"So there’s another public company in the medical supply business that’s been behind in their audit for almost two years. However they should be current in the next couple of days. The deal is they’re supposed to be funded 200 mil and join up with a NASDAQ stock for a new business of buying medical receivables.
How this affects us is they love Sterlings products and they wanted to purchase the company. Instead, I’ve convinced Sterling to go with us, offer the other company an exclusive JV where they will allow them to supply hospitals, rehabs, retirement homes the products, in exchange for cash and stock in their company. For 1-2 years we will grow the brand and offer them first right to buy Sterling from us when we reach specific goals.
We benefit from the capital needed to grow, the stock as additional assets, and an exit strategy for Bob all while joining forces with their lenders and a NASDAQ partner right after becoming debt free. That’s what and why we’ve grabbed onto Sterling and a peak inside where my head’s been the past week"
This is a huge deal IMHO
