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Thanks Dread, I'm just trying to find out where the information about the S1 came from, is there a link to the SEC or something? Thanks. Been here for a while as well, don't have a large position as many here do, but I've been here
GTRQ - just trying to catch up here. I'm seeing posts about 3pm today, does someone have a link or information on this, TIA!
GRPS - Thanks, looks like you have a chance at those .001's now. I'd be surprised if someone sold them to you. Don't know why anyone would be selling down here, but I did get those .0011's. When news comes, this will move fast!
GRPS - Had to grab those .0011's , been here for a while like many others, couldn't pass up those cheapies! I hope you don't get filled at .001 but will add more if it dips again. GRPS didn't spend all the time and $$$ to get current if there wasn't something good going on. I think this will be either a great way to end 2014, or begin 2015, depending on when news hits. Remember, John said end of December OR beginning of January... could still get some updates this month. GLTA
Link please? Haven't seen anything about their intent to cancel commons...
Possible Ebola in NY, that's why...
http://edition.cnn.com/2014/10/23/health/new-york-possible-ebola-case/index.html
Thank you! Unfortunately the chart looks like it wants lower. Should move fast with any news, we are getting closer.
GTRQ just checking in here, anyone know when the "quiet period" ends?
AMNC - super low float getting some attention today
WTCG - .0033 3rd time bouncing off 52 week low. Looks ready for reversal. Low float like SFOR.
Nice to see that big ask at .12 gone today!
Thanks for the .08's! Been here for a while, just haven't posted. Hopefully this will be the week!!!
News...hmmm
It states July 31st as the R/S date, not July 12th. Not that it makes much difference...
FRMC - Another quiet day here, but at least there is a decent bid!
Edit - was a decent bid
FRMC - Quiet day here today. Getting closer to drill date...
CGRA Hmmm, anyone know what's going on here?
FRMC - I've been doing some digging and here is what I found.
1. This is the application for the notice of intent to drill. You will see that Ryan Kerr is listed as a contact person for Tiger Oil and Gas.
http://www.kcc.state.ks.us/conservation/intents/index.cgi?Filename=&Permit_Date=&Section=&Township=&Range=&East_West=&District_Number=&County=COWLEY&License=&Date_Range=15&Mod=Fri%2C+8+Mar+2013+20%3A42%3A17+GMT
2. Ryan Kerr is also a Partner at Kerr Energy Group per Linkedin
http://www.linkedin.com/pub/ryan-kerr/13/9ab/9a4
3. Keta Oil and Gas LLC - which operates oil and gas leases have records of a merger/acquisition of 2,400 acres of oil leases in Cowley County on August 6, 2013. That same day Formcap released a LOI with Kerr Energy Group and Keta Oil and Gas.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=244174587
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9436779#NEWSRELEASE_HTM
5. As we know from the 8K on March 17, 2014 Formcap has completed the acquisition of the 2,400 acres.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9860928
6. I have spoken directly with Marshall, the drill operator at Val Energy, to confirm they will be the operator for Tiger Oil and Gas.
So it seems the information is matching up and to me looks like they may actually drill. I was happy to see the notice of intent this morning, thank you dojiman. GLTA FRMC
Thank you! GLTA FRMC
FRMC - DojiMan wasn't sure if you were still around! I agree they could have worded the pr better. Val Energy must be very busy this time of year. I know they have Tiger Oil and Gas on the schedule in Cowley county. When I spoke with Marshall, the drill operator for Val Energy, he told me Tiger Oil and Gas contracts with other companies. I guess we have to wait a little longer.
FRMC - Good news here today! I know that Val Energy has Tiger Oil and Gas on their schedule. Give Val Energy a call, they will confirm for you as well. I spoke directly with the drill operator at Val Energy.
