GREY:CHALF - Post by User
Post by
markgreenon Apr 12, 2022 12:59am
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Post# 34595911
CHALF has a history of milking its shareholders. Be Smart
CHALF has a history of milking its shareholders. Be Smart-99% in 8 years, -80% in 11 months -45% in 45 days, 4 dilutions, 6 managements, 23X Reverse Split and $0.27 !!!
Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital. So it seems the smart money knows that debt plays a big role in future receiverships & in bankruptcies when the debt to asset ratio in this case is 68 which means for every $1 Chalice owns, it owes $68
This deficit is considerable relative to its market capitalization of US$17MM, so it does suggest shareholders should keep an eye on Chalice Brands' use of debt. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution (which has already plagued Chalice a few times in the past 8 years)