Apollo Healthcare Corp Warrants (03/01/2022) APHWF

Ownership

[zalmonella]

Finally looked up ownership a bit more closely: Wachsbergs now own 38M shares (52%) with 683 Capital Management at 10M shares (14%) and Anson Funds at 8M shares (11%).  We are the tail of the dog. I wish I could tell what the shares were purchased for - the problem is through successive rounds of financing and sales of assets that so many shares were given away at unrealistic prices that it's impossible to tell.

[cpeczek]

Thanks for this info. It seems like 21% of the shares are responsible for these wild swings. If buybacks continue we will see that reduced to 17% a year from now.

[FinnishFlash8]

Anson is dumping their shares. That 8 million was the situation at the end of July. They had sold 22% (2,3 million) of their position to that date from the previous. According to tickr.com. 683 had been adding to that point.

[gary7789]

AHC is a worthless company (or worse) as long as current leadership stays & they aren't going anywhere. They have burned just about every important relationship possible with all stakeholders. It is going to be a penny stock. Too bad. I had hopes they would leverage the COVID gift they were given. But they did the opposite. Nobody wants to deal with them.

[FinnishFlash8]

Do you have information to back this or these just your personal opinions?

[gary7789]

yes but I won't be writing it down..

[FinnishFlash8]

Of course

[gary7789]

you don't need to believe me. Just look at the at the stock price, talk to key employees & vendors & US key customers.

[cpeczek]

Have you talked to the vendors, customers and employees? Could you give us more info? It feels like you are emotionally basing this off the stock price but there are many times when a stock price becomes disconnected from reality. If you bought at $4 or $5 you may be waiting a while to get back there but $1.88 is ridiculously low for a company looking at 30 cents annual EPS a share. Whoever told

[gary7789]

I accumulate from 65 cents to just under $5 despite being warned. After May 6, 2021 Q reporr & doing more networking I reduced my position by about 75% over a couple months. Tax reasons & hope (emotion) are the only reasons I still have some as a speculative long shot. If you don't believe ur eyes when you look at the chart, ask yourself this "how does a company that makes

[cpeczek]

Since then several other companies have recalled sanitizer: https://healthycanadians.gc.ca/recall-alert-rappel-avis/hc-sc/2021/75267a-eng.php. I guess it comes down to mistakes were made. I saw their sanitizer being used at my local Costco for customers coming into the store and saw it on shelves. I saw their products at Superstore last week. The products are still stocked. I think their biggest

[gary7789]

that's good news if they are still listed in the US. I am interested to find out what has happened to hand sanitizer margins over the last 12 - 18 months. I suspect that they have dropped to almost zero as there has been oversupply/high inventories for the past 6+ months after all kinds of companies outside of personal care (eg. breweries, distilleries, etc) got into production. As for the

[cpeczek]

I saw their product listed in Costco and being used as the sanitizer for customers just last week. I wouldn't call them a mid or high tier maker, they are budget brand in my mind. I don't think they damaged their public reputation because the public isn't very aware of their brand. I do agree margins are very low at this time. There is a huge oversupply and a lot of sanitizers are

[gary7789]

hope you are right for the sake of many of us & most importantly, for some people I care about who would be badly affected if the company failed. Many have lost their jobs already there. The stock price action looks like it has been telling us there are really big issues for all of calendar 2021. I suspect they are now burning cash quickly just funding core operations. We may see that when

[zalmonella]

Ya, screwed up they have.  It was actually tough doing the hand sanny - industrial isoproyl alocholo was still fairly readily available across Canada and US (barring transport problems) but medical grade isn't made in too many places, and you can't just start up a medical grade facility just like that.  It's not the equipment, it's the inspections and processes and nobody

[gary7789]

anyone know if there has been any insider buying or selling lately or if they have been buying back stock to the maximum of their authorization? Hard to imagine what this stock price would do if they weren't buying back any stock, and if they aren't, at what point do they think the stock price is too low. Earnings are due shortly and it seems to me based on the price action that its

[cpeczek]

The September numbers should be released this week. I will check it and report it here when it's released.

[zalmonella]

The September numbers should be released this week. Is that sales numbers you're talking abou>?  The accounting report wont be released til mid-November. And the fly in that ointment is that none of these interim statements are audited.

[cpeczek]

No, the NCIB. It has to be released within a certain date as an insider filing. The August buybacks were strong but started late. I will check it every day and let you guys know the numbers.

[Jimmycash]

No August share buy backs, little insider activity since management dumped almost $2M shares when stock peaked above $5 back in Dec, Jan. Small buying in deferred shares starting in April but im matterial. Having said that Insiders (8%) and 10% plus ownership (48%) stands at  around 55% so not surprised to see little buying.  Re INK Research Having said that it is hard to go broke when

[Jimmycash]

Actually 46% of 10% holder are the brothers CEO's

[kboorman]

In August 2021 92,310 shares were acquired and cancelled. In September 2021 76,288 shares were acquired

[Jimmycash]

where did you get your info??

[Jimmycash]

I pay $1K per year for INK Research link.....nothing in sept, 0 in Aug

[Jimmycash]

No issuer buying or selling TTM

[Jimmycash]

Estimated Insider Equity Bias   ? (Oct 5, 2020 to Oct 5, 2021)   Value & Number of Insider:   $ Buying # $ Selling # CEO 0 0

[kboorman]

I get my info directly from Sedi.ca, here's a screenshot. May wanna yell at INK Research if they aren't able to give you this publicly accessible info.  If you wanna reproduce this search result follow these instructions: 1. go to Sedi.ca 2. click English 3.click access public filings in the top right corner 4. click view summary reports on the left hand side 5.click 'issuer

[Jimmycash]

Thanks...will call them tmmr!

[cpeczek]

Came here to report this. Buybacks are not being taken advantage of. It's odd because they were buying back strong on the last week of August. Doesn't look good, but doesn't change the valuation is ridiculously cheap.

[gary7789]

it now seems to me that they are running the price down, probably to below $1.00, to take it private. Anyone who thinks this tire fire of a company is cheap is going to keep taking a bath. 

[cpeczek]

I agree on that motivation. I wonder how that private equity firm that bought a 10% stake in the low 3s feels. By all metrics it is cheap and about a quarter of the market cap is backed up by cash. But is this company investable with uncooperative management? That's really the question. I will hold through and see where it goes.

[gary7789]

probably means Q3 results are very bad and they are burning through cash daily from operations. If that is the case, the stock will get trashed in November when they report. 

[zalmonella]

anyone know if there has been any insider buying or selling lately or if they have been buying back stock to the maximum Volume's been higher in the last 5 weeks but that said, still only about 50-60,000 a day.  If it's true as Finnish Flash suggested that Anson is selling, it could be that AHC is buying that up, though the decline in price tells me it's a futile effort if it

[gary7789]

AHC isn't swinging. It is going almost straight down into the ground