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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

Comment by Insightful1on May 17, 2021 2:05pm
93 Views
Post# 33215068

RE:RE:RE:Interesting, PP at 18 cents just announced

RE:RE:RE:Interesting, PP at 18 cents just announcedMedX like any company looks at opportunities and the costy of opportunities. If a strategic investor wants to put capital into MedX's tresury and that enhance MedX's balance sheet and opens up opportunities to MedX you take the money. You only do this if it speeds up your time to market. I take it that is what is behind this PP. It was done a a premium to the market which is a very good sign. 

You have to stop looking at dilution as your benchmark look at the market capitalization as the benchmark it is the more relevant number. MedX could do a 20 to 1 roll-bact and that would solve the shares outstanding issue and I would highly recommend they do that once they have established a meaningful revenue base. MedX is driving to be cash flow positivethis year which is different then debt free as I am sure you are well aware.
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