Post by
tweezer1957 on Jan 29, 2021 7:00pm
My Favorite Financial Statements
These guys have the most in depth financial statements in Canada. So by reading between the lines which there are not many of here are some hilites.
1. CBD.COM has to be doing so great that they have no room on the page for such a large number.
I wonder if it is even in business anymore. How lucky maagement was to be paid three million for such a profitable web site.
2. Based on the the cash on hand as of Novemebr and the note they are now using their credit line it is possible there is no cash on hand.
3. They hope to have enough cash to fund the next 12 months but be prepared for a new issue. What difference does another few hundred million shares matter when you have unlimited sales.
For those dreaming of $1 a share you better pray for Reddit to save you as how do you think a company with no maney can be worth 700,000,000.
Good luck to all longs because you can't even short this stock so there are only longs left.