Again, incomplete and bad DD. This has already been answered several times on this board. Next Cast is owned by the same folks that sold Rigid to UATG. The debt has been on the books for YEARS! Are you implying that they planned to create a fake company almost 4 years into the future all to dilute the company with a cap structure that didnt even exist back then? If they could create a plan that far in advance to make money then why didnt they just make a product and then sell it?
Hold on. Wait. They DID! They researched and developed many technologies and are in the process of bringing them to market. They started last year with hygieia socks. Wait a moment, come to think of it they also released videos of not one but TWO surgeries on two other products! Where is the money going? Looks like research and development to me or are you now implying that research and development on implants and bone fixers are cheap and easy to get developed and cleared in the market?
Another point, If you had taken the time to read ANY of the filings you might have noticed that when they bought companies it actually cost money (and stock).
By the way, having the money to develop products does not mean you have the money to deliver the product to market! I have learned this the hard way and THAT's where Mr. Umbra should be held accountable. He should have developed ONE product and kept cash in reserves to bring THAT ONE product to market to generate revenue NOT develop dozens of products that now one can buy. I have discussed this point specifically with him and he readily admitted he made mistakes.
I am just grateful that they are finally selling a product and making some money
