Work 24/7. Sleep when you die!
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.
Hey qtcal and STT staff. SLMU has been moving up recently. The party might be over pretty soon.
Overall, the entire penny market has shifted into a whole new direction in my opinion.
It was obvious.
Leslie lost a big chunk of dough on this call.
Ouch. Glad I flipped yesterday.
Up 2,600% now.
Thank you.
NHSH is on my tab as well. Chart is accumulating very nicely.
Great calls mick! MJNA and CBIS have been smokin hot lately.
MJNA up nearly 120%
CBIS was up 57%
RTGV up 53%
EVGI was up nearly 40%
www.tinyurl.com/DITRStocks
@DITRStocks
Great close on MJNA over 100%!
Spotted this one at the bell :)
Nice bounce indeed!
MJNA up nearly 50%
CBIS was also up nearly 50%
ALIM up nearly 70%
RTGV up 25%
EVGI up nearly 40%
*yawn*
Nice!
ADLI - AMERICAN MEDICAL TECH
GORDIAN MEDICAL, INC. dba
AMERICAN MEDICAL TECHNOLGIES
Gordian Medical, Inc. dba American Medical Technologies (AMT)
Chapter 11 Fact Sheet
Date Filed:
February 24, 2012
Where:
U.S. Bankruptcy Court for the Central District of California in Santa Ana
Entity Filed:
Gordian Medical, Inc. dba American Medical Technologies
Bankruptcy Case No.:
8:12-bk-12339
Judge:
Mark Wallace
Debtors’ Headquarters:
Gordian Medical, Inc. dba American Medical Technologies
17595 Cartwright Road
Irvine, CA 92614
Tel: 800-232-9266
Company Officers:
Gerald Del Signore
President and Chief Executive Officer
Debtors’ Counsel:
Pachulski Stang Ziehl & Jones LLP
10100 Santa Monica Blvd, 13th Fl
Los Angeles, CA 90067
Tel: (310) 277-6910
Samuel R. Maizel, Esq.
Tel: (310) 772-2306
Email: smaizel@psjzlaw.com
Mary D. Lane, Esq.
Tel: (310) 772-2392
Email: mlane@pszjlaw.com
Scotta McFarland, Esq.
Tel: (310) 772-2307
Email: smcfarland@pszjlaw.com
Financial Advisor:
GlassRatner Advisory & Capital Group, LLC
19800 MacArthur Blvd., Suite 820
Irvine, CA 92612
Tel: (949) 862-1595
J. Michael Issa
Tel: (949) 862-1595
Email: missa@glassratner.com
Kerry Krisher
Tel: (949) 429-429-4252
Email: kkrisher@glassratner.com
Media Contacts:
The Abernathy McGregor Group, Inc.
707 Wilshire Blvd., Suite 3950
Los Angeles, CA 90017
Tel: 213-630-6550
Fax: 213-489-3443
Rivian Bell
Cell: 310-463-9229
Pager (24/7): 888-477-4319
Email: rlb@abmac.com
Sydney Isaacs
Tel: 832-459-8720
Email: sri@abmac.com
Gordian Medical, Inc. Voluntarily Files Under Chapter 11 to Stabilize Finances
While Medicare Dispute Is Resolved
Company to Continue Wound Care Services Without Interruption
IRVINE, Calif. – Feb. 24, 2012 – Gordian Medical, Inc. dba American Medical Technologies (AMT), today filed its voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code in the Central District of California in Santa Ana. A leading wound care specialist operating in 49 states, AMT filed its petition as the most effective means of stabilizing its finances as it resolves a recent guidelines dispute with Medicare, which the company believes is improperly withholding its payments.
