TSXV:RHT.H - Post by User
Post by
narmaron Nov 17, 2015 9:34am
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Post# 24297163
Great News this AM.
Great News this AM.A multi-location long term care company has signed up for a pilot project using Mosedas technology. Now we have proven that we can generate revenues on the subscription side and the hardware side. In my opinion both these large clients will generate recurring revenue for MSD. The great thing about this company is that it is running super lean, with no need for financing (unless we start acquiring other cash flow positive, revenue generating, synergistic companies), and our CEO is meeting new companies on a regular basis. He has now proven that he can close deals and generate revenue, instead of going into tedious negotiations that last forever. I am still expecting more news before year end with regards to potential new large customers and potential recurring revenue from existing customers. MSD in my opinion is a great company to hold on to. Imagine how fast we can grow revenue, when we have existing customers, instead of convincing a potential customer to be the first to buy from us. Also, our current customers are large companies with a lot of patients and with multi locations, no mom and pop shops here. With strong upper management that knows how to sell the product and present the company (and now has a proven track record), we should see continued appreciation in the SP. Good luck to all, narmar