A Little Imaging ... A Look Inside BEDA
or
Transparency Leaves a Skeleton
Up front, let me say that I no longer hold any stock in BEDA, nor do I intend on buying a plugged-nickles worth..
Don't assume this is going to be sugar-coated, because it certainly is not, but read to the end or suffer the consequences.
Where to begin?
Since this post should have a material effect on the PPS, would the last person to leave please turn out the lights?
Even with huge volume, the number of Outstanding Shares has not changed, only the float as restricted shares have been turned into trading shares.
Who was it that sold? Former employees? Well, it couldn't be current employees - unless you count the management - because who else is left? Their clinic is CLOSED, so I guess that answer be ... NOBODY?
But why would management sell at these levels?
Unless they are just lining their pockets before the BK.
And why didn't they sell some of the billions of Authorized Shares a few months back when the PPS was much higher?
They could have used the proceeds to pay back judgements from JPM Chase: $160k, First Bank: ?, suppliers/vendors: $130k, and an equipment finance company: $600K (they sold the equipment ... so, why not sell some stock to pay for it).
Speaking of equipment, how can they elude to re-opening a clinic if equipment has been sold?
The clinic on Kirby Rd, which housed Lumar Imaging, Diagnosis & Reliant, which we know is closed, was located in a strip center ... miles away from - not inside - the huge, world famous Texas Medical Center complex in Houston.
Their new rent-a-suite (BEDA world headquarters), complete with shared receptionist & conference room, at 710 N. Post Oak Rd, Suite 400 Houston, TX 77024 is even father away ... much farther.
The supposed consolidating over the past months that everybody keeps referring to was nothing more than nobody willing to buy after EVERYBODY sold out when it was discovered that BEDA had shuttered its only location producing receivables.
No, I doubt that BEDAs most recently acquired - but now closed - medical diagnostic imaging centers were really centers at all because in these parts, a center implies a hitching post big enough for more than one horse.
In my opinion, what they did get were companies about to die in exchange for near worthless stock ... not what I'd call a growing concern of much interest.
As the entire float could have recently been had for well under $150K, rumors of any interest from G.E. is just crazy.
Why would any company want BEDA when the only 'blue sky' they purport to have is a list of referring physicians that they abandoned when they closed their clinic.
A list G.E. could easily duplicate from available medical directories, and do so without the new baggage the closure must have caused.
And anybody who thinks this stock is worth having because of an inevitable short-squeeze of the MM, doesn't know NITE very well.
Heck, they'll likely just start a massive FTD and your brokerages will certainly put BEDA on a 'No Buy, Sell Only' list, then you'll all be stuck, but good.
At this point in time I ask, has BEDA truly positioned themselves well?
If acquiring Texas Mobile Health - an entity that is not in good standing with the State because it has not satisfied simple franchise tax requirements - which has an unlisted phone number and a house address listed as it's official address with the State of Texas, then I'd have to say yes.
My opinion is that BEDAs announced plan to increase its transparency is no longer neccessary.
Am I right?
Come on, surely you can see through these guys!
Rafter, joenatural, lazyeye, and machcobra did ... are they smarter than you? or did they actually do some DD?
AI
