Prepare yourselves

Discussion in 'Rotech' started by Anonymous, Apr 21, 2014 at 8:48 PM.

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  1. Anonymous

    Anonymous Guest

    Things arent going to get better for us. We will never get out of this massive debt. Rotech will fold soon. Start preparing yourselves for life after Rotech. You have been warned.
     

  2. Anonymous

    Anonymous Guest

    hard to argue this.company is run by fools.
     
  3. Anonymous

    Anonymous Guest

    So Rotech loses 90% of their Liquid patients.
    35 to 40% of their concentrator patients.
    Due to the fact that PST's are no longer to deliver cylinders. Let alone other policy changes. So PST work load must have been cut by 60% or so. But, Rotech in it's infinite wisdom has decided to give all PST's a raise.
    Are they serious?
    Is this true?
    Someone PLEASE explain this to me.
     
  4. Anonymous

    Anonymous Guest

    i dont remember getting no raise
     
  5. Anonymous

    Anonymous Guest

    Hang on. It's coming. Will be announced soon.
     
  6. Anonymous

    Anonymous Guest

    YA I BET
     
  7. Anonymous

    Anonymous Guest

    It wasn't just PSTs...and its the raise that employees didn't get in January!!!
     
  8. Anonymous

    Anonymous Guest

    Truth. Already been given in some places. Not just PST's.
     
  9. Anonymous

    Anonymous Guest

    its a lie
     
  10. Anonymous

    Anonymous Guest

    Its not a lie. I got mine a few weeks ago.
     
  11. Anonymous

    Anonymous Guest

    Me too
     
  12. Anonymous

    Anonymous Guest

    I didn't get a pay raise but my work load almost doubled. So much for morale.
     
  13. Anonymous

    Anonymous Guest

    Just heard Rotech is giving up contesting VA contract
     
  14. Anonymous

    Anonymous Guest

    They were told by the Federal Court system "Due to there financial instability they we're pulling the contract. So it's over .
    This money was part of the " Budget " or temp CEO was referring to when he was saying were doing good. Gues what ? That's right were not doing "good"
     
  15. Anonymous

    Anonymous Guest

    You would have to be stupid to believe we're doing Good
    There still closing locations , not filling FTE slots.
    But that's not stopping the Big Cheese from telling us lies .
     
  16. Anonymous

    Anonymous Guest

    If you can only run it at a loss like the past because of losing this revenue(and it would take years to recoupe that lost revenue I am guessing based on the articles I have seen posted on here), the new owners will have to come up with the cash to cover any losses instead of it coming out of the cash the old company had on hand. This is going to be money coming directly out of the new owners pockets. An unforseen consiquence of the BK and IMHO a big mistake. Should have negotiated and taken a lessor equity position at maybe 75% as a debt for equity swap without involving the courts removing 100% of the second tier notes and everyone would have been happy and the revenue would still be there with the much lower debt load. Seems to me that in the end, you reap what you sow since 100% of the equity(total ownership of the company) was demanded.
     
  17. Anonymous

    Anonymous Guest

    same here
     
  18. Anonymous

    Anonymous Guest

    Or they can Not put another 46mil in a sinking ship.
    Cut there losses now .
    They will save some money and have one heck of a tax write off .
     
  19. Anonymous

    Anonymous Guest

    No money no job tomorrow
     
  20. Anonymous

    Anonymous Guest

    I guess they think we're stupid.
    I'm tired of hearing The Worst Is Over and Financually Were in Good Shape Now.
    It's very obvious we're not..