The stock price of 18 cents per share for MEDV confirms the DISTRUST that shareholders have for the company, which presumably has $ 27 million in sales in 2 quarters.
If there was trust we would be at $ 1 per share.
This is how the TRUST was broken with shareholders
(a) Shareholders are told of the possible UPS in business but are never warned of the possible downs in business.
(b) Shareholdes are promised possible discount receivavle financing and, are given dilution shares at a 50% discount
(c) Shareholders are promised 2,000 cubes and, will only receive a possible 60.
(d) Shareholders are promised a possible 160 tests per day per cube and, reality at tops the average is 50 tests per day over 3 month period.
(e) Shareholders are told that shares will be issued to buy a telehealth company, only to learn that this company was just created (it was a shell company)
(f) Shareholders are told tests are tracking better in March 2021 than February 2021, actual results show the reverse being a material decline.
(g) Shareholders are told that companies are approaching them every day for covid19 testing and, yet we do not have any signed company deals for covid19 announced except for gold company in January 2021.
(h) Shareholders are told in various press releases that acquistions and investments are made BUT at year-end financials it is shown as material write-downs to nil value.
(i) Flip flopping on transparency in tests and, changing of metrics. At one point company refused to release test results as they claimed that you would not understand them, and then they changed metrics to value their performance. with other metrics as first set of metrics did not suit them.
(j) Key person running Collection sites suddenly steps down, no reason given.
(k) Canaccord shareholders are given a lucrative bought deal, only to find out 2 months later that they overpaid and that there was no lucrative deal.
So you tell me, HOW IS THE COMPANY going to overcome the TRUST DEFICIT?
I just wish I had sold at 70 cents, my fault, got too greedy and this trust deficit was well hidden at that time.
mpo