What in the world is going on with these absolutely brutal clinic revenues?
Last year, low end estimate was 400k per Dr. Even if that's CDN$, its still 75K usd per Dr, per Q. That would make London 300k on its own, PER QUARTER!!! Plus Etobicoke, plus Kitchener and plus the mysterious LP&A which, according to financials, were producing 500k usd per year total, so that's 125k usd PER QUARTER!
What on earth do Jordan and Aviv even do now? Brought in to get clinics operating and for their supposed 'connection' and 'access' to Dr recruitment, which has been, essentially, a massive failure. Were not expanding clinics anymore, 2 were even scuttled. Revenue at existing clinics is alarmingly low and appears to be growing at an snail's pace. The cost of those LP&A clinics certainly can be seen as a terrible, terrible investment thus far. I cannot bring myself to believe they should still be part of the company.
Turn clinics over to Carolyn completely. Seems to me she has earned the opportunity, while J & A have squandered it miserably. Bright side, 2 more active chiropractors on the roster if they're retained.
And CERES total revenue was less than $2M fo the entire summer? Uggh....
Steve's failures continue to rack up. I don't think theres enough characters allowed to.ljst all the failed initiatives over the last 2 years.
And, ofcourse, we still dont hear anything... zip, zero, notta, on tangible news of U.S. expansion. Is this just another pipedream? A shiny object that investors are supposed to look at until the next shiny object comes along?
Multiple cash raises.. potentially massive dilution.. and only 1 segment of the company performing at a rate anywhere even near respectable. (Congrats Mario).
George, I sincerely hope, if a Q&A happens, that the questions investors want asked, get asked. Steve does not appear willing to answer them on his own.
Regards