This still rumor? Pipe dream?. Leadership desperation to inflate stock price? Prospective "buyer" not willing to pay close to what the stock is valued at today? Left over skid marks of PB,RP leadership, making noise? Stock falling for unannounced reasons? Insiders trading? Market cap appears to have shrinking by 200 million, but are those numbers close to accurate or they worse? Question is what stay vested with this?
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Wonder if they are rapidly approaching the time where there will be no severance available? Even I would be updating my resume and contacting my network contacts. It is a tough job market out there. Even harder for those over 50. Best of luck to all of you! Especially to my long-time co-workers who had hoped to ride it out a few more times. I fear those times are becoming fewer and closer together.
I believe the sudden departure of board members, the crashing of the stock, admittance they have no accurate count of the shares outstanding or who has purchased them or is acquiring them left no choice to circle the wagon. A hostile takeover is feared and maybe occurring. considering there is no value in this company, recall NO numbers have been provided in several years and any numbers provided over the past 7/10 years cooked, much cheaper to take it over then outright purchase. It will be fun to see if a takeover occurs, who it is and how they will dispose of this trash.
Not sure what happens if stock goes to zero? Ebay listing next?
What a cluster * the financials are. RP was in charge of financials while PB did his circlej--kfor the stakeholders.
Resembles English but reads like Chinese.
Funny stuff.
Latest news.
The Rights Plan aims to protect stockholders from potential rapid share accumulations or creeping acquisitions of control without payment of appropriate control premiums
Say hello to your future CEOs, Move & Smooth. 2 crack dealers from the hoods of Chicago.
Will the "Newman" principles ever be excorsied?
Why ?
ongoing challenges including: the continuing audit of 2022 financial statements, delayed financial reporting due to restatement requirements, and the company's delisted status. The Board noted these factors make tracking share accumulation particularly challenging. The decision was also influenced by a significant stock price decline following the termination of strategic alternatives exploration.
Just how did PB & RP not get arrested and charged? This company can't even count stock shares LOL.
Leadership makes current and former alumni, Allscripts/Veradigm proud. NOT.
"contract with an outside advisory". Classic. Outsource to people who have a clue on how to successfully run & manage ,& generate cash flow. internal leadership clueless . Paying leadership & outside consultants to provide the expertise the internal leadership is failing to provide PRICELESS. Veridigm "management coolness" is outside corporates worlds oblivious
I'm still not understanding why there have been no criminal or civil charges filed against the C-Suite members that willfully and maliciously destroyed Allscripts between 2010 and 2022 and lined their pockets with the spoils?
They KNEW that decimating all Development teams and replacing them with off-shored script-kiddies would never improve the products, let alone keep them current. They never had any intentions of actually creating viable HIT software, promoting modernization or advanced technology features, or fully integrating their multiple acquired products into a self-contained ecosystem. They P***ED all of the innovation, knowledge, experience, and goodwill away to pump up stock values for a big payday.
Constellation/Harris is NOT having a good time with the HHS business, and they've been following the same incompetent and corrupt management strategies that have apparently carried over from the Allscripts days.
The day the Altera divestiture was completed, most of these criminals
Is Expected Veradigm would contract advisory firm. CEO is interim, not seasoned. It’s the logical move, so extinguish your hair fire.
The article is a term of surrender document and glaring admissions Veradigm is void of any legit, knowledgeable leadership, legacy raised or recently hired. They contract with over 30 individual parties and wide range of counter parties, financial and strategic parties. ZERO interest. Now they have to contract with an advisory firm on how get blood out of this turnip. That speaks volumes on current numbers and future numbers. Get out. It is sad to see a once respected Medic Computer system descend into the pits of incompetence. Testament on what happens when all the wrong people are put into positions, with zero experience of the departments they were put in charge of.
https://finance.yahoo.com/news/veradigm-concludes-exploration-strategic-alternatives-210200978.html
Veradigm Inc. (MDRX) Compare 4.8000 -3.2000 (-40.00%)
As of 10:57:53 AM EST. Market Open.
And the Floor just fell out from under this Dead Weight !! CRASH !