Member Info for antelope

Hopefully And hopefully :-)

You need to put the first three words in inverted commas.

So you don't believe it's been set up by US medicare and is simply being floated off?

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?

Https://www.politico.eu/article/portugal-antonio-costa-lithium-scandal-spells-trouble-for-brussels-critical-minerals-hunt/

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.

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.

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.

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.

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.

"The target company is a healthcare group with a Philippine subsidiary"

Might the target group be Fresenius Medical Care?

What would a normal main market IPO cost? And could such an IPO be 'grandfathered?

"The Company expects to announce shortly a potential transaction with a view to a Reverse Takeover. "

Key word of course is 'potential'.

Damn, this isn't looking good, is it?

Although this SPAC is main market, not AIM, which ought to help us surely.