TSXV:CART.H - Post by User
Comment by
nozzpackon May 31, 2022 7:37am
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Post# 34719204
RE:RE:Q1Report….cash now $8.9 m US ( $11.4 m CAD )
RE:RE:Q1Report….cash now $8.9 m US ( $11.4 m CAD )It seems more probable that the company will be sold, as the assets less cash in hand will not be a signifucant outlay for the suitor.
The $30 million US or so non capital tax losses will be a signifucant asset as those will nullify the excess profits tax.
Lets say $10 million or so for the gas assets and reserves and then distributing the net proceeds including the $9 million US in cash to shareholders .