Promisia Healthcare

[kiwikeith]

Interesting announcement. Company with a market capitalisation of $22m acquires 2 new facilities for $33m. Not one for the faint hearted.

[nztx]

Had to dig to see how the new acquisition(s) were being paid for

21,516 Million shares on issue after 10 April announcement

Net Assets $19 m Term Borrowings $30m and Occupants' creative Share of the Action on top

Just better breaking even / $152 K loss at last interim report Nov 2023

Higher interest rates likely to be causing some pain

SP $0.001 ... suppose it can't go any lower

Difficult to see any immediate upswing even up to $0.002 unless a miracle occurs or Cap reorganisation

Always the danger of a consolidation however ;)

This outfit would probably do itself a big favour by consolidating the 10's of thousands of millions of shares and probably then open up further options attracting more serious market interest on NZX IMO



AI or other listed shell opportunities (ripe for the plucking with a new direction) might be more exciting

[SCOTTY]

Had to dig to see how the new acquisition(s) were being paid for

21,516 Million shares on issue after 10 April announcement

Net Assets $19 m Term Borrowings $30m and Occupants' creative Share of the Action on top

Just better breaking even / $152 K loss at last interim report Nov 2023

Higher interest rates likely to be causing some pain

SP $0.001 ... suppose it can't go any lower

Difficult to see any immediate upswing even up to $0.002 unless a miracle occurs or Cap reorganisation

Always the danger of a consolidation however ;)

This outfit would probably do itself a big favour by consolidating the 10's of thousands of millions of shares and probably then open up further options attracting more serious market interest on NZX IMO



AI or other listed shell opportunities (ripe for the plucking with a new direction) might be more exciting
At $0.002 the capitalisation would double and you would double your money. Tempting :)

[nztx]

At $0.002 the capitalisation would double and you would double your money. Tempting :)


some tempting multibaggers somewhere else too :)

[Charlie]

some tempting multibaggers somewhere else too :)
On the NZX.?
I have some Shares here from the past. I figure if it goes to .002 in the next 5 yrs would be ok.

[nztx]

On the NZX.?
I have some Shares here from the past. I figure if it goes to .002 in the next 5 yrs would be ok.


MB'ers fairly scarce on the NZX backwaters .. not too many runaways in these parts

The Sector PH is in doesn't excite me much :)

Some players dotting the sector appear to confusing themselves & the audience as whether they are Healthcare operations or Property developers - and when the chips appear to be down in both ?

The grave danger with PHL is a share consolidation then as a small player it gets forgotten and the SP loses altitude

But I might be wrong .. looking at TAH in comparison which appears to be making good noises.

The fancy footwork to bring onboard acquisitions into PHL might in itself ring a bell or two

[kiwikeith]

MB'ers fairly scarce on the NZX backwaters .. not too many runaways in these parts

The Sector PH is in doesn't excite me much :)

Some players dotting the sector appear to confusing themselves & the audience as whether they are Healthcare operations or Property developers - and when the chips appear to be down in both ?

The grave danger with PHL is a share consolidation then as a small player it gets forgotten and the SP loses altitude

But I might be wrong .. looking at TAH in comparison which appears to be making good noises.

The fancy footwork to bring onboard acquisitions into PHL might in itself ring a bell or two

Grave concern is share consolidation! I think it is uninvestable until it has gone through a share consolidation. The shares trade at one tenth of one cent. If the shares rise they have to double as 2 tenths of one cent is the next tradeable amount. They need to consolidate to at least 1000 shares into one new share so we can see where the market values PHL. I am surprised the NZX does not force this. ON the NYSE (new york stock exchange) a share that trades below $1 for 30 consecutive days is in violation of listing rules and if it does not then consolidate its shares it will be delisted.

[GTM 3442]

A share consolidation is indeed a grave concern. At one for ten, how long would it take for the shares to return to a tenth of a cent? How long at one for a hundred? One for a thousand?

