First step- Sign term sheets Second step- Get Reg A approval Third step- Fund the Reg A Fourth step- Acquire assets agreed upon in term sheets
Right now, SNMN is in the second step of the process. They are awaiting Reg A approval from the SEC.
The CEO has stated that he has private funding, which would complete the third step.
We're not too far away from the fourth and final step. Which is why the CEO has recently stated that he's currently doing audits so that SNMN can go fully reporting as soon as possible.
The SNMN CEO is on the board of directors at BayGrow. He's a partner in forming the company. The relationship is very solid.