Beyond Oil Ltd C.BOIL

q3 on sedar

[lscfa]

The Company does not currently generate any revenue. As at September 30, 2022, the Company’s cash balance was $1,547,902 (December 31, 2021 - $388,154) with a working capital of $319,096 (December 31, 2021 – a negative working capital of $1,016,977). The increase in working capital was due to the receipt of proceeds of $3,500,000 received from the Special Warrant Financing. Seed Financing and Bridge Financing in the nine months ended September 30, 2022. The Company’s operations used $1,750,594 during the nine months ended September 30, 2022 (2021 –$477,738).

[SilverSpewn]

what do you make of it? The TEJA and Joey's announcements plus all the activity in Turkey and Israel might suggest that next quarter will show significant revenue, no? Give us your analysis lscfa, us BOILERS need to stick together!

[lscfa]

Based on co. slide deck, restaurants save $4500/yr/fryer.  An average 5 fryers per restaurant = $23,000/yr.savings.    BOIL will have to sell its product for less than this to get customers.    Say $5,000/yr/resturant of 5 fryers. Therefore the Joeys 45 sites => only $255,000/yr. Not great.     Recall the co. forecasts it will not be cash flow poitive