KFRCanuk Posted February 3, 2020 Share Posted February 3, 2020 PREMIER DIVERSIFIED HOLDINGS INC. MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED SEPTEMBER 30, 2019 dropped last week on sedar. Link to comment Share on other sites More sharing options...
Jurgis Posted February 3, 2020 Share Posted February 3, 2020 Material Uncertainty Related to Going Concern We draw attention to Note 1 of the consolidated financial statements, which indicates that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Link to comment Share on other sites More sharing options...
gurpaul88 Posted February 3, 2020 Share Posted February 3, 2020 Keep collecting those related party transaction fees though. Link to comment Share on other sites More sharing options...
Spekulatius Posted February 4, 2020 Share Posted February 4, 2020 775k in Corporate expenses and ~1.4M in equity. Ouch! Link to comment Share on other sites More sharing options...
Gregmal Posted February 4, 2020 Share Posted February 4, 2020 Yea I was wondering where Sanj has been. A few politics threads need to be moved. Putting out the fire? Or walking Old Yeller out to the shed? Link to comment Share on other sites More sharing options...
OracleofCarolina Posted February 4, 2020 Share Posted February 4, 2020 a bright spot I noticed in the filings....Zed Therapeutics https://zedtherapeutics.com/ Link to comment Share on other sites More sharing options...
compoundinglife Posted February 4, 2020 Share Posted February 4, 2020 a bright spot I noticed in the filings....Zed Therapeutics https://zedtherapeutics.com/ Fingers crossed Zed works out. It appears MyCare and Purposely aren't getting any traction. For being live a year Purposely has hardly any users on the site. It is concerning how much money they are throwing at Mycare/GoEvisit. Look at the reviews for the GoEvisit app on the Apple and Google store, compare that to there competitor Akira. The # of reviews for Akira has grown quite a big and the # of reviews for GoEvisit has hardly moved. GoEvisit is not getting any traction. Appears to be another case of throwing good money after bad like Sequant Re. This game is 1 in 10 situation if you are good at it. When you only have capital to do a few the odds are not good. Prasad, as a shareholder I would happy to provide free input you can take or leave on the DD you are doing for these tech startups. I have been through a bunch. Link to comment Share on other sites More sharing options...
benchmark Posted February 6, 2020 Share Posted February 6, 2020 It's been frustrating -- the Sequent Re saga is being replayed with MyCare, etc. Stop being a VC and trying to hit it out of the park when you don't have enough capital to lose. Link to comment Share on other sites More sharing options...
Cardboard Posted February 7, 2020 Share Posted February 7, 2020 Looks like someone took a page from Trump and the Atlantic City casinos. Link to comment Share on other sites More sharing options...
Gregmal Posted February 7, 2020 Share Posted February 7, 2020 https://www.amazon.com/Trump-Art-Deal/dp/B01FY3KPY8/ref=sr_1_1?crid=16EORZLRQ4NKZ&keywords=art+of+the+deal&qid=1581040947&sprefix=art+o%2Caps%2C158&sr=8-1 Link to comment Share on other sites More sharing options...
benchmark Posted February 7, 2020 Share Posted February 7, 2020 a bright spot I noticed in the filings....Zed Therapeutics https://zedtherapeutics.com/ I remember that Sanjeev mentioned in his last letter that there is a liquidity event for Zed, what happened with that? Link to comment Share on other sites More sharing options...
Partner24 Posted February 14, 2020 Share Posted February 14, 2020 My investment in Sanjeev's business is the most expensive lesson I had in my life. Lesson learned. You can have the integrity, the intelligence, the knowledge about Buffett, the great determination to build a community around it, etc. Ultimately, all these great qualities are worthless without enough discipline. Link to comment Share on other sites More sharing options...
opihiman2 Posted March 13, 2020 Share Posted March 13, 2020 My investment in Sanjeev's business is the most expensive lesson I had in my life. Lesson learned. You can have the integrity, the intelligence, the knowledge about Buffett, the great determination to build a community around it, etc. Ultimately, all these great qualities are worthless without enough discipline. Wow... to think I almost went in to MPIC 10 years ago. Big eye opener. I can't help but think the game has changed dramatically. Even Warren Buffet is having a tough slog in the markets the past 10 years by making a ton of uninspired bets. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted March 17, 2020 Share Posted March 17, 2020 Sanjeev, Has there been any increase or interest in the Evisit business? Seems this could be leveraged and in high demand at these times. Link to comment Share on other sites More sharing options...
