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.
penny, VFIN is now just a regular marketmaker like the rest, the recent activity has allowed many to accumulate, which will prove profitable..
this is a great management...
they will show you with actions, not words
That is correct, EXPH reverse merged into a grey shell, started trading in the pinks about 30 days ago, more or less.
RPDI chart
RPDI chart
EXPH chart:
GSIEF chart & level 2
GSIEF chart & level 2 updated in Ibox eom
RPDI moving 1 mil float eom
We have the float, trend is up. eom
EXPH important note: EXPH to trend up imo..
VFIN 30 day adoptive stangle hold is removed from this security effective immediately.
Pinksheets.com showing "piggyback qualified" on website real time quotes this morning. (see EXPH quotes real time as provided by company to its shareholders for those without level 2)
Expect much better price action and participating market maker presence in this issue.
CoolD
Most hospitals and clinics are not run well enough to be in a good financial position.
You must do a good job there with your small facility. My hat is off to you.
However, just a cursory examination of the industry as a whole painfully reflects that the health care system in general has serious and in some cases detrimental cash flow issues.
This issue has been covered in the media over and over, not to mention all the complaining and buzz on capitol hill.
GSIEF will fill a big void here, Helen Keller can see the size of the potential market.
sorry cosmo,
didnt see the post til just now, GSIEF by far, no disrespect to CMHS, but GSIEF is to retain 90%
snow, let me clarify:
I stated:
"The differences in percentages of discount, would be negotiated relative to the percieved risk of each transaction."
Translation:
The amount of money given to each client medical facility is only decided after intensive due diligence. Each facility has its own circumstances, patient demographics, insurance company mix (some insurance companies pay more per service than others), as well as other factors.
The model used to determine this amount was presented to Standard & Poors, and other well known rating agencies. GSI et al are following the advice and counsel of the agencies to the letter. They must, the funders would only act to fund a contract that meets these stringent requirements.
The post meant to advise that extraordinary care is taken by increasing the discount (the fee charged by GSI/Funder) too accomodate any percieved increased risk for a particular transaction. That extra discount is built in to protect GSI and the funders. It is called a "reserve" in this case.
Extra money is held in reserve escrow if the account looks difficult to collect relatively. This is a very important as it lessons any risk to nil. The reserve is not returned to the client until GSI and the funders involved are made whole.
Thank you for pointing out that weak sentence, I should have been more clear.
Spark
Market conditions and higher end prices on the large and medium capitalizations have caused many funds to look to lower price issues.
Not much room for gains when most believe the larger caps are near the bell high as it is.
JGyli:
Your statement is partially correct.
While it may be true that large fund managers cannot obtain a position here due to contractual obligations under their bylaws, it is also true that smaller funds, with more risk oriented stratagies do indeed place their funds in attractive situational settings such as this on the OTCBB.
In fact, if one researches higher priced progressively managed OTCBB stocks, one would find a larger presence of said smaller fund managers than one would initially believe.
You cannot discount the possiblity, when the conclusions are drawn from historical fact.
Yes Brian
I believe it to be true, but if I do not know for sure, I always give me best guess using lower figures.
There is no reason to hype here at all, the lower estimates are more than plenty as presented to any reasonable person giving it some critical thought.
Everything is is just gravy.
xbootie,
Your excellent questions have made me realize that most folks do not yet realize the potential here for very large pps results.
Every low to medium size transaction conservatively brings .03 minimum to GSI. Much more is available GSI top line from each pool of purchased receivables.
Folks are in a good position here to accumulate a nice position while its still in the pinks.
Once it trades on the OTCBB, it is legally possible for certain equity funds to take a position.
It will happen, it is just a question of when.
All interested need to be positioned before the OTCBB listing takes place, that is, before the real money arrives.
xbootie Good solid questions:
Your foward multiple assumptions of course are subject to real time market conditions, but yes, that is a reasonable industry standard to operate within.
Your numbers are unintentionally skewed a bit, let me clarify just how top line funding (that is, money provided from funder to GSI arranged client) equates to net revenue being placed on GSI books.
For figuring purposes, the numbers presented will be from a GSI client that has a 125 million dollar recievable base.
