Saturday, September 21, 2024 1:11:13 AM
They have approximately $500,000 left to spend. Unless they can do a private placement the company will goi bankrupt. Considering their burn rate a couple months at best.
They're just starting to sell Safety Strips and SPLY only has a 7% stake. Even if they have sales, expenses will grow and it will take at least 1 years to show any net profit and that's based on teriffic sales throught the entire year.
Addicts can get those all over the place for free due to government subsidies and the only buyers will be young addults, casual users experimenting. Even music festivals have booths providing free testing services.
There's also already industry leaders like:
www.dancesafe,org
Can you hear the bombs dropping from the sky.... SPLY is below.
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