Bridge Loan For Medical PPE

We sent this out to the Macro-Ops email list, I realize some of you might not be on that list, (but you should be!), so I'm sending this out to you all here as well.

Postponing todays analysis of bear volatile to throw up the bat signal, we are in need of help. Email follows....

Chris Dover here, normally you know me in the Macro Ops community as the systems trading guy. You may also know I have a military and government as a former US Marine and a contractor with Department of State and Department of Defense. 

At the beginning of the Iraq war I was brought on to help a private security company contracted by DoD and DoS to get ramped up. If you recall in 2004 it caught a lot of people by surprise when the insurgency kicked up and we went from 50 people in country to quadruple that with 8 sites across the country needing to be staffed up, fortified and supplied. 

We had to move fast and get things done quickly as many lives were on the line.

This is very similar to where we find ourselves now with CoVid 19, but on a global scale. 

A very good friend of mine who runs a LED lighting manufacturer and ecommerce company who has been manufacturing and shipping from China for over a decade, reached out to me to ask for help. 

A few weeks ago he saw the demand and lack of supply for PPE (Personal Protective Equipment) in hospitals and front line facilities and was able to move quickly to get the supply chain in place to fulfill the demand. 

Current demand for Filtered Masks (KN95, N95 etc…) is 65 million units per day

Current supply is 20 million per day

Not to mention, gloves, gowns, shields, surgical masks and everything else that our medical staff need to stay healthy themselves and help save lives. 

Our management team also includes a Physicians Assistant/Special Forces Medic (18D), a product liability/compliance attorney to ensure we have the correct products to meet FDA, CE and NIOSH standards and CFO. 

Additionally I’m working with my contacts in government to ensure we are getting what we need to those who need it.

We went out of our own pocket to purchase a 40,000 unit shipment of masks to confirm the authenticity and test the supply chain. 

We currently have a customer ready to go for 16 million masks once they approve this 40k shipment, along with other Purchase Orders coming in. 

This provider can provide us up to 1,000,000 masks per day.

The challenge. Every hospital is demanding PPE as soon as possible, sooner certainly. 

Yet no one is willing to work on credit.

Manufacturing costs are skyrocketing as is demand so they are only taking up front full payment

Hospitals are accustomed to net 90 day terms, getting to net 30 is a challenge itself. But they’ve adjusted to payment on delivery. 

At this point we are working with investors who are able to provide the much needed capital (liquidity) to help bridge the gap so that we can provide.

Currently we are in negotiations on a deal to close this week and have funds by Monday March 31, though the deal terms are not good. 

So I’m leaning on the Macro Ops community to find a lead investor/family office/lender who can help us make this happen. 

If you are interested and able to move fast enough, deal solidified and wire sent by Monday March 31, please reach out to me directly at [email protected]