TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon Jan 01, 2021 5:16pm
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Post# 32207977
RE:RE:RE:Why the r/s and why now?
RE:RE:RE:Why the r/s and why now?My opinion is we only have a 25% chance of EVE lasting long enough to publish the Q4/20. We do know the only "commercial sale" to Bavaria in 2020 was a measly 300 kgs split between Tilray and EVE. At $2.50 per gram [my opinion] that's them splitting a $750,000 sale...so maybe a $375,000 invoice to Bavaria from each of them. That's PEANUTS compared to EVE's monthly average loss in Q3 of well over $1,300,000. LionWhisperer wrote: There is definitely a lot going on behind the scenes that leeds one to believe this is being setup for reorganization. Next set of financials might shed light on German sale last month in dollars.No news on repeat orders or orders with other German suppliers.RBC is over a barrell right now as well because calling the loan guarantees fraction of return of loan while allowing it to stay in place not much better. Honestly it puzzles me why they stuck neck out in first place unless it was the woman thing and they were looking at the publicity of using a all woman business to try and generate other borrowings elsewheres.Regardless they blew it loaning money to this outfit.