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Friday, February 01, 2019 12:25:14 PM
How near term to market is the deicing technology and do you already have market interest from potential clients? we are within 24 weeks before we can demonstrate a practicable product. (pending funding)
Has the ConnReap product made it past all testing and is ready for market? YES, FDA exempt. We will file a 5-10K prior to manufacturing. We will be speaking to Mfg and distributor within the next 60 days. The test process is completed but we would like to accomplish more procedures ( 100Plus)
What is the company’s plan for funding of operations ? We hope to issue a PPM to cover both inventions but await the results of two more, which will be added to the offering. The PPM offering will be in excess of $26.0 million.
When does the company anticipate to start filing required disclosures for filings to bring back current ? We are currently waiting for confirmation from an interested investor who may invest sufficient to pay for these filings. The balance of our budget is now $260K. It will bring us to the implementation of all our technology ( never to look back money) allowing us to be in the position to commercialize the above two by year end and the anticipated new inventions by first quarter and half of 2020. The above balance is what we must focus on since it’s the key to us moving forward. This money is considered insider investments. This means we sell stock directly from our company to the insider at a considerable discount.
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