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Mitesco Inc. (MITI)

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Last Post: 3/5/2021 3:04:15 PM - Followers: 115 - Board type: Free - Posts Today: 0

A recently closed acquisition for Mitesco is MyCare, LLC. As pointed out by Roland Rick Perry, Managing Editor of the Biotech Stock Review, MyCare, LLC is led by the team that brought QuickMedix/Minute Clinic to scale. QuickMedix/Minute Clinic was acquired for an estimated $170 million by CVS in 2006.

CEO Larry Diamond then touched on the details of its General Solicitation Offering Under Regulation D 506(c) of the Securities Act solely to accredited investors. Learn all the details of that offing here

Diamond stated, “As our organization has been progressing, we created a strategy to use the public market to raise capital and bring efficiencies within our holding company that for many companies are not typically available. We have the ability to provide our acquisition targets with core services such as accounting and tax guidance, digital marketing expertise, and the like. Many smaller organizations struggle under the burden of trying to get the best services possible and run their day to day operations. Using the capital markets, we are raising money to be able to acquire these companies and to provide the growth capital necessary to scale these businesses at an accelerated rate.”

Diamond went on to discuss the direction of Mitesco going forward and how the Company will follow a similar path as MTBC, Inc.Mitesco Update: 

Company Announces Details of its General Solicitation Offering Under Regulation D 506(c) of the Securities Act Solely to Accredited Investors and Institutional Investors

DENVER, CO, April 27, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE ? Mitesco, Inc. (MITI) (the “Company” or “Mitesco”) announced today the details of its general solicitation private placement offering (“Offering”) solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended (“Securities Act”).

The Company has engaged CIM Securities, LLC ("CIM") as the exclusive lead placement agent. CIM invites all interested broker-dealers and accredited investors interested in participating in the Offering, to contact Mr. Jack Myers at CIM Securities via email at: JMyers@cimsecurities.com or by phone at: 619-749-2460.

“The Company has several initiatives which will benefit from this funding, including the roll-out of the MyCare clinic network. The team is moving forward, and while the effort will begin in Minneapolis, 23 states are encouraging nurse practitioners to practice to the full scope of their skills and training. Those states would be primary targets for clinics in both urban and rural locations. We are including the implementation of telehealth as a part of the practice. We believe telehealth will enhance the providers’ ability to focus on consumer needs wherever and whenever they arise,” shared Larry Diamond, the CEO of the Company.

“There are technology-oriented acquisitions, both domestically and in Europe, that can be accelerated with this level of funding. It is an excellent time to be acquiring proven solutions that reduce cost, improve quality, and enhance convenience for the consumer,” explained Julie R. Smith, President & COO.

The Best Efforts Offering, which will have maximum gross proceeds of up to $15 million in Units, consists of Series A Preferred stock and Warrants for the purchase of common stock:

  1. The Unit for each subscriber will consist of Series A Perpetual Preferred Stock Unit priced at $25.00 per share, which pays 10% annual dividend paid monthly and is redeemable after 3 years. This is not convertible into common stock, and the Company plans to undertake its best efforts to file an S-1 within 90 days of closing and to list the shares separately from its common stock;
    For each $25,000 of Series A Preferred stock purchased, the investor will receive 2,500 three (3) year investor warrants for the purchase of common stock, half (1,250) of which are exercisable at $0.15 per share, and half (1,250) of which are exercisable at $0.30 per share as warrants.

Additional details are included in the Company's Private Placement Memorandum which is available to any accredited investor by contacting CIM Securities, LLC.

This advertisement does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful.

Under Rule 506(c), general solicitation of offerings is permitted, however, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes above $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).

Our Operations and Subsidiaries: My Care, LLC, and Acelerar Healthcare Holdings, LTD.

