Q3 on SedarWell that was relatively pleasant!
Revenue and net income stable or better year over year. Finance costs down. Cash and cash equivalents up. Mortgage payed off ($700,000). The Steinbach properties I presume, which was a very welcome but unexepected development. Net debt coming down. CEWS still providing significant support at $400,000. We know that has to end (or change). No impact from the Facebook / Google deals this quarter.
I am a fan of the management of this company. Patience is required, but I like the direction this is going. I don't know what the stock price will do, but it is interesting to watch "anonymous" suck up any loose shares on the TMX trade history. Still watching for the sale of the Steinbach properties. Watching what impact the heritage minister will impart regarding policy changes that will milk some of the advertising revenue away from the media giants.