VentriPoint Diagnostics Ltd VPTDF

VPTs Financials

[GrahamB]

More of the same -negligible sales, declining cash reserves. 3891 REVENUE LAST 3 MONTHS,7781 0BER 6 MONTHS on operating expenses of 1.1 and 2.5 million. With so little revenue, the net losses are about the same at 1.1 million and 2.4 million over 3 AND 6 MONTHS 3.3 MILLION IN CASH, down from 5.1 million in December-so time is ticking, given sales are not coming in, and the expenses are still there Or in the companies words: There is no certainty whether the Company will generate significant revenues or attain profitable operations in the near future and there can be no assurance that it will achieve profitability in the future, as it incurred a loss of $2,460,538 and had a negative cash flow from operating activities of $1,841,895 for the six months ended June 30, 2023, and has accumulated $51,081,550 of losses as at June 30, 2023. The Company's ability to continue as a going concern is dependent on its raising of future required capital, bringing its products to market and achieving and maintaining profitable operations. The outcome of these matters cannot be predicted at this time. As a result there exists a material uncertainty which creates significant doubt regarding the Companys ability to continue as a going concern. Source:SEDAR.com

[WalkOverTheStrt]

Graham that is standard boiler plate verbiage most micro caps use in their filings.... We know sales are an issue but if you joined one of the investor calls Alvira has stated when they expect those POs/units to be accepted and the sales orders will ramp (Q4). I am not expecting anything of note until Q4. But if Q4 does not have a marketable (10-15+ sales) I will be concerned but again this was

[GrahamB]

I read the transcript. the fact remains, sales are negligible and have been negligible for the history of the company. this is a fact, verifiable. The boiler plate, is a statement of going concern  indicating that because there have been so little sold, and because sales are uncertain, the company very well could (and has ) become insolvent. That is also a fact.Its also a legal requirement fo

[G1945V]

Graham, now you are stating that "the company very well could (and has) become insolvent". Where is this coming from? Is this another one of your attempts to besmirch the company? G1945V

[GrahamB]

My post relates to my understanding of the financial history of this company and the companies current financials and posted “going concern”.   To be precise:   If we define Insolvency as:   “Insolvency is when an individual or company can no longer meet their financial obligations to lenders as debts become due. Before an insolvent company or person gets involved in

[G1945V]

Graham, Ventripoint has never made a legal declaration of insolvency period. You chose to use the adjective "insolvency", not Ventripoint in their financial statements. You need to be more careful in what you post on this forum. G1945V

[WalkOverTheStrt]

Graham They have made this warning before  VENTRIPOINT DIAGNOSTICS LTD. Management’s Discussion & Analysis – Quarterly Highlights Three Months Ended March 31, 2023 Dated May 30, 2023 https://www.ventripoint.com/_files/ugd/8e5203_6163d327e7974cdcb5a6eff9495cb751.pdf As a result, there is a material uncertainty which creates significant doubt regarding the Company's ability to

[GrahamB]

Thanks, but my understanding of insolvency as listed above, and compared to the companies financials is TO ME insolvency. Say what you want. Investors need to make thier own assessments as there have been countless examples of where the reporting can lag events in the stock market. Regardless, whatever you want to call it, the fact the company couldn't pay salaries and had accounts payable due

[jopatclo]

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[G1945V]

There you go, Graham. Now you're calling it financial stress. They have overcome financial stress and the company lives on. That's what counts. G1945V

[jopatclo]

This post has been removed in accordance with Community Policy

[GrahamB]

Call it what you want. At the most basic level of corporate finance When you cant pay your bills, and you have minimal income, at some point you have to face the music. Either make sales, or do more financings. GA should be commended for pulling this company back from the brink.  And from the history books: – Ventripoint Diagnostics Ltd. (“Ventripoint” or the “Company”) (TSXV:VPT) (OTC

[GrahamB]

Like I was saying,,, Just filed on SEDAR MD&A "The Company’s working capital of $2,440,668 at June 30, 2023, (December 31, 2022 - $4,607,068), and is sufficient to satisfy current liabilities. Based on the rate of expenditure, the Company does not have sufficient cash on hand and will have to raise equity capital in the near term in amounts sufficient to fund both general and

[Pandora]

I can't find anything on Sedar anymore. They certainly destroyed a good system and replaced it with a circus.

[jopatclo]

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[ScienceFirst]

GrahamB ... Wow!!!  Is this your best?  Really? Lollll Keep trying to play FUD with such manipulative arguments.  We just showed us how incompetent you are. You have absolutely no credibility at all with your latest post.  Even a 6th-grader would see clear in your FUD gimmicks.

[jopatclo]

This post has been removed in accordance with Community Policy