Parsad Posted January 28, 2019 Share Posted January 28, 2019 Hi Sanjeev, Can we get an update on when you plan to release a shareholder letter this year? Last year it was released on the 29th, just wondering if we can look forward to one this week. Also, any idea on when the financials will be released for the annual report. Annual report has to be filed within 120 days of quarter end...you can assume that would mean it would be released this week then. Annual letter will come out a couple of weeks later. Cheers! Link to comment Share on other sites More sharing options...
Ballinvarosig Investors Posted January 28, 2019 Share Posted January 28, 2019 Hi Sanjeev, Can we get an update on when you plan to release a shareholder letter this year? Last year it was released on the 29th, just wondering if we can look forward to one this week. Also, any idea on when the financials will be released for the annual report. Annual report has to be filed within 120 days of quarter end...you can assume that would mean it would be released this week then. Annual letter will come out a couple of weeks later. Cheers! Will we ever see the MPIC 2017 report published? Link to comment Share on other sites More sharing options...
MarioP Posted February 5, 2019 Share Posted February 5, 2019 It seems that somebody value it at at least 0,05 per share https://finance.yahoo.com/news/premier-diversified-holdings-inc-announces-215234453.html Link to comment Share on other sites More sharing options...
Cevian Posted February 5, 2019 Share Posted February 5, 2019 I think it sends a positive signal if someone is willing to invest additional funds at 0.05. Link to comment Share on other sites More sharing options...
ourkid8 Posted February 5, 2019 Share Posted February 5, 2019 The real question is, who is the buyer? If it is Sanjeev's fund, then it does not send a positive signal. Has the annual report been filed? I think it sends a positive signal if someone is willing to invest additional funds at 0.05. Link to comment Share on other sites More sharing options...
benchmark Posted February 5, 2019 Share Posted February 5, 2019 It seems that somebody value it at at least 0,05 per share https://finance.yahoo.com/news/premier-diversified-holdings-inc-announces-215234453.html Is this $0.05 Canadian? Link to comment Share on other sites More sharing options...
OracleofCarolina Posted February 5, 2019 Share Posted February 5, 2019 Yes, Canadian Link to comment Share on other sites More sharing options...
Haasje Posted February 5, 2019 Share Posted February 5, 2019 +warrant Link to comment Share on other sites More sharing options...
benchmark Posted February 5, 2019 Share Posted February 5, 2019 +warrant This is a pretty big dilution -- 30M share if the warrants are exercised, around 20% dilution. Link to comment Share on other sites More sharing options...
Gregmal Posted February 5, 2019 Share Posted February 5, 2019 I dont know what you guys expect here. This is really the only option a company like this has. Link to comment Share on other sites More sharing options...
benchmark Posted February 5, 2019 Share Posted February 5, 2019 I dont know what you guys expect here. This is really the only option a company like this has. Dilution is expected -- I guess I wasn't expecting a 20% dilution :( Link to comment Share on other sites More sharing options...
Jurgis Posted February 5, 2019 Share Posted February 5, 2019 I dont know what you guys expect here. This is really the only option a company like this has. Dilution is expected -- I guess I wasn't expecting a 20% dilution :( And this only gains $750,000. Yeah, I know it's $750,000, not $75,000. But still - will it make (a/any/much) difference? Link to comment Share on other sites More sharing options...
ourkid8 Posted February 5, 2019 Share Posted February 5, 2019 Sanjeev maybe loading up for an acquisition which is cash flow positive! I dont know what you guys expect here. This is really the only option a company like this has. Dilution is expected -- I guess I wasn't expecting a 20% dilution :( And this only gains $750,000. Yeah, I know it's $750,000, not $75,000. But still - will it make (a/any/much) difference? Link to comment Share on other sites More sharing options...
Spekulatius Posted February 5, 2019 Share Posted February 5, 2019 750k covers the burn rate for a bit more than a year. They have got to keep the lights on. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted February 5, 2019 Share Posted February 5, 2019 Maybe PDH could do a rights offering to raise more capital? Not sure if that is even allowed for this type of listing though Link to comment Share on other sites More sharing options...
TwoCitiesCapital Posted February 6, 2019 Share Posted February 6, 2019 +warrant This is a pretty big dilution -- 30M share if the warrants are exercised, around 20% dilution. This. Saying someone has confidence at 0.05 isn't true - someone has confidence that they can spend 0.05/share and get a lottery ticker in the event it works. Link to comment Share on other sites More sharing options...
