Post by
Skater on May 22, 2015 6:07pm
Put BED to Bed
MD&A had some interesting tidbits that you don't see in the annual FS. Q4 loss was $1.6M on rev of $487k. Annual lease payments kick in in Jan 2015 ~ $685k. Interest on $2M landlord loan at 10% plus repayment ~ $325k/year. GP and stock comp non-cash ~ offset. Add it all up boys and girls ~7.5M annual burn. They'll need 4x Kg's sold in this last quarter to breakeven. I'd love to see the calculation that shows them cashflow positive by Q4/15. They'll have the capacity, but will they have the patients and can they hold the line on costs??? Of course this is all assuming they can dilute the (blank) out of it and get another $10ish million to keep the boat afloat. Will have to be done before Q1 results released next month.
Comment by
frankie1122 on May 22, 2015 7:29pm
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Comment by
frankie1122 on May 22, 2015 7:45pm
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