Bullboard - Stock Discussion Forum LED Medical Diagnostics Inc LEDIF

Healthcare Diagnostics & Research

"LED Medical Diagnostics Inc is a Canada based company engaged in development and marketing of a medical device under the trade name VELscope which is used in the dental industry to help identify oral soft tissue abnormalities including those which may be cancerous or precancerous. In addition, the company also features a Digital division that provides dentists and oral health diagnostic... see more

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GREY:LEDIF - Post Discussion

LED Medical Diagnostics Inc > Trepidation

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Post by deepthinker63 on May 28, 2019 10:22am

Trepidation

Will we be burned yet again?

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Comment by ValueCap on May 28, 2019 10:16pm

Q1 coming Thursday, one time expenses as previously noted- Debenture of 1.15 million and interest paid off in Feb. Crucs remaining 450k was paid off in stock issued at .70 per share. Clearing of the Velscope backlog and ongoing Apteryx growth should put topline around 4 million range to estimate. Read more at https://stockhouse.com/companies/bullboard?symbol=v.lmd&postid=29712433 ...more

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Comment by deepthinker63 on May 29, 2019 10:17am

Less worried about results than capital raise.

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Comment by ValueCap on May 29, 2019 11:42am

Their debenture comes due in October. From memory I believe it's around 2 million. I believe the plan is to refinance part of it. I can't see why they couldn't refinance as opposed to issuing equity to pay it off. David Gane, Lamar, Crucs and co own significant shares and I don't think they'd want to dilute themselves any further if they didn't need to.

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LED Medical Diagnostics Inc