RE:correction to posting below...That depends on the nature of the CL. Most of the CL are old liabilities that will never be paid and require MedX to spend some money to clean up. They relate to the debt accrued by the old management team. I beleive it is somewhere around 1.2 million according to the CFO from and earlier call with him.
MedX was a turn around and has to live within that reality. The company was over done gone full stop 5 years ago. The new management team has been able to finanace and run the company on a shoestring and still manage to build a world class telemedicine platform with the world's most unique image capture device. So where are the revenues?? I would suggest Brazil will come onstream quickly and then investors will understand scalbility and large market demand.So I expect reguatory clerance in December and then we will get to see the pent up demand.
Now the key will be what else does MedX have in the works besides Brazil? I am sure we will hear more shortly and lets hope it is more large scale distribution.
As for the first PP closing it is no seceret MedX needs funding to continue to support operations so closing money sitting in trust to help with operations is not so alarming.
When people flooded into the cannabis space there was a lot of money made in the hype phase now they are all desperately low on cash and have huge overhead and tonnes of inventory. Investors late to the party have been cruxcified. So a lot of spec money is now gone and MedX is an orphaned stock.The share price will only move aggressively when they announce significant sustainable order flow.
I believe sizable revenue is imminent and time will prove me right or very wrong but for the technology, medical advisory board that supports this, the Brazilian market opportunity, the other large opportunities they have alluded to and the very determined management team. I am holding strong. I believe this management team has way more skills then any of the armchair quarterbacks have given them credit for.
Bob McWhirter is no light weight and he has stuck with this company and to me that speaks volumes. Have a great weekend and remember at the end of the day this technolgy saves 1,000's of lives a year maybe it may save the life of someone you love.