Tuesday, January 17, 2012 8:22:28 PM
http://www2.tbo.com/news/politics/2012/jan/11/1/florida-house-subcommittee-passes-insurance-reform-ar-346182/
The majority of SPIN's growth is coming from the Tampa and Orlando markets. If you were to look at the top 10 cities for auto insurance fraud (in which pain clinics most certainly play a role), Houston, Tampa, and Orlando are all present. While the Texas market would not be impacted, SPIN's revenue generation ability in Florida would most definitely take a hit if the proposed legislation is passed (and it likely will pass, since the bill was proposed by Republicans, and Republicans hold a significant majority in both the House and Senate in the state of Florida). While there are many theories regarding the recent PPS weakness, this proposed bill probably played a role (as the PPS began declining the day the bill passed the subcommittee).
I am still long the stock (bought 3 months ago), and believe in the business model, but wanted to hear any other opinions on this legislation's potential impact...
Recent BTTC News
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 06/12/2024 08:30:23 PM
- News of Multi-Million Dollar Solar Project Sale Sending Shares Higher in Afternoon Trading • AllPennyStocks.com • 06/06/2024 07:50:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:30:21 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/22/2024 12:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:31:25 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/10/2024 11:08:52 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 10:10:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:30:30 PM
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM