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The wording in Thursday's PR made clear the

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trader guy   Monday, 10/21/19 11:14:28 AM
Re: None
Post # of 59719 
The wording in Thursday's PR made clear the building of the extractors is now in process and the C1D1 certification is done. Is only the building and successful operation of a prototype model, then testing, observation of that operation and documentation thereof by an individual granted Federal and State authority to do so, all it takes to get to that point? Based on my many years experience in building, refurbishing and maintaining aircraft in an industry that is in under far greater scrutiny and regulation than CBD extraction systems, I would say probably so.

https://www.otcmarkets.com/stock/SIML/news/story?e&id=1454429

Quote:
SIML Receives Green-Light to Build and Deliver $24M in CBD Extraction Systems
San Francisco, California, Oct. 17, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Simlatus Corporation (OTC PINK: SIML) (“Simlatus” or the “Company”) announces today that certifications and manufacturing processes are initiated to commence the manufacturing and delivery pursuant the purchase orders for the CBD Extraction Systems.

The company’s subsidiary, Proscere Bioscience Inc., received purchase orders for delivery of 14 CBD Extraction Systems in value of $24M.


I would also have to say, based on what was previously released that the actual manufacturing would not commence without a 50% deposit on the cost of the order first being made, that SIML has received in hand $12M in deposits. How much of that will be expensed towards manufacturing costs and how much will be used to cover convertible debt is the biggest question now.

https://www.otcmarkets.com/filing/html?id=13643702&guid=JA2SUFGcMyMSIth

Quote:
The company is manufacturing the systems in Grass Valley, California in order to maintain quality assurance. Each system requires a 50% deposit upon successful on-site inspection, C1D1 Certification Approval, platform design needs, and process specifications based upon a needs assessment. This process can take 90-120 days depending upon State and County regulations.



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