American Surgical Holdings (fka ASRG)

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nelson1234 PremiumMember

07/13/12 10:29 AM

Post #360

Re: #359: @Stockcracker - Finally received the distribution from TD. It

stockcracker,

yeah I just checked, and it was posted to my account at 10:43am yesterday morning.

Congrats on this trade...although its an old one...and good luck in the future.

best.

Stockcracker Free

07/13/12 10:19 AM

Post #359

Re: #357: @nelson1234 - stockcracker, Thats good to know...thanks for the info.

Finally received the distribution from TD. It was .05 per unit.

They also told me that they have now provided the holder info to American Surgical so they can distribute k-1's.

Stockcracker Free

06/27/12 1:11 PM

Post #358

Re: #357: @nelson1234 - stockcracker, Thats good to know...thanks for the info.

They did not provide the distribution amount

nelson1234 PremiumMember

06/27/12 12:57 PM

Post #357

Re: #356: @Stockcracker - TD holdings of CMC LLC units:

stockcracker,

Thats good to know...thanks for the info. Dont kmow why TDA wouldnt answer your questions.

If nothing happens by july 4, I'll probably call them.

Did ASRG tell you what they expect the per share distribution to be?

best.

Stockcracker Free

06/27/12 11:46 AM

Post #356

Re: #352: @nelson1234 - stockcracker, No...I have those in an am-turd account as

TD holdings of CMC LLC units:

The controller for American Surgical told me that they sent the K-1's and a distribution check to the collective holders of CMC at TD on May 25. She said the TD contact is Gloria Baxter in the non-standard asset group and the number is 800.632.9095.

Apparently the K-1 and distribution check are for all holders combined because TD would not provide the holder detail to American Surgical.

I've called the non-std asset group a couple of times, sent emails, called customer service...no luck with these guys yet.

Stockcracker Free

06/27/12 11:23 AM

Post #355

Re: #354: @junewong - Got mine..

What did you get? The K-1 and a distribution?

I'm still trying to get thru to TD. The controller for American Surgical told me she sent a distribution check and K-1 to TD on May 25th but said it was consolidated for all TD holders because TD would not provide the individual account holder detail.

junewong

06/13/12 6:58 AM

Post #354

Got mine..

junewong

08/24/11 10:32 PM

Post #353

Re: #351: @Stockcracker - Did you get your LLC shares for CMC

Got the same thing on Wells Fargo and Etrade. Post if you hear anything and I will do the same

nelson1234 PremiumMember

07/08/11 4:56 PM

Post #352

Re: #351: @Stockcracker - Did you get your LLC shares for CMC

stockcracker,

No...I have those in an am-turd account as well. Shows n/a under symbol, $0.00 Last Price, $0.00 Purchase Price, and the same number of shares I had before the sale went through.

best.

Stockcracker Free

07/08/11 3:58 PM

Post #351

Re: #350: @nelson1234 - mike...got my money on Friday via TDAmeriturd...received just

Did you get your LLC shares for CMC yet from the acquisition? TD Ameriturd just has a placeholder in my account for them. When I asked them about it they said that the units had not been delivered.

nelson1234 PremiumMember

03/28/11 7:43 PM

Post #350

Re: #349: @MikeDDKing - I think it should be pretty quick (2

mike...got my money on Friday via TDAmeriturd...received just over $2.91/share.

best.

MikeDDKing PremiumMember

03/24/11 8:34 AM

Post #349

Re: #348: @lytnup - Little less of a cash portion than I

I think it should be pretty quick (2 weeks or so) if you hold your shares in street name (at a broker). It is better to ask your broker if you need a better estimate. If they are in certificate form then I don't know how long it will take.

lytnup

03/24/11 12:03 AM

Post #348

Re: #347: @MikeDDKing - American Surgical Holdings, Inc. Completes Merger With AH

Little less of a cash portion than I was hoping for....

How long of a process is it typically to turn in the shares?

MikeDDKing PremiumMember

03/23/11 5:25 PM

Post #347

American Surgical Holdings, Inc. Completes Merger With AH Holdings Inc.
On Wednesday March 23, 2011, 5:16 pm

HOUSTON, March 23, 2011 (GLOBE NEWSWIRE) -- American Surgical Holdings, Inc. ("American Surgical" or the "Company") (OTCBB:ASRG - News) announced today the completion of its previously announced merger with AH Holdings, Inc., an affiliate of Great Point Partners I, LP. At a special meeting held on February 23, 2011, the stockholders of American Surgical voted to approve the Agreement and Plan of Merger that the Company entered into on December 20, 2010. Under the terms of the merger agreement, American Surgical stockholders are entitled to receive $2.89 in cash for each share of American Surgical common stock held. This amount represents the previously announced $2.87 per share price and an additional $0.02 per share for adjustments related to the cashless exercise of warrants and aggregate proceeds of options and warrants outstanding immediately prior to the consummation of the merger pursuant to the Agreement and Plan of Merger. Additionally, pursuant to the Agreement and Plan of Merger, the stockholders will receive (a) additional merger consideration at closing of $0.02 per share and (b) an ownership interest in CMC Associates, LLC, a subsidiary of the Company that will be the beneficial owner of certain pending litigation and litigation rights. Effective as of the closing of the market today, American Surgical common stock will cease to be traded on the OTCBB.

