From the 10Q released yesterday- for serious investors | BSGM Message Board Posts


BioSig Technologies, Inc.

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Msg  1665 of 1701  at  8/12/2021 10:19:37 AM  by

Firstngoal

The following message was updated on 8/12/2021 10:26:53 AM.

From the 10Q released yesterday- for serious investors

"We had one customer which accounted for approximately 96% of our revenue in the three months ended June 30, 2021 and two customers which accounted for approximately 61% and 39% of our revenue in the six months ended June 30, 2021."

Total Revenue ytd for Biosig is $325K. They have 2 paying customers! Number of PureEps sold is not available (or i missed it) but best guess is about 6 devices. That translates into approx $50k per device. A far cry from Londoners representation to investors that PureEp selling price would be around $200k.

Company is 12 yrs old. PureEp was cleared for sales by FDA Aug 2018 - 3 years ago!
After HRS 2019 bioler room robbie reported back and said "30 hospitals were ready to buy".
Biosig currently has 2 paying customers! Let that sink in.

The 10Q is full of info regarding how and where all the cash is going. Huge compensation packages, consultants fees, media and marketing payments etc etc.
On the recent Laidlaw secondary, 2.5mill shares were sold at $4 totaling $10mill. After fees to Laidlaw Biosig netted $9.1mill - thats a 9% fee to Laidlaw!!! Going rate is about 3% and Laidlaw received 400k warrants.
Laidlaw managing director Patrick Gallagher also serves on the BSGM Board of Directors and also sits on the 2 person compensation committee. This clear conflict of interest continues for years!
Why cant BSGM find a quality banker with a solid reputation? hmmmm

Its all in the 10Q for any serious investor who chooses to read it.


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Msg # Subject Author Recs Date Posted
1667 Re: From the 10Q released yesterday- for serious investors pe_guy 0 8/13/2021 3:08:09 PM


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