RE:RE:RE:RE:RE:RE:Brasil for all you doubtersSorry you do not appreciate or understand my comments. There is nothing I can do about that unfortunately.
Regarding the PO I would suggest you carefully re-read the press release as the answer is there. MedX recieved an order for 5oo scopes to be built and shipped to Brazil.These are in ANTICIPATION of regulatory approval. MedX will have to shippthe scopes to Brazil before the end of Q1 in order to record the revenue on their income statement as per the financial reporting rules.
As for the raise I hate to tell you this but companies raise money. The use of proceeds are in the filing documents.I hope you were as upset and vocal when the weed stocks were raising 100's of millions of dollars and then immediately pissing it away by aquiring over priced assets. Money never to be seen again. MedX will have raised a total of $10 million dollars after this raise and what do the shareholders get for that money?
A well funded company that now has a scalable platform that will allow MedX to expand Globally, a lead order worth $3,000,000 once deployed and generating $2,000,000 annually for every year. This is just the start with only 1,500 devices deployed that represents $8,400,000 of sales with $5,400,000 of annual recurring revenue, so that is not a bad ROI. Also with these sales MedX becomes cashflow positive and does not need to do another financing.
If you know of a company that is not public but is going to list to become public, that is not going to raise money and is cash flow positive, please let me know the ticker symbol because I am sure all the people here on this post that understand investing would buy it immediately in size.