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Logo...I have to agree on the .102. This matches my assumptions from a couple days ago. The key is if we can close above .10 anytime this week.
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15:22.03 is my 1000.
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They work for the Hunkeler Corporation...I think it is in Zolfingen. Or close to it.
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Either of you know Franz Hunkeler? Or hanz Gutt pronounced GooT?
I will check out the Grand Hotel Victoria- Junfrau before I book my flight to the Flug Haven..lol
I will hold you to the lunch....I will pay to take the train to the Alps in GrindelWald (sp)?
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Home free for another day
IGGYS-Keep watch for the last 4 minutes...I need to get back to the office.
Thanks
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The triples usually mean something...I just don't have the expertise that Maro has with the MM codes. I believe he has stated they don't use codes on the stocks with volume under 5MM..I don't agree.
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I will send it after I get home from the office this evening.
You are welcome. I hope to go back to Bern later this year. Maybe we can meet for lunch at the Montana hotel in Lucerne.
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RON-Conclusion confirmed. Yes you can mail to the investor relations, but they will respond with a thank you blah blah blah that will not tell you anything material.
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GZFX is taking a pounding..either buy more or dump it like a bad habit
Now somebody else needs to keep it there
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Fine...I am taking it to .089
Don't make me do this by myself..."C"..how about make it 31K
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Pfrenz...you turn to paint it...do it at .085 and they may raise to .087..then I'll take a turn
Poormac-That is a much better story than too many nurses under the circumstances.
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Don
You had asked that I come on over and give an update as to what is happening on World Health (WHAI)
Here is a sampling. If anyone has questions or wants more detail or a definition of who or what I am talking about...I will be more than happy to fill you all in.
Things should start to heat up shortly. If I am not mistaken, JP's 30 days are up and we should see a filing shortly that shows he has bought back his shares in a private sale.It will cost him a little more than 100,000.00 as the share price was .0385 when he sold them and it is .085 now. Not sure if he promised a fee to have the associate hold the shares for the 30 days. Given the benefits he received for the write off, it makes little difference to him.
If he and his associates or other 9 or 10 in the group have accumulated the needed shares then we will see some activity very soon. To be on the safe side they needed about 30MM overall. JP will be back to at least 5MM shares. It is likely that the others in the group had 1-2MM each. Lets assume 1.5MM for the sake of argument, and that there are 9 others. This would be 13.5MM and add JP's 5MM you get 18.5MM.
We don't know how much of the last 30 days were accumulated by the Peterson camp, but it is possible that it was as much as the needed 12.5MM.
If my assumptions are correct we are about to see the boots to the front door, and the rears to the BOD.
I will give you all a heads up when the doors fly open.
I have a high level of confidence that we move above .10 this week. The question is whether the SP can hold above that level. I believe the answer is yes.
It is also my opinion that this is the last week to accumulate below .10.
For those of you that do not have intimate knowledge of what is happening there, JP is Jeffrey Peterson. Jeffrey Peterson has about 100MM avialable to him to act as a white knight to take control of the company. He sold about 2.2MM shares at the end of December for tax purposes in a private sale.
It is believed after the wash rule peiod which is 30 days he will buy his shares back once again making him a 10% owner.
It should come out in a filing sometime this week. He is into the stock about 6MM right now which means he has 6MM reasons to protect his investment. If he and his associates under the 10 investor rule gain the needed 51% to take control, they can throw the BOD out on their ear. This will significantl reduce the time it would take to win in a proxy contest.
Once he takes control, he will appoint his own BOD and begin the focus on structuring the company for success. It will be an 18-24 month process, but at the end of the 18+ months the stock will be between 5.00 and 8.00/share. He will then sell out to a company like KForce or MSN (stock symbol MRN). That will be the time when thos who bought at .04 or even .15 will be runnin g around bragging about the investment that they went from losing 100K to making 1MM..I plan to be one of those who are bragging.
There is so much information, but I don't want to monopolize this board with information that no one wants. I am more than happy to provide a much or as little detail that anyone wants.
Don can vouch for the validity of the info or my sources, so you don't walk away feeling like I am just trying to pump the stock to artificially high prices so I can dump.
That is not what I do. Good or bad, I provide the facts that I obtain or unearth. I have left no stone unturned while doing the DD on this stock. As you can tell from the charts...we are about to see some serious activity.
By the way, the stock closed today at .0925. I will admit I did paint the tape at 3:59 today by buying 1000 shares at .0925, otherwise it would have closed at .09.
GLTA
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Semi...Your turn tomorrow
Looks like my turn to paint the tape...1000 at 9.25 coming up
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Correction to my last post...it should have read 13.5MM and 18.5MM.
Jack-There is still info that I believe you need that I didn't want to post on the message board.