[mr optimistic]

Got a bit excited, that there might be an actual trading of shares. The last time there was a market trade of shares was May last year. Why would the company issue more shares when there is que of shares on ask side of over 200 million at one tenth of a cent. Wouldnt they better continue to buy these and then issue them as part of their share plan to employees. Its a win win, creates some liquidity, shows the market that they are undervalued, and also prevents dilution.

[nztx]

On one hand they can't fall any further than $0.001 .. that is unless the Fish heads get a little excited and decide
a consolidation then Cap Raise undoubtedly following that to suck in more pingers.

It's going to take a really exciting announcement (say like the majors buying everyone else out at $0.003 or $0.004, or major gold motherlode discovered hidden in a cellar) to really stoke up some meaningful value enhancement & trading ;)

[mr optimistic]

The good news just cant stop rolling in for this outfit. https://www.stuff.co.nz/nz-news/350306896/family-claim-rest-home-failed-tell-them-mum-was-dying Darn. was just starting to think it might have turned a corner. Actually read the article, I like how the group CEO turned the table on the HDC saying it wasn't fair how long the investigation was taking. Full credit for that tactic, until it flips on them that the facility was massively at fault.

[nztx]

still not much trading activity on NZX .. wonder why that be ? :)

[GTM 3442]

still not much trading activity on NZX .. wonder why that be ? :)

I think that everyone's waiting for the share price to drop to a more realistic level ;)

[nztx]

I think that everyone's waiting for the share price to drop to a more realistic level ;)


Any updates on NZX acquiring another decimal place ? ;)

[beetills]

still not much trading activity on NZX .. wonder why that be ? :)
Pretty sure that trading would increase hugely if they were allowed to be traded on SHARESIES

[kiwikeith]

Pretty sure that trading would increase hugely if they were allowed to be traded on SHARESIES

Pretty sure that trading would increase hugely if they did a one for a thousand share consolidation. It is a joke that they are allowed to remain listed with offer price always double the bid price.

[GTM 3442]

Any updates on NZX acquiring another decimal place ? ;)

A ten for one share split should do the trick - no need for an expensive upgrade.

[nztx]

A ten for one share split should do the trick - no need for an expensive upgrade.


probably cost them an amount equal to what they are valued at to drum up interest from the Mums & Dads out there who largely ignored Promisia even being there :)

Opening Investor Relations where none existed previously could cost a pretty penny ..

[GTM 3442]

Crikey! A purchase, a sale, and a capital raising! That should shake things up. . .

https://www.nzx.com/announcements/433394

[nztx]

No Consolidation yet ? ;)

Currently - Securities Issued 21,516,308,487 @ current market price of $0.001

Are they selling decimal places & magnifying glasses at the time of the July Cap raise ? :)


Just as well they aren't paying dividends or any dividend could get lost in the fractional rounding ..

[kiwikeith]

Just had a look at the annual report and only 2 shareholders own less than 5,000 shares. Those two shareholders own 4 shares between them. So a one for a thousand share consolidation is not going to inconvenience anyone.

[nztx]

Just had a look at the annual report and only 2 shareholders own less than 5,000 shares. Those two shareholders own 4 shares between them. So a one for a thousand share consolidation is not going to inconvenience anyone.


Yeah but the size of the small fish is still small even after a consolidation

and wiping out 999 shares of every 1000 hardly bodes well for then going with sticky paws outstretched for further coin to replace it ;)

[GTM 3442]

Warp Factor Three Mister Scott! A Capital Raising! And with Bonus Warrants attached!

From the Announcement

The Offer

The Board has resolved to undertake the Offer at $0.001 per share with a
minimum of $3 million to be raised. The Board has discretion to accept
oversubscriptions of up to $1 million.

