Getting it StraightThe relationship between DM and SCRN is open and without dispute. DM was never in the business of carrying out the tests they were securing the rights to buy and distribute. It's no coincidence that the tests SCRN was selling and processing just happened to be from South Korea ...the same as those procured and sold by DM.
This from the first NR associated with SCRN becoming a public company.
ScreenPro provides turnkey coronavirus screening solutions to the private sector. ScreenPro's unique access to multiple manufacturers of high quality South Korean test kits and its strategic partnership with Canvas Labs in Vancouver and Integrated Explorations in Ontario.
There was also the relationship between DM and SCRN for the walk-in clinic (Concierge Medical - subsidiary of DM) in Vancouver. It would be no surprise to learn the ScreenPro had been carrying out the testing and processing of the tests sold by DM long before it became a public entity.
None of this takes away from anything happening with ScreenPro in terms of tests completed and revenue generated. DM NRs refer to the contracts (relationships) signed and the tests sold while SCRN NRs deal specifically with tests completed ....and there has been no deviation away from this. The only difference now is that one could expect that SCRN is a middleman in the sale of test kits and is the service provider for carrying out these tests. That is for every test device sold by DM as per their NRs SCRN is a significant partner.
The result is clear and unequivocal .....$6.8 million in revenue for Q1 and $5.6 million in Q2 with addional film companies and productions in the pipeline for Q3 .....and NO discernible END to testing, testing, testing. Further to that Morningstar's Fair Value sp has never fallen below $.04. Their 1-star speculative valuation has been between $.08 and $.11 for over a month.
Imho, were it not for constant and determined manipulation of the sp of SCRN by day traders the irrational sp over the last week and several months now would be a distant memory. As such it would and should not take much to finally see this debacle behind us.
GLTE ....holding patiently!!!