Memex Inc V.OEE.H

Alternate Symbol(s): MENXF

Technology Software - Application

Memex Inc. is a Canada-based company, which is an industry internet of things (IIoT) company. The Company’s manufacturing operations management system (MOMS) software products include MERLIN Tempus, MERLIN Tempus EE, MERLIN FOEE, MERLIN CI, MERLIN Operator Portal, MERLIN ERP, and Ax2245 ScanGun Bar Code Scanner. The Company is engaged in the development of MERLIN Tempus, a platform that delivers real-time, tangible increases in manufacturing productivity. The MERLIN Tempus suite provides quantification and management of overall equipment effectiveness (OEE) by revealing hidden capacity using real-time objective data. Its IIoT Hardware products include Ax760 MTConnect, and MERLIN Adapter for Siemens SINUMERIK 840D. The Company’s hardware solutions offer manufacturers the essential link that allows manufacturers to connect machines together. Its DNC & Memory Upgrades products include MERLIN DNC, MERLIN Dostek DNC, Behind-the-tape Reader (BTR), and Memory Upgrade.

TSXV:OEE.H - Post by User

Memex Inc

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Comment by SuperMoneyon Apr 09, 2019 10:47pm

71 Views

Post# 29604946

RE:Good volume today.

For those who want to get some key information about OEE, please read the company’s updated presentation at:

https://www.memexoee.com/wp-content/uploads/OEE-Investor-Deck-Q1F19.pdf

In addition, please be aware that Memex Inc. Reports Q1-2019 Results Record Quarterly Bookings.

https://ceo.ca/@accesswire/memex-inc-reports-q1-2019-results-record-quarterly

Please Carefully read and understand the following Management commentary from above news:

"We're pleased with the quarter's year-over-year revenue growth and record bookings," said Memex CEO David McPhail. "As we stated in our year-end press release, we anticipated that this quarter would be generally weaker due to holiday shutdowns in the manufacturing industry." Mr. McPhail went on to comment: "Subsequent to quarter-end, we are seeing increased activity that should flow through the second quarter."

In addition, $1.5M loan facility was secured. Please read it at:

https://ceo.ca/@accesswire/memex-inc-secures-up-to-15-million-in-loan-facilities

The following management commentary is quoted from the above news:

“G&G's engagement with Memex comes at a key moment in the company's development," said David McPhail, Memex's CEO. "Operationally, while Memex is executing well on the metrics that matter-bookings, backlog, revenues, margins, and cash flow generation-we believe the share price does not currently reflect the improving trend in results reported in fiscal Q4 and confirmed in fiscal Q1."

I believe that everyone should now have some clues about how good the Q2-2019 financial report will look like.

Given large share accumulations at 0.045-0.05 over the past few weeks, should it be the time for OEE to move higher? Everyone should have their own right judgement! GLTA.

Disclaimer: This is only my opinion that might be wrong. It is NOT any financial advice. Please do your own DD.