Medx Health Corp V.MDX

Exactly how many clinics are we in the Netherlands?

[Dunworkin2]

Given the write up in that Beacon report from December 2020,  it stated that within 12-18 months the expectation was to roll out siascopy to all 41 clinics in the Netherlands and that would produce about $3 million annually in recurring revenue.

We are 10 months in from that Beacon report, I think I read or heard that expansion in more clinics has started. (Good). Given the Netherlands is our best current siascopy revenue producer, does anyone know how many clinics we are in the Netherlands today, and if Mdx is on track to open up in the remainder of clinics there in the next 8 months or sooner.

Concrete numbers are what investors are seeking:

1) how many clinics are using siascopy in the NL today?
2) are we on track to open in the remaining clinics in the NL in the next 8 months?
3) are revenues from the 41 clinics still in the $3 million recurring revenue range? If not, what are the revised numbers?

Pretty simple really, investors would like an update to numbers provide in the Beacon report, which Medx would have provided to Beacon.

So Sylvain/Mike...can we have an update on the NL?

[hobbs2969]

In one of the recent conference broadcasts, Mike mentioned that MedX now has 6 locations open in The Netherlands and will look to have 11 by the end of 2021. 

[Insightful1]

Well it is nice to see someone is paying attention. I think the part that struck me was the throughput. They have completed some 4,000 scans in by 6 months=667 scans per month with 2 -3 machines onboarded at that time. Given that they are expanding to 11 by the end of the year there is clearly a heavy demand by customers. They caught 214 melanomas which means this news will spread through social

[Dunworkin2]

I am more interested in asking the 'enept' management team why only 11 scans by Dec 31 when their press release and Beacon report talks about 41. ?? Since they aren't hitting their target (yet again), when will the balance be installed? Why does this business and mgmt group consistently  over promise and under deliver? Creates a lack of credibility IMO. Btw, Yes, I have

[Insightful1]

I suspect there may have been a global pandemic between the writing of that report and the reality of the situation. Global Pandemic statistics; https://en.wikipedia.org/wiki/COVID-19_pandemic_by_country_and_territory As the world reopens you are seeing a pickup in the demand for cancer screening and the huge wait times.  What price are your shares for sale and how many?

[Dunworkin2]

Message sent to your Inbox

[hobbs2969]

Hey Dunworkin2, Keep your shares and stick around till the shares hit a least a buck and keep up the comments. Much appreciated.

[Insightful1]

I agree, the one thing you can never get over is regret. If you sell your shares as MedX is coming out of the Pandemic and starts to announce a number of large potential pilots you will never forgive yourself. If management doesn't start to shows signs they are executing on their plan then sell but don't be emotional because it has taken a little longer. If you look at DermTech it bounced

[hopefull]

I agree . I think we all can agree that we are just frustrated. Need to hold on for a while longer and wait until Medx figures out how to generate investor excitement .