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Companies really need to be careful about who they get financing from and the hedging activities these companies do to safeguard their funds.
Naked shorts don't show up on the SHO list.
Th question needs to be if the third party gave 1 million shares restricted away to EDS,how many shares did this third party receive from the company?
Why did they give shares to this third party and for what reason.?
Curiouser and curiouser. Now i am not wondering why the stock price has been hit. I'am sure there are ways to sell restricted stock.
11) What does medicredit the joint venture partner bring to GSI as far as revenues.
Stoc,the following is some of the questions i would like to get answered. Thanks for doing this.
1) Do you still have a funding line thru Silar,if so how much are they willing to finance.
2) Who are the people you are getting the $5 million independent financing from and why do you need them if Silar is ready to be your partner in the hospital receivable market? If you can't name them,why not?
3) How big a back log in revenue terms is the current (1) No-Fault Medical Insurance; (2) Insured Medical Receivables, including HMOs, commercial, Medicare, Medicaid, and managed care; and (3) payment by patients.
4) Are you certain to get financing for the backlog after this first $100 million pass thru contract you are about to complete. What is the time frame for the completion? Who is the major beneficiary of this pass thru contract,is it Silar?
5) What exact positions are you recruiting for?
6) In a previous PR on the 5th of Nov 2007 you told us that you had received your first no fault medical insurance contract,have you been able to finance this 5 million receivable contract or is it considered part of the backlog.
7) How exactly will the recent financing program you mention in todays PR help you to reduce the cost of purchasing future receivables.
8) Have you developed propriety software to analyse the profitability of the receivable contracts you are looking at?
If so is this software patented?
9) Are you in the process of getting AA or AAA ratings for these receivable contracts so that they can be purchased by other instituitions. Do you have to undertake the responsiblity to get these contracts rated by the rating agencies such as Moody's or Fitch or is this part of the process conducted by your initial financing Partner?
Please provide more details on the process.
10) How soon will your past financials be available?
Can people post the questions to be asked so that we all have a clear idea where the interview is going. I will post my questions later on today,still formulating them in my mind.
Hopefully the balance sheet will show the part that GSI made.
Well things do sound more hopeful. Lets hope the deal is finalised this month.
Thanks Jersey.
Sorry for the ignorance,what exactly is a pass-through deal.
Who is providing the money for the pass-through?
So everything hinges on getting the initial $100 million dollar financing completed.
So what do they need to do to get this initial financing to take place.
Is there a set of hurdles that GSI needs to complete before they get this financing.
Who are they dealing with to get this financing and what is the chances of them getting the money?
Has Gunter commented to you on the chances of them getting the initial financing.
Sorry to hound you jersey,but this seems to be the major piece of the puzzle and if the answers are provided then all of us will be comforted and be willing to wait without despair
Ultra there is plenty of money looking for safe havens.
Exactly how will it reduce the cost of borrowing,jersey. Could you explain the mechanism that enables this to happen please.
Do you know if i would need a license. Since its Gunter i will do it for 500,000 restricted shares and $2000 a month. I should be able to get a website up for that and buy a list of subprime mortgage holders from one of the failing banks. I could sell GSI as an agressive buy to solve all there worries.
Who needs waterboarding when there a sucker born every minute.
Literally anybody on this board could have conducted a better interview then Eric-David. I think i'am going to start an investor Newsletter myself.
Again more ambiguities from our beloved GSI,snow. One would expect that the $100 million would be for a hospital deal that has supposedly been close to signing for the last 6 months.
Then there has been talk of a smaller financing from a would be interested party for a joint venture i presume.
Obviously this Eric David promoter hasn't a clue to what questions to ask and has no idea how to promote this company.
Of course one has to give Eric David some leeway since he really hasn't been given anything substantial from the company to promote in the first place.
I can' say i'am not a very happy camper at the moment. Par for the course on the pinks you never get straight answers.
£100 million dollar financing would be exceptional for a pink,but words are cheap.
Unfortunantly everything is pending with this company. Lets see if they get the finances.i'am not holding my breath.
$100 million is a lot more then i initially thought though.
What is the financing deal all about. There costs to run the operation are minimal so why do they need a financing package?
I think you mentioned that it would reduce costs for financing needs later.
What does this mean?
As far as i understood the business plan they are effectively acting as a broker,like in the mortgage industry.
They find the clients and do the vetting then they seek a bank or fund such as Silar to provide the funds and they take a commission for the deal with some perfomance related bonuses.
The only reason i can think of the need for financing would be if they are going to provide the financing themselves for the smaller deals involving Medicredit. Of course these smaller deals are going to be larger then Medicredit currently provides.
Is this the case for the financing?
These contracts would then used as assets to obtain more financing for other similar contracts.
These CDO (collateral debt obligations) instruments could then be sold to hedge and pension funds.
Unlike the CDO in the residential housing these instruments would REALLY be AA or triple AAA rated. No subprime risks here.
Of course they would need an insurer for these instruments but if they have the above rating that would be no problem.
Is this the current plan regarding the financing?
It would explain the need to move out of the pinks and be fully reporting,i cant see Fitch giving a AA rating to an instrument vetted from a company on the pinks.
Thanks for the reply Jersey. Any idea who they working with to get the financing done. Someone said Silar were no longer part of the set up,do you know if this is true.
Thanks penny. I will send him an email also if you don't get a reply. I'am all for having one conduit to Gunter. This stops the bombardment of emails and telephone calls.
I hope you asked some of those hard questions.
I think Jersey has already told us not to expect to much during those years,penny. To tell you the truth i don't care if they made zero revenues during that time period.
