Re: Video interview with George and Q&A
posted on
Feb 24, 2022 12:07PM
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Some of the concerns were answered in the beginning of the conversation. For instance if the government of Canada or the province of B.C relaxed or did not require testing, would the deal with Ceres be of no value? We got a good and solid answer about that also about the appointment of The Medical director.
In the Q&A first question dealt with the Clinic Acquisitions, (2, Sudbury, and greater Toronto area) . This is discussed at the 35:00 -the 36:00 mark. Answer was that they are literally sign ready and could be done literally within days.
The question about clinic openings is discussed between 36:50 and 39:10. Eglinton location could very well be announced by the end of February. We also will have a grand opening get together for this location and maybe another in London, Ontario.
Closing of sale of SVH is discussed between minute mark of 39:30 to 41:45. We know that the Kleins have not been cooperative and the worst case scenario is of just shutting down those operations and moving on. This decision should come in literally a number of days, because Steven McAuley has come to the end of his rope with regard to how long it has taken this to close.
Question will there be another raise or private placement? This is discussed next at the start of 42:00 to 47:20 mark and includes how revenue is being generated by the different divisions. So it looks financing will not be necessary. 200k of rapid antigen kits most of them pre-sold and another 200k have been ordered.
Question about on time financials is dicussed 48:30 to 49:00 mark. Pretty confident they will be on time.
Question about under performance of Kai has been confirmed and Steven McAuley put his foot down that they must do better and that they can do it if they put the effort. Discussed at the 49:10 -53:14 mark.
Question of expansion to the USA discussed at the 53:30 - 54:50 minute mark.- Already in due diligence.
Question why over promise and under deliver? Answered at the 54:50 -60::00 minute mark. Although Steven McAuley disagrees, and says things take time to materialize, you have to come up to your own conclusions.