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Larry should be fired he has done a terrible job! Over 500k on the ask, if they hit the bid this goes to .01 cent!!!!
The boat is sinking? Over 300k on the ask!!! This is heading under .10 cents.
They have to up list just to pay those loans off. What is next after up list, issuing more shares to pay the bills?
Adding more debt from debt facilities?
But how do you pay that debt? With more debt.
Because 100k In revenue doesn’t cut it.
Another micro loan to keep the lights on. Burning thru cash like it’s water. Up list funds almost all exhausted in micro loans with 10% interest.
The Company issued two 10% Promissory Notes due as described below (individually, the “Howe Note” and the “Dragon Note”, and collectively, the “Notes”), dated June 9, 2022, to Michael C. Howe Living Trust and Dragon Dynamic Funds Platform Ltd. (the “Lenders”) and in respect of which the Company received proceeds of $755,000. Michael C. Howe is the Chief Executive Officer of the Good Clinic LLC, one of the Company’s subsidiaries.
Really they can’t even write up a press release. Wtf
They have the wrong separation date. When the CFO sees zero’s in the operation accounts. Wow
Mr. Brodmerkel replaces Phillip Keller, who had been CFO since March 2021 and resigned on June 12, 2020.
Phillip Keller left as CFO, he knows they have no cash
Maybe in the next century?
Up list by the end of the month? Witch month, what year.
Now you see them reopening the same locations. Maybe the second time around customer will come to the clinics.
First of all 24 locations were supposed to be open 2022!
Realty zero location have been open.
Per the performa 2022 should see millions in revenue. Realty We have seen 220k
Nothing has happened here. We have been in a quit period for over six months.
Market are turmoil, rates are heading higher and inflation is thru the roof.
The next catalyst is the next person to invest cash.ticker is stuck in the .15 cents range
100%, LD hasn’t been able to sell this at the investment summits. We don’t have an anchor investor. I know we have a following a ST investor has almost 7mm shares. We just need one more.
You think they have a deal pending 100mm in debt?
Another short term loan from Larry for 47k hopefully that keeps the lights on for a few more weeks. Are employee’s going to receive IOU instead of pay. Scary. What if Mitesco can’t make payroll? Walmart and Target are getting hit because of consumer spending and inflation.
Mitesco, Inc. (the “Company”) issued a 10% Promissory Note due as described below (the “Diamond Note”), dated May 18, 2022, to Lawrence Diamond (the “Lender”). Lawrence Diamond is the Chief Executive Officer of the Company. The principal amount of the Diamond Note is $47,059.00, carries a 10% interest rate per annum, payable in monthly installments, and has a maturity date that is the earlier of (i) four business days after the date on which the Company successfully lists its shares of common stock on Nasdaq or NYSE, or (ii) two business days after the date of receipt of the Company of the next round of debt or equity financing in a net amount of at least $600,000
Old video.
https://newsfilter.io/a/95aae6895c25758637b8ca15a3cef8d2
10q
120k in revenue for the quarter. Not much growth.
The only reason insiders are adding money is because the business produces almost zero revenue.
If they didn’t the Good Clinic would of folded already.
Larry’s only hope is to up list and debt facilities to keep the spending going.
Spend, spend, spend.
They have minimal overhead? They blew over 11mm dollars last year!!!! With 100k in revenue.
They keep hiring and spending money. Weworkused the same model until it fell apart!
100% this market isn’t supportive of an up list.
More the Nasdaq is down over 27% this year.
I was listing to the business news and they said the market is punishing companies that don’t make revenue. Additionally cheap lending is drying up.
Nasdaq is down so much because the lending cost for start up tech companies are drying up.
Miti missed there windows to up list and expand at low cost. Sad
This has negative beta. No correlation to the market.
Beta (5Y Monthly) -1.41
No volume at all. If this up list it will end back at a dollar!
You must think 33k shares traded today is a lot!
No volume.
Agree with that but look at stock market? Sea of red, down almost 1000 points today. We are heading for a recession and probably not the best time to up list. I don’t see how it would be any different with another underwriter if the business hasn’t grown yet.
Who is this upgraded underwriter? And what happen the EF deal?
And why are the Denver location delayed till the summer, because they were supposed to open Q1 2022?
Not a lot of confidence in market place when you can’t deliver on your word.
Heading back to .13, no volume. They now delayed the Denver location to the Summer. They Probably ran out of money.
What could be next, S1B, S1C and ETC.
No underwriter to complete this up list.
Do you understand, not one Wall Street bank wants to take this on! It’s a risk to underwriter an under performing stock.
If they don’t sell the public offering the underwriters loses money. Look at the volume here? What would make you think investors want to buy this stock @ 5 dollars with 6 underperforming locations?
The underwriting agreement can take a number of different shapes. The most common type of underwriting agreement is a firm commitment in which the underwriter agrees to assume the risk of buying the entire inventory of stock issued in the IPO and sell to the public at the IPO price. Often, there is a group of underwriters for an IPO that shares in the risk for the offering, called the syndicate.
To risky for EF, and the word is out to the other banks. It’s like having bad credit.
The pumpers are going to spin it that way and say they have a better underwriter for this IPO. Who can that be?
Goldman, JPMorgan or Morgan Stanley?
I would guess those guys would laugh at this IPO.
I just finished watching WeCrashed and to up-list is no joke, you need a solid well run organization. EBITA! An a solid CEO.
We have none, revenue is non existing. 100k in a quarter? We are running out of money and can’t open the additional locations that are still under construction. Nothing has happened in for 4 months, and if you think the big boys in Wall Street are worried about this ticker you have to be kidding yourself.
New S1A out, but EF Hutton anywhere.
It looks like they didn’t want to represent this garbage!!!!
https://fintel.io/doc/sec-mitesco-inc-802257-s1a-2022-april-26-19108-9359
25 to 30 times reverse? Larry wants 6 dollar up list. Shareholder equity is going to burn to the ground.
Shorts and put option delight back to a dollar.
Nice 4mm more shares of dilution and more to come to keep the lights on.
This what you call the dump going back 13.
Nasdaq is near? Give me a break.
When is the next pump going to happen here? Next earning. You will here Whippers that they had a record quarter.
No problem, you have to love how on every conference the management team kicks the can down the road for the up list. Now they will try in May to up list. I remember last year was the same thing.
file:///var/mobile/Library/SMS/Attachments/45/05/1678F20B-63D4-4A64-8B18-6C5A04E901CE/Investor%2520Presentation.pdf
The New investor deck is full of errors, Larry is presenting today at a conference. Why not proof read deck Larry?
Volume is dried up, and price sliding back down.
50k shares traded today. No volume again.
I don’t understand why you have a group of old men, trying to create a social media campaign for this company. If you want to call it that???YouTube videos, Instagram account and twitter account that are all trash.
How can you be technology company when you can’t leverage it yourself? Nasdaq really, you can even setup a twitter account.
I wonder what is next a ticktock video? The guys from Step Brothers could make it.
My 10 year old could setup a better social media presence for the Good Clinic with her pinky finger.
Wow! No buyers again, they are going to walk this back down now.
It sure looks like a pump and dump.
They made a twitter page that was created by a child. Their marketing has been terrible from the start. Why not spend money on getting the word out correctly? There no free lunch!
Pumpers spreading lies about the revenue being very large.
They got enough people to believe it, and they coordinated the pump. OTC at its best.
Nice to see better revenue quarter vs quarter.
Do you know if they took insurance payments directly? Or they will be applied at a later date?
Any word on the earnings?
That would be rag to riches story.
Earning’s coming out by the end of the month.