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Re: I-Glow post# 320048

Tuesday, 06/30/2020 6:11:00 PM

Tuesday, June 30, 2020 6:11:00 PM

Post# of 343830
A little more DD would be helpful. The D-box just got a new improvement. It is now called LifeAir G1. It already went through the process of patenting and will patent the improvement as well.

Mass production will not start until FORW lends the company money. If anyone has watched Sharktank, they will likely understand the process. A doctor and product engineering graduate came up with an idea and went tried to get the product to market without any capital. A connector (Sapi) got Ligand and FORW together for a mutually beneficial purchase.

Picture the sharks listening to the ventilator deal to understand how things are progressing. The Doctor/engineer makes his pitch. Mr Wonderful sees dollar signs and offers big bucks for 80% ownership - because he knows the Doctor is desperate for cash. Cuban laughs. He offers $20 milly for 60% of the business. Sharp, who guest stars as the resident public company expert, says I want 25% of the business and will lend you 5 milly for your operating costs, but I also want 20% of every ventilator I sell. Cuban and Wonderful bow down to Sharp's deal making and tell the fine doctor to take the deal.

Mr Wonderful and Cuban likely didn't get a chance at funding LifeAir, but if they did, they likely wouldn't have gone this easy on Sharp as they likely would have wanted a piece of the action.

When does the first ventilator sell? Summer of 2020 is Sharp's best guess. What is he waiting for? REG A will allow them to produce and sell in other countries. FDA approval for US sales.