Medipharm Labs Corp T.LABS

Labs vs Hexo

[Hound2010]

Anytime you get 10 million one way or another is a positive to financials. If you dont have to do a write down is positive financially

[allibabba]

Of course!  I am just pointing out for those that haven't been around for as long that the dollar amount on the financials can only stay status quo or go down by 9 million in regards to the suit.  They won't be adding 9 million to the balance sheet either way.  That being said, I can only assume that the current SP is in anticipation that they will lose the suit, therefore

[Hound2010]

Agree

[alleyesonme]

10 mil of their current receivables is amount owing from the suit. Once they receive the money it's accounted for as revenue. And applied to the bottom line of whichever quarter it's received. So I don't see how it's "status quo" on their financials if they get it. I do agree that the sp is reflective of the reality of them not having won the suit. No disrespect I'll

[alleyesonme]

Simply, status quo is the amount staying in receivables. When it's settled we will either have a gain or a loss. Sorry, thank you what's up with this volume????

[allibabba]

I agree.  I am saying that receivables are already included in the cash position of the company so even if they receive the money it will not increase their cash position.  Thanks for clarifying.

[allibabba]

They've already booked it as revenue on a previous quarter.

[allibabba]

It's been a carryover receivable ever since.  I could be wrong here but I am pretty sure that's how it boils down.

[allibabba]

In other words, if they lose it will be a 9 million dollar write down.  And that's what the shorts are betting on at this point.

[Righttothetop]

I respectfully disagree....I've said it many times, but this Hexo thing is noise....being amplified by some, but it is still noise.  Shorts are high because people (maybe even rightfully so) think that LABS doesn't have a short-medium term turnaround plan/future.  They don't see how a smallfry(ish) Barrie based outfit can grow and get to the big time and thus believe it'

[Lemoyne]

Regarding international growth: if LABS proves itself with STADA, it will be extremely well positioned to sign a deal with USA behemoth pharma. If this happens, LABS will definetely be on a whole different level. ALso, if this ends green today, it will be a 4 day green streak.... hasn't happened since march 2020.

[Righttothetop]

Now you've gone and jinxed it again....

[Righttothetop]

Anybody know why the rest of the sector is exploding?  On my list, only LABS and VLNS are stuck in the mud.....

[Lemoyne]

People saying it's because jazz pharma acquired GW pharma for 7.2B

[Righttothetop]

Seriously??  Weird.....

[Lemoyne]

It is a vote of confidence in cannabinoids from a behemoth pharma. Considering GW's position in the usa with its FDA approved cannabinoid medecine, it means jazz pharma believes the canabinoid market will flourish.

[allibabba]

That's one giant of a company now.  I'm not soft bashing here guys but would a company that size not be able to basically supply the world demand? It's mind boggling. 

[allibabba]

I guess the better question is are they allowed to do business outside the US at this point?

[Lemoyne]

Honestly, LABS performance today is a surprise to me. Did not think it was going to hold the gains it made yesterday. It closing .75 and up is a solid day IMO, considering nothing positive was announced for LABS itself.