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Bullboard - Stock Discussion Forum The Medipattern Corporation V.MKI

TSXV:MKI - Post Discussion

The Medipattern Corporation > close of 0.06?
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Post by smigel88 on Nov 30, 2012 2:59pm

close of 0.06?

Non-interest operating expenses in Q1 Fiscal 2013 totaled $1,291,287 versus $581,029 for Q1 Fiscal 2012, an overall increase of 122%. Of the $710,258 increase, $403,492 was attributable to the addition of the new mHealth division, while related acquisition costs, increased patent fees and higher share-based compensation accounted for the balance of the increased expenses. The Company remains committed to controlling all discretionary non-interest spending until operating cash flow improves and new financing is arranged;

 

shorts will be coming for this, financing sounds like its coming around the corner. if you are looking to jump in or average down, perhaps now is not the time..

Comment by requiemeterna on Nov 30, 2012 3:08pm
  Done right It will come together ,thats what counts.
Comment by svelt on Nov 30, 2012 3:57pm
Guy here just wants cheap shares to scoop at 6 cents and he'll be pumping in no time once he's in. Not handing it away to him. Expenses are quite high and net loss doesn't look good this quarter, but the point is revenues have increased well over tenfold and the firm is working through cost reduction strategies. VV's uptake/customer base seems to be growing and as long as that ...more  
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