Gregmal Posted February 6, 2019 Share Posted February 6, 2019 Sanjeev man, shut it down and start over. You have to know the saying of a good manager and a bad business...... Despite being a flaming liberal I think you're gifted, honest, and can do much better if you get a clean slate and fresh start. This dog has rabies and needs to be put down... Link to comment Share on other sites More sharing options...
shalab Posted February 9, 2019 Share Posted February 9, 2019 I don't think all the dynamics are obvious or in the public domain. At this point, the fund is majority owned by the operators and FRFHF. I also have a feeling that the private placement at 5 cents/share is mostly to the fund. The 2016 MPIC letter (available in their website) gives some insight. There have been no updates since. On Jan 1st, 2017, the price of PDH was still at 0.13 cents (CAD). The CAD $ drop against USD was already over by that time. In 2014, our strategy changed significantly due to our investment in Premier Diversified Holdings Inc.(formerly Premier Diagnostics Health Services), much to the chagrin of some partners. And rightfully so, when viewed in terms of the effect on our short-term performance. But the reason we changed our strategy was to benefit the long-term partners in MPIC Fund I, LP, including the general partner! ... We knew we had to do three things: 1.Grow non-PDH assets dramatically. 2.Bring in additional capital to reduce PDH’s size of assets under management. 3.Stabilize and grow PDH. #1 was achieved in 2016 with us investing approximately $5.76M into non-PDH investments and returning approximately $8.16M for a gain of a little better than 41%. #2 was achieved in early 2017 with a $5M investment by two subsidiaries of Fairfax Financial. With the success of the first two items, and a drop in PDH’s price in 2016, PDH now makes up less than29% of fund assets...below the original maximum threshold we wanted. #3 is at hand: They had 11.5 million in AUM by end of 2016. 1.4 million is owned by the general partner and I guess FRFHF owns at least 5 million, may be more. Sanjeev man, shut it down and start over. You have to know the saying of a good manager and a bad business...... Despite being a flaming liberal I think you're gifted, honest, and can do much better if you get a clean slate and fresh start. This dog has rabies and needs to be put down... Link to comment Share on other sites More sharing options...
ourkid8 Posted March 4, 2019 Share Posted March 4, 2019 Hi Sanjeev, when is the annual report being released? Link to comment Share on other sites More sharing options...
Parsad Posted March 4, 2019 Share Posted March 4, 2019 Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! Link to comment Share on other sites More sharing options...
ourkid8 Posted March 22, 2019 Share Posted March 22, 2019 Ok, tks...we are patiently waiting. Sanjeev, would you please elaborate on the rolling stock option plan you are looking to implement? This allows the ability to grant stock options for an amount equal to 10% of the company's issued and outstanding shares every year. That looks to be seriously excessive but would you please shed additional light? "The TSXV requires annual shareholder approval for all rolling stock option plans implemented by issuers with shares listed on the TSXV. The Plan is a rolling stock option plan which sets the number of Stock Options available for grant by the Company at an amount equal to 10% of the Company’s issued and outstanding Common Shares from time to time. Under TSXV policies, the Stock Option Plan must be approved and ratified by the Shareholders on an annual basis. " Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! Link to comment Share on other sites More sharing options...
Parsad Posted March 22, 2019 Share Posted March 22, 2019 Ok, tks...we are patiently waiting. Sanjeev, would you please elaborate on the rolling stock option plan you are looking to implement? This allows the ability to grant stock options for an amount equal to 10% of the company's issued and outstanding shares every year. That looks to be seriously excessive but would you please shed additional light? "The TSXV requires annual shareholder approval for all rolling stock option plans implemented by issuers with shares listed on the TSXV. The Plan is a rolling stock option plan which sets the number of Stock Options available for grant by the Company at an amount equal to 10% of the Company’s issued and outstanding Common Shares from time to time. Under TSXV policies, the Stock Option Plan must be approved and ratified by the Shareholders on an annual basis. " Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! We have that in there to have flexibility in our compensation options. We probably won't use it, as I don't believe options at the parent level are the best way to target or reward employees whose work is focused on subsidiaries. The options that we had in the past were issued under previous management...I'm not a big fan of options. That being said, as a very small company, sometimes you don't have a lot you can offer as compensation when base salaries are lower than the competition and you don't want to give up equity. Cash bonuses are an option, but if cash is tight in a subsidiary as it grows, the cash has to come from somewhere. I would recommend that every armchair quarterback out there, go and run a business for 3-5 years...you would learn an immense amount that buying and selling securities cannot teach you. You would be humbled, astounded and at times shake your head at what you see and learn. But it is a very interesting challenge with so many more variables than analyzing securities encounters! Imagine playing poker, but 20 hands at a time! Cheers! Link to comment Share on other sites More sharing options...
