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StockMonster100

10/22/19 12:45 PM

#58505 RE: trader guy #58498

RE: Trader Guy

I suggest you read the September 9, 2019 release alittle closer.

QUOTE+++++
"We have purchased notes and retired stock in the amount of $2.7M since the beginning of 2019, and our sales to date have exceeded $20M for 2019, with pending negotiations of $75M in future sales.”

https://www.nasdaq.com/press-release/chairman-richard-hylen-shares-positive-updates-with-shareholders-2019-09-10


Further more, these sales would have to be completed and paid for in advance before construction because SIML has very, very little cash on hand

......yet not $1 is showing on there most recent 10Q??

Most recent 10Q only showing $267,000 of revs.

https://ih.advfn.com/stock-market/USOTC/simlatus-corporation-SIML/stock-news/80540297/quarterly-report-10-q
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Lottalead

10/22/19 1:06 PM

#58509 RE: trader guy #58498

We can agree to disagree. “Initiated” is past tense. Certifications and manufacturing processes are initiated. My take is they have commenced manufacture of the extractors. I expect we’ll have definitive answers soon. Lol
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Lottalead

10/23/19 2:43 PM

#58753 RE: trader guy #58498


Quote:
. They already said the certification will take 90-120 days. And they just started it? Just started what? Have they even completed the design phase yet? They obviously haven't built the prototype yet if all they can come up with is a picture of a brewing vessel as an example. At best, they may have begun it's building, at worst it's still in the design phase and they will have to go thru a few more toxic debt financings to get to the point of actual production.


Looks like you overlooked this from August 1 PR...


Richard Hylen, Chairman and CEO, stated, “We have been working closely with our manufacturing partners in designing a CBD and HEMP extraction system that captures more than 90% CBD product from the cannabis bio-mass using a combined method of Cold-Water Extraction and Alcohol Extraction. The cannabis growers and processors have been waiting a long time for a product that can extract the high-grade CBD first, and then extract the lower-grade CBD in one process using one system without discarding product as waste. Proscere Bioscience offers its new Cold-Water/Alcohol CBD Extractor for a price of $4,236,417. Our distributor purchased 4 systems, and we now have awakened the cannabis market worldwide.”

Mr. Hylen further stated, “Mr. Michael Mulder, President of Brand House Ventures, Inc., had a tour of our manufacturing facilities in Grass Valley this week to better understand the hybrid system for his customers. He toured our manufacturing and assembly facilities as well as enjoyed seeing how the hybrid extraction system performs. Our distributors and strategic partners are part of a vast cannabis network of cannabis growers throughout the world seeking technology like ours in order to process cannabis faster and more efficiently.”