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VerifyandTrust

10/09/18 4:55 PM

#73901 RE: Rascal1 #73900

Based on the last PR, this is prelude to the R/S.

Capital has been raised. RS will be filled.

Secured $200,000, which based on previous comments from the CEO of SCAMydx costing $2,000,000 annually to run, buys SCAMydx about 1.2 months...basically bridges to my prediction of the RS being filled around the Thanksgiving holidays.


The Reverse Split and Company Financing

With regards to the reverse split, while this was already approved, our objective is to do this concurrent with a sufficient capital raise as management continues to evaluate the best options for its shareholders. In the meantime, we could require additional short term financing which could create additional dilution. We do not expect any additional restructuring expenses and have concluded all of our restructuring engagements.