VIDWRX INC SMDWF

I spoke to steve

[Realhumanbean95]

He said they were operating on a skeleton crew, that they were working to getting listed as priority. He also said they have a window to close the financing. They only have 2-3 weeks left to close the financing because after that it gets more expensive for them to relist. He said theyve got a little revenue still going but i havent inquired as to what the numbers might be(probably low). He said the company has alot of debt. I didnt go into specific. When i asked about the financials , he stuttered and didnt give me a proper answer. Saying that they want the financing to close to release financials. He said the cfo is not working with the company on a day to day basis but maintains some affiliation with vidwrx. I really hope something good happens here, just a relist and thats enough for me glta

[proulxm]

Thanks very much for posting RHB95! Appreciated!

[home001]

Thanks for sharing.  Did Steve say anything about the likeihood of raising the money needed? In other words is there an investor out their willing to invest in VID or is VID still looking for an investor?   What was your sense of the situation?

[retired2007]

I don't get this, Steve is working on getting listed as priority? Were already listed on the vancouver exchange. Were not delisted, Just halted! Once the yearly financial report is reported to the exchange! Then the halt should be lifted.

[proulxm]

We're more than Halted.We're suspended! See the PR: VidWRX suspended by the BCSC 2016-05-11 16:45 ET - Cease Trade/Suspend Company A cease trade order has been issued by the British Columbia Securities Commission on May 10, 2016, against VidWRX Inc. for failing to file a comparative financial statement as required under Part 4 of National Instrument 51-102, continuous

[retired2007]

Ok i get it. Now that i read this!

[Patty3]

I don't think the conversation was at all promising.  We all need to be prepared for this to be gone.  The fact that there is only a skeleton crew working means nothing coming in and customers will be gone. The CFO not working while trying to get funding is a big red flag.  Shenanigans probably.

[AAAONE]

maybe buyout technology is there

[Pennyhunter88]

Agree. Skeleton board more likely and not a “crew”. As we said before, CFO and all employees are out. The creative network is out (see email below that one of the creative's received). And above all, VID’s clients are asking for their deposits/reservations back. No skilled workforce No creative network No technology  No clients Get financing for what?  I bet they are lying to new