RE:RE:January - Form 7 Progress Report The Form 7 appears to contain several inaccurate statements or incomplete information. They said in paragraph 5 they provided Shaxon options for compensation, but refuse to disclose the amount of options as required.
I also question whether they are in compliance with all CSE rules as Kevin certifies since they do not appear to have a CFO anymore (or they CEO and CFO are the smae person) which are prohibited by the rules.
There is also no update on hiring after they made a big deal about hiring new staff (as a sign they are stable).
No update on legal proceedings (they are facing at least 2 lawsuits in BC and 1 in Ontario).
No update on discontinued product when Kevin himself implied on FB that they stopped selling flower products so they can use it for oil.
They have not reported any new customers as required, but they obviously have a new customer in Alberta since their product is listed there.
Not to mention they committed to have their financials for December 31, 20
20 (sic) early this reporting period. We'll see about that.
All in all not a very transparent or helpful update for shareholders.
TheResurrection wrote: At least it is a report ... but don't know how good it actually is.
Sold a lot of her holdings recently and sounds like she may be operating on a shoestring or two right now and having a hard time trying to raise financing in order to complete he facility.
I reckon it will depend on her next quartery report on whether she goes up to .04 cents or down to .01 cent.
"Quarterly financials " never "lie nor imply" ... quite the opposite of the Stockhouse bullboards ... LOL !!!
Quote ... " The Cannabis market continues to show volatility and could have an impact on the Company’s ability to raise capital or secure adequate financing to complete ongoing projects. "