PDH - Premier Diversified Holdings Inc.

[wachtwoord]

IB has PRDGF but when I try to make an order ot says no trading permissions. What trading permissions do I need? I have OTC.

 

When I transferred from Scottrade, they told me that I would have to trade it through IB's trading desk, but then even the transfer failed and the shares went back to Scottrade so I'm assuming they don't support trading in this name for some reason.

 

It's just weird that I can find it in the trader desk. Usually if they don't support it you can't find it (like with the OTC for Clarke CLKFF).

 

I'll drop them a support ticket when I have time.

 

I asked IB and they don't support "gray market shares".

 

I didn't reply to the ticket further yet (my token generator is at home) but I did some Googling and found this:

 

"Note that while IB does not offer access to the Canadian Securities Exchange (CNSX), shares which are listed on that designated exchange may be transferred into and held in a RSP or TFSA account held with IB, but must be transferred elsewhere to close." (https://ibkb.interactivebrokers.com/article/2374)

 

So there might be a way but it gets very complicated.

 

 

[ourkid8]

*hint hint* - we are waiting. 

 

Sanjeev, when will you be releasing year end results?  Based on my understanding Sept 30th was the end of your fiscal year.

 

I believe January 28th is the latest they can file - check out the link here: https://www.osc.gov.on.ca/en/Companies_filing-calendar_index.htm

 

Correct.  We plan on filing before that, but that is the official deadline.  Thanks!

[Parsad]

*hint hint* - we are waiting. 

 

Sanjeev, when will you be releasing year end results?  Based on my understanding Sept 30th was the end of your fiscal year.

 

I believe January 28th is the latest they can file - check out the link here: https://www.osc.gov.on.ca/en/Companies_filing-calendar_index.htm

 

Correct.  We plan on filing before that, but that is the official deadline.  Thanks!

 

Don't get your hopes up for a stellar report! 

 

I don't want our shareholders to be excited or depressed either way, but to understand that progress is being made.  Until we make those one or two acquisitions that bring in $1-1.5M in positive free cash flow, or Sequant is out of start-up mode, you will see losses.  We had three deals go sideways this year, but we won't pay up or compromise.  We hope to close on a couple in 2016 that will turn the tide.

 

The report will be out closer to the end of the month, so a couple of weeks away still, but I will let you know as much as I can in the annual letter about what is happening.  Cheers and thanks for your support!

[CassiusKing1]

[InelegantInvestor]

Results and Letter are out: http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030626

[racemize]

Is this the first letter from Sanjeev, or was there an older one?

[intothebreach]

There was one last year. Should be on Sedar.

[Partner24]

I red your letter Sanjeev. Straight-foward, long term intrinsic value oriented, etc. You are doing good efforts to turn things around and create long term shareholder value.

 

Congragulations Sanjeev. Keep up the good work. It's a pleasure to be a shareholder of the company you manage. I hope that the stock price will keep at these levels...me and some of my family members will keep buying some.

 

Cheers!

[CONeal]

http://www.cnsx.ca/cmsAssets/docs/Filings/2016/2016_02_17_13_58_26_pdh_PDH_-_News_Release_announcing_Reinsurance_Investment_[Feb_2016].pdf

 

Adding more to the Sequant investment during another round of funding.  Looking to start generating fee income in 2016 to help reduce future needs, which is nice.

[wisdom]

http://www.marketwired.com/press-release/premier-diversified-holdings-inc-announces-share-purchase-cnsx-pdh-2097689.htm

 

This link might work.

[Libs]

Has the date / place of the annual meeting been set?

[racemize]

There was one last year. Should be on Sedar.

 

Does anyone have it?  Hunting through all the "other"s on Sedar is pretty awful.

[CONeal]

There was one last year. Should be on Sedar.

 

Does anyone have it?  Hunting through all the "other"s on Sedar is pretty awful.