Do you plan to IM me or not? If you have all the info you need that don't worry about it. I would still like a response as to whether you will send a message or not.
Please advise. I will be traveling again shortly and I am less accessible when on the road.
I hope to hear from you soon.
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Things should start to heat up shortly. If I am not mistaken, JP's 30 days are up and we should see a filing shortly that shows he has bought back his shares in a private sale.It will cost him a little more than 100,000.00 as the share price was .0385 when he sold them and it is .085 now. Not sure if he promised a fee to have the associate hold the shares for the 30 days. Given the benefits he received for the write off, it makes little difference to him.
If he and his associates or other 9 or 10 in the group have accumulated the needed shares then we will see some activity very soon. To be on the safe side they needed about 30MM overall. JP will be back to at least 5MM shares. It is likely that the others in the group had 1-2MM each. Lets assume 1.5MM for the sake of argument, and that there are 9 others. This would be 15.5MM and add JP's 5MM you get 20.5MM.
We don't know how much of the last 30 days were accumulated by the Peterson camp, but it is possible that it was as much as the needed 9.5MM.
If my assumptions are correct we are about to see the boots to the front door, and the rears to the BOD.
I will give you all a heads up when the doors fly open.
I have a high level of confidence that we move above .10 this week. The question is whether the SP can hold above that level. I believe the answer is yes.
It is also my opinion that this is the last week to accumulate below .10.
Anyone disagree?
GLTA
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There seems to be confusion about what is meant by "and, for the sake of clarity, in no event shall such forbearance extend beyond February 3, 2006".
This has been included in the language of every agreement signed to date as it relates to the forbearance agreements. It is not intended to mean that there will not be future extension. What is meant is that CapSource remains in control of the extensions and that World Health cannot extend without the consent and a legal draft that endorses the extension.
Capsource realizes that providing an extension for a longer period delays any actions they could take in the event that a deal might come along that would make them whole. If such a deal came along and they were locked in to a forbearnace agreement that was executed for a longer period, the potential deal may fall apart before they could act on it.
In the meantime they know they are stuck continuing to provide the extensions as they don't want to write this much down as bad debt.
I hope this clears up the reason for the language.
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Thanks Speed-While I would expect that JP's group would know this or have been advised of their rights...If they didn't, they do now and should be excercising these rights.
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Jack-I have heard a couple of things regarding the bids/auction. I have heard the number of bids, who the bidders area and what the current bids are.
Capsource was never offered shares of stock as payment of the fees. The O/S are not as much of an issue as has been feared. The preferred has been identified at 6,000 preferred A series.
The common are something south of 80MM and north of 46MM. The information I have puts the common around 57MM.
The biggest issue with the intervention in my opinion is if it requires a proxy contest to boot the BOD. This will cost a minimum of 2MM and as much as 6MM. JP's camp would expect to be reimbursed by the company after assuming control.
It just works better for everyone when the group accumulates/acquires a majority. Unfortunately it remains a bit of a catch 22. They can't get in to take a peak without taking control. They can't take control unless they have the majority. They can't be certain they have a majority unless they take a peak.
Speed-Remind me again what laws in Florida would require the BOD/company to open the books to the shareholders? Is there a specific % of shares you must have as an individula or group to get this option?
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Jack-I would prefer not to be too specific on the source or sources of information, but I try to be certain that the degree of accuracy in my posts is high. I would never rely on just once source of information regardless of where it came from. There are certain things that I don't believe are appropriate to post on the board and I believe you could get a better perspective of the information you are seeking if you instant message me.
I will give you instructions on how to do that in the event you haven't IM'd someone before. Regardless of whether you have AOL or not you can go to www.aolinstantmessenger.com and download aolIM. Once you have done that just click on the IM or send instant message.
You will probably need to create a name and password first when getting set up. It will be easiest for me to recognize that it is you if you set up as JackJohnson.
Again click on the IM icon and a box will come up showing from JackJohnson and in the To box, just type in whyaskwhyca...then type in a message like...why... did you get this..then hit send. If I am logged on I will get the message...in turn I will respond and we can get started.
If I don't respond right away that means I am just looking at my computer right then. If it says I am not available..then that means I am not logged on to my computer.
Once you have done this a box will pop up any time I log on to my computer so you will know I am on my computer.
Let me know if you intend to IM me..that way if I receive an instant message I will know that it is you. If you don't want to IM me..that is fine too.
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I said I will do my share and buy 1000 @ .085 and before I could type it in someone beat me to it so I save the dry powder. Thanks for asking though.
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I'll do my share and buy 1K at .085
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I have a hunch we reak .10 tomorrow...but will we close above .10???
Thoughts?
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RON-I have to say that I am shocked by the fact that there was no 8K today. I would say that I was concerned...but I am actually a little excited that the predictability has now changed and we could get some unexpected news for a change.
