Quipt Home Medical Corp T.QIPT

QIPT-VMD

[westcoastlogger]

In May of 2021 the OIG in the US opened an investigation of VMD on questions over billing and Hoyt said see you in court and for the next 10 months the stock meandered down from the 10-11 range to the 3.50ish area. When VMD was cleared of the charges 10 months later the stock then meandered back up to the 11-12 dollar range over the following year. The exact same thing is happening with QIPT and the DOJ take their sweet time with these investigations. Nothing we can do about it other than accept the gift and buy, buy, buy at these levels. In my opinion of course.

[lscfa]

I still that if there is some wrongdoing on the billing for cpap devcies it occurred in one of the small tuck-in acquistions and the fine will be commensurate.

[westcoastlogger]

Yep I can't shake the feeling that its over some insignificant bump in the road and I've said because they never crossed a t or dotted an i. But realistically I agree that it was something that was overlooked and the DOJ are making a big issue out of nothing. I am unable to come to the degree of consternation over it to sell one measly share and as a matter of fact I even bought 10,000

[Moemoney42]

This post has been removed in accordance with Community Policy

[KarlGibbons]

There really is no basis for this belief.  Its more of a "hope".  We don't really know the scope of the potential issue.  We do know the company is spending a lot on legal fees and that this has been going on for ~9 months now...so clearly the DOJ is doing a lot work.  Given QIPT has debt, it makes it an issue as these types of judgements/settlements are usuallly