Monday, October 05, 2020 11:10:02 AM
I felt the comment from Gary during this podcast about the impact potentially being in the tens of millions of dollars was very positive.
Regarding the fluid sales, Gary highlighted that they are looking to sell the fluids not solely to the Healthcare industry, but also other industries.
And he indicated this is an initiative they instituted in the US numerous months ago.
Gary mentioned that "they" have signed with Filta, and Gary referred to them as "their marketing arm for non-hospitals".
Regarding the Oil/Gas beta testing, Gary mentioned (adding "a very cautionary statement") that they have been working on this initiative for 2 to 3 years and that so far all has been lab based testing.
Gary mentioned he feels that this is extremely exciting, as they are now collaborating with an Oil/Gas company out of Holdenville OK with 7 producing wells with an injection well in the middle. Gary said the testing with take 4 - 6 weeks, but then the results will take months thereafter.
Gary touched on the well depth, as it relates to the desirability of doing testing (the deeper the wells, the longer it takes to test?).
He mentioned that the wells selected had no other secondary testing done on them, making them "virgin" from the testing perspective.
He anticipates that the results will show a significant increase in production.
Gary indicated that what the efforts in various industries has in common is that it all relates to removal of bacterial and viral problems .... whether in healthcare or in other industries.
Marion spoke during the 2nd half of this podcast.
To me it sounded almost verbatim to what was mentioned in the Conference Call as it relates to the website, marketing efforts, brand positioning and seeing a new fresh digital presence soon.
Also Marion reiterated the expectation that financial filings should no longer be late, as they have taken measures to be better prepared and have hired additional people to reconsile accounts and statements throughout the quarter instead of waiting until near the end of the quarter.
She also indicated that as debt gets paid off, that the derivitative accounting becomes more manageable.
As someone else already posted, Marion indicated "no conversions on convertible debt have taken place since end of 2019".
Marion also mentioned that they are finishing up their application for uplisting to OTCQB, and that they had a couple of inquiries and that they are uploading their logo into that system.
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