Sunday, November 20, 2022 4:02:08 PM
In the past I said he moonlights as some type of a consultant. What it appears to me is that he offers to assist some company, calls it "consulting" and does it for an exchange. For HADV the exchange as Eric says, is for some Royalty on wine sales when certain milestones are achieved. Right now that deal favors HADV all the way as I see it, and although it can change we still don't know what that change could be, or if there is a written agreement documenting it. Eric also does this as he believes, being able to hype his other businesses work to promote his company profile and stock value. He also gets to stick his banner on their sites. It likely does help as vast majority don't pay attention, many are confused and some even think WB owns or has some ownership of HADV.
For GestureTek his "consulting" turned into an exchange to where we are now.
Its unclear to me if he did organize bridge financing, or whether he provided financing through one of his lenders. I don't think we will ever get the details of this deal and was this "consulting" or here's a way to keep GT Health Inc going and purchase the assets ( Licensing, Patents )
GT systems Inc went under. What was left was GT Health Inc. This is what Eric said on his blog June, 2021
However the Vesting Order approval dragged on much longer like a year ? if things were tight back then working on a restricted basis, had 18 backorders, what capital did it get to continue till now ? Did it get that bridge financing and if so what was it ? Who pays the bills ? rent ? employees ? are there any ? This is a big unknown. The impression I get is GT Health Inc as is, is an injured financial business, but I could be wrong and if so what's the answer to your question?
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