karthikpm Posted March 22, 2019 Share Posted March 22, 2019 Ok, tks...we are patiently waiting. Sanjeev, would you please elaborate on the rolling stock option plan you are looking to implement? This allows the ability to grant stock options for an amount equal to 10% of the company's issued and outstanding shares every year. That looks to be seriously excessive but would you please shed additional light? "The TSXV requires annual shareholder approval for all rolling stock option plans implemented by issuers with shares listed on the TSXV. The Plan is a rolling stock option plan which sets the number of Stock Options available for grant by the Company at an amount equal to 10% of the Company’s issued and outstanding Common Shares from time to time. Under TSXV policies, the Stock Option Plan must be approved and ratified by the Shareholders on an annual basis. " Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! We have that in there to have flexibility in our compensation options. We probably won't use it, as I don't believe options at the parent level are the best way to target or reward employees whose work is focused on subsidiaries. The options that we had in the past were issued under previous management...I'm not a big fan of options. That being said, as a very small company, sometimes you don't have a lot you can offer as compensation when base salaries are lower than the competition and you don't want to give up equity. Cash bonuses are an option, but if cash is tight in a subsidiary as it grows, the cash has to come from somewhere. I would recommend that every armchair quarterback out there, go and run a business for 3-5 years...you would learn an immense amount that buying and selling securities cannot teach you. You would be humbled, astounded and at times shake your head at what you see and learn. But it is a very interesting challenge with so many more variables than analyzing securities encounters! Imagine playing poker, but 20 hands at a time! Cheers! Parsad - you are in a unique (& unfortunate position) of having to defend & explain PDH on a public forum.. No CEO or manager is out there explaining their decisions to a bunch of groupies on a web forum . You should not be expected to participate in this thread to explain or defend your decisions. Don't you think it unduly influences how you make decisions regarding the company if you're always under the microscope? Link to comment Share on other sites More sharing options...
Parsad Posted March 22, 2019 Share Posted March 22, 2019 Ok, tks...we are patiently waiting. Sanjeev, would you please elaborate on the rolling stock option plan you are looking to implement? This allows the ability to grant stock options for an amount equal to 10% of the company's issued and outstanding shares every year. That looks to be seriously excessive but would you please shed additional light? "The TSXV requires annual shareholder approval for all rolling stock option plans implemented by issuers with shares listed on the TSXV. The Plan is a rolling stock option plan which sets the number of Stock Options available for grant by the Company at an amount equal to 10% of the Company’s issued and outstanding Common Shares from time to time. Under TSXV policies, the Stock Option Plan must be approved and ratified by the Shareholders on an annual basis. " Hi Sanjeev, when is the annual report being released? Annual report is already out on SEDAR. Letter will come out shortly...there are some things happening around ZED that we want to include in the letter. Cheers! We have that in there to have flexibility in our compensation options. We probably won't use it, as I don't believe options at the parent level are the best way to target or reward employees whose work is focused on subsidiaries. The options that we had in the past were issued under previous management...I'm not a big fan of options. That being said, as a very small company, sometimes you don't have a lot you can offer as compensation when base salaries are lower than the competition and you don't want to give up equity. Cash bonuses are an option, but if cash is tight in a subsidiary as it grows, the cash has to come from somewhere. I would recommend that every armchair quarterback out there, go and run a business for 3-5 years...you would learn an immense amount that buying and selling securities cannot teach you. You would be humbled, astounded and at times shake your head at what you see and learn. But it is a very interesting challenge with so many more variables than analyzing securities encounters! Imagine playing poker, but 20 hands at a time! Cheers! Parsad - you are in a unique (& unfortunate position) of having to defend & explain PDH on a public forum.. No CEO or manager is out there explaining their decisions to a bunch of groupies on a web forum . You should not be expected to participate in this thread to explain or defend your decisions. Don't you think it unduly influences how you make decisions regarding the company if you're always under the microscope? Hi Karthik, Great question and comment! One thing we did this year is I've stopped taking emails and calls from shareholders discussing the company or particular issues. I would much rather answer a question to a wide audience via the board, annual letter or AGM if I can, than on a one-on-one call or email. We aren't ignoring the individual shareholder...if it is a specific question regarding the shareholder's interest, filings, AGM, events, etc, it gets passed on to Marta (legal counsel) or Nicole (assistant) to answer. But if I can answer a reasonable question that regulations wouldn't have an issue with, then I prefer to do it on a forum like this to a broader audience of shareholders. And again, I apologize for the delay with the annual letter, but we are pushing things as far as we can so that we can talk about ZED. All I can say is that sometimes it's better to be lucky than smart! Cheers! Link to comment Share on other sites More sharing options...
CONeal Posted April 2, 2019 Share Posted April 2, 2019 Just a heads up to everyone the annual letter has been released. Link to comment Share on other sites More sharing options...
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