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FWIW I had to sell some holdings due to some financial obligations. I sold off 50 shares and set a limit price of $40. It was sold at $42.12. Great sign that there is some underlying support from the Market Makers.
I still have a decent position and FWIWx2- and wouldn't have sold that little bit except I needed to settle some account issues...
Sweet press release. Let's roll.
Pacific Health Care Organization, Inc. Reports Its Fourth Quarter and 2013 Year-End Financial Results
Pacific Health Care Organization, Inc. Reports Its Fourth Quarter and 2013
Year-End Financial Results
NEWPORT BEACH, CALIF, March 31, 2014 (GLOBE NEWSWIRE) -- Pacific Health Care
Organization, Inc., (the "Company") (OTCQB: PFHO) today announced its
financial results for the quarter and fiscal year ended December 31, 2013.
Pacific Health Care Organization had revenue of $6,573,106 for the year ended
December 31, 2013 as compared with $4,826,765 of revenue for the year ended
December 31, 2012. Pacific Health Care Organization reported net income of
$1,232,577 or $1.54 per basic and fully diluted shares for the year ended
December 31, 2013 as compared to net income of $711,389 or $0.89 per share per
basic and fully diluted shares for the year ended December 31, 2012.
Cash provided by operations increased to $808,205 during the year ended
December 31, 2013, from $210,602 for the same period in 2012, an increase of
$597,603 or 284% percent. Cash balance at December 31, 2013 and 2012 was
$1,265,535 and $479,674, respectively.
About Pacific Health Care Organization, Inc.
The Company is a specialty workers' compensation managed care company
providing a range of services primarily to California employers and claims
administrators. Workers' compensation costs continue to increase due to
rising medical costs, inflation, fraud and other factors. Medical and
indemnity costs associated with workers' compensation in the state of
California are billions of dollars annually. The Company's focus goes beyond
the medical cost of a claim, with the goal of reducing the entire cost of the
claim, including medical, legal and administrative costs. Through its
wholly-owned subsidiaries, the Company provides a range of effective workers'
compensation cost containment services, including but not limited to, Health
Care Organizations, Medical Provider Networks, HCO + MPN, Workers'
Compensation Carve-Outs, Utilization Review, Medical Bill Review, and Nurse
Case Management.
"Safe Harbor" Statement: Statements included in this press release, other than
statements or characterizations of historical fact, are forward-looking
statements. Forward-looking statements are based on management's
expectations, estimates, projections and assumptions. These statements are
not guarantees of future results and involve certain risks and uncertainties
which are difficult to predict. Therefore, actual results and trends may
differ materially from what is forecast in any forward-looking statement due
to a variety of factors. Additional information regarding these factors is
contained in the Company's filings with the Securities and Exchange
Commission, including without limitation, its Annual Report on Form 10-K and
its Quarterly Reports on Form 10-Q.
All forward-looking statements speak only as of the date they were made. The
Company does not undertake any obligation to update or publicly release any
revisions to any forward-looing statements to reflect events, circumstances or
changes in expectations after the date of this press release.
To view the annual, quarterly and current reports and other information the
Company files with the U.S. Securities and Exchange Commission go to:
http://www.sec.gov/
Pacific Health Care Organization, Inc.
1201 Dove Street, Suite 300
Newport Beach, California 92660
(949) 721-8272
Website: http://www.pacifichealthcareorganization.com/
Contact: Fred Odaka - CFO
Email: fodaka@medexhco.com
Breezed through the 10K. Increase in EPS by 73% from 2012 to 2013 is pretty darn nice.
Gotta love that they tripled their cash holdings too. Shows they aren't hemorraging through their profits to keep the company operational. Quite the opposite actually.
So far so good... Will be reading this thing up and down though for a better take.
Would be great to see that b/a tighten up a little bit. at
$32.01/$38.95 right now. Good to see at least two MM's above $32 on the bid though.
Sounds like a great idea. I'm not sure how much time I'll have to trade and chat either but it would be good to get in touch with the gang- and I'm happy to brainstorm as time allows.
Feel free to send me one of those Xbox Ones. If Russell Wilson can do it for his homies surely you can sneak into the closet and send out a dozen or so to your pennystockblog homies.
Nice job boys!
Let me see what other party I can be late too. Good lord I am slow.
I knew if I started the "I like it lower" chant it would go off. Just like clock work!
It's like the very special episode of Saved By the Bell where Zach came back from college.
Well I'll be damned. I decided to randomly come out from behind the bushes and I find that I'm not the only old pig coming to get feed from the trough. Can TopCat be far behind?
I'm not actively trading, but have just started looking again before the holidays. I'm also rusty... New job, etc. etc. But I'm pissed my boss made me come in the office during this crappy weather so I decided to dip my toe in the pond again for giggles.
