Parsad Posted September 1, 2016 Share Posted September 1, 2016 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 Those options and shares were issued before my watch to our general manager in China, brought over from Siemens China. It was a "kicker" as Junto said, but not my kicker. Nothing even remotely close to that contract has been offered since I took over as CEO...not to employees, not to directors and certainly not to me. Dilution was always going to happen because we had to diversify the business and start to generate different streams of cash flow. That was not going to happen overnight with only income coming from China. As you mentioned, the company is more diversified now, but is still a work in progress. You now have Sequant Re, Mycare Medtech, our real estate investments, 18% of Russell Breweries, our investment portfolio, the China MRI clinic and contrary to what Junto suggests about the diagnostic business, the Burnaby PET/CT Clinic which is starting to scale up very nicely with our addition of Clinical Trial scans. Look at our balance sheet...the Burnaby Clinic is carried at the depreciated cost of the PET/CT equipment...essentially the same as two years ago when it was shut down. You all understand the difference between accounting carrying value and intrinsic value. Can Junto in anyway convince a reasonable investor that the Burnaby Clinic is worth the same today as two years ago, when we are doing 30 scans a month, essentially now profitable, and scaling scans upwards going forward? This Clinic whose reputation was in tatters now has nearly 100 doctors referring patients. A Clinic who has no other competition than the provincial government, who we are building a relationship with? A Clinic that is now doing clinical trials where we do not have to buy the radioisotope for the patient or incur the shipping costs...gross margins on these scans are close to 80% and net profit margins are about 35%! What do you think this Clinic business is worth today already and what should its true accounting value be? Certainly not the depreciated cost of the PET/CT equipment! Judge me in another 3 years, so that I have at least 5 years at the helm! And as Goldfinger said, have you seen me sell a single share yet? Cheers! Link to comment Share on other sites More sharing options...
Sunrider Posted September 2, 2016 Share Posted September 2, 2016 Parsad Just an observation - getting upset about troll-like comments isn't necessary or befitting :) Just do your thing. Mud will always be slung and judgement can only be made over a multi-year timeframe here. C. 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 Those options and shares were issued before my watch to our general manager in China, brought over from Siemens China. It was a "kicker" as Junto said, but not my kicker. Nothing even remotely close to that contract has been offered since I took over as CEO...not to employees, not to directors and certainly not to me. Dilution was always going to happen because we had to diversify the business and start to generate different streams of cash flow. That was not going to happen overnight with only income coming from China. As you mentioned, the company is more diversified now, but is still a work in progress. You now have Sequant Re, Mycare Medtech, our real estate investments, 18% of Russell Breweries, our investment portfolio, the China MRI clinic and contrary to what Junto suggests about the diagnostic business, the Burnaby PET/CT Clinic which is starting to scale up very nicely with our addition of Clinical Trial scans. Look at our balance sheet...the Burnaby Clinic is carried at the depreciated cost of the PET/CT equipment...essentially the same as two years ago when it was shut down. You all understand the difference between accounting carrying value and intrinsic value. Can Junto in anyway convince a reasonable investor that the Burnaby Clinic is worth the same today as two years ago, when we are doing 30 scans a month, essentially now profitable, and scaling scans upwards going forward? This Clinic whose reputation was in tatters now has nearly 100 doctors referring patients. A Clinic who has no other competition than the provincial government, who we are building a relationship with? A Clinic that is now doing clinical trials where we do not have to buy the radioisotope for the patient or incur the shipping costs...gross margins on these scans are close to 80% and net profit margins are about 35%! What do you think this Clinic business is worth today already and what should its true accounting value be? Certainly not the depreciated cost of the PET/CT equipment! Judge me in another 3 years, so that I have at least 5 years at the helm! And as Goldfinger said, have you seen me sell a single share yet? Cheers! Link to comment Share on other sites More sharing options...
shalab Posted September 2, 2016 Share Posted September 2, 2016 Appreciate Parsad for giving color - there are many in this board who are invested with you. 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 Those options and shares were issued before my watch to our general manager in China, brought over from Siemens China. It was a "kicker" as Junto said, but not my kicker. Nothing even remotely close to that contract has been offered since I took over as CEO...not to employees, not to directors and certainly not to me. Dilution was always going to happen because we had to diversify the business and start to generate different streams of cash flow. That was not going to happen overnight with only income coming from China. As you mentioned, the company is more diversified now, but is still a work in progress. You now have Sequant Re, Mycare Medtech, our real estate investments, 18% of Russell Breweries, our investment portfolio, the China MRI clinic and contrary to what Junto suggests about the diagnostic business, the Burnaby PET/CT Clinic which is starting to scale up very nicely with our addition of Clinical Trial scans. Look at our balance sheet...the Burnaby Clinic is carried at the depreciated cost of the PET/CT equipment...essentially the same as two years ago when it was shut down. You all understand the difference between accounting carrying value and intrinsic value. Can Junto in anyway convince a reasonable investor that the Burnaby Clinic is worth the same today as two years ago, when we are doing 30 scans a month, essentially now profitable, and scaling scans upwards going forward? This Clinic whose reputation was in tatters now has nearly 100 doctors referring patients. A Clinic who has no other competition than the provincial government, who we are building a relationship with? A Clinic that is now doing clinical trials where we do not have to buy the radioisotope for the patient or incur the shipping costs...gross margins on these scans are close to 80% and net profit margins are about 35%! What do you think this Clinic business is worth today already and what should its true accounting value be? Certainly not the depreciated cost of the PET/CT equipment! Judge me in another 3 years, so that I have at least 5 years at the helm! And as Goldfinger said, have you seen me sell a single share yet? Cheers! Link to comment Share on other sites More sharing options...
