SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : HMSC- A simple breast cancer screening device
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: joe who wrote (168)4/6/1998 8:33:00 PM
From: Dante Sinferno  Read Replies (1) of 246
 
<<pssi is the largest medical distrubuter to doctors offices
in the country. they certanly would not sell a product like
this if they did not believe it.>>

Why of course. Large companies "never" sell products they
don't believe in or make investing mistakes. Everyone knows
that !!

I think PSSI simply "believes" in profit motive...from the 10KSB :

Under the Distribution Agreement, over a two-year period beginning in 1998, PSS is to receive volume discount price incentives from the Company to the extent PSS exceeds sales targets of 1.0 million units in 1998 and 3.5 million units in 1999. If sales by PSS are less than 50% of such targets, the Company and PSS will each have the right to terminate the Distribution Agreement upon three months' notice. The term of the Distribution Agreement continues until
terminated by either party for failure to meet such sales targets or for certain material breaches which are not cured within prescribed time limits. Also, pursuant to the distribution agreement, PSS purchased an aggregate of 56,250 shares of Common Stock and warrants to purchase an additional 11,250 shares of Common Stock at $2.93 per share and was issued warrants (the "PSS Warrants") to purchase 125,000 shares of Common Stock at $4.00 per share.
-------------------------------------------------------------------------------------------------

Hmmm , they paid $3-4 per share. Doesn't seem like they stuck
their necks out Joe. Please learn the business. ROFL.

Rob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News