TSXV:EVE.H - Post by User
Comment by
reallyBobbyZon May 31, 2021 9:20pm
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Post# 33300991
RE:RE:Q1/21 sold $2,055,745 but lost $2,082,029 doing it.
RE:RE:Q1/21 sold $2,055,745 but lost $2,082,029 doing it.Ghost...In Q1 they borrowed $500,000 more (the second part of the $1,000,000 loan) and ran payables up by $1,164,594, etc.
The fact that "cash on hand" at Q1/21 closely resembles the "cash on hand" at Dec/20 is meaningless.
EVE will not survive (in its present form) if overhead and sales continue as in Q1/21.
And remember all the PUMPERS said Q1/21was the big turnaround.
Instead Q1/21 was a TRAIN WRECK of over $2,000,000 loss on about $2,000,000 in sales. GhostOfGoldy wrote: And only used 8K cash over three months, pretty impressive there boobyz. Cry more.
reallyBobbyZ wrote: EVE lost $2,082,029 as it sold $2,055,745 [net of excise tax].
In Q1/21 EVE borrowed the second $500k of the $1,000,000 high cost private placement loan.
EVE's trade payables were $8,422,469 at end of Q1/21 vs $7,257,875 at end of Q4/20.....an increase of $1,164,594 owed to suppliers, etc.
EVE says it got $1.28/gm in Q1/21 = $581.12/pound (454 x $1.28).
EVE sold about 1,606,050 gms in Q1/21 = 1,606 kgs. (Sales of $2,055,745 / $1.28 = 1,606,050 gms).