Replies to post #2479 on Physician Healthcare Management Group (fka PHYH)

[crackerjack]

I read that. I am not as insurance savvy as some, but is my understanding that an insurance company has to have so much in holdings in order to be licensed and write policies. Obtaining the investment backing seems normal business practice. Someone else may be able to better clarify. Remember, PHYH is in the beginning stages. So far, the CEO seems to have done everything he said he would do, to include keeping investors informed. Hopefully, we'll have a PR soon.

(taken from last PR)

3. The company is aggressively seeking private investment for the capital surplus, estimated at $2.5 million, necessary to implement our initial Phyhealth Plan. These funds are a prerequisite to applying for and obtaining the Phyhealth Plan’s Certificate of Authority to operate as a licensed Health Maintenance Organization (HMO).