Nextleaf Solutions Ltd C.OILS

Sedar Filings

[LastoftheFranks]

Here are the Sedar Filings for anyone struggling with mental illness this morning about mild critiques/observations. This board is hilarious sometimes. 

MD&A

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00042948&issuerType=03&projectNo=03166594&docId=4877499

 

Audited YE financial

https://www.sedar.com/GetFile.do?lang=EN&docClass=5&issuerNo=00042948&issuerType=03&projectNo=03166592&docId=4877487

[hopefull]

reading the Md &a the company is protecting itself from the possibility of any law suits. They are not singing praises now I'm sure in the boardroom. Let's see how far this falls to below .20

[shneps]

Please reference how they are protecting themselves from lawsuits.

[Kawabonga]

What is hilarious is you try to save face, twist whatever OILS has on their financials as not so bad. You were hoping for profitable earnings yesterday and you got served the shittiest possible results. Cash dropped from 2M  to less than 1M over 3 months. Working capital from 1.5-2M to 0.5M. The cost of those miserable sales had a gross margin of -200%+, if it wasn't for those licensing

[shneps]

Just for your reference, because it does seem you are having issues with trying generate your negative views. That was the third quarter financials and not the fourth where they actually started generating revenue on a continuous bases. You are a piece of work.

[Kawabonga]

Wow dude, you are clueless, like most nextleaf investors. Annual filings = fourth quarter. Audited financials = fourth quarter. Thats why they talk about what's to come in fiscal 2021 (what comes after the fourth quarter of 2020 is Q1 2021) Get it? Or you want me to explain it to your like your a kindergarten baby? The year is done deal with 0.69M revenues and a -200%+ gross margin on their

[shneps]

You are correct turtle. I forgot when the technical year end was as opposed to the calender year end. My focus is on the upcoming quarter in which we will see the actual relevent numbers not eleven months of no extraction revenues, platform build out, commissioning, equipment purchases, acquistion of Labs, and so on and so on. The major extraction expenditures are behind us.

[Kawabonga]

LOOL please tell me how you explain the cost of 235k concentrate sales to be 700+k. This has absolutely nothing to do with all the expenditures you mentioned. And tell me what you expect the cost of your 1M month sales to be.

[Salbrom]

Dude your way offf financials come out Tuesday !

[Kawabonga]

[Salbrom]

Why are you here??

[shneps]

This what we do not know clearly, yet. They show over $940k in inventory + $235K in sales. I would assume that inventory got processed but was not moved out the door before the end of the quarter. I made the same mistake as Paul is saying the company was in the black at the end of the calendar year and not the financial year. That is why he's basically gone silent on that statement.

[Kawabonga]

You cannot include expenses for processing other inventory than the one that was sold. That 700k+ cost of sales was only for the sale of the 235k concentrate inventory. You cannot process 2 tons of material (let's say they can only process 2 tons of material at once, not less than 2 tons), sell a part of it and associate the cost of processing 2 tons to the fraction you sold. That would mean

[shneps]

2/3 of that quarter was commissioning of the line and I believe they wrote $100K in product off fulfilling that process. You don't commission anything without spending a lot of money + product to get the bugs out of the system. You generally have breakdowns, product being tossed out, people standing around, repairs to be completed, etc., etc. It's not cheap.

[Salbrom]

Buddy  AGAIN this is not the financials this is the end of 2020 on Tuesday new papers are coming out with names of partners and the full chebang !!! Load up or you will look stupyde 

[Rat1Race]

Like this company, but no one ever said financials for Q1 were coming out Tuesday. Did Jason tell you that date specifically? Also, they aren't in a position to ever divulge who their partners are if the partners don't want to be disclosed. It'll just referene partner in the filings. I'd love to see otherwise, but I'm by no means hopeful of that.  Considering this

[shneps]

Last year's filing didn't come out till the end of February. Some of these partners are also private companies. Interesting that over a million shares trade and then the past hour, nothing. Is this where the human has to step in and actually reset the algos?

[Rat1Race]

IR mentioned the financials around the production and sale revenue they have were comprised of: • biomass cost • direct production costs (direct labour and direct overhead) • unallocated capacity   The last point is the item that pushes the GP negative. If the machine is running at speed, this negative turns into a possitive, like i believe it did and will be evident in the Q1

[Kawabonga]

Exactly, and you think processing 800k more sales (to get to 1M sales) is gonna cost how much? Probably more than 300k. The point I'm making is gross margin will still be sh*t for 1M sales. This has to run mutliple Millions to reach respectable gross margins, even more for profitability. Good luck getting those millions worth of sales. Not happening in Q1. Maybe never. All the while, cash is

[ilvmyt5s]

Sniff, sniff, you guys smell that? I smell a WAGER!   Hummm.... Mich, OILS said they have roughly a million in work in progress as of Q4 2020 in the MD&A. Q1 2021 is complete, so they have a Revenue number that could be close to another million.   I'll take that bet but let's say 1.5 million for Q1?

[Buyhigheatchips]

I struggle to see how 2M in revenue in the first significant quarter of operation (in the very beginning of what will be a massive global industry) is a negative.  If you don't think NL can make a profit at this who do you think can? I'm not seeing any other contenders.

[ilvmyt5s]

Our resident Ninja Turtle seems to only post during trading hours? Must be an institution accumulating OILS stock. They are allowed to play both sides of the trade.