Axim Biotechnologies Inc (AXIM)

[Devolution]

Based on income, deferred income, and long term deferred income, Axim got $150,000.

I'd like to guess Axim manufacturers a kit for $6-$8 each, sells each kit to Versea for $15 (the 6 month traunch was 10,000 kits), and Versea sells to the doctors office for a bit over $17, the cost of which is fully reimbursable by the insurance company. The doctor's charge to do the test is included in the doctor's visit cost - one that would normally have taken more of the doctors time and effort had he NOT been using the Axim test kit platform.

In other words, the doctor could now see many more patients in a single day, get results immediately, and still charge the same consultation fee but just have many more of them in the same amount of time.

I'm just guessing at a scenario, but once Versea gets a doctor "hooked" on the platform, simply selling tests at a profit of $2.50 per test kit to REPEAT customers isn't a bad profit.

Just guessing, but it does sound plausible.... .