wescobrk Posted September 26, 2014 Share Posted September 26, 2014 Sanjeev, I hope you will change the ability to withdraw from your managed fund to once a year for existing partners and maybe a 5 year lockup for new partners. I think Buffett's setup was once a year in his partnership days. The more sticky capital the better! Hopefully you fold the fund under premier's umbrella. Link to comment Share on other sites More sharing options...
ourkid8 Posted October 5, 2014 Share Posted October 5, 2014 http://www.marketwired.com/press-release/premier-diagnostic-health-services-inc-closes-6m-first-tranche-of-private-placement-cnsx-pdh-1953277.htm October 02, 2014 18:40 ET Premier Diagnostic Health Services Inc. Closes $6M First Tranche of Private Placement VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 2, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. Premier Diagnostic Health Services Inc. ("Premier" or the "Company") (CSE:PDH) is pleased to announce that it has closed the first tranche of its non-brokered private placement offering (the "Offering") of common shares of the Company ("Shares") of up to 40,000,000 Shares at $0.18 per Share for aggregate gross proceeds of up to $7,200,000. The first tranche consisted of 34,108,028 Shares for aggregate gross proceeds of $6,139,445.04, including 415,000 Shares issued in settlement of debt. The Shares will be subject to a hold period expiring on February 3, 2015. No finder's fees or commissions were paid in connection with the Offering. The net proceeds of the Offering will be used to fund expansion of the Company's premier diagnostic medical clinics in China and Canada, as well as for general working capital and investment purposes. The Company anticipates that the resulting capitalization combined with new strategies to deliver earnings will be adequate to support growth. The Company anticipates the second tranche of the Offering will close on or about October 15, 2014. On September 23, 2014 the Company announced the closing of the second tranche of a private placement of convertible preferred shares of its subsidiary company, Premier Diagnostic Center (Vancouver) Inc. The Company wishes to highlight that the private placement of the subsidiary company was originally announced on July 31, 2014 and the conversion price of the subsidiary's preferred shares was based on the market price of the Company's common shares at that time. The 415,000 Common shares issued as debt settlement were issued at a deemed issue price of $0.18 in settlement of debt totalling $74,700. The creditor is an insider of the Company. Link to comment Share on other sites More sharing options...
Hawks Posted October 6, 2014 Share Posted October 6, 2014 Pleased to be riding this jockey. Link to comment Share on other sites More sharing options...
karthikpm Posted October 18, 2014 Share Posted October 18, 2014 Did the second tranche close? Link to comment Share on other sites More sharing options...
ourkid8 Posted October 18, 2014 Share Posted October 18, 2014 http://www.marketwired.com/press-release/premier-diagnostic-health-services-inc-closes-second-tranche-private-placement-40000000-cnsx-pdh-1958795.htm Premier Diagnostic Health Services Inc. Closes Second Tranche of Private Placement of 40,000,000 Common Shares ($7,200,000) and Over-Allotment Option of 4,588,558 Common Shares ($825,900.45) VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 17, 2014) - NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA Premier Diagnostic Health Services Inc. ("Premier" or the "Company") (CSE:PDH) is pleased to announce that it has closed the second tranche of its non-brokered private placement offering (the "Offering") of common shares of the Company ("Shares") of up to 40,000,000 Shares at $0.18 per Share for aggregate gross proceeds of up to $7,200,000. The Company also closed its Over Allotment Option of 4,588,558 shares for gross proceeds of $825,900.45. Total proceeds of the Offering and Over Allotment Option were $8,025,900.40. No finder's fees or commissions were paid in connection with the Offering or the Over Allotment. The net proceeds of the Offering will be used to fund expansion of the Company's premier diagnostic medical clinics in China and Canada, as well as for general working capital and investment purposes. The Company anticipates that the resulting capitalization combined with new strategies to deliver earnings will be adequate to support growth. Did the second tranche close? Link to comment Share on other sites More sharing options...
ourkid8 Posted October 21, 2014 Share Posted October 21, 2014 Hi Sanjeev, How many basic and fully diluted shares are outstanding? There was also a conversion that happened today so I want to get a better understanding of the share count. I would appreciate some assistance on it. Tks, S Link to comment Share on other sites More sharing options...
Uccmal Posted October 22, 2014 Share Posted October 22, 2014 Hi Sanjeev, How many basic and fully diluted shares are outstanding? There was also a conversion that happened today so I want to get a better understanding of the share count. I would appreciate some assistance on it. Tks, S I am thinking we will see a Quarterly report at some point soon. Link to comment Share on other sites More sharing options...