Client recievable base and amount to be assigned legally via UCC filings:
125 million
GSI/Funder offer to subject client based on exposure and risk (using the before-mentioned S&P/Rating Agencies model)
100 million less 10% = 90 million cash. (actual cash advance over 4 quarters)
Available revenue from this transaction to GSI/Funder
10 million (1/4 immediatley available at each quarterly closing when subject funds are distributed)
Funder share: 3 million
Processor share 2-3 million
GSI share: 3-4 million
These numbers vary due to the risk and the projected difficulty of eventual collections.
The numbers presented to you are low ball assumptions, I am giving you the very worst it could be.
In fact, it can be much better without a considerable change in events, here is why:
The 125 million figure used here for illustrative purposes is assigned in full via UCC filings to GSI et al.
At this point, there is 25 million more in receivables between the paid amount at closing (per fiscal period) and the amount received and legally assigned. This is to protect the risk takers totally in the subject transaction, GSI and the funders advancing the money.
Any part collected out of the 25 million difference is found money which passes to GSI/Funder/Processor revenue, I don't know the exact arrangement, but it would make sense that the same percentages apply to found money profit (that is, more money is collected due to the expert capabilities of the processor) as apply to the basically 1/3 split outlined heretofore.
The processors that GSI utilizes are the very best in the business. They are very motivated by the fact that their contract calls for payment based on collections recieved.
The processors are paid only by collecting the amounts due, so their revenue is dependent on performance.
You can see the possibilities now, factually, only one small to medium size transaction comparable to the size depicted above must take place to drop 3 million in revenue to GSI. It would not take much performance to increase that number available to GSI earnings per share, after all, just this one deal presented as an example brings .03 per share topline to GSI.
Of course, that is top line revs to GSI, there are expenses to be deducted from that number such as office, administration, salaries, marketing, and so on.
That being said, GSI has taken every step to outsource most of the actual work to professional firms, so most of the expense is taken out of the equation before it enters GSI topline P&L.
All of the above is good timing for us shareholders, we are joining the party here very early.
Enjoy.
As you can now see, this is a very well planned business, all the components are in place. This has taken three years to develop and execute.
For the pps to be $1 with an average forward multiple of 17.9 that would lead to an EPS of 0.056 (0.0558) using the current share structure of 100m (to keep it simple) would lead us to net earnings of $5.6m.
$5.6M net earnings plus a conservative 30% would give us $7.28m gross earnings. Now if that equates to approximately 3% of the total revenues expected then we need to take $242.6m to get a $1 pps.
If the calculations are correct then there are 3 things that could happen in order to get our $1 pps.
1) An R/S after the uplisting.
2) Substantial contracts signed, sealed and delivered
3) With the share price being considerably more than it was when the initial merger was formulated GSIEF could retire a vast majority of the O/S.
I would appreciate anyone's comments, good or bad.
Cheers
XB
Search: Subjects Members Public Msgs My Private Msgs iBox Quote/Chart/Ticker
© 2007 InvestorsHub.Com, Inc.
About Us User Agreement Contact Us iHub FAQ Advertising ADVFN.com SiliconInvestor.com You are logged on to Server 3 as investwise4858
GSIEF post of the week:
From GSIEF board today:
Posted by: timmage
In reply to: None Date:7/6/2007 2:45:18 PM
Post #of 454
Man those guys use a lot of big words lol :)
Honest to god folks, this one put me on the floor.
Paltalk discussion Sunday on GSIEF :
When: Sunday, July 8, 9:30 pm EDT
Where: Paltalk.com
If you wish to participate in open forum questions and comments, download the free Paltalk program.
Once signed up at Paltalk.com
go to: rooms,
go to: Business and investments,
go to: investwise4858 and company
benkofi, go to GSIEF board and check out the Ibox, its explained pretty well there.
thank you
Paltalk discussion Sunday on GSIEF :
When: Sunday, July 8, 9:30 pm EDT
Where: Paltalk.com
If you wish to participate in open forum questions and comments, download the free Paltalk program.
Once signed up at Paltalk.com
go to: rooms,
go to: Business and investments,
go to: investwise4858 and company
Looking forward to seeing some of this great group on Sunday.