Parsad Posted March 18, 2020 Share Posted March 18, 2020 Sanjeev, Has there been any increase or interest in the Evisit business? Seems this could be leveraged and in high demand at these times. Yes, in an immense way! We've struggled for years trying to scale up and then the perfect storm hit...Covid-19! Please see below, which went out to a select list of 25 contacts, and will go out to another 25 this week. These are extraordinary times we live in, and Covid-19 has become the black swan event that the world dreaded! We wish everyone well as we face this global challenge. Like any other crisis, we will come through this. Just under two years ago, Premier, along with Liz Bryant and Jim Viccars, helped launch a telemedicine business called www.goevisit.com. We operate 24/7 in all provinces other than Quebec. Like most new interfaces, it was a challenge getting consumers to give telemedicine a try…we struggled and struggled until the current black swan event hit! • About two weeks ago, we closed a contract with People Corp, which planned on onboarding their 1.1M insurance members over the next three years…in the last 24 hours, they’ve said that they want to onboard all 1.1M members immediately. • We will be the first telemedicine business with a Covid-19 assessment module…available this week. • We are close to signing a second large insurer! • We are in 30 Save-on Foods pharmacies and working on expanding to all of their stores. • We are in discussions with Rexall to get into their pharmacies and client base. • Currently, we can have prescriptions sent to any pharmacy the patient desires, and can also have prescriptions delivered through two partnerships we have with Drug Smart Pharmacy and Alliance Pharmacy. • We are seeking partnerships with credit card companies, travel agencies, organizational bodies, etc. We are seeking either a single investor or consortium of investors to invest up to $5M for us to expand into the U.S. and continue to grow the Canadian business. • We have a Spanish module ready for the U.S., and can have operations running there in 90 days, with the Covid-19 assessment module operating as a standalone clinic immediately. • We can also have modules for international countries set up rapidly as well…such as India, China, etc, and would be interested in investment partners for international expansion. I believe we have a window of about 1 year to expand rapidly simply due to the sheer volume of assessments that will be required. As well as clinics, hospitals being overwhelmed and front-line staff getting sick or becoming overworked. In British Columbia alone, the provincial government today announced that they will be focused on dealing with emergency circumstances, while all elective surgery and non-emergency visits will be delayed. That means hospitals will be dealing almost solely with Covid-19, and simple day-to-day medical needs will not be met by the government and hospitals. That year of rapid growth will give us a substantial presence in North America and ground goevisit’s long-term prospects after the crisis is over. This pandemic will have a disruptive effect on the long-term way we interact socially, and almost certainly on how close-contact medical treatment is conducted over time…long waits at the doctor’s office with people carrying various viruses/illnesses will become a thing of the past. I encourage you to read the attached presentation. Liz and Jim are available for teleconference meetings at your request. We will move forward as soon as we’ve raised the first $1M of investment capital and will close the current offering at no more than $5M. Thank you for your friendship and support! I wish you well at this time in history! If you are an accredited investor, and have any interest, please contact Liz Bryant (liz@goevisit.com) or myself (sparsad@pdh-inc.com) and we will send you the presentation and subscription documents. Cheers! Link to comment Share on other sites More sharing options...
longtermdave Posted March 20, 2020 Share Posted March 20, 2020 Sanjeev - If you're able, can you comment on the competitive landscape for the business in the US? How does goEvisit differ from Teladoc, Amwell, or dr+ on demand, for example? What are the barriers to entry and regulatory burdens that come from trying to enter 50 different states? Does the business compete for doctors as well as patients? Link to comment Share on other sites More sharing options...
Cevian Posted May 4, 2020 Share Posted May 4, 2020 Hi Sanjeev, any expectation on when Q1 will be released? Link to comment Share on other sites More sharing options...
OracleofCarolina Posted June 5, 2020 Share Posted June 5, 2020 still rooting for you Sanjeev! Premier Diversified Holdings Inc. Announces Sale of Initio Medical Group Inc. Sale of Initio Medical Group Inc. VANCOUVER, British Columbia, June 05, 2020 -- Premier Diversified Holdings Inc. ("Premier" or the "Company") (TSXV: PDH) announces that it has entered into a share purchase agreement dated June 2, 2020 with a privately-held numbered company incorporated in Ontario (the "Buyer") for the sale of all of the issued and outstanding shares of Initio Medical Group Inc. ("Initio"). Initio is a wholly-owned subsidiary of Premier which provides medical diagnostic scans at a clinic situated in Burnaby, B.C. Premier is selling its entire interest in Initio for a purchase price of $200,000. The buyer is a privately-held Ontario company which is not a Non-Arm's Length Party of the Issuer. Initio is currently operating at a loss and has experienced a sharp decline in business during restrictions related to the novel coronavirus pandemic. The President of Premier, Sanjeev Parsad, commented as follows, "Our goal has always been to provide British Columbians with the choice to obtain a PET/CT scan at Initio, a private PET/CT facility. At this time, we are not in a position to continue operations of Initio. We feel the best way forward for the Initio staff and for the patient community in B.C. is to sell Initio to a buyer who can carry on the business. We wish to see Initio succeed and wish the new team well in its future endeavours." Link to comment Share on other sites More sharing options...
