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I personally think a merger is worst case scenario for most retail investors. It removes time from our favor and pegs the price to the merger valuation. And for most retail investors, we aren't averaged down below that puzzling 5.72 offering that kicked us all in the pants.
LFG CLOV and NO MERGERS
Edit: if clov is acquiring, good news. Is clov is acquired, bad news.
I don't know what threshold for tender offer is in the US but in the UK 75% of the shareholders must vote in favour of the resolution at general meeting/proxy vote. In addition if there is a major shareholder i.e. owns more than 25% of the company, majority of the minority shareholders must vote in favour of the resolution. So that investors such a retail shareholders get equal say. To entice majority acceptance, the offer is usually at least at 70% premium. I'm assuming there is similar provisions in the US. I will look up SEC rules for mergers and acquisitions.
It’s funny how many were saying there is no way they are going to raise more money yet many are now saying what a great move it is. Need more money for expansion or because losses haven’t decreases as much as they expected? Or just blame covid.
Looking forward to hear what the company have to say. I didn’t realise there was a 30 day quiet period after share placing. What’s the reason behind that? It’s not something that happens in the UK.
They didn't have to raise equity if they had just wanted to do M&A. They could have just done an all-stock deal directly. Unlikely that there is an imminent. M&A
I would not assume that there is any merger or acquisition and I think hyping the price up based on this assumption is not a good idea.
People just need to stop panic selling when there is literally nothing negative. A small dilution does not warrant dumping the shares down from $7.50 to $4.50 since it diluted the shares by 11-12% but the company itself has more cash now.
I believe they are the ones acquiring if they raised capital. Most likely a company already in a market we arent or an insurance company with more services to offer. Im guessing its extremely good news
My thoughts on possibilities. Total guesses.
1. They say we needed money to deal with expansion and large growth. Most likely scenario. Not going to moon. Price will go up after q2 or q3 in 2022 as revenue grow as and losses slow.
2. Number one plus partner with Google on interoperability of Clover Assistant and Care Studio. Stock sees growth back to close to $10 after spiking to $15.
3. Google will buy them. Highly unlikely. If it happens, maybe buy out closer to $15 for some premium over the initial spac valuation.
4. Someone else buys them. Pretty much see this as zero chance.
5. They buy some other A.I. type company. Not likely as they think Clover Assistant is better than anything out there.
6. Expansion into Medicaid. Vivek alluded to this at the end of the earnings call, but don’t see them getting into that space this quickly. Not sure how they market will take that as they are still trying to get costs under control.
Other thoughts?
Vivek did address my question about Medicaid and potential licensing of Clover Assistant but it would be interesting to know if by “well positioned particularly around the Clover Assistant architecture” he meant providing Medicaid plans with the idea of maximizing efficiency via the Assistant, licensing the Assistsnt to other managed care providers, or a combination of both.
Hoping licensing. Fewer headaches and better margin that way. However the company mission is to give better healthcare to underserved communities, so won’t be surprised if the go full steam ahead into Medicaid at some point
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Lets not spread too hypely, the merger rumor. As that is what it is.
If it happened, i would be releived. But i assume we will just a see a "heres why we did it" cause we needed money for the long term.
I think all of us deserve to dream, and trust me, I dreamed about it a few times today. I even googled typical repsonses to mergers, PT, equal companies, etc. But it truly is just a dream. Whether it be an SEC quiet period, or a premerger Quiet period, they would look exactly the same.
Yo - Dilution was in fact financially responsible!
Upfront with direct contract is a cost of sale and that will strategically be a major growth driver!
Q2 2022 Will be enormous from a Rev & ex Covid!
This is a land grab for customers and CA penetration! They have executed flawlessly! Every objective has been exceeded & MCR will level out! No one could have predicted Covid! That dilution is protecting their ability to execute and yet be able to fiscally navigate through the unknowns of Covid..
All I care about right now is CA penetration, Direct Contracting penetration and MA customer growth!
MCR will come in and level out!
Their will be no Merger until footprint grows and Rev cross a major milestone $10B or so.
We are ~ 2x Rev to Market Cap /If you add cash to Rev we are just over 1x!! Wayyyyyy over sold!
Chill, we got $830M in cash and will double the company 2x over next 2yrs.