eclecticvalue Posted September 2, 2016 Share Posted September 2, 2016 Create a new company in the USA and you will get more money for sure. ;) Link to comment Share on other sites More sharing options...
rkbabang Posted September 2, 2016 Share Posted September 2, 2016 Parsad Just an observation - getting upset about troll-like comments isn't necessary or befitting :) Just do your thing. Mud will always be slung and judgement can only be made over a multi-year timeframe here. I agree with "not necessary", but I always enjoy reading Sanjeev's comments. Link to comment Share on other sites More sharing options...
rohitc99 Posted September 2, 2016 Share Posted September 2, 2016 Sanjeev can you share why the Joint venture MRI centre in china down 50% on revenue ? can you share the plans on reversing the same ? Link to comment Share on other sites More sharing options...
benchmark Posted September 2, 2016 Share Posted September 2, 2016 Those options and shares were issued before my watch to our general manager in China, brought over from Siemens China. It was a "kicker" as Junto said, but not my kicker. Nothing even remotely close to that contract has been offered since I took over as CEO...not to employees, not to directors and certainly not to me. I assume that nothing can be done in 'restructuring' the contract? I always felt that it's too much to pay for the china GM, especially given that the CFO is the wife? Link to comment Share on other sites More sharing options...
Parsad Posted September 2, 2016 Share Posted September 2, 2016 Sanjeev can you share why the Joint venture MRI centre in china down 50% on revenue ? can you share the plans on reversing the same ? China is china...more color in the annual letter. Cheers! Link to comment Share on other sites More sharing options...
Parsad Posted September 6, 2016 Share Posted September 6, 2016 Those options and shares were issued before my watch to our general manager in China, brought over from Siemens China. It was a "kicker" as Junto said, but not my kicker. Nothing even remotely close to that contract has been offered since I took over as CEO...not to employees, not to directors and certainly not to me. I assume that nothing can be done in 'restructuring' the contract? I always felt that it's too much to pay for the china GM, especially given that the CFO is the wife? See CSE Form 7 filing for August. http://thecse.com/en/listings/diversified-industries/premier-diversified-holdings-inc Never say never...but if contracts aren't in shareholders interests from the start, terminating them comes at a cost. Cheers! Link to comment Share on other sites More sharing options...
Partner24 Posted September 7, 2016 Share Posted September 7, 2016 Happy to see that the share price is decreasing ;) Happy to see that you keep the focus on the long term interest Sanjeev. As investors, that's what we are doing too. Cheers! Link to comment Share on other sites More sharing options...
Otsog Posted September 30, 2016 Share Posted September 30, 2016 Congrats on another year in the books! Hopefully Sequant earned some money Link to comment Share on other sites More sharing options...
karthikpm Posted October 5, 2016 Share Posted October 5, 2016 What ticker is it currently trading under? I can't seem to find it Link to comment Share on other sites More sharing options...
rkbabang Posted October 5, 2016 Share Posted October 5, 2016 What ticker is it currently trading under? I can't seem to find it PRDGF Fidelity: https://eresearch.fidelity.com/eresearch/goto/evaluate/snapshot.jhtml?symbols=PRDGF Yahoo: https://finance.yahoo.com/quote/PRDGF Link to comment Share on other sites More sharing options...
IntrinsicEdge Posted October 5, 2016 Share Posted October 5, 2016 Monthly report to the CSE for Sept is out: http://thecse.com/en/listings/diversified-industries/premier-diversified-holdings-inc Look at the right sidebar under the title "CSE Filings" Link to comment Share on other sites More sharing options...
ourkid8 Posted October 7, 2016 Share Posted October 7, 2016 http://finance.yahoo.com/news/russell-breweries-inc-enters-two-152115137.html Russell is selling-off the company for approximately $0.085 on a per share basis, which represents a premium of 35%. Does anyone know what is the cost basis for Premier as it was via a share swap? Sanjeev, the hunt begins... Link to comment Share on other sites More sharing options...
