Post by
LongTerm3 on May 16, 2022 8:40am
Possible $9 Million hit went down to $2,070,000:
With 77 percent of cases reviewed a Qualified Independent Contractor determined they are all good.
That means only 23 percent are left and the total cost would be $2,070,000 if found incorrect, But I doubt that will happen.
That is about 5 cents per share. But, as I said I doubt they will have to pay a penny.
Comment by
Trytobelong on May 16, 2022 8:55am
Think it's more than 5 cents... 7 M$ / 40 M = 17 cents no ?
Comment by
LongTerm3 on May 16, 2022 9:06am
No, I think if 77 percent of cases are reviewed, 23 percent are left. 23 Percent X 9 Million is $2,070,000 $2,070,000 divided by 40,000,000 shares = 5 cents
Comment by
Trytobelong on May 16, 2022 9:15am
We say samething.. 77 % were successfull... then it's 17 cents more eps (if 9M$ were discounted in the share price)
Comment by
LongTerm3 on May 16, 2022 9:18am
I see what you are saying. Its not the 17.5 cents more earnings. It's the possible loss Viemed was facing which is the 5 cents per share. Their was no gain from the situation, just a possible loss.
Comment by
Trytobelong on May 16, 2022 9:23am
Agree with you, but the market took into account the total loss in the share price, that's why my calculation :-)
Comment by
Trytobelong on May 16, 2022 9:42am
We should take 1 $ today, with this news
Comment by
ValueCat on May 16, 2022 10:27am
probably won't do that today. have to chew through Russell delist news and official ejection end of June then set up for nice buying opportunity
Comment by
LongTerm3 on May 16, 2022 10:47am
I am more happy with today's news, and the expectations of 32.1 to 32.8 million in core revenue next quarter. They can always get back on Russell if they get delisted.
Comment by
JackLambert on May 16, 2022 12:27pm
Does anyone have a link to an announcement about Russell delisting? Please and thank you.
Comment by
LongTerm3 on May 16, 2022 1:01pm
Jack, It's more important that we received today's decision, and the 2nd quarter core revenue could be up 7 percent from last quarter as per guidance. If people think they are going to get delisted, the stock starts falling before, because people panic over this. As long as the company is performing well, that is the key.
Comment by
JackLambert on May 16, 2022 1:12pm
I agree. I am wondering if I missed a press release on the alleged de-listing?? Why are people even talking about it?
Comment by
LongTerm3 on May 16, 2022 1:30pm
If it happens, it happens. Just focus on the numbers and earnings. Besstobe has issues with the math!
Comment by
ValueCat on May 16, 2022 1:50pm
https://content.ftserussell.com/sites/default/files/2022.02.03_russell_recon_schedule.pdf
Comment by
besttobe on May 16, 2022 8:56am
So what about current claims? Are they off side 23% of the time? As I seem to recall Hoyt saying they didn't change any of their process requirements? We shall see I guess. GLTA