Replies to post #119926 on Vivos Inc (RDGL)

[Bromite]

Looks like they just got the $5M in funding they needed!!! Next step, clinical testing in humans

Per the 10-K

“Over the next two years, the Company believes it will cost approximately $5.0 million to fund: (1) the creation of a dedicated production line with IsoTherapeutics, our production supplier; (2) supplementing startup costs of the pilot and regional veterinary clinics; and (3) completion of the ore-clinical testing necessary to apply for an IDE, Investigational Device Exemption, which is necessary to initiate clinical testing in humans.”

[champana]

Look at it this way. Who puts $5mn in a sub penny unless they have a real product, revenue, and sound IP. Drug companies have been lurking. And Korenko doesn’t believe in debt.