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26/05/20
17:03
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Originally posted by Ruby15:
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Hi Glyco, You are correct in your summation of Dr G's and GMV's history for the last 2.8 yrs albeit for one minor detail, and that detail is time. I am sure that Dr Yacov and his executive team when they did a business plan for GMV, would of factored into the plan "Time" Dr G has been screwed by the Chinese right from the get go. The "Green Channel" was intended to expedite the approval process for the Prizma Jacket, GMed Patch and the Factory which was built in China for the purposes of supplying the Chinese Market and the rest of the world. Unfortunately the timeframes that Dr Yacov applied to his Business Plan were suddenly skewiff and his KPI's due to the approval process in China, has caused the situation that we are in now. Dr G's personal financial situation has also been hit for a six due to the fact that he anticipated that the approval process that he had mapped out for GMV has been delayed. You are correct when you mention that GMV is debt free and all products have been certified, but the one big thing that we are deficit in, is the financial side of the company. GMV needs cash and we need it fast. PO's and Mou's from around the world showing strong revenue and recurring income from Hospitals in the USA, would be welcomed GLTAH DYOR IMO Rubes
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@Ruby15 Cash in hand U$880,000 = A$1,33,000 for next 8 weeks spend in usa, enuf to take gmv to Q3, when lots of events are expected to hapoen. (PPP CARES website , states it ts for "8 weeks" expenses) plus $1,400,000 raised 4-5 weeks ago plus Other funding facilitues in place, preferably not touched to avoid diution GEM, $25m Acuity, $12m ps Yacov now holds under 46%.