NetworkNewsBreaks — MetAlert Inc. (MLRT) Feature
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Posted On: 01/09/2023 2:57:35 PM
NetworkNewsBreaks — MetAlert Inc. (MLRT) Featured in Ludlow Research Analyst Brief
MetAlert (OTC: MLRT), a pioneer in location-sensitive, health-monitoring devices and wearable technology products for remote patient monitoring, spotlighted in a recent Q&A analyst report released by Ludlow Research. In the article, MLRT representations respond to questions, providing an overview of the company and discussing specific topics investors and shareholders might be interested in. The report delved into the company’s recent restructuring, name change and ticker symbol change, with the company stating that “we waited patiently to do this until we had a clean balance sheet and were prepared to take the company to the next level.” The report noted that the company recognized a tremendous opportunity, but the previous name, stock price and market cap didn’t reflect the company’s vision, mission and direction. The report also touched on supply chain issues, order fulfillment, a potential uplisting and becoming a reseller of RoomMate, a remote monitoring device to track people at home or assisted-living facilities. The company also responded to concerns about how a possible recession might impact the company. “We don’t burn a lot of cash,” the company stated in the analyst brief. “Besides keeping our expenses to a minimum, not spending money on lavish things, our main counter measure is thanks to our board and management team, which take much lower than industry standard wages, they also defer approximately a third of their cash compensation. If you look at our balance sheet, just about all our debt, is years of deferred cash comp. Talk about keeping management motivated, we all know we need to work very hard in order to eventually get paid. Between not spending a lot, not subordinating a heavy debt load, along with providing high margin must have products and services, is how we plan to face a possible economic slowdown. Remember our products are not luxury items that people turn off when the economy slows down, our products are essential to our users, their loved ones, and caregivers.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
MetAlert (OTC: MLRT), a pioneer in location-sensitive, health-monitoring devices and wearable technology products for remote patient monitoring, spotlighted in a recent Q&A analyst report released by Ludlow Research. In the article, MLRT representations respond to questions, providing an overview of the company and discussing specific topics investors and shareholders might be interested in. The report delved into the company’s recent restructuring, name change and ticker symbol change, with the company stating that “we waited patiently to do this until we had a clean balance sheet and were prepared to take the company to the next level.” The report noted that the company recognized a tremendous opportunity, but the previous name, stock price and market cap didn’t reflect the company’s vision, mission and direction. The report also touched on supply chain issues, order fulfillment, a potential uplisting and becoming a reseller of RoomMate, a remote monitoring device to track people at home or assisted-living facilities. The company also responded to concerns about how a possible recession might impact the company. “We don’t burn a lot of cash,” the company stated in the analyst brief. “Besides keeping our expenses to a minimum, not spending money on lavish things, our main counter measure is thanks to our board and management team, which take much lower than industry standard wages, they also defer approximately a third of their cash compensation. If you look at our balance sheet, just about all our debt, is years of deferred cash comp. Talk about keeping management motivated, we all know we need to work very hard in order to eventually get paid. Between not spending a lot, not subordinating a heavy debt load, along with providing high margin must have products and services, is how we plan to face a possible economic slowdown. Remember our products are not luxury items that people turn off when the economy slows down, our products are essential to our users, their loved ones, and caregivers.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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