Premier Health of America Inc T.PSN

Primary Symbol: V.PHA

Healthcare

Premier Health of America Inc. is a Canadian healthtech company. The Company provides a comprehensive range of outsourced service solutions for healthcare needs to governments, corporations, and individuals. The Company uses its proprietary LiPHe platform to lead the healthcare services sector in digital transformation to provide patients with more accessible care services. The Company operates through two segments: Per Diem and Travel Nurses. The Per Diem segment includes Premier Soin and Code Bleu, two of its Quebec subsidiaries that offer their respective services for nursing and assistance by profile and by region. The Travel nurse segment includes Canadian Health Care Agency, Premier Soin Nordik, Solutions Nursing as well as Solutions Staffing, four of its subsidiaries that offer their respective services to the federal and provincial governments for nursing and assistance, including in remote regions.

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Premier Health of America Inc > Me, the Fool Kherson...

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Comment by Khersonon May 21, 2017 11:00pm

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Post# 26269640

RE:RE:RE:RE: RE: RE: Me, the Fool Kherson...

Kherson wrote:
Kherson wrote:

stmatt wrote:
Its cool - this stock has been a lesson for pretty much everyone. Fwiw, your name has a lot more respect in our conversations now. My firm owns shares in several TSXV companies - we talk with managment at all of these companies. We even spoke with Matt MacKenzie several times in Jan last year and visited tanks in Texas. We didn't own any shares at $13, but as you know we took positions at $3 and $1.5.

What really worries me is the level of due diligence it will take to avoid this in the future. TRE was an easy fraud - a reverse merger out of China is pretty much all you had to know. In the case of PSN, were we supposed to visit all 440 tanks and the companies supposedly renting them? I don't have time for that - for some companies, I'd have to travel to 30+ countries to confirm ownership of assets.

I made fun of you because thought outright fraud was a remote possibility given the number of players involved: banks, KPMG, institutional owners, etc. I knew several hedge funds shorting the stock. None thought PSN was a fraud. They just thought the margins would collapse. Yet it turned out to be a complete sham.

Anyway, I'm sorry for my comments yesterday.

Very interesting post from February 14, 2013. He does raise some very interesting points about DD...
Kherson