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MedMira Inc V.MIR

Alternate Symbol(s):  MMIRF

MedMira Inc. is a Canada-based developer and manufacturer of Rapid Vertical Flow (RVF) diagnostics. The Company's tests provide hospitals, labs, clinics and individuals with instant disease diagnosis, such as human immunodeficiency virus (HIV), syphilis, hepatitis, and SARS-CoV-2, in three steps. The Company is engaged in the business of research, development and manufacturing of rapid diagnostics and technologies. Its research is focused on specific areas of the broader diagnostics market, namely the rapid, point-of-care, and in vitro sectors. Its tests are sold globally under the REVEAL, REVEALCOVID-19, Multiplo and Miriad brands. Based on its patented Rapid Vertical Flow Technology, the Company's rapid HIV test has regulatory approvals in Canada, the United States, China and the European Union. Its manufacturing facilities are located in Halifax, Nova Scotia, Canada. It provides access to its RVF Technology for researchers, developers, and biotech companies on a license basis.


TSXV:MIR - Post by User

Bullboard Posts
Post by Joyrideron Nov 29, 2019 9:16am
125 Views
Post# 30405046

Why is MM still pouring litteral millions into it...?

Why is MM still pouring litteral millions into it...?

In March the auditor wrote:

"The conditions, along with other matters as set out in Note 2, indicate the existence of material uncertainties that may cast significant doubt about the Company's ability to continue as a going concern."

(This is the main reason I finally bailed out)

Now in Nov:
"The conditions, along with other matters as set out in Note 2, indicate the existence of material uncertainties that cast significant doubt about the Company's ability to continue as a going concern."

BUT: "Liabilities: The Company’s liabilities increased by $2,070,554 or 18% between FY2018 and FY2019. This was mainly due to additional loans provide from the main shareholder and the management of the Company."

The above is why I am now scared I'll miss out!  What does Markus Meile know (and refuse to disclose)?  He has poured millions into what seems like a sinking ship.  I can only assume he is a smart business person to get to where he is now, so why?  His support (and thinking that he must expect a big win) is why I stayed in many years past when common sense said I should get out.  :-)

Something has been almost for a long time (the famed hockey stick).

If he was buying up more stock the silence would at least make sense (driving down the price for personal gain with a future big announcement), but that doesn't seem to be it...?  

Anyway, needless to say I am still watching closely from the outside.  :-)

Bullboard Posts