can deal with.
No static. I'm bummed with you. I'll give it another quarter though.
You are welcome gentlemen - As I see it, INCA is currently priced fairly for its current business. Present business will get them 4-5 million per year in revenues. Small margins though. In order for the value of INCA to increase, they will need to begin increasing revenue quarter after quarter and increase margins. It does sounds like they are getting more customers for their current medical supply orders but that isn't confirmed yet with a PR. We will need to see the results from that. If it's good, this will give them cash flow for the prescription drug business.
The prescription drug business is the key and it seems they are taking steps in the right direction. I believe we will hear more general news, not necessarily from INCA, but from HHS and others concerning e-prescribing as we get closer to Jan 1. Let's hope these will include info in regard to how INCA will be a part of this. I don't feel there will be any more INCA PR's this year but I hope I'm wrong. Wouldn't be the first time.
I like that they have continued to retain their current PR firm. It looks like it is a good one. I don't like that they don't keep their website up to date. Still have old PR contacts on it, old news, and parts of it are incomplete.
Just a few random thoughts. I will continue to post info as I find it.
GLTA
For those of you wondering what a 340B pharmacy is:
"The “340B Program” was established by Section 602 of the Veterans Health Care Act of 1992 (P.L. 102-585), which put Section 340B of the Public Health Service Act into place. Sometimes referred to as “PHS Pricing” or “602 Pricing,” the 340B Drug Pricing Program requires drug manufacturers to provide outpatient drugs to certain covered entities specified in the statute 42 U.S.C. 340B(a)(4)at a reduced price, also defined in the statute.
These covered entities are Health Resources and Service Administration (HRSA) grantees, Federally Qualified Health Centers (FQHCs) and FQHC look-alikes, family planning clinics, HIV/Ryan White clinics, state-operated AIDS drug assistance programs, black lung clinics, hemophilia treatment centers, urban Indian organizations, Native Hawaiian health centers, sexually transmitted disease and tuberculosis clinics, and disproportionate share hospitals.
The 340B price defined in the statute is a ceiling price, meaning it is the highest price a covered entity would have to pay for a given outpatient drug. Entities can negotiate below ceiling prices with manufacturers. As a result, 340B prices have been found to be roughly 50% of the Average Wholesale Price (Schondelmeyer, Prime Institute, University of Minnesota (2001)).
The following document is one of nine sections taken from the ACU/PSSC 340B Pharmacy Resource Series and provides an overview of the 340B Drug Pricing Program."
Section 340B Drug Pricing Program: An Overview by Katheryne Richardson, PharmD
From the Arizona Pharmacy Board November meeting notes:
Pharma Tech Solutions, Inc.
Owner Keith Berman and Pharmacist In Charge Nate Kaplan were present to address questions from Board Members.
President McCoy asked the applicants to describe the nature of their business. Mr. Kaplan stated that the pharmacy would be a mail order pharmacy serving the indigent population.
Mr. Wand asked if this would be a 340B pharmacy. Mr. Burman stated that it maybe a 340B pharmacy in the future.
Mr. Wand asked if there would be internet prescriptions. Mr. Burman stated that patients will not be able to fill out questionnaires on the internet to obtain medications. Mr. Burman stated that the company has proprietary equipment (PDAs) that will enable physicians to use the internet to transmit prescriptions to the pharmacy.
Mr. Wand asked if the patient does not want to use their pharmacy will the doctor be able to issue a prescription to the patient. Mr. Burman stated that the physician can print a prescription from the PDA and give the prescription to the patient.
Mr. Van Hassel asked if they would fill other prescriptions. Mr. Kaplan stated that this is not a retail oriented pharmacy but a mail order pharmacy.
Dr. McCoy thanked the applicants for appearing.
GLTA
Here is information on States with Pharmaceutical Assistance programs for seniors, disabled, uninsured and others.
http://www.ncsl.org/programs/health/drugaid.htm
Would be nice to hear INCA is involved with this on the state level or how they plan on getting involved. I guess I'm looking for a little more detail to their plan now that licenses, distribution, warehousing, etc. are in place.
