Rumor of contract news with Blue Cross Blue Shield on Wednesday. Heard this will be bigest news company has had. The L2's are very thin so please keep a good eye on this for a big move today and tomorrow. Its already running some.
Posted some DD that I found and researched myself. CareAdvantage OTC: CADV Address: 485C Rt 1 South, Iselin, NJ 08830 Phone: (732) 362.5005 Web site: www.careadvantage.com Email: contact@careadvantage.com
O/S: -46,399,332 Number of shares of Common Stock outstanding as of October 20, 2004
-Insiders hold a total of 43,561,964 shares.
-**Float= 2,837,368**
From the 10Q:
Cash and cash equivalents = $2,400,000 or .055/shr. *Does not take into account the 500,000 won in the lawsuit*
Business information: CareAdvantage, Inc. and its direct and indirect subsidiaries, CareAdvantage Health Systems, Inc. and Contemporary HealthCare Management, Inc., are in the business of providing management and health care cost containment services designed to enable health care insurers and other health service organizations to reduce the costs of medical services provided to their subscribers. The Company's management services have been provided to integrated health care delivery systems. It's health care cost containment services have been principally provided to several of the statewide Blue Cross/Blue Shield health service organizations in the Northeastern United States.
Recent News:
Under the Agreement, the Company has granted a license to Kaiser to use the Company's web-based RPNavigator Secure Information Portal (the "Portal"), and Kaiser has engaged the Company to perform certain consulting services for Kaiser. The initial term of the Agreement begins on January 1, 2005 and expires on December 31, 2006. The Agreement automatically renews for successive one-year terms unless either party provides the other with written notice of termination. Until January 1, 2005, the parties are operating under a service agreement dated as of February 9, 2004. On January 1, 2005, the Agreement replaces this prior agreement in its entirety
On September 29, 2004, CareAdvantage, Inc. (the "Company") entered into a Settlement Agreement with Horizon Blue Cross Blue Shield of New Jersey ("Horizon BCBSNJ") resolving all outstanding litigation between the parties.
Under the terms of the Settlement Agreement, Horizon BCBSNJ agreed to (i) pay the Company $500,000 within five days of the execution of the Settlement Agreement, and (ii) to assign and transfer to the Company all right, title and interest in and to all 53,394,820 shares of common stock, par value $.001 per share, of the Company held by Horizon BCBSNJ within five days of the execution of the Settlement Agreement. Horizon BCBSNJ also agreed to procure the resignations of Patrick J. Geraghty and Christine L. Nelson, the two Horizon BCBSNJ-nominated members of the Company's Board of Directors.
About the CEO:
Dennis J. Mouras
President & Chief Executive Officer
Mr. Mouras has had extensive experience in the health plan and managed care industry. Immedi- ately prior to his appointment at CareAdvantage, Mr. Mouras held the position of President of Intra- corp, a well-established but faltering care management organization. While there he successfully transitioned this struggling organization into a $350 Million dollar powerhouse and market leader! Through an aggressive turnaround, revitalization and strategic market repositioning. Prior to intracorp, Mr. Mouras spent twenty years at Cigna Healthcare where he created provider strategic alliances that aptly served all his product lines, developed a Medicare risk program in the Colorado market-place, and led his health plan through two consecutive success- full three year accreditation by NCQA
Posted by NomarKash on :
Awesome, lets see what it can do!
I've seen this stock make some major gains during its runs and this is without any news. Imagine what this can do with thin L2s.
Posted by NomarKash on :
Where did you hear this rumor coolnwo?
This thing is moving!!
Posted by coolnwo on :
You allstock people are fast up like 75% since I posted. This could easily hit .20 going into Wednesday.
Posted by Jonathanlb8 on :
This looks likea nice one.
Posted by NomarKash on :
I agree, I'm in at .025, I'll see if this rumor pays off!
Posted by rromeo39 on :
I picked some up today. I also played this a while back when it ran to 05.
This seems to always run hard when news is around the corner.
Thanks for the update, I'll pick up more now that news is rumored.
Posted by Col. Cornhole on :
quote:Originally posted by coolnwo: You allstock people are fast up like 75% since I posted. This could easily hit .20 going into Wednesday.
