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Whatisvalue

05/11/17 4:49 PM

#44517 RE: GreenOwner #44516

GE & G Owner, if I remember correctly, Ed stated at the AGM that 6 AS units, I think, were being produced by Cogmedix and expected to be available by the end of January; the timing of which would be contemporaneous with the expected initiation of trials. The deposit for the units was likely paid in Q4 (given the build times), before reporting about $400K of year-end cash {I haven’t looked at the financials to verify that idea}. Illustrating a point by referencing a hypothetical building of 100 machines is just hyperbole, idiocy, or perhaps a total lack of understanding the company’s financial position. Nonetheless, having a few machines on hand to take advantage of testing or sales opportunities which get the ball slowly rolling is preferential to waiting and waiting until machines are needed and then waiting another 3-4 months while they are built. Hence, the interest in seeing what the inventory number is on the 10Q.