FRMC - Yep I see the same thing, unfortunately. I don't expect to see much here until next week since we are going into a holiday weekend. Would be nice if i was wrong lol
Yeah I keep checking on the permits but it looks like they are issued same day or just a few days prior. I will try to get confirmation on what company is on the schedule, but perhaps they don't give that information out, I'm not really sure. Would be nice to see this stock get some positive attention for a change.
Well they definitely have a well on the schedule for June 15th & June 16th in Cowley County close by the other companies that are listed in the PR. I couldn't get confirmation on what company it will be for, but everything is matching up. I hope we get to set that ask at .031 I bet it's fake! GLTA
FRMC - I feel much better after talking with Val Energy and look forward to June 15th! I would buy more but I have just about as much as I need GLTA
FRMC - When you called Val Energy did you speak with Marshall? I just left him a voice message on his cell phone. As soon as I hear back I will let everyone know. Has anyone confirmed with Val Energy that they will be the drilling contractor? Val Energy is a legit company. TIA
FRMC - I agree, they are trying hard! Not getting my shares though, we are getting closer and closer to the June 15th drill date. BTW I called Val Energy yesterday and spoke to a very nice lady who gave me the cell phone of the owner. She didn't know who was on the schedule but the person who's cell phone number she gave me would know. I also confirmed directly with Val Energy that they have been in business for 15 year plus. I will be giving a call later today to see if I can get confirmation that they are involved with Formcap. GLTA
FRMC I think you are right, would be nice to see that 500K go away! There isn't much left under .03
Thank you! We should see something any day now, we are getting closer to June 15th. Hey my bday is the 12th, maybe I will get a nice present this year!
FRMC - I emailed IR and was told we are still on schedule for the June 15th drill date. I also asked about permits and was told the information would be made public with it materializes. So possibly the next PR will be about the permits to drill.
FRMC - I'm thinking you are right. Hopefully they are done with conversion and they will want to move the price up to sell shares. We will all know for sure in just a few weeks. GLTA especially to us in the red :(
FRMC Haven't we held for long enough already lol! It's like homeboy4u said, we are one day closer each day.
FRMC - Quiet day here today.
GRPS - Thank you. I will shoot him an email and will let you all know when he responds. I'm thinking we are really close now. GLTA
What email address did you use? We should be getting close for financing news. I would like to email him for an update. TIA
Still holding as well. Going to see how this one plays out.
Did you pick some up the other day?
Thank you! I think we could see some nice price action on this one. Better than the other one we are in . I didn't want to post on that board, but yes I think I got the same PM as you did. Didn't put too much into it, was hoping the info was good, but obviously it wasn't. APHY - I'm thinking we should get back up towards the .60 range since that's the price the shares were issued. Might take a little time but I got some .10's yesterday Good luck to you if you are in on this and that other crappy stock we are in!
APHY - unnoticed news today and low float
PLANO, TX--(Marketwired - May 6, 2014) - Assured Pharmacy, Inc. ("Assured Pharmacy" or the "Company") (OTCQB: APHY), a growing provider of pharmacy services to patients and physicians primarily in the treatment of chronic pain, today released the following letter to its shareholders:
Dear Shareholder,
These past several months have given us a chance to review our business and make some changes, which we believe will make Assured Pharmacy a stronger company and award shareholders for the long-term. Management would like to provide an update on our significant progress across a number of areas and our vision for the future. The management team and I are more excited than ever about what lies ahead.
We have strengthened our financial position considerably by bringing in new capital and restructuring our balance sheet. A lead investor provided us with $1.44 million of new capital to date, which enabled us to design and implement a plan to streamline our operations and target near-term profitability. The new capital has been disbursed throughout our operations to meet increasing demand from physicians who wish to have greater precision in the management of their chronic patients. We have successfully restructured a significant amount of our outstanding debt. The holders of the Company's long-term debt, totaling approximately $5.5 million, have agreed to extend the maturity of their debt until 2016. In addition, the holders of the Company's long-term debt, totaling approximately $1.5 million, have converted their debt into common equity at a price of $0.60 per share. As part of the debt extensions and conversions, an aggregate total of approximately $800,000 in accrued interest has been converted into common equity at a price of $0.60 per share. All of these balance sheet adjustments allow us to focus the new capital on meeting the increasing demand for our services resulting in revenue growth.
