Post by
Profitic1 on Jul 23, 2020 5:50pm
Business Outlook
I agree that the company will probably turn things around, but not for a couple of quarters.
Unfortunately, in the short run, there is going to be alot more pain.
The company burned through over $3M in cash last quarter, and I expect more of the same in the next quarter. On top of this I expect at least a partial writeoff of the $14M goodwill from the Aquaguard acquisition. Did they overpay for that !!!!
At this point, I think another dilutive share financing is inevitable, and I would not be surprised to see the share price hit another 52 week low.
Prof
Comment by
dundas on Aug 05, 2020 6:51pm
Unless there is a management change this stock is in the penalty box. Brian pedlars has bungled this so many times and brought this to penny stock status. Many investors have been burned and financing will be difficult.
Comment by
stockgains on Aug 06, 2020 8:01am
something needs to be done for sure. performance has been very disappointing
Comment by
deepthinker63 on Aug 06, 2020 4:10pm
Wow, you Canadians are so polite. Do you know what they'd be saying on Stocktwits? Yikes.