MyCare, LLC is a wholly-owned subsidiary of Mitesco N.A. LLC, the holding company for North American operations. MyCare is building out a network of clinics using the latest telehealth technology with the nurse practitioner operating as its primary healthcare provider. It will begin in Minneapolis and expand nationwide. There are 23 states today that facilitate nurse practitioners practicing to the full scope of their skills and training.  The executive team at MyCare includes several of the key executives who brought Minute Clinic (previously known as Quickmedix) to scale, which was acquired by CVS for $170 million in 2006.

Acelerar Healthcare Holdings, LTD. is the Company’s wholly-owned, Dublin, Ireland based entity for its European operations. There are several targets in Europe under evaluation and management believes cross border expansion for these new, proven healthcare technology solutions may prove a profitable opportunity.

About CIM Securities, LLC

CIM Securities (www.cimsecurities.com) is an independent investment bank that serves micro-cap and small-cap companies by providing capital raising solutions and also merger and acquisition services for companies seeking growth capital or services. CIM Securities also caters to individual investors providing comprehensive brokerage and money management solutions. CIM Securities provides institutional investors and individual investors periodic opportunities to participate in public offerings and private placements of public or private companies.

http://internetstockreview.com/mitiupdate/

 

True Nature Holding, Inc. DBA Mitesco, Inc. (OTCQB) is an emerging growth company
that is further refining its strategy and focusing its’ acquisitions in the healthcare technology
domain to bring together solutions and services that are disruptive and transformational. 




True Nature Holding, Inc. DBA Mitesco, Inc. (OTCQB) concentrates on addressing the changes
and requirements of the healthcare ecosystem essential to the globe’s shift toward population health,
healthcare consumerism, and value-based care.

 

Company News: 

DATE/TIME SOURCE NEWS RELEASE
03/03/2020 08:00 AM EST GlobeNewswire True Nature Holding, Inc. DBA Mitesco, Inc. Announces New Nurse Practitioner Based Business Unit, Senior Team Comes With Acquisition
01/06/2020 08:00 AM EST GlobeNewswire True Nature Holding, Inc. DBA Mitesco, Inc. Adds Distinguished Healthcare Executive to Board of Directors
12/23/2019 08:00 AM EST GlobeNewswire Ms. Julie R. Smith, the President, COO and Board Member for True Nature Holding, Inc., Provides Detailed Overview of 2019 Milestones and Outlook for 2020 in a New Interview at SmallCapVoice.com



Investor Contact

True Nature Holding. Inc.
7535 East Hampden Avenue
Suite 400
Denver, CO 80231

Email:
Investor Relations

Phone: (844) 383-8689
Fax: (720) 575-5701

TNTY Simple Moving Average DAILY CHART

TNTY Simple Moving Average DAILY CHART

______________________________________________________________________________________________________________________

DISCLAIMER:

Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed
and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered
for information purposes only. No stock exchange has approved or disapproved of the information


