To: Jim Bishop who wrote (31049 ) 2/27/2000 1:32:00 PM From: Jim Bishop Respond to of 150070
AHIC FWIW from RB thread: -------------------------------- By: lonecypress Reply To: 2732 by Wiser_Dude Sunday, 27 Feb 2000 at 12:24 PM EST Post # of 2735 I kind of agree that AHIC may have bottomed out. I got a little anxious and got in at .61 but am seriously considering loading up on Monday. Don't think price will stay where it is much longer. Think we will see some fluctuation between now and first of May but I think .22 is as low as we're going to see it. This .22 price area has been pretty firm for a week now. Think investors are ready to hold on from this point. From what I've read from this week on this thread things look rather positive for a recovery. I particularly liked the post from "Ben Dover", ---- NEWS ----- For the investors who are feeling bruised and battered... I just spoke with John (CFO) @ (972) 751-1900. Here is the status of the reograinization..... (This info will look a lot like post 2508 from CKIRBYGO). 1) Judge will review the reorgainization plan on 3/21. If he agrees the plan is fair, it will go to the creditors. (This is a given, IMHO). Basically, creditors are getting 100% of what is owed them in company equity. (Another good deal IMHO, I've seen much worse, and never better). 2) It usually takes 30 days for the creditors to review the plan, that puts us at 4/30 for all parties to be in agreement. 3) At that point in time, all debt will be extinguished. (Keep in mind that all remaining clinics are profitable). Now, those are the facts. We are all aware of the rules pertaining to insider information and such, so the rest of this report is based on my assertations. If the outstanding debt is converted to equity in the company, shares must be issued. In a previous conversation, CKIRBYGO sited this number at 12M (after another conversation with John). Sounds about right. Now, for future acquisitions and padding, lets say they issue another 5M. That puts us at 17M new shares. The following is cut from the last SEC filing.. (Period ending 12/31/99). Stockholders' Equity: Preferred stock, $.001 par value; 5,000,000 shares authorized; issued - none - Common stock, $.001 par value; 115,000,000 shares authorized 28,144,259 shares issued and outstanding. Hummm, total outstanding shares would be 45M after everthing was said and done, no debt, and a couple Million in the back pocket. 45M is not a lot of shares, people. I have traded companies lately that have had over 1 Billion shares outstanding. (Yes, I am embarassed). So, it will take time for things to get through the courts. My feeling is everything will be approaved and the company will return to profitability. Can you see the PR? AHIC extinguishes all debt and acquires new clinics. Talk about rocket. A lot of companies release BS PR's that cause 100% movements, I wonder what a real PR with this news and with real SEC paperwork to back it up will cause??? Hummm, retire at 32. On a side note. Everyone was exceptionally nice. I did have to wait for about five minutes, but the receptionist came on several times and ask me if I would like to hold. She finaly ask me if I wanted John's voice mail, and I said no. She then ask what company I was with. I told her I was a shareholder and John picked up in less than 5 seconds. He also said he follows this thread and dosen't mind recieving calls from shareholders. (How do you like them apples). So, there you have it. Buy, sell, accumulate, suit yourself, I know what I'll be doing...... Ben Dover (Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)