Tuesday, August 27, 2019 12:41:42 PM
Under SEC rules, the announcement today requires an 8-k (definitive agreement) to be filed spelling out all the specific terms of any partnership arrangement with Lave, Inc that could impact SIML shareholders.
Of course should things fall apart they would not have to file the 8-k it in the time allowed LOL. But hey, it's not against the law to change one's mind or even to fail at business.
"Richard Hylen, CEO and Chairman, stated, “The company is currently setup to manufacture and deliver its extraction systems utilizing a strategic partnership with Lave, Inc. This offers our Proscere Division a more streamlined 20,000 sq. ft. facility to perform manufacturing processes, assembly and testing before delivering the systems to our customers. We have $23M in orders being manufactured with 90-120 day delivery schedules. We also have potential orders of $74M that we are closing in the near future.”
In the meantime, 10+ Million shares have already been dumped that won't have to be returned?
Oh well! GLTA
Please help save the earth. It's our only source of chocolate.
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