Has anyone heard the "how we are going to do it" part yet?
Here's one concerning electronic health records and the recovery on the golf coast.
http://www.hhs.gov/news/press/2005pres/20051117.html
Lots of things going on. GLTA
Another press release from HHS Dept. concerning e-prescribing and the Medicare program
http://www.hhs.gov/news/press/2005pres/20051101.html
I was wondering, if they stated in a July press release that "Currently, the Company has five customers, including Purity. Early July order intake represents $1.8 million in new purchase orders." , why is 3rd quarter revenue less than what it was in early July?
Interesting reading
http://www.hhs.gov/news/press/2005pres/20051005.html
I noticed that they are making a few changes to their website from time to time. They have changed the pharmaceutical products page. On another note, I think I've figured out that Kelly won the Illionis Business Man of the Year by 1 vote over Al Capone.
Well, let me see. Based on the PR from February were it was stated that:
"At our current rate of growth, even as we paused to eliminate unprofitable lines of business, I feel rather confident about the ability to meet revenue guidance whereby CareDecision will be operating at a revenue run rate of $175+ million by year end."
I would think we should see between $30 and $40 million for this quarter. That would get us there right? Then again, that was CareDecision, not instaCare. So I guess I'm at a loss to predict anything. Maybe $2-3 million would be more in line with what they have done in the last two quarters.
I see they have updated the website and have taken Mr. Kelly's name and bio out of the "about us" section.
Well you and I are eliminated so that leaves 5. A 1 in 5 chance. Better than the lottery. Umm............
If there is such a list, I'm certainly not on it. Nor would I care to be. Although I have been on other people's lists in my life, but that's a different story.
The information on the Pharmacy and it's license for distribution was all in the June 9th press release.
"Colonia Natural Pharmacy has agreed to convey its wholesale prescription drug distribution license that it maintains with the state of New Jersey, and has also agreed to file pending license applications in forty-seven (47) other states. These reciprocal licenses are typically granted upon application."
The filing is just cleaning up old business of options which is a good sign but not an "breaking news" type of item.
However, have they applied for and received the other 47 licenses? That's something that would be nice to know for every shareholder.
Grandpappy - From the July 6th PR
"The Company will continue to provide updates to the shareholders regarding legal proceedings against Mr. Kelly. "
Don't say it unless you are going to follow through. That's what we want to hear. The follow up. For this and other releases. Are plans proceeding as scheduled? What is the progress of our company.
Going to start shipping from North Dakota September 1st. Well did they?
We are asking for a little honest communication.
Agree, agree, agree. After saturating us with PR's, we now hear nothing. Not even progress, i.e., how is the North Dakota distribution coming, what about Colonia Pharmacy or the others they said they were looking to purchase. What's going on with the Kelley lawsuit. Have the hurricanes affected their plans at all. What we get is "INCA comments on recent significant news...." A comment on a news article. WOW ! What great information for shareholders.........@#$%^&*!
Regards-
Actually Dale, Robert Cox has been CEO of this company forever. They got rid of their newely appointed Chairman of the Board recently. He had only been chairman since the merger that created INCA. Box Cox and Keith Berman have been the two principals in CareDecision and now in instaCare.
The next month or so should be interesting. We'll have to see what their new PR firm does for them. They have quite an extensive list of clients. If you want to see it, their web page is www.lhai.com. The next milestone I believe is the anticipated launch of prescription drug distribution. I seem to recall a September 1 commencement date for that from a previous PR. I think it was in the annoucement of the North Dakota distribution facility. Time will tell.
Regards
Chucker - I'm referring to the 10Q just filed. In the section under legal proceedings in mentions that Purity's suit against Kelly. They are going after his assests one of which is his stock in INCA. They then would have an finicial interest in making sure INCA gets there orders. I think it's a plus and will supply cash as INCA moves into the drug distribution segment of their operations.
Regards