In addition, Promisia will offer one warrant for every share acquired under
the Offer for no additional consideration. Each warrant gives shareholders
the right, but not the obligation, to subscribe for one additional ordinary
share in PHL on or before the expiry date for an exercise price of $0.002.
The expiry date of the warrants is 24 March 2027. Application has been made
to NZX for quotation of the warrants on the NZX Main Board and all the
requirements of NZX that can be complied with on or before the date of this
announcement have been duly complied with. However, NZX accepts no
responsibility for any statement in this announcement.

The share purchase plan is intended to open on Thursday 11 July 2024 with a
record date of Wednesday 10 July 2024. Eligible shareholders will be able to
apply for NZ$50,000 of shares at an issue price of NZ$0.001, with the ability
to over or under subscribe.

For what little it's worth, I think they may well be onto something with the strategy of buying out and investing in non-urban retirement and care facilities in areas which the major players are never going be interested in. The question is, do I think the game is worth the candle?

[kiwikeith]

Warp Factor Three Mister Scott! A Capital Raising! And with Bonus Warrants attached!

From the Announcement

The Offer

The Board has resolved to undertake the Offer at $0.001 per share with a
minimum of $3 million to be raised. The Board has discretion to accept
oversubscriptions of up to $1 million.

In addition, Promisia will offer one warrant for every share acquired under
the Offer for no additional consideration. Each warrant gives shareholders
the right, but not the obligation, to subscribe for one additional ordinary
share in PHL on or before the expiry date for an exercise price of $0.002.
The expiry date of the warrants is 24 March 2027. Application has been made
to NZX for quotation of the warrants on the NZX Main Board and all the
requirements of NZX that can be complied with on or before the date of this
announcement have been duly complied with. However, NZX accepts no
responsibility for any statement in this announcement.

The share purchase plan is intended to open on Thursday 11 July 2024 with a
record date of Wednesday 10 July 2024. Eligible shareholders will be able to
apply for NZ$50,000 of shares at an issue price of NZ$0.001, with the ability
to over or under subscribe.

For what little it's worth, I think they may well be onto something with the strategy of buying out and investing in non-urban retirement and care facilities in areas which the major players are never going be interested in. The question is, do I think the game is worth the candle?

Who wants to own shares in a company with no liquidity in the shares - regardless of the underlying business? Not me that is for sure.

[GTM 3442]

Some big numbers in this here announcement. . .

https://www.nzx.com/announcements/434279

Promisia's special shareholder meeting will be held virtually via the MUFG Virtual Meeting Platform at www.virtualmeeting.co.nz/phlsm24 on Wednesday, 31 July 2024, starting at 12pm.



As detailed in the Notice of Meeting, the meeting is for shareholders to vote on the following ordinary resolutions:


1. Approval of the Acquisitions: That, under NZX Listing Rule 5.1.1(b), Promisia undertaking the acquisition of Golden View and Ripponburn together with all related transactions as described in this Notice, are approved.


2. Approval to Issue Convertible Notes: That, under NZX Listing Rule 4.2.1, the issue of 6 million Convertible Notes under the Convertible Note Agreement and the issue of up to 6 billion Shares issued on conversion of the Convertible Notes, on the terms as described in this Notice, is approved.


3. Approval of Issue of Warrants: That, under NZX Listing Rule 4.2.1, the issue of up to 4 billion warrants under the terms of Promisia’s capital raising and on the warrant terms of issue set out in this Notice, is approved.

[nztx]

Still postponing grabbing the smaller sandwiches to combine into less of the larger ones

What does a fresh large avalanche of Convertible notes say to the ordinary bread & butter stakeholders
still hiding out under rocks waiting for SP to double so they can run away hopefully with the seats of their pants still intact ? ;)

At the end of the day while the fish heads at board level are busy throwing around pretty little billions
in new formulated worthevenless units in exchange for millions of Con-Notes .. the SP still looks like $0.001 and Cap still looks like a few skid marks over $21 Mil despite all the murmurs & other sounds of something moving ;)

What did they all have for lunch .. on the head cherang's free catering ticket again ? :)

Was it something over Dilutionary for the day ?