Ford29 I think you're right, Web site says the IPO was "postponed & strategy to go public changed".
Who has positive & verifiable information that the IPO "failed" or is this again conjecture on someones part? I don't understand people not completing the slightest amount of DD before attempting to knock this company down. Not saying they are always wrong, but please inject some common sense DD here that we can wrap our hands around. I suggest everyone here reads Henry Jan's entire letter on Healthcare of Today's website.
Here's what I found:
The following verbiage appears in the April 14 letter from Henry Jan on the Healthcare of Today web site, it is only a small section of the overall letter. I've taken the liberty of underlining the most pertinent sentences to this discussion:
"As prepared as we were to move forward, we faced many unexpected challenges during 2009. Last year, we contended with dissenting shareholders of potential target companies; acquisitions we had invested time in that ultimately could not be completed; a deteriorating economic environment; and an investing public that had become increasingly weary of the IPO market.
At the same time, many positive things took place as well- our healthcare network grew larger than even we had ever anticipated and was expanded beyond healthcare services to include healthcare business services and consulting, biotechnology and life sciences, medical devices, IT, energy, and international pursuits, among others. While this was thrilling, these additions required an increased number of audits to be completed. Hence, our ability to go public had to be postponed, and due to the new size of our organization, our strategy to go public subsequently changed.
I am sending you this letter so you can follow along as we roll out our plans and take our next steps together. For the avoidance of doubt, Healthcare of Today does intend to become a publicly traded company as soon as possible. However, rather than going public in one IPO, Healthcare of Today, Inc. plans to go public along with five subsidiaries , each representative of one category of our holdings".
Hope that sheds some light on the current situation.
AI