Over Last 12 Months:
-Added Mr. Tom Brodmerkel to Board of Directors. Mr. Brodmerkel has extensive experience in healthcare technologies as the CEO of Wave Health Technologies. 
-Complete name change from True Nature Holdings, Inc.  (TNTY) to Mitesco, Inc. (MITI). 
-Complete acquisition of “The Good ClinicTH”. Key leadership includes Mr. Michael Howe (CEO), Dr. Rebecca Hafner-Fogarty (CMO), Dr. Kevin Lee Smith (Chief Nurse Practitioner), and Dr. Jim “Woody” Woodburn (President & COO). These were key management for the acquisition of Minute Clinic, which were acquired by CVS in 2006. 
-Established a relationship with CIM Securities, LLC as its advisor for investment banking related transactions. 
-Initiated a $15 million in units for Series A Preferred stock and Warrants for the purchase of common stock. The unit will be priced at $25.00 per share, which pays 10% annual dividend paid monthly and is redeemable after three years. This is not convertible into common stock. Additionally, for each $25,000 of Series A Preferred stock purchased, the investor will receive 2,500 three (3) year investor warrants for the purchase of common stock, half (1,250) of which are exercisable at $0.15 per share, and half (1,250) of which are exercisable at $0.30 per share as warrants. -
-SmallCapVoice.com featured Larry Smith to discuss Mitesco’s business model and vision. The interview can be heard at: https://www.smallcapvoice.com/interview-mitesco-miti/
-Added Dr. H. Faraz Naqvi to the Board of Directors. Dr. Naqvi is a senior executive with over 25 years’ experience in healthcare investment banking and asset management, is also a licensed medical professional with in-practice experience, and with telemedicine. 
-Added Mr. Juan Carlos Iturregui, Esq. to the Board of Directors. Mr. Iturregui has over 28 years’ experience in business law, including extensive international work in the Caribbean, Latin America, and Europe. His professional background includes both domestic and international transactional healthcare-related activities. Also, his professionalism and knowledge led to governmental appointments to President George W. Bush and President Barack Obama’s administration. 
-Mitesco, Inc. establishes a working relationship with NordHaus to place “The Good ClinicTH” in newly developed apartment complexes. NordHaus was developed and is owned by Lennar Corporation, an NYSE listed builder and developer of note. Lennar currently owns 52 similar apartment complexes in the US and is expanding annually. 
-“The Good Clinic” signed two (2) letters of intent proving for the expansion to the Denver, Colorado marketplace. The new sites are inside two new multifamily developments, one known as “Citizen West” and the other known as “Radiant”. Both projects are developed by Lennar Multifamily Corporation, a subsidiary of Lennar Corporation. Both locations are set to open in 2021. 
-Filed all public statements to maintain OTCQB status. 
Moving Forward
-Our current plans are for up to 50 clinics nationwide developed over the next three (3) years, assuming sufficient funding is available, for a total anticipated financing of up to $50 million, generally using or previously announced Series A Cumulative Perpetual Preferred A stock, which pays a 12% cash dividend. 
-Actively looking for acquisition opportunities. The integration of existing clinics could enable the company to gain, or expand, its market presence more rapidly than previously planned. 
-Close Preferred Series A Funding

Funding Video DD: Explaining how MITI operates: https://youtu.be/xjR29Dd9jvI Explaining the inside buying: https://youtu.be/bh6zY84itDM
 

