RE:Q-1 Results & Depleting Cash.......
I totally agree with this. And with their MD&A its way to fluffy. Getting wholesaler "listings" only means they will buy the product but if it dosnt move to pharmacy (where the true listings are required) then Vanc gets charged for stocking the product as it ages and then will deal with a larger return. So wholesaler listings mean nothing at all. All the IMS data that is talked about is not a reflection on what Vanc will get. they mix up the value of the drug in the province but don't indicate what % of that market value the listing represents. Hence you cant forecast their banner listings.