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PDH - Premier Diversified Holdings Inc.


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Parsad

I'm on holidays in Australia/NZ til May 26. How long do we have to subscribe to the private placement?

 

The first tranche will probably close just before you get back...our legal counsel put down around the 16th, but it will probably be a little later.  The second tranche will close end of 1st week of June or so, so you will be able to subscribe before the 2nd close.  Cheers!

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Haven't received anything and I did participate in the 2014 offering?

 

Parsad

I'm on holidays in Australia/NZ til May 26. How long do we have to subscribe to the private placement?

 

The first tranche will probably close just before you get back...our legal counsel put down around the 16th, but it will probably be a little later.  The second tranche will close end of 1st week of June or so, so you will be able to subscribe before the 2nd close.  Cheers!

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Haven't received anything and I did participate in the 2014 offering?

 

Parsad

I'm on holidays in Australia/NZ til May 26. How long do we have to subscribe to the private placement?

 

The first tranche will probably close just before you get back...our legal counsel put down around the 16th, but it will probably be a little later.  The second tranche will close end of 1st week of June or so, so you will be able to subscribe before the 2nd close.  Cheers!

 

Should be emailed out tomorrow and Monday.  Cheers!

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Another partnership with Kingswood.

 

The Issuer proposes to acquire 500,000 Class B Common shares of Arcola Developments Ltd. ("Arcola") for a total subscription price of $500,000, paid in cash. Arcola is a newly formed company which was created for the purpose of acquiring land for a development opportunity in Burnaby, B.C., a suburb of Vancouver. The development will be managed by Arcola's project manager, Kingswood Real Estate Management Inc. ("Kingswood"). The Issuer is party to a subscription agreement for purchase of Class B Common shares of Arcola, subject to acceptance by Arcola. All shareholders of Arcola will be party to a unanimous shareholders' agreement dated for reference February 26, 2016

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Another partnership with Kingswood.

 

The Issuer proposes to acquire 500,000 Class B Common shares of Arcola Developments Ltd. ("Arcola") for a total subscription price of $500,000, paid in cash. Arcola is a newly formed company which was created for the purpose of acquiring land for a development opportunity in Burnaby, B.C., a suburb of Vancouver. The development will be managed by Arcola's project manager, Kingswood Real Estate Management Inc. ("Kingswood"). The Issuer is party to a subscription agreement for purchase of Class B Common shares of Arcola, subject to acceptance by Arcola. All shareholders of Arcola will be party to a unanimous shareholders' agreement dated for reference February 26, 2016

 

Given the other discussion around Vancouver's real estate price and bubble, these guys must be really good for Sanjeev to get more engaged on this.

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  • 2 weeks later...

Haven't received anything and I did participate in the 2014 offering?

 

Parsad

I'm on holidays in Australia/NZ til May 26. How long do we have to subscribe to the private placement?

 

The first tranche will probably close just before you get back...our legal counsel put down around the 16th, but it will probably be a little later.  The second tranche will close end of 1st week of June or so, so you will be able to subscribe before the 2nd close.  Cheers!

 

Should be emailed out tomorrow and Monday.  Cheers!

 

Should we expect an email or something in a hard copy ? i have not recieved either. assume this is the same for US based investors too

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Haven't received anything and I did participate in the 2014 offering?

 

Parsad

I'm on holidays in Australia/NZ til May 26. How long do we have to subscribe to the private placement?

 

The first tranche will probably close just before you get back...our legal counsel put down around the 16th, but it will probably be a little later.  The second tranche will close end of 1st week of June or so, so you will be able to subscribe before the 2nd close.  Cheers!

 

Should be emailed out tomorrow and Monday.  Cheers!

 

Should we expect an email or something in a hard copy ? i have not recieved either. assume this is the same for US based investors too

 

If you have not received the private placement documents, please email me at sparsad@pdh-inc.com.  Christina should have emailed it out to everyone that participated in the original September 2014 private placement.  Let me know and I will get you the documents right away.  Thanks very much!

