TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon Feb 14, 2021 12:29pm
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RE:RE:Remember that Disco Song "BURN BABY BURN" by the Trampps?
RE:RE:Remember that Disco Song "BURN BABY BURN" by the Trampps?Hey Sam....EVE is not Canopy....no DEEP POCKETS. Do you remember the 2 EMERGENCY, High Cost loans EVE needed to take just before year end 2020...About $1.6 million total? Now that's a SCARY FACT.
EVE Burnt $4.22 million cash in Q3/20 and had about $1.5 million left in the bank at Sept 30/20.
Yup...you got the "High Risk" part right. SamRothstein wrote: Canopy is still burning cash as well. They just recorded a 3/4 billion loss for the quarter. The fact that a company is not cash flow positive yet does mean that they are a good investment. It does mean they have a higher risk profile. and a correspondingly higher return potential.
reallyBobbyZ wrote: Mel R's new Transparency Letter tells us EVE is still BURNING Cash every month. That means NO MONTHLY Profits. OUCH!!!!
Maybe EVE should adopt "Burn Baby Burn" as their official anthem?
Burn Baby Burn was recorded by The Trampps.