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Just read the $NNOX report by Muddy Waters, going to put my thoughts in the thread below. Recommend reading the report if you haven't done so.
Generally, well the $NNOX report is much better than Citron's, but there are pretty glaring flaws with part of the report and many important details were not included, even though the report is 43 pages long
Most prominently, despite having invited 5 radiologists to speak, MW did not refute the science behind $NNOX 's xray tech, which is the main asset $NNOX has. And while MW did criticize all of NNOX's distributors and SK Telecom, there was no discussion of USARAD or Foxconn
The main question is whether $NNOX can turn its xrays into CT scans and more. From what radiologists have said, a CT scan is much harder to do than an xray, but from what I've found online, it is just a rotating xray with some computer calculations thrown in
Here's a vid of how CT scans work $NNOX
By that logic, jumping from xrays to CT scans is mainly about the computer processing needed, and since the computer processing software is available today, it shouldn't be hard for $NNOX to create a viable CT scanner
$NNOX From the MW report:
X-ray image isn't so hard to produce, but the CT scan image is a lot more work because it's not just the image acquisition, but after it's acquired, there are algorithms called kernels, that you use to post-process the image ...
X-ray image isn't so hard to produce, but the CT scan image is a lot more work because it's not just the image acquisition, but after it's acquired, there are algorithms called kernels, that you use to post-process the image ...
$NNOX Even MW's radiologist has said that the key difference btw xray and CT is computer processing. HOWEVER, the key reason for CT scans being expensive is NOT bc of computer processing, but rather heating
Another concern was that there are no images from the prototype, especially CT or mammography images. I suspect this is because the $NNOX machine cannot make CT or mammography images yet, but I think this will change over the next few months
One $NNOX advisory board member said he has not seen a live demo yet, yet the president of USARAD said he has seen the technology live
$NNOX One of the main points in the MW report is that doing xrays by itself isn't an attractive value proposition, but according to some sites xray machines can cost hundreds of thousands of dollars
https://www.healthcarefinancenews.com/blog/purchasing-insight-portable-x-ray#:~:text=Hospitals%20with%20an%20existing%20analog,and%20type%20of%20detector%20selected.
https://www.healthcarefinancenews.com/blog/purchasing-insight-portable-x-ray#:~:text=Hospitals%20with%20an%20existing%20analog,and%20type%20of%20detector%20selected.
Ok, now time to actually address some of the key allegations brought up by MW
$NNOX Faked demo vid
I think the video was taken several months ago, so it may not reflect the current state of the technology. Not a radiologist, so won't comment on this much
I think the video was taken several months ago, so it may not reflect the current state of the technology. Not a radiologist, so won't comment on this much
$NNOX Options award
That is certainly suspicious, but without knowing the details, it's hard to say for sure what the motives are behind this option grant. All we know is that NNOX values these two people highly. Maybe they were the ppl behind the Hadassah/SKT partnerships?
That is certainly suspicious, but without knowing the details, it's hard to say for sure what the motives are behind this option grant. All we know is that NNOX values these two people highly. Maybe they were the ppl behind the Hadassah/SKT partnerships?
$NNOX A-labs is run by a previously convicted felon
I don't think this is a valid point in itself. Once I sold a company due to a short report saying that its CEO was a convicted felon, and the stock has tripled since $OTRK
I don't think this is a valid point in itself. Once I sold a company due to a short report saying that its CEO was a convicted felon, and the stock has tripled since $OTRK
Agreements can be backed out off
I think most investors in $NNOX already knew this. This point doesn't really matter as long as the technology is sound, which I believe is the case
I think most investors in $NNOX already knew this. This point doesn't really matter as long as the technology is sound, which I believe is the case
Promedica/APR doesn't have enough cash $NNOX
Don't think this is a problem. In buying real estate, esp commercial properties, I have heard ROI is the key metric for bankers to provide financing, and I suspect this is the case here as well
Don't think this is a problem. In buying real estate, esp commercial properties, I have heard ROI is the key metric for bankers to provide financing, and I suspect this is the case here as well
As long as $NNOX 's product is demonstrated to be cheaper and better than current devices, funding should not be an issue
$NNOX Regarding the lack of industry presence: https://stocktwits.com/Petranko/message/245613700
Overall, the report does raise a few questions that $NNOX and its CEO need to address, but I don't think it proves $NNOX is a fraud. My takeaway is that $NNOX was overly optimistic on expectations for the Nanox.ARC but in the nearterm, the tech will catch up to what was promised
Also, SK Telecom has a rebuke to the short sellers:
https://translate.google.com/translate?hl=en&sl=ko&u=https://news.mt.co.kr/mtview.php%3Fno%3D2020092310224360314
https://translate.google.com/translate?hl=en&sl=ko&u=https://news.mt.co.kr/mtview.php%3Fno%3D2020092310224360314
Btw, I continue to remain long $NNOX, reminder to not risk too much on 1 position in case stuff like this happens