 

Here you go

Premier_2014_ANNUAL.pdf

[racemize]

There was one last year. Should be on Sedar.

 

Does anyone have it?  Hunting through all the "other"s on Sedar is pretty awful.

 

Here you go

 

Thanks, I didn't realize it was just the MD&A section.  This time, he had a separate letter.

[Parsad]

There was one last year. Should be on Sedar.

 

Does anyone have it?  Hunting through all the "other"s on Sedar is pretty awful.

 

Here you go

 

Thanks, I didn't realize it was just the MD&A section.  This time, he had a separate letter.

 

It was the first official letter as "Premier Diversified Holdings Inc.", whereas the previous letter was still under the "Premier Diagnostics Health Services" banner.  I felt shareholders deserved a more extensive letter beginning this year with the company headed in a new direction.  Cheers!

[karthikpm]

Parsad

 

I suspect we will get the paper version in the mail ?

 

 

[ourkid8]

Can someone help me understand what premier wrote in the progress report? Is premier planning a private placement of convertible preferred shares? We are in april and I have not seen an announcement yet. It seems they are also planning another clinic as well which is great. let's hope there is no further dilution as my preference is Sanjeev sell non-core investments to fund the expansion e.g. real estate in vancouver and russell.

 

The Issuer's management teams in China and Canada concluded preparations for a private placement financing of convertible preferred shares of one of the Issuer's Chinese subsidiaries, Premier Investment (Hong Kong) Ltd. ("PIHK"), with the goal of launching the offering in March 2016 following the Chinese New Year celebrations. PIHK is a private Hong Kong company wholly owned by Premier. PIHK is currently inactive and holds a 100% interest in Premier Investment Shanghai, a wholly-owned foreign enterprise registered in the Shanghai Free Trade Zone. The Issuer's management team in China also continued to carry out activities in furtherance of proposed expansion plans to establish new Premier Diagnostic Centres in China, which the Issuer anticipates will provide PET-CT and/or MRI scans

[CONeal]

Can someone help me understand what premier wrote in the progress report? Is premier planning a private placement of convertible preferred shares? We are in april and I have not seen an announcement yet. It seems they are also planning another clinic as well which is great. let's hope there is no further dilution as my preference is Sanjeev sell non-core investments to fund the expansion e.g. real estate in vancouver and russell.

 

The Issuer's management teams in China and Canada concluded preparations for a private placement financing of convertible preferred shares of one of the Issuer's Chinese subsidiaries, Premier Investment (Hong Kong) Ltd. ("PIHK"), with the goal of launching the offering in March 2016 following the Chinese New Year celebrations. PIHK is a private Hong Kong company wholly owned by Premier. PIHK is currently inactive and holds a 100% interest in Premier Investment Shanghai, a wholly-owned foreign enterprise registered in the Shanghai Free Trade Zone. The Issuer's management team in China also continued to carry out activities in furtherance of proposed expansion plans to establish new Premier Diagnostic Centres in China, which the Issuer anticipates will provide PET-CT and/or MRI scans

 

Just a guess but they are planning to raise funds in China for investments specific to that country.  Think about it like in 2014 they raised funds for investments in Canada/US and the China arm or the company didn't get any of those funds.  Now they are raising funds in China to start the investment operation over there.  In my view, it would not be wise to move the funds back and forth from here to China as I am sure there are tax/other implications doing so.  Also, with the size of the company it's just a step in growing. 

[oddballstocks]

Can someone help me understand what premier wrote in the progress report? Is premier planning a private placement of convertible preferred shares? We are in april and I have not seen an announcement yet. It seems they are also planning another clinic as well which is great. let's hope there is no further dilution as my preference is Sanjeev sell non-core investments to fund the expansion e.g. real estate in vancouver and russell.

