CloudMD Software & Services Inc DOCRF

Ottawa Hospital sign Cloud MD

[leclad5]

Hey all. I live in Ottawa and the Ottawa Hospital is actually all of the Hospitals in Ottawa. It is a huge company. Campuses are giants. The General, the Heart institute, the Civic, the Queensway Carleton, The Montfort and CHEO are all part of the Ottawa Hospital. So the news today is actually a lot bigger than it sounds. They actually have a huge database of clients from the previous provider so they will explode with business if they can do this well. 

there's hope yet. 

https://www.newsfilecorp.com/release/200391/CloudMD-Signs-MultiService-Contract-with-The-Ottawa-Hospital

[tankumo]

Thanks for sharing!!!!!!!!!!!!!!!

[horseshoefalls]

Huge News here and people are basically yawning at it.  I think it will take a couple quarters, but once the financials are in order (and this clearly helps with negotiating a new deal) we see revenue increase, the stock will start trading at a more reasonable valuation.

[lscfa]

Cash burn rate is $2M/qtr

[horseshoefalls]

I wish you told us this earlier so I could've got out.

[Kavoli123]

What is a reasonable valuation in your view ?

[blackbird]

Phoned cloudmd at end of april to talk to investor relations person.He said ,"only in his opinion", he believed the loan re-negotiation in  June with their bank should go through without problems.(this was his opinion only since he can't give advise to buy or sell.) But a positive ,optimist,view was great to here.

[blackbird]

Any ceo who refuses to do a consolidation of shares is #1 in my books.A share consolidation would only increase the price of the stock,not to find more instutional investors,but to allow the stock to fall still faster and further. (in my opinion.) I was very pleased to see Karen turned this motion down! I believe Karen owns shares also.This move and the fact cloudmd has a good chance of

[Mapleleaf57]

just FYI she wanted to consolidate shares, it was the stock holders that turned it down,

[blackbird]

Thanks for your reply.I did not read any of the meeting details.You sure karen was for a consolidation of shares.I just assumed it was one of the directors that wanted the proposal voted on.I thought if it was the ceo who wanted the consolidation it would of passed.My mistake.

[horseshoefalls]

I think the insider ownership percentage at Doc is pretty miniscule last time I checked.  In fact it's quite frightening how little skin in the game they actually have. 

[blackbird]

meant end of feb.2024 in last p[ost.