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Isn't it awesome that the exchange protects long when the stock craters more than 10% in 5 minutes?
The exchange could never be influenced by someone with deep pockets.
Never.
This convo?
Look, the guy used to make money on the other side of promos.
Now, he mostly posts about the big volume/big moving stocks.
Whose fault is it that big volume/big moving stocks go down?
You can go look at his IRP disclosure if you want.
Yes, he does run a room who may have a short bias. But, nothing you can change about him or other rooms that may do the same.
What if this stock explodes to $30 a share? Will you praise and follow him forever? I hope not.
If he was dirty, he would talk about a stock before it moved. He is just posting where more people will see his stuff.
You must have spent too much in OTC land.
Institutions are buying and selling, buying and selling to build a low cost position.
If there is good news, it runs and they have their position.
If it craps out, their position cost them relatively little.
Everything has risk, but when bigger money screws around, I like to have a seat at the table.
Dilution?
LOL.
Just admit you sold and you want a cheap buy price.
Big Players have accumulated and are taking this higher.
$0.21 appear to be the base for now.
Let's see if $0.22 can become a new base to move higher from.
R/S plan and eventual follow through to maintain $1+ is NASDAQ requirement.
The JV is sort of an incentive because the vote for R/S failed last time.
$1 on it's own is not very likely. But it seems this was worth more than $0.08 and perhaps it is still worth more than $0.20
Some people say $0.50 we shall see.
Very big volume either way.
To maintain NASDAQ listing they need a plan for an R/S.
Hypothetically, they could make the plan, but then the stock goes to $1 on it's own.
At that point, they could cancel the plan to R/S.
I am not saying it will do this. But it could.
A lot of the time, companies R/S right away because of funding needs.
This is a unique situation because the company has a new business opportunity that may be worth something valuable.
You don't understand.
They didn't have shares when the stock first popped.
They made it appear that the stock was garbage while they loaded up.
There was some retail shorting, but a lot of it was smart money who knew they didn't have to pay $0.22 and knew that a lot of people who bought in at $0.08 would sell when scared.
The shorts brought it down the first time this was in the $0.20s and it made sense.
There was obviously A LOT of holders who just wanted out.
I would say this held the $0.20s, because most (if not all) of the people who would sell did.
Big Money doesn't just hold it's nose and buy.
They will screw with the stock so they can get good entries (and exits). Look at the majority of stocks that go bankrupt, how many of them had a "sucker's run up" before the news is revealed?
When this stock was $0.08 Big Money had none.
So when the good news came, they decided to screw around to get a decent buy-in.
Looks ripe for a run now that big money has got in.
I believe some shorts think this will dip like before, but with most of the $0.08-0.10 holders gone, it won't be easy.
Everyone say "Hi, Big Money! Where do you want to go Big Money, you decide!"
Doesn't a merge out mean that NBDR is now an empty shell?
Shorts have cleared out their books.
They would like to thank those that bought over $0.20 and sold under $0.18
Anything during the last 10 minutes is just traders who don't want to hold over the weekend.
Cause all management will work for free and get no stock ownership for getting the company to success, right?
Can't really have a change and expect them to make miracles with little cash.
So, you would rather lose the NASDAQ listing?
In order to bid on government contracts, you need to go through a long vetting process.
As mentioned, the JV means they can bid now and not wait for some future date.
The JV probably needs to give EOR majority % in order to avoid 2 year vetting.
I think when people realize that EOR is more than 1 guy, confidence will build in the JV.
They are not doing an R/S for fun and games. It is to maintain NASDAQ listing.
The PR about EOR made it seem like a one-man show. It's not the biggest outfit in the world, but it appears to be more than one guy.
After doing a little bit of digging, the PR seems to have done a disservice to EOR.
It made it seem like a very small company (think 1 person) ....
But it seems that although it is not big, it does have a few things going on - far more than a one-man operation.
Shorts are trying to force your hand.
They shorted so much the first day, that they pretty much had to add when it was 50% higher.
Can you imagine the colorful language if the stock actually closed below the previous close?
I expect some news before September 8 that will convince people to vote for the merger.
If it happens, it may run quite a bit.
Seriously, the endless supply of $0.22 (and lower later in the day) seemed unusual.
More like predictable.
Wow, seems like someone has a endless supply of shares...
How did the stock dip?
Ridiculous question.
Sell air and then scoop when people bail.
Some guy wrote he had a rather big stop just below $0.20
MMs played it great.
Nice shake and bake (rise) happening.
Shorts still hoping for large orders to hit the bid.
Nice dip to see if any stops were around $1.30
Peek-a-boo action. Just like last week under $1.10
Looking for check mark action.
Dip to catch people using stops and then perhaps staying over $1.50
News moving the stock is in the intro.
Someone has been buying and I think the news may have something to do with it.
As always do your own due diligence.
Hello all, I placed the relevant news and it's possible affect on the book value in the iBox.
As mentioned, it's purpose is to give a quick idea on what may be moving the stock price.
I hope everyone can enjoy their weekend.
If anyone has some thoughts, speak up and maybe you will be heard.
Pretty quiet board.
Shorts dropped this on less than 20k volume.
Kind of sad that they couldn't cover as most have read the news and understand the revised book value is close to $3 per share.
Float getting locked up and new buyers looking at this $2.90 book value as fair.
Good Luck to the Shorts who didn't read and are only looking at charts.
$2.90 Adjusted Book Value per share.
Let's see if institutions want to make some relatively easy money.
GIDDY UP!
With the recent sale of a property, book value is close to $2.90/share.
Sale of property also provided cash to pay off near-term liabilities due.
Company is expected to announce government will be leasing property. Expected approval is by September 1, 2016.
