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Bought 6500 shares at 4.05 today. Havent been on ihub in a while! Funny board btw lol
I'm not sure if there's 40mil leftover but I hear ya that there is a possibility there is a few mil leftover. Otherwise this would be at zero. They need to finalize this already.
When this first started trading years ago, it was issued on the market at .04 per share. Where did that money come from? And won't they have to close it out at .04 per share in order for cvr to break even with no payout? Anyone know how that works?
F it I'm back in for 500K shares, I just wiped out the .0039's. Made $50K so far whats another $2K to reinvest!
So I take it just waiting to see what other fees are involved but max payout is .04 and worst case is zero payout? Why are people still buying and why hasn't CYH announced a final announcement on this CVR?
Yep. I had 3mil shares at .01, sold at .025 even tho I wanted to hold til the end, I had to take profit. Thank god I did I would've lost my a$$, but yes I totally agree on their lawyer fees. Time to start a go fund me account for those willing to take a chance on digging into this lol.
Yep me too. Snap at $12b market cap and Twitter at $30b. Yet SNAP is just as popular if not more. So undervalued at current prices.
Ehhh...wives are overrated. I'd take money over a wife any day. But ya kids and family more important than money.
I'm doing great with my 3mil shares at .01. How many shares do you have at what price John? Just curious.
Lookup the definition of loophole lol.
loop·hole
noun
1.
an ambiguity or inadequacy in the law or a set of rules.
"they exploited tax loopholes"
synonyms:means of evasion, means of...
Yeah most people would do that, claim it as normal capital gains/losses. Makes the most sense.
Cvr's are a bit different tho. Loopholes exist if you can find them.
If the settlement exceeds the cvr value, and there is no payout, I will pay a 3rd party legal team to audit every expense in this case. I only have $30k invested so what's another $10k-20k? They'll settle out of court if there's any mishandling of this cvr, or, I'm out $50k.
Having said that, the facts and numbers in this investment seem to point towards a payout, based on settlements of similar cases in the past, and the details of this cvr.
Holding for 3+ years now, average price is $.01. Could have cashed out last year for $75k profit, didn't, it went back down to my $30k investment and less.
Now I'm up again. My guess after all that is a .04-.06 value, coming within 2 years.
Don't sell, let the cvr pay your stock account if it pays out, cuz there is no definitive laws on cvr settlements when paying taxes.
Hold til the end.
It's not $252mil, and it didn't drop to a level that would generate a payout. The recorded amounts that reduce CVR value after giving effect to deductible and co-insurance went from $272mil in 3rd quarter, to $273mil in 4th quarter results. Legal costs went up a million, that's all that changed on this recent filing.
Yep I'm still in. Case 1:14-mc-00339-RBW
Had to dig through district of Columbia cases to find it, also, you need a pacer account.
I think both sides have been ready to settle for a while but the case keeps getting stayed cuz the government is deciding whether or not to bring criminal charges. At least that's what I gather from the court docs. Shouldn't be too much more legal fees
Looks like it. Although they can come back at any time before then with a settlement announcement.
Stayed until March 19th, 2018.
"MINUTE ORDER. Upon consideration of the parties' Updated Joint Management Report, and for good cause shown, it is hereby ORDERED that the parties' request for an additional stay of this case to March 19, 2018, is GRANTED. It is further ORDERED that the parties shall file an updated joint management report on or before March 5, 2018. Signed by Judge Reggie B. Walton on December 6, 2017. (lcrbw2) (Entered: 12/06/2017)"
More detailed update, stating they are trying to resolve the end of August:
UPDATED JOINT MANAGEMENT REPORT
Pursuant to the Court’s Minute Order dated April 18, 2017, the parties in the aboveconsolidated
cases respectfully submit this updated Joint Management Report. The criminal
investigation remains ongoing, but the United States, Defendant Health Management
Associates, Inc. (HMA) and the respective States have agreed on a framework for a possible
global resolution. The parties therefore request that this case be stayed for an additional
period, from August 28, 2017, up to and until December 18, 2017, and the parties will report
back to the Court on or before December 4, 2017.
