FSD Pharma Inc C.HUGE

RE:RE:FSD Financials

[Bigmac4000]

I only started reading through the mess but to answer your question. They blew just over 12 mill in 6 months and 6.6 mill in 3 months just ended. So they have 13 million left. That should be almost exactly one year to the date of that report. June 30 2021. They have zero revenue, zero product and a building slowly worth less and less. They do own shares in other ventures still which could potentially make them a few bucks. They have managed to dilute the share to the tune of 70% in 3/4 of a year. By October (RS anniversary). I predict a full 100% dilution. The saving grace for people in under $15 will be the phase 2a 14 day trial. That spike will probably be one of the last for a long time. Again this is MY OWN OPINION and only based on past experiences with this company. I have seen hail Mary passes before and something could happen you never know. I do hope for some spike in the $25 a share range it also COULD happen. but I just don't see it.

Mil_Man54 wrote: Love your posts Graham.....as depressing as they are...what's your opinion of how long they'll last at this rate....I suspect 12 months on the outside.

GrahamB wrote:

FSD Financials

Hi all, took a look through the financials-not a great story in my view, but again, do your own DD and think for yourself.

 

In my view, it is pretty ugly, and I picked out  Some highlights(or lowlights):
 

1.Current Assets are listed at 29 million, but it’s not that really.
 

They include the building for sale(not really current)prepaid expenses etc...

If you factor in the different expenses, you’re really looking 13-15 million.

Then again, it’s also called a balance sheet for a reason, and if you look at the expenses, this will drop down to around 6-7 million.

 

This is where it gets a bit more ugly. We all know, that the income statement, is really an  statement of lossfor these guys, and guess what the comprehensive loss was for the quarter?

 

6,699,194

Yup.

 

These guys are bleeding cash, there is a lot in this Financial statement that is concerning.

 

In case you think the board, and key personnel  weren’t rewarded for this operational expertise-dont worry

Share options are 1,627,563

And...

‘The Company paid expenses of $947,498 to a company owned by the CEO for the six months ended June

30, 2020”

 

And more...

Anyway, my thoughts only and do your own DD.
Can discuss these later

Maybe there is a light at the end of the tunnel (or maybe its an incoming train)

Good luck