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Nova Leap Health Corp V.NLH

Alternate Symbol(s):  NVLPF

Nova Leap Health Corp. is a Canada-based acquisitive home health care services company operating in the United States (U.S.) and Canada. The Company, through its subsidiaries, provides various services to clients and families, including dementia care, companionship, personal care, respite care, cooking and meal preparation, light housekeeping, activities of daily living (ADL), transportation services, medication reminders, and medication administration by nursing staff. Its supportive services can be arranged for any frequency of time, from one to twenty-four hours of care daily, or on a respite or temporary basis. The Company's services can be funded through a variety of sources, including Medicaid waiver programs, long-term care insurance, veterans benefits, private pay and other location-specific social service programs. It operates in approximately eight different U.S. states within the New England, Southeastern, South-Central and Midwest regions as well as Nova Scotia, Canada.


TSXV:NLH - Post by User

Post by BetulaKapitalon Mar 12, 2022 6:23am
110 Views
Post# 34508637

The snowball is rolling

The snowball is rollingERC receivable of $1,772,744 (Q1-Q3), and:

As I wrote the other day, the CEO was waiting for the next payment in Q1 and that it will probably end in September. This together with:
 
"The Company had a cash balance of $ 1,733 million as of December 31, 2021, as well as full access to the unutilized revolving credit facility of $ 1,183 million (CAD $ 1.5 million);"
 
Shows that you will have $4.5M more acquisitions if you expect the rest of the business to go flat. As I have mentioned before, however, I believe that real growth in EBITDA will be shown during all of the 2022 quarters.

This without new issues of the share or loans. The CEO has previously stated that the more the company now begins to grow, the more the company will be given the opportunity for larger and more favorable loans in the future.
 
In other words: The snowball is rolling!
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