GREY:EPWCF - Post by User
Post by
Smokey1958on Mar 01, 2023 3:18pm
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Post# 35313290
Good News, Bad News
Good News, Bad News The NR today provides some positive news, some potential and some bad news that may finally be behind us.
The good news is that revenues seem to be tied to Medisure ....this was definitely a positive acquisition. In fact Medisure continues to be meeting expectations and with some approvals for their products in the US should be able to forecast significant growth.
The potential is in Medisure acquiring these approvals sooner rather than later. While not a part of current revenues hopefully the expectation of Medisure Labs being a testing site for new diagnostic products will also come to fruition in the second half of this year.
That revenues from the Medi Collective are down is not surprising. That this chapter may finally be closed at least puts this in the rear view mirror. Unfortunately, as it turns out, a lot of capital both literally and as goodwill to investors has been wasted. Steve still has much to do to restore investor confidence. It is hard to imagine this can be done now without an RTO ....and we know how these usually work out.
The annual financials for 2022 will probably look better than this quarterly only because it is quite clear that covid testing had become a significant driver of revenue. With some "luck" these will come out on time ...likely by the end of June (with the new year end) and will be the final chapter on the previous direction. While it no doubt should and has left a bitter taste it can be hoped that by this time the $.05 PP has demonstrated some merit.
GLTE!!!