CVR Medical Corp V.CVM.H

RE:Will this ever trade again?

[Looneytunes]

I'm sure there is an expecttion that come January 2020, things will be the same as they were in January 2019; ie, that trading will just resume on the TSX, and that we will be on the verge of resubmission to the FDA; however lets take a look at what needs to happen before that :

1 - Funding; the company is effectively broke and interim funding needs to be found to enable all subsequent things to happen.
2- Management structure - maybe assume that either Dallas of Jim D;Orta will take over as CEO and that the structure needs to be the same as before ie with a COO; a qualified CFO etc.  Also re-recruit any specialist resources formerly employed by CVR Global.
3 - pay for the results of ongoing trials to be completed and the results released.
4- pay for the additional data as requested by the FDA to be collected and validated.
5 - Additional electrical testing by TUV (and pay for it) last time it took months to complete but at that time TUV were backlogged with testing of other devices; hopefully it will be a bit quicker this time.
6 - Prepare and submit full year accounts (the ones that were late last time).
7 - Persuade the TSX that the company is financially stable - not sure that we will be able to do that without substantial additional funding.

so my expectation for 2020 is that all the above will happen but probably not complete until June (and that the requirements fou funding will see at least a 100% dilution; but that's OK given the massive potential of the CSS) and that FDA submission will happen mid year; with commercialisation from January 2021. Sorry if that all sounds rather negative but feel that its realistic, and quite frankly, I'd rather we get it right this time.