Post by
Blgvisclosed on Nov 16, 2020 9:40am
While production is up.....
Q3 2019, they lost $840,000 in the quarter.
Q3 2020, they lost $5 MILLION in the quarter.
Comment by
Ginger78 on Nov 16, 2020 9:47am
As someone explained on another board, "Expansion and new facilities and hiring employees is expensive."
Comment by
freeradical1 on Nov 16, 2020 10:12am
They haven't expanded anything yet. They have signed leases.
Comment by
danjones20000 on Nov 16, 2020 11:00am
yeah i noticed the 5 million loss, but i think thats expected... these guys are making big moves and spending money to make those moves.
Comment by
2Moneymaker2018 on Nov 16, 2020 12:07pm
5 loss but over 8 in the bank
Comment by
freeradical1 on Nov 16, 2020 1:46pm
Youir are right $5M lost in 90 days. They need $3M for leaseholds in their new Vancouver office and it is 65 days since their last report. Company is going to have to need to raise money again ASAP.