InvestorsHub Logo
Followers 7
Posts 6678
Boards Moderated 0
Alias Born 02/21/2018

Re: Rascal1 post# 73900

Tuesday, 10/09/2018 4:55:33 PM

Tuesday, October 09, 2018 4:55:33 PM

Post# of 107737
Based on the last PR, this is prelude to the R/S.

Capital has been raised. RS will be filled.

Secured $200,000, which based on previous comments from the CEO of SCAMydx costing $2,000,000 annually to run, buys SCAMydx about 1.2 months...basically bridges to my prediction of the RS being filled around the Thanksgiving holidays.


The Reverse Split and Company Financing

With regards to the reverse split, while this was already approved, our objective is to do this concurrent with a sufficient capital raise as management continues to evaluate the best options for its shareholders. In the meantime, we could require additional short term financing which could create additional dilution. We do not expect any additional restructuring expenses and have concluded all of our restructuring engagements.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.