Monday, May 11, 2015

MedHab Shoots for $3 million in 5th Capital Raise

SEC filings show MedHab's Johnny Ross selling $3 million in equity.  The May 5th filing showed $25,000 had been raised with $2,975,000 left to be sold.   MedHab's sales are listed in the $1 to $1 million dollar range.  The filing shows MedHab intends to raise this amount within a year, start date May 4, 2015.  Johnny Ross is listed as Sole Manager of the company in this filing.  The document shows no minimum amount for buying an equity stake in MedHab.  The one investor thus far plunked down $25,000. 

This isn't MedHab's first equity raise.  MedHab completed two rounds before the City of San Angelo awarded MedHab a $3.6 million economic development package.  The company has three years to take advantage of the $3.6 million in incentives.  How might that help Johnny Ross sell MedHab to angel investors?

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