Otsog Posted October 7, 2016 Share Posted October 7, 2016 PDH is buying 14,506,00 shares (~17%) of Russell Breweries from MPIC and G. Andrew Cooke. Total value is $1,218,504. PDH is issuing 5,802,400 shares for purchase and is paying a pretty significant price premium (68%). PDH shares at $.21 and Russell Shares at $.05. PDH value $1,218,504 and Russell value at $725,300. pdh-russell.pdf Link to comment Share on other sites More sharing options...
Otsog Posted October 7, 2016 Share Posted October 7, 2016 So, $0.084 cost basis based on PDH @ $0.21 Cost of $0.056 cost based on today's closing price. Link to comment Share on other sites More sharing options...
goldfinger Posted November 3, 2016 Share Posted November 3, 2016 More purchases of Sequant Re equity on 10/28/2016 - with a 41.81% total ownership now... I wish we had more news about what's up at Sequant Re though... It is quite opaque at the moment... The Company completed a share purchase of 600,000 common shares ("Shares") of Sequant Re Holdings Limited ("SRHL") at USD$0.50 per common share for total consideration of USD$300,000. The acquisition was made through the Company's wholly-owned subsidiary, Premier Diversified Holdings (Bermuda) Ltd. ("Premier Bermuda"), which is the registered holder of the Shares. Item 5 Full Description of Material Change 5.1 Full Description of Material Change Premier acquired 600,000 Shares of SRHL at USD$0.50 per common share for total consideration of USD$300,000 (approximately CAD$400,020). The acquisition was made through Premier Bermuda, which is the registered holder of the Shares. The purchase price was paid in cash by Premier Bermuda, from a loan made by Premier. Following this acquisition, Premier holds a total of 4,726,000 common shares of SRHL (approximately 41.81% on an undiluted basis), all of which are held indirectly through Premier Bermuda. Link to comment Share on other sites More sharing options...
rkbabang Posted November 3, 2016 Share Posted November 3, 2016 More purchases of Sequant Re equity on 10/28/2016 - with a 41.81% total ownership now... I wish we had more news about what's up at Sequant Re though... It is quite opaque at the moment... I agree. The continued buying does show that Sanjeev&Co. are still bullish on Sequant Re though. That itself is a kind of information I guess. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 3, 2016 Share Posted November 3, 2016 Or Sanjeev is stuck and forced to continue to increase his position as Sequant Re continues to burn through cash. More purchases of Sequant Re equity on 10/28/2016 - with a 41.81% total ownership now... I wish we had more news about what's up at Sequant Re though... It is quite opaque at the moment... I agree. The continued buying does show that Sanjeev&Co. are still bullish on Sequant Re though. That itself is a kind of information I guess. Link to comment Share on other sites More sharing options...
rkbabang Posted November 3, 2016 Share Posted November 3, 2016 Or Sanjeev is stuck and forced to continue to increase his position as Sequant Re continues to burn through cash. Or that. Link to comment Share on other sites More sharing options...
tombgrt Posted November 3, 2016 Share Posted November 3, 2016 Or Sanjeev is stuck and forced to continue to increase his position as Sequant Re continues to burn through cash. More purchases of Sequant Re equity on 10/28/2016 - with a 41.81% total ownership now... I wish we had more news about what's up at Sequant Re though... It is quite opaque at the moment... I agree. The continued buying does show that Sanjeev&Co. are still bullish on Sequant Re though. That itself is a kind of information I guess. Was thinking the same. Not exactly liquid to let go and ultimately the risk adjusted return might be better by trying to right the ship, even it this means putting more capital at risk. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 3, 2016 Share Posted November 3, 2016 Which is unfortunate as there seems to be no demand for this type of Insurance product. Or Sanjeev is stuck and forced to continue to increase his position as Sequant Re continues to burn through cash. More purchases of Sequant Re equity on 10/28/2016 - with a 41.81% total ownership now... I wish we had more news about what's up at Sequant Re though... It is quite opaque at the moment... I agree. The continued buying does show that Sanjeev&Co. are still bullish on Sequant Re though. That itself is a kind of information I guess. Was thinking the same. Not exactly liquid to let go and ultimately the risk adjusted return might be better by trying to right the ship, even it this means putting more capital at risk. Link to comment Share on other sites More sharing options...
benchmark Posted November 3, 2016 Share Posted November 3, 2016 Which is unfortunate as there seems to be no demand for this type of Insurance product. The concept seems intriguing -- how did you know that there is no market? Link to comment Share on other sites More sharing options...
bizaro86 Posted November 4, 2016 Share Posted November 4, 2016 I doubt there is no market, but building a platform business is hard. You need scale of buyers and sellers at roughly the same time. Platform businesses are high risk high reward startups. If you succeed you've created a durable moat quality business. But if you don't reach scale, a platfom startup is likely a total loss. Link to comment Share on other sites More sharing options...
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