VentriPoint Diagnostics Ltd V.VPT

Financials and The Recent Sell Off

[GrahamB]

 Financials should be due next week, to meet regulatory deadlines.

Many are wondering if the whales selling and sell off reflected a shoe to drop?

 

It should be very interesting to finally see what sales have occurred.

Financials are where the rubber hits the road-all those who kept saying-wait for the next quarter now have there chance to see. COVID is not limiting operations as it was 3 years ago-so lets see

 

The prediction was for 40 units originally, and it will be interesting to see how many of those actually took place.

 

The financials are where we really see what’s happening, since there is a legal obligation to report exactly what’s happening.

 

I will be interested to see what the significance of the changing auditor was, and how that is reflected in the financials, if at all.

 

I see many people questioning, whether or not Sales will be reflected on the accounting statement if they have not received the cash for them. The answer is yes, because companies such as this use, accrual accounting, vs, cash accounting.

 

OK bact to facts:

Sales….

 

JUST FOR CONTEXT 

 

Total revenue for year ending Dec. 31, 2021  = ZERO

 

Total revenue for year ending Dec. 31, 2020  = $36,017

 

Total revenue for year ending Dec. 31, 2019  = $81,023

 

Total revenue for year ending Dec. 31, 2018  = $60,177

 

ALL DATA FROM SEDAR.COM

 

Any predictions on the number of sales?
 

The initial target were revised from 75-100 units in FY2022 to 40-45 units.
 

From ceo-many seem to be mesmerized by cardinal who said 

“@cardinal They will have roughly 45 sales by year end. Q1 and 2 will be very very large. They will be way past the number that draws attention from buyers.’ 
 

Here is the guidance from the company :

1. Nine distributors appointed in USA to cover the entire country to join UK and European distributors for a total of 11 distributors,  

3. Sales team now has 33 sales and marketing representatives across the USA, Europe and UK, 

 

 

 

With the assistance of our distributors and our internal sales force, the Company now has a list of over 4,000 cardiologists who have a practice where the VMS+ would improve their ability to assess and monitor their patients In addition, our sales team (direct and distributor) already have a relationship with all these potential customers in US, UK and Europe.  Hence, the Company now has a full funnel of leads. Our sales team has been actively scheduling appointments to make them aware of the clinical benefits of the VMS+.

 

 

https://www.thenewswire.com/press-releases/1Av7FPeNe-ventripoint-diagnostics-provides-a-corporate-update-and-announces-new-investor-relations-initiative.html

 

We Heard chatter here of” 100% conversion” rate 

Lets see shall we

 

[jopatclo]

This post has been removed in accordance with Community Policy

[GrahamB]

For once, Just once, Jopatchie try to have an original thought Even try posting a thought (or reposting others thoughts from CEO) that is aligned logically with the post Otherwise it seems like you are a bot that's is unhinged... or an individual that has cognitive challenges, or is it a language barrier? Seriously if thats it-put your post in French and we can read it. Otheerwise its just

[woundedknee]

I left this stock when we were told that their was enough money for two years and then a week or two later they executed a private placement. That was my exit point. gl

[chry200030]

Good for you.  The proof will be in the pudding..! Things don't happen as quickly as we would like in these plays.  That's why one must calculate the risk/reward ratio.  Not everyone has the same risk.reward ratio, so your opinion is only yours and no one else. You see more risk with little reward so you sold. Good for you.