Don't know if I'll have time to come back and trade anytime soon though- but hope you guys are doing well.
Did some research on the filings for SANP. Share structure looks decent, only minor history of dilution and a small forward and reverse split 2 years ago, which was presumably done to shake out some old odd lot holders. Just a couple crappy warrants out there too. So as these pigs go this one seems fairly clean. NV filings too...
I think it could be play at .0012 and .0015.
Probably not for a long time, if ever. They have got to open up those books and clean up that shoddy accounting. I suspect that will take some time- if they even care to do it. Once a foreign company gets the stink of delisting on their shoulders it takes a pretty concerted effort to get back on NASDAQ GM.
I think the bottom on this bad boy is in the $2.25-$2.50 zone, which is where it traded before it made its monumental ascent to $31 last year.
I still think they're a decent play, as the share structure is still reasonable- and they have some verifiable assets and smaller contracts, but I wouldn't bet the farm on it.
Yeah... looking pretty bad. Ah well. I needed a write-off anyway, he said optimistically.
It's thorough, but there is a lot of hearsay and he quotes a lot of questionable sources- and he never had any direct quotes from any company officers when he was making allegations that RINO was fabricating client relationships.
He did a decent job picking apart select portions of the SEC filings. I'll give him that. I think at a minimum, RINO is guilty of sloppy accounting. Whether it is completely fraudulent will come to light sometime soon, I reckon.
This whole thing smells of blatant manipulation. He issues this report and then notes that he has a short position in the company. Then after he releases a damning report, BOOM! a bazillion lawyers come out and are soliciting people to join a class action lawsuit. The timing is ridiculously suspicious.
Anyway, I see this thing is hitting the skids at sub $6.50. I guess time will tell if RINO has the legs to recover. I suspect it will, like Orient Paper (ONP), the last company Muddy Waters condemned- but to what extent will be largely dependent on RINO's numbers and transparency for 2010 4Q and 2011 1Q. And the truth is, even though RINO files with the SEC, they are located in China and a lot of the supporting documents are in Chinese (as Waters shows), they have an easier time concealing their assets, cooking the books, faking contracts whatever- and to a certain extent the Chinese government, being a new player in this global capital market, is a wonderful accomplice. So perhaps a lot of what Muddy Waters says could be true
Who knows. It will be interesting. I made my money in this a while ago and have a small interest in this now, so I'm not completely damaged by this- but stuff like this irritates me.
Yep- shit hitting the fan hard. Oh well. Worth watching though. Earnings are down, but not the end of the world. How they handle the Muddy Waters bs will bea real sign if management has its act together though.
Bought some December $11 calls. There's decent value here. If RINO can allay shareholder fears on their 11/16 conference call and strongly refute the Muddy Waters nonsense, a quick rebound to $14 territory is not out of the question.
I think it's a decent low risk proposition IMO.
RINO starting to get some nice buzz again in the big media publications. Always nice to see.
http://www.forbes.com/2010/10/15/china-picks-buffett-markets-equities-value_slide_3.html
Man this is looking nice again. Wish I still had my calls. Would like to see it hold this PPS for a few days.
Yeah this is a nice one. The $13 and $14 options were also good for a few pips too. It channels here nicely.
Received DKII round-ups in E*Trade, Low Trades and Scottrade accounts.
That mariner thing was bonafide garbage. I think they made some sort of audible maritime safety device- somethinkg like a kazoo glued to a life raft.
I'd like to see it go to da moon like JDMO/RINO, but I am guessing it settles in at a more modest PPS around the $4-$7 range. This is just a wild ass conjecture though.
It doesn't have the sexy pedigree of being an environmental and/or Chinese company. It's a medical research company, albeit with interesting studies in the treatment of atherosclerosis.
Zecco has delivered round-ups today, fyi.
Kid Castle Educational Corp.- I got that last weird order at the end of the day at .13 (3463 shares). Was hoping for 4999, of course.
New symbol: KDCED; + 1-5000 R/S immediately followed by 5000-1 F/S; cashing out fractional shares at $0.18 per share
http://otcbb.com/asp/dividend.asp?sym_id=KDCE&dDate=5/3/2010&sDateType=ex_date
Kid Castle Educational Corp.- I got that last weird order at the end of the day at .13 (3463 shares). Was hoping for 4999, of course.
New symbol: KDCED; + 1-5000 R/S immediately followed by 5000-1 F/S; cashing out fractional shares at $0.18 per share
http://otcbb.com/asp/dividend.asp?sym_id=KDCE&dDate=5/3/2010&sDateType=ex_date
Got some May calls for RINO at .30. The chart looks decent. Some minor dilution, but a pretty solid share structure.
chart
Picked up some May calls at .30- seems like some good value here.
