OTCPK:MEDVF - Post by User
Post by
deepoil0808on Nov 22, 2021 9:54pm
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Post# 34155368
Huge hint that testing is going away
Huge hint that testing is going awayCompany comment in press release:
Medivolve's next growth phase is about pivoting the model and putting the pieces together to build a profitable, SaaS-based health-tech company.
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I thought the next growth phase was Q4 covid19 testing with robust sales?
Are they hinting that the testing is going away and, need to move to new market?
So I guess that I am right with sales materially slowing down and loss from operations.
Good Luck with new pivot, it will take years building it and, PP upon PP upon PP....
And do not forget 1 for 15 reverse stock split as a thank-you to shareholders.
Plus more dilution tonight with 6,300,000 shares issued at 7 cents for $ 411,000 creditor.
With all those receivables on the books $ 25 million, they could not pay off $ 411,000?
Sure does not smell good to me.
We are dropping to the 7.5 cent level tomorrow.
My personal opinion