You've been eagerly awaiting the collapse of this business for years - good case study as to why listening to disgruntled ex-employees talk about their former employer is of limited value.
You could've simply checked the company's 31 Dec 2014 accounts (note 7) to realise that you're incorrect in saying that the $2m receivables balance is all Medicare.
Your biggest lie is to state that the CDBS wholly replaced the funding gap left by the removal of the CDDS. In the 10 months through October 2014, the CDBS cost the government $234m (refer link below), whereas at its peak the CDDS was costing about $1bn annually. I'm no mathematician, but my back-of-the-envelope math suggests that the new scheme has replaced only about 25-30% of the funding gap left by the removal of the CDDS (actual dollars, not budget numbers).
http://www.smh.com.au/national/only...ffering-free-dental-care-20141220-1290at.html
What basis do you have that Holmes will sell shares in the near future? None, i suspect, but last i checked a CEO who's openly optimistic about the next decade doesn't sound like someone about to sell. Holmes owned ~14m shares when the company IPO'd about a decade ago, and still owns 14m shares now in spite of the stock having risen ~600% since listing, so I can't be sure but it doesn't appear to me like he's desperate to exit.
Please post some facts next time you feel inclined to ramble away.
I am sorry you are taking me giving my opinion so personally. If you are an open minded investor I thought you would appreciate having an alternative view point expressed. There is a difference between having a negative view of a business model and "eagerly awaiting a businesses downfall"
I have never been an employee of this company by the way!
You should read my post carefully before you accuse me of lies or lacking facts. IT never hurts to listen you may find out in the future it was worth while.
1. I didn't say the CDBS had totally replaced the CDDS in dollar terms. I said the deal with the greens was the budget dollars from the CDDS would go into the CDBS. I believe you will find this is true. Of course we all know the risk of building a business on proposed government expenditure is sometimes actual dollars don't equal the budgeted dollars
2. The fact the CDBS has not totally replaced the CDDS in 1300's profit is evident by the fact that profit is still not back to the "pre-torpedo" level despite a 10million dollar acquisition in Brisbane CBD.
3. I did read note 7 that is why I said "I suspect a large portion". I maintain my opinion on this and I think note 7 supports it.
4. I have absolutely no evidence regarding a share sale " That is why I said "guess"
I admit this company has lasted longer than I thought it would and I have been wrong before but I still stand by my opinion. Don't hate me for it. Your welcome to buy as many more shares at 6.60 as you can get your hands on!
I think if you re-read my post though it is not a ramble and I certainly have not lied!
You have also misquoted me significantly!
