GREY:CVHIF - Post by User
Comment by
dileas48son Sep 18, 2020 12:40pm
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Post# 31581784
RE:RE:RE:Maybe something is planned for the shell company?
RE:RE:RE:Maybe something is planned for the shell company? Whatever the case, Brattle Street rolled out their transaction this week, and there's no mention of Ventura - unbelievably they're getting into the patient home monitoring business to compete on acquisitions with Viamed and PTQ (my words, not theirs). It seems shocking to me.
I'm not saying a deal with Ventura isn't in the cards for the future, but based on what I read in the Brattle Street release they have their hands full already.
brentski99 wrote: The Prophet is probably onto something here. Maybe the connection with the old cronnies never really disappeared and they may be accumulating a takeover position and Chris is making it easier for them by depressing the pps.
They roll it back producing a clean shell that may or may not have any contingent liabilities from the rehab business. I don't feel it has and i think that was stated some time back in a filing or a press release. Wholely owned LLC subsidiaries owned the rehab assets as far as I can recall. Please correct me if I am wrong.
Now he is pushing the story of de-listing because of the blowback from these potential liabilities and that there is no hope of raising money for them with things as is.
The heavy lifting seems to have been done over the last couple of years. The clean shell of a fully reporting company does not just wind down and go away especially with humungous tax loss carry forwards. That would be true negligence. And totally stupid on top of it. A black night like a Michael Dailsin could appear at the last minute. There are many companies clamouring to vend in assets and go public.