Sep. 19 at 1:43 AM
$RMSL
Posted today by Mina Mar:
As an IR & M&A partner, we want to provide a courtesy update to the community. Due to SEC regulations preventing companies from reporting work-in-progress, we are sharing this general update to keep you informed. (Disclaimer: This is not official company news).
Key Takeaways
Management Transition: While new management technically stepped in earlier, legal constraints and legacy overhang following the founder's untimely passing delayed full operational possession until about a week or so ago. This has now been fully resolved.
Financial Cleanup: A new auditor and accountant have been secured. An updated Q2 filing is anticipated shortly.
Debt Restructuring: 4 out of the 6 toxic financiers have successfully been resolved and removed.
International Growth: The team is currently headed to Asia, actively seeking a well-funded company looking to access US markets through
$RMSL.
Continues below: