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PowerBand Solutions Inc V.PBX

Alternate Symbol(s):  PWWBF

PowerBand Solutions Inc. is a Canada-based financial technology (fintech) provider in the automotive industry. The Company develops, markets and sells access to cloud-based transaction platform to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. Its DRIVRZ, is a multi-dimensional marketplace platform, which provides consumers and dealers with streamlined buying and selling solutions. The Drivrz platform suite consists of three vertically integrated products: DrivrzFinancial, DrivrzXchange, and DrivrzLane. DrivrzFinancial is a technology-driven finance solution with a focus on used vehicle and electronic vehicle (EV) leasing. DrivrzXchange is a consumer-focused, dealer-inclusive multi-sided marketplace. DrivrzLane provides a complete end-to-end omnichannel solution for online automotive sales from dealer websites or listing sites with an e-commerce transaction solution.


TSXV:PBX - Post by User

Comment by mjh9413on Sep 04, 2020 2:02pm
110 Views
Post# 31511156

RE:RE:RE:RE:Lease originations will begin today

RE:RE:RE:RE:Lease originations will begin today Maybe this company will do something in way of revs and profitability with the MUSA deal and all the other news about Tesla, more States and the insurance agreements but I tend to agree it has been junk for years. Its balance sheet is not strong and overall deficit has taken some peculiar turns; I really don't know what they did with the Conv Deb raise  which was converted to shares, the cash seemed to just disappear; they have had only $56K rev from MUSA since july 2019 to date and MUSA contributed over $1MM of the $5MM (?) loss and given the purchase price for 60% of MUSA I just don't see that it reflected great potential. Just my opinion.
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