Quipt Home Medical Corp T.QIPT

4:1 consolidation is not the small consolidation

[gibbonsj]

we were told to expect. That was Mr.Crawford's first misleading statement so he needs to explain why we went from a minor consolidation to a very major one. Giving him  all the credit and trust he has earned thus far and in so thinking perhaps something changed since his last guidance to justify the change. I can only GUESS a significant transaction is on the table requiring a turnaround financing at $8 or so. If this is the case then it better happen fast because there is a lot of down pressure on the NASDAQ that does not look like it's going abate over the summer months. Unless management and IR do a few things in rapid succession it's going to be a rough ride.  If we're left to flounder $5 to $6 might look like a good price over the summer.

 

Immediately following the commencement of post consolidation trading these things have to be done;

1/New LOI or confirmed acquisition announcement
2/ Super strong 2Q financial statement with PROFIT
3/ NASDAQ listing completed.

Now that the cat is out of the bag doing those things to support sp is no longer optional. We cannot list on the Nasdaq with declining sp and expect sp to perform solely because we're trading alongside the big boy's and we can't reasonably expect the venture and OTC to carry the day. If you  don't have deep pockets your only choice will be to ride it out. We'll get there I'm sure but IR has to step up their game now.

[taman1]

I disagree just based on yesterday's stock action when announcement was made and major indices down and PTQ up10%. The market said Crawfird wax correct. I agree Crawford will have to do more to keep s/p up above $8, at keast over $10 in near term to ensure success for stock to go even higher. So far Crawford does NOT disappoint so it looks like QUIPT should go higher. GLTA 

[bearbullpicks]

good points !!! I don't think the Nasdaq downturn will last into the summer though, as it has already had a big correction.  It could very well be in a  strong upturn by then and work in our favour. 

[dileas48s]

I'm okay with it and I previously suggested that I think a significant material event will take place shortly after the consolidation, such as an LOI or other acquisition activity.  It's been almost "too quiet" on the M&A front here so I think they must be ready to do something. We'll end up with a US share price of around $6.55 --> $6.75 give or take

[dileas48s]

Sorry, that was kind of dumb.  A lot could happen between now and June.  I had it in my mind we'd list on NASDAQ immediately, which is not in the cards..... no way to know what the US price will be by June / July.

[Moemoney42]

They did mention the acquisition P/L was looking good so an acquisition IMHO is in the cards  Management Commentary "This represents a major milestone in the history of our Company, as we transform into Quipt Home Medical, readying for national expansion across the United States as a leader in respiratory homecare. Driven by our technology focused, patient-centric model, organic

[gibbonsj]

Moemoney42 I think you are correct in putting your money on Mr Crawford's credibility.

[butchtennis]

Quipt Home Medical Co. should be priced at $8.24...after the 4:1 consolidation. Glta.

[butchtennis]

We go from 122.53 million shares to approximately 30.63 million outstanding shares. Over $28 million in the bank and a whack of space to raise more money at higher prices...Mr. Crawford positioned the company perfectly to make a host of acquisitions.

[Tropicalsun]

First just to back track a little, funny little story provided by gibbonsj about the Irishman and Nookie Green, ya I get how some of the opposite sex would be offended, but c'mon lighten up a little, this whole freakin world has just become a little to sensitive to everything. Case in point, how come when a man farts, women say we are pigs. But when a women farts, christ they roar with

[Carlito3311]

This post has been removed in accordance with Community Policy

[gibbonsj]

we all read things differently. The joke was about an Irish priest. Heritage of Miss Green was not stated and with a name like Gibbons you have to know I like Irish jokes. Why do the Irish only put 239 beans in their bean soup? Answer: One more bean would make it two farty

[lscfa]

The did 1-for-5 last time and the stock went up.