Guided Therapeutics Inc (GTHP)

[GetSeriousOK]

When did SMI "owe" Guided $1 million? I don't see that on the financial reports. SMI failed to pay Guided money on several occasions but Guided didn't deliver product to SMI so Guided wasn't "owed" $1 million, as far as I can tell.

If SMI owed Guided money and didn'y pay it, Guided would write that off as bad debt. In which quarter did that happen?

And when/why would Faupel have any say in the matter? Cartwright was CEO when SMI replaced Shenghuo Medical as the China distributor and still CEO when SMI re-negotiated the most recent agreement.

Regardless -- it certainly appears that Chinese clinical trials have been completed, and Guided didn't have to pay for it, so if those Chinese researchers publish their results it's a win, even if SMI never pays Guided a red cent.