According to Gerald Del Signore, president and CEO, “AMT has performed well for years and maintained healthy operating momentum and consistent sales growth despite a sluggish economy. Our business is strong, and we are proud of our record of care. Each month we provide the supplies and educational services necessary to treat more than 14,000 patients with serious wounds throughout the United States. These patients, most of whom are elderly, non-ambulatory, and confined to hospice or long term care facilities, are among the most frail and medically complex participants in the Medicare system. These patients have paid for Medicare coverage, and like anyone covered by health insurance, they’re entitled to receive the benefits for which they’ve paid.
“Nevertheless, Medicare has withheld payment for these patients’ benefits in a manner that is at odds with the agency’s own guidance and inconsistent with the way it has paid claims for years. We dispute Medicare’s right to handle payment issues in this manner, and if Medicare persists, we are going to ask the Court for relief. There is significant case law and regulatory authority to support our position, and we look forward to reaching a positive conclusion.
“Today’s Chapter 11 filing will allow us to continue operating without interruption while we resolve these issues as expeditiously as possible. The automatic stay that went into effect with the filing of the petition will allow our existing funds to support our operations during this time. We pledge to continue providing the same high level of service that has distinguished our organization to date.”
AMT provides dressings to patients with various wound types, including those with gastrostomy tube sites whose wounds have developed complications. For years, AMT has provided such dressings in reliance on Medicare guidelines which state that “Dressings over a percutaneous catheter or tube … are covered as long as the catheter or tube remains in place and after removal until the wound heals.” Notwithstanding this unambiguous language, Medicare now refuses to pay AMT’s claims for dressings supplied to treat complications at G tube sites. Moreover, although dressings to compromised G tube sites constitute less than 40 percent of AMT’s business, Medicare has suspended 100 percent of AMT’s payments.
AMT’s dispute with Medicare is based on conflicting interpretations of the agency’s own guidelines. AMT has not been accused of fraud, it is not in legal trouble, and it is not on any list of “excluded entities.”
The company is submitting its motions to the Court to maintain business in the ordinary course, including employee compensation and benefits, which is commonplace in such cases. The company’s vendors will be paid in the ordinary course going forward, and management is optimistic it will be able to satisfy pre-petition claims fully when the case is completed.
AMT is being advised by Pachulski Stang Ziehl & Jones LLP as legal counsel and GlassRatner Advisory & Capital Group LLC as financial advisor.
For additional information about the filing, please visit www.gordianmedical.com.
About Gordian Medical, Inc. dba American Medical Technologies
Headquartered in Irvine, Calif., Gordian Medical, Inc. doing business as American Medical Technologies, is a leading independent provider of wound care management solutions. A privately held corporation, AMT offers wound care supplies and education primarily to long-term care nursing facilities and hospices and helps treat serious wounds in more than 14,000 patients per month. The company is licensed, bonded, and accredited in all subject areas and is compliant with current Centers for Medicare & Medicaid Services (“CMS”) standards. AMT employs approximately 394 people of whom 224 are nurses and physical therapists who qualify as “Certified Wound Specialists” or the equivalent.
ADLI - AMERICAN MEDICAL TECH
GORDIAN MEDICAL, INC. dba
AMERICAN MEDICAL TECHNOLGIES
Gordian Medical, Inc. dba American Medical Technologies (AMT)
Chapter 11 Fact Sheet
Date Filed:
February 24, 2012
Where:
U.S. Bankruptcy Court for the Central District of California in Santa Ana
Entity Filed:
Gordian Medical, Inc. dba American Medical Technologies
Bankruptcy Case No.:
8:12-bk-12339
Judge:
Mark Wallace
Debtors’ Headquarters:
Gordian Medical, Inc. dba American Medical Technologies
17595 Cartwright Road
Irvine, CA 92614
Tel: 800-232-9266
Company Officers:
Gerald Del Signore
President and Chief Executive Officer
Debtors’ Counsel:
Pachulski Stang Ziehl & Jones LLP
10100 Santa Monica Blvd, 13th Fl
Los Angeles, CA 90067
Tel: (310) 277-6910
Samuel R. Maizel, Esq.
