OTCPK:MEDVF - Post by User
Post by
deepoil0808on Oct 09, 2021 11:18am
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Post# 33991855
Refund of $ 7.7 million USD from PCL ($300 milllion company)
Refund of $ 7.7 million USD from PCL ($300 milllion company)PCL Inc. trades on the Kosdaq Exchange in South Korea.
They have 10,090,000 shares outstanding trading at $ 31.70 per share USD (37.700 South Korea wons).
This gives them a market cap of: $ 317,000,000 USD
This means that they can easily REFUND MEDV for its deposit of $ 7.7 million USD which was given for test kits which were not accepted by FDA.
This $ 7.7 million USD amount is closer to $ 10 million Canadian.
Stan Bharti paid off the promissory note that was due as they had borrowed the original funds to pay to PCL Inc.
Stan Bhati has given MEDV a chance to recover these funds from PCL Inc.
We will see status of this claim in the next financials, hopefully it was recovered.
Here is the link to PCL Inc.
https://www.bloomberg.com/quote/241820:KS