EXPM:PLPRF - Post by User
Post by
Goodhunting01on Apr 12, 2021 11:05pm
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Post# 32983071
Poor Management
Poor Management The harsh reality for Plus Products Inc. (CSE:PLUS) shareholders is that its auditors, Meyers Norris Penny LLP - MNP LLP, expressed doubts about its ability to continue as a going concern, in its reported results to December 2020. It is therefore fair to assume that, based on those financials, the company should strengthen its balance sheet in the short term, perhaps by issuing shares.
Given its situation, it may not be in a good position to raise capital on favorable terms. So shareholders should absolutely be taking a close look at how risky the balance sheet is. The big consideration is whether it can repay its debt, since in the worst case scenario, creditors could force the company to bankruptcy