I got the impression from the AGM that one of the Board members, an American with a significant business background, is leading the negotiations on this.
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I recall some comment being made about there being precedents for reimbursement, so it's not just pie in the sky speculation.
However, they did say that these matters are dealt with on a case by case basis so there is no certainty at all about whether they will be paid, when or how much. $0 - $40 million is a fairly wide range but I'm sure they will be anticipating something between $10m-20m.
That's history though and none of the revenue has been accrued.
The most interesting question is when will the KP revenue start to flow and at what level. The positive response to a shareholder's question about whether will they start accrual accounting soon means we could start to see some real income numbers reported in the next half year report.
Who the Board members are and their relevant experience is found at:
https://www.pacificedgedx.com/company/board/
Isn’t it one of the big news we all have been waiting for? Wonder why they didn’t announce it on NZX....
Breaking: Cxbladder is now covered by Medicare. Learn more: bit.ly/3itxrrg #bladdercancer
- From CXBLADDER OFFICIAL TWITTER
https://twitter.com/cxbladder/status...346535424?s=21
I think one of the board members or David D mentioned that they were hiring some specialist negotiators to deal with the cms back payments.
I missed that one, but am not surprised.
For those who weren't "at" the AGM the Chairman Chris ran the meeting. First he introduced all the Board members followed by an update with extra input from Dave D and David L.
When it came to questions Chris and the two Davids answered the questions depending on their field of expertise.
And AGM recording is available here too https://www.pacificedgedx.com/news-a...now-available/