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I think they also got a lump sum up front (smallish amount) and then yes it is $300,000 / $600 over 5 years (expected revenue or perhaps it is guaranteed after seeing your statement).
Just stay alive and get up soon and I'll be a happy camper :)
I agree, but just for clarification's sake :P
Also means your profit margin doesn't get to "increase". But yes, very very ideal in their current situation to simply RECEIVE revenue going forward for maintaining what they already have / must contniue to maintain :)
To be clear...it's a partnered clinic. I.e. I think the licensing deal. On the plus side, that means they are NOT on the hook for losses, etc. and get a guaranteed $600 / prescription.
Money with no additional work from what they've already done...although they want tos upport them to get them successful and bringing in money :)
YAY!! I can't tell you how happy I am that they finally opened another one!
Not stagnant, split fixed costs, and increased revenue...HOORAY!
Agreed. I check the boards every day, but quit with the posting and speculation. They're growing...just give it time. It'll be alive again at some point :)
They don't need a symbol change...they need revenues and a better profit margin :)
As they prove themselves in the real market and demand grows, so will their revenues and margin.
And then multiple points of revenue and assets and it will become a viable business.
Back in November at some point I said it would PROBABLY be a 3-5 year thing to $4...i think that still holds, but it will all vary so so much depending on how they do as a business and when they can get expansions and how they do at negotiations with the insurance companies.
But I don't think any of you will go anywhere before that anyways...you can cash out now and lose money or make next to nothing or you can make 100x in a couple of years. Few stocks will ever offer that :P
I still think it is the right decision, but I wish I had invested elsewhere till now and just bought in now. I would have had MORE money AND had a cheaper share price LOL!
I suppose if it took off prior to that then I would have missed the boat though...
And as a bottom line...go watch Shark Tank. No profit is a tough sell. But I think some would buy in now...but for huge stakes at a bargain price of a few hundred thousand :P
Just have to keep chugging along. The #s weren't glowing this time around, but maybe they will this quarter. My original prediction was mid 3rd quarter (2nd Q results). I do agree it looks more like a year now, but at least the company is holding and growing and that is all I can ask for for now. Helps me sleep at night anyways :)
Just remembered...they have that 80k+ debt they're repaying each month for the next 5 months or so...
Hey they more than doubled revenue :)
AND they filed on time!
But, can someone tell me selling, general admin went up 25%?
Due on 15th, right? So, should see it on the 16th I imagine...
Or am I wrong on the due date?
Yikes I just read that lol. That's crazy and I just don't have the patience for this sht :)
I don't really see how it was insulting. It got to the point and volunteered no additional information.
They didn't specify the date, but that could simply be that he/she is not the accounting person and doesn't want to go out of scope for his/her job.
Plus, if they miss it or have a different interpretation of timely then they aren't in trouble either. Could be that with a proper extension filed you are considered timely.
Give it time...they were only -$19K for operations 1st quarter. If they have just a tiny bit of growth, then they will easily crack the operational profit (even if they still have a net loss).
BUT an operational profit means they are bringing in more cash than their expenditures. So, they can stay afloat indefinitely as long as nothing bad happens (law suits, excess fees, unseen contract expenses, sudden drop in patient load, etc.).
At an operational profit we will probably see $.05-$.10+
And then hopefully the 3rd quarter results (which i've been saying are they key since November of last year) is our first LIKELY juncture where we will see a net profit (actual full fledged profit for the business). At THAT point it should inflate to it's book value, but with all the debt that keeps shrinking...so probably $.25 :P
Then after a quarter or two of stability and consistent growth you have a trend that you can actually map out. At THAT point we will crack the $1 mark...
The $1 mark could come with a net profit and may not need multiple quarters if things are considered stable and they catch enough attention.
You also have to remember there are 125M shares and potentially 200M shares outstanding. If they got to $1 and then released all shares, that would dilute it all the way down to the $.50-$60 mark.
Apple I believe trades at 40x revenue...so does Google. For this type of company I think 20x is the most we could hope for (since they are small aggressive growth could be assumed where normal market is giving only about 10x revenue). So, to be worth $1 in the long run they have to have at LEAST $10m in revenue ($10M x 20 = $200M / 200m outstanding shares = $1).
They're on track to make over $1M this year and potentially $4M which is what they speculated 2012 would bring. You have to triple that to get past the $1 mark (realistically).
STAY CALM, give it time, operational profit is a huge deal...we should see that next quarter and I do expect timely filings this time around (I really do).
At no point is it just going to edge over $.03 in my opinion...it is going to fly right by it or it is going to stay below that resistance level.
I think we'll see a really big jump to the $.10s-.20s if they wind up profitable; even if just operationally.
Guess all we can do now is wait :)
Are we expecting a timely filing this time around or?
Lot of "ifs" in that...
I'm trying not to pay attention to it. I figure when it gets to the point that others hear about it, then news will catch my eyes and it'll mean there is something REAL happening.