Stockholders of American Surgical who possess stock certificates will receive instructions by mail from Corporate Stock Transfer, the paying agent, concerning how and where to forward their certificates for payment of the merger consideration. For shares held in "street name" by a broker, bank or other nominee, you will receive instructions from your broker, bank or other nominee as to how to affect the surrender of your "street name" shares in exchange for the merger consideration. Questions about the deposit of merger proceeds should be directed to the appropriate broker, bank or other nominee.

Polaris Group served as the financial advisor to the Board of Directors of American Surgical. Broad and Cassel acted as legal counsel to the American Surgical Board of Directors and Thompson & Knight served as legal counsel to the Special Committee of the American Surgical Board of Directors. McDermott Will & Emery LLP served as legal counsel to GPP.

About the Company

American Surgical provides professional surgical assistant services to patients, surgeons and healthcare institutions, through its wholly owned subsidiaries. American Surgical markets its services to hospitals, surgeons and healthcare institutions. American Surgical provides service in Houston, San Antonio and Corpus Christi, Texas; Lawton, Oklahoma; Suffolk, Virginia; Memphis, Tennessee and Augusta, Georgia. For more information, please visit http://www.asainc.us.

About Great Point Partners I, LP

Great Point Partners (www.gppfunds.com) is a Greenwich-based health care focused investment firm that specializes in completing recapitalization transactions with middle-market companies and entrepreneurs.

Contact:

For American Surgical Holdings, Inc.
Polaris Group
Marshall Webb
(713) 779-9800

junewong

02/28/11 4:39 PM

Post #346

Bet this is the holdup !!

By Parent if (A) the Company settles any stockholder litigation against the Company or its

directors relating to the transactions contemplated by the merger agreement without Parent’s

prior written consent and (B) such settlement either (i) is not covered by the Company’s

insurance policy (or such coverage is denied by the applicable insurance carrier), (ii) does

not involve only the payment of monetary damages, or (iii) involves only the payment of

money damages, but such payment is in excess of the policy limits under such insurance

policy.

lytnup

02/14/11 9:08 AM

Post #345

Did anyone make it to the shareholder's meeting? How did it go?

lytnup

01/25/11 11:27 AM

Post #344

Re: #343: @MikeDDKing - I still stand by my comment that total

I remembered someone postulating that the dividend might be as high as the last one (.16 a share) - just trying to do some 3rd grade math while my son's fever breaks.

GLTY

MikeDDKing PremiumMember

01/25/11 11:23 AM

Post #343

Re: #342: @lytnup - Thanks. Any more thoughts about the size (if any)

I still stand by my comment that total consideration will end out being north of $3.

lytnup

01/25/11 11:22 AM

Post #342

Re: #341: @MikeDDKing - The special meeting is to be held of

Thanks.

Any more thoughts about the size (if any) of the final dividend?

MikeDDKing PremiumMember

01/21/11 11:04 AM

Post #341

The special meeting is to be held of February 23, 2011 per the DEF 14A filed today.

lytnup

01/17/11 12:14 AM

Post #340

These law firms are coming out of the woodwork......it would be interesting how often these "actions" have actually benefited shareholders.....

MikeDDKing PremiumMember

01/13/11 10:26 PM

Post #339

Re: #337: @lytnup - If a majority of the shareholders (i.e., the

Look at MFLU for another company with buyouts and "investigations." There are two law firms in common.

MikeDDKing PremiumMember

01/13/11 10:07 PM

Post #338

Re: #337: @lytnup - If a majority of the shareholders (i.e., the

Well, part of the claim is that the insiders own a majority of the shares and they are getting a different deal than the rest of us. The lawyers are trying to get a better deal for us.

I don't know when the meeting is supposed to be but the transaction is expected to close in Q1.

lytnup

01/13/11 10:03 PM

Post #337

Re: #336: @MikeDDKing - I doubt anyone is putting them up to it.

If a majority of the shareholders (i.e., the business owners) are in favor of the deal, then this is just background noise, yes?