As described in our most recent annual report filed on Form 10-K, management has decided to concentrate our working capital on the Company's operations and support our two remaining pharmacies with optimal prospects. After analyzing historical financial performance, regulatory costs, current sales prospects, geographic and physical location and strength of existing physician relationships, management elected to close the Gresham and Riverside pharmacies on August 5, 2013 and August 8, 2013, respectively.
Following the closures of the Gresham and Riverside pharmacies, customer demand at both our Kansas City and Seattle pharmacies has consistently increased and is accelerating. Since the restructure of our operations, our revenue per business day from our Kansas City and Seattle pharmacies has increased approximately 130% from approximately $12,500 in revenue per day in July 2013 to approximately $28,700 in revenue per day in March 2014. The key driver behind the revenue growth has been the increase in the number of prescriptions. Since the restructure of our operations, our prescriptions per business day from our Kansas City and Seattle pharmacies has increased approximately 31% from approximately 153 prescriptions per day in July 2013 to approximately 202 prescriptions per day in March 2014. Our prescriptions volume is a lead indicator of revenue growth.
We are focused on reaching profitability in 2014 and believe that concentrating our working capital in our Kansas City and Seattle pharmacies will help us reach that goal. Over the past year, management believes it has proven the success of our business model at our newest location in Kansas City and successfully replicated the model in our Seattle location. We are looking to continue that success and replicate the model in select expansion locations, including Denver and Boston.
The foundation for our plan to increase sales at our existing two pharmacies is based on expanding our outreach program to physicians, including more effectively communicating to them the risk management and service benefits that our business model provides compared to a general pharmacy and increasing our customer retention rate. We believe that increasing our inventory levels and expanding our purchasing capacity with existing and new drug suppliers can strengthen our customer retention rates. Since the majority of our pharmacies' operating expenses are fixed expenses, we expect any increase in revenue to have a positive impact on our consolidated operating results. Management believes that the infrastructure of our existing pharmacies can support an increased prescription production volume by as much as an additional 75% to 100% without incurring any significant additional operating expenses, but there can be no assurances in this regard.
Our longer-term plan remains focused on developing a national footprint as a premier provider of pharmacy services to physicians and patients primarily in the treatment of chronic pain and other chronic medical conditions that require treatment utilizing controlled medications. Prescription drug abuse and diversion have resulted in ever increasing regulations. Our business model provides pharmacy services, which are typically utilized by physicians for the risk management benefits. We have developed and refined what we believe is a unique pharmacy service model for the dispensing of controlled medications that is capable of being scaled into a national chain.
We believe that our current corporate infrastructure can efficiently support up to total of twelve operating pharmacies. Corporate infrastructure includes executive management, centralized support services, accounting, finance, information systems, human resources, payroll and compliance to support each pharmacy's operations. In order to align the costs of our current corporate infrastructure with our scaled back operations, management has implemented cost reduction initiatives including staffing reductions, deferral of senior management compensation and reduced operating costs at our two remaining pharmacies. As a result, we believe that the implementation of our plan to open up to ten additional pharmacies will not require material additional corporate infrastructure. Further, management believes that opening each new pharmacy will have a positive impact on our consolidated operating results within six months from opening of the new pharmacy, but there can be no assurance that such positive results will occur.
The past several months have posed some challenges for the Company that have largely been overcome. With our corporate repositioning predominantly behind us, an experienced management team in place, and significant opportunities on the horizon for our business, we are eager to execute our plans over the next few months.
Please stay tuned for future announcements from Assured Pharmacy. In the meantime, thank you for your ongoing support.
http://finance.yahoo.com/news/assured-pharmacy-issues-shareholder-letter-124500179.html