The revenue comes from over 50,000 pharmacies that
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Posted On: 07/20/2023 9:28:46 PM
Re: rollercaster #75527
The revenue comes from over 50,000 pharmacies that use HRI software in their operations. That was in a "footnote" in an Edgar quarterly report filing 17 to 20 years ago when HRI loaned Univec, Inc. $875,000. Yes, Doc's private company loaned Univec money, then, later, doc forgave the debt in I think 2006 and took the assets (rightfully so), PPSI and the syringe business and shortly later Univec went dark until a couple years ago. I think doc got the short end of that stick, lol because there is no more syringe business to my knowledge, I think the patent ran out and it became a "commodity business". He took PPSI, then loosing money, turned it around and made it profitable.
Another footnote, stated PSI (another of doc's businesses) loaned PPSI a little over a million dollars to buy out the PPSI "middleman" that doc needed to get rid of to grow PPSI into what it is today. I think the PPSI deal was in mid 2006, before doc went dark. It is still on Edgar, a lot of digging and reading, but it is there to see.
Now, what does that tell you about HRI and PSI? It tells me they were profitable years ago and have been growing ever since!! Once doc got full control of PPSI, he turned it around and grew it also. I believe someone posted a few years ago that PPSI is in an office building near RiteAid corporate headquarters, correct me if I am wrong.
Another footnote, stated PSI (another of doc's businesses) loaned PPSI a little over a million dollars to buy out the PPSI "middleman" that doc needed to get rid of to grow PPSI into what it is today. I think the PPSI deal was in mid 2006, before doc went dark. It is still on Edgar, a lot of digging and reading, but it is there to see.
Now, what does that tell you about HRI and PSI? It tells me they were profitable years ago and have been growing ever since!! Once doc got full control of PPSI, he turned it around and grew it also. I believe someone posted a few years ago that PPSI is in an office building near RiteAid corporate headquarters, correct me if I am wrong.
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