Post by
reallyBobbyZ on Feb 14, 2021 12:07pm
Remember that Disco Song "BURN BABY BURN" by the Trampps?
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.
Comment by
SamRothstein on Feb 14, 2021 12:22pm
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.
Comment by
reallyBobbyZ on Feb 14, 2021 12:29pm
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.
Comment by
LionWhisperer on Feb 14, 2021 12:36pm
This post has been removed in accordance with Community Policy
Comment by
SamRothstein on Feb 14, 2021 1:34pm
Oh I'm not saying EVE is remotely on par with Canopy. I'm just pointing out that most companies are cash flow negative before they turn that corner.
Comment by
reallyBobbyZ on Feb 14, 2021 2:19pm
I hear you Sam. But many startups like EVE are cash flow negative for too long and run out of money...then Creditor Proposal or Bankruptcy. IMO, we will know EVE's fate by end of April/21.
Comment by
Jarred on Feb 14, 2021 2:50pm
No question, a lack of cash flow is the number one company killer. Can a company survive until they generate positive cash flow? That is the big question here and why investing in these start ups is risky. it should only be with money you can afford to lose.
Comment by
GhostOfGoldy on Feb 14, 2021 2:50pm
Will we know your fate then too? If Eve survives will you stfu and stop spamming this board with your "facts"? Maybe you can find a job by then also to occupy all your free time you spend here.
Comment by
reallyBobbyZ on Feb 14, 2021 3:32pm
GHOST....go crawl back into the germ-infested swamp you crawled out of.
Comment by
GhostOfGoldy on Feb 14, 2021 4:23pm
I would but your momma said I wasn't allowed back in...