Year End Book of HorrorsI just went back through claims on record this past year by the President. This company will modernize the fleet, open in BC, retire deposit obligations, and install robotics in the plants. Really?? And these $millions required will come from where??
Financial Performance according to SEDAR
2005 ($840,000)
2006 ($190,000)
2007 ($1,300,000)
2008 ($730,000)
2009 ($990,000)
2010 ($400,000) TOTAL LOSSES IN 6 YEARS ($4.5 MILLION)
Average financial performance of $740,000 loss per year.
These losses were when the bottle deposit revenue was there, as was Superstore! Both long gone!
A million in share capital raised and only $200,000 left to show of it. Who believes the bank will extend $750,000 Line of Credit with this record?
This President and Board still have a job??
At least they’re still out of jail…for now.