GSIEF #22 most read posts in all Ihub :
17 Sulja Bros. Building Supplies, Ltd (SLJB) 11350
18 Blackout Media Corp (BKMP) 10977
19 Media City Corp (MCCY) 10222
20 GSI Securitization Ltd (GSIEF) 9902
21 RushNet Inc (RSHN) 9193
22 Hemi Energy Group (HMGP) 8955
GSIEF now #1 on Ihub breakout:
Rank Board Rate Posts Today Last Post Category
1 GSI Securitization Ltd (GSIEF) 759% 207
07/06/2007 06:02:55 PM Medical - Healthcare
2 Inter-Canadian Business Services (ICBM) 700% 67 07/06/2007 04:50:38 PM Brokerages/Investment Banks
3 Harvard Learning (HVLN) 651% 133
07/06/2007 04:57:33 PM Banking and Finance
4 RushNet Inc (RSHN) 635% 216
07/06/2007 06:07:28 PM Food - Beverages
5 Diversified Oil and Gas Holdings (DVFI) 608% 92 07/06/2007 05:31:43 PM Oil/Gas/Natural Energy Production
The transfer agent released the information. eom
GSIEF Chart @ close:
Niemand, great questions once again, it never hurts to further clarify a important point. This is why I make every attempt to secure as much information about an issue that is possible.
Lets address these critical questions one by one:
After the reverse merge into CMHS:
1. Will our shares become restricted?
No, GSIEF shares will not be restricted in any way, CMHS is being paid in restricted stock, which is a positive event that all GSIEF shareholders will benefit from.
2. Will the 12 mil restricted share given to CMHS become free trading?
Yes and No, the restricted shares given CMHS are Rule 144 stock, and the applicable statuatory rules governing their sale apply. (see SEC website for more information)
Conclusion: CMHS holders that have received the restricted stock must wait at least 1 year to sell, then there is controlled leakout even at that point.
3. Will the number of our shares in the account change?
The number of shares that a shareholder has in their account will remain the same, premerger, and postmerger.
spec :) yes or course we have all been burned before, we have earned our college degree so to speak... lol
This is how I will reply to your statement:
I report, you decide.
west, we have the float and very few realize it, this will be event and technically driven, possibly as early as this session imo.
Folks are selling this spec, its a huge mistake, they literally will be sick to their stomach in a couple months when they realize what a monumental financial error they have made.
Translation: You cannot overcome instilled ignorance.
spec, excellent thinking:
I know quite alot about this type of business in general as I have been involved in transactions that are similar in nature.
This is why I knew we had a huge opportunity with this stock here being "ground floor". My knowledge is more than cursory in this area from real time experience, so I know how they do it.
Here are your questions:
Do they go to Silar capital and say please gives us 100 million to get this contract done. Then GSEIF gives the money over to the healthcare company and then they ask Silar for their 3 million upfront.
The actual funding is provided under contract and all the parties receive their fair share at closing. The closing transaction is similar to a property closing, all the parties are paid at closing.
What exactly is Silar paying for if it is them giving GSIEF the money for the deal to proceed.
Silar is the funder of the transaction, and recieves a commission so to speak that is passed back to their investors in the funing venture.
Does GSIEF do all the negotiations regarding the discount factor associated with deal?
It is my understanding that GSIEF/Silar/Client agrees on a figure that applies to each particular transaction. The differences in percentages of discount, would be negotiated relative to the percieved risk of each transaction. (there are differences due to the fact that every medical facility participating would have a different demographic model as it relates to their patients, some are more medicare/medicaid as opposed to patients with stonger insurance plans)
Are they the ones with the expertise to create the computer models to work out the discount?
Yes, GSIEF has developed this model to apply in its business plan over the last few years. The model must contain computer theory based on input data, but, there is a large human critical perspective that must be included There are some huge people who have been involved in the planning: S&P, Duff& Phelps, and the Stephens Co. investment banking giant that took Walmart and Tyson Foods public.
The GSIEF model follows these well known investment bank and rating agencies guidelines, this is why I beleive that eventually GSIEF will go to the bond market to raise money. As you can clearly see, they did not get the cart before the horse here, everything was planned and researched prior to implementing the actual business plan
What actually does GSEIF do to earn their money? Why can't Silar or whoever it is bypass them and go direct to the healthcare provider and negotiate the deal?
GSIEF earns their money by obtaining the client, performing the due diligence on the client receivables, and putting together a proposal to the client (with Silars guidance to a degree) that determines how much GSIEF/Silar can advance to the subject client.
Does Silar or whoever it is providing the capital have a share in GSIEF succeeding?
Silar is the principal funding source, have no idea if Silar associates are someway involved at the GSIEF shareholder level. That being said, it is a fact that Dr. Phillips is now a board member and shareholder, that fact is fairly revealing in and of itself.
stoc
if we do our homework, we will stay on the "good" list, there are companies out there worth investing our hard earned money in.
