other material
confidence high
sentiment positive
materiality 0.65
Mitesco expands cloud computing, issues restricted shares to consultant and directors
Mitesco, Inc.
- Issued 200,000 restricted shares to consultant Brian Valania; 100k earned now, 50k by Dec 31, 2024, 50k by June 30, 2015; $50k expense in Q3.
- Board approved 100,000 restricted shares to each of three directors for $0.25/share, total $75k expense in Q3 2024.
- Centcore unit expanded to include Microsoft and Linux, offering shared virtual tenancy and dedicated servers; quoting virtual remote backup.
- Centcore generated Q2 revenue with four clients, guarantees 20% cost advantage over AWS/Azure/Google, and offers 100% uptime with DoD cybersecurity.