ProText Mobility Inc (TXTM)

[highlandernew]

Stockfun1, TXTM CAN'T put $500K on Cannabis biz? Then I fully understand South African Gov't to NOT give licence to such a small and NOT serious player?

They will give it to someone who actually has a real functional and in place operation, totally understandable? You don't give that kind of licence to an EMPTY SHELL company, right?

'...SAPHRA surprised them with a request for them to now COMPLETELY OUT FIT the entire operation to fully functioning capacity, (building, utilities, workers, equipment, security, permits, etc. etc.), and once complete SAPHRA would come in,.... inspect, and POTENTIALLY give license. The estimated cost to outfit entire operation is close to a $500K investment. Without any guarantees of a license in the end.

This request was in contradiction to the wording of the application ( stating that “Provisional Licensing” would be granted without these requirements upfront. TXTM felt that to spend this amount without guarantees of Licensure was unwise and did not produce good shareholder value...'

What are your thoughts about this?