I am aware of the DPA, CIA, pending class actions, and inability or unwillingness to report quarterly financials, but I have never seen so many open positions at the Lewisville Office. Looks like everyone is jumping ship from there, even in this crappy economy. Anyone have any further insights into this mass exodus from OFIX?
thanks
By SEC laws/guidelines OFIX has a timetable to have to report financials. It's just fabrication to say it's "unwillingness". They are within the established timetable which I believe expires sometime mid January. I'm sure they will take it right up to the final hour to make sure that whatever they put forth is totally accurate.
Fortunately, the Texas (Dallas) economy is BOOMING. And finding another job, is a pretty easy task compared to other parts of the country. So, with an environment like Orthofix and I'm sure that the whole Ora is very bad and with an abundant of jobs. It's easy to say bye bye....
If not the most illiterate post, this must be the most illusory post I have seen here yet. You think the SEC is in it to make money? In other words, if they 'cut the best deal for the SEC', then they would be complicit in defrauding investors too. What are you an 8 year old?
Well we all want to get 'banged', just not by a cell-mate....
Obviously, a uneducated poster. Willing to bet your a punk, an underachiever and an unhappy person. Your posts speak volumes.
Hello all!
I just wanted to use this forum to appeal to all the accounting types that visit CP. We need a little help in our finance group down here in Texas. We're having a little trouble keeping up with the timing demands of that skanky old SEC. Cant understand it, we've really only missed a couple of minor deadlines.
In addition to really skillfull accounting abilities we can use someone who can write a good imaginative story. Oh yeah and leathery knees to get down and beg, pray, whatever it takes. Pays in the form of stock options because right after we get our ducks lined up this baby's going to the moon.
As chief spokesperson for Orthofix, it would behoove you to learn spelling and grammar. They're in enough trouble without your 'help'.
I wil werk n tat nd tri 2 dew beter n thu futcher. Eye m sory yu dew nt lika mi postss. I nowe yu wish that Orthofex wnt bely up bt it wil bea ok. Eye m sory yu ar unhapy nd misable. eye thnk et's tme 2 goe bac 2 : ) book nd snapchit. Hve uh goed day.
I wil werk n tat nd tri 2 dew beter n thu futcher. Eye m sory yu dew nt lika mi postss. I nowe yu wish that Orthofex wnt bely up bt it wil bea ok. Eye m sory yu ar unhapy nd misable. eye thnk et's tme 2 goe bac 2 : ) book nd snapchit. Hve uh goed day.
Yu gotsa be in senior management only em best parsons get up to that thar level. Usin fancy words and such
All,
Quit playing this clown's game and it will stop.
Everyone knows OFIX is a shell company with zero enterprise value. The company was being pimped for sale and the music stopped before it found a chair. Management is a bunch of losers as anyone with a credible CV would never work there. This was evidenced by their three month chairman of the board. He ran as soon as he saw the reality of the situation. This is not a too big to fail company like GM, GE or AIG. In fact, it isn't even a Enron which disappeared! It is simply a company that will eventually evaporate due to deteriorating margins no ownership in any biologics( distribution agreement only) and NO studies or reimbursement strategy while insurance companies reject Stim more and more classifying it as investigational and TE as an overpriced DBM. And who even wants to think about the corrupt orthopedic division that never was... Who knows what goes on when your key locations are located in Italy and Brazil? Wow!
Therefore, let the facts speak while the moron squeaks. Remember, management did a stock buy back with millions in borrowed money at an average price of $27... Tick tock ,tick tock
I see they need another quarter to figure out the last three years of earnings hu? Perhaps they should have waited on that buy back before blowing more shareholder money..Perhaps Buffett Jr should head back to his cube and wait for the next RIF. Then we can all make fun of him on snap chat or FB for being a broke fool.
Buffet Jr here. LOL. You're comments are pretty accurate but at the end of the day Ofix doors will be open for business, a smaller footprint of what it once was and Medicare will still be paying for stim. I would not even doubt that it might be in the companies best interest to go private at this stage of the game. The company will find a floor and eventually level off. Whether the management team is sharp enough to lead them through all of this is a big big question. It's probably not even a question, the management team is very weak. Gotta go, someone wants to friend me on facebook. LOL.
I have thought it has been going private for some time. Insiders taking the last of the sucker, er I mean public investors out without raping them so that they can quietly close the door and stay out of jail. Then they sell Blackstone and the American stim business and go back to flogging fixators in Europe and South America. It's a good strategy, and it leaves the goofball US management to orchestrate some kind of IPO deal or something and get hung out to dry.