No sense in checking in every day at this point. Only disappoints me...
The billable charge to the insurance company is $44,000...they are getting somewhere in the 15-22k range is my understanding. I think cash people get a discount so probably in the range of 15-20 patients?
Which would be about right since they said they saw about 1-3 per week in a report back in the early part of the year
And they are only recording 50% of what they charge to insurance companies to account for write-offs...and they may or may not still be doing some pro bono work. Accounts receivable growth + cash balance differential is what you should be looking at for "total revenue" though...
I'm sure that will better fit the total patients they were claiming to see (let's assume 2 per week for the quarter so 24 patients)
Cancelled them? As in just pulled them off the market?
I imagine that is their way of paying for newcomers...that and so much cheaper! 27 million x .7 vs. 27 million x .02 lol!
That is right, but they also have some payments in the 30,000-80,000 range that they have to make each month starting in May till August...
I'm cautiously optimistic. Just don't want to sht my pants again :)
The cash position was very weak for CEYY based on the 10Q.
Hopefully it shows a better result in the upcoming one...
It's an eventuality if they do well :)
I don't want to be a downer, but if you remember they just missed a filing and still haven't filed it in fact.
There is no solid proof that they will file till we actually see the filing :)
Additionally, while I trust marlonbrando, technically we didn't receive that email and therefore we don't know if he is making it up or if it truly is from CEYY.
Although, a screenshot would quell most of those fears...
Altogether, i do believe Marlon's email is real and it is absolutely fantastic news. Sounds like they broke even from a cash perspective meaning they can stay afloat almost indefinitely without diluting shares or anything!
Again, hitting the ask doesn't really do squat...cause it is just us doing it. Rest of the people won't join in till there is solid proof that it is going to make it's way up :)
Then you won't have to ask and you won't be able to catch the ask cause it will be moving so fast ;)
Now see THAT is amazing news!
Solid confirmation that we are at least not going to LOSE our investment! And in time it will grow!
I read an article recently about the millionaires of today and how they got there...
One of the biggest things on the list is that they all invested long term and were able to ride out slumps in the cycles and never really taking a loss.
So, as long as you don't desperately need your money (requiring you to cash out at an incredibly low level) then you will EVENTUALLY see your money again :)
I guess we now know the key target date to be around May/June 2013.
Company still alive...phones are still being answered...operations performed...and I am sure they are glad to focus on growing as a business than dealing with us. I'm ok with that so long as they eventually get back up there :)
And I will probably throw in a few thousand more if we see sub penny prices :)
Even in a buy out they are worth over $.25 (closer to $.40-$.50 especially if Glacier is able to generate any revenue).
What other stocks are you guys watching?
And we've seen lower prices than this, albeit incredibly brief :)
Helk the lowest ask price was like 1.7 cents at some point. I bought a bunch at 1.8 cents :) Although, my initial investment was near 20 cents so my avg is now 3-3.5 cents =/
Have they replied to anyone's emails/
For a year I could agree, but the business will still be there and in a year they'll be back on the exchanges and off pink sheets :)
Does this mean we're screwed?
Hopefully comes out today. Usually takes some time to update in database after that...
Right now I'm just hoping they get the filings out by the 22nd (should be evening of 21st).
After that, then I will at least be able to get up out of the fetal position...the floor kind of hurts :(
on hold till June 22 (approximate release date of 10Q)
I think they will and it'll be together after this go around since they cannot have a 3rd filing without going into the year probation (so unable to get back on an exchange for a year, mandated by SEC).
So, by June 22 or so we should be solid and at worst have to deal with the extensions (5 and 15 days) which isn't killer :)
I posted an email...and they said they hope to have thigns on time going forward. But there is NO incentive to file in any less than the grace period if you are already missing the regular deadline
End of the extension. I think 22 is when was listed as delinquent, so 30 from there :)
I think they are just utilizing the 30 days grace period
Thank you so much!
Can anyone help me answer this?:
I guess they are well within the 3 times within 2 years, so this will be #2 in 2 years. So, this one gets filed late...and maybe after that things will level out? ===> Is it actually the 2nd time? I was trying to look through it, but have to catch a flight. Would help make my weekend more peaceful :)
Thanks!
That is so damned helpful...I have been trying to figure out where they are and that is putting everything exactly how I need to hear it. Idiots if they only filed things properly.
I guess they are well within the 3 times within 2 years, so this will be #2 in 2 years. So, this one gets filed late...and maybe after that things will level out?
I emailed them, this was the response:
Hello Sir,
The company has gone thru a major reconstruction of it's financial
department with new Auditors, bookkeepers and financial policy being
implemented.
The 10Q is currently being worked on and with all the new service
providers Fresh Start Private plans on future quarterly reports to be
filed timely.
The company is currently on the OTC Pink and is working on getting back on
the OTCQB.
regards,
IR
===========
Were they always on the OTC Pink or is that what happened recently?