You are going to sell on tuesday afternoon - right?
Posted by Jonathanlb8 on :
I think everyone will Buy on the Rumors and sell on the news. That's how it is. Ain't no changing it.
Posted by Col. Cornhole on :
After looking at the chart, today is the day everyone will sell. You bought on last thursday and friday. Contract rumors my A$$.
Posted by Jonathanlb8 on :
Who you talking to?
quote:Originally posted by Col. Cornhole: After looking at the chart, today is the day everyone will sell. You bought on last thursday and friday. Contract rumors my A$$.
Posted by Col. Cornhole on :
coolnwo - says it will hit .20 wednesday on contract rumors
Posted by coolnwo on :
Just an estimate, I am looking at L2's That has the ability to run hard.
Posted by NomarKash on :
This it a good company. Just needs some news and the rumor may just be what it needs.
$350MM company!!
Posted by coolnwo on :
Bid and Ask are tight I would buy some here if you are looking at it.
Posted by Col. Cornhole on :
That's why L2 show all selling
Posted by chadsly on :
I'd agree. I'm not in and probably won't have the money to get in at all today. Even if you're only looking for %30, the bid and certainly the ask (I'm suggesting one would sell at the ask) will run up to .04 by early afternoon.
Posted by NomarKash on :
This needs buys and it could take off.
Posted by The Insider on :
Nice pick guys--I've had this on my radar for a while now.This stock was over 30 cents a few years back. In a great sector--Health care computer services-- and had over 2 miilion revenues last year with only about 45 million shares outstanding. At these price levels this is a no-brainer and it if those rumours you speak of are true theres no telling how high this could pop.Even if those rumours do not happen this stock is still a great buy at these price levels as it a real company dealing with big clients.
Posted by NomarKash on :
quote:Originally posted by Col. Cornhole: That's why L2 show all selling
If its all selling why does the PPS keep rising?
Posted by rromeo39 on :
I would like to see this break the 1mil vol mark. The last time it did 1.2 mil it had an HOD of 06.
With the right support there's no reason why this couldnt hit those highs.
Posted by coolnwo on :
UT on the ASK, We are looking good, Volume is through the roof,Keep holding as more people will buy towards the close and tomorrow.
Posted by davidh on :
it's a good time to buy before the next run
Posted by NomarKash on :
A little DD....
The old president of CareAdvantage Inc was the head of Blue Cross, Blue Shield of New Jersey.
Company ties!!!
Posted by NomarKash on :
It's a shame. This thing would really move with buys but not a lot of afternoon orders are coming in.
Posted by davidh on :
Quiet before the storm. CADV needs more volume
Posted by coolnwo on :
OKay watch to see this run into the after noon and gap in the morning. Everyone still in with me?
Posted by NomarKash on :
I'm in, but we need more buys!
Posted by davidh on :
CADV: Gapping in the Morning. CADV is holding up well and will gap in the morning and run.
Posted by wallstreetboy on :
L2's look thin, but this will only move with buying pressure..
I saw a '200' MM signal on this earlier as well, which if you're not familiar with means "I need shares badly".
If this does move tomorrow morning..i'll probably jump aboard.
Posted by coolnwo on :
This again is a good pick, It should do very well tomorrow I hope everyone adds tomorrow.
Posted by davidh on :
CADV is running. 52 week high is 0.06
Posted by NomarKash on :
1/4 the volume of yesterday and falling hard.
Posted by dellamorte dellamore on :
dont know what the group gropers are waiting for , some of the best looking L2s going on the pos market . and yes , i do own it . thing moves easily . the mms want to run it , just need some players
Posted by striper on :
this is going to run
Posted by archmotel on :
this thing moves on really light volume? fell with 60,000 shares sold, and one 5,000 brought it back up a couple points, any ideas?
Posted by archmotel on :
could i run this thing, with a few buys?
