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This company was mismanaged and ended up in bankruptcy where it is now. Prior to filing for bankruptcy, Ambulatory Healthcare Corp. was interested in acquiring PHP FOR $2.00 Most of the original shareholders who owned this company at $10.00 or higher and the fund managers have been dumping this stock to take losses for this year. December 16,1998 ABBULATORY said that it and PHP have signed a letter of intent to jointly develop a reorganization plan for PHP underwhich the two companies would merge. Abulatory wants to go public and this is a very cheap way to do it. There are 11.7 million shares outstanding - float is 5.6 million. Last price for PHPC was .08. | ||||||||||||
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