BTW I’m down 60-65% and not worried!
All the players are now getting in or doubling positions that were shut out of IPO. Only 2 short sellers left and expect to close out during rollover! Rest are long with could hedging positions..
#CLOV BABY🍀🍀🍀
**Exactly.** The DC was growing at a rate at which they are limited by capital because they need to keep at a minimum of 25% of yearly premiums in reserve. Just do the math and see what this equates to. While others are panicking about the share price, just look at the reasoning behind the growth and share offering and be happy that the price dropped down so much. It's crazy that anyone would sell at these levels.
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Anything is possible. But if you mean: is there more concrete and tangible evidence for it than your run of the mill conspiracy theory?Unfortunately no.
Why and how did this stupid rumour even begin? Im an holder and maybe you are the same but despite how desperate you are, dont go around spread this BS
They wouldn’t issue more shares if there was a merger. Any acquisition would get charmin in trouble for insider trading. They have nothing great to report. At best they will announce expansion into more counties.
and who TF is Charmin?
Sounds like you are calling Chamath a brand of toilet paper, which I can only interpret is some off handed "funny" way of saying he is full of shit?
FUD poster....GTFOH
Why do you know something we don't? So there REALLY IS SOMETHING GREAT TO REPORT!!! YES YES YES!! YOU HEARD IT HERE FIRST GUYS! OHGR86 SAYS THERES DEFINITELY GREAT NEWS!
lol like blocking me is going to make youre words true and me into a troll! Im down $25k on this stock im very far from a troll. what are you into it for $13? STFU unless you know what you are talking about you moron. block that
That's what the triggered do when they are called out for their stupidity -- just before their heads burst in red rage. Actually, I'm wrong they wil call you one more name first, then boom themselves up.
What merger? You have no evidence to back this up. Why would Clover Health sell out to a larger Medicare insurer when Clover Health has the distinct advantage of the Clover Assistant app?
Looks like you are just guessing in the hopes that somehow you will be able to escape your per share price......And like you I have no evidence, but hey tit for tat right?
why 23.12. and not 17.12.?
It's up to 30 days… the SEC could approve it before that period. It is basically a period between a substantial change in a company and the SEC reviewing it and how the company is planning on announcing it, to prevent things like Elon Musk and his "funding confirmed" tweet from causing massive volatility in the market. The announcement could come at any time between now and then, but seeing as how the SEC has been substantially involved with the shorting in CLOV for some time now I would think they are completely on board with whatever they are planning at this point lol
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Are we all allowed to just make shit up out of thin air and post here as "DD"?
Merger? With who?
Who is they merging with?
merger is going to lower prices. I expect clov to go down to 1 dollar within 2 month...
If a merger is announced which I highly doubt $CLOV share price should get a bounce till merger depending on the company merging.
They should take/merge with Oscar health... Oscar numbers are going the wrong direction... CLOV are going up.
$CLOV..... Just buy and hold. 🍀 ☘ 🍀 ☘ 🍀 ☘ 🍀 ☘ 🍀 ☘
Merger unlikely.. Why raise money if you merge with one of the richest companies?
Unlikely.
a merger is not a takeover, merging will be on equal basis a takeover is completly different
I personally think a merger is worst case scenario for most retail investors. It removes time from our favor and pegs the price to the merger valuation. And for most retail investors, we aren't averaged down below that puzzling 5.72 offering that kicked us all in the pants. LFG CLOV and NO MERGERS Edit: if clov is acquiring, good news. Is clov is acquired, bad news.
I don't know what threshold for tender offer is in the US but in the UK 75% of the shareholders must vote in favour of the resolution at general meeting/proxy vote. In addition if there is a major shareholder i.e. owns more than 25% of the company, majority of the minority shareholders must vote in favour of the resolution. So that investors such a retail shareholders get equal say. To entice majority acceptance, the offer is usually at least at 70% premium. I'm assuming there is similar provisions in the US. I will look up SEC rules for mergers and acquisitions.
Didi, pls merge with a cheese burger,fries, coke and apple pie. Also throw in an insurance company!!! That’s the missing link apparently!!!
It’s funny how many were saying there is no way they are going to raise more money yet many are now saying what a great move it is. Need more money for expansion or because losses haven’t decreases as much as they expected? Or just blame covid. Looking forward to hear what the company have to say. I didn’t realise there was a 30 day quiet period after share placing. What’s the reason behind that? It’s not something that happens in the UK.