This one is showing us what they think of their shareholders, every move has been to increase shareholder value.
When I found out what they were up to, I knew the potential market was huge, and they only had to capture 1% to have a stock in the dollars...
But, aside from that, the real reason I believe in this is the ACTIONS of management over time. Not the WORDS.
Slaton never asked the public for money thru dilution, he built this out of his own pocket, and the pockets of the other directors, and local medical assocites he has in his town.
The officers, directors and other close associates own about 75-80% of GSIEF.
stoc:
Translation:
GSIEF is the strong buy as its shareholders are to receive 90% of the new OTCBB entity.
GSIEF shareholders whether they realize it or not, are participating in a tremendous move here by their CEO.
Not only is their stock going to the OTCBB, the evidence shows, and the company officials have now confirmed, that restricted shares are being utilized to effect the merger.
This is not typical Pinksheet CEO method of operation. In fact, it is 100% atypical.
Not only has Slaton pulled off this huge score, he is getting the nearly 5 million tax loss carry forward on CMHS's books as a "tax shelter" against future profits. Brilliant. This saves the company up to 2 million in taxes right off the bat.
So, essentially, he brought about 2 million in equity to GSIEF deal for about 450,000, that is real numbers and will appear as a "swing" on the books when the company reports profits.
These are the actions of a Nasdaq or higher exchange CEO, most informed folks are realizing that now.
stoc:
your question:
would you take the A/S of each entity multiplied by the current PPS, get the market capitalization and then compare GSIEF to CMHS? GSIEF should sell for 10x what CMHS does? TIA
CMHS will need to r/s, I'm guessing it would be 10-1, that would make sense considering the share price as it stands.
This would put CMHS at .40-.50 premerger, post merger price will be determined by the market itself and how it trades on a consolidated (post merger basis) on the OTCBB.
Historically speaking, securities trade higher on the OTCBB due to the filing requirements that the company will operate within.
stoc lol...
There is less starch in a blue collar, therefore the person is not as stiff...
My kind of folks :)
specbidder, very good questions:
So the question has to be asked is what portion of the profits does GSI get?
GSI final profits will vary from transaction to transaction, but one is able to apply this figure as a very conservative estimate: 3% of gross dollars in each transaction are going to GSIEF top line. In this case, 3 million to GSIEF.
Example: 100 million accounts receivable package for a small hospital, GSIEF would have at minimum 3 million to top line revenue. At this point, all financers and processors will have been paid. Expenses that are deducted from GSIEF top line would include marketing, sales and office items.
Who are their competitors?
Is their larger companies out there who have already cornered the market?
There is no significant competition at this time, no one firm accomodates this type of accounts receivable financing, there are a few small factoring companies out there, but this is on a much larger scale. About 100 times larger in most cases.
Is their a trading market for these type of recievable notes out there?
There is not a trading market for these types of securites specifically, but GSIEF has consulted with the Stephens Co., Standard & Poors, Moodys, and other well known investment banking firms.
It is my understanding that this process started about 2 years ago, the company is following the guidelines established by these well known firms so its possible that GSIEF could make bond offerings at some point when the amounts being financed exceed any funding capabilities of its current financiers.
This business been evolving two years in the dark, folks are beginning to discover just how organized and well planned this entire operation is.
Enjoy.
cautionupahead: you are incorrect...
Lets use part of your alias to highlight this point about your assumption:
CAUTION
GSIEF is the surviving entity here.
CMHS with no disrespect intended, is the vehicle for GSIEF to become a OTCBB listed security, with all its attendant responsibilities and advantages.
Make no mistake, GSIEF has all the assets and the proprietary model as it relates to the evolving business, it is the controlling factor in this transaction.
GSIEF will end up with around 90% of the CMHS shell, therefore, GSIEF stock at this price is a 10-1 favorite.
Act accordingly.
Niemand
The previous share structure was posted in the Ibox, the numbers were updated as events began to occur.
Previous to the issue of the currently discussed 12 million restricted shares, there were about 87.4 million o/s, 21 million restricted.
Niemand, good question,
Any funders, whether it be Silar or anyone else, in the normal course of business with this type of transaction get a percentage of the amount financed as it relates to risk involved in each transaction.
Your question:
How are Rob Leeds, Silar group, and the LaSalle people being compensated?
What is their interest in this deal?
Niemand, Yes he did. eom