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The Medipattern Corporation V.MKI



TSXV:MKI - Post by User

Post by segltechon Nov 30, 2012 4:28pm
253 Views
Post# 20668832

Monthly scan counts

Monthly scan counts

If scan counts were good in Oct and Nov, we should hear from the CEO in early Dec.

Otherwise the scan count will appear in the next qtry report next year.

Why did the CEO make the statement on TV that the business would be cash positive when he now has to make a loan of 1 million $, on ridiculous terms, to keep the business afloat!!!!

Is the scanning business so bad that we have to spend most of the companies coppers to purchase another business to subsidize revenue. This seems a really desperate strategy. It would have been much more prudent to concentrate efforts to fix the core scanning business and make it cash positive prior to acquiring another business.

I guess I am dead in the water with this one.I will just have to wait and see and really examine cosely this CEO says in future.

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