LOL What's Happening with PODA? Not much! Apparently the same Independent Accounting firm that Invictus MD utilized in their audited year end report also performed audited numbers for PODA. I am assuming this is to show "real" status of company as a legit operation, avoid speculation and slow prospective accusations of fraud & law suits from ensuing. IF they avoid becoming a going concern... (just an opinion.)
BOTTOM LINE is PODA needs to manufacture and sell a product yesterday to avoid collapse as they are running out of time and mostly money including the trapped shares that were spun out as equity for the company
As you can see they have an "intention" of getting a vape device to market by or in the year 2020, are mostly burning through cash (at moment, put together a share swap with California Distribution Company that gives them instant distribution and a fulfillment center along with operating capital to (hopefully) finish a workable device....?
It's a coin flip at this point On one hand their debt is not "that" substantial, but the need to generate revenue needs to happen sooner than later to avoid going concern status as I would think they will run out of creative ideas to raise more money. In layman terms they NEED to SELL something and generate receipts!
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