MITI
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MITI News: Statement of Beneficial Ownership (sc 13d) 02/17/2021 12:44:10 PM
MITI News: Statement of Changes in Beneficial Ownership (4) 02/16/2021 05:40:08 PM
MITI News: Current Report Filing (8-k) 02/10/2021 12:45:33 PM
MITI News: Annual Statement of Changes in Beneficial Ownership (5) 01/27/2021 12:56:59 PM
MITI News: Annual Statement of Changes in Beneficial Ownership (5) 01/26/2021 12:17:21 PM
PostSubject
#5179  Sticky Note MITI DD: Brooksda 01/14/21 07:53:13 PM
#5751   Big .30 bidder $2 in May. MITI vortmaximum 03/05/21 03:04:15 PM
#5750   Huge .29 bid. MITI ! vortmaximum 03/05/21 02:46:34 PM
#5749   This is worth a listen https://www.youtube.com/watch?v=0DG9hLE0N-8&t=57s goingforittoday 03/04/21 09:38:09 PM
#5748   Decent volume on this drop. It'll take patience DarkLady 03/04/21 06:42:21 PM
#5747   Share Structure look decent. Big run up SlickB 03/04/21 02:10:23 PM
#5746   Added some here, couldn't resist sctts 03/04/21 02:06:51 PM
#5745   A New Paradigm for Healthcare and Wellness / goingforittoday 03/04/21 02:06:34 PM
#5744   Float is pretty tight, research says $2 goingforittoday 03/04/21 02:05:14 PM
#5743   I believe in the management team here and SlickB 03/04/21 02:04:20 PM
#5742   Uplist to NYSE/American is $2/share for a moment, goingforittoday 03/04/21 01:15:33 PM
#5741   they are going the wrong way.... SlickB 03/04/21 01:12:40 PM
#5740   You called it 0.25! Gonzal 03/04/21 12:02:30 PM
#5739   Added a bunch on that double bottom retest. Threeflight 03/04/21 11:22:51 AM
#5738   Bar chart.com BUY Overall Average: 80% BUY Overall Average Signal calculated goingforittoday 03/02/21 09:10:50 AM
#5737   Great analysis! The Mitesco Inc. stock price gained 28.33% Stockingstuffer12 03/01/21 08:48:20 PM
#5736   Best Buy’s for March https://youtu.be/75EuM4pElEw goingforittoday 02/28/21 10:18:37 PM
#5735   Great to hear you and yours are feeling better!!! govprs 02/28/21 06:14:21 PM
#5734   Thank you! Threeflight 02/28/21 06:11:59 PM
#5733   Awesome to hear you and your family have Stockingstuffer12 02/28/21 06:08:12 PM
#5732   Thanks yes I did have it. Basically Threeflight 02/28/21 06:05:08 PM
#5731   Threeflight- If you were in the Minneapolis I Gonzal 02/28/21 04:04:06 PM
#5730   Kind of funny, I had spare change in kas11 02/28/21 02:11:10 PM
#5729   Just watching my favorite Sunday morning show, Fareed DarkLady 02/28/21 10:39:09 AM
#5728   Nice to see you 3 flight, I heard Stockingstuffer12 02/28/21 02:12:35 AM
#5727   Me too. I’m not worried. Stockingstuffer12 02/28/21 02:10:49 AM
#5726   Thanks! Would like to see a Threeflight 02/27/21 10:27:13 PM
#5725   I dont know how you get your info Xcalibur1 02/26/21 10:50:23 PM
#5724   Did you watch this? Well worth the time. https://www.youtube.com/watch?v=0DG9hLE absintheminded90210 02/26/21 10:27:34 PM
#5723   Great stuff. govprs 02/26/21 10:14:45 PM
#5722   For new eyes arriving. Gonzal 02/26/21 09:51:18 PM
#5721   Take a look back, the plans are there. DarkLady 02/26/21 08:43:51 PM
#5720   I’m looking for announcements related to plans for govprs 02/26/21 07:48:02 PM
#5719   Oh my God!!! I had to go and DarkLady 02/26/21 05:44:15 PM
#5718   Wtf!!! What a great ending to a terrible Stockingstuffer12 02/26/21 05:07:38 PM
#5717   Lucky. I’m only half green. Mostly the absintheminded90210 02/26/21 03:56:34 PM
#5716   Crazy. All my OTC that were all red vortmaximum 02/26/21 03:55:35 PM
#5715   Has Returned!!! sctts 02/26/21 03:50:26 PM
#5714   Mighty MITI absintheminded90210 02/26/21 03:48:04 PM
#5713   Wow! What a turn and burn upwards. MITI vortmaximum 02/26/21 03:47:09 PM
#5712   Guess people stopped selling at .27 sctts 02/26/21 03:29:53 PM
#5711   Bouncing! Those 27&28 I added today were nice. absintheminded90210 02/26/21 03:21:16 PM
#5710   Last couple weeks have not been kind. vortmaximum 02/26/21 03:12:15 PM
#5709   Bar chart.com BUY Opinion! Overall Average: 80% BUY Overall Average Signal goingforittoday 02/26/21 12:32:15 PM
#5708   Agreed! In since .0233. Sold just enough at vortmaximum 02/26/21 05:39:43 AM
#5707   Not many of us left Brooksda 02/25/21 09:45:26 PM
#5706   Exactly Brooksda 02/25/21 09:44:54 PM
#5705   Patience is a virtue! Stockingstuffer12 02/25/21 08:59:20 PM
#5704   I haven't sold a share, patience is the key! DarkLady 02/25/21 08:55:45 PM
#5703   Planning for uplist within 3 months sctts 02/25/21 08:18:21 PM
#5702   Look I’m in this till the end of Stockingstuffer12 02/25/21 08:06:17 PM
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