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GRAND POWER LOGISTICS GROUP INC. V.GPW

Industrials Integrated Shipping & Logistics
"Grand Power Logistics Group Inc through its subsidiary provides air-freight forwarding and sea-freight services, customs brokerage, logistics, warehousing and distribution, as well as other value added services."


TSXV:GPW - Post by User

GRAND POWER LOGISTICS GROUP INC. > GPW has 12.3 cents per share in CASH
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Post by moneymaker75on Mar 31, 2014 11:41am
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Post# 22390220

GPW has 12.3 cents per share in CASH

GPW has 12.3 cents per share in CASH$1.3M in cash on the latest balance sheet. $17M in receivables too but that's offset by liabilities.

https://web.tmxmoney.com/financials.php?qm_page=73022&qm_symbol=GPW

The Macau deal brings in $2.12M USD. The Yangshan deal brings in $5.139M USD. Total of $7.259 USD. The exchange rate USD/CAD is over 1.1 so the cash in CAD is $8M. Plus the money from the last financials and the company has $9.3M in cash. Divided by 75.5m shares and it's 12.3 cents per share in cash. They make money too so that means the cash position or at least working capital position will improve from these numbers.
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