TSXV:EVE.H - Post by User
Post by
Phileagles11on Jan 18, 2021 5:50pm
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Post# 32322765
I am officially claiming foul play on EVE
I am officially claiming foul play on EVE After looking at the sequence of the n/r's last month, something just doesn't seem right.
EVE knew that they were strapped for cash before the last quarterly financials were posted. They also would have known of any sales revenue coming in over the next few months.
Why didn't the company do the r/s at this time along with a pp to obtain cash? Instead, Meli completes a financing deal for $550k that pays her interest at a rate of 10% per annum AND then the company enters into a $1M financing loan with a private consortium of lenders where interest is payable monthly.
Am I missing something here? Shouldn't they have started with the r/s and pp before going out for loans?