I want to know if the company expects to make any revenue this year and approx how much.
The best companies always give some sort of guidance. Here's Jersey using that development company phrase again.
Now the company hired a PR firm to tell us what again?
Many will think i'am being negative about the company but this is not the case,i want the company to succeed but i also want the company to be honest with us.
Here is Jersey with a great relationship with the CEO but he doesn't ask the hard questions either.
I commend him for cultivating the relationship but please use it to get the hard questions answered.
Of course if he knows and doesn't want to share,then thats his perogative but please let us know this is the case and hopefully we can find someone who will ask the hard questions and inform us of the answers.
Maybe the question for today to Gunter is what he expects for revenues for 2008,best and worst case would be good enough.
Come on Gunter throw us a bone. Do you expect any revenues this year and approx. how much. It would only be a guidance figure, is that to much to ask?
All right Jersey,what do know,come clean. Enough of the hints that we will be happy soon. Give us some real data if you know something.
Thats probably the part of the business plan that might jump start this company. However i would imagine the risks are higher because you would be dealing with Joe Public.
Good point. However i am pretty sure the skull and crossbones will be removed as some point.
As to the other point,even microsoft had to start somewhere.
Of course if they do get the big one done :-
. "Our business model covers asset- backed funding opportunities. Presently we are engaged by two significant sized medical providers to determine the collectability of medical services rendered to patients. The combined engagement has a gross value of greater than $240-million. This evaluation is being completed and I will keep you informed regarding the outcome for contracting."
Then we would be trading above a dollar in a heartbeat.
There lies the frustration...... We don't know if its in there means to close the contract.
" This No-Fault Medical Claims Division emanates from various insurance groups authorized by each of the States predetermined protocol. We have received our first order for this group amounting to approximately $5-million."
If the that order was executed then the stock would be worth around 3 cents.
If they could get 3 of them done this year,your looking at 10 cents for the stock.
Could be an area they should concentrate on rather then go for the big enchilada. Fifty to one hundrend of these type of contracts then we are looking at a stock worth around a dollar.
Probably more like 340 million in receivables with 3% going to the top line giving around 10 million in income.
With an earnings per share of 10 cents and with 8% growth per year a P/E of 20 the stock would probably be worth $2.00.
Of course we have yet to see one large scale receivable contract come in.
As i thought the hard questions were not asked because the interviewer did not have enough knowledge of the business as many of us have learn't about over the months we have waited.
Money makes the business go round,where will they get the funding to fund the initial receivable contracts.
If they had this source i'am sure they would have closed a contract by now.
The interview was not worth the money GSI is paying this guy to promote the company. As in the lyrics of that immortal song......
Words! Words! I'm so sick of words!
I get words all day through;
First from him, now from you! Is that all you blighters can do?
Penny you can have my shares for 4.5 cents each today if you like. I really do have better places to put my money. I think i've given this stock more then ample time to show something,obviously you disagree.
I don't sell and go right now because i think i can get my investment back. I hope so anyway.
Like ULTRA this is my last pink sheet stock and you will never hear me whine again.
I've been over here for over 6 months and i've paid the MMs for the priveledge of bending over,lol.
Well he has to look like he's doing something for those million shares and what was it $5000 a month.
I quite envy him actually,money for old rope.
What use is an interview if you don't ask the correct questions. He being paid to promote,maybe he won't ask the hard questions or he doesn't have sufficient knowledge of the company to know what the hard questions are.
In this credit crunch market,i hope your right walker. However thats the first question i would put to Gunter.
The next is i would want to see some sort of proof they have the backing.
I then would ask him why these deals are taking so long if they have the backing and they have some hospitals that are interested in this type of financing.
Stormy,my advise is don't buy until they complete a contract. Yes you might miss an initial runup if the news is good but you will know if the company can execute their business plan.
Without Silar backing them i cant really see how they will get that first deal done ,now.
Save yourself the frustration,wait,no matter how much you like the business plan. Thats all their is at this stage.
This stock has become a major disappointment.
I sure wish they would go ahead and PR something this waiting for the great man to speak is getting tiresome.
If they are having problems with the closing of deals it would be nice to hear what type of problems they are coming up against. I understand they are in the progress of developing their company and as a shareholder i would really like to be informed with what is actually going on.
I shouldn't have to get my news second hand from a message board.
Like i said before,why hire a PR firm when you have nothing to PR. Yes i know we are expecting some financials and the skull and bones to be removed off the symbol on pinksheets.
Where g = the grains of sand since elapsed time of the constant p,where is p is the amount of pain felt by fellow investors. p has a range of 0-infinity.
2C,can Valentin answer any of the questions you have asked. Is he still a Director of the company or just a shareholder.
With all your dealings in this company surely you know somebody who can answer these questions.
Is there not one terminal in Russia we can talk to.
Will Dovgan talk to you.
2C has a point. These questions need to be answered.
1)Proof of gold. Which placer deposit did the gold come from including license number.
2)Which entity name the gold registered under.
3)What happened to the Zaibaikalgeoprom assets. If these were sold what did Aurus recieve for them.
4)Proof of ownership of a production plant.
5)Who are the majoriety shareholders of Aurus.
6) Who currently runs the day to day operations of the company.
Will there be any earnings for the 2007-2008 period,and if so ,what sort of earnings are we talking about? Will the financials delay the issuance of any other news?
Thanks jersey. To be honest i can wait for a long time after that first deal is done. I just need confirmation that they have the ability to get that first big deal done. It then proves that their business plan works and is not floating around at the good concept stage.