Any idea when the meeting might be? The PREM14 I looked at didn't have any dates or times listed.....

MikeDDKing PremiumMember

01/13/11 9:57 PM

Post #336

Re: #335: @lytnup - So now there are 3 firms investigating the

I doubt anyone is putting them up to it.

lytnup

01/13/11 9:55 PM

Post #335

Re: #334: @MikeDDKing - I don't ever recall seeing anything happen but

So now there are 3 firms investigating the sale? Is business really that slow for these guys? Any idea who might be putting them up to this?

MikeDDKing PremiumMember

01/13/11 9:20 AM

Post #334

Re: #333: @lytnup - And what is normally the outcome? How

I don't ever recall seeing anything happen but then again I haven't watched closely.

lytnup

01/13/11 9:16 AM

Post #333

Re: #332: @MikeDDKing - I see a PR like that from both

And what is normally the outcome? How often do they succeed in getting more money from the buyers? And have they ever managed to get a buyout offer rescinded, evaporating any gains that existing shareholders had realized to that point?

MikeDDKing PremiumMember

01/13/11 7:37 AM

Post #332

Re: #331: @lytnup - Is this firm affiliated with Tripp Levy LLC

I see a PR like that from both law firms for pretty much every acquisition.

lytnup

01/12/11 11:53 PM

Post #331

Is this firm affiliated with Tripp Levy LLC that PR'd the initial action?

lytnup

01/07/11 10:18 PM

Post #330

Re: #329: @junewong - PREM14A

Does anybody know when the special meeting will be held to put this thing to a vote?

junewong

01/04/11 7:42 PM

Post #329

PREM14A

http://tinyurl.com/39sakpx

lytnup

12/28/10 10:47 PM

Post #328

Anybody have access to Bloomberg? It is rumored that consensus among analysts there has ASRG @ $3.37 a share in 12 months.

In light of their earnings, could other interested parties (buyers) be brought to the table if this shareholder action materializes? Or is it a moot point, since current owners control 60% of the stock, and can vote it how they see fit?

Rawnoc

12/28/10 12:28 AM

Post #327

Re: #325: @lytnup - I need to get out more - OTC

They happen more often than you think, and they almost always actually do close as long as they are fully reporting with the SEC and not a subpenny pinksheet scam.

That said, I don't care if it's a Dow stock....I generally take the money and run if it's a cash buyout. Once in a while maybe hold on hoping for a counter offer that's higher if it's a big household name.

lytnup

12/28/10 12:27 AM

Post #326

Re: #324: @pantherj - Sounds to me like a major stock holder

Thanks for the input.

lytnup

12/28/10 12:26 AM

Post #325

Re: #323: @Rawnoc - I sold. Am I the smart money?

I need to get out more - OTC companies that successfully pull off such sales are a rarity in my experience, and hence my apprehension about the deal actually sticking. Thanks for the input.

pantherj

12/28/10 12:18 AM

Post #324

Re: #322: @lytnup - Would have been nice to have actually seen

Sounds to me like a major stock holder with some business savvy contacted this attorney firm. The stock holder must feel that insiders are enriching themselves unjustly at shareholder expense. However, my understanding is that 60% of the votes have already approved the merger as it is currently outlined. So, I don't see what can be done.

For the record, I am not a shareholder. Nopr do i have any pecuniary interest in this whatsoever. This just piqued my interest and will be an excellent learning experience.

Rawnoc

12/28/10 12:11 AM

Post #323

Re: #322: @lytnup - Would have been nice to have actually seen

I sold. Am I the smart money? Nah.....I guess smart money says what's the risk here? Unless the buyout falls through, your worst case scenario is a $2.87 cash buyout which is higher than current.

lytnup

12/28/10 12:03 AM

Post #322

Re: #321: @Rawnoc - "analysts have projected that the true inherent value

Would have been nice to have actually seen an analyst's report valuing ASRG @ $3.40 a share.....

Does the smart money take profits now, or hang around for the "analyst" $3.40, with the risk that the deal could be rescinded due to the PR?

Rawnoc

12/27/10 2:11 PM

Post #321

Re: #320: @Rawnoc - Management Buyout of American Surgical Investigated by Tripp

"analysts have projected that the true inherent value of the company is worth
approx. $3.40 per share."

Rawnoc

12/27/10 2:10 PM

Post #320

Management Buyout of American Surgical Investigated by Tripp Levy PLLC

NEW YORK, Dec 27, 2010 (BUSINESS WIRE) -- Tripp Levy PLLC, a leading national
securities law firm, announces an investigation into the acquisition of American
Surgical Holdings, Inc. (ASRG). On December 20, 2010, American Surgical announced
that it had entered into a definitive merger agreement pursuant to which American
Surgical will be acquired and taken private by AH Holdings Inc., an affiliate of
Great Point Partners, I LP ("GPP"). Under the terms of the definitive merger
agreement, at the closing of the transaction American Surgical's stockholders
will receive $2.87 per share in cash.

