Consolidation of the stock looks likely.
When some are selling at 1.5 they must know something. Management is burning more than they are taking in and will have to do a PP but at 1.5 they would have to issue 100 million shares which is unlikely.
About 180 million shares out with Options and warrants, with very little cash, so all arrows are pointing to a roll back. 1 for 10 or 20 ?
The Venture is the worst trading exchange in the world. Thinking of selling every stock I own and taking out mutual funds.
GLOBAL UAV TECHNOLOGIES LTD.
Condensed Consolidated Interim Statements of Financial Position
As at January 31, 2019 and October 31, 2018
(Unaudited - Expressed in Canadian Dollars)
January 31, 2019
October 31, 2018
ASSETS
Current
Cash
$ 84,301
$ 178,450
Amounts receivable (Note 4)
211,449
196,461
Prepaid expenses
80,829
75,436
Inventory
30,117
27,767
406,696
478,114
Non-current
Equipment (Notes 6)
931,405
998,185
Intangible assets (Notes 7 and 12)
166,002
179,440
Goodwill (Note 12)
368,505
368,505
TOTAL ASSETS
$ 1,872,608
$ 2,024,244
LIABILITIES
Current
Accounts payable and accrued liabilities (Note 9)
$ 1,211,357
$ 821,227
Deferred revenue
13,775
7,015
Current portion of contingent consideration (Note 13)
128,893
91,927
1,354,025
920,169