RE:RE:RE:Reading ChartsAnd that makes sense but I thought it was rather strange that its simply a given that they can sell this inventory that you suggest is a no brainer.
Its been removed from inventory because they have no plan to sell it. Its simply being provided to clients and thus is property of the company.
From the report...
"Transferred inventory with a total value of $3,170,791 to property and equipment (Notes 5 and 6) for medical devices provided to the patients that are placed onto the Company’s iUGO Health technology platform."
So how many are in the hands of clients and can they be reasonably taken back and sold? How many are still in boxes and can be sold? Are any in the hands of clients? Clearly they moved from inventory to property because they have no plan or interest to sell them.
Its a dollar value and she says its there and as you say a last resort but just provide some clarity on some issues...would have been nice.
And having the devices might be the difference in gaining and retaining patients so it was at the time a big cash drain but maybe now its turning on OB'd in a big way but there was no clarity on that even.
It was ...an infomercial. You got a parent or loved one that needs help....here is what we provide. That is all it was to me.