OTCPK:NCNNF - Post by User
Comment by
Blizzy420on Mar 23, 2020 11:37pm
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Post# 30840382
RE:Point is they have 32 million in cash
RE:Point is they have 32 million in cashExactly, they have 32 million in cash and sitting on a pile of product. Two points...
1. If they are shutdown, the expenses will bottom out? Layoffs etc, very low staff for however long this lasts. There may even be subsidies available to pay for some of the lost wages/sales
2. Wouldn't farming be an essential service? Factories are going to be running, farners fields are going to be farmed..... The outdoor crop could be propegated and planted by a staff of people that are working in designated zones limiting the human contact while still achieving results.
Stores are staying open in Quebec and Ontario where the bulk of any sales come from. There is no reason I can see for this stock price to face plant as hard as it has