ME1 0.00% 0.1¢ melodiol global health limited

Ann: Corporate Update, page-5

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  1. 2,068 Posts.
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    A merry go round of nothing....what the actual ....
    The Company has temporarily paused operations at Halucenex Life Sciences,Sierra Sage Herbs, LLC, and impACTIVE Ltd. The Company has taken this decision in order to accelerate its ability to deliver group cash flow positive results and to concurrently pursue a sale of each of these noncore business units. Whilst it does so, it is likely that further capital will be required in the near term with the Company considering additional sources of capital, including but not limited to, further capital raising activities, divestment of non-core assets and possible divestment of core assets.
    That reads like on the road to bankruptcy.
 
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Currently unlisted public company.

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