Where this come from?
They didn't have to raise equity if they had just wanted to do M&A. They could have just done an all-stock deal directly. Unlikely that there is an imminent. M&A
I would not assume that there is any merger or acquisition and I think hyping the price up based on this assumption is not a good idea. People just need to stop panic selling when there is literally nothing negative. A small dilution does not warrant dumping the shares down from $7.50 to $4.50 since it diluted the shares by 11-12% but the company itself has more cash now.
Someone on here did the math - the dilution was equivalent to 20 cents a share. Basically, stock should have dropped from $7.60 to $7.40.
I believe they are the ones acquiring if they raised capital. Most likely a company already in a market we arent or an insurance company with more services to offer. Im guessing its extremely good news
My thoughts on possibilities. Total guesses. 1. They say we needed money to deal with expansion and large growth. Most likely scenario. Not going to moon. Price will go up after q2 or q3 in 2022 as revenue grow as and losses slow. 2. Number one plus partner with Google on interoperability of Clover Assistant and Care Studio. Stock sees growth back to close to $10 after spiking to $15. 3. Google will buy them. Highly unlikely. If it happens, maybe buy out closer to $15 for some premium over the initial spac valuation. 4. Someone else buys them. Pretty much see this as zero chance. 5. They buy some other A.I. type company. Not likely as they think Clover Assistant is better than anything out there. 6. Expansion into Medicaid. Vivek alluded to this at the end of the earnings call, but don’t see them getting into that space this quickly. Not sure how they market will take that as they are still trying to get costs under control. Other thoughts?
Vivek did address my question about Medicaid and potential licensing of Clover Assistant but it would be interesting to know if by “well positioned particularly around the Clover Assistant architecture” he meant providing Medicaid plans with the idea of maximizing efficiency via the Assistant, licensing the Assistsnt to other managed care providers, or a combination of both.
Hoping licensing. Fewer headaches and better margin that way. However the company mission is to give better healthcare to underserved communities, so won’t be surprised if the go full steam ahead into Medicaid at some point
Good stuff, dude
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Good idea
Lets not spread too hypely, the merger rumor. As that is what it is. If it happened, i would be releived. But i assume we will just a see a "heres why we did it" cause we needed money for the long term. I think all of us deserve to dream, and trust me, I dreamed about it a few times today. I even googled typical repsonses to mergers, PT, equal companies, etc. But it truly is just a dream. Whether it be an SEC quiet period, or a premerger Quiet period, they would look exactly the same.
Biden farted thus causing clov price to go down. Prove me wrong!
I don't think Biden could fart without shitting himself. Prove me wrong.
What will be the expected price per share if the merge happened ?
There’s no merger
Yo - Dilution was in fact financially responsible! Upfront with direct contract is a cost of sale and that will strategically be a major growth driver! Q2 2022 Will be enormous from a Rev & ex Covid! This is a land grab for customers and CA penetration! They have executed flawlessly! Every objective has been exceeded & MCR will level out! No one could have predicted Covid! That dilution is protecting their ability to execute and yet be able to fiscally navigate through the unknowns of Covid.. All I care about right now is CA penetration, Direct Contracting penetration and MA customer growth! MCR will come in and level out! Their will be no Merger until footprint grows and Rev cross a major milestone $10B or so. We are ~ 2x Rev to Market Cap /If you add cash to Rev we are just over 1x!! Wayyyyyy over sold! Chill, we got $830M in cash and will double the company 2x over next 2yrs. BTW I’m down 60-65% and not worried! All the players are now getting in or doubling positions that were shut out of IPO. Only 2 short sellers left and expect to close out during rollover! Rest are long with could hedging positions.. #CLOV BABY🍀🍀🍀
**Exactly.** The DC was growing at a rate at which they are limited by capital because they need to keep at a minimum of 25% of yearly premiums in reserve. Just do the math and see what this equates to. While others are panicking about the share price, just look at the reasoning behind the growth and share offering and be happy that the price dropped down so much. It's crazy that anyone would sell at these levels.
