Predictmedix AI Inc C.PMED

looked at your suggestion . NOT desireable for this board

[molymoney]

These condensed consolidated interim financial statements have been prepared on a going concern basis, which contemplates the realization of assets and discharge of liabilities in the normal course of business. As at March 31, 2020, the Company had not yet achieved profitable operations and has an accumulated deficit of $15,768,104since its inception. The continuing operations of the Company are dependent upon its ability to develop a viable business and to attain profitable operations and generate funds there from. This indicates the existence of a material uncertainty that may cast significant doubt about the Company’s ability to continue as a going concern. Management intends to finance operating costs with capital market equity financings. If the Company is unable to continue as a going concern, the net realizable value of its assets may be materially less than the amounts on its statement of financial position.

 

Company estimates that the contract will generate $10M USD in SaaS revenue over a three-year period.Through the installation of security kits, the Company has aided Cuajimalpa County to become one of the safest counties in Mexico City. As the camera network gets deployed the analytics software is added to create a recurring revenue per camera per month.In January the revenue connected to the first phase of this network was booked at $100,000. This network is now deployed in more than 3,000 cameras in various Mexico City counties.

 

Management anticipates operating expenses for the year ending December 31, 2020to be approximately $5,200,000.

90 MILLION SHARES... Not really global selling something for a communist government.. facial recognition and night cameras . Only tech is thermal.. $15 million debt , higher burn , not really anywhere near where pmed is global and technology nowhere near as good in being unuversal. No doubt this debt will increase and so will the shares . The contract revenue talking about it spaced over 3 years plus the margin is probably low anyway. Probably best to sell this on the correct board . I would buy more Pmed shares instead of buying this company for sure.They have a long way to go and have debentures also .. good luck with this Pmed will be so much more profitable soon with no need of more debt or shares

[SkynetMoney]

PMED has more outstadning of 100 MILLION SHARES and less revenue booked for 2020 not to mention far from profitable. You do realize that VSBY has upwards for $15M revenue booked for 2020 alone on top of taht $15mm Mexico contract. PMED is also trading at a 5x valuation to VSBY. PMED is at a $90mm market cap when VSBY is only a $20mm market cap not to mention...   PMED As at July 31

[molymoney]

You are quoting old numbers from the shell company bought out LOL ! PMED has money in the bank , enough to cover company burn rate for three years . Plus going forward have no cost and already a global entity with multiple partners. I would advise you to sell and just buy PMED starting next week before the train leaves the station. This will save you a lot a heartache  :)

[Higherhopes2020]

Well said.  Just keep in mind in couple month PMED will have 20 million sales That means 20 cents profit or a 1 dollar stock.  Their burn rate is 45000. They have 1.5 million cash which will last over 3 years and no debt. Their partners do the sale for them.

[marrcoooo]

Higherhopes your speculation on SP seems a bit low at 0.20 x PE of 5 = $1.00. As Equity Guru states the last thing Hindalco would want is an impaired employee screwing up a $95,000 sheet of aluminum. The average liability due to impairment in India is roughly $4,000 per employee. X 36,000 of Hindalco's employees and you’ve got $144 million in employee impaired liability that you could

[Higherhopes2020]

Well Said. Hang on everyone there will some NR will comming somtime this week PMED and its partners must be working to secure some sales shortly.