Others have read the funding incorrectly. The MDA is an EQUITY INVESTMENT, not a cash investment. This is why the software/product development is able to move forward, without a lot of cash. The real cash infusion won't happen until the product is developed.
I have met members of the team and it is real, development is progressing. They have targets and hopefully they will hit them this fall. One thing for sure is that they are assembling a top notch team in anticipation of the fall launch. Yes, things still have to fall in place and there are no guarantees but the decision to refile or stay private is one that will come to pass as they come closer to their target launch date.
I've said it numerous times, Montavo needs cash and a viable product before things can really take off. I believe they are on the right track to accomplish this, no matter how painful it has been and is right now.
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