Over the past months, the Criminal Division has continued its investigation. The
Criminal Division and HMA are meeting at the end of August to discuss a proposed global
resolution. The Civil Division has obtained authority from the client agencies and the
Department of Justice for its portion of a proposed global resolution with HMA. The United
States and the States have continued to work with Emergency Medical Services Corporation
(EMSC) and related entities to finalize settlement papers to resolve related claims pending in
two cases. Relator in one of those cases has also resolved personal claims against EMSC.
Counsel for the Office of Inspector General for the Department of Health and Human Services
and EMSC expect to finalize related documentation shortly. The United States also has had
Case 1:14-mc-00339-RBW Document 60 Filed 08/14/17 Page 1 of 7
additional discussions with Physicians Alliance Ltd., and believes that those negotiations are
also close to completion.
1
In sum, settlement discussions continue to be productive. The
parties continue to believe that there is a realistic possibility of reaching a global resolution
which would include settling the underlying cases.
In light of the ongoing criminal investigation and settlement discussions, the parties
request a further stay of the litigation. This MDL involves a complex and diverse set of health
care fraud claims, and presents numerous factual, legal, and logistical challenges. Accordingly,
the parties believe that an additional stay, up to and until December 18, 2017, is necessary to
meaningfully explore settlement. The parties’ proposed Order calls for the parties to submit an
updated Joint Management Report on December 4, 2017, and the parties are most willing to
report to the Court prior to that date upon request.
Update from Pacer:
"MINUTE ORDER. Upon consideration of the parties' Updated Joint Management Report, and for good cause shown, it is hereby ORDERED that the parties' request for an additional stay of this case to December 18, 2017, is GRANTED. It is further ORDERED that the parties shall file an updated joint management report on or before December 4, 2017. Signed by Judge Reggie B. Walton on August 15, 2017. (lcrbw2) (Entered: 08/15/2017)"
And so we wait...
That makes you a shlong.
Yep! I shorted another 5mil shares today
Seems legit. They've been saying there's not going to be a payout for 4 years right?
Good plan. I'm short about 25mil shares as well. Can't wait to buy back at .00000001.
10 days before they report back to the court.
No change no additional settlements. The legal expenses went up another 3mil though. Their lawyers better be getting a hell of a deal having poured $33mil into this already. Still seems excessive to me.
Exactly. Hope it works out for him. I'm in for 3mil shares, plus a reserve if CYH tries to divert any $. Gotta make sure their numbers are straight.
The truth is you don't know. But thanks for your weekly opinions.
Why do you change your mind so much? I thought you had insider info??
Source?
I think now is a good time to retain an attorney to look into what CYH is doing with the $300mil set aside for these cases. I have $30K invested, I'm throwing another $10K towards a legal counsil retainer next week. Just in case they may have mis appropriated any funds... Someone's gotta look over this deal, other than CYH. I'll keep longs updated on this board
Looks like strong support at .02. Volume usually precedes price movement and we had almost 40mil shares traded this week, about 40 times the normal volume so I'd guess .02 at least holds.
There is no expiration date, its whenever they reach an agreement on settlement of pending whistleblower cases.
SEC has been notified. If CYH can't produce all costs associated with CYHHZ, my attorney will get them. Too much $ invested not to hire someone to investigate the details of this case.
CYH better give a detailed report on its legal costs. $30 mil seems a bit high at the moment. I want to see detailed time sheets on their lawyer fees for these cases! Make sure their not funneling money thru attorneys at the expense of cyhhz holders.
Did you notice the estimated cost to settle unresolved contingencies dropped by $7mil on the latest CYH earnings? That's a great sign...once it drops below $265mil we are in the green. Big volume the last few months too. Still holding.
Right on I appreciate the input. I made good $ on the last two pops. Out right now just waiting to see what happens. CJESQ similarity sounds about right.
If this is all very public, why did the price skyrocket upon the latest 8-k and PR's? Just curious. If the writing is clearly written on the wall that they are filing Ch. 11, why is the PPS not reflecting that?
Yeah but its a good sign.
Great call bud. Glad I bought 24,000 shares yesterday. News released, deal reached, looks like they won't be going BK. Love this quiet board with such huge news. GL to those who bought in earlier.