Ann: Response to ASX Query Letter, page-47

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e7dem

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27/03/18

16:56

Post #: 32064418
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Originally posted by Scorpion88 ↑

""Yes we have received US$15,000 from MEDTEL following their receipt of the first commercially ready Prizma Cases. As G Medical intends to manufacture the bulk of its product in China where the costs of production will be cheaper, the distribution of the Prizma medical smartphone remains subject only to the receipt of the CFDA"" --------------------------------------------------- $15000 !!! Am I reading this right or something wrong with my eyes !! A company would worth a billion in near future talking about $15000 receipt. Please someone explain it to me, and correct me if I'm wrong !!! Disclosure: I suppose to say not hold, as I just sold few weeks ago in order to get back again.

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ASX asked them where that $15k came from. GMV responded, some revenue for services rendered by the call centre acquired. Nothing to do with the Prizm. GMV was pretty clear on this. Did you read the statement?
Good luck, but don't hang out on the sidelines too long.

GMV Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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Ann: Response to ASX Query Letter, page-47

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