Steven Passey - TechniScan CFO, Secretary

CFO

Mr. Steven K. Passey has served as TechniScan Inc Secretary and Chief Financial Officer since November 2009. Mr. Passey served as Vice President, Chief Accounting Officer and Treasurer for Mrs. Fields Famous Brands from 2007 to 2009. From 2004 to 2006, Mr. Passey served as Director of SEC Compliance, Controller of REIT Properties for Extra Space Storage, a selfadministered and selfmanaged real estate investment trust company formed to own, operate, manage, acquire, develop and redevelop professionally managed selfstorage facilities. Mr. Passey served as Senior Manager at Ernst Young in 1999 and from 2001 to 2004 and as Chief Financial Officer for SwitchPoint Networks, a broadband and communication technology company, from 2000 to 2001. Mr. Passey also served as Chief Financial Officer at RealTrust Asset Corporationrationration, a specialty finance company from 1997 to 1998 and as a Manager at KPMG from 1989 to 1997. since 2009.
Age 49
Tenure 15 years
Phone801-521-0444
Webhttp://www.techniscanmedicalsystems.com

TechniScan Management Efficiency

The company has return on total asset (ROA) of (2.3443) % which means that it has lost $2.3443 on every $100 spent on assets. This is way below average. TechniScan's management efficiency ratios could be used to measure how well TechniScan manages its routine affairs as well as how well it operates its assets and liabilities.
The company currently holds 2.79 M in liabilities. TechniScan has a current ratio of 0.13, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist TechniScan until it has trouble settling it off, either with new capital or with free cash flow. So, TechniScan's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like TechniScan sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for TechniScan to invest in growth at high rates of return. When we think about TechniScan's use of debt, we should always consider it together with cash and equity.

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TechniScan, Inc., a development stage company, engages in the research, development, and commercialization of non-invasive medical imaging products for the detection and diagnosis of breast cancer. It intends to develop the Warm Bath Ultrasound system, an ultrasound-based imaging device that provides radiologists with information about the bulk properties of tissue in the breast, as well as images of the tissue structure. Techniscan operates under Medical Appliances Equipment classification in the United States and is traded on OTC Exchange. It employs 5 people. TechniScan (TSNI) is traded on OTCCE Exchange in USA and employs 5 people.

Management Performance

TechniScan Leadership Team

Elected by the shareholders, the TechniScan's board of directors comprises two types of representatives: TechniScan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TechniScan. The board's role is to monitor TechniScan's management team and ensure that shareholders' interests are well served. TechniScan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TechniScan's outside directors are responsible for providing unbiased perspectives on the board's policies.
Steven Johnson, Founder
David Robinson, CEO and President and Director
Cheryl Cook, Director
Joseph Pepper, Director
Kenneth Hungerford, Chairman of the Board
Barry Hanover, COO and Director
John Klock, Chief Medical Officer
Richard Stanley, Director
Steven Passey, CFO, Secretary
Gerald Richardson, Director

TechniScan Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is TechniScan a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

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Other Consideration for investing in TechniScan Stock

If you are still planning to invest in TechniScan check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the TechniScan's history and understand the potential risks before investing.
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