Post by
GrinningClown on Nov 22, 2020 7:34pm
Cash burn
EVE burned through $2.5 million in cash last quarter leaving a cool $1 million left at the beginning of Q3. Let's just all pray they didn't have as a high of a burn rate this past Q.
GRIN?
Comment by
GrinningClown on Nov 22, 2020 8:21pm
Seems as though the pumper clowns forgot to reply to this, I'll just bump it up to the top.
Comment by
Greensavage on Nov 22, 2020 8:27pm
that's awesome! And has little to do with literally anyting! Please tell me how much coh they have! You dont know. Time to stfu lil boy.
Comment by
GrinningClown on Nov 22, 2020 9:33pm
"has little to do with literally anything" uh what? It's actually quite significant and if you can't understand that then you shouldn't be investing period.
Comment by
DerekVTXman on Nov 22, 2020 8:52pm
It might be higher if they started ramping up production to bring on more bodies. Earlier in the year they had around 100 employees and my estimate is a cost of $1000 a week per employee. Key here is to get product to market. Hopefully the do better at getting products to Canadian Markets and get some better products on shelves soon.
Comment by
GrinningClown on Nov 22, 2020 9:33pm
I believe they owe RBC $129k per month as well Derek.
Comment by
GrinningClown on Nov 22, 2020 9:41pm
It's actually $131k per month or almost $400k per quarter. So we know that much will be drawn from the $1 million in cash they had at the end of Q2...
Comment by
wateroperator on Nov 22, 2020 10:00pm
Going to zero, Bartender at the Keg told me so that means it will happen. Right Bateman? LOL!