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VentriPoint Diagnostics Ltd V.VPT

Alternate Symbol(s):  VPTDF

Ventripoint Diagnostics Ltd. is a Canada-based medical device company. It is engaged in the development and commercialization of diagnostic tools to monitor patients with heart disease. It develops a suite of applications for all heart diseases and imaging modalities, including congenital heart disease, pregnancy, pulmonary hypertension, COVID-19, technically difficult imaging and cardiotoxicity in oncology patients. It provides application of artificial intelligence to echocardiography. Its flagship product, Ventripoint Medical System (VMS+), enhances echocardiography to deliver cMRI levels of accuracy for volumetric measurements and ejection fractions for all four chambers of the heart. It has developed a solution that transforms cardiac care through its 3D ECHO and MRI software. VMS products are powered by its proprietary Knowledge Based Reconstruction technology, which is the result of a decade of development and provides accurate volumetric cardiac measurements equivalent to MRI.


TSXV:VPT - Post by User

Comment by Yajneon Dec 10, 2020 10:06pm
115 Views
Post# 32085918

RE:Wage subsidy announcement

RE:Wage subsidy announcementAlthough it may not seem 'material' from the point of view of VMS+3.0 sales, it is significant in the sense that it has a very positive affect on VPT's cash 'burn rate', by significantly extending their runway. So, although I would have also hoped for a NR announcing more significant sales, this nr does provide me as an investor some comfort knowing that they're agressively taking advantage of the programs the FED's are currently offering in this COVID environment. In my 'retired' life, I have been helping my wife with her cafe/restaurant business and so have first hand knowledge on how important such programs have been for any small business during this covid bullsh*t. In Alberta we will have to shut down our 'sit-in' service again starting Sunday, but will still have to pay all our fixed costs (rent, utilities, insurance,, etc, etc). We are therefore taking advantage of every possible support program that we qualify for, they are definitely a bridge to 'back to normal'


na7ureboy wrote: My only question is...*why on earth* did they announce this? Did they think this would move the stock price up in any way? Struggling to see the rationale on this one. Wobbly holder here...


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