Monday, 13 April 2009

TSX Gives LMS Medical another 60 Days

LMS Medical Systems (LMZ - TSX)
Shares outstanding: 25.8m
Fully Diluted: 30.7 million


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The TSX announced today, that it has extended the review of LMS’ listing for another 60 days.

One can speculate that the recently announced deal with McKesson for the rights to LMS’ Clinical Information System (CIS) was a step in the right direction. A key question that remains to be answered is what if any new equity capital will be required by LMS, as well as what does the business and growth prospects look like going forward.

Stay tuned…
For the full release, please click here