Tel: (310) 772-2306
Email: smaizel@psjzlaw.com
Mary D. Lane, Esq.
Tel: (310) 772-2392
Email: mlane@pszjlaw.com
Scotta McFarland, Esq.
Tel: (310) 772-2307
Email: smcfarland@pszjlaw.com
Financial Advisor:
GlassRatner Advisory & Capital Group, LLC
19800 MacArthur Blvd., Suite 820
Irvine, CA 92612
Tel: (949) 862-1595
J. Michael Issa
Tel: (949) 862-1595
Email: missa@glassratner.com
Kerry Krisher
Tel: (949) 429-429-4252
Email: kkrisher@glassratner.com
Media Contacts:
The Abernathy McGregor Group, Inc.
707 Wilshire Blvd., Suite 3950
Los Angeles, CA 90017
Tel: 213-630-6550
Fax: 213-489-3443
Rivian Bell
Cell: 310-463-9229
Pager (24/7): 888-477-4319
Email: rlb@abmac.com
Sydney Isaacs
Tel: 832-459-8720
Email: sri@abmac.com
Gordian Medical, Inc. Voluntarily Files Under Chapter 11 to Stabilize Finances
While Medicare Dispute Is Resolved
Company to Continue Wound Care Services Without Interruption
IRVINE, Calif. – Feb. 24, 2012 – Gordian Medical, Inc. dba American Medical Technologies (AMT), today filed its voluntary petition for protection under Chapter 11 of the U.S. Bankruptcy Code in the Central District of California in Santa Ana. A leading wound care specialist operating in 49 states, AMT filed its petition as the most effective means of stabilizing its finances as it resolves a recent guidelines dispute with Medicare, which the company believes is improperly withholding its payments.
According to Gerald Del Signore, president and CEO, “AMT has performed well for years and maintained healthy operating momentum and consistent sales growth despite a sluggish economy. Our business is strong, and we are proud of our record of care. Each month we provide the supplies and educational services necessary to treat more than 14,000 patients with serious wounds throughout the United States. These patients, most of whom are elderly, non-ambulatory, and confined to hospice or long term care facilities, are among the most frail and medically complex participants in the Medicare system. These patients have paid for Medicare coverage, and like anyone covered by health insurance, they’re entitled to receive the benefits for which they’ve paid.
“Nevertheless, Medicare has withheld payment for these patients’ benefits in a manner that is at odds with the agency’s own guidance and inconsistent with the way it has paid claims for years. We dispute Medicare’s right to handle payment issues in this manner, and if Medicare persists, we are going to ask the Court for relief. There is significant case law and regulatory authority to support our position, and we look forward to reaching a positive conclusion.
“Today’s Chapter 11 filing will allow us to continue operating without interruption while we resolve these issues as expeditiously as possible. The automatic stay that went into effect with the filing of the petition will allow our existing funds to support our operations during this time. We pledge to continue providing the same high level of service that has distinguished our organization to date.”
AMT provides dressings to patients with various wound types, including those with gastrostomy tube sites whose wounds have developed complications. For years, AMT has provided such dressings in reliance on Medicare guidelines which state that “Dressings over a percutaneous catheter or tube … are covered as long as the catheter or tube remains in place and after removal until the wound heals.” Notwithstanding this unambiguous language, Medicare now refuses to pay AMT’s claims for dressings supplied to treat complications at G tube sites. Moreover, although dressings to compromised G tube sites constitute less than 40 percent of AMT’s business, Medicare has suspended 100 percent of AMT’s payments.
AMT’s dispute with Medicare is based on conflicting interpretations of the agency’s own guidelines. AMT has not been accused of fraud, it is not in legal trouble, and it is not on any list of “excluded entities.”
The company is submitting its motions to the Court to maintain business in the ordinary course, including employee compensation and benefits, which is commonplace in such cases. The company’s vendors will be paid in the ordinary course going forward, and management is optimistic it will be able to satisfy pre-petition claims fully when the case is completed.
