Post by
MasterTiger on Jun 17, 2023 10:17pm
Pivot Financial
In February 2022, Pivot Financial assisted SQI Diagnostics Inc. (“SQI”) in the purchase of Precision Biomonitoring (“PBI”) by agenting a $7,500,000 two (2) month senior secured bridge facility. SQI (TSXV: SQD) is a leader in the science of lung health that develops and manufactures respiratory health and precision medical tests that run on SQI’s fully automated systems. The assets acquired from PBI related to its human diagnostic COVID – 19 PCR molecular testing business. The merger of the two business resulted in significant synergies including cross selling opportunities between their respective client bases.
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The decision to issue the notice was made solely by Pivot, as the insider indebtedness is subordinate to Pivot's interest in the indebtedness and Pivot retained all decision-making authority pursuant to the terms of the participation agreements.
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Pivot helped with the aquisition of PBI in 2022 and now they want everything? Hopefully the judge will only give them the PBI assets only and we take the other assets and intelectual properties to licence them out. New business model.
Lets Go.
No quiting, keep fighting!