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Correction 33 million combined annually revenue. Market cap at 1 million. I hope to accumulate more before this goes up
Those .0025s were partially me. Hopefully I can load more later as well. 31 million company combined annual revenue and 1 million market cap. 30 bagger once this becomes noticed
But I have a feeling in 14 days this will be much higher and I assume they know this as well
MMS have a 14 day restriction to their naked shorting before they have to cover.
Is it just me or is this a 2-3 dollar stock if they receive the fda approval?
Assuming dilution when nearly 100 million shares where short on friday. Could just be MMs trying to keep it down as they have millions of naked shorting they need to cover
Gap closed
Those who are selling congrats on your gains. However you are missing the big picture.
2.8 million addition visits annually. Times 50 a visit equals 140,000,000 dollars. And these are just the additionally added PTs. Existing ones add to that number as well.
The news today proves this should be trading at pennies
Massive News at that!
News confirming what me and pink have been saying will happen
Up to 11 affected states. Not all stay at home but real close.
https://www.usatoday.com/story/news/nation/2020/03/21/coronavirus-lockdown-orders-shelter-place-stay-home-state-list/2891193001/
On February 12th 2020 after the reverse split the stock was trading around .12 cents a share just one month ago! This was before this telehealth craze due to the quarantines and people using the services now since restrictions are removed.
Wow amazing find! That is huge!
Predictions for tomorrow's open?
What is everyone's predictions for tomorrows open?
China has had the virus since November
Thats where you are wrong, this is not going to be gone in 3 weeks. China has had it since november 2019 and nearly 6 months later they are still combating it. Telehealth is here to stay and grow exceptionally fast. We have a golden opportunity here. Remember pot stocks whe. They rocketed.
This is the new craze. All sectors are red and falling fast yet telehealth is going to grow fast and all the investors out there are looking to jump in to get in early.
Agreed seems we have alot of people hoping to scared people into selling too. I suspect that will ramp up tomorrow as well. Let them chase and get left in the dust.
There is not 20 billion outstanding shares. This guy smh
Market makers actually do signal 911 and 777 when they are short and having trouble covering. Makes sense as well since the short volume Friday totaled 97.77 million shares. She squeezin on top of all this craze.
There was a 1-50 reverse split on 2-12-2020.
Might see a little bounce but yeah I think so too. Meanwhile telehealth is going to be good for investors
That is to help stop the spread of the virus.
Massive industry change
Before they were limited to their state. Now they can go anywhere in the us, ALL STATES
watch for those dips they seem to be disappearing faster and faster these days.
I agree that kind of volume and MMs shorted alot of shares and the price increased. Also we all seen those 911 and 777 trades. Same thing that happened to PCTL when it went from .01 to .09.
Couldnt agree more makes sense why so many want to scare others into selling haha
That is correct
Next Week Is Going To Be Epic
I like the sides to both stories as it helps discussion and helps investors see both sides of the story. It also proves that a lot of people have not had their bids fill which means there are a ton of eyes on this hoping for that entry. There is surely a lot of buzz in telehealth at the moment and a lot of buzz on EWLL and for good reasons. Next week is going to be epic.
Oh you mean the 2018 article thats old news?
I seen that too. That was the year the ceo sold his 9 physical therapy locations and got into Telehealth. Soo i suppose they were not mentioned in that article as that article is 3 years old and was made when the company was just starting out.
https://www.beckershospitalreview.com/lists/250-telehealth-companies-to-know-2018.html
Right? Very bullish anyone can see that.
Government removing restrictions on Telehealth Services, Thats Why
Because telehealth was crippled before due to government restrictions and all that has been removed and telehealth services can use medicade now. Times have changed
If the buyout happens due to the preferred shares being purchased 3.00 a share is where it would eventually go is the warrants are exercised at 3.00 a share for a common share.
Actually a buyout could be correct see below
So if one rich investor decided he wanted to buy the preferred shares he could become the majority owner of the company. Also known as a buyout. Just a possibility but that would give the company the 50 million they need to cancel toxic debt and provide capital to boost revenues.
https://finance.yahoo.com/news/ewellness-announces-2020-revenue-forecast-140010697.html
Could be! that would be massive with the current telehealth frenzy occuring right now!
Possible funding options to remove toxic debt
Good point but when they get to that point and if the preferred shares are sold as anticipated then you will see this climb super fast as the preferred shares offer warrants to purchase shares at 3.00 a share totalling 10 million shares equaling 30 million dollars for the company. Also the preferred shares would provide 50 million in capital to remove toxic debt as well as fund future revenue growth. That could bring this to a 80 million market cap immediately if that occurs or see a large spike in volume as people collect shares until it gets there.
The other avenue that could happen is the government putting part of the 8 billion+ they have set aside torward telehealth companies to help expand telehealth and telerehab immediately as trump has been preaching to use these services and he knows they have been crippled due to regulations that have just been lifted with the recent bill. I would think this would be a more realistic outcome and if this does occur it would be sudden. We would get a news release one day stating the funding has occured and the stock would most likely skyrocket fast on news like this. Trump has been preaching telehealth services for weeks for a reason.
Going to be alot of people chasing this when it starts hitting pennies
Seems a lot of people are excited for Monday :D
good point so a dividend is still a possibility
Exactly