RE:RE:RE:RE:RE:RE:RE:Recent CTV News Article On page 32-333 of the prospectus filed in November. These are the 4 objectives and costs/dates.
It says the objective is to hire to achieve 3,000 tests per day in December/January and exceed 3,000 tests per day 3-6 months after.
1) Hire additional full-time employees to assist with COVID-19 and Aristotle® testing capabilities Fully staffed lab with validated equipment; c
apable of processing 3,000 COVID-19 Tests (comprising either PCR tests, or antibody tests, or both) per day
December 2020 or January 2021 $1,335,000 to $2,670,000 (to be funded by proceeds of the Offering) 33 Objective Milestones Timing Remaining Cost
2) Increase COVID-19 Tests capability
above 3,000 tests (comprising either PCR tests, or antibody tests, or both) per day. Purchase additional equipment and supplies.
Three (3) to six (6) months $950,000 to $1,900,000 (to be funded by proceeds of the Offering)
3) Increase advertising and marketing for Aristotle® Increase advertising and marketing initiatives for Aristotle® Six (6) to nine (9) months
$600,000 to $3,000,000 (to be funded by proceeds of the Offering)
4) Expand Richmond Laboratory space Renegotiate lease to expand Richmond Laboratory space by 5,000 square feet
Six (6) months $180,000 (to be funded by proceeds of the Offering
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I justy dont understand why we cant get any interim updates on these major objectives. Is it just 1 monsterous NR about Aristotle and nothing else??
I posted about CBDT becuase of how they are building momentum with halts and news and building their company. They already have a market cap double ours.
frewil11 wrote: Does anybody have any info on how many tests a day the lab is doing or do we just keep guessing .