Posted by dellamorte dellamore on :
own it at .02 , it does seem to move easily . 2 buys for 5000 ( one at .018 and the other at .02 ) lifted the ask to .03 . have no idea what's going on with this one , but it's a low floater , shouldn't take much . although i was way off on Ateg , gapped down instead of up on Monday . the company's outlook doesn't seem to promising , they came out with one of those ongoing concern statements . but who cares , wont take a jillion shares to do something with it . did run a little a week ago , and hit .04 , looks like it could easily top that , mms would be scrambling if got hit for real .
Posted by archmotel on :
tempted to buy 5,000 shares to see what kind of movement it could get, but im scared and dont have much funds
Posted by dellamorte dellamore on :
I'm going to see what happens , will buy a couple of more , let you know when .
Posted by dellamorte dellamore on :
All the buying today were partial fills . Now , just found something else out about these small trades . Some may not be partial fills at all , seems that there are certain trading progs that can hide the amount of a particular transaction . So , these could have been partial fills , or maybe they just showed up as them , could explain why only 10,000 shares moved it up , the actual number of shares bought may in reality have been higher . Either way , the last two moved the ask . Getting interesting , no doubt .
Posted by archmotel on :
ill be there watching tommorrow, cant wait to see wat happens, but gotta get back to LOST rite now
Posted by archmotel on :
this stock still intrigues me, one $15 buy of 834 shares bumps it up 12.5%, any ideas any one?
Posted by archmotel on :
Item 1.01 Entry into a Material Definitive Agreement Employee Stock Option Amendments
On May 27, 2005, CareAdvantage, Inc. (the Registrant) amended outstanding stock options previously granted pursuant to the Registrants 1996 Stock Option Plan, including stock options granted to Dennis J. Mouras, the Chief Executive Officer of the Registrant, and David G. Noone, Director and former Chief Executive Officer of the Registrant, that have an exercise price in excess of $.01 per share, effective as of May 25, 2005. The amendment reduced the exercise prices of such options to $.01 per share. The last closing price for the Registrants common stock as of May 25, 2005 was $.02 per share. As a result of the amendment, options to purchase 7,460,000 shares were affected, of which options for 4,500,000 shares had been issued to Mr. Mouras and options for 800,000 shares had been issued to Mr. Noone.
Director Stock Option Amendments
On May 27, 2005, the Registrant amended all outstanding stock options with an exercise price greater than $.01 per share previously granted to the Registrants directors pursuant to the Registrants Directors Stock Option Plan, effective as of May 25, 2005. The purpose of the amendment was to reduce such exercise prices to $.01 per share. The last closing price for the Registrants common stock as of May 25, 2005 was $.02 per share. As a result of such amendment, options to purchase 300,000 shares were affected.
Directors Stock Option Plan and New Grants
The Registrant has in effect a Directors Stock Option Plan which was adopted on June 6, 1996 and amended on July 24, 1996 and January 26, 1999 (the Directors Plan). The Directors Plan provides that the number of shares subject to the Plan shall be equal to 2% of the authorized shares of common stock of the Company. On January 19, 2001, the Company increased its authorized shares of common stock from 103,600,000 to 200,000,000 shares. As a result, the number of shares reserved for issuance under the Plan is 4,000,000 shares (the number heretofore reported by the Registrant had not been updated to reflect the increase in authorized shares).
On May 27, 2005, the Board of Directors of the Registrant granted stock options to purchase 1,850,000 shares of the registrants common stock to each of its non-employee directors, David J. McDonnell and David G. Noone, effective as of May 25, 2005. The exercise price for these options is $.01 per share, and each option is exercisable as follows: (i) options to purchase 1/3 of the shares become exercisable on May 25, 2006, and (ii) options to purchase the remaining 2/3 of the subject shares become exercisable in 24 equal monthly amounts beginning on June 25, 2006, and on the 25th day of each of the following 23 months. The last closing price for the Registrants common stock on May 25, 2005 was $.02 per share. As a result, options to purchase an aggregate of 4,000,000 shares have been granted and are outstanding.
Posted by archmotel on :
put in an order for $2 to see what would happen 2 hours ago, still my order hasnt been filled
Posted by archmotel on :
chart and l2's look real good
Posted by archmotel on :
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. thing moves easily . the mms want to run it , just need some players