If I could short penny stocks, I would be a gazillionaire 19 times over.
.0014/.0015
FLUSHHHHHHHHHHH
.0018/.0021. Relp!
Can't say I'm completely shocked. The rise to .003 territory was a little too quick. My paper profits could all vaporize in a matter of minutes, but it was fun while it lasted.
It does appear to be behaving like a low float stock, which is good when there's interest at the ask, but lousy when there's a flurry of dumping (as we're seeing here).
Welcome to the wild world of pink sheets!
.0031/.0032. HELLLLLL YES!
.0017/.0019. Weeeeeeeeeeeeeeeeeeeee!
Buddy boy- this garbage is looking good today. I won't hold it for long, but we might have something here.
YEAHHHHHHHHHHHH .0017s on deck :)
YEAHHHHHHHHHHHH .0017s on deck :)
.0009/.001 today.
I have had this shell for a couple years. I bought a bunch at .0002 a long time ago, sold a few during the last spike in November but still have a healthy batch of this...
There is no current information on this puppy. My understanding is that this currently registered in CA, but I'm not even sure about that. Still, it's a very clean shell- and should be attractive to someone who would ever want to perform a reverse merger.
This is my lottery ticket. This recent activity has got me intrigued...
FYI- I called the transfer agent. They were not authorized to give me a a current a/s or o/s. The T/A gave me a number (different from the one on pinksheets). I called it and it was disconnected. I called the number on the website and pinksheets and a woman answered. As she picked up the phone, she was laughing hysterically, but did answer "Riverdale Capital". I asked to speak to someone who had information regarding the share structure of the company and naturally, I got an answering machine.
Also check out the PR below. Phil Kueber's been dead since November. Funny- no PR about that, eh?
In summary, this thing is a piece of garbage. But I bought some at .0004 for giggles.
KUEBER , Philip Thomas Died peacefully of heart failure early Monday morning, November 23, 2009. He was 75. Phil was born November 17, 1934 in Galahad, Alberta. He entered UBC in 1952 and alongside his academics, he took up rowing and became a member of the "Cinderella Crew". This crew was noted for their gold medal win at the 1954 Commonwealth Games, for defeating the favored Russian crew at the 1955 Henley Royal Regatta, and for securing a silver medal at the 1956 Summer Olympiad in Melbourne. Phil graduated from UBC Law School and moved to Calgary in 1958, where he practised corporate/securities law for thirty-five years as a partner at Howard Mackie. In particular, he excelled in his knowledge and execution of oil and gas law, and served on many boards over those decades. In 1979 he was appointed Queens Counsel. For his athletic achievements Phil had been inducted into the Canadian Amateur Sports Hall of Fame, the Alberta Sports Hall of Fame, the BC Sports Hall of Fame and the UBC Sports Hall of Fame. Athletics served him well, and he served in return, including fifteen years as a Director of the Alberta Sports Council, a founder and first President of the Calgary Rowing Club, President of the Alberta Rowing Association, and President of the Alberta Gymnastic Federation. Phil loved going to the thoroughbred horse track, and for years was part owner of "Par 4" stables. The twinkle in his eyes, when able to beat the "odds" is indescribable. He was proud of attaining a hole-in-one, though Phil retired from golf years ago in favor of walks through his local Victoria, BC neighbourhood. He is survived by his loving wife and best friend Roswitha, their daughters Tawnia and Emilie, and stepsons Chris, Mark and Michael. He is survived by sons Phil Jr. (Christa) and John (Katarina), daughters Kathryn and Heidi (Richard), and by his first wife Eleanor. Grandpa Phil is also survived by eight grandchildren. He was preceded in death by his older brothers George, Bernard and Joseph, and sister Frances. His family will miss his sharp wit, his big laugh, and his fondness for recounting stories. He passed his love for completing the Sunday crossword puzzles on to posterity. Despite his dislike for pomp and circumstance, his Funeral will be held on Monday, November 30, 2009 at 2:00 p.m. at St. Andrews Cathedral, 740 View Street, Victoria, B.C. Reception to follow at the Victoria Golf & Country Club. In lieu of flowers, donations may be made to any area Scotiabank branch, to be used to fund an RESP for the benefit of his youngest daughter, Emilie.
Could someone post an L2 snapshot please. Thanks!
I think this is a long ways away from a big powerful run until the bid gets some strength. Anybody wanna post a Level 2 snapshot?
Just needs some more volume and some bid strength and she'll move nice. Keep in mind that gap at .0092 on January 7th. It needs to be filled, technically speaking...
.0066/.0067- the volume is getting solid. The daily and interday chart looks ready here...
He was pretty awful, but so was the interviewer. I'll give him a pass on this one. I don't think this interview helped one way or the other.
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