Parsad Posted October 22, 2014 Share Posted October 22, 2014 Hi Sanjeev, How many basic and fully diluted shares are outstanding? There was also a conversion that happened today so I want to get a better understanding of the share count. I would appreciate some assistance on it. Tks, S You can assemble the fully-diluted shares outstanding from the last quarterly report, plus all of the press releases since. Essentially, on a fully-diluted basis, you would have had about 92M shares outstanding if all options/debt were converted before the private placement. The private placement was aiming to raise $9M with 50M shares issued. If you check the press release, we were a little short of that total amount, so that will give you the rough, but fairly accurate, number. I am thinking we will see a Quarterly report at some point soon. We have 90 days to file the year-end report from the fiscal year-end...September 30th. We have 60 days to file the 1st quarter report...December 31st. That should give you some idea when the next reports can be expected to be released. The latter would be more indicative of progress than the former, and subsequent reports thereafter will be more useful on a comparative basis. Cheers! Link to comment Share on other sites More sharing options...
Redskin212 Posted October 24, 2014 Share Posted October 24, 2014 Premier Diagnostic Health Services Inc. Announces Securities Issuance 13:36 EDT Friday, October 24, 2014 BURNABY, BRITISH COLUMBIA--(Marketwired - Oct. 24, 2014) - Premier Diagnostic Health Services Inc. ("Premier" or the "Company") (CSE:PDH) announces that it has issued a total of 9,196,885 Common shares following receipt of notices of warrant exercise from certain warrantholders of the Company. A total of 9,196,885 Common shares are issuable upon the exercise. All the warrantholders are insiders of the Company and are subject to a hold period expiring on February 25, 2015. Following the exercise, Corner Market Capital Corp. ("CMCC"), an insider of the Company, indirectly owns and exercises control and direction over 45,707,935 Common shares of the Company, being 35.09% of the issued and outstanding Common shares on an undiluted basis. CMCC is a private company of which Sanjeev Parsad and Alnesh Mohan are majority shareholders and directors and officers. Mr. Parsad is the President, CEO and a director of Premier. Mr. Mohan is a director of Premier. Looks like there is about 130 million shares o/s. CMCC's shares held 45,707,935 divided by 35.09%. http://www.theglobeandmail.com/globe-investor/news-sources/?mid=ccnm.20141024.201410240974744001 Link to comment Share on other sites More sharing options...
PLynchJr Posted November 4, 2014 Share Posted November 4, 2014 PRDGF down 25.69% today. Any news? :o Link to comment Share on other sites More sharing options...
rkbabang Posted November 4, 2014 Share Posted November 4, 2014 PRDGF down 25.69% today. Any news? :o Yes, that was me. I was able to buy a very small amount for $0.0903 and $0.1166 today. Not sure why someone sold it to me for that. Link to comment Share on other sites More sharing options...
ourkid8 Posted November 18, 2014 Share Posted November 18, 2014 http://thecse.ca/cmsAssets/docs/Filings/2014/2014_11_18_15_32_13_pdh_PDHS_-_News_Release_announcing_Reinsurance_Investment_v2_Final.pdf November 18, 2014 Vancouver, B.C. NEWS RELEASE PREMIER DIAGNOSTIC HEALTH SERVICES INC. ANNOUNCES SHARE PURCHASE Premier Diagnostic Health Services Inc. ("Premier" or the "Company") (CSE: PDH) announces that it intends to acquire common shares of the parent company of a reinsurance company registered in Bermuda. The purchase price of the common shares is USD$0.50 per common share. Premier intends to acquire up to USD$1.505M worth of shares, and intends to hold the shares for investment purposes only. The purchase price would be paid in cash. The reinsurance company underwrites various reinsurance transactions and collateralizes its obligations through the issuance of insurance-linked securities ("ILSs"). The ILSs are offered to third party investors, and the capital from the sale of the ILSs is used to fund the reinsurance business. About Premier Diagnostic Health Services Inc. Premier is a Canadian company that provides, through its subsidiaries, advanced medical diagnostic tools using PET/CT technology and/or MRI technology and related diagnostic skills in Canada and in the People's Republic of China, in partnership with local medical professionals, public and private investors, hospitals and clinics. The Company’s mission is to provide physicians and other health care professionals with exceptional diagnostic information that will assist them in making medical decisions that lead to better outcomes for their patients. The Company’s approach involves building long-term relationships regarding management, quality, and financial services that are necessary to build, operate and grow the diagnostic capacity and capability of hospitals and clinics worldwide. On behalf of the Board of Directors "Sanjeev Parsad" Sanjeev Parsad President, CEO and Director Link to comment Share on other sites More sharing options...
OracleofCarolina Posted November 18, 2014 Share Posted November 18, 2014 I am so excited for Sanjeev and looking forward to watching this company evolve! Cheers! Link to comment Share on other sites More sharing options...
bargainman Posted November 21, 2014 Share Posted November 21, 2014 Has anybody in the USA actually successfully bought PDH shares? It doesn't look like the CNSX is available through interactive brokers USA. I've looked at the product page https://www.interactivebrokers.com/en/index.php?f=1563 But no luck finding it. If I look at the exchange memberships below looks like interactive brokers Canada is a member but not USA.. https://www.interactivebrokers.com/en/?f=%2Fen%2Fgeneral%2Fabout%2Fexchange_memberships.php Are there any other brokers that Trade the stock from US? Link to comment Share on other sites More sharing options...
fareastwarriors Posted November 21, 2014 Share Posted November 21, 2014 Has anybody in the USA actually successfully bought PDH shares? It doesn't look like the CNSX is available through interactive brokers USA. I've looked at the product page https://www.interactivebrokers.com/en/index.php?f=1563 But no luck finding it. If I look at the exchange memberships below looks like interactive brokers Canada is a member but not USA.. https://www.interactivebrokers.com/en/?f=%2Fen%2Fgeneral%2Fabout%2Fexchange_memberships.php Are there any other brokers that Trade the stock from US? Others have mentioned the ticker: PRDGF . Link to comment Share on other sites More sharing options...
