Emblem Corp EMMBF

Where are EMCs current Financials?

[WHollings]

I'm finding it difficult to valuate this company due to a lack of information.  The latest financial reporting I found online is from September of 2017 which is a long time ago.  Does anyone know where to find more current data?

I saw someone post that the company is worth at least $125M because they have $85M in the bank and valuated the license at $40M (not sure where this value came from).  However, this is definitely not accurate because we know they have at least $25M in debt in the form of Convertible Debentures (and they are paying 8% interest on that $25M).  Do they have other debt?  Loans, lines of credit, a mortgage on their current property?  Without complete financials it's not possible to properly determine the value of EMC.

The initial stock offering by EMC was at $0.50.  It's probably worth more than that now, but it's impossible to determine what that number is.

Any info out there?

[deminimis]

Sept 2017 are the most recent financials available. They are releasing 2017 YE financials on April 27. The long gap in reporting is maddening but venture companies have until May 1 to report YE financials. The good news is that Q1 financials will be out just a few weeks after that so we will soon have a treasure trove of data after going so long without anything. As at Sept 30, they had $5M in

[WHollings]

Deminimis...thanks very kindly for taking the time to reply to my post.  It will be interesting to see the year end and Q1 results.  This company originally caught my eye due to the drop in share price, thinking it could be undervalued,  but upon further research it may even be overvalued at the current price.  The company doesn't seem to have much going for them.  The

[deminimis]

Pretty much everything they’ve got going on is summarized in these two links: https://emblemcorp.com/blog/presidents-letter-to-shareholders/ https://emblemcorp.com/wp-content/uploads/2018/03/EM-IR-Deck-031718.pdf