wondering Posted September 15, 2020 Share Posted September 15, 2020 https://financialpost.com/news/retail-marketing/loblaw-takes-75-million-stake-in-largest-virtual-healthcare-provider-in-canada/wcm/7cf014bc-dd76-43b3-a4c4-12ae5866a526/ Sanjeev, I am not sure if you can reveal any updates on GoEvisit. Does news imply that the value of GoEvisit is growing? Any comment would be helpful, but I don't you to break any TSX disclosure rules. Link to comment Share on other sites More sharing options...
compoundinglife Posted October 22, 2020 Share Posted October 22, 2020 I am still not seeing any signs of life on the internet for GoEvisit picking up steam. The app still has only 32 ratings vs 10K ratings for the Akira Healthcare on demand app. Google trends seems to show fits and starts for search traffic but nothing consistent. No news or PR. The last update Prasad provided sounds great but I am skeptical that any progress has been made in the business. Anyone in Canada see any anecdotal evidence or have any scuttlebutt that indicates otherwise? Link to comment Share on other sites More sharing options...
clutch Posted October 22, 2020 Share Posted October 22, 2020 I am still not seeing any signs of life on the internet for GoEvisit picking up steam. The app still has only 32 ratings vs 10K ratings for the Akira Healthcare on demand app. Google trends seems to show fits and starts for search traffic but nothing consistent. No news or PR. The last update Prasad provided sounds great but I am skeptical that any progress has been made in the business. Anyone in Canada see any anecdotal evidence or have any scuttlebutt that indicates otherwise? The company I work for (multinational nasdaq listed) has Akira as part of medical benefit here in Canada FYI. I see that many other companies also use Akira. Link to comment Share on other sites More sharing options...
compoundinglife Posted October 22, 2020 Share Posted October 22, 2020 The company I work for (multinational nasdaq listed) has Akira as part of medical benefit here in Canada FYI. I see that many other companies also use Akira. Thanks for the info. I am rooting for Sanjeev and have been a holder for 5 or 6 years. So definitely interested in success here. But at the moment it’s hard to be optimistic on the GoEvisit investment. Besides the other observations, the CTO on LinkedIn is a part time contractor to the company with other irons in the fire. The CEO self publishes children’s books. Not that there is anything wrong with either of those things. But a startup requires 100% focus of the founders and leaders. Reading in between the lines I get the impression they view this as a hobby or part time endeavor. Hope I am wrong. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 26, 2020 Share Posted November 26, 2020 https://finance.yahoo.com/news/premier-diversified-holdings-inc-certain-014300966.html PDH increases investment in MyCare MedTech Inc. Premier entered into subscription agreements to acquire Class B Preferred shares of MMI in August, September, October and November 2020 (the "MMI Investment"). A total of 1,653,846 shares were acquired at $0.26 per share for an aggregate purchase price of $430,000. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 26, 2020 Share Posted November 26, 2020 https://finance.yahoo.com/news/premier-diversified-holdings-inc-certain-014300966.html A lot of potential catalyst happening over the next 3-6 months 1. The amended agreement changed the previous secured loan made to MMI by increasing the principal amount which may be loaned by Premier to MMI from $500,000 to up to $610,000 (Which the company is getting a 3% interest spread between what they borrowed vs what they are receiving) 2. PDH increases investment in MyCare MedTech Inc. Premier entered into subscription agreements to acquire Class B Preferred shares of MMI in August, September, October and November 2020 (the "MMI Investment"). A total of 1,653,846 shares were acquired at $0.26 per share for an aggregate purchase price of $430,000. 3. Purposely Platform Inc. update - Premier anticipates will commence generating revenues on December 1, 2020 4. Arcola update - estimated completion date for the project is the end of March 2021. Link to comment Share on other sites More sharing options...
OracleofCarolina Posted November 26, 2020 Share Posted November 26, 2020 Any news on Zed Theraputics? Link to comment Share on other sites More sharing options...
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