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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?
I realise it's unlikely to be them directly, but if Fresenius own Dialysis Care and want to float it off... Hard to find anyone who does what Dialysis Care do. And Fresenius mention somewhere that they have operations in 42 countries (can't find it now) but only mention 24 on the schematic on their website.
We'll find out in due course.
We will find out this month, remember it’s a company with a strong network across the US.
Check out HELD . We were promised 0.30 on a RTO ! With UK SPAC We couldn’t sell for two days and in that time mm s marked the price down to 0.11 !! Now it’s 0.05 ! And a shambles !
You can dream...
"The target company is a healthcare group with a Philippine subsidiary"
Might the target group be Fresenius Medical Care?
He's on about the Reverse Takeover from Mountfield into HELD a UK Spac, I was one of the lucky few on that one who actually got out with a profit before it dived
I might be the only one here but I did not understand that at all Pidster. Care to clarify?
Surely this has got to be better than the UK Spac - Held RTO A scam from day one !! And still not at all good now !! Need one of these to actually do well or investors will run a mile next time !
To be fair, the company did say in the first RNS:
"The Company expects to announce shortly a potential transaction with a view to a Reverse Takeover. "
Grasping. Just look at information on Dialysis Care Plus Inc. should you require any skepticism...
So in the 2 hours of trading today, Company got approach suddenly by philliphines for RTO?
why was this information kept away from the public at 8am???
something fishy here
doesn't add up
FCA needs to look at this
Would the suspension be lifted prior to transaction completing? Or only after?
Looking good ITS next
AhaHAHAHAHAHH at least it will be comical whatever comes of this!
Lot 7 Block 10 Shaw Boulevard, cor Marie Lane, Pasig, Metro Manila, Philippines
Looks legit lol
I don't know I google the company and see an empty shop front somewhere in south-east Asia...