No PP required Company is in a great cash position, share price is very attractive and the rollout of their key product, vascular software "Visualize" is ramping up. Insiders options excerisable at 40 cents which is more than twice the current SP. All good...I'm sure GE is looking inward.
At Nov. 30, 2011, the company estimates working capital at $1.75-million.
"The company also announced that on Dec. 21, 2011, in accordance with its stock option plan and subject to regulatory approval, the board of directors of Medipattern has approved the grant of an aggregate of 971,000 incentive stock options to certain directors, officers, employees and consultants. The options are exercisable on or before Dec. 21, 2016, at an exercise price of 40 cents per share, with a portion of the options granted subject to vesting at the rate of one-third of the options in one-year increments over a three-year period."