in weighing up the proposed Nasdaq listing it's worth revisiting the July 27 statement about IDTF Platform expansion in the US.
CEO Dr Yacov Geva said the rollout of IDTF platform in US hospitals is building, and this will be reflected in higher revenue from August onwards.
"We are confident of meeting our stated goal of growing patient monitoring numbers three-fold this calendar year," he said.
“We are putting in place the foundations for a major scale up of IDTF throughout the US hospital network and our success with university hospitals is only just the beginning," he added, pledging an update soon.
so, as the US book build and listing proceed, GMV will coincidentally be flush with strong business growth figures. Noice.
a 5th Dimension pop song comes to mind for Dr Geva: up, up and away in my beautiful Nasdaq bubble.
the good doctor will leave behind many disgruntled Australian shareholders whose enthusiasm knew no bounds when they bought in with their hard earned, only for their hopes and dreams to be dashed again and again and again over the past five years. By the seeming ineptitude of the good doctor and management but mostly by events outside anyone's control. China was good, now bad. How were we to know.
it wasn't a real cluster, but close too it. Just a growing familiarity with disappointment, darkness and loss.
GMV here now has the status of a penny dreadful, share price 4 lousy cents. Many fingers have been burnt and fortunes lost. Few walked away without a haircut.
Dr Geva will walk away and maybe think, deep-pocketed American investors will bid strongly in the book build in this exciting new telehealth field that coincides with a pandemic. They don't have to worry about or even see the Australia mess.
another pop song comes to mind. With the Nasdaq listing GMV can be like a virgin, touched for the very first time.
all in all, Nasdaq listing a good thing, despite the inconvenience for Australian punters.
it behooves me to warn the good doctor to get it done before the presidential election in early November.
US investors are being buoyed by beliefs that a Trump win will see yet more trillions be corruptly thrown at them from tax cuts for share buybacks, bigger dividends and executive bonuses and hugely overegged M&A, along with zero trickle down.
by the election day, all thanks to Donnie, the US economy will be in an even bigger shambles than it is now and Covid-19 deaths will be in excess of 250,000 head.
Biden is untested as Potus so Dr Geva will need to get cracking and get the listing done in October lest an apocalyptic tune sound out that this is the end my only friend, the end.
Expand
