West Island Brands Inc C.WIB

Financial Statements due out tomorrow, this should be good..

[KozmoT]

Boris can explain what happened to the mssing $3,000,000 and also maybe explain what the f8ck happened with their one and only cannabis facility - Dorval that the last FS confessed had been "suspended" and there were "nil" plants left - yet that he failed to disclose to investors in any NR.

And then there is the matter of ... revenues.  Maybe they can explain where they are getting the cannabis that they are reselling under their own brand, since Dorval is no longer in operation (or is it - who the f*ck knows?)

[bruiserr56]

Looking back it's strange how they lent the CFOs relative 3m, then him and Boris were taking moonlight strolls together at Hemmingford, then he resigns for personal reasons, then the 3M is gone without ever having any accounting transparency for shareholders.  Strange indeed.

[bucheroncapital]

Former MMJ  - The numbers are on Sedar - interim financials unaudited as of sept 30 , 2021.  Cash left 56K vs 1032 k as of December 31 2020, other marketable securities 60k vs 355K back on December 31 ,2020.  Revenues 601K with a net lost of 1447K for the period.  Is it Game over , tic toc toc toc toc toc ... (source Sedar November 29, 2021).

[bruiserr56]

Lol, 60k in th bank but management still got 400k in salaries.  Lights out folks.  Lol.

[KozmoT]

only $60K in the bank but you forgot to mention ... $967 ... IN ACCOUNTS PAYABLE!!!!

[bucheroncapital]

Ok then add the lease liabilties for the Dorval building they dont use is 1,2 M $ ! And the Yunify Mist well they sold 3 botles since Dec 31 2020 !!!! These financials are above bad! Their assets are doubtfull ex-3092K for the property (181 acre - listed @ 650K) !!!! where will this circus end ?

[KozmoT]

Meant to say $967,000 in Accounts Payable "only $60K in the bank but you forgot to mention ... $967K ... IN ACCOUNTS PAYABLE!!!!"

[bucheroncapital]

Yep an it's on top of the rest the liabilities are hudge the assets and profits from sales are non existant 

[bruiserr56]

Yep, looks like Boris is going to be struggling to get his high 6 digit salary, unless he can get it out of the Private Quebec Company they loaned 3M too.  But apparantly those were all spent as well. LOL

[KozmoT]

But that $3 million was NOT spent on Hemmingford greenhouses - they never even laid a foundation!  I'd be surprised if the miniscule bulldozer work they did came to $50 - $100K.  That leaves still over $3 million of a "loan" to MANAGEMENT RELATIVES (!?!?!)  f*cking MISSING!

[bucheroncapital]

If my reading is accurate their real assets are (as of Sept 30 2021 so less right now ) about worth 600K of cash , pr paid expenses and receivables.  They also own 700K worth of land and some inventory let's say it's worth 9 months of sale if the quality is there 1600K the rest is right to use , goodwill, and some equipment let's say 300K so the total of assets where worth (2