 

The Issuer's management teams in China and Canada concluded preparations for a private placement financing of convertible preferred shares of one of the Issuer's Chinese subsidiaries, Premier Investment (Hong Kong) Ltd. ("PIHK"), with the goal of launching the offering in March 2016 following the Chinese New Year celebrations. PIHK is a private Hong Kong company wholly owned by Premier. PIHK is currently inactive and holds a 100% interest in Premier Investment Shanghai, a wholly-owned foreign enterprise registered in the Shanghai Free Trade Zone. The Issuer's management team in China also continued to carry out activities in furtherance of proposed expansion plans to establish new Premier Diagnostic Centres in China, which the Issuer anticipates will provide PET-CT and/or MRI scans

 

Just a guess but they are planning to raise funds in China for investments specific to that country.  Think about it like in 2014 they raised funds for investments in Canada/US and the China arm or the company didn't get any of those funds.  Now they are raising funds in China to start the investment operation over there.  In my view, it would not be wise to move the funds back and forth from here to China as I am sure there are tax/other implications doing so.  Also, with the size of the company it's just a step in growing.

 

They mentioned this during the dinner.  It's related to the ability/in-ability of getting money in and out of the country.  It's really hard to move money into China, so they're raising funds there directly.

[ourkid8]

I asked the question before the dinner so thanks Sanjeev for clarifying.  Sanjeev highlighted that the convertibles will be priced higher then the current stock price so it's accretive to shareholders which is great. 

 

Can someone help me understand what premier wrote in the progress report? Is premier planning a private placement of convertible preferred shares? We are in april and I have not seen an announcement yet. It seems they are also planning another clinic as well which is great. let's hope there is no further dilution as my preference is Sanjeev sell non-core investments to fund the expansion e.g. real estate in vancouver and russell.

 

The Issuer's management teams in China and Canada concluded preparations for a private placement financing of convertible preferred shares of one of the Issuer's Chinese subsidiaries, Premier Investment (Hong Kong) Ltd. ("PIHK"), with the goal of launching the offering in March 2016 following the Chinese New Year celebrations. PIHK is a private Hong Kong company wholly owned by Premier. PIHK is currently inactive and holds a 100% interest in Premier Investment Shanghai, a wholly-owned foreign enterprise registered in the Shanghai Free Trade Zone. The Issuer's management team in China also continued to carry out activities in furtherance of proposed expansion plans to establish new Premier Diagnostic Centres in China, which the Issuer anticipates will provide PET-CT and/or MRI scans

 

Just a guess but they are planning to raise funds in China for investments specific to that country.  Think about it like in 2014 they raised funds for investments in Canada/US and the China arm or the company didn't get any of those funds.  Now they are raising funds in China to start the investment operation over there.  In my view, it would not be wise to move the funds back and forth from here to China as I am sure there are tax/other implications doing so.  Also, with the size of the company it's just a step in growing.

 

They mentioned this during the dinner.  It's related to the ability/in-ability of getting money in and out of the country.  It's really hard to move money into China, so they're raising funds there directly.

[bookie71]

Any notes from dinner?  All I have received is proxy info and am starting to feel like a mushroom.

[Parsad]

Any notes from dinner?  All I have received is proxy info and am starting to feel like a mushroom.

 

People who attended can fill you in...I think most came away with more confidence.  The presentation from the AGM will be available shortly after the meeting on the website.

 

Also, just a reminder to get your online votes in before the cut-off day...April 22nd.  Cheers!

[CONeal]

Any notes from dinner?  All I have received is proxy info and am starting to feel like a mushroom.

 

I'm also interested in any notes or insight from the dinner regarding PDH.

[stahleyp]

Sanj,

 

does it save the company money if we elect to have electronic instead of paper delivery of documents?

[Parsad]

Sanj,

 

does it save the company money if we elect to have electronic instead of paper delivery of documents?

 

Yup, it does.  Computershare charges a pretty penny to print and mail reports out...on a per page basis for the document.  Cheaper for them (and us) to electronically send the information.

 

Thanks!