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DOCRF - CloudMD

Discussion in 'Penny Stocks' started by MarkITRight, May 23, 2020 at 12:05 PM.

  1. MarkITRight

    MarkITRight New Member

    Joined:
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    upload_2020-5-23_12-1-55.png
    CloudMD

    OTC: DOCRF $0.54
    Canadian Stock Exchange: CSE $0.75

    Description: Tele-Medicine SAAS platform for consumers to see doctors via video chat in Canada.

    Why I like the business model:
    Faster access to healthcare, initial appointments, electronic medical records so continued service, less hoops to get specialist consultations, Canadian govt saves, prescription drug access on demand. Covid is giving them the perfect market environment to fast forward growth and model.

    Stats and Recent News:
    -Cashflow positive ops from a handful of actual clinics in Canada (with 3MM patients)
    -Recently acquired tech company and developed the telemedicine platform
    -100k consumer subscribers already (not even going after their 3MM existing patients with charts)
    -3,000+ doctors on their network (in some form) already
    -Great App store/Google Play reviews thus far
    -New Chairman with established track record of 2 exits
    -Raised $10MM but oversubscribed & went to $12MM at C$0.70 +warrant for 0.5 share at $1
    -Signed a deal for kiosks at the largest Canadian grocery store for free (for consumer) pharmacy consultations
     

    Attached Files:

  2. MarkITRight

    MarkITRight New Member

    Joined:
    May 23, 2018
    Messages:
    12
    Likes Received:
    10
    Liking this more and more.

    Lots of seeds planted to grow in Canada with Save-On-Foods & USA with IDYA4.

    Like that their institutional funding has warrants attached higher at $0.73 for DOCRF (c$1 for DOC.CN)
    Chairman also paid via options that are breakeven at these levels.
    Feeling strong about the support at $0.54 DCORF (c$0.75 DOC.CN)

    Chairman (Mark Kohler) Paid:
    Pursuant to the terms of a services agreement (the “Services Agreement”), a total of 150,000 Shares will be issued to Mark Kohler in consideration for advisory services provided to the Company in his capacity as Director and Chairman. The common shares are being issued as a shares for services transaction, at a deemed price of $0.75 per common share
     

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