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§KEYO PSS announces NantHealth will "GO PUBLIC"!!!§
http://www.forbes.com/video/3923772050001/
KEYO =
The video is titled "NantHealth's IPO Inspiration:
CEO Patrick Soon-Shiong tells Steve Forbes the inspiration for taking his company public in 2015."
He would have said, "Doing an IPO for NantHealth" if that is what he meant.
Notice Hairpie is not getting a piece of PSS! HA!
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Hogwash!....more like $1.40
That's it! And to think I was going to post that it's about time for another 6mm dump. It's a good thing I made bank on this twice, 'cause third time at bat and I'm striking-out
Last post here. Dumping this POS.
As Impacto might say..."Is vey bullSHIT!"
Yeah...cheers. Have fun.
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You're supposed to invest on fundamentals, right? They seemed pretty solid when we were getting the PRs. Not what I would call fluff. Don't see any dilution of the common. Looked more like a N-D clause in effect. Master's had to have at least $5M/rev last year. They got $5M financing but it is tied to M&A? Another acquisition announcement would send it back up.
But we have been strung-along on "soon" far too long. Audited fins excuses have run the gamut. Personally I think they are done, but being treated as confidential, pending another M&A transaction to solidify buyout candidacy. What about the mystery CFO? Someone said DF mentioned a name but they wouldn't repeat it? Don't buy that. A new CFO would come in the form of new management with a M/A. Looks to me like we have a large deal that stalled or may not happen.
F&Co's published past transactions scream restructured principal salvation. The A/S = 500MM, O/S is @337MM, correct? Only float figure I can find says 314MM. That doesn't jive with any sizable inside ownership. gurufocus says 86% insider? That's 47.18MM in the float, which matches the chart volume better.
NV SOS shows default status. 2013 info was filed along with the March 8-K. Another indication that DF anticipated getting this sold before mid 2015.
I have never received calls back from Ted Eppel or Terry Kinder. Eppel is a board member at ECDC..YIKES!
At least the 65MM was not crossed below the bid. But the chart definitely looks like they dumped it to .0001 on the 20th then backed-off. Artificial floor here at .0002-3 and a long way to go to 10BB O/S. I'll glady eat a whole crow pie if I'm wrong and call link a hero. Just don't want to say I should have listened to pepeoil
I received a voicemail from DF today. He just left his # and asked me to call back. I am quite surprised to hear from him after the last voicemail I left I'm sure I will hear the same that has been reported lately but that will at least lend support to his character. I have been averaging-down here a little lately, but it's been with shaky hands. I just know he could close a deal on the co for 5 or 6¢/sh. Be worth the trip in the long run.
No other OTC CEO has ever called me back!
§NLEF
"Just wanna see a little more flair, OK?"
They convert the note because that is the selling terms. These people are not selling their companies because they want to invest their hard-earned success in AVEW. They want the money for their transaction and will think about how they want to invest it while sitting on the beach in Corpus. They get offered a 10% premium on their asking price for the convertible deal while maintaining control until the conversion is complete and they are paid-off. Then they sign the papers and resign. Have you heard any comment of change of control, new BODs, financing terms, AOI disclosure, etc? NO. Just absolute fluff PRs to keep the buying going.
And what about all the new companies? They're being acquired on convertibles, too. "Oh, they're restricted!" Well, watch the A/S max-out and the R/S hit right before the convertibles mature. All planned-out. Hold for 5 years and you might get a 12% return when they sell the co!
Or the sale of company that is about to happen.
§NLEF
Matured means it is capable of being acted upon!
Ok, lets go to the top of the BOBs for a fifth straight Sunday rehashing this argument:
Don't bow-down! Dig-in! Do some DD. Ask some questions. Like why did PSS purchase a controlling stake in a company which was practically basing it's existence on awarded grant monies from the FBSP and had all 11 of their applications denied a year prior? He paid $2.6+M to acquire a failing publicly-traded company for a reason. He purchased Raptor Networks because he wanted ONE MAN to come work for him. He was left with a shell then, he sold it because he did not want it. He still owns an 80% majority of this one and neither he nor ANY of his people are talking about it.
Yes, your investing principals will bear-out here.
Hey Ms. Buffet! Is that your barn or Levon Helm's? Looks like a good place for a midnight ramble!
Super Bowl Host Committee takes credit for the fact that the NLR is based in Phoenix, and PSS's purchase of it went hand-in-hand with the ASU/Chan Soon-Shiong Children’s Precision Medicine Institute at Phoenix Children’s Hospital partnership. Sheesh! He named Phoenix Mayor Phil Gordon as Vice Chairman of National Lambda Rail. I suppose the NFL committee is responsible for that, too.
http://www.bizjournals.com/phoenix/news/2014/11/24/super-bowl-host-committee-drafting-ceos-to-lure.html
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I meant what I said. Uh-oh! There goes my phone....
...oh, it's just letting me know about my high blood pressure
http://www.bendbulletin.com/boneyard/2622591-151/smartphones-the-future-frontier-of-health-care?entryType=0#
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Pit Crews Come To Cancer Treatment
Forbes' Dan Munro on "the potential power of collaboration - in all its forms - on clinical care"
http://www.forbes.com/sites/danmunro/2014/11/23/pit-crews-come-to-cancer-treatment/
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NantBioScience, a wholly-owned subsidiary of NantWorks, LLC:
http://www.bioportfolio.com/corporate/company/45569/NantBioScience.html
§KEYO
It's going to kick-in at some point Kgs68. He's going to announce something and we'll get out, leaving a new flock of bag-holders in our wake. Come-on Dove!
§NLEF
PSS LABJ IA Award goes to Ice Energy!!!
Will we be seeing Chan Soon-Shiong grants going toward Ice Bears at the Data Centers?
http://www.heraldonline.com/2014/11/19/6545679_ice-energy-awarded-patrick-soon.html?sp=/100/773/385/&rh=1
CVS and NantWorks:
http://mobihealthnews.com/38404/cvs-health-to-ramp-up-its-tech-efforts-with-digital-innovation-lab-launch-in-boston/
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Thanks for the warning!
Oh, of course. We're still paying Shane & Tamara. Silly me! The new seller's won't even start converting until after the R/S. How could I be so blind!
§AVEW
That is what I was saying when I thought I was playing the bottom @ .02! Let's hope this does not form a new stinky-pinky bottom @ .0002. Old longs will probably say bound to happen.
When I read things like this and think about the Dr., I can't help but feel that the Disease Management is there and it's just harnessing the information on a genetic level that stands in the way. PSS will be doing the neighborhood gala Tuesday.
http://www.lbausa.com/partners/lba-partner-events/labj-patrick-soon-shiong-innovation-symposium/
He can just walk down the street from NantWork's 20th-floor Landmark Office Suite.
http://www.wilshirelandmark.com/PropertyInformation/PropertyInfo.axis
I'm just itching for him to make some mention of the event!
" Please join us for a Patrick Soon-Shiong day of innovation, inspiration, and recognition."
KEYO
Running away! Don't like the talk around town about this rodeo. Thanks fellas!
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A guide to investing in HIPH:
1) Read last 20 posts.
2) Think, "OK, running fast now!"
3) Stop at the hose for a refreshing drink
4) Keep running!