RE:RE:RE:RE:Yippeeee.....another MOU That’s a relief. I didn’t realize this latest 3000 unit sale to Marvin Bristol (CEO of Bristol and Bristol)
“was most likely a special purpose vehicle, sold to that entity put distribution to other geographical areas to keep purchasers hidden from competitors, it's a big problem in order to get off the ground other than Ontario, because this is publicly traded and imo”
I was afraid this new “sale” was going to end up like the 3000 unit sale to KarbonKleen.
dynaCERT INC.
Management’s Discussion and Analysis
December 31, 2021
Loss on loans, investments, and prepayments
The Company incurred the following losses on loans, investments, and prepayments:
- During fiscal 2020, the Company acquired 20% of the issued and outstanding shares of KK for consideration of US$367,000. Additionally, the Company provided a loan to KK in the principal amount of US$725,000. The Company has recognized a loss on the balance of the investment in KK of $470,299, and a loss of $976,459 for expected credit losses related to the loan with KK as the Company decided that it would no longer fund KK as KK does not appear to have, nor is it expected to have, the financial capacity to repay the loan and the investment.