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Alias Born | 02/08/2011 |
Saturday, November 17, 2018 8:49:30 AM
All that has happened is that the CEO has been removed.
Has anyone bothered to check out the incredible credentials of the Board of Directors?
Any one of THEM could immediately step in as CEO of this company
As far as fundamentals, the stock was trading at a dollar because it DESERVES to trade at a dollar or more
They have 24 cents of CASH on hand, over $7 million. Just using a basic 3x - 4x factor shows that it should be trading at a dollar on the CASH BASIS ALONE.
And that disregards all of the facitlities, equipment, and services that they are providing
Look at the chart, this "massive" run from a dollar to 3.40 (sarc), happened back in 2014, almost 5 YEARS AGO!
The release of yesterday's 8-K shows that the board is on top of this matter
As for the stock being revoked, under what pretext?
I can understand if this was a grey sheet or a non-reporting piece of junk. This is a fully reporting company listed on the OTCQX, and it always has been.
Watch for news early next week about the hiring of a new interim or perhaps even permanent CEO
Do not fall prey to the fear.
This company has not fundamentally changed one little bit
I am personally betting that this stock will be back to a dollar before the end of the year, and perhaps sooner
FCHS will continue on, regardless of where Romandetti winds up
The statement about the stock price and timing of a new CEO are IMHO
The statements about the fundamentals of the company are FACT
GD11
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