This company was mismanaged and ended up in
bankruptcy where it is now. Prior to filing for
bankruptcy, Ambulatory Healthcare Corp. was
interested in acquiring PHP FOR $2.00 Most of the
original shareholders who owned this company at
$10.00 or higher and the fund managers have been
dumping this stock to take losses for this year.
December 16,1998
ABBULATORY said that it and PHP have signed a
letter of intent to jointly develop a
reorganization plan for PHP underwhich the two
companies would merge. Abulatory wants to go public and this is a very cheap way to do it. There
are 11.7 million shares outstanding - float is 5.6 million. Last price for PHPC was .08. |
