OTCPK:NWKRF - Post by User
Comment by
TruthAboutHipon Aug 16, 2018 12:36pm
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Post# 28472681
RE:Hip has a 120 million dollar cash position
RE:Hip has a 120 million dollar cash positionOh my goodness. I am surprised that Jay Wilgar didn't pay to have this video taken down. It is just embarrasing, especially if you know the whole story behind the past 9 months of Newstrike. First off they can not have "several thousand kilos" in inventory when their self inflated entry in the latest financials claims only $8 million in inventory, almost $2 million of which is the result of "favorable revaluation of biological assets of $1,098,557 for the quarter and $1,995,377 year-to-date."
That means they might have even less in inventory from the viewpoint of actual kilos when referenced against actual market value. I will hazard a guess at 1,000 kilos. If you watch this video carefully you can can almost hear the rather clunky machinery grind into gear behind Mr. Wilgar's forced grin of "confidence".
Mr Wilgar is not at all impressive here,but in fact underwhelming. He is not even certain about THC percentages vs CBD oil and their values to either the rec market or the medical market. It is quite laughable and very clear he is talking from his posterior.
Enjoy your video. I did. I laughed a lot.