AMT is being advised by Pachulski Stang Ziehl & Jones LLP as legal counsel and GlassRatner Advisory & Capital Group LLC as financial advisor.
For additional information about the filing, please visit www.gordianmedical.com.
About Gordian Medical, Inc. dba American Medical Technologies
Headquartered in Irvine, Calif., Gordian Medical, Inc. doing business as American Medical Technologies, is a leading independent provider of wound care management solutions. A privately held corporation, AMT offers wound care supplies and education primarily to long-term care nursing facilities and hospices and helps treat serious wounds in more than 14,000 patients per month. The company is licensed, bonded, and accredited in all subject areas and is compliant with current Centers for Medicare & Medicaid Services (“CMS”) standards. AMT employs approximately 394 people of whom 224 are nurses and physical therapists who qualify as “Certified Wound Specialists” or the equivalent.
Nice call on AOGN!
~ @DITRStocks
I got an eye on CWET as well.
Keep an eye on CWET today ;)
I believe so too or else they wouldn't have changed their original date of announcement.
APS just said they mentioned this stock by mistake and that their new pick will be coming out on the 2nd week of March instead of March 1st. Looks like someone got fired lol. This play is ruined.
I don't see any progress financially. The sudden shift might have been necessary in order for the company to survive. Today's news is pretty much a new beginning for OBJE.
GDSM is up 490% since it was mentioned on DITR ~ Diamonds In The Rough.
Disclaimer and Release of Liability PennyStockCircle is owned and operated by Global Marketing Media LLC. Global Marketing Media LLC has been compensated up to twenty five thousand dollars for the promotion of NYXO by DGM Bank Trust, Inc. Global Marketing Media LLC has not investigated the background of DGM Bank Trust, Inc., the hiring company.
Read more: http://stockreads.com/Stock-Newsletter.aspx?id=56548#ixzz1nBPSZYSZ
Nice moves here.
ACNIQ is up over 5,000% today
Hey thanks! I hope you're watching some of those stocks from the list. I got your PM. I'm watching!
This is bear territory now.
WATCH LIST
ABOT
SNET
SWRF
SRGL
THWI
CBIS
CNAM
PWAV
STEM
PLSB
PSRU
GOHG
NRTLQ
CCWF
WKLI
POWN
DKGR
HPGS
HBRM
I never thought I would mention these stocks but FNMA and FMCC have been surging up lately.
It just depends on how big of a risk you are willing to take.
I can't wait! This will be amazing.
Well that's good. You still secured your profits. Good luck bud.
It's actually easy. I'm one of those traders but I don't put myself on blast.
Here's some rules to abide by:
1. Eliminate greed completely. Greed can eliminate your initial investment.
2. Listen to yourself. Trading is 30% hard data, 20% speculation and 50% decision engineering. Basically, don't play with your emotions, play smart. Be sure to know what you're buying. Enable yourself to think clearly. Ask questions and find answers.
3. Set rules/goals for yourself. Plan on how much you're willing to lose and protect your profits as soon as possible. Anything over $100-$300 is good enough in my opinion. $500+ is definitely greater, but riskier to achieve.
4. Don't picture the future line of a chart. Period. As the saying goes, "bulls make money, bears make money, but pigs get slaughtered." You can't predict anything even if you think you're good at predicting future prices.
5. Know how market makers work. Don't fall into their traps. Their traps work when you're greedy, fearful, and emotional.
6. Study why the stock is moving in its current direction then apply your knowledge. If a chart is up-trending, don't assume a down trend isn't possible. Know what can cause the price to increase in order to profit from it. Buying/selling pressure is one factor.
7. Buy low, sell high.
On a side note, ATRN might go up tomorrow morning. If it down trends below .14 then that could be bad.
There ya go. I agree.
It seems as if the MMs are trying to gap the stock.