Mitesco Inc. (MITI)

[Stockingstuffer12]

Agree they are a real company, and the management has been successful in the past ventures.

The good clinic hasn’t pick up traction, the model is broken.

The whole idea was to build medical centers in high end apartment complex’s and the tenants would use the facilities.

That hasn’t panned out, appointment have been low and revenue has been dismal.

The preventive care model isn’t working, humans go to doctors when they are sick.

All you see now are pictures of them reopening the same locations. (Maybe the second time around people will come)?

The revenue doesn’t support the expansion, the Denver location haven’t opened ( I’m guessing liquidity issues)

The only way they are staying afloat is because management and now the PR guy are giving small bridge loans. If they don’t find actual expansion funds, the location will fold and close as fast they open.