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That is subsidiariy ant
Err.. Dialysis Care Plus?
Does anyone understand the meaning of, and attraction of, grandfathering in this (RTO) context? All I can find on google relates to capital gains tax. Where does the 30m limit come into it and how long is the newly listed company allowed to remain with a mcap under 30m?
Any idea which is main target company?
Question is... when will it return to market? I highly doubt they can have a prospectus ready and approved by FCA by the 1st of Dec. If not done by then, I guess they could ask for an extension. So it's just sit tight and wait - but for how long?
What happens to the sp here the day it returns to the market?? I can see this flying the first few days!
Should be due soon. Let us see whatRTO target is
What I was suggesting was a market cap of 3 million. But don't take what I wrote too seriously, I'm very amateur at the numbers game.
Im_ confused if it is £3million price of stock they would not want share holders to have all 3 million of stock . It would only be certain percentage
Dammit there's a bug in this forum where the back arrow symbol signals end of post.
Again...
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of less than 30m is attractive and also assuming that a listed company cannot remain grandfathered for ever bodes well.
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of
I'm optimistic. I don't know how big this could become, but the fact that they're going for a main market listing, and assuming that the 'grandfathering' aspect of
That's the elephant in the room I suppose. I don't know. But they wouldn't be proceeding if they didn't believe they could get this done.
Agree Antelope that they're is no comparison to before. Just wondering what can we expect to have been achieved by 1st Dec and if there are any penalties for missing that deadline.
Yes but the last RTO attempt involved DD on a couple of dodgy mines in Africa, including in seriously dodgy Angola. There's no comparison between that and this.
The last time they tried this, it took them nearly a year AFTER they had reached a HoT agreement to realise that the rto was not going to happen.
While I agree that this time the risks are significantly reduced, I wonder what exactly will they aim to achieve by end of the month. Get into an agreement? Surely no chance of getting prospectus published and approved before 1st Dec. Does that deadline get extended?
On the other hand, this may be nothing to do with aid, which seems more likely the more I read. Turns out US Medicaid and Medicare operate in Guam, which is a huge US base in the Philippines. Otherwise, Medicaid and Medicare operate exclusively within the US.
Some hints pointing to Medicaid's involvement in the PH can be seen here: https://www.usmedicareph.org/
And another here: https://www.kuam.com/story/19618487/2012/09/Sunday/medicaid-expanding-to-philippines
Point seems to be that there are loads of US citizens living in the PH, not only in Guam, who are eligible for Medicaid/Medicare. Perhaps that's who the Dialysis Care Plus (DCP) centres are meant to provide for. And the US medical system being private and profit driven rather than service driven, it's been deemed best to sell off the centres as a commercial operation, there being many thousands of US citizens available as a customer base. As a commercial and independent entity, DCP would be able to continue to provide for US citizens but also broaden their market to a wider audience. Medicaid would reduce their costs whilst simultaneously ensuring dialysis care for their citizens.
So DCP then would seem to be a well established operator in it's field, properly set up and with a captive base market of US citizens using Medicare, but also an expended market of everyone else.
I'm only guessing. It's certainly not a case of a Fed agency wanting to get listed, as someone suggested earlier.
My understanding, which may be wrong, is this:
This company - Dialysis Care Plus - seems to be a Philippines based project of a US Govt overseas aid programme. It's proved to be successful and so the next step, having set it up and got it established and profitable is to float it off as a going concern. At this point, the US aid people will see this as a successfully completed project.
I don't know anything about the sector. I also know little about the process by which SPACs operate. DISH's mcap is just over half a mill. Assuming A/ the float happens at a mere 3 mill, that would be a six bagger (rounding a bit), but will there be a cash raise? If so, assuming pessimistically a 50% increase in number of shares, leading to an effective dilution of a third, making a 4 bagger. If valuation is 5 mill, or whatever guess, adjust numbers accordingly. Or if dilution is greater, ditto.
Is this right? Anyone serious who knows?
As an aside, if it's successful, it may quickly be a buyout target for Fresenius Medical care, who are huge and who seem to be unique in this space.
A second aside.... given the nature of the project, I'd have thought that due diligence will be a breeze so risk of this RTO not happening are low.
Wish I bought more than £2k now, this will open up with a market cap of over £200m
A federal government website managed and paid for by the U.S. Centers for Medicare and Medicaid Services.7500 Security Boulevard, Baltimore, MD 21244
Just seen who the parent company is, omg spac of the decade!!
First of all, well done for finding the website. Secondly, omg - it does say "A federal government website managed and paid for by the U.S. Centers for Medicare and Medicaid Services.7500 Security Boulevard, Baltimore, MD 2124".
But then why would a federal agency want to get listed via London main market?
Will have to wait and get more details. Last RTO SharePrice was 0.3p or so and was valuing equity at 2p post RTO. Obviously been working on this for a long time so hope they have a good deal to go ahead with for shareholders.
Does the suspension last until the RTO is complete or can it be moved out of suspension before that? Does anybody know?
I need 4p to break even . Will that ever happen?