RE:Be Aware... No Split!!!! Hedge against abnormalities !!! Mursey wrote: I bought into this company when we had 60 million in the bank and positive ebitda. Since I bought we closeed deals on Sleep Management and Patient Aid. We paid a combined total of 60 million cash and 22% of total PHM share for companies that combined lost in excess of 10 million dollar year end 2016. We paid finder fees to Dalsin and Green of half a million and continue to have them under contract. As it stands, Hoyt and Crawford have 60 million cash, plus Hoyt and Crawford have big lease backs agreements re realestate post purchase, we paid 120 million and didnt get the realestate. PHM has writen off assets to the tune of 100 million dollar in the past 2 years, half of that total was Sleep Mangement and Patient Aid.
Post split there is no possibility for shareholders to hold the board liable for bad use of shareholder funds. Post split it could be their intent to drive share prices down on Viemed and Apparo before taking the companies private or buying up all our shares with our cash... the after party theme would be Mission accomplished... we burnt 200 million dollars of shareholders capital, filled our pockets with bonuses and own the companies out right with cash in the bank, no chance of liability. the perfect crime and they'll all need rehab, more bonuses!!!
This is a possibility, I would hope it isn't their intent but there's enough bad deals to make me cautious.
The information I have suggests multiple changes in payments to directors and senior management, non arms length tranactions for large amount of money, purchases of companies from directors for million of dollars that never had any relavence to our operations and many more dark deal, If there's fraud, I want those responsible held accountable. Present management and board of directors are so intertwined with lease agreements and bonos payments that I dont want to lose my recouse by allowing a split, I want those resposible if there's issues availible to be held accountable. Business is Business, protect your butt, vote no, I will post more situations that give me concern up till split time.
Talk to your lawyer or your accountant, he/she will tell you strait that once the split occurs the pass directors are off the hook with the formation of new operating companiew... Be Aware!!!
Small error in replying first time. let me try again. Holy mackerel! I always knew that this company didn't pass the stink test but was too lazy to read all the news releases and match up the footnotes. Thanks for your hard work. Maybe one day Canada will get a national regulator but until then, stuff like this will keep going Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.phm&postid=25799498#rSwSXOeTrfopDIWl.99