Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You have any facts to back up the claim?
Typical budfoxfun, ignorant to the realities so obviously seen in the trading.
I never look at float, it's rarely updated.
I always look at the unrestricted count, and since August 8 (confirmed by the T/A), that number has not changed.
24,761,020
But someone is definitely selling, and with all the news lately, we're down from the recent highs of .06 and unable to gain much traction. Eventually they will be out and we'll move freely.
Someone is definitely unloading shares, the question is, how many more do they have. Once they are done this will move higher in a hurry. It's thin without all that downward pressure.
Yeah, what a pathetic attempt. I truly hope the company didn't pay for this.
Found it...
The corporate practice of medicine prohibition exists in some form, by statute, regulation, board of medicine or attorney general guidance, or case law, in at least 42 states, all of which we operate in, though the broad variation between state application and enforcement of the doctrine makes an exact count difficult. Due to the prevalence of the corporate practice of medicine doctrine, including in the states where we predominantly conduct our business, we contract for provider services through a services agreement with Teladoc Physicians, P.A., which is a 100% physician-owned independent entity that has agreements with several professional corporations, to contract with physicians and professional corporations that contract with physicians for the clinical and professional services provided to our Members. We do not own Teladoc Physicians, P.A. or the professional corporations with which it contracts. Teladoc Physicians, P.A. is owned by Dr. Kyon Hood, one of our providers, and the professional corporations are owned by physicians licensed in their respective states.
CareClix Network is also owned by Korangy. It pre-dates CareClix Inc and it's set up to avoid liability. There was a good phrasing in the TDOC report as to why the telemedicine companies set it up that way. I'll see if I can find it.
Yes, this has been discussed also many times. Financials are necessary to move anything and everything forward.
Pamela,
This has been dug up many times before.
Check the link below for a better understanding of the way it's set up. Also you can check the TDOC filings to see how they set up their network of doctors.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155714704
Yes, this is the network of doctors that provide consultations.
This all has been discussed multiple times. Teladoc is set up the same way due to the varying laws and statutes between different cities and states. Plus it removes any liability for CareClix Inc which is the public entity.
Here is a helpful post for you...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155714704
That could be because you weren't here from the beginning to understand what they all are.
I don't even remember CareClix LLC so can you show me where that is?
CareClix Inc, is a subsidiary of SOLI.
CareClix Network PC is an entity that houses all the doctors for liability purposes. This has been discussed ad nauseum since it was discovered and if you looked into the way Teladoc is set up you'll notice they also have a PC or PN entity that all the doctors are part of.
I did buy some 40s and 50s, but I'm not buying more unless my bids get triggered much lower.
Honestly, volume has been very little since the beginning of September and I suspect we still need to get through a good chunk of shares.
I'm still hopeful the company can do something about this.
I appreciate that. In this trading game it's tough to find good people. I know some of my forecasts can seem like pumps, but I provide all the numbers I'm using and how I got to them. I don't just make things up to tell a story.
I think we can all agree that after Q2's earnings with 2 distributors and less than 2 months of activity that Q3 was expected to be much higher than $32M, but that's not the case. Next Q will be very enlightening as it will help show the actual growth the company is seeing.
The end of the year will come fast, we have elections, holidays, etc so we'll see next results before you know it!
I don't even watch the stock trade anymore, I just post here in hopes to calm nerves for those that may not have a good understanding of what's going on.
Take it easy!
Also,
Last night I took a look at the financials.
Initially it looked like both gross profit and net profit margins took a hit quarter over quarter, but when you add in the additional cost that was missed last time, the gross margin actually increased 21% quarter over quarter.
That's a good sign.
Net profit margin increased too but that's because of the overpaid taxes in Q2, and the lower taxes in Q3 to offset the overage. In the end, the net margin % stayed flat Q/Q which is great considering G&A and Commissions expense went up.
I'm hoping the company continues to work on increasing their margin %s, because that will help increase shareholder value.
A lot more. Check the filings from 2011.
Again, I've never seen something like this happen before, so there could be some shady things going on with the T/A and the old insiders.
If you look through old filings you'll see there are more shares held by old insiders.
Time will tell, there may be some nefarious things going on with past owners. I don't think management is part of it at all, and they are most likely figuring out what they can do, if anything.
Like I mentioned in a prior post, the T/A hasn't responded to me, even about the share count since I prodded them about the company's approval for the conversion.
If the conversion was done illegally, I don't know the recourse, but I'm going to act like it's just an unfortunate scenario and I will take advantage of any further dips.
Completely agree, and this is why you don't bet the farm on any one play. KAVL is one of the bigger parts of my portfolio only because my average is sub .10, and I will load the boat further if they take it lower, because fundamentally, whether it's this year, next year, or later, this will turn up.
This will take time to play out and as long as things are moving on the up and up business wise, then we'll all be fine, in fact we'll be better than fine if we stick to it and take advantage of the short term. We are in on the ground floor and in a good position. This company is on pace to hit over $100M in revenue in 4Qs and we're only trading at ~116M valuation.
Phillip Morris generated $30B in the last 4 quarters and they are trading at $117B. Or 4x revenues.
Look at companies like AAPL, they didn't get to where they are today without some seriously deep pullbacks. I'm not saying we are Apple, I'm not saying we will be the next Apple, but our fundamentals are being overshadowed by a rogue seller.
From 1983-1985 AAPL lost 75% of their value.
From 1987-1988 AAPL lost 55% of their value.
In 1993 AAPL lost 65% of their value.
From 1995-1997 AAPL lost 75% of their value.
The tech bubble in 2000 cause apple to lose over 80% of their value.
The great recession in 2008 caused it to lose 60% of their value.
See that's penny stock mentality.
We can't expect management to spend their time comforting us shareholders. I'd rather they focus on the business, finding more distributors, expanding their reach, etc.
