RE:Vranic nails it againTruely Happy you made money on this stock Dave. However I could give you a list of stocks that Ed got wrong. Also the earnings look real good until you read the NOTE that comes with the financial statement. I know people don't like to read but some interesting info comes from the notes. I love the wording here. Remember this is unaudited added to the wording makes it interesting. I added just part of the note on earnings
3. Summary of Significant Accounting Policies (a) Significant accounting estimates and judgments The preparation of these consolidated interim financial statements requires management to make judgments and estimates that affect the reported amounts of assets and liabilities at the date of the consolidated interim financial statements and reported amounts of expenses during the reporting period. Actual outcomes could differ from these judgments and estimates. The consolidated interim financial statements include judgments and estimates which, by their nature, are uncertain. The impacts of such judgments and estimates are pervasive throughout the consolidated financial statements, and may require accounting adjustments based on future occurrences. Revisions to accounting estimates are recognized in the period in which the estimate is revised and also in future periods when the revision affects both current and future periods. Significant assumptions, judgments, and estimates that management has made at the end of the reporting period that could result in a material adjustment to the carrying amounts of assets and liabilities in the event that actual results differ from assumptions made, relate to, but are not limited to, the following: (i) Out-of-Network fees-Net patient service fee revenue and receivables Net patient service fee revenue is recognized in the period in which IONM services are rendered, at net realizable amounts from third-party payors, when collection is reasonably assured and can be estimated. A substantial portion of our services are rendered on an out-ofnetwork basis and billed to third-party insurers. Since allowable charges for services rendered out-of-network are not contractually based, the Company establishes an appropriate provision for contractual allowances by evaluating the payor mix, historical settlement and payment data for a given payor, and current economic conditions to calculate an appropriate net realizable value for revenue and accounts receivables. These estimates are subject to ongoing monitoring Page 9 | 31 (a) Significant accounting estimates and judgments (continued) and adjustment based on actual experience with final settlements and collections and management revises its revenue estimates as necessary in subsequent periods.
From what I understand IOM share holders will own 25% of the new company. Is this right.