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Think Research Corporation THKKF


Primary Symbol: V.THNK

Think Research Corporation is a Canada-based company that offers digital health software solutions. It is a provider of cloud-based data, knowledge, and software solutions primarily delivered as software-as-a-service (SaaS) to healthcare delivery systems and the practitioners that they support. Its operations are organized into three lines of business: Software and Data Solutions, Clinical Research, and Clinical Services. Its SaaS solutions help patients find, navigate, and connect to health services across large governments and payer clients, while also ensuring safety for prescribed medications at pharmacies. Through its wholly owned subsidiary, BioPharma Services Inc., the Company provides research data and analysis derived from Phase I clinical trials, bioequivalence studies and bioanalytical services. Its clinics act as a test bed for its software and technology, transforming them with digital solutions that optimize clinical outcomes, streamline workflows, and optimize billing.


TSXV:THNK - Post by User

Comment by RomanNumeralon Feb 27, 2021 7:09pm
182 Views
Post# 32680120

RE:What does the market know not revealed in the Prospectus??

RE:What does the market know not revealed in the Prospectus??Lets paint a picture for you and other readers:

Up until they  IPOed, they lost $79.6M historically, had only $20M of revenues to show for it and expenses of $30M such that they lost ONLY $10M in that 12 month period reported in the "Financial Statements of RTO acquirer" posted to SEDAR on January 28, 2021 (p.4 and 5).

When your expenses vastly exceed your revenues, business cannot be sustained without debt or equity raises.

Cue the IPO where they raised $33M, used $18M of it to pay off their debts including redeeming their Class A Pref Shares for $5.8M (p.22 of their Filing Statement on November 30, 2020), use the rest of the cash to sustain their non-profitable business and make three acquisitions not related to healthcare software to cover up their own poor performance.

At this pace, they're going to soon have to raise money again at a discount to the current share price (don't even think about your IPO share price) and further dilute the current shareholders as a result.

Happy sailing.


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