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Cematrix Corporation V.CVX

Alternate Symbol(s):  CTXXF

Building Materials Building Materials
CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from formulations across North America. The Company’s cement-based material with superior thermal protection delivers to a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its grout and flowable fill applications include tunnel grouting, annular pipe grout, pipe abandonment, and flowable fill. The Company’s wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), Chicago based MixOnSite USA Inc. (MOS) and Bellingham based Pacific International Grout Company (PIGCO).


TSXV:CVX - Post by User

Cematrix Corporation > Finally, some Insider buying
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Comment by kingscorpionon May 26, 2022 12:20pm
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Post# 34709411

RE:RE:RE:RE:Finally, some Insider buying

RE:RE:RE:RE:Finally, some Insider buyingMay I remind you that CVX did not want to lay off workers during COVID outbreak so their wage cost in relative to sales were high. So with that they have a fixed cost on wage. Basically 5 mil per quarter for a yearly wage fixed cost of $20 mil. If your sales are around 5 or 6 mil you might be in the negative or flat. They did not wanna lay of workers because they did not wanna lose talent!!
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