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Re: Millstone post# 81104

Thursday, 05/28/2020 8:19:27 PM

Thursday, May 28, 2020 8:19:27 PM

Post# of 233352
No free rides when uplisting to major exchanges-

The AMEX requires companies to have $750,000 in pre-tax income in the two most recent fiscal years.
https://www.sapling.com/5904003/amex-listing-requirements

CYDY is currently trading on a venue for companies that self admit to being INSOLVENT-

Since our inception, we have been insolvent and have required debt and equity financing to maintain operations.

Since our inception, we have not achieved cashflows from revenues sufficient to cover basic costs. As a result, we have relied heavily on debt and equity financing. Equity financing, in particular, has created a dilutive effect on our common stock, which has hampered our ability to attract reasonable financing terms. For the foreseeable future, we will continue to rely upon debt and equity financing to maintain our operations and those of our subsidiaries.

https://www.sec.gov/Archives/edgar/data/1175680/000119312519221300/d40614d10k.htm
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