GREY:SYXXF - Post by User
Comment by
Ranger56on Dec 08, 2014 11:03am
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Post# 23205951
RE:A Newsletter
RE:A Newsletter Can you reference your source? Or maybe you are asked not to do this as a subscriber?
People think Cook. But still need confirmation. People are guessing.
Having said that, they do seem to need money. Take a good look at their financial statements, they just don't generate enough revenue to cover expenses despite the contracts they have and their balance sheet is very thin. Don't have much cash.
On Nov/5, the CEO was on BNN claiming revenue to go up 3 fold this year with new contracts,
will get to profitability this year, but tapped out on current capacity and need to expand. Thats code for we don't make money at current capacity and "we need money" to expand. The issue is the news flow and financial results don't support his claims very well. They need to improve communication and guidance to be trusted I think.
https://www.bnn.ca/Video/player.aspx?vid=484700