Replies to post #6557 on Mitesco Inc. (MITI)

[Stockingstuffer12]

I would love for them to let the business grow organically. This company would be a total success.

As for Marketing it has been terrible. Mz is garbage and should be fired.

But I have read all their filling and they all say risk of default. They are burning thru cash, and no revenue.

They have no other options to secure more cash unless its toxic debt, and that is why they are rushing this up list.

They will open 50 location on the back of the original shareholder.

They just hired 10 nurse practitioners, 6 locations leases, electric and heating, and total payroll. Who is paying for all these cost? With 7k in revenue in a quarter.

Only option is debt facilities and a huge reverse to get there. Survivor of the fittest.

[ed3/6me]

scenario: we open 25th store next dec. get financing for expanding past 50 with aquiring another chain then we go to listing as well as reverse for getting more shares for expansion.