Monday, April 20, 2020 4:10:39 PM
Also keep in mind that the Hindenburg Investors Research corporation is SHORT shares of WORX and it specializes in digging up any kind of dirt or issues that will create doubt and a stock to fall after a run up so that they and their followers can make money.
While their article raises questions, it also leaves out obvious information like, for example, how can WORX,with little cash, pay for a 35M order? Simple and clear in the WORX conf call. They have 1500 healthcare clients that order in bulk and they created a 3rd party Escrow for the purchase of PPE and test kits which is being funded by their clients for prepaid purchases. They also clearly stated that the test kits on order will not all be shipped to Rethink My Healthcare because others are in need and the requests for kits is beyond those requested by Rethink My Healthcare. Convenient that Hindenburg cites some "facts" but not others.
Recent WORX News
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- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/25/2023 05:23:46 PM
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