01 · Challenge
The Challenge
When Hayden IR began representing Conmed Healthcare Management on August 1, 2007, it was a small, regional company traded on the OTC Bulletin Board with a market cap of less than $40 million. A bear market made conditions especially challenging for micro-cap stocks.
02 · Solution
Our Solution
- Developed collateral and positioned the company within the investment community as a unique, recession-resistant growth opportunity
- Made introductions to more than 1,000 unique institutions and, in the first half of 2009 alone, arranged face-to-face meetings with more than 50 funds
- Targeted and arranged meetings with the financial community and prepared supporting materials
- Increased the base of institutional investors to enable the company to qualify for listing on NYSE Amex
03 · Impact
The Impact
- Qualified for listing on NYSE Amex, moving up from the OTC Bulletin Board
- Share price rose 15%, from $3.50 (August 1, 2007) to $4.10 (July 17, 2009), despite a bear market, particularly for small-cap stocks; market cap increased to $51 million
- Secured direct investments through Hayden IR introductions from Aegis Capital, Ardsley Partners, Red Comb Advisors, Block Capital, SSM Investment Management, Monarch Capital, Smith Barney, Pegasus Capital, HealthCare250 and Hori Capital Management
- Participation in the quarterly results conference call more than doubled, and the number of professional investors following company news more than tripled
Past results are not indicative of future performance. Figures are as reported in Hayden IR’s case study for Conmed Healthcare Management, Inc. See our disclosures.