Certain members of American Surgical's management team will receive a 14.9%
ownership interest in the buyer. In addition, management of American Surgical
have agreed to vote their 60% interest in favor of the transaction.

The investigation concerns, among other things, whether the consideration to be
paid to American Surgical shareholders is grossly unfair, inadequate, and
substantially below the fair or inherent value of American Surgical. Indeed,
analysts have projected that the true inherent value of the company is worth
approx. $3.40 per share. The investigation further concerns whether management
and the directors of American Surgical may not be acting in American Surgical
shareholders' best interests in connection with the proposed transaction.

If you own American Surgical common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests with regard
to this matter, please contact:

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com

SOURCE: Tripp Levy PLLC

Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com

Copyright Business Wire

lytnup

12/26/10 8:30 PM

Post #319

8K filed.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7625185

UGAinvestor Free

12/21/10 2:14 PM

Post #318

UUGGHHHH.. I had a buy order in when it was @ .70 and decided against it because I was managing someone else's money and the OTC part was a hard sell...Wow...coulda woulda shoulda right? Congrats to all who are reaping in the benefits today.

Bull Trader Free

12/21/10 10:51 AM

Post #317

Re: #283: @MikeDDKing - ASRG is my second largest holding and one

solid call Mike.
BLUeeeeee

Rawnoc

12/21/10 10:39 AM

Post #316

Re: #315: @TrueFlaco - So, perhaps a stupid question to the veterans

Crapshoot IMO. On the one hand the risk of holding is minimal. If the buyout falls through.....not good.

Potential is that we get a little extra cash and we get shares in another company (that's non-public I think) so it's possible to get a lot of value, in theory, in that other company. There's also the wild card that the buyout price gets raised through a competiting bid or other reason.

You have to figure out tax consequences as well of selling now vs. the future. Finally even at $2.87 there's still some premium vs. sell at $2.76

I've sold some and will probably just sell the rest. I'm not sure it's wise but with this much profit this quick I'll live.

TrueFlaco

12/21/10 10:27 AM

Post #315

So, perhaps a stupid question to the veterans out there, but does it make sense to sell today or continue to hold? If hold, until when?

SilverSurfer Free

12/21/10 9:56 AM

Post #314

Re: #309: @Rawnoc - ASRG -- it gets better:

superb call

pumpnass

12/21/10 8:51 AM

Post #313

Re: #301: @MikeDDKing - That made my day and year!!!!

no doubt bud

MikeDDKing PremiumMember

12/21/10 4:52 AM

Post #312

Re: #308: @mroc237 - Great buyout for ASRG, so what's next up

Please note Rawnoc's post about the SwingTrade Portfolio. Also, note this post:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57987752

If you have any further questions, please send me a PM or ask me on the SwingTrade board located here:

http://investorshub.advfn.com/boards/board.aspx?board_id=1781

Rawnoc

12/21/10 2:39 AM

Post #311

Re: #310: @pappy - Mike & Rawnoc,

Other stocks would be off topic on this board, however, ASRG is part of this fictional portfolio that we manage:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57870094

We will be putting out a more detailed DD version shortly. Just finishing it up.

Older

American Surgical Holdings (fka ASRG)

Followers	4	Posters	41
Posts (Today)	0	Posts (Total)	360
Created	04/27/07	Type	Free
Moderators

American Surgical Holdings owns American Surgical Assistants (ASA), a specialized staffing firm which is the largest provider of surgical assistant services to patients, surgeons and healthcare institutions in the Greater Houston, Texas area. The use of outsourced certified and/or licensed surgical assistants is a growing practice, offering a feasible and attractive alternative in the operating room. ASA plans to become the nationwide leader in the surgical assistant sector of the healthcare staffing industry. Services are available around the clock, every day of the year with an average response time of 30 minutes.

Web Site
http://www.asainc.us.

Financial Information

Quarter	Revenue	Diluted EPS
Q3'10	$6,866,640	$0.077
Q2'10	$6,406,778	$0.031
Q1'10	$5,438,490	$0.028
Q4'09	$5,058,309	$0.068
Q3'09	$6,724,758	$0.174
Q2'09	$5,938,695	$0.095
Q1'09	$4,039,397	$0.058
Q4'08	$3,601,434	$0.089
Q3'08	$3,072,479	$0.040
Q2'08	$2,575,143	-$0.093
Q1'08	$2,030,455	-$0.161

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Posts (Total)	360
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