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Bullboard - Stock Discussion Forum CloudMD Software & Services Inc V.DOC

Alternate Symbol(s):  DOCRF

CloudMD Software & Services Inc. is a healthcare service provider. The Company operates through two divisions: Health and Wellness Services (HWS) and Health and Productivity Solutions (HPS). HWS operates through two models: subscription-based pricing using a price per member per month with an average contractual term of three years; and a per-case billing model at an agreed-upon rate for... see more

TSXV:DOC - Post Discussion

CloudMD Software & Services Inc > Proxy Vote is due by Dec 12th CALL YOUR BROKER
View:
Post by Tuatara on Nov 14, 2023 10:34pm

Proxy Vote is due by Dec 12th CALL YOUR BROKER

YOU need to vote AGAINST 6. Share Consolidation.

DO NOT give the BOD the right to consolidate oue shares 30:1 and then do refinancing and or an acquisition. IF YOU ALLOW THIS, THIS WILL DECIMATE YOUR INVESTMENT.
Comment by Dartmam32 on Nov 15, 2023 5:32am
Are you kidding? Are you happy to see a 11 cent stock forever? We need to consolidate.  It will not change the fundamentals. It will give DOC a chance to buy an American company,  increase revenue and list on the Nsdq or Tsx. it's our only hope to get some action going in this stock. Otherwise we stay at 10 or 11 cents forever. Don't get lost in the simplistic math that your 30 ...more  
Comment by KrapShoet on Nov 15, 2023 7:10am
Quite simply they dont work. Post examples of where it has worked. Instead of a reverse split how about we get sp appreciation the old fashion way.we earn it through revenue growth and a move to positive earnings. There are no short cuts. Vote against a reverse split.
Comment by Dartmam32 on Nov 15, 2023 7:22am
Don't be foolish krapshoet. It only does not work if a company is going bankrupt.  That's not the case for CloudMD.  They will be profitable and they are doing this to grow in the US  and to get a listing on a bigger exchange.  Penny stocks are dead. No institutions are buying penny stocks. I would rather have 1,000 shares at $10, $20 or $30 than 30,000 shares at 10 ...more  
Comment by Dartmam32 on Nov 15, 2023 8:28am
A good example is Bombardier.  It was 80 cents when they consolidated 25 for 1. The stock went to $20 on the consolidation. A year later is was $72. Once institutions get involved anything can happen.  The secret  is that the Company needs to be on a path to profitability.  Trust me, I would not be in favor of this if I thought it was all bad. My 3 million shares will drop down ...more  
Comment by Dartmam32 on Nov 15, 2023 10:11am
You can vote against the consolidation and the stock will go back down to 11 cents or you vote for and we have the opportunity to bring out the true value of DOC. 
Comment by butchtennis on Nov 15, 2023 10:47am
It worked for Patient Home Monitoring(PHM)....at one point PHM traded near $2.00...it got trashed all the way down to 13 cents...the company was split into two...Viewed and QIPT....both had a stock splits...3 to 1 and 10 to 1....since then, both quadrupled....so yes, stock splits are very beneficial to a company....reduces share count...easier to justify raising cash.
Comment by Tuatara on Nov 15, 2023 2:43pm
This just reads as "HOPEIUM". Most of the time it ends badly for investors two ways 1) market views consolidation as a sign of significant weaknesss thus, SP dives massively and 2) once they compete the consolidation a company then raises cash or makes an acquistion which dilutes the shareholders. In this case - it would decimate shareholdersas 30:1 then dilution spells the end. The ...more  
Comment by mugs19 on Nov 15, 2023 6:59pm
Tuatara, I strongly agree with your recents posts - all very true. I've been on the losing end of many share consolidations over the years - that's why I dumped my shares today.  I see the ever pumping Dartmam is back - she pumped it all the way from $2.00 down to it's current pathetic price. Dream on Dartmam, and I do wish you all best of luck. (Except the Krapshoet!!!  :)  ...more  
Comment by Dartmam32 on Nov 15, 2023 7:12pm
That's the beauty of the stockmarket. If you are not happy you can just sell and put your money into another venture. Good luck Mugs. I hope your next pick does better than DOC. We are sticking with this for another year or two.
Comment by KrapShoet on Nov 16, 2023 7:29am
Being you is a mug's game. See what I did there.....clever dude
Comment by KrapShoet on Nov 16, 2023 7:31am
Being you is a mug's game. See what I did there.....clever
Comment by Possibleidiot01 on Nov 16, 2023 5:26pm
Bombardier is an example of one way a share consolidation can go , VIQ Solutions (VQS.TO) is an example of the other direction. In my experience , far more likely to go wrong even though the company is the same before and after.