Jack Nathan Medical Corp V.JNH

Horrible Q1 just as I predicted

[blackgold14]

A big operating loss just as I predicted months ago. It will take awhile before the company reports net after tax earnings.  Maybe a couple years from now.  Most companies take awhile to get over the extra costs of acquiring companies.  Since the company recently changed its business model to acquiring clinics, not just licencing, the next few acquisitions wil also involve acquisition costs which will make it harder to break even.   Until then, I will be on the sidelines waiting and hoping for the company to scale its operations and complete acquisitions where it switches from net losses to net earnings. At that time, the stock will be worth looking at as a potential buy.  Until that time, the stock will be under pressure and the company will need to raise money which usually means more dilution.

[Rc0gburn]

Dont forget share overhang from Old CEO, he has more than 8million shares to go!

[LonghandStrong]

I think the supplier of labour, in this case the docs, have the power here. 70% of billings to the doc at minimum is the cut I'd think, leaving pennies for the operator. Why be in a Walmart paying Jack Nathan a licensing fee, accepting lease insecurity, when a $12 a square foot back street location just needs to make one Facebook post saying "accepting new patients" to fill schedule?