RE:Why the big drop today?alkhor wrote: It has been creeping down over the past few weeks but today a 15% drop. Is news leaking about the missing financial statements? They still haven't released the 3rd quarter statement and now the 4th quarter and annual statements are due.
I made a gamble and bought a few more shares today. Last time the shares were in the dump like about 10 years ago a loaded up, it took a few years but I made a good return at $6 only to watch it make close to $11. Hoping it will be deja vue all over again.
They missed a loan payment and their credit interest rate was increased by 2% and . Why can't they make these payments? Isn't the last quarter the one where they traditionally bring in the most dollars? Nobilis needs to update their shareholders with news or everyone is going to bail.
https://fintel.io/doc/sec-hlth-nobilis-health-8k-2019-april-05-17991 From 8-K
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
As previously disclosed, on March 1, 2019, Nobilis Health Corp. (the “Company”), an indirect subsidiary, Northstar Healthcare Acquisitions, L.L.C., as Borrower, and certain subsidiary guarantors (together with the Company and Borrower, the “Loan Parties”), entered into the Fourth Limited Conditional Waiver (the “Waiver”) with respect to the Company’s Credit Agreement dated October 28, 2016, as amended (the “Credit Agreement”), with BBVA Compass Bank as Administrative Agent, LC Issuing Lender and Swingline Lender, and other lenders party thereto (the “Lenders”). The Waiver had an effective date of February 28, 2019. Pursuant to the Waiver, the Lenders agreed to a limited waiver of certain specified defaults with respect to certain financial covenants and certain restrictions on Restricted Payments made to non-Loan Parties (collectively the “Specified Defaults”). As a result of the occurrence of the defaults cited in the notice described below, the Waiver automatically terminated, and the Specified Defaults (and any Disputed Specified Default (as defined in the Waiver) that is determined to be an event of default under the Credit Agreement) sprang back into existence.