Remedent, Inc. (REMI)

[FrankLind]

The CC was very positive. Debt problem looks to be almost totally handled. The company is cash flow positive from current operations - although only by 100k or so. However River 8 sales will increase further.

I think the big news is the huge increase in gross margins (Guy said 70% reduction in COGS) that will be made possible by the Condor intra-oral scanner. This will dramatically increase the number of partners and also significantly increase profits. China same store growth was 100% YOY, with 2 more clinics opened in October and another by the beginning of 2014. David Lok is aiming for 10 more opened in 2014 (licenses have been pre-applied and staff pre-trained), but Guy said at least 6 more.
I am guessing the seller was Special Situations Fund - who I am guessing are under some directive to sell with any avaiable liquidity. They originally bought millions and millions of shares in 2006 for over 2 dollars. Go to insidercow and type REMI to confirm. They have been sellers for a long time now - regardless of results.

This is way way undervalued