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Post by magnus123 on Aug 19, 2021 12:54:22 GMT
magnus your prediction appears to be coming true. A quick scan of the 8-k shows they are losing $48 million on future revenue over the next two years by losing this client. Indeed. Revenue seems to decline significantly next year. Not sure how they can survive this and it's possible that more customers will cancel contracts, when the huge boys are running away. I would not bet a single penny in favor of OTRK...
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Post by JHam on Aug 19, 2021 13:33:20 GMT
magnus your prediction appears to be coming true. A quick scan of the 8-k shows they are losing $48 million on future revenue over the next two years by losing this client. I don’t know why they lost this client or who the client is, but I’m glad I sold way back when I did. No one could ever answer my question as to how they could maintain a high revenue steam after that initial massive pool of patients had “graduated” from the program. Sure you’d get new patients each year, but it would be a drop in the bucket compared to the initial group. The revenue model just didn’t add up. Again, I’m not saying this has anything to do with losing this client, but in the long term things just didn’t add up.
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Post by magnus123 on Aug 19, 2021 15:43:51 GMT
magnus your prediction appears to be coming true. A quick scan of the 8-k shows they are losing $48 million on future revenue over the next two years by losing this client. I don’t know why they lost this client or who the client is, but I’m glad I sold way back when I did. No one could ever answer my question as to how they could maintain a high revenue steam after that initial massive pool of patients had “graduated” from the program. Sure you’d get new patients each year, but it would be a drop in the bucket compared to the initial group. The revenue model just didn’t add up. Again, I’m not saying this has anything to do with losing this client, but in the long term things just didn’t add up. It was a great investment for all of us and we were right to sell. I have to admit that I never fully understood what kind of technology they are using. Was it really just a big call center? People on ST saying that the customer is Optima Health. So, only Cigna is left then.if they cancel as well, which is more than possible now, they are gone for good. Game over.
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Post by actcrazy on Aug 19, 2021 16:05:51 GMT
We had a real tiger by the tail...for awhile! It was very good to some of us! Onward
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Post by lcd on Nov 5, 2021 12:25:36 GMT
It looks like Ontrak had a surprisingly good Q3 and caught a lot of shorts with the stock. It is up over 15% pre-market. I don't own any shares nor do I plan to get back in.
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Post by magnus123 on Jan 10, 2022 13:35:33 GMT
I think that OTRK will go to zero this or next year. The preferreds will kill OTRK in the long term without substantial growth. If they still have the GS debt, which i don't know, they are done. Anthem is developing an in house solution. Other plans will maybe follow? Also a big red flag regarding DRIO in my opinion. Wow, another huge customer killed the contract with OTRK. What a desaster this is. Sad that I'm not short. They could be in serious trouble next year. Seems like my doomsday prediction is becoming more and more likelier. I don't see a way how this POS can avoid default. Preferreds are sending out red flags, trading at $10 while liquidation value is $25! OTRK is running out of cash and they have zero tangible assets. This is a screaming $0!
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