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Wednesday, June 28, 2023 12:42:11 PM
However, the Company generated proceeds of $121,191 from financing activities during the three months ending November 30, 2022. The Company also has a non-binding Commitment Letter from an investor of $250,000 which also includes a right of first refusal on additional capital raise up to $3 million which will contribute to satisfying such obligations and fund any potential cash flow deficiencies from operations for the foreseeable future.
How can ANY shareholder point to that paragraph and call it a good thing????
They got money from LOANS (more debt) and this CONSTANT quotation about this ROFR loan (MORE DEBT!) is sickening. It's been in the financials FOR YEARS! And shareholders ACTUALLY keep believing this horse poop! It's NEVER happened YET and probably NEVER WILL! It is a CARROT for shareholders to munch on and feel good about! WAKE UP!!
Yes indeed. Read the WHOLE paragraph to be able to digest how BAD things are.
![Bearish](/static/images/ih2-bear.png)
I keep telling myself....deep breath....count to ten....try to answer without personal attack...if available, always try to present fact to back up your opinion.
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