CVR Medical Corp V.CVM.H

Alternate Symbol(s): CRRVF

Healthcare Medical Devices

CVR Medical Corp. is a medical technology organization. The Company is focused on the development and advancement of technology at work within the healthcare sector. The Company’s Carotid Stenotic Scan (CSS) is a diagnostic tool designed to detect and determine a level of carotid narrowing for the purpose of identifying patients at risk for Ischemic Stroke. The CSS provides a synergistic tool, which complements other stroke screening technology such as Duplex Doppler ultrasound (DUS), magnetic resonance angiography (MRA) and computed tomography angiography (CTA). The CSS is non-invasive and does not require the use of harmful dyes. It offers its product to patients, payers, and healthcare providers.

TSXV:CVM.H - Post by User

CVR Medical Corp

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Comment by oldtimer42on Feb 22, 2020 10:12am

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Post# 30720888

RE:Where Do We Go From Here?

I believe the crux of the dispute between CVM and Global is that Peter is not prepared to give up control of Global's affairs to the CVM board. This must be the conflict of interest scenario that the Exchange has identified. I doubt Peter will prevail and he will sign onto what he agreed to but the longer he waits the more jeopardy we are in. I hope that rogues gallery on Global are not all still on the payroll. The auditors must have highlighted that fact...no wonder Global voted against retaining them.

The new board now has control, Peter is on a slippery slope. With the backing of the Exchange the board can force a resolution, it is only a matter of time before Peter complies, surely he is being advised by cooler heads to just sign on. His actions appear to have been at least corrupt and possibly illegal according to auditors and the Exchange. The last thing we want, or he should want is a protracted and costly legal battle.

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