And incidentally they've put a lock out on their own employees to keep them from bagging their so called "options" and tanking the shares. Everyone is getting hosed here. If they sell that company for more than 20Mil it will be because someone wants the sweet heart lease deal they have in down town Chi
What value? They haven't signed any meaningful contracts in over a year. They have a new CFO who came from a popcorn company, the corporate attorney bagged out of town, no one in healthcare will touch them with a ten foot pole, the only real customer they have is a 205 Stakeholder in the company and even they aren't giving the company any new business. The only book value they have is some old laptops and software that's either "partner relationships that they rent, or ten year old design that everyone in the free world can get with any other vendors patient accounting solution. The 200 or so million in cash they USED to have was pre paid revenue since their model requires hospitals to pay them 90 days in advance. Sheez people, wake up and smell the outhouse. Spraying fegreeze on this dung isn't going to make it a viable company. Who would buy this sack of trouble?
The laptops are worth about $1.00 a share. Maybe. Good luck.
The company can't even produce a set of audited financials,,, and your shilling it for a buyout? Multiples of what? Expected legal bills to fight the Mongol Horde of attorneys that are filing a dozen law suites a day. This company gets an extension to come up with some financials so they don't get de-listed,, and it bumps %5 on THAT news. Lol,, There isn't ONE born every minute,,, It seems there are thousands born every minute. .