Bad News in Good NewsThe Good News:
- collected another $100k in written off receivables from 2016 & 2017
- to be cashflow positive in March, April, May & June
- Gained a
- looks to regain procedures lost to covid in 2020
The Bad News
- procedures were 50% of norm for March and April
- Louisiana insurer not coperating on $7.0M worth of receivables
- going to the market again with debentures at a lower valuation than the last 4 tranches
Assure's share price has been increasing on exceptionally low volume (sometimes as little as 200 shares/day) - not giving good enough liquidity. And if Lousiana is just 7M, what would happen if the parent company withheld all claims against Assure. 900k doesn't make up for the 7M (and potentially more) that's being withheld.
I'll sit this one out.