Quipt Home Medical Corp T.QIPT

New Press Release - Quipt Home Medical Announces $35 Million Bought Deal Public Offering and Approximate $2 Million Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/CINCINNATI, April 17, 2023 /CNW/ - Quipt Home Medical Corp. ("Quipt" or the "Company") (NASDAQ: QIPT) (TSXV: QIPT), a U.S. based home medical equipment provider focused on end-to-end respiratory...read article.

[lscfa]

Not for sale in the USA. The boneheads should be attracting US investors and decreasing Canadian shareholders.  

[lscfa]

Right after an AGM.....Now we must wait a year to vote our disgust.

[lscfa]

Now we know why short position increased. Sleazy underwriters and hedge funds.  Forget uplisting to the TSX. Delist from Canada all together.             https://www.theglobeandmail.com/business/article-proposal-to-ban-short-selling-ahead-of-deals-to-shake-up-junior/     Proposal to ban short selling ahead of deals to shake up junior

[lscfa]

If the debt level is conservative why the hell issue equity at a big discount? CFO is full of BS. At least there is no prepayment penalties. Jan 3/23 - Quipt to drawdown a total of $73 million from its $110 million senior secured credit facility (announced on September 19, 2022), maintaining a conservative balance sheet with net debt to Adjusted EBITDA of 1.96x on a pro forma basis.

[gibbonsj]

Excellent move. Clean up balance sheet, add liquidity prior to move to the big board, release strong financials, complete another acquisition prior to Q4 numbers and we're at $14. Love it smart move, pulls everything together.

[lscfa]

No warrants attached. Maybe mgmt has learned a lesson from the convertible debentures and prior unit offerings which made net income and eps no.s nonsense and extremely volatile.

[gibbonsj]

I have owned redeemable convertible interest bearing debentures with warrants attached. Management used the warrants to make the investment more appealing we are now long past having to convince investors to take a stake in the company. It's not that they learned a lesson from the early days, they did what was necessary to raise money and they did a good job of it as well.

[lscfa]

The bought deal of Nov 2018 had no warrants attached. The bought deal of June 2020 did. Mgmt needs to tell the underwriters to do their job and try harder to sell the financings or take a reduced commission. Use Beacon's hype reports.

[gibbonsj]

Clearly you have never raised money for a fledgling startup. I have been involved in a number over the years. Raising money for a company with a going concern caveat is not an easy thing to do. Despite your criticisms here we are.

[lscfa]

Term sheet on sedar. Underwriter commission is 5% cash.