Analysis of a Funky Press Release re $ 6 m Sales First, set the context...
https://hindenburgresearch.com/nextech-ar/
This is what you are dealing with.
OK, let's take the $6.7 m sale and sound it to $10 m... no make it $15 million !
Follow me boys and girls...
The problem with this is that this company bleeds cash at a clip of almost $100,000 a day. So assuming that the $15 m sale is pure profit (ha ha ha - ha ha - ha) the profit is drained in 150 days. But wait! Must pay the paid pumpers. OK, let's say the profit margin is 10% (I doubt it as ntar is a loss leader co) so the pure profit is really $1.5 million. So far ntar has been posting only losses over its existence, but hey, that's ok in Pumpland. So, the cash burn drains the profit in less than a month. Ouch.!
But I suspect IMO that this is to be spread over 5 years. Also, CEO is ready to unleash options (see canadianinsider.com) to drive price down. Also, massive dilution occurred in 2022; and execs are bailing on the company. Financing would be a miracle and with interets rates would cost 10% interest as a cost of capital. Divide the $15 m sale by diluted sahers DILUTION !!! and you get the scraps as shareholders, about $0.0242 cents a share.
Excellnet investors!
Constantine