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FAMILY MEMORIALS INC. V.FAM

"Family Memorials Inc is operating in the death care industry. The principal business activity includes retailing monuments and memorials through its wholly-owned subsidiaries and with agency and sales agreements with funeral homes. The corporation operates in western Canada and southern Ontario."


TSXV:FAM - Post by User

Post by cutstoneon Apr 29, 2016 8:12pm
93 Views
Post# 24827851

Year end is out

Year end is out  Sales are dropping
  The loss is 1.8 million for the year over ten million and counting since start up.
  Accounts payable about 4 million

  The share sale of 3,400,000 shares to raise 170,000  is shakey ground at best.

  This business plan has had years as in a decade to work and it has not worked as far as I can see.

 The year end is not a positive IMO for the future but people keep puting money in but who and why.

The first Quarter will likely tell the story for the year to come.

 Fam likes to bundle bad news and release it all at once the sale of 3,400,000 shares was a while ago.
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