OTCQB:EMHTF - Post by User
Comment by
Looneeon May 10, 2019 4:32pm
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Post# 29736107
RE:D'Accord Loonie..
RE:D'Accord Loonie..A huge portion of Q4 expenses was that promo company (ddb?) with 7.5M in Q4 and 9.5M in 2018, more or less. I suspect the previous CEO had something to do with that mess and was let go. Atleast the promo company is no longer under contract so this goes away for Q2 etc.
The monthly fees to EMS is bothersome and I agree, adjustments should have been made to that agreement until EMH starts to turn a profit. EMS have done very well on their investment and still hold close to 30% of EMH. WE don't know how much of their science, know-how, coroporate connections etc offset the monthly payment. There are a few things EMH can do at thispoint such as put in place a market respected CEO, get the Factor's deal going and extraction gel caps etc to market. Changes at Health Canada should speed up the number of License permits outstanding.