IPO update, page-866

This was some of my response to Kenneth, to which he never replied…

The issue of a lack in capital was not communicated to shareholders when the company announced these distribution agreements. Furthermore, the three fold increase in patient numbers through the IDTF was a result of the 17 University Hospitals. Again announced by the company and mentioned in the latest F1 that they had all been brought online. It’s very disappointing that the company announcements were not communicated in manner that required significant additional capital to bring them to fruition. the company raised approximately $20m during 2020 with most of this earmarked to fund expansion and growth. Furthermore, in December 2019, the company executed a $30m funding facility with GEM to support growth. The company has had access to capital to fund the growth.Why hasn’t the company used the GEM facility?

I also asked Yacov about the GEM facility and he replied with.

this facility was very expensive and it was based on a 30 days average trading volume which was very low

It says to me that all these deals and agreements were made up complete BS. Because they would have found the money to execute on them. They had no problem raising funds to keep the lights but couldn’t find any money to grow the business?

Oh, and did everyone know that Yacov and the CFO Kobi were in hospital with COVID during August?