New hereI have a very small position currently but looking at increasing it after i do some more DD.
I noticed they have over 100 job postings online all over lower mainland and Calgary and Toronto etc.
All those salaries add up to say $4M. That's a lot of money they'll need to find soon - so my question is where will this cash come from?
Their current assets are only $700,000 while current liabilities are $1,800,000.
So my take is that financing will be needed fairly soon. Should I wait for an announcement before purchasing? I really like the growth rate here but I am worried about liquidity right now with only $220,000 in the bank as of June 30.
Would love to hear thoughts. thanks and good luck all!