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clock Created with Sketch. 02/09/22
14:53
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Originally posted by brydos:
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The adverse issue is cash. I don't think there is anything sinister... it's all happening pretty fast, and getting things organised takes time, especially when you're trying (wanting) to run a business, talk to pharmacy chains, sort out manufacturing supply and (I hope) roasting your customer service people. PP/SS covered the shortfall, then the convertible loan...with the plan that the next raise and subsequent use of GEM will cover cash through to all of us understanding if sales get traction. If sales don't get traction ... or they can't demonstrate this or why it will, then the raise from soph's will be pretty challenging and then that's the game. But, if traction can be demonstrated... and the device numbers from the 4E do provide hope, then I think PP will get that across the line and the game will enter a new phase (still no guarantees).
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If you want sinister (or dodgy, take your pick), there is a company called Integrated Wellness Acquisition Corp, CEO Steven Schapera, incorporated in the Cayman Islands, with $117 million raised in Dec 2021 and held in in a trust account dedicated to acquisition of a target Business by ~March 2023. Direct copy and paste from their own report:https://integratedwellnessholdings.com/sec-filings/
(20min delay)