Guided Therapeutics Inc (GTHP)

[myjog]

GTHP can find a different subcontractor in China -- that's what SMI is.

If GTHP’s management would have been serious about finding another subcontractor in China then they would have already found one by now. What’s GTHP management’s vested interests in keeping a Chinese partner that can’t be trusted and have proved to be contract-breaching and not-paying?
———
A Chinese subcontractor that actually has some money.

Agree with you on that. GTHP must find another partner in China that can pay GTHP as per contract.
———-

I wouldn't expect a PR for that extra $100,000 since there wasn't a PR for the $330,000 -- if SMI submits the application to the NMPA in second quarter as promised, there will be a PR then, I believe. And if they don't and the application to the NMPA never gets submitted, worst case scenario, that Chinese clinical trial with 400 patients will help Guided get FDA approval.

There must be a PR from GTHP about whether or not SMI paid them 100K as per “standstill contract” by March 24 end? SMI is supposed to submit for NMPA in 2nd Q & at that time they are supposed to trigger a PO and pay additional amount to GTHP. For stockholders this is a very critical & crucial step. Stock hasn’t been trading at all & it’s because of this debacle with SMI, stock lost more than 40% value. Why GTHP management continue to partner with a subcontractor in China who is neither paying GTHP nor honouring contract/s? They say stop the habit of collecting red flags. In spite of having so many red flags about SMI, why GTHP’s management continues to partner with them?