Definitely Hygea @61212305
Interested Investors would have wanted to see how much money this Deal had already banked.
First Hygea Deposit due April 2019...Listing proposed Jun 2019
Obviously NO deposit in April, NO deposit May and NO deposit June...in fact we have since been told NO deposit or orders forthcoming for sometime yet, if ever.
Eyebrows would have also been raised at the Company's revenue of $40,000 in product sales, but a whopping $99,000 in cost of sales of products.
Renaissance Capital released the following...interestingly nothing from HC Wainwright
AIMOHO PDYOR GLTAH
Micro-cap device maker G Medical Innovations withdraws $15 million US IPO
August 21, 2019, 08:44:00 AM EDT By Renaissance Capital, Renaissance Capital
G Medical Innovations Holdings, which provides app-connected medical devices for monitoring vital signs, withdrew its plans for an initial public offering on Wednesday, citing market conditions. It had filed to raise $15 million by offering 1.4 million ADSs at a price of $10.50. The company is currently listed on the ASX under the symbol GMV.
The London, United Kingdom-based company was founded in 2014 and booked $3 million in sales for the 12 months ended December 31, 2018. It had planned to list on the Nasdaq under the symbol GMVD. H.C. Wainwright was set to be the sole bookrunner on the deal.
The article Micro-cap device maker G Medical Innovations withdraws $15 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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