Becuase they have arranged multiple agreements, increasing their chances of sales. They are attending conferences and so forth, with demos and have been in contact with interested parties (as per their information release).
With very few treatments available and great interest in our Infrared Laser, we have over two hundred interested parties requesting follow ups, meetings and demonstrations.” Dentistry professionals that we are engaging with include various practitioners, as well as distributors, TMJ treatment centers and a variety of specialists[/b]
They have signed distribution agreeemnts in the middle east and are arranging more.
This is all beneficial to the company and increases the likelyhood of sales.
If you open a retail business, do you simply say, "hey, we just opened the doors to do business but noone has bought from us yet, so we will likely fail?"
When and if you graduated from school, you did not have a job. Did that mean you would not, or that you were destined to fail? You went to interviews and eventually that panned out to being hired.
Same thing here, but I'm sure you know that, but so you don't have any excuse I have spelled it out for you.
Keep this quote in mind from their filings:
As Medifirst was aware that the FDA time frame was unknown and 510(k) clearance was not guaranteed, it was the Company’s best judgement to delay the aggressive expansion of its operations and production before successfully receiving clearance to begin sales. Regarding sales, we presented our laser and established business relationships in Morocco, China, Asia, Mid-East and other international countries and markets.