Would not be surprised if someone put out an article that details these strong reasons to buy.
Big Volume today suggests someone is just catching wind of this.
I believe that there is plenty of new short interest who are hoping to cover in the $1.20s (or lower).
Personally, I am holding for more
Shorts playing with fire here.
Of course, it's usually a low volume stock,
The problem is getting sellers to gift them shares.
Might be an interesting afternoon if people understand what they own.
And if the shorts bring it lower, people like me will buy more.
Damn bro.
Stock is going nuts.
425,000 in volume now.
Wonder if a dividend or buyback is coming?
Expected to hear news regarding lease by government entity by September 1.
If anyone likes the post I made, you can say as such.
Currently 29,000 in volume and we have last trade at 1.25
Lots of information suggesting we are under valued (in my opinion).
Good volume and we held $1
Sadly some guy at the end couldn't sell his full order.
Guess we will play peek-a-boo with him tomorrow.
Pretty sure we dip tomorrow morning as someone hopes to catch the peek-a-boo guy.
Looking to hold $1.
I think this is trading as if debt was pushed off.
Would announcement of Lease and future dividend implementation kick this up to at least $2.00?
Anyways, I will buy more if they try to hit $1 stops.
Upcoming expected news:
From June 10, 2016 8-K
On June 6, 2016, subsidiaries of SunLink Health Systems, Inc. (“SunLink” or the “Company”) signed a definitive agreement with Piedmont Mountainside Hospital Inc. (‘Piedmont”) pursuant to which Piedmont has agreed to lease and operate the existing emergency department facility of North Georgia Medical Center.
Piedmont also has agreed to lease a nearby medical office building and adjacent facilities which house physician offices and related services. SunLink’s subsidiary, Southern Health Corporation of Ellijay, Inc. will continue to provide long-term care and skilled nursing care at its 100-bed Gilmer Nursing Home.
North Georgia Medical Center has provided the state of Georgia with a notice that it will suspend hospital services 30 days after the date of such notice.
The emergency department lease will commence after final approval and licensing by Georgia’s Department of Community Health (DCH). Such final approval and licensing is expected to be completed by September 1, 2016 and the emergency department is expected to re-open by November 1, 2016.
The lease of the medical office building will be effective July 1, 2016.
In December 2015, the Company entered into a non-binding letter of intent to lease the emergency department and medical office building at one of its North Georgia hospitals to a regional healthcare system.
The lease transaction is subject to a number of conditions precedent including regulatory approval and negotiation of definitive leases. If the contemplated transaction closes, the Company will discontinue in-patient acute care services at that hospital and will continue to operate its 100-bed skilled nursing facility which is located adjacent to the hospital.
If the lease transaction closes, the use of net proceeds from such transaction may include, among other things, a prepayment of long-term debt, a return of capital to shareholders via a repurchase of shares or a dividend, or other corporate purposes.
However, there can be no assurance any lease transaction will be completed or, if so, that there will be sufficient proceeds to return capital to shareholders or for future acquisitions and development.
From quarterly report:
Since fiscal 2012, our efforts have been more focused on the disposition of hospital facilities than on acquisitions due to the hospitals’ under performance, our financial position, and need to reduce our leverage and interest expense.
The Company expects to continue the disposition of its under-performing hospitals due to the changing nature of rural and exurban hospital markets resulting in, among other things, substantial additional competition, and pressure from Federal and state programs (e.g., Medicare and Medicaid) and private payors to reduce reimbursement for medical services.
Since June 30, 2012, we have sold three hospitals, one nursing home and one home health agency.
As a result of these sales, the Company received aggregate consideration of $24,370 and reduced its debt from $29,021 at June 30, 2012 to $11,444 at March 31, 2016.
Stock Price was depressed due to uncertainty of whether company could pay off debt due this year ($8.123 Million due).
The recent asset sale not only gives them enough to pay this debt off, it also brings question as to whether the book value of the company is low.
That is to say, the $2.94 calculated may be on the low end.
Quick Book Value Calculation before recent sale (as of March 31, 2016)
$20,759,000 (Total Equity) / 9,443,408 (Number of Shares outstanding)
= $2.19825 (so, about $2.20)
August 19 news
Chestatee Regional Sale
The company expects to recognize an after tax gain (utilizing available net operating loss carry-forwards) of approximately $7,000,000 on the transaction which closed on August 19, 2016.
I have done a little bit of digging.
I think a good part of why the stock dropped this year is because of a rather large debt amount that was needed to be repaid.
The sale means not only can they pay off that debt, but it also means that shares may still have substantial value.
After today's sale, I think that the book value of shares is close to $3/share.
That's why I still think there is room for price appreciation.
Also, the property sold had a substantial gain, so, it is possible that $3/share may be on the low end.
There is still a couple of properties that could be sold off for cash, and the company could be wind down with a substantial amount of cash to distribute.
The likelihood of this going to say $10 is unfortunately close to 0% (though it could), but I still think that $1.20 is still a decent entry point and could lead to plenty of gains.
Near-term debt is no longer a concern, so hopefully the market starts to price shares more appropriately.
Ultimately, I am happy for the opportunity. And hope to see gains in the near future.
You think it's toast?
I think it's going to go higher from here.
$1.19 right now.
Float is getting locked up.
Flush out the weak and bounce.
That's my take right now.
Interesting.
Seems to have found a bottom and is bouncing.
Amazing news.
What about shareholders who are sick of the possibility of their investment going to $0 and the debtholders taking everything?
What's the explanation for all the volume in August?
Could it be TOTAL/TEMASEK beating the stock down so they can just buy the whole of the company at a discount?