Tomorrow could be a little more interesting than we bargained for. Keep you eyes peeled.
Just when you least expect it.......
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Time to answer Jacks question from earlier today. The question was....Does anyone know who is running this company from an operational stand point? Are the offices just running themselves or is there a king bee inside the hive? I'm sure its not the restructuring company. They will be in place for corporate governance more than anything else. I'm just curious if all the offices are reporting to a central manager or maybe just the janitor in Pittsburgh.
Here is a more detailed answer. Travel Nursing (TNS) was basically built by Paul Gunnoe, his wife Martie and Jo Ann Edge (VP). TNS was merged with Pulse to make one giant Division with a 2005 budget of 85MM. This has been and is still being run by Paul Gunnoe. It is my understanding that he is bidding on at least that part of the company as he wants what was his, back.
Parker Services basically owns the Seattle market. While it is still very competitive and their margins were fairly low they were actually pretty profitable. They had revenue around 24MM in 2005. The Division president is Debbie Crandall. She knows the Admin staffing business, but isn't exactly President material. She manages by intimidation...but still in charge none-the-less.
Atlanta is the Physicians Locum Tenens. It is the largest facility at around 16,000 sq ft. It was budgeted for around 85MM but struggled a little and came up short by around 10MM. I am not clear who is in charge here.
JCNationwide has the big DHHS contract along with MSN (stock symbol MRN) I have heard a wide variation on the budget and results so I hate to throw a number out here. I believe the contact was for 250MM over 5 years. I believe they came with their own debt load of around 8MM. I believe Gunnoe has had his hands in this and choses to outsource the government bids. It is a division designed to be very profitable, but when A&M came in they fired the President of some 10 years and put Dr David Friend in charge. I don't think the position was replaced so I believe Gunnoe is more or less in charge, but fails to put the same focus on this part of the business.
Do the math and you will know why Peterson's group see a solid opportunity to salvage their investment, despite their lack of expertise in the med staffing arena.
I am sure they have a plan on who they want to bring in to help restructure the company, reduce or eliminate the debt, and possibly make a couple controlled acquisitions. At the end of the day....say 18 months from now they sell the company in the sub 10.00/share range and make a handsome profit along the way.
This is what is in it for him. The rest of the shareholders just happen to benefit. But it wasn't a plan to be our White Knight. It should just work out that way. We would do the same thing if we had the exposure, and yet the resources to control our own destiny.
Three cheers for JP!!! Hurray...Hurray..Hurray JP
I hope this answers your question Jack. I just can't say that I know if the at least 2 presidents really answer to the Conway/Jones team or what the real structure is beyond that.
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I get 15 a day....I think you get increased after the first week. Maybe it is after two..not sure.
Jack..Did you try for a 4th just in case?
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I took my turn yesterday. Each day we take a turn and we can keep this up until news so it won't have as far to travel...or when it ends its journey it will be higher.
Good job Semi.
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Jack-I will answer that one tonight. I will give you the short version right now....Gunnoe is running the Travel Nursing Division which was Pulse and the Atlanta office I will check my notes as I can't remember what the other offices for Travel Nursing/travel Allied were comprised of.
Debbie Crandall is heading up the Parker Services division which owns the Seattle market.
More tonight
By the way..thrilled to see you on the new board!
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Iknow-You are probably right about the non-action associated with the lack of info, and what appears to be the lack of activity on the surface. This is translating in to a lack of activity in the stock price.
We are sure to see an 8K tomorrow, with the ususal extension until February 3rd. The only difference is that we may see some excitement before the expiration of that extension. The 30 day wait will be over and Avon will come calling.
I hope it isn't a doorbell but a great big footprint on the front door in Pittsburg...and even better a great big footprint on the rears of Higbee, jackson and the Conway/Jones team.
I guess we will see soon enough.
The inside folks were fed some info to pass on to the board. Since that wasn't all that effective they seem to have moved to the gag order approach.
JP and friends buddy jackson must have been told to lay low as well. Hmmmmmmm?
Have they come close to getting the little ducklings in a row.
The only question for tomorrow is if the 8K comes out during trading hours or will it be after hours.
I will pick 2:30PM...any one have a better assumption?
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So I bought a 1000 shares..take that ya bastids.
Who just painted the tape with that .072 purchase or sale as it may be...Why I otta..buy 100 shares at .08. Hat to spend the 14.00
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My two week trial has been going on for better than a year at no charge and 15 posts a day.
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Should have read I not O
O predict all of the above...or below in this case.
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Thanks Thirsty-Great Chart!! Looks promising. It appears if we can break through resistance around .10 and sustain it for a couple days we will make the teens soon after.
What is your read?
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