I completely disagree with your findings and also those of Wild Man. I think you are both over reaching. I am happy to be wrong but I would rather err on the side of caution and common sense.
A practice is a practice and it represents 1. This does not matter how it is drawn up. In previous company statements it was announced in the sentry deal how many practices they were going to use. From Memory and with out looking it was 5 initially and then they added some more. I believe in total Sentry are some where around 12 practices now of the 165 with in the group.
Yes each practice can have multiple advisors but each practice in its self typically is its own independant business, much like a doctors practice.
So If Sentry have up to 12 then the other 6 is divided between all the other groups.
Again this is not a bad thing but I dont think the sun is shinning quite as bright as you and others have suggested. I also think this is why the share price does not reflect this.
You may agree or disagree but I am just giving my opinion after spending many years with in the Finance Industry as well as not trying to read to much in to stuff that is not there.
Clearly the company like all companies like to have their statements read in the most positive way that can easily be mis interpreted how ever they were clear that they have 18 practices. This can be 18 different companies but we know that Sentry already have a number of practices doing this trial so it rules out your theory of Sentry being 1.
Not currently holding but have previously. Have no malice towards the company and only wish the best for all.
All IMO, DYOR and no Offence.
Hank
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