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CardioComm Solutions Inc V.EKG

Alternate Symbol(s):  EKGGF

CardioComm Solutions, Inc. is a global medical provider of consumer heart monitoring and medical electrocardiogram (ECG) software solutions. The Company’s technology is used in products for recording, viewing, analyzing and storing electrocardiograms for diagnosis and management of cardiac patients. It develops advanced software, hardware and core laboratory reading services related to ECG and ambulatory arrhythmia monitoring systems for medical and consumer markets globally. Its Global ECG Management Solutions (GEMS) and GlobalCardio (Cloud based GEMS) products are licensed worldwide to hospitals, ECG commercial reading services and physicians. The Company is also engaged in manufacturing, marketing, and sales of personal ECG monitors direct to consumers. The products are marketed under the HeartCheck brand. It has developed compatibility of the HeartCheck device to its GEMS and GlobalCardio based software to enable use of the device for remote ECG/arrhythmia monitoring services.


TSXV:EKG - Post by User

Bullboard Posts
Comment by juststocks500on Feb 17, 2012 2:50pm
287 Views
Post# 19551204

RE: 3,200 units @ 798.00 = 2,553,600.oo

RE: 3,200 units @ 798.00 = 2,553,600.oo

I'm thinking you took the 798 out the NR that stated how much the exam cost was.

The company also said that it's the 1 million dollars intake from Warrants that provided for the order for 3200 units/pens.

Worst case, that would be 312$ per pen. Given there are one time setup fees for the production line, contract fees, and a host of other fees, I'm positive the actual unit cost is much lower than that.

I'm guessing this is the quick calculation they want people to make in order to hide actual costs. Nothing says the entire million was spent on doing this.

What we really need is a sense of the gross profit.

Bullboard Posts