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Medx Health Corp V.MDX

Alternate Symbol(s):  MDXHF

MedX Health Corp. is a medical device and software company. It develops and manufactures skin-related screening tools and phototherapy devices for pain relief and tissue repair. It focuses on skin health with its SIAscopy on DermSecure telemedicine platform, utilizing its SIAscopy technology. SIAscopy is a medical device technology that is used to scan skin for suspicious moles and lesions and, including DermSecure, its telemedicine software application, and phototherapeutic medical devices, which use light energy in lower-level laser and light-emitting diode to provide treatment of pain and tissue damage in the rehabilitation market. Its products SIAMETRICS, SIMSYS, and MoleMate include hand-held devices that use patented technology utilizing light and its remittance to view up to two millimeters beneath suspicious moles and lesions in a pain free, non-invasive manner. Its SIAscopy on DermSecure telemedicine platform enables the Web-based operation of its SIAscopy scanning technology.


TSXV:MDX - Post by User

Bullboard Posts
Comment by Insightful1on Oct 14, 2020 11:12pm
125 Views
Post# 31719179

RE:Valuation how long before we make $$$$

RE:Valuation how long before we make $$$$Well that is a loaded question. It depends on when you put your money in? Did you by shares in the open market or did you participate in a private placement with the company. When I started investing in MedX the shares were around $.05 they have done a number of private placements the most expensive one was at $.16 so if you are worried about being down $.04 then perhaps a less volatile investment is in order. If you purchased the shares in 2008 at the all time high of $.45 then you have a different expectation.

The number of shares outstanding only impact the smalll retail trader as I said in an earlier post the key is what is the market capitalization? MedX currently trades at a 21 million market capitalization. you couldn't buld their technology today for that amount of money so compared to other telemedicne companies that trade at 900 million market cap or 25X enterprise value MedX is by that comparison inexpensive. If MedX wanted to have less shares outstanding they would simply roll the shares back 10:1 or 5:1 and you would have less shares outstanding but the exact same market capitalization.

What I am saying is share in the telemedicine space are hot and I believe will stay this way for some time to come. Once MedX starts to show SaaS revenue and a few large contracts the share price should start to reflect the same value as their peers.

So when you say we getting our money back out it again depends on where you entered. I have not sold 1 share as I believe in the management team and their strategy. So I cannot predict the future and certainly would not but I hope this gives you some input on how the market is valuing telemedicine companies.
Bullboard Posts