Mitesco Inc. (MITI)

[Mitescobull]

Since this has not been officially disclosed I will offer it as my opinion as a previous poster suggested. Thank you. However one can take these words as a gold standard. I am still long MITI if one is biting ones nails. I am not a buyer now however.

Mitesco moderately overestimated the amount of interest that could be generated for the Placement using the financial vehicle that they proposed. The reasons are two fold.

1. From what I understand investors are interested but wary that the company has no operating business in which to back up (collateralize) the Placement. Which I can say in all honestly I am in compliance with. It is my opinion they should shape the Placement in the same fashion that SPACS are being constructed on the NASDAQ as it would have broader appeal.

2. The low price of the stock is also intimidating to some potential investors who are comfortable working with small caps priced above $1.

The Placement as of today is not being pursued (this should be obvious as it has been over 2 months time) and new financial vehicles are being looked at in its stead. Investors can expect to see filings and possible press releases by Mid August in my opinion. While this is a delay, it is not a death knell by any means. It is just one more obstacle that management must overcome and I am sure in time that they will.

Hang in there MITI'ers.