SPOOZ Inc (SPZI)

[Mr Smith 34]

Mr Shotsky,
Thank you for your response. My follow up question is what is the collateral for the available financing. The company only disclosed $8,000 in assets as of 12/31/2023. Since that date, has the company received substantial assets to facilitate the debt instruments? I can understand if the company wishes to use the profits from current sales to secure financing for future sales, but what are they using to secure the initial financing? Most lenders want some type of credit history. The annual report lists no debt.
This was my question about the real estate deal, there is a 66 million dollar gap between the projected cap ex and the incoming revenue from investment. How will the company fill that gap?