"Also - some Shareholders have actually gone too far and made Appointments to test if a Clinic is a Scam or not but then did not Cancel or show up for the Appointment."
I call BS on this. How do you know shareholders have made fake appointments? When making the appointment, did the persons identify themselves as shareholders?
"some Shareholders have actually gone too far and made Appointments to test if a Clinic is a Scam or not but then did not Cancel or show up for the Appointment. "
Another reason why this is BS...when making an appointment with, you will likely need to provide a credit card. If you fail to show, you are still charged for the appointment.
" and he expressed frustration at the excessive DD of some Shareholders that is actually causing a loss of revenues for PAOG. " PAOG has poor revenues due to a lack of patients. That's why the stock is selling off and will be firmly under a penny soon.
Hey everybody! Guess what? No record revenues for the next quarter, guaranteed! You shareholders just screwed that up!
Ive been preaching the whole time that their past affiliations with the crooks who ran those previous companies would be a problem. Guess that caught up faster than anyone would have expected!
Never in the history of the otc has a company ever blamed its own shareholders for tanking profits!!!
I spoke with a person in IR for RSII yesterday - who is also an Executive of PAOG - and he expressed frustration at the excessive DD of some Shareholders that is actually causing a loss of revenues for PAOG.
One of PAOG's Affiliates in Florida - Green Cove - has quit the PAO Group because too many Shareholders were calling the Clinic to question if it was a Scam. This Clinic has been removed from altmedcenters.com.
Also - some Shareholders have actually gone too far and made Appointments to test if a Clinic is a Scam or not but then did not Cancel or show up for the Appointment. The Company still has to pay the physician for the Appointment when it is not cancelled.
PLEASE STOP DOING THIS or you may one day find you are the Shareholder of a PRIVATE COMPANY.
How exactly did they determine it was a shareholder that made an appointment and never showed up?
No such thing as "excessive DD" when it comes to deciding where to invest your hard earned money.
That one Clinic that bowed out wasn't the one involving Robert Weber's close friends was it? I could see why they might bow out if the SEC or FINRA started asking questions. Especially about those kickback fees someone mentioned was going to the clinics.
Just like in goods based businesses there are returns.
And in service based businesses there will be late cancellations or no shows.
As long as their making enough successful appointments compared to loss due to cancellations. It shouldn't really be an issue. If their not. Then they need to do more marketing. To reduce the percentage and stay profitable.
I am sure the CEO accounts for such things. IR person may not be a business person.
Sure it may hurt some profits. But not enough to make them go private. lol.
But I understand your intentions are good. It's just successful businesses should already account for such losses.
As we all know we can't control people and what they may do.