MSH - MediSolution (leader in healthcare technolgy in Cda) Message Board

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Gold/Mining/Energy : MSH - MediSolution (leader in healthcare technolgy in Cda)

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To: QuietWon who wrote (71)	6/28/1999 11:43:00 PM
From: rdww	Read Replies (1) of 182

a little blurb stolen from SH medisolution.com Nice new web site ! Thanks to The_Word for posting all relevant information. Excuse me for being enthusiastic here but the numbers that came out were better than I thought possible. Reading some earlier comments though about Investors digest I pegged the 200 day MA at 1.45. Its now above the 21 and 50 day moving average, short term bullish signals. I left a low bid in for more shares before I left and was very happy to see I had been filled. Ya baby !!! I spoke to Thom Skinner Ex VP and CFO who mentioned they would be having a conference call with more analysts from brokerage houses following the numbers and press releases would be more frequent. On to some numbers..... The company recorded special charges of $6.634 million which most were good will and technology right down. Now, good will left on the books in 1998 was $11.3 million. Add a little more for the acqusistion of Health plus systems Inc this year and when taking away say 4 or 5 million then this isn't much left to write down. Maybe 5 to 7 million. Which now probably matches the net present value of the the net cash flow expectected to be received over the amortization period. Also going back to 1998 results, the company has non-capital loss carry forwards of $14 million available to reduce future taxable income. The bulk of these losses $8.8 million expire in 2003. So why am I excited, the company is writing off everything against present earnings so that in future if revenues and growth continues then this company will be reporting very large earnings and will have substantial non-capital loss carry forwards to reduce paying alot of income tax. It all adds up to a completely reorganised company, very lean and mean. The mean comes from the statement "We are now poised to look at opportunities and partnerships in the United States". Thats all for now, next stop $1.50.

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