MDF:
Anyone do any analysis of the 10Q yet? I must say that the PR is exactly what I had hoped for as a best case scenario. My quick look at the 10Q further reinforced that opinion and I particularly liked the quote below. To think they were able to grow revenue, improve MER, and expand the HMO to 3,500 while still increasing cash flow and net income is pretty impressive. If I read the PSN and HMO revenue breakout it appears that we are 2/3 of the way to HMO breakeven. Am I reading this correctly? The wisdom of this esteemed board would be much appreciated. I certainly plan to buy more.
Mat
The Company anticipates that, for at least the next twelve months, the HMO's ongoing development efforts, reserve requirements and operating costs will be funded by the Company's current cash resources and projected cash flows from operations, and expects to lose approximately $3.0 million to $5.0 million in 2006 for this continued development. The HMO has filed expansion applications for several additional Florida counties. While no assurance is given that approval will be granted to operate in any or all of these counties, the Company has been investing resources in network development efforts for this expansion. Enrollments in these new markets could begin as early as January 2007, with marketing and sales efforts commencing in late 2006.
AI
