Forterra Environmental Corp FEVCF

RE: Financials

[mjh9413]

I did not expect great advances in this qtr but sales losses, deferrals, and the fact they do not see cash flows supporting future capital requirements (even those such requirements might be a positive in terms of future revenues  their apparent extent is very revealing given that expenditures on recent production upgrades will not be sufficient) are all disappointing statements.  I have still to review financials but I hope that instead of equity dilution, when the time comes,  they will have secured appropriate long-term debt based on the value of existing capital assets as well as to finance any new ones. This will need at least 2 more qtrs to sort and so current investment will likely remain very dead-money