Cant make a ton of money here since company is so tiny but can certainly double your money over the next 1 day to 12 months. The good or bad thing is that my guess is it will happen in one step in one day....or not.
I tend to agree with your assement. I fail to see why they didn't offer everyone $1.50 and forget the $100 bonus to go along with it. I have held this also for 2 1/2-3 yrs. and have watched them sell from 7 or (8?) hospitals down to 4. I thought for sure that they would branch off into nursing homes and cluster them near those 7-8 hospitals but I figured wrong. I wonder why they don't bring in someone with money to finance the expansion. Hospital licenses are not easy to obtain
Yes, you are correct. They have quite a few issues going on that relate to their low stock price. The bottom line with SSY is that they need to stop living in a fantasy world, and sell out to a larger hospital chain. They will get a nice payday for themselves, and take care of their shareholders in the process. Any thoughts that they are going to become a successful small hospital/pharma company & buy out their shareholders to go private is fantasy. I've held this stock for three years. It's time for them to stop jerking us around and let us all get out of this deal for a minimum of $2.50/ share. Everybody wins, and they stop wasting everyone's time. Their bid to "go private" is nothing but an attempt to get rid of all of us before they sell out. No one should sell for less than $2.50, which is in line with their book.
I would imagine that management must be facing the pressure of a delisting threat, which would make things worse for them. I don't know the rules exactly, but the PPS has been below $1 for a while now. A reverse split would get rid of that problem, but would potentially raise the number of odd lot shareholders, which would complicate another attempt to buy them out (same number of shareholders, but with fewer shares each). The upside is that, with volume typically low, a few insider buys would easily get the price of the current share above a dollar, just to check the block. It will be very interesting to see what their next move is, but it seems obvious to me that they have to do something, probably before the next earnings date.
not sure that works...its who owns less than 100 shares total...not if you buy in blocks of 100.
They either pay us a fair price or they can shove them up their #$%$. What have we done to deserve this drama ridden Health Care Company. They should be investigated by the OIG, RACs, States and SEC.
According to yahoo insiders control 65% of this stock. I know yahoo's numbers may be off but the top outsider owns less than 3%. Book value of almost $4 and and offer to buy odd lot shares for what amounts to over $2 per share and the stock is still under a $1 ?
A 1 for 100 would accomplish what the odd lot offer did not...except it would not be voluntary. To avoid litigation they will prob do a straight tender, but a 1 for 100 is an option mentioned in the original odd lot offer.
oblio, I never thought of that possibility but you might be absolutely correct. They could do a 1 for 10,000 or 1 or 25,000 and accomplish their goal. Though there would likely be some challenges and litigation since they have been so straightforward with their intent to steal the company. Thanks.
a reverse split would create owners of less than 1 share...then all owners of less than 1 share would be automatically cashed out at market value...thereby reducing the # of shareholders
According to yahoo insiders control 65% of this stock. I know yahoo's numbers may be off but the top outsider owns less than 3%. Book value of almost $4 and and offer to buy low shares for what amount to over $2 per share and the stock is still under a $
I think there were competing thoughts in that one statement, poorly expressed. Obviously, a reverse split would do nothing to reduce the number of shareholders. Maybe they have a concern with being delisted, due to the low PPS? A higher PPS might look better to better potential investors or partners? I agree with the intial post. I've been in this stock for several years, at different price levels. If they want to buy me out, it will have to be in the $2- $2.50 range. I still think these guys are trying to position themselves for a lucrative payday on a private sale.