MDM have over the years used clever deception to give the illusion that significant revenues are imminent. This has helped the company to slay alive with placements being the order or the day.
When will the premedical thing start to run a little dry?
MDM needed something big when they released there annual report late last year. They have given budget projections. Signigicant revenues to occur in the Oct-DEC qtr 04 and from then on. Sales going superbly in DEC last year.
MDM then release there qtr reports well after the close of business on a Friday. Next one due 29/7/05. Will be released when most enjoying the footy or having a cold beer at the pub.
Once again you will be disapointed. No money coming from permedical or from Canada or anywhere apart from a very tiny amount from Aust. Usually around $30,000. 2 Yrs ago this figure was around $220,000.
Talk is cheap at MDM, deception is the order of the day.
MDM
medical monitors limited
