The Issuer plans to continue developing and expanding its business plan over the next twelve months. The issuer plans to take advantage of reduced construction and labor costs and lower prices due to increased inventory. The issuer may face some negative impact on its financial condition and results of operations in the near term from continued lack of traditional financing from the credit crunch. The company may probably not be able to supplement its financing requirements through private capital raises as it has in the past. The issuer has been actively engaged with so called hard money financing offers but at this point believes that traditional financing will return promptly enough so that it can avoid the more predatory hard money terms.
Quote | Wetouch Technology (OTCMKTS:GLFW)
Last: | $0.0349 |
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Change Percent: | -16.9% |
Open: | $0.0432 |
Close: | $0.0349 |
High: | $0.0436 |
Low: | $0.0302 |
Volume: | 787,600 |
Last Trade Date Time: | 10/05/2020 04:44:05 am |
News | Wetouch Technology (OTCMKTS:GLFW)
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