Community Health Systems, Inc. (CYH)

[mrholty]

There are plenty of CVRs that do not pay out or pay less or take much longer to pay. That said there is often a good payout for smaller investors because its frankly not worth the time for the larger guys to deploy capital.

That said, I read those two filings from the North Carolina office yesterday. Each is about 2 pages and generally the same. There is no actionable facts in there other than that they came to a full settlement between the state of NC and Emcare. Remember EmCare is not part of our CVR but they are basically a second defendant moving along with us. Its where we got news when John posted last December about that settlement.

To me its just another signpost that things are wrapping up. I'm hoping that this is the first of many breadcrumbs and hopefully a few of them have some more details.

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I was going to listen to the status meeting on the 20th that got cancelled. The notification of the cancellation was not surprising to me as I it came 2 days after I registered to listen to the call and 1 day after an associate from the judge called me and wanted to know my relationship and interest in the case.

I have no proof but I believe that the judge did have a scheduled call with the lawyers but it was private as I never got a cancellation of the meeting only a cancellation of the phone setup. (You usually get 1 for each).

Like others I expect the Sept 4 release to be vague but I regularly check nightly to see if there are any new filings as I expect finalization before the end of Q3.