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Kwesst Micro Systems Inc V.KWE

Alternate Symbol(s):  KWE | V.KWE.W.U

KWESST Micro Systems Inc develops and commercializes next-generation tactical systems. The company offers breakthrough technology in non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers and electronic detection.


TSXV:KWE - Post by User

Comment by mjh9413on Jan 12, 2021 11:49pm
925 Views
Post# 32282686

RE:RE:RE:Question about financials

RE:RE:RE:Question about financials I wud start by adding, one cannot read financials without reading the Notes. So, the Conv Debs have all been exchanged for shares as per their terms re: the QT. The larger amount was in current liabs simply because it was a short term liability whereas the 2019 deb was in long term liabs.) In additon the subscription dep is all share based payout, and finally the $40K loan is actually a $30K loan (if paid by now) as part of Govt Covid lending. So technically they are solvent and I do not think you need to worry about those related party loans in curr. liabs..
Now they need lots of rev growth. Not to mention sorting out the related party transaction (e.g. the non-lethal technology purchase.) Can't imaagine what lead to today's leap but such sp action is happening to many of these new tech stocks 
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