TSXV:EVE.H - Post by User
Post by
reallyBobbyZon Jun 01, 2021 8:20am
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Post# 33301790
If Q1/21 gets repeated in Q2/21 = serious Trouble.
If Q1/21 gets repeated in Q2/21 = serious Trouble.EVE lost $2,082,029 in Q1/21 = $694,009/month average loss.
That's $694,009 per month CASH BURN.
At March 31/21 EVE had $597,530 cash in the bank after taking the last tranche ($500,000) of the private placement, high interest loan.
If Revenue and Expenses continue(d) into Q2/21 the same as Q1/21, EVE is in serious trouble.