The numbers don't lie, they aren't diluting. At the end of the day, as long as the O/S stays unchanged, then the valuation metrics don't change.
We are trading at a sub 10x based on current annualized EPS.
This is a long term hold, they need to work their way to the NASD, that will get us the eyes. Keep generating the revenue, strengthen their bottom line, and continue generating cash flow is the most important right now. Share price will follow.
So just a thought, not 100% sure obviously but I will speculate...
I email the transfer agent for the KAVL share counts pretty often and I'm responded to within a few hours every time.
Last week I emailed the T/A asking if the company knew about the conversions from restricted to unrestricted, and if they approved the transaction, which they need to do per the SEC.
No response.
I followed up Monday asking for the share counts, and then again today. No response from the T/A.
There could be a couple reasons for the lack of response:
1) the company told them to stop sharing the information. But usually when that happens I get a reply from the T/A saying they can't divulge that information and I need to ask the company directly.
2) the T/A screwed up approving the conversion and internally have cut off all responses for KAVL information.
Or I could be way off and they just are too bogged down with other things to worry about responding about KAVL.
The problem is, whoever is selling, and I beleive it's mainly the old shareholders who have/had 6M, is they are doing it slowly. Put up a million share block. Let us chip away at it, heck there may be someone looking to pull the trigger on a $50k buy, but because no size is showing up, it just slowly goes down.
I am putting in some large bids in the .10 area just in case they decide to market sell.
I disagree.
Their purpose is to bring companies public not sit on shares of an illiquid shell for a few years and then sell if it hits it big.
Look at the other stocks, nearly no trading.
I told you what is going on.
The exact number of shares that 2 old officers had went from restricted to unrestricted in early September. Based on the MM activity, and the recent trends, it seems very clear that those shares are hitting the market.
I do agree that the company should figure out what the deal is and inform us whether or not it's legit.
Again, the short term price movement is based on short term supply. It's not an endless supply.
The O/S isn't growing daily/weekly. It will grow with commissions on a quarterly basis that aren't unrestricted until a year later.
We may go to .10. I won't say it won't happen. That would suck, and it would be depressing, but if there are still 3M or 4M shares out of the 6M that need to be sold, there is no telling where bottom/support is.
The positive again, and I'll keep repeating it because in OTC land this is unheard of:
The company has revenue/net profit/positive cash flow. If we annualize the last quarters results (since Q2 wasn't a full Q) we would be at around a .037 EPS. Right now we are trading at a 10x multiple. A 10x, for a growing company in a growing industry is crazy low. The S&P as a whole is trading at 28.5x.
A 28.5x on our EPS = $1.05 share price.
UCRP is before QSHI.
Regardless, those were just custodians. The custodians didn't have any shares, they just sold the shell for $325k after they cleaned it up.
https://content.edgar-online.com/ExternalLink/EDGAR/0001762239-19-000003.html?hash=e220e211cc0f9d885dddded67e245a54a81878668e9bd7b3a2c308de3acfbe89&dest=QSHI_SPA101_HTM#QSHI_SPA101_HTM
UCRP was the old symbol.
I've actually never seen anything like this before and I noticed no affiliation between anyone from the past with today's management.
Can you provide examples?
The one thing KAVL has going for it is the fact that we are generating revenue, generating a net profit, positive cash flow, etc. So there will be a price someone is willing to eat up all those shares.
Response from the company...
Will let you know as soon as we know exactly what happened with the float and actions taken if we can - or will release this information publicly
Yes we are all down lately with family and friends - and we consider all stockholders to be our family and friends
Please be patient with us as time will tell for KAVL's future - also can review our fundamentals and how we operate
Thank you for being a valued stockholder!
What I find very odd is, this type of move comes when the company is up to great things, then they release financials showing nothing.
We knew the company was doing the right things, canceling shares, increasing revenues, expanding to new markets, and the financials proved all that, and yet here we are, selling off as if we posted no revenue.
I think the only thing that makes sense is the individuals who received those 6M shares are slowly selling and cashing out.
Good for him. Can't blame people for selling.
For all we know this is the low, for all we know this is the high for the next month.
Yeah I hear ya.
I would hope at some point the company would look to buy shares on the open market. We have decent cash, and not only would it help stabilize the share price, but would also benefit the whole company fundamentally, especially if we're valued higher than the .40 we're at now.
I wouldn't worry about what that guy does haha.
But honestly, again, people need to stop freaking out. I know this sucks, I have bought more in the 60s, 50s and now 40s. It sucks, it reallllly sucks, but remember the following:
The company is generating revenues
They are generating net profits
They are expanding within the country and abroad
They reduced their O/S by 300M
They have only issued restricted shares
Fundamentally we're on pace to hit $110-$130M for 4 quarters.
Based on that revenue, we're trading at a forward P/E of 10x.
Find me another OTC stock that generates free cash flow, millions in revenue, millions in net profit and has anti-dilutive bonus structures in place. Oh, and they must be SEC compliant.
There has been no breakout, and now the ask below the last price.
What are you looking at?
I've said it before, these ex-officers, which I think have the shares don't have a cost average. They will sell until they are out and take their free money.
I've reached out to the company multiple times asking for any updates and haven't received a response. So not sure if they are doing anything about it, or if they really even care. I know their focus is long term, so we just have to either saddle up and go for the ride, or bail and move on.
That's why you don't buy on margin, stick to cash.
If the selling is by who we think it is, they really have no reason to keep it up at .50 or .40 or .30 etc. They will be out when they are out and then this will be thin again.
If they want to take it back down to a quarter, I will buy many more and just sit and hold.
I'm done watching the day to day though.
Looks like plenty of shares available. Usually pretty obvious when this crew shows up.