PLynchJr Posted November 21, 2014 Share Posted November 21, 2014 I've bought PRDGF through Fidelity with no problems. Volume is very low so it takes some patience to build a position. Link to comment Share on other sites More sharing options...
Libs Posted November 21, 2014 Share Posted November 21, 2014 I've bought PRDGF through Fidelity with no problems. Volume is very low so it takes some patience to build a position. Tell me about it! Drips and drabs. I expect it will be worth the effort:) Link to comment Share on other sites More sharing options...
bargainman Posted November 22, 2014 Share Posted November 22, 2014 tried that still no go.. might have to checkk another broker Link to comment Share on other sites More sharing options...
rkbabang Posted November 24, 2014 Share Posted November 24, 2014 tried that still no go.. might have to checkk another broker Try Fidelity. I've been able to pick up some shares using PRDGF with Fidelity. But like the others have said it is slow going. You put in a limit order and it will sit there for days and days. Sometimes I'll check it and see the order partially filled 100 or 200 shares (at 16cents/share that is almost nothing). I've managed to get about 71K shares so far at an average cost basis of $0.163 Link to comment Share on other sites More sharing options...
karthikpm Posted November 24, 2014 Share Posted November 24, 2014 What does Fidelity charge per transaction ? 7.95? Link to comment Share on other sites More sharing options...
rkbabang Posted November 24, 2014 Share Posted November 24, 2014 What does Fidelity charge per transaction ? 7.95? Yes. If you put in an order and it takes multiple trades to fill it, you are charged $7.95 only once for all of the transactions that day. So if it is filled over multiple days you will be charged $7.95 for each day that there are shares on the order traded. It sucks for non-liquid securities like this. Link to comment Share on other sites More sharing options...
rkbabang Posted November 24, 2014 Share Posted November 24, 2014 Medical diagnostic tool company to invest in reinsurance and ILS "Very interesting. A company or corporation has not matched the typical profile of an ILS or reinsurance linked investor in the past, but perhaps this is something we may see more of. Typically we expect ILS investors to be large institutions, pension funds, endowments, family offices, private banks, insurers, hedge funds etc. However, companies and corporations often have capital that they invest in various asset classes, sometimes this capital is akin to float except it comes from their sales cycle. They seek to invest this to make the best profit they can while the capital is not required within the business. For companies seeking to invest their capital in this way, ILS and reinsurance could be a very good fit. We haven’t yet been able to identify who the reinsurance company is that Premier Diagnostic Health Services intends to invest in. That information may become available, if it is a listed entity, once the investment is complete. It is also possible that this is a little more than just a passive investment and that the firm actually sees the benefit in becoming more involved in the reinsurer it is investing in." Link to comment Share on other sites More sharing options...
ourkid8 Posted December 15, 2014 Share Posted December 15, 2014 Sanjeev, we are waiting... We have 90 days to file the year-end report from the fiscal year-end...September 30th. We have 60 days to file the 1st quarter report...December 31st. That should give you some idea when the next reports can be expected to be released. The latter would be more indicative of progress than the former, and subsequent reports thereafter will be more useful on a comparative basis. Cheers! Link to comment Share on other sites More sharing options...
Parsad Posted December 15, 2014 Share Posted December 15, 2014 Sanjeev, we are waiting... We have 90 days to file the year-end report from the fiscal year-end...September 30th. We have 60 days to file the 1st quarter report...December 31st. That should give you some idea when the next reports can be expected to be released. The latter would be more indicative of progress than the former, and subsequent reports thereafter will be more useful on a comparative basis. Cheers! We are working on the annual report as we speak...goes to the audit committee in the next week, and we expect to file before Christmas. You'll also see some more disclosure on the insurance business shortly. Cheers! Link to comment Share on other sites More sharing options...
benchmark Posted December 16, 2014 Share Posted December 16, 2014 tried that still no go.. might have to checkk another broker Try Fidelity. I've been able to pick up some shares using PRDGF with Fidelity. But like the others have said it is slow going. You put in a limit order and it will sit there for days and days. Sometimes I'll check it and see the order partially filled 100 or 200 shares (at 16cents/share that is almost nothing). I've managed to get about 71K shares so far at an average cost basis of $0.163 I've been able to build a position via TDAmeritrade, very slowly though. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now