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Ann: Cellmid Share Placement Raises $6 Million, page-116

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Dentie

3,397 Posts.

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10/08/20

13:57

Post #: 46426083
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Originally posted by Ozjin: ↑

Ok, so it has now been over 4 months since we raised 6 million dollars with the announcement to the market clearly stating "Proceeds raised under the offer will be used to fund the roll out of the Wondfo SARS-V-2 diagnostic test"

So over 4 months later would it not be too much to get an update (apart from 2 other "partnerships" they claim) as to what the funds are actually being used for? Are they selling test kits? Have our Chinese friends made any deals?

Does Cellmid think we will just forget and let it slide? If they failed in the testing realm then will they want to use the money for Midkine or Evolis? If that's the case then fine, but announce it with clear reasons.

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No Oz - they started off saying it was to fund the tests - then a bit later they stated it would also fund working capital. That was the bit that got me going at the time!!

CDY Price at posting: 11.5¢ Sentiment: None Disclosure: Held
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