Premier Health of America Inc V.PHA

YE and closing

[CauseWhyNot]

Does anyone know if they have to give financial highlights on close? PHA and Solutions YE are both sept 30th. I still think we are in for a surprise in solutions too line with 15%+ growth. I hope they provide some initial numbers on close

[dundas]

Longer it takes, less likely the financing will be done to close the Solution Staffing deal.

[CauseWhyNot]

Starting to feel that way

[Bigmac4000]

To confirm what someone else said in an earlier post, the sale will be finalized on September 30 2023 which is SSI fiscal year end. That's what i dug up, things could change of course. 18 days. I was annoyed at the claim of approx 45 days and well over 60 so I got poking around. My last stock purchase went through on Monday so im happy. I'm not buying anymore. The company transfer took

[colourama]

My guess is that it is taking a while for closing because of the details regarding debt, although I can't claim to know any idea about that. Perhaps either a new debt agreement (with an expansion in capacity)? Or squeezing out the max available on their existing debt agreements with lots of moving parts. I would think if a financing were involved then it wouldn't be taking this length of

[Bigmac4000]

If it wasn't for SSI I wouldn't have got in so aggressively. Actually I wouldn't have gotten in at all to be honest. The profit margins didn't cut it. SSI will be a game changer for PHA in the long run. That is assuming they do not change a thing. Time will tell if they are arrogant or smart in not touching what isn't broken. SSI is the oldest in the industry and the most known

[colourama]

Bigmac, just curious about your comment on profit margins - with the provided numbers given in the SSI purchase news release back in July, it is mentioned that SSI had revenues of $74 million with EBITDA of $6.7 million. That about 10% EBITDA margin, which is similar to the margins of the existing PHA's business, no? Agree with your sentiment on SSI but the profit margins seem to be similar.

[stockrook86]

The initial news release on approximetely 45 days now seems a little confusing, but Acumen who was involved in the acquisiton and covers them from an investment analyst side has mentioned in their most recent report end of September - which is now consistent with the recent MD&A.  I would love a press announcement saying they will now close on the 31st and providing details on the new

[colourama]

Speaking of which - looks like the CFO purchasing another two 10k blocks yesterday and the day before!

[stockrook86]

Its a great sign, although it does underscore how slept on PHA is - seems like he is the only one buying sometimes. I had 1/2 my position pre SSI deal and doubled up shortly after, volume has been very low for the most part

[profitprophet1]

Since early July Guy D'aoust the CFO has bought 158 500 shares. He seems optimistic. Maybe there is a light at the end of this tunnel. GLTA

[colourama]

Make that another 10k shares picked up yesterday for the CFO. Accumulating slowly but surely.

[snootchybootchy]

Another 10k shares picked up by D'Aoust. He has now purchased 198,500 shares and has spent $71.1k (avg purchase price $0.358) of his own money, all in just the past 10 weeks or so. 

[colourama]

Gives a sign of confidence when the CFO is making regular purchases on the open market. I don't know if people are waiting for clarity on closing details of SSI purchase agreement, but the company will be at a run rate after closing of roughly $150+ mil revenue, $15 mil EBITDA, $5 mil net income, and currently with a $20 mil marketcap. Of course, the approximately $40 mil in (expected) debt