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The only thing I am wondering it what happened in China?  Pretty large drop in scans for the 3 months ending March 31.  Was the center shutdown for upgrades part of the time?

It sounds like demand just evaporated. I wonder is this a symptom of the Chinese economy? It went from a run rate of ~2.5K scans a quarter to just over 800 in the space of a single quarter.

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The only thing I am wondering it what happened in China?  Pretty large drop in scans for the 3 months ending March 31.  Was the center shutdown for upgrades part of the time?

It sounds like demand just evaporated. I wonder is this a symptom of the Chinese economy? It went from a run rate of ~2.5K scans a quarter to just over 800 in the space of a single quarter.

 

Yes, thats a major surprise. but these scans are generally for critical medical conditions, so they should not be so dependent on the economy (unless it is a venezuela). Was there a major loss of contract ?

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  • 1 month later...

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) announces that it intends to acquire units ("Units") of MyCare MedTech Inc. ("MMI"), a telemedicine company which uses communication technology to deliver virtual medical consultations with licensed healthcare providers for non-emergency conditions through its app GOeVisit. The purchase price of the Units is $0.35 per Unit. Premier intends to acquire up to $500,000 worth of Units in two tranches, with its first acquisition of $250,000 closing in July and its second acquisition of $250,000 closing in August. The purchase price will be paid in cash. 

 

Each Unit is comprised of one Class A Common share ("MMI Share") and one half of a share purchase warrant ("MMI Warrant") of MMI. Each whole MMI Warrant will be exercisable to purchase an additional MMI Share at $0.50 until December 31, 2018. Additionally, MMI will issue 570,000 incentive MMI Shares to Premier. Premier does not currently hold any securities of MMI. After acquiring the Units, it will hold 2,000,000 MMI Shares, approximately 14.34% (undiluted) of the issued and outstanding MMI Shares. Sanjeev Parsad, Premier President and CEO, will be appointed to the board of directors of MMI.

 

MMI is a private company incorporated under the laws of Alberta and is a Canadian telemedicine company which provides virtual medical consultations with licensed healthcare providers through computers, tablets and mobile devices. The GOeVisit medical team can provide diagnosis, alternate remedies and/or prescriptions for over 30 non-emergency conditions and uncomplicated medical concerns such as a sore throat, stomach virus, upper respiratory infection (e.g. bronchitis), strain or sprain, sinus infection, urinary tract infection, rash, allergy, headache, pink eye, burn or laceration. GOeVisit is available 24/7 and its certified healthcare professionals include licenses nurse practitioners and doctors. More information is available at: https://www.evisit.healthcare. 

 

“Jim Viccars, founder of GOeVisit, has been involved with health insurance for over 30 years, spending the last decade trying to make diagnosis and treatment more convenient for consumers,” said Sanjeev Parsad. “MMI has the ability to do this and could be disruptive in how the average patient seeks general medical diagnosis

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This has been the Holy grail of e-health and the tech industry.

Competitive space even in Canada - https://www.askthedoctor.com/

Medeo.ca

 

Most of these have been around >5 years and have a hard time monetizing or growing quickly.

 

This also doesn't include the amount of VC /Silicon Valley $'s trying to do this in the US/on a global scale.

 

Is no question medicine will eventually go this way, but it has been difficult to find ways to compensate for the doctors time and get people to pay larger amounts for something that is covered for free in Canada.

 

I know senior management for askthedoctor.com and is interesting hearing the growth potentials but also the challenges that befall this industry

 

Hopefully PDH has success here but definitely has a speculative component

 

Premier Diversified Holdings Inc. ("Premier" or the "Company") (CSE: PDH) announces that it intends to acquire units ("Units") of MyCare MedTech Inc. ("MMI"), a telemedicine company which uses communication technology to deliver virtual medical consultations with licensed healthcare providers for non-emergency conditions through its app GOeVisit. The purchase price of the Units is $0.35 per Unit. Premier intends to acquire up to $500,000 worth of Units in two tranches, with its first acquisition of $250,000 closing in July and its second acquisition of $250,000 closing in August. The purchase price will be paid in cash. 

