Bullboard - Stock Discussion Forum SQI Diagnostics Inc V.SQD.H

Healthcare Medical Devices

SQI Diagnostics Inc. is a Canada-based company that is focused on lung health. The Company is engaged in the development and manufacturing of respiratory health and precision medicine tests that run on its fully automated systems. Its clinical solutions include Rapid Acute Lung Injury Diagnostic (RALI-Dx), lung transplant diagnostics, COVID-19 testing and surveillance testing solutions. Its... see more

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SQI Diagnostics Inc > Liquidity and Going Concern Risk

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Post by ResearchGuy on Mar 01, 2023 8:49pm

Liquidity and Going Concern Risk

Any thoughts from you MM on the level of concern regarding "Liquidity and Going Concern Risk" paragraph. First time we have seen this type of language from the SQI.

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Comment by mercedesman on Mar 03, 2023 10:59am

No particular insights on where (if) funding will come in time. Going Concern warnings are required long before "the hardest of times" for legal reasons. But here are a few thoughts: $ 18 M CAD $ MC (today at .045) for the complete pipeline (see today's release) ?!?!?!? When the future annual revenue potential of the pipeline is between $ 1B USD and $ 2B USD ?!?!? ...more

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Comment by ResearchGuy on Mar 03, 2023 11:46am

Thanks for your input MM let's hope some White Knight does come and save the day hard to imagine that with so many potential pipeline products they would let this one sink like this.

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