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Medivolve Inc MEDVF

Medivolve Inc. is a Canadian healthcare technology company. The Company and its subsidiaries, Medivolve Pharmacy Inc. (doing business as Marbella Pharmacy) and Kedy Ying Jao D.O., a Medical Corporation, operate a distributed network of two retail patient-care locations in California, United States. It has two business units: Medivolve Pharmacy Division (MPD) and Medivolve Clinic Services Division (MCSD). MPD provides retail pharmacy and mail-order pharmacy services related to COVID-19, antibiotics, dermatology, family medicine, immunology, neurology, pain management, pediatrics, preventive medicine and psychiatry to patients in Southern California. MCSD provides licensed healthcare through a clinic in Brea, California, United States. MCSD is focused on developing a telehealth platform, which connects patients with physicians, and facilitates and manages the provision of virtual consultation, diagnosis, and treatment services in partnership with qualified health practitioners.


OTCPK:MEDVF - Post by User

Post by deepoil0808on Nov 22, 2021 9:54pm
200 Views
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 
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