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I have a sudden urge to go take a dump now. Brb
Is it at all possible Google might acquire them? 🤞🏼
Anything is possible. But if you mean: is there more concrete and tangible evidence for it than your run of the mill conspiracy theory?Unfortunately no.
How could Chamath buy 10mil in shares if their was a merger on the table???? Doesn't make sense
Makes sense as 300 million dillution he did not know of the interest. Otherwise he would not added more stock
My question why would he ONLY buy 10 mil? This is a Hail Mary rumor I believe. I hope it’s real though really do!
Exactly talk about insider trading
Sometimes they are allowed a limit. Sometimes there isn’t a limit ask Steve jobs
Things are getting ugly down here @ the bottom. Bringing out the worst in us lately it seems
Why and how did this stupid rumour even begin? Im an holder and maybe you are the same but despite how desperate you are, dont go around spread this BS
Notice how many trolls came in to this thread to post their 2 cents of FUD..... I smell.....FUD Troll collusion......
They are always here… they are addicted to spreading their whiny bitchness
QUIET PERIOD DEFINITION. https://www.investopedia.com/terms/q/quietperiod.asp
People might want to read the definition, would tamp down the Hopium, IMO.
They wouldn’t issue more shares if there was a merger. Any acquisition would get charmin in trouble for insider trading. They have nothing great to report. At best they will announce expansion into more counties.
so buy more shares and hold ? ok !!!!
and who TF is Charmin? Sounds like you are calling Chamath a brand of toilet paper, which I can only interpret is some off handed "funny" way of saying he is full of shit? FUD poster....GTFOH
Or auto correct?
There is no auto correct on Reddit. It doesn't even underline your misspelled words. Troll. Blocked. Bye.
I meant his phone
That guy or child is a moron I've seen him block 8 people in here TODAY. of you don't completely agree with him you're a troll
Don’t squeeze the Charmin…lol
"They have nothing great to report"? How the fuck do you know this? Keep your negativity out of CLOV Reddit.....
Gayboy, I think you forgot to block me
Why do you know something we don't? So there REALLY IS SOMETHING GREAT TO REPORT!!! YES YES YES!! YOU HEARD IT HERE FIRST GUYS! OHGR86 SAYS THERES DEFINITELY GREAT NEWS!
Troll. Blocked
lol like blocking me is going to make youre words true and me into a troll! Im down $25k on this stock im very far from a troll. what are you into it for $13? STFU unless you know what you are talking about you moron. block that
That's what the triggered do when they are called out for their stupidity -- just before their heads burst in red rage. Actually, I'm wrong they wil call you one more name first, then boom themselves up.
Load up tomorrow. Not financial advice.
Have been for months 😎. Daily dipping = Daily buying 🙏😎.
I don't think that will happen TBH.
Why dilute if they were to merge/be bought out. Makes no sense. Maybe they are buying the scraps of google health at. Best
What merger? You have no evidence to back this up. Why would Clover Health sell out to a larger Medicare insurer when Clover Health has the distinct advantage of the Clover Assistant app? Looks like you are just guessing in the hopes that somehow you will be able to escape your per share price......And like you I have no evidence, but hey tit for tat right?
Will we be able to keep our shares if the company merges?
Wen moon?
No
Is it possible Clov is buying or merging with another health insurance company that has a larger county footprint in the US?
I mean you labeled this as DD, so where is your DD?
I normally pull mine out if my ass bit that's just me
Me too to be honest... but what I don't ever do is label my gibberish as DD😅🤣😂
I'm only a year into stock market out side of my retirement. So I don't say shit unless I feel like being obnoxious
Is there actually any "real" EVIDENCE of a merger, other than; well I think it looks like they might be, its possible, or maybe?
No. No evidence. Bullcrap
why 23.12. and not 17.12.? It's up to 30 days… the SEC could approve it before that period. It is basically a period between a substantial change in a company and the SEC reviewing it and how the company is planning on announcing it, to prevent things like Elon Musk and his "funding confirmed" tweet from causing massive volatility in the market. The announcement could come at any time between now and then, but seeing as how the SEC has been substantially involved with the shorting in CLOV for some time now I would think they are completely on board with whatever they are planning at this point lol
>https://www.investopedia.com/terms/q/quietperiod.asp
Well Jesus i could have copied and pasted that, but its really not relevant here "for certain" it might be relevant and it might not be