 

Each Unit is comprised of one Class A Common share ("MMI Share") and one half of a share purchase warrant ("MMI Warrant") of MMI. Each whole MMI Warrant will be exercisable to purchase an additional MMI Share at $0.50 until December 31, 2018. Additionally, MMI will issue 570,000 incentive MMI Shares to Premier. Premier does not currently hold any securities of MMI. After acquiring the Units, it will hold 2,000,000 MMI Shares, approximately 14.34% (undiluted) of the issued and outstanding MMI Shares. Sanjeev Parsad, Premier President and CEO, will be appointed to the board of directors of MMI.

 

MMI is a private company incorporated under the laws of Alberta and is a Canadian telemedicine company which provides virtual medical consultations with licensed healthcare providers through computers, tablets and mobile devices. The GOeVisit medical team can provide diagnosis, alternate remedies and/or prescriptions for over 30 non-emergency conditions and uncomplicated medical concerns such as a sore throat, stomach virus, upper respiratory infection (e.g. bronchitis), strain or sprain, sinus infection, urinary tract infection, rash, allergy, headache, pink eye, burn or laceration. GOeVisit is available 24/7 and its certified healthcare professionals include licenses nurse practitioners and doctors. More information is available at: https://www.evisit.healthcare. 

 

“Jim Viccars, founder of GOeVisit, has been involved with health insurance for over 30 years, spending the last decade trying to make diagnosis and treatment more convenient for consumers,” said Sanjeev Parsad. “MMI has the ability to do this and could be disruptive in how the average patient seeks general medical diagnosis

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You can buy it on Fido too. But that might not help Canadian people who may have restrictions on their broker selection (especially if they work in financial industry) or want to buy it in their retirement plans.

 

Vanguard as well.

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  • 3 weeks later...
  • 2 weeks later...

Widened losses?

 

Revenue (note 17) $ 314,685 $ 431,716 $ 984,554 $ 1,068,868

Cost of goods sold (104,587) (106,639) (255,016) (279,844)

Gross margin 210,098 325,077 729,538 789,024

Operating costs (note 13) 343,366 360,173 1,028,523 942,485

Net operating loss (133,268) (35,096) (298,985) (153,461)

Total corporate expenses (note 14) 298,976 307,145 856,997 802,173

Loss before other items (432,244) (342,241)  (1,155,982) (955,634)

 

 

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Parsad needs to ax the operations and focus on new ventures. Way too much money spent on diagnostic business with no growth and mounting losses. The numbers speak for themselves. 

 

Condolences to those of you who invested but more dilution is inevitable at this pace.

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Parsad needs to ax the operations and focus on new ventures. Way too much money spent on diagnostic business with no growth and mounting losses. The numbers speak for themselves. 

 

Condolences to those of you who invested but more dilution is inevitable at this pace.

 

I haven't seen any sale of PDH shares from corner capital so obviously Parsad is in denial if I follow your comments. I hope he will appreciate your attention with your condolences, you were right from the beginning. Congrats!  :o

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Regarding dilution, Junto had this post at the beginning - sept 2014, the outstanding shares are now close to 150 million. However, the company is more diversified now and does investments too.

 

These numbers are not in thousands. June 30 (before PPM) shares outstanding 52,934,978 before considering numerous warrants and options outstanding.  The kicker is that on August 5, 2014 the company issued "700,000 options to purchase shares of the company, as well as 3,000,000 common shares at a deemed value of $0.05 per share to a director of the Company as a signing bonus." Awfully close to the PPM raise.

 

Parsad needs to ax the operations and focus on new ventures. Way too much money spent on diagnostic business with no growth and mounting losses. The numbers speak for themselves. 

 

Condolences to those of you who invested but more dilution is inevitable at this pace.

 

I haven't seen any sale of PDH shares from corner capital so obviously Parsad is in denial if I follow your comments. I hope he will appreciate your attention with your condolences, you were right from the beginning. Congrats!  :o

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