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Posted On: 01/19/2023 9:30:58 PM
Post# of 13192
Where's the loan? 2+ months since insurance wrap
Remember when the clueless thought the insurance wrap was the final piece (per "final piece" tweet in summer of 2022) needed for funding?
The insurance wrap was just the beginning. Process takes 6-8 months if a company passes investors' due diligence...not invictus' due diligence. Two different due diligence swimming pools.
IMHO... zero chance of getting a loan, but it was a great way to bridge some interest between ...a horrendous 10-Q filed on Nov 14th (same day as insurance rating released...lol) ...and 2022 10-K and Q1 2023 10-Q. Nice way to float another pipedream to buy 6 more months.
Absolutely nothing else appears to be going on with the company other than 80% of the original 5 subsidiaries appear to be toast.
Medrecycler LLC looks to be the latest fatality if you do the due diligence. Remember that company that was looking at 19 other states to start its pyrolysis franchise after Ri denial and wasting 9 million on equipment? Remember Medrecycler's Medmaster truck technology assets in development?
Meanwhile ceo's recycling side company MSWRecycler.com seems to be doing just fine.
Shareholders must be so proud of the company's great success through its subsidiaries?
Where's all of the loan money from 2021 and 2022 going (800K)? Where is the Medrecycler 9 mil of equipment?
in my humble opinion
cheers
Remember when the clueless thought the insurance wrap was the final piece (per "final piece" tweet in summer of 2022) needed for funding?
The insurance wrap was just the beginning. Process takes 6-8 months if a company passes investors' due diligence...not invictus' due diligence. Two different due diligence swimming pools.
IMHO... zero chance of getting a loan, but it was a great way to bridge some interest between ...a horrendous 10-Q filed on Nov 14th (same day as insurance rating released...lol) ...and 2022 10-K and Q1 2023 10-Q. Nice way to float another pipedream to buy 6 more months.
Absolutely nothing else appears to be going on with the company other than 80% of the original 5 subsidiaries appear to be toast.
Medrecycler LLC looks to be the latest fatality if you do the due diligence. Remember that company that was looking at 19 other states to start its pyrolysis franchise after Ri denial and wasting 9 million on equipment? Remember Medrecycler's Medmaster truck technology assets in development?
Meanwhile ceo's recycling side company MSWRecycler.com seems to be doing just fine.
Shareholders must be so proud of the company's great success through its subsidiaries?
Where's all of the loan money from 2021 and 2022 going (800K)? Where is the